# EDGAR Filing Document

**Accession Number:** 0000205007
**File Stem:** 0001193125-26-210111
**Filing Date:** 2026-5
**Character Count:** 1270799
**Document Hash:** 1a7c1f48b669d9018ea6860619ba86d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-210111.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001193125-26-210111

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 24

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHORT-TERM INVESTMENTS TRUST
- **CENTRAL INDEX KEY:** 0000205007

**ORGANIZATION NAME:**
- **EIN:** 741093914
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02729
- **FILM NUMBER:** 26950576

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 713-626-1919

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT TERM INVESTMENTS TRUST
- **DATE OF NAME CHANGE:** 19930818

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT TERM INVESTMENTS CO
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM BOND SHARES INC
- **DATE OF NAME CHANGE:** 19800909

## Series and Classes Contracts Data

### Invesco Government & Agency Portfolio (Series ID: S000000220)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000000495 | Cash Management Class     |  |
| C000000496 | Institutional Class       |  |
| C000000497 | Personal Investment Class |  |
| C000000498 | Private Investment Class  |  |
| C000000499 | Reserve Class             |  |
| C000000500 | Resource Class            |  |
| C000029703 | Corporate Class           |  |
| C000224183 | CAVU Securities Class     |  |
| C000250407 | Premier Class             |  |

### Invesco Treasury Obligations Portfolio (Series ID: S000000221)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000000502 | Cash Management Class     |  |
| C000000503 | Institutional Class       |  |
| C000000504 | Personal Investment Class |  |
| C000000505 | Private Investment Class  |  |
| C000000506 | Reserve Class             |  |
| C000000507 | Resource Class            |  |
| C000029704 | Corporate Class           |  |

### Invesco Treasury Portfolio (Series ID: S000000224)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000000523 | Cash Management Class     |  |
| C000000524 | Institutional Class       |  |
| C000000525 | Personal Investment Class |  |
| C000000526 | Private Investment Class  |  |
| C000000527 | Reserve Class             |  |
| C000000528 | Resource Class            |  |
| C000029707 | Corporate Class           |  |
| C000224185 | CAVU Securities Class     |  |

?xml version='1.0' encoding='ASCII'? 0265e50e-c6a0-4e11-9507-61383ba0c2b3

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### &nbsp;&nbsp;&nbsp;&nbsp; FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-02729

#### Short-Term Investments Trust
(Exact name of registrant as specified in charter)

------

11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Address of principal executive offices) (Zip code)

Glenn Brightman, Principal Executive Officer

11 Greenway Plaza, Suite 1000

Houston, Texas 77046

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(713) 626-1919

#### Date of fiscal year end:

#### August 31

#### Date of reporting period:

#### February 28, 2026
Item 1. Reports to Stockholders.

(a) The Registrant's semi-annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the "Act") is as follows:

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Institutional Class: AGPXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Institutional Class) | $8 | 0.16% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-INST **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Private Investment Class: GPVXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Private Investment Class) | $23 | 0.46% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-PRV **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Personal Investment Class: AGSXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Personal Investment Class) | $35 | 0.71% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-PER **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Cash Management Class: AGMXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Cash Management Class) | $12 | 0.24% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-CM **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Reserve Class: AGVXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Reserve Class) | $51 | 1.03% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-RSV **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Resource Class: AGOXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Resource Class) | $16 | 0.32% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-RSC **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Corporate Class: AGCXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(Corporate Class) | $10 | 0.19% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-CORP **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### CAVU Securities Class: CVGXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment\*** |
| Invesco Government & Agency Portfolio<br>(CAVU Securities Class) | $8 | 0.16% |

---

*\** **Annualized.** 

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-CAVU **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Government & Agency Portfolio

### Premier Class: AGIXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Government & Agency Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
*(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Government & Agency Portfolio<br>(Premier Class) | $60.12%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$82437437469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;155 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

**Composition by maturity, in days** 

**(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;66.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;18.9% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-GAP-SAR-PMR **Invesco Government & Agency Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Institutional Class: TSPXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Institutional Class) | $90.18%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-INST **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Private Investment Class: TXPXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Private Investment Class) | $220.43%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-PRV **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Personal Investment Class: TSSXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Personal Investment Class) | $360.73%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-PER **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Cash Management Class: TSMXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Cash Management Class) | $130.26%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-CM **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Reserve Class: TSVXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Reserve Class) | $521.05%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-RSV **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Resource Class: TSRXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Resource Class) | $170.34%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-RSC **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Obligations Portfolio

### Corporate Class: TACXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Obligations Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Obligations Portfolio<br> (Corporate Class) | $110.21%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$1374936124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;51 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;4.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;26.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;24.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;19.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;14.1% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TAP-SAR-CORP **Invesco Treasury Obligations Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Institutional Class: TRPXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Institutional Class) | $90.18%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-INST **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Private Investment Class: TPFXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Private Investment Class) | $240.48%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-PRV **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Personal Investment Class: TRSXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Personal Investment Class) | $360.73%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-PER **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Cash Management Class: TRMXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Cash Management Class) | $130.26%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-CM **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Reserve Class: TREXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Reserve Class) | $521.05%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-RSV **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Resource Class: TRRXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Resource Class) | $170.34%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-RSC **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### Corporate Class: TYCXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (Corporate Class) | $110.21%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-CORP **Invesco Treasury Portfolio**

![TSR_logo](images_2685.jpg)

### Invesco Treasury Portfolio

### CAVU Securities Class: CVTXX

#### SEMI-ANNUAL SHAREHOLDER REPORT \| February 28, 2026
This semi-annual shareholder report contains important information about Invesco Treasury Portfolio (the "Fund") for the period September 1, 2025 to February 28, 2026. You can find additional information about the Fund at invesco.com/reports. You can also request this information by contacting us at (800) 959-4246.

### What Were The Fund Costs For The Last Six Months ?
 *(Based on a hypothetical $10,000 investment)*

---

| | |
|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** |
| Invesco Treasury Portfolio<br> (CAVU Securities Class) | $90.18%<sup>†</sup> |

---

---

| | |
|:---|:---|
| *\** | **Annualized.**  |
| **<sup>†</sup>**  | **Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.**  |

---

### What Are Key Statistics About The Fund?
(as of February 28, 2026)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Fund net assets | &nbsp;&nbsp;&nbsp;&nbsp;$39391705521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total number of portfolio holdings | &nbsp;&nbsp;&nbsp;&nbsp;71 |

---

### What Comprised The Fund's Holdings?
(as of February 28, 2026)

 **Composition by maturity, in days** 

 **(% of total investments)\***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1-7 | &nbsp;&nbsp;&nbsp;48.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;8-30 | &nbsp;&nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;31-60 | &nbsp;&nbsp;&nbsp;9.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;61-90 | &nbsp;&nbsp;&nbsp;3.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;91-180 | &nbsp;&nbsp;&nbsp;11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;181+ | &nbsp;&nbsp;&nbsp;21.8% |
| \* The number of days to maturity of each holding is determined in accordance with the provisions of Rule 2a-7 under the Investment Company Act of 1940. |  |

---

### Where Can I Find More Information?
You can find more information about the Fund, including the Fund's prospectus, financial information, and holdings at invesco.com/reports. Additionally, the Fund's proxy voting information can be found at invesco.com/proxy-voting.

### What Should I Know About Delivery Of Important Regulatory Documents?
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please contact Invesco Investment Services, Inc. at (800) 959-4246 or contact your financial institution. We will begin sending you individual copies for each account within 30 days after receiving your request.

![TSR_QRcode](images_2684.jpg)

For additional information, please scan the QR code at the left to navigate to additional material at invesco.com/reports.

CM-STIT-TSY-SAR-CAVU **Invesco Treasury Portfolio**

------

(b) Not applicable.

------

Item 2. Code of Ethics.

Not applicable for a semi-annual report.

------

Item 3. Audit Committee Financial Expert.

Not applicable for a semi-annual report.

------

Item 4. Principal Accountant Fees and Services.

Not applicable for a semi-annual report.

------

Item 5. Audit Committee of Listed Registrants.

Not applicable.

------

Item 6. Investments.

(a) Investments in securities of unaffiliated issuers is filed under Item 7 of this Form N-CSR.

(b) Not applicable.

------

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![](img02263cee1.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Cash Management Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_5d6e5c19-7d8c-4e0a-aed0-0c0f1e6ef325_SOI-Continued-449_1) |
| [16](#xx_5d6e5c19-7d8c-4e0a-aed0-0c0f1e6ef325_FS-Continued-449_1) | Financial Statements |
| [21](#xx_5d6e5c19-7d8c-4e0a-aed0-0c0f1e6ef325_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_5d6e5c19-7d8c-4e0a-aed0-0c0f1e6ef325_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_5d6e5c19-7d8c-4e0a-aed0-0c0f1e6ef325_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Cash Management Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.85<br> %<br>| $342716 | 0.26 %<sup>(c)</sup><br>| 0.29 %<sup>(c)</sup><br>| 3.72 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.39 | 757753 | 0.26 | 0.29 | 4.27 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.28 | 453030 | 0.26 | 0.29 | 5.16 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.29 | 178756 | 0.26 | 0.30 | 4.30 |
| Year ended 08/31/22 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.42 | 394772 | 0.16 | 0.29 | 0.44 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 452222 | 0.10 | 0.29 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.88 | 424465 | 0.24 <br><sup>(c)</sup><br>| 0.24 <br><sup>(c)</sup><br>| 3.76 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.43 | 905162 | 0.24 | 0.24 | 4.32 |
| Year ended 08/31/24 | 1.00 | 0.05 | (0.00)<br>| 0.05 | (0.05)<br>| 1.00 | 5.29 | 712830 | 0.24 | 0.24 | 5.14 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.30 | 635720 | 0.24 | 0.24 | 4.31 |
| Year ended 08/31/22 | 1.00 | 0.01 | (0.01)<br>| 0.00 | (0.00)<br>| 1.00 | 0.47 | 1142406 | 0.15 | 0.24 | 0.50 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 747956 | 0.08 | 0.24 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.84 | 6838 | 0.26 <br><sup>(c)</sup><br>| 0.29 <br><sup>(c)</sup><br>| 3.68 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.33 | 3212 | 0.26 | 0.29 | 4.26 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.23 | 2035 | 0.26 | 0.29 | 5.11 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.17 | 10362 | 0.26 | 0.28 | 4.14 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.40 | 79 | 0.16 | 0.29 | 0.43 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 253 | 0.10 | 0.29 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

------

determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

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**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

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Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](img02263cee1.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-CM

------

![](imge5d48be21.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**CAVU Securities Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_4cd49bd3-0739-4eb2-8144-7c5b413dc238_SOI-Continued-449_1) |
| [14](#xx_4cd49bd3-0739-4eb2-8144-7c5b413dc238_FS-Continued-449_1) | Financial Statements |
| [18](#xx_4cd49bd3-0739-4eb2-8144-7c5b413dc238_FS-Continued-449_5) | Financial Highlights |
| [19](#xx_4cd49bd3-0739-4eb2-8144-7c5b413dc238_NTF-Continued-449_1) | Notes to Financial Statements |
| [25](#xx_4cd49bd3-0739-4eb2-8144-7c5b413dc238_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 |
| Receivable for: |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

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**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>|
| **Investment income:** |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 |
| **Expenses:** |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 |
| Distribution fees: |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

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**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**CAVU Securities Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.89<br> %<br>| $1657988 | 0.18 %<sup>(c)</sup><br>| 0.21 %<sup>(c)</sup><br>| 3.80 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.47 | 2171965 | 0.18 | 0.21 | 4.35 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.37 | 1475629 | 0.18 | 0.21 | 5.24 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.38 | 1265597 | 0.18 | 0.22 | 4.38 |
| Year ended 08/31/22 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.46 | 557217 | 0.13 | 0.21 | 0.47 |
| Period ended 08/31/21<sup>(d)</sup> <br>| 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 547091 | 0.04 <br><sup>(c)</sup><br>| 0.21 <br><sup>(c)</sup><br>| 0.07 <br><sup>(c)</sup><br>|
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.92 | 13347115 | 0.16 <br><sup>(c)</sup><br>| 0.16 <br><sup>(c)</sup><br>| 3.84 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.51 | 10635790 | 0.16 | 0.16 | 4.40 |
| Year ended 08/31/24 | 1.00 | 0.05 | (0.00)<br>| 0.05 | (0.05)<br>| 1.00 | 5.38 | 8040037 | 0.16 | 0.16 | 5.22 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.39 | 12759306 | 0.16 | 0.16 | 4.39 |
| Year ended 08/31/22 | 1.00 | 0.01 | (0.00)<br>| 0.01 | (0.01)<br>| 1.00 | 0.51 | 4851562 | 0.11 | 0.16 | 0.54 |
| Period ended 08/31/21<sup>(d)</sup> <br>| 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 1441853 | 0.04 <br><sup>(c)</sup><br>| 0.16 <br><sup>(c)</sup><br>| 0.06 <br><sup>(c)</sup><br>|

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

<sup>(d)</sup> Commencement date of December 18, 2020.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio and Invesco Government & Agency Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio and Invesco Government & Agency Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**19**

**Short-Term Investments Trust**

------

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

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**20**

**Short-Term Investments Trust**

------

**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Cash <br>Management <br>Class<br>| CAVU <br>Securities <br>Class<br>| Corporate <br>Class<br>| Institutional <br>Class<br>| Personal <br>Investment <br>Class<br>| Premier <br>Class<br>| Private <br>Investment <br>Class<br>| Reserve <br>Class<br>| Resource <br>Class<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

**NOTE 3—Additional Valuation Information**

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.

**21**

**Short-Term Investments Trust**

------

Unobservable inputs reflect the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Short-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**22**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**23**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**24**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**25**

**Short-Term Investments Trust**

------

![](imge5d48be21.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-CAVU

------

![](imgf147e74b1.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Corporate Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_26c75d14-13b4-494e-984a-fe27ff491840_SOI-Continued-449_1) |
| [16](#xx_26c75d14-13b4-494e-984a-fe27ff491840_FS-Continued-449_1) | Financial Statements |
| [21](#xx_26c75d14-13b4-494e-984a-fe27ff491840_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_26c75d14-13b4-494e-984a-fe27ff491840_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_26c75d14-13b4-494e-984a-fe27ff491840_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Corporate Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.88<br> %<br>| $1756525 | 0.21 %<sup>(c)</sup><br>| 0.24 %<sup>(c)</sup><br>| 3.77 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.44 | 1738450 | 0.21 | 0.24 | 4.32 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.33 | 1710081 | 0.21 | 0.24 | 5.21 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.34 | 1562966 | 0.21 | 0.25 | 4.35 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.45 | 473992 | 0.14 | 0.24 | 0.46 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 266548 | 0.10 | 0.24 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.90 | 329259 | 0.19 <br><sup>(c)</sup><br>| 0.19 <br><sup>(c)</sup><br>| 3.81 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.48 | 310836 | 0.19 | 0.19 | 4.37 |
| Year ended 08/31/24 | 1.00 | 0.05 | (0.00)<br>| 0.05 | (0.05)<br>| 1.00 | 5.34 | 253464 | 0.19 | 0.19 | 5.19 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.35 | 295514 | 0.19 | 0.19 | 4.36 |
| Year ended 08/31/22 | 1.00 | 0.01 | (0.01)<br>| 0.00 | (0.00)<br>| 1.00 | 0.49 | 542615 | 0.12 | 0.19 | 0.53 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 1082096 | 0.08 | 0.19 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.87 | 12 | 0.21 <br><sup>(c)</sup><br>| 0.24 <br><sup>(c)</sup><br>| 3.73 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.39 | 12 | 0.21 | 0.24 | 4.31 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.28 | 12 | 0.21 | 0.24 | 5.16 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.22 | 2778 | 0.21 | 0.23 | 4.19 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.42 | 3341 | 0.15 | 0.24 | 0.44 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 5033 | 0.10 | 0.24 | 0.01 |

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<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

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**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

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determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

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**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

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Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](imgf147e74b1.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-CORP

------

![](img8bc605461.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Institutional Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_89694309-e4f9-4c1f-9fe0-d271e235ce58_SOI-Continued-449_1) |
| [16](#xx_89694309-e4f9-4c1f-9fe0-d271e235ce58_FS-Continued-449_1) | Financial Statements |
| [21](#xx_89694309-e4f9-4c1f-9fe0-d271e235ce58_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_89694309-e4f9-4c1f-9fe0-d271e235ce58_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_89694309-e4f9-4c1f-9fe0-d271e235ce58_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Institutional Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**absorbed**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**absorbed**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.89<br> %<br>| $32137662 | 0.18 %<sup>(c)</sup><br>| 0.21 %<sup>(c)</sup><br>| 3.80 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.47 | 34146255 | 0.18 | 0.21 | 4.35 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.37 | 24866992 | 0.18 | 0.21 | 5.24 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.38 | 28835239 | 0.18 | 0.22 | 4.38 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.46 | 21420557 | 0.13 | 0.21 | 0.47 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 17093039 | 0.10 | 0.21 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.92 | 61549258 | 0.16 <br><sup>(c)</sup><br>| 0.16 <br><sup>(c)</sup><br>| 3.84 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.51 | 59099672 | 0.16 | 0.16 | 4.40 |
| Year ended 08/31/24 | 1.00 | 0.05 | (0.00)<br>| 0.05 | (0.05)<br>| 1.00 | 5.38 | 41709789 | 0.16 | 0.16 | 5.22 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.39 | 65659515 | 0.16 | 0.16 | 4.39 |
| Year ended 08/31/22 | 1.00 | 0.01 | (0.00)<br>| 0.01 | (0.01)<br>| 1.00 | 0.51 | 61165375 | 0.11 | 0.16 | 0.54 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.03 | 49464205 | 0.07 | 0.16 | 0.03 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.88 | 1070629 | 0.18 <br><sup>(c)</sup><br>| 0.21 <br><sup>(c)</sup><br>| 3.76 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.42 | 1169059 | 0.18 | 0.21 | 4.34 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.32 | 1283023 | 0.18 | 0.21 | 5.19 |
| Year ended 08/31/23 | 1.00 | 0.04 | (0.00)<br>| 0.04 | (0.04)<br>| 1.00 | 4.25 | 1483132 | 0.18 | 0.20 | 4.22 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.44 | 1102134 | 0.13 | 0.21 | 0.45 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 1063312 | 0.10 | 0.21 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

------

determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

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**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

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Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](img8bc605461.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-INST

------

![](imgc5a4e42f1.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Personal Investment Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_42168404-409b-46f6-bbbf-ff11638004c7_SOI-Continued-449_1) |
| [16](#xx_42168404-409b-46f6-bbbf-ff11638004c7_FS-Continued-449_1) | Financial Statements |
| [21](#xx_42168404-409b-46f6-bbbf-ff11638004c7_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_42168404-409b-46f6-bbbf-ff11638004c7_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_42168404-409b-46f6-bbbf-ff11638004c7_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Personal Investment Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.62<br> %<br>| $1261002 | 0.73 %<sup>(c)</sup><br>| 0.76 %<sup>(c)</sup><br>| 3.25 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.90 | 1248784 | 0.73 | 0.76 | 3.80 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 4.79 | 1041215 | 0.73 | 0.76 | 4.69 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.81 | 847631 | 0.73 | 0.77 | 3.83 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.26 | 580831 | 0.36 | 0.76 | 0.24 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 265106 | 0.10 | 0.76 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.64 | 90367 | 0.71 <br><sup>(c)</sup><br>| 0.71 <br><sup>(c)</sup><br>| 3.29 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.94 | 116602 | 0.71 | 0.71 | 3.85 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 4.80 | 101401 | 0.71 | 0.71 | 4.67 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.81 | 86709 | 0.71 | 0.71 | 3.84 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.29 | 39333 | 0.44 | 0.71 | 0.21 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 9360 | 0.08 | 0.71 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.61 | 122 | 0.73 <br><sup>(c)</sup><br>| 0.76 <br><sup>(c)</sup><br>| 3.21 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.86 | 12 | 0.73 | 0.76 | 3.80 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 4.75 | 12 | 0.73 | 0.76 | 4.64 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.68 | 11 | 0.73 | 0.75 | 3.67 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.23 | 12718 | 0.42 | 0.76 | 0.17 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 3813 | 0.10 | 0.76 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

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**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

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determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

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**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

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Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](imgc5a4e42f1.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-PER

------

![](img65d400641.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Premier Class**

**Short-Term Investments Trust (STIT)**

Invesco Government & Agency Portfolio

------

---

| | |
|:---|:---|
| [2](#xx_421fafaa-1d8d-4d69-87a4-2c71f5e8be57_SOI-Continued_1) | Schedule of Investments |
| [10](#xx_421fafaa-1d8d-4d69-87a4-2c71f5e8be57_FS-Continued_1) | Financial Statements |
| [14](#xx_421fafaa-1d8d-4d69-87a4-2c71f5e8be57_FS-Continued_5) | Financial Highlights |
| [15](#xx_421fafaa-1d8d-4d69-87a4-2c71f5e8be57_NTF-Continued_1) | Notes to Financial Statements |
| [20](#xx_421fafaa-1d8d-4d69-87a4-2c71f5e8be57_OIRSR-Continued-449_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Statement of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | |
|:---|:---|
| **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; 24773891399 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 55746572782 |
| Cash | &nbsp;&nbsp; 2533197236 |
| Receivable for: |  |
| Fund shares sold | &nbsp;&nbsp; 11527797 |
| Interest | &nbsp;&nbsp; 404773004 |
| Fund expenses absorbed | &nbsp;&nbsp; 60114 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 1024780 |
| Other assets | &nbsp;&nbsp; 127182 |
| Total assets | &nbsp;&nbsp; 83471174294 |
| **Liabilities:** | **Liabilities:** |
| Payable for: |  |
| Investments purchased | &nbsp;&nbsp; 897203810 |
| Fund shares reacquired | &nbsp;&nbsp; 4830111 |
| Dividends | &nbsp;&nbsp; 117733178 |
| Accrued fees to affiliates | &nbsp;&nbsp; 12501883 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 65990 |
| Accrued operating expenses | &nbsp;&nbsp; 265437 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 1136416 |
| Total liabilities | &nbsp;&nbsp; 1033736825 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; 82437437469 |
| **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; 82453617268 |
| Distributable earnings (loss) | &nbsp;&nbsp; (16179799)<br>|
|  | &nbsp;&nbsp; 82437437469 |
| **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; 424464720 |
| CAVU Securities Class | &nbsp;&nbsp; 13347114881 |
| Corporate Class | &nbsp;&nbsp; 329258645 |
| Institutional Class | &nbsp;&nbsp; 61549257677 |
| Personal Investment Class | &nbsp;&nbsp; 90366779 |
| Premier Class | &nbsp;&nbsp; 2761322817 |
| Private Investment Class | &nbsp;&nbsp; 1029421535 |
| Reserve Class | &nbsp;&nbsp; 2723845629 |
| Resource Class | &nbsp;&nbsp; 182384786 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Statement of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | |
|:---|:---|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 424577816 |
| CAVU Securities Class | &nbsp;&nbsp; 13350117206 |
| Corporate Class | &nbsp;&nbsp; 329296175 |
| Institutional Class | &nbsp;&nbsp; 61561369632 |
| Personal Investment Class | &nbsp;&nbsp; 90389447 |
| Premier Class | &nbsp;&nbsp; 2761729869 |
| Private Investment Class | &nbsp;&nbsp; 1029650047 |
| Reserve Class | &nbsp;&nbsp; 2723958908 |
| Resource Class | &nbsp;&nbsp; 182414879 |
| Net asset value, offering and redemption price per share for each class | 1.00 |
| Cost of Investments | &nbsp;&nbsp; 80520464181 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Statement of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | |
|:---|:---|
| **Investment income:** |  |
| Interest | &nbsp;&nbsp; $1519117849 |
| **Expenses:** |  |
| Advisory fees | &nbsp;&nbsp; 38023196 |
| Administrative services fees | &nbsp;&nbsp; 16698934 |
| Custodian fees | &nbsp;&nbsp; 373096 |
| Distribution fees: |  |
| Cash Management Class | &nbsp;&nbsp; 257518 |
| Corporate Class | &nbsp;&nbsp; 36647 |
| Personal Investment Class | &nbsp;&nbsp; 277771 |
| Private Investment Class | &nbsp;&nbsp; 1612800 |
| Reserve Class | &nbsp;&nbsp; 3486467 |
| Resource Class | &nbsp;&nbsp; 136295 |
| Transfer agent fees | &nbsp;&nbsp; 3422462 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 300745 |
| Registration and filing fees | &nbsp;&nbsp; 319374 |
| Reports to shareholders | &nbsp;&nbsp; 35374 |
| Professional services fees | &nbsp;&nbsp; 204397 |
| Other | &nbsp;&nbsp; 442211 |
| Total expenses | &nbsp;&nbsp; 65627287 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (422377)<br>|
| Net expenses | &nbsp;&nbsp; 65204910 |
| Net investment income | &nbsp;&nbsp; 1453912939 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1041821 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $1454954760 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Statement of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase in net assets resulting from share transactions | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase in net assets | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Fund outstanding throughout the periods indicated.

**Premier Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**on securities** <br>**(realized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.94<br> %<br>| $2761323 | 0.12 %<sup>(c)</sup><br>| 0.16 %<sup>(c)</sup><br>| 3.88 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.55 | 1286922 | 0.12 | 0.16 | 4.44 |
| Period ended 08/31/24<sup>(d)</sup> <br>| 1.00 | 0.01 | (0.00)<br>| 0.01 | (0.01)<br>| 1.00 | 1.24 | 1071639 | 0.12 <br><sup>(c)</sup><br>| 0.17 <br><sup>(c)</sup><br>| 5.26 <br><sup>(c)</sup><br>|

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

<sup>(d)</sup> Commencement date of June 7, 2024

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Fund covered in this report is Invesco Government & Agency Portfolio (the "Fund"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Fund. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of the Fund is to provide current income consistent with preservation of capital and liquidity.

The Fund currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class.

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

The Fund is a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule") and seeks to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject the Fund to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Fund in the preparation of its financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Fund to declare dividends from net investment income, if any, daily and pay them monthly. The Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds'

**15**

**Short-Term Investments Trust**

------

taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Fund's financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of the Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses are allocated among the classes based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts, including the Fund's servicing agreements, that contain a variety of indemnification clauses. The Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — The Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Fund's chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within the Fund. The CODM monitors the operating results as a whole, and the Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Fund's financial statements.

**J.** **Repurchase Agreements -** The Fund may enter into repurchase agreements. Collateral on repurchase agreements, including the Fund's pro-rata interest in joint repurchase agreements, is taken into possession by the Fund upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Fund might incur expenses in enforcing its rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, the Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on the Fund's average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for the Fund was equivalent to the annual effective rate of the Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

**16**

**Short-Term Investments Trust**

------

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for the Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Cash <br>Management <br>Class<br>| CAVU <br>Securities <br>Class<br>| Corporate <br>Class<br>| Institutional <br>Class<br>| Personal <br>Investment <br>Class<br>| Premier <br>Class<br>| Private <br>Investment <br>Class<br>| Reserve <br>Class<br>| Resource <br>Class<br>|
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for the Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $422377 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which the Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to the Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statement of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Fund. Pursuant to a custody agreement with the Trust on behalf of the Fund, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which the Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to the Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statement of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of the Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). The Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of the Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of the Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of the Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

**17**

**Short-Term Investments Trust**

------

As of February 28, 2026, all of the securities in the Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by the Fund to pay remuneration to certain Trustees and Officers of the Fund. Trustees have the option to defer compensation payable by the Fund, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by the Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Fund may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by the Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Fund.

**NOTE 5—Cash Balances**

The Fund is permitted to temporarily overdraft or leave balances in its account with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statement of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Fund for such activity, the Fund may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Fund can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to the Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at the Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Fund to utilize. The ability to utilize capital loss carryforward in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

The Fund had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Short-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**18**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**19**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**20**

**Short-Term Investments Trust**

------

![](img65d400641.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-PMR

------

![](imge57ae4871.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Private Investment Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_5cbed738-7175-4b79-8ff6-bb123c7e8aa1_SOI-Continued-449_1) |
| [16](#xx_5cbed738-7175-4b79-8ff6-bb123c7e8aa1_FS-Continued-449_1) | Financial Statements |
| [21](#xx_5cbed738-7175-4b79-8ff6-bb123c7e8aa1_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_5cbed738-7175-4b79-8ff6-bb123c7e8aa1_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_5cbed738-7175-4b79-8ff6-bb123c7e8aa1_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Private Investment Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.74<br> %<br>| $1640643 | 0.48 %<sup>(c)</sup><br>| 0.51 %<sup>(c)</sup><br>| 3.50 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.16 | 1538729 | 0.48 | 0.51 | 4.05 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.05 | 1274163 | 0.48 | 0.51 | 4.94 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.06 | 1087038 | 0.48 | 0.52 | 4.08 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.34 | 381789 | 0.26 | 0.51 | 0.34 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 303848 | 0.10 | 0.51 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.77 | 1029422 | 0.46 <br><sup>(c)</sup><br>| 0.46 <br><sup>(c)</sup><br>| 3.54 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.20 | 1156961 | 0.46 | 0.46 | 4.10 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.06 | 1348259 | 0.46 | 0.46 | 4.92 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.07 | 972195 | 0.46 | 0.46 | 4.09 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.37 | 577941 | 0.25 | 0.46 | 0.40 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 505970 | 0.08 | 0.46 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.76 | 149878 | 0.43 <br><sup>(c)</sup><br>| 0.46 <br><sup>(c)</sup><br>| 3.51 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.16 | 110469 | 0.43 | 0.46 | 4.09 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.05 | 49747 | 0.43 | 0.46 | 4.94 |
| Year ended 08/31/23 | 1.00 | 0.04 | (0.00)<br>| 0.04 | (0.04)<br>| 1.00 | 3.99 | 24057 | 0.43 | 0.45 | 3.97 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.33 | 14565 | 0.25 | 0.46 | 0.34 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 14645 | 0.10 | 0.46 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

------

determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

------

**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

------

Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](imge57ae4871.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-PRV

------

![](img91d771031.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Reserve Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_4a292625-4058-4645-a726-3a8639cdb10d_SOI-Continued-449_1) |
| [16](#xx_4a292625-4058-4645-a726-3a8639cdb10d_FS-Continued-449_1) | Financial Statements |
| [21](#xx_4a292625-4058-4645-a726-3a8639cdb10d_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_4a292625-4058-4645-a726-3a8639cdb10d_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_4a292625-4058-4645-a726-3a8639cdb10d_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Reserve Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**on securities** <br>**(realized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.01 | $0.00 | $0.01 | $(0.01)<br>| $1.00 | 1.46<br> %<br>| $567567 | 1.05 %<sup>(c)</sup><br>| 1.08 %<sup>(c)</sup><br>| 2.93 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.57 | 581765 | 1.05 | 1.08 | 3.48 |
| Year ended 08/31/24 | 1.00 | 0.04 | (0.00)<br>| 0.04 | (0.04)<br>| 1.00 | 4.46 | 522708 | 1.05 | 1.08 | 4.37 |
| Year ended 08/31/23 | 1.00 | 0.03 | 0.00 | 0.03 | (0.03)<br>| 1.00 | 3.47 | 616192 | 1.05 | 1.09 | 3.51 |
| Year ended 08/31/22 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.19 | 987384 | 0.39 | 1.08 | 0.21 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 867767 | 0.10 | 1.08 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.01 | 0.00 | 0.01 | (0.01)<br>| 1.00 | 1.48 | 2723846 | 1.03 <br><sup>(c)</sup><br>| 1.03 <br><sup>(c)</sup><br>| 2.97 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 3.61 | 432937 | 1.03 | 1.03 | 3.53 |
| Year ended 08/31/24 | 1.00 | 0.04 | (0.00)<br>| 0.04 | (0.04)<br>| 1.00 | 4.47 | 529135 | 1.03 | 1.03 | 4.35 |
| Year ended 08/31/23 | 1.00 | 0.03 | 0.00 | 0.03 | (0.03)<br>| 1.00 | 3.48 | 442229 | 1.03 | 1.03 | 3.52 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.21 | 598751 | 0.42 | 1.03 | 0.23 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 408500 | 0.08 | 1.03 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.01 | 0.00 | 0.01 | (0.01)<br>| 1.00 | 1.44 | 138295 | 1.05 <br><sup>(c)</sup><br>| 1.08 <br><sup>(c)</sup><br>| 2.89 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.03 | 0.00 | 0.03 | (0.03)<br>| 1.00 | 3.52 | 99951 | 1.05 | 1.08 | 3.47 |
| Year ended 08/31/24 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.41 | 128794 | 1.05 | 1.08 | 4.32 |
| Year ended 08/31/23 | 1.00 | 0.03 | (0.00)<br>| 0.03 | (0.03)<br>| 1.00 | 3.35 | 73984 | 1.05 | 1.07 | 3.35 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| (0.00)<br>| (0.00)<br>| 1.00 | 0.16 | 42147 | 0.35 | 1.08 | 0.24 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 74495 | 0.10 | 1.08 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

------

determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

------

**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

------

Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](img91d771031.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-RSV

------

![](img54780d241.jpg)

------

**Semi-Annual Financial Statements and Other Information**

**February 28, 2026**

**Resource Class**

**Short-Term Investments Trust (STIT)**

Invesco Treasury Portfolio

Invesco Government & Agency Portfolio

Invesco Treasury Obligations Portfolio

------

---

| | |
|:---|:---|
| 2 | [Schedules of Investments](#xx_ba3be088-8c42-406a-9764-f2795a69a707_SOI-Continued-449_1) |
| [16](#xx_ba3be088-8c42-406a-9764-f2795a69a707_FS-Continued-449_1) | Financial Statements |
| [21](#xx_ba3be088-8c42-406a-9764-f2795a69a707_FS-Continued-449_6) | Financial Highlights |
| [22](#xx_ba3be088-8c42-406a-9764-f2795a69a707_NTF-Continued-449_1) | Notes to Financial Statements |
| [30](#xx_ba3be088-8c42-406a-9764-f2795a69a707_OIRSR-Continued-566_1) | Other Information Required in Form N-CSR (Items 8-11)  |

---

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** | **U.S. Treasury Securities-48.40%** |
| **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> | **U.S. Treasury Bills-22.75%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.56% | 03/10/2026 | $300000 | &nbsp;&nbsp; $299734500 |
| U.S. Treasury Bills | 3.61% | 03/12/2026 | 125000 | &nbsp;&nbsp; 124863264 |
| U.S. Treasury Bills | 4.11%-4.13% | 03/19/2026 | 504000 | &nbsp;&nbsp; 503004260 |
| U.S. Treasury Bills | 3.59%-3.65% | 03/26/2026 | 630000 | &nbsp;&nbsp; 628424271 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 350000 | &nbsp;&nbsp; 348867555 |
| U.S. Treasury Bills | 3.59%-3.67% | 04/07/2026 | 750000 | &nbsp;&nbsp; 747231424 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 | 1750000 | &nbsp;&nbsp; 1742254163 |
| U.S. Treasury Bills | 3.60% | 04/16/2026 | 1000000 | &nbsp;&nbsp; 995438331 |
| U.S. Treasury Bills | 3.55% | 05/12/2026 | 600000 | &nbsp;&nbsp; 595788000 |
| U.S. Treasury Bills | 3.65%-4.13% | 05/14/2026 | 731000 | &nbsp;&nbsp; 725277056 |
| U.S. Treasury Bills | 4.08% | 06/11/2026 | 200000 | &nbsp;&nbsp; 197767050 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 750000 | &nbsp;&nbsp; 741986146 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 200000 | &nbsp;&nbsp; 197723167 |
| U.S. Treasury Bills | 4.08%-4.11% | 07/09/2026 | 780000 | &nbsp;&nbsp; 768903128 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 350000 | &nbsp;&nbsp; 344147224 |
|  |  |  |  | &nbsp;&nbsp; 8961409539 |
| **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** | **U.S. Treasury Floating Rate Notes-14.23%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.18%)<sup>(b)</sup> <br>| 3.83% | 07/31/2026 | 360000 | &nbsp;&nbsp; 360060708 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 713000 | &nbsp;&nbsp; 713337292 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 332000 | &nbsp;&nbsp; 331975270 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 | 1850000 | &nbsp;&nbsp; 1850241021 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 | 850000 | &nbsp;&nbsp; 850000002 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 | 500000 | &nbsp;&nbsp; 500404520 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 | 999000 | &nbsp;&nbsp; 999021149 |
|  |  |  |  | &nbsp;&nbsp; 5605039962 |
| **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** | **U.S. Treasury Notes-11.42%** |
| U.S. Treasury Notes | 0.75% | 05/31/2026 | 250000 | &nbsp;&nbsp; 248200045 |
| U.S. Treasury Notes | 4.88% | 05/31/2026 | 250000 | &nbsp;&nbsp; 250545461 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 | 250000 | &nbsp;&nbsp; 250125576 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 | 200000 | &nbsp;&nbsp; 200272523 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 | 200000 | &nbsp;&nbsp; 200224486 |
| U.S. Treasury Notes | 0.75% | 08/31/2026 | 535000 | &nbsp;&nbsp; 527484833 |
| U.S. Treasury Notes | 3.75% | 08/31/2026 | 250000 | &nbsp;&nbsp; 250138805 |
| U.S. Treasury Notes | 4.63% | 09/15/2026 | 900000 | &nbsp;&nbsp; 904751530 |
| U.S. Treasury Notes | 3.50% | 09/30/2026 | 250000 | &nbsp;&nbsp; 249806113 |
| U.S. Treasury Notes | 4.13% | 10/31/2026 | 500000 | &nbsp;&nbsp; 501599031 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 | 610000 | &nbsp;&nbsp; 614217585 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**2**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** | **U.S. Treasury Notes-(continued)** |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | $300000 | &nbsp;&nbsp; $301179525 |
|  |  |  |  |  | &nbsp;&nbsp; 4498545513 |
| Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) | Total U.S. Treasury Securities (Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-48.40% <br>(Cost $19,064,995,014) |  | &nbsp;&nbsp; 19064995014 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  | **Repurchase Agreements-51.70%**<sup>(c)</sup>  |
| ABN AMRO Bank N.V., agreement dated 02/27/2026, maturing value of <br> $500,152,917 (collateralized by U.S. Treasury obligations valued at <br> $510,000,030; 0.38% - 4.88%; 12/15/2026 - 11/15/2035)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(d)</sup> <br>| 3.68% | 03/09/2026 |  | 250357778 | &nbsp;&nbsp; 250000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 300215250 | &nbsp;&nbsp; 300000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(d)(e)</sup> <br>| 3.76% | 03/02/2026 |  | 1055330567 | &nbsp;&nbsp; 1055000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.88% | 07/20/2026 |  | 1129237578 | &nbsp;&nbsp; 1090000000 |
| BNP Paribas Securities Corp., term agreement dated 07/10/2025, maturing value <br> of $1,400,439,250 (collateralized by U.S. Treasury obligations valued at <br> $1,428,000,011; 3.63% - 4.50%; 04/30/2027 - 08/15/2035)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 1400439250 | &nbsp;&nbsp; 1400000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(d)(e)</sup> <br>| 3.77% | 03/02/2026 |  | 550172792 | &nbsp;&nbsp; 550000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $100,030,000 (collateralized by U.S. Treasury obligations valued at <br> $102,000,052; 1.75% - 4.38%; 06/30/2031 - 07/15/2034)<br>| 3.60% | 03/02/2026 |  | 100030000 | &nbsp;&nbsp; 100000000 |
| Citigroup Global Markets, Inc., agreement dated 02/27/2026, maturing value of <br> $500,152,500 (collateralized by U.S. Treasury obligations valued at <br> $510,000,083; 0.13% - 4.50%; 05/31/2029 - 05/31/2032)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $259,959,444 (collateralized by U.S. Treasury obligations valued at <br> $255,000,029; 0.75% - 5.00%; 05/31/2029 - 11/15/2045)<br>| 3.94% | 08/10/2026 |  | 259959444 | &nbsp;&nbsp; 250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(d)</sup> <br>| 3.67% | 03/09/2026 |  | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,025; 2.88% - <br> 4.63%; 06/15/2027 - 05/31/2030)<br>| 3.67% | 03/02/2026 |  | 500152917 | &nbsp;&nbsp; 500000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**3**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | $750229375 | &nbsp;&nbsp; $750000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by U.S. Treasury obligations <br> valued at $127,500,072; 2.75% - 3.75%; - 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 185018860 | &nbsp;&nbsp; 185000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(f)</sup> <br>| 3.67% | 07/01/2026 | 190019369 | &nbsp;&nbsp; 190000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(f)</sup> <br>| 3.68% | 07/01/2026 | 200020444 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(f)</sup> <br>| 3.65% | 03/03/2026 | 600060833 | &nbsp;&nbsp; 600000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(f)</sup> <br>| 3.71% | 03/12/2026 | 300030917 | &nbsp;&nbsp; 300000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(g)</sup> <br>| 3.72% | 03/16/2026 | 300093000 | &nbsp;&nbsp; 300000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 100072345 | &nbsp;&nbsp; 100000400 |
| Mitsubishi UFJ Trust & Banking Corp., agreement dated 02/27/2026, maturing <br> value of $750,229,375 (collateralized by U.S. Treasury obligations valued at <br> $765,000,011; 0.00% - 5.00%; 02/28/2026 - 05/15/2051)<br>| 3.67% | 03/02/2026 | 750229375 | &nbsp;&nbsp; 750000000 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 545205522 | &nbsp;&nbsp; 544812500 |
| Prudential Legacy Insurance Company of New Jersey, agreement dated <br> 02/27/2026, maturing value of $851,038,405 (collateralized by <br> U.S. Treasury obligations valued at $868,139,053; 0.00% - 4.75%; <br> 06/30/2030 - 05/15/2054)<br>| 3.68% | 03/02/2026 | 851038405 | &nbsp;&nbsp; 850777500 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/27/2026 | 300412450 | &nbsp;&nbsp; 290000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**4**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.83% | 08/26/2026 |  | $306424039 | &nbsp;&nbsp; $295000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/27/2025, <br> aggregate maturing value of $831,486,425 (collateralized by U.S. Treasury <br> obligations valued at $835,437,338; 0.00% - 6.63%; 04/16/2026 - <br> 02/15/2056)<sup>(d)</sup> <br>| 3.87% | 07/24/2026 |  | 426615700 | &nbsp;&nbsp; 412000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 |  | 1090195943 | &nbsp;&nbsp; 1089862627 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(d)</sup> <br>| 3.65% | 06/22/2026 |  | 703991667 | &nbsp;&nbsp; 690000000 |
| Societe Generale, term agreement dated 02/24/2026, maturing value of <br> $500,355,833 (collateralized by U.S. Treasury obligations valued at <br> $510,000,046; 3.38% - 4.50%; 12/31/2031 - 08/15/2042)<br>| 3.66% | 03/03/2026 |  | 500355833 | &nbsp;&nbsp; 500000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,750,533,750 (collateralized by U.S. Treasury <br> obligations valued at $1,785,544,447; 0.00% - 5.00%; 02/28/2026 - <br> 02/15/2055)<br>| 3.66% | 03/02/2026 |  | 1137065945 | &nbsp;&nbsp; 1136719246 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 904618596 | &nbsp;&nbsp; 904335238 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 909302833 | &nbsp;&nbsp; 909207619 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 500152500 | &nbsp;&nbsp; 500000000 |
| Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) | Total Repurchase Agreements (Cost $20,367,715,130) |  | &nbsp;&nbsp; 20367715130 |
| TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) | TOTAL INVESTMENTS IN SECURITIES-100.10% (Cost $39,432,710,144) |  | &nbsp;&nbsp; 39432710144 |
| OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% | OTHER ASSETS LESS LIABILITIES-(0.10)% |  | &nbsp;&nbsp; (41004623)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $39391705521 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

<sup>(c)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(d)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(e)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(f)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**5**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** | **U.S. Government Sponsored Agency Securities-13.52%** |
| **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** | **Federal Farm Credit Bank (FFCB)-10.39%** |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 03/05/2026 | $28000 | &nbsp;&nbsp; $28000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/26/2026 | 107000 | &nbsp;&nbsp; 107000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 | 175000 | &nbsp;&nbsp; 175000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/09/2026 | 192000 | &nbsp;&nbsp; 192009976 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/25/2026 | 456000 | &nbsp;&nbsp; 456000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2026 | 465000 | &nbsp;&nbsp; 465000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/06/2026 | 47000 | &nbsp;&nbsp; 47000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/02/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.15%)<sup>(a)</sup> <br>| 3.83% | 11/13/2026 | 147500 | &nbsp;&nbsp; 147527137 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/23/2026 | 197000 | &nbsp;&nbsp; 197000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/02/2026 | 186000 | &nbsp;&nbsp; 186000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 12/07/2026 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/09/2026 | 204000 | &nbsp;&nbsp; 204000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/30/2026 | 19000 | &nbsp;&nbsp; 19000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/24/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 03/26/2027 | 687000 | &nbsp;&nbsp; 687000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/02/2027 | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 04/09/2027 | 65000 | &nbsp;&nbsp; 65000000 |
| Federal Farm Credit Bank (SOFR + 0.05%)<sup>(a)</sup> <br>| 3.73% | 04/19/2027 | 90000 | &nbsp;&nbsp; 90000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 05/12/2027 | 80000 | &nbsp;&nbsp; 80000000 |
| Federal Farm Credit Bank (SOFR + 0.06%)<sup>(a)</sup> <br>| 3.74% | 06/23/2027 | 110000 | &nbsp;&nbsp; 110000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/29/2027 | 55000 | &nbsp;&nbsp; 55000000 |
| Federal Farm Credit Bank (SOFR + 0.07%)<sup>(a)</sup> <br>| 3.75% | 07/09/2027 | 96000 | &nbsp;&nbsp; 96000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/21/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/27/2027 | 430000 | &nbsp;&nbsp; 430000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/30/2027 | 520000 | &nbsp;&nbsp; 520000000 |
| Federal Farm Credit Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 08/05/2027 | 105000 | &nbsp;&nbsp; 105000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 | 124000 | &nbsp;&nbsp; 124000000 |
| Federal Farm Credit Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/27/2027 | 435000 | &nbsp;&nbsp; 435000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/02/2027 | 100000 | &nbsp;&nbsp; 100000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/10/2027 | 110500 | &nbsp;&nbsp; 110497486 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/22/2027 | 550000 | &nbsp;&nbsp; 550000000 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 09/24/2027 | 36000 | &nbsp;&nbsp; 35997398 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 09/28/2027 | 39000 | &nbsp;&nbsp; 39000000 |
| Federal Farm Credit Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/01/2027 | 88000 | &nbsp;&nbsp; 88003644 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 10/08/2027 | 72300 | &nbsp;&nbsp; 72309270 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 10/22/2027 | 150000 | &nbsp;&nbsp; 150000000 |
| Federal Farm Credit Bank (SOFR + 0.42%)<sup>(a)</sup> <br>| 4.10% | 10/25/2027 | 12850 | &nbsp;&nbsp; 12906742 |
| Federal Farm Credit Bank (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 11/03/2027 | 210000 | &nbsp;&nbsp; 210000000 |
| Federal Farm Credit Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 11/12/2027 | 382325 | &nbsp;&nbsp; 383165274 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 11/23/2027 | 85000 | &nbsp;&nbsp; 85000000 |
| Federal Farm Credit Bank (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 12/01/2027 | 470000 | &nbsp;&nbsp; 470000000 |
| Federal Farm Credit Bank (SOFR + 0.45%)<sup>(a)</sup> <br>| 4.13% | 12/27/2027 | 30000 | &nbsp;&nbsp; 30190920 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 01/03/2028 | 68000 | &nbsp;&nbsp; 68000000 |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/12/2028 | 260000 | &nbsp;&nbsp; 260000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**6**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** | **Federal Farm Credit Bank (FFCB)-(continued)** |
| Federal Farm Credit Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/20/2028 |  | $54000 | &nbsp;&nbsp; $54000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 34000 | &nbsp;&nbsp; 34000000 |
| Federal Farm Credit Bank (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/17/2028 |  | 53000 | &nbsp;&nbsp; 53000000 |
| Federal Home Loan Bank (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/14/2028 |  | 100000 | &nbsp;&nbsp; 100000000 |
|  |  |  |  |  | &nbsp;&nbsp; 8564607847 |
| **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** | **Federal Home Loan Bank (FHLB)-3.06%** |
| Federal Home Loan Bank<sup>(b)</sup> <br>| 4.00% | 03/06/2026 |  | 475000 | &nbsp;&nbsp; 474742049 |
| Federal Home Loan Bank (SOFR + 0.25%)<sup>(a)</sup> <br>| 3.93% | 03/27/2026 |  | 35000 | &nbsp;&nbsp; 35003767 |
| Federal Home Loan Bank (SOFR)<sup>(a)</sup> <br>| 3.68% | 06/10/2026 |  | 850000 | &nbsp;&nbsp; 850000000 |
| Federal Home Loan Bank (SOFR + 0.01%)<sup>(a)</sup> <br>| 3.69% | 07/10/2026 |  | 500000 | &nbsp;&nbsp; 500000000 |
| Federal Home Loan Bank (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/24/2026 |  | 193000 | &nbsp;&nbsp; 193000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/16/2027 |  | 144000 | &nbsp;&nbsp; 144000000 |
| Federal Home Loan Bank (SOFR + 0.11%)<sup>(a)</sup> <br>| 3.79% | 07/19/2027 |  | 205000 | &nbsp;&nbsp; 205000000 |
| Federal Home Loan Bank (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 07/29/2027 |  | 123000 | &nbsp;&nbsp; 123000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2524745816 |
| **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> | **U.S. International Development Finance Corp. (DFC)-0.07%**<sup>(c)</sup> |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 07/09/2026 |  | 2550 | &nbsp;&nbsp; 2550000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 09/15/2026 |  | 750 | &nbsp;&nbsp; 750000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.94% | 09/15/2026 |  | 1250 | &nbsp;&nbsp; 1250000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 11/15/2028 |  | 25000 | &nbsp;&nbsp; 25000001 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.83% | 05/15/2030 |  | 4472 | &nbsp;&nbsp; 4472000 |
| U.S. International Development Finance Corp. VRD Bonds (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 10/15/2030 |  | 4222 | &nbsp;&nbsp; 4222222 |
| U.S. International Development Finance Corp. VRD Notes (3 mo. U.S. Treasury Bill <br> Rate)<br>| 3.82% | 03/15/2030 |  | 19125 | &nbsp;&nbsp; 19125000 |
|  |  |  |  |  | &nbsp;&nbsp; 57369223 |
| Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) | Total U.S. Government Sponsored Agency Securities (Cost $11,146,722,886) |  | &nbsp;&nbsp; 11146722886 |
| **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** | **U.S. Treasury Securities-9.26%** |
| **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> | **U.S. Treasury Bills-7.98%**<sup>(b)</sup> |
| U.S. Treasury Bills | 4.12% | 03/19/2026 |  | 370000 | &nbsp;&nbsp; 369268325 |
| U.S. Treasury Bills | 3.65% | 04/14/2026 |  | 1600000 | &nbsp;&nbsp; 1592901329 |
| U.S. Treasury Bills | 3.64% | 05/14/2026 |  | 275000 | &nbsp;&nbsp; 272960873 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 |  | 600000 | &nbsp;&nbsp; 593588918 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 |  | 560000 | &nbsp;&nbsp; 553624868 |
| U.S. Treasury Bills | 4.07%-4.12% | 07/09/2026 |  | 1335000 | &nbsp;&nbsp; 1316031700 |
| U.S. Treasury Bills | 3.91% | 08/06/2026 |  | 495000 | &nbsp;&nbsp; 486823357 |
| U.S. Treasury Bills | 3.58% | 08/13/2026 |  | 1000000 | &nbsp;&nbsp; 983866632 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 |  | 417020 | &nbsp;&nbsp; 410046501 |
|  |  |  |  |  | &nbsp;&nbsp; 6579112503 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**7**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** | **U.S. Treasury Floating Rate Notes-0.18%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate <br> + 0.16%)<sup>(a)</sup> <br>| 3.80% | 04/30/2027 |  | $150000 | &nbsp;&nbsp; $150024402 |
| **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** | **U.S. Treasury Notes-1.10%** |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 350000 | &nbsp;&nbsp; 350785791 |
| U.S. Treasury Notes | 4.13% | 02/28/2027 |  | 550000 | &nbsp;&nbsp; 553089455 |
|  |  |  |  |  | &nbsp;&nbsp; 903875246 |
| Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) | Total U.S. Treasury Securities (Cost $7,633,012,151) |  | &nbsp;&nbsp; 7633012151 |
| **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** | **U.S. Government Sponsored Agency Mortgage-Backed Securities-7.27%** |
| **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** | **Federal Home Loan Mortgage Corp. (FHLMC)-3.38%** |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/04/2026 |  | 296000 | &nbsp;&nbsp; 296000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/23/2026 |  | 263625 | &nbsp;&nbsp; 263626650 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/16/2026 |  | 7000 | &nbsp;&nbsp; 7000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/29/2026 |  | 82000 | &nbsp;&nbsp; 82000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 04/23/2027 |  | 586000 | &nbsp;&nbsp; 586000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/16/2027 |  | 265000 | &nbsp;&nbsp; 264948589 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.12%)<sup>(a)</sup> <br>| 3.80% | 08/11/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.13%)<sup>(a)</sup> <br>| 3.81% | 08/25/2027 |  | 185000 | &nbsp;&nbsp; 185050801 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/22/2027 |  | 250000 | &nbsp;&nbsp; 250000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/06/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
| Federal Home Loan Mortgage Corp. (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/14/2027 |  | 300000 | &nbsp;&nbsp; 300000000 |
|  |  |  |  |  | &nbsp;&nbsp; 2784626040 |
| **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** | **Federal National Mortgage Association (FNMA)-3.89%** |
| Federal National Mortgage Association (SOFR + 0.10%)<sup>(a)</sup> <br>| 3.78% | 06/18/2026 |  | 170000 | &nbsp;&nbsp; 170000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 08/21/2026 |  | 403000 | &nbsp;&nbsp; 403000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 09/11/2026 |  | 143000 | &nbsp;&nbsp; 143000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 10/23/2026 |  | 103000 | &nbsp;&nbsp; 103000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 11/20/2026 |  | 105000 | &nbsp;&nbsp; 105000000 |
| Federal National Mortgage Association (SOFR + 0.14%)<sup>(a)</sup> <br>| 3.82% | 12/11/2026 |  | 831250 | &nbsp;&nbsp; 831250000 |
| Federal National Mortgage Association (SOFR + 0.26%)<sup>(a)</sup> <br>| 3.94% | 11/05/2027 |  | 336015 | &nbsp;&nbsp; 336765723 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 12/22/2027 |  | 127500 | &nbsp;&nbsp; 127514599 |
| Federal National Mortgage Association (SOFR + 0.08%)<sup>(a)</sup> <br>| 3.76% | 01/07/2028 |  | 375000 | &nbsp;&nbsp; 375000000 |
| Federal National Mortgage Association (SOFR + 0.09%)<sup>(a)</sup> <br>| 3.77% | 02/02/2028 |  | 615000 | &nbsp;&nbsp; 615000000 |
|  |  |  |  |  | &nbsp;&nbsp; 3209530322 |
| Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) | Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $5,994,156,362) |  | &nbsp;&nbsp; 5994156362 |
| TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) | TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-30.05% <br>(Cost $24,773,891,399) |  | &nbsp;&nbsp; 24773891399 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  | **Repurchase Agreements-67.62%**<sup>(d)</sup>  |
| Bank of Montreal, joint term agreement dated 02/23/2026, aggregate maturing <br> value of $1,001,431,111 (collateralized by U.S. Treasury obligations valued <br> at $1,020,000,002; 1.25% - 5.00%; 11/30/2026 - 08/15/2055)<sup>(e)</sup> <br>| 3.68% | 03/09/2026 |  | 550787111 | &nbsp;&nbsp; 550000000 |
| Bank of Montreal, joint term agreement dated 02/24/2026, aggregate maturing <br> value of $1,350,968,625 (collateralized by U.S. Treasury obligations valued <br> at $1,377,000,000; 0.00% - 5.00%; 05/07/2026 - 11/15/2055)<br>| 3.69% | 03/03/2026 |  | 600430500 | &nbsp;&nbsp; 600000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**8**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Bank of Nova Scotia, joint agreement dated 02/27/2026, aggregate maturing <br> value of $1,000,306,667 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,000; 1.50% - 7.00%; 03/01/2027 - <br> 10/20/2065)<br>| 3.68% | 03/02/2026 | $175053667 | &nbsp;&nbsp; $175000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/19/2026, aggregate <br> maturing value of $500,668,056 (collateralized by agency mortgage-backed <br> securities valued at $510,000,001; 4.50% - 5.50%; 03/01/2055 - <br> 03/01/2056)<sup>(e)</sup> <br>| 3.70% | 03/04/2026 | 335447597 | &nbsp;&nbsp; 335000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/20/2026, aggregate <br> maturing value of $1,002,870,000 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,000; 1.50% - 8.00%; 10/15/2027 <br> - 03/01/2056)<sup>(e)</sup> <br>| 3.69% | 03/20/2026 | 852439500 | &nbsp;&nbsp; 850000000 |
| BMO Capital Markets Corp., joint term agreement dated 02/27/2026, aggregate <br> maturing value of $1,505,874,167 (collateralized by agency mortgage-<br> backed securities valued at $1,530,000,003; 2.50% - 7.00%; 12/20/2038 <br> - 05/20/2075)<sup>(e)</sup> <br>| 3.71% | 04/06/2026 | 953720306 | &nbsp;&nbsp; 950000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/10/2025, <br> aggregate maturing value of $2,500,785,419 (collateralized by agency <br> mortgage-backed securities, U.S. government sponsored agency obligations <br> and U.S. Treasury obligations valued at $2,550,000,000; 0.00% - 8.00%; <br> 03/17/2026 - 08/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1400439833 | &nbsp;&nbsp; 1400000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,626,667 (collateralized by U.S. Treasury <br> obligations valued at $2,040,000,114; 0.00% - 4.25%; 07/02/2026 - <br> 08/15/2030)<sup>(e)(f)</sup> <br>| 3.76% | 03/02/2026 | 945296100 | &nbsp;&nbsp; 945000000 |
| BNP Paribas Securities Corp., joint term agreement dated 07/28/2025, <br> aggregate maturing value of $2,000,628,333 (collateralized by agency <br> mortgage-backed securities, a U.S. government sponsored agency obligation <br> and U.S. Treasury obligations valued at $2,040,000,000; 0.00% - 7.50%; <br> 04/25/2026 - 10/20/2065)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1195375429 | &nbsp;&nbsp; 1195000000 |
| BNP Paribas Securities Corp., joint term agreement dated 08/20/2025, <br> aggregate maturing value of $4,143,991,111 (collateralized by U.S. Treasury <br> obligations valued at $4,080,000,210; 0.00% - 6.63%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.88% | 07/20/2026 | 2175595333 | &nbsp;&nbsp; 2100000000 |
| BofA Securities, Inc., agreement dated 02/27/2026, maturing value of <br> $125,037,500 (collateralized by U.S. Treasury obligations valued at <br> $127,500,001; 3.38% - 6.13%; 02/28/2026 - 05/15/2053)<br>| 3.60% | 03/02/2026 | 125037500 | &nbsp;&nbsp; 125000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,070; 0.00% - 4.88%; 04/30/2026 - <br> 11/15/2030)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 1000314167 | &nbsp;&nbsp; 1000000000 |
| BofA Securities, Inc., joint term agreement dated 07/28/2025, aggregate <br> maturing value of $1,750,549,792 (collateralized by U.S. Treasury <br> obligations valued at $1,785,000,089; 0.00% - 6.25%; 02/28/2026 - <br> 08/15/2055)<sup>(e)(f)</sup> <br>| 3.77% | 03/02/2026 | 750235625 | &nbsp;&nbsp; 750000000 |
| BofA Securities, Inc., joint term agreement dated 07/29/2025, aggregate <br> maturing value of $1,000,315,834 (collateralized by agency mortgage-<br> backed securities valued at $1,020,000,006; 1.50% - 6.00%; 03/25/2028 <br> - 03/20/2073)<sup>(e)(f)</sup> <br>| 3.79% | 03/02/2026 | 680214767 | &nbsp;&nbsp; 680000000 |
| BofA Securities, Inc., joint term agreement dated 09/11/2025, aggregate <br> maturing value of $515,520,833 (collateralized by U.S. Treasury obligations <br> valued at $510,000,204; 0.00% - 6.25%; 02/28/2026 - 05/15/2054)<br>| 3.75% | 07/07/2026 | 412416667 | &nbsp;&nbsp; 400000000 |
| CIBC World Markets Corp., agreement dated 02/27/2026, maturing value of <br> $1,000,305,833 (collateralized by U.S. Treasury obligations valued at <br> $1,020,311,951; 0.00% - 4.63%; 04/16/2026 - 02/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Citigroup Global Markets, Inc., term agreement dated 08/08/2025, maturing <br> value of $260,010,000 (collateralized by agency mortgage-backed securities <br> valued at $255,000,000; 2.50% - 11.61%; 06/15/2027 - 07/16/2068)<br>| 3.96% | 08/10/2026 | 260010000 | &nbsp;&nbsp; 250000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**9**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Credit Agricole Corporate & Investment Bank, agreement dated 02/27/2026, <br> maturing value of $250,075,000 (collateralized by U.S. Treasury obligations <br> valued at $255,000,012; 1.88% - 4.63%; 07/31/2027 - 08/15/2053)<br>| 3.60% | 03/02/2026 | $250075000 | &nbsp;&nbsp; $250000000 |
| Credit Agricole Corporate & Investment Bank, joint term agreement dated <br> 01/29/2026, aggregate maturing value of $602,385,500 (collateralized by <br> U.S. Treasury obligations valued at $612,000,024; 0.13% - 4.88%; <br> 04/15/2026 - 02/15/2055)<sup>(e)</sup> <br>| 3.67% | 03/09/2026 | 250993958 | &nbsp;&nbsp; 250000000 |
| DNB Bank ASA, agreement dated 02/27/2026, maturing value of $500,152,917 <br> (collateralized by U.S. Treasury obligations valued at $510,000,062; 0.63% - <br> 4.63%; 06/30/2026 - 05/31/2030)<br>| 3.67% | 03/02/2026 | 500152917 | &nbsp;&nbsp; 500000000 |
| Fixed Income Clearing Corp. - Bank of New York Mellon (The), joint agreement <br> dated 02/27/2026, aggregate maturing value of $6,501,987,917 <br> (collateralized by U.S. Treasury obligations valued at $6,630,000,183; <br> 0.00% - 4.88%; 04/09/2026 - 08/15/2053)<br>| 3.67% | 03/02/2026 | 3626108646 | &nbsp;&nbsp; 3625000000 |
| Fixed Income Clearing Corp. - Bank of Nova Scotia, joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,700,825,750 (collateralized <br> by U.S. Treasury obligations valued at $2,754,000,209; 0.00% - 5.00%; <br> 05/07/2026 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1700519917 | &nbsp;&nbsp; 1700000000 |
| Fixed Income Clearing Corp. - ING Financial Markets, LLC, joint agreement dated <br> 02/27/2026, aggregate maturing value of $3,000,917,500 (collateralized <br> by U.S. Treasury obligations valued at $3,060,000,073; 0.00% - 4.63%; <br> 03/03/2026 - 08/15/2052)<br>| 3.67% | 03/02/2026 | 2300703417 | &nbsp;&nbsp; 2300000000 |
| Fixed Income Clearing Corp. - State Street Bank, agreement dated 02/27/2026, <br> maturing value of $125,037,292 (collateralized by a U.S. Treasury obligation <br> valued at $127,500,003; 3.75%; 04/30/2027)<br>| 3.58% | 03/02/2026 | 125037292 | &nbsp;&nbsp; 125000000 |
| Fixed Income Clearing Corp. - State Street Bank, joint agreement dated <br> 02/27/2026, aggregate maturing value of $6,251,911,458 (collateralized <br> by U.S. Treasury obligations valued at $6,375,000,337; 2.00% - 5.00%; <br> 11/15/2041 - 11/15/2049)<br>| 3.67% | 03/02/2026 | 4001223333 | &nbsp;&nbsp; 4000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., agreement dated <br> 02/27/2026, maturing value of $6,001,835,000 (collateralized by <br> U.S. Treasury obligations valued at $6,120,000,050; 0.00% - 4.75%; <br> 03/31/2026 - 08/15/2055)<br>| 3.67% | 03/02/2026 | 6001835000 | &nbsp;&nbsp; 6000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint agreement dated <br> 02/27/2026, aggregate maturing value of $2,000,611,667 (collateralized <br> by U.S. Treasury obligations valued at $2,040,000,158; 1.75% - 4.88%; <br> 05/15/2028 - 05/15/2055)<br>| 3.67% | 03/02/2026 | 1000305833 | &nbsp;&nbsp; 1000000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/06/2026, aggregate maturing value of $560,057,089 (collateralized by <br> U.S. Treasury obligations valued at $571,200,101; 2.88% - 5.00%; <br> 05/15/2034 - 08/15/2054)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 225022938 | &nbsp;&nbsp; 225000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/08/2026, aggregate maturing value of $700,071,361 (collateralized by <br> U.S. Treasury obligations valued at $714,000,128; 2.25% - 4.75%; <br> 08/15/2040 - 05/15/2053)<sup>(g)</sup> <br>| 3.67% | 07/01/2026 | 350035681 | &nbsp;&nbsp; 350000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 01/28/2026, aggregate maturing value of $500,051,111 (collateralized by <br> U.S. Treasury obligations valued at $510,000,209; 1.25% - 4.75%; <br> 09/30/2028 - 08/15/2055)<sup>(g)</sup> <br>| 3.68% | 07/01/2026 | 250025556 | &nbsp;&nbsp; 250000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/24/2026, aggregate maturing value of $1,000,101,389 (collateralized <br> by U.S. Treasury obligations valued at $1,020,000,222; 2.88% - 5.00%; <br> 02/15/2036 - 05/15/2055)<sup>(g)</sup> <br>| 3.65% | 03/03/2026 | 200020278 | &nbsp;&nbsp; 200000000 |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,072,139 (collateralized by <br> U.S. Treasury obligations valued at $714,000,333; 4.63% - 5.00%; <br> 09/30/2028 - 05/15/2055)<sup>(g)</sup> <br>| 3.71% | 03/12/2026 | 275028340 | &nbsp;&nbsp; 275000000 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**10**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Fixed Income Clearing Corp. - Wells Fargo Bank, N.A., joint term agreement dated <br> 02/26/2026, aggregate maturing value of $700,217,000 (collateralized by <br> U.S. Treasury obligations valued at $714,000,294; 1.25% - 5.00%; <br> 09/30/2028 - 08/15/2054)<sup>(h)</sup> <br>| 3.72% | 03/16/2026 | $275085250 | &nbsp;&nbsp; $275000000 |
| Goldman Sachs & Co., agreement dated 02/27/2026, maturing value of <br> $1,000,305,000 (collateralized by U.S. Treasury obligations valued at <br> $1,020,000,015; 1.25% - 2.25%; 09/30/2028 - 05/15/2041)<br>| 3.66% | 03/02/2026 | 1000305000 | &nbsp;&nbsp; 1000000000 |
| J.P. Morgan Securities LLC, joint open agreement dated 02/13/2026 <br> (collateralized by agency mortgage-backed securities valued at <br> $510,000,000; 1.25% - 6.00%; 12/25/2030 - 09/20/2065)<sup>(i)</sup> <br>| 3.71% | 03/02/2026 | 385119029 | &nbsp;&nbsp; 385000000 |
| Metropolitan Life Insurance Co., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $350,261,588 (collateralized by U.S. Treasury <br> obligations valued at $360,626,178; 0.00% - 3.88%; 07/31/2027 - <br> 05/15/2046)<br>| 3.70% | 03/04/2026 | 170122493 | &nbsp;&nbsp; 170000187 |
| Mitsubishi UFJ Trust & Banking Corp., joint term agreement dated 02/25/2026, <br> aggregate maturing value of $2,147,423,010 (collateralized by U.S. Treasury <br> obligations valued at $2,192,151,884; 3.75% - 4.38%; 01/31/2027 - <br> 08/31/2028)<br>| 3.71% | 03/04/2026 | 1140634748 | &nbsp;&nbsp; 1139812500 |
| Natixis, joint agreement dated 02/27/2026, aggregate maturing value of <br> $1,000,305,833 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $1,020,000,000; 0.00% - 7.00%; 03/31/2026 - 11/20/2074)<br>| 3.67% | 03/02/2026 | 300091750 | &nbsp;&nbsp; 300000000 |
| Natixis, joint term agreement dated 01/29/2026, aggregate maturing value of <br> $502,497,639 (collateralized by agency mortgage-backed securities, U.S. <br> government sponsored agency obligations and U.S. Treasury obligations valued <br> at $510,000,001; 0.00% - 7.00%; 01/31/2027 - 10/20/2075)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 200999056 | &nbsp;&nbsp; 200000000 |
| Natixis, term agreement dated 01/29/2026, maturing value of $502,497,639 <br> (collateralized by agency mortgage-backed securities and U.S. Treasury <br> obligations valued at $510,000,028; 0.00% - 7.00%; 04/16/2026 - <br> 08/20/2074)<sup>(e)</sup> <br>| 3.67% | 03/19/2026 | 502497639 | &nbsp;&nbsp; 500000000 |
| Prudential Insurance Co. of America, agreement dated 02/27/2026, maturing <br> value of $1,239,161,143 (collateralized by U.S. Treasury obligations valued <br> at $1,264,292,809; 0.00% - 4.75%; 06/09/2026 - 05/15/2055)<br>| 3.68% | 03/02/2026 | 1239161143 | &nbsp;&nbsp; 1238781250 |
| RBC Dominion Securities Inc., joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,000,306,667 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $1,020,312,840; <br> 0.00% - 7.50%; 07/15/2026 - 10/20/2065)<br>| 3.68% | 03/02/2026 | 375115000 | &nbsp;&nbsp; 375000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,020,366,425 (collateralized by U.S. Treasury <br> obligations valued at $1,024,897,174; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.87% | 07/27/2026 | 510701165 | &nbsp;&nbsp; 493000000 |
| RBC Dominion Securities Inc., joint term agreement dated 08/26/2025, <br> aggregate maturing value of $1,038,725,556 (collateralized by U.S. Treasury <br> obligations valued at $1,040,292,750; 0.00% - 5.00%; 03/12/2026 - <br> 02/15/2056)<sup>(e)</sup> <br>| 3.83% | 08/26/2026 | 515207876 | &nbsp;&nbsp; 496000000 |
| RBC Dominion Securities Inc., joint term agreement dated 10/27/2025, <br> aggregate maturing value of $733,694,825 (collateralized by U.S. Treasury <br> obligations valued at $737,110,776; 0.00% - 4.88%; 04/14/2026 - <br> 11/15/2055)<sup>(e)</sup> <br>| 3.87% | 07/24/2026 | 718259450 | &nbsp;&nbsp; 698000000 |
| RBC Dominion Securities Inc., joint term agreement dated 12/04/2025, <br> aggregate maturing value of $2,035,573,333 (collateralized by agency <br> mortgage-backed securities and U.S. Treasury obligations valued at <br> $2,058,142,418; 0.00% - 8.00%; 04/30/2026 - 03/15/2068)<sup>(e)</sup> <br>| 3.68% | 05/28/2026 | 1374012000 | &nbsp;&nbsp; 1350000000 |
| Royal Bank of Canada, joint agreement dated 02/27/2026, aggregate maturing <br> value of $3,000,917,500 (collateralized by U.S. Treasury obligations valued <br> at $3,060,935,943; 0.13% - 4.88%; 03/15/2026 - 02/15/2056)<br>| 3.67% | 03/02/2026 | 1429015282 | &nbsp;&nbsp; 1428578375 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**11**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** | **Value** |
| Royal Bank of Canada, joint term agreement dated 09/29/2025, aggregate <br> maturing value of $2,075,086,640 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $2,078,208,705; <br> 0.00% - 7.00%; 03/17/2026 - 03/01/2063)<sup>(e)</sup> <br>| 3.69% | 09/01/2026 |  | $1451319320 | &nbsp;&nbsp; $1403000000 |
| Royal Bank of Canada, joint term agreement dated 12/03/2025, aggregate <br> maturing value of $3,060,833,333 (collateralized by U.S. Treasury <br> obligations valued at $3,087,302,409; 0.00% - 4.63%; 03/05/2026 - <br> 02/15/2054)<sup>(e)</sup> <br>| 3.65% | 06/22/2026 |  | 1561025000 | &nbsp;&nbsp; 1530000000 |
| Societe Generale, joint term agreement dated 02/25/2026, aggregate maturing <br> value of $1,000,719,444 (collateralized by agency mortgage-backed <br> securities valued at $1,020,000,002; 1.66% - 7.00%; 04/20/2026 - <br> 03/20/2075)<br>| 3.70% | 03/04/2026 |  | 700503611 | &nbsp;&nbsp; 700000000 |
| Societe Generale, joint term agreement dated 02/27/2026, aggregate maturing <br> value of $1,501,076,250 (collateralized by agency mortgage-backed <br> securities valued at $1,530,000,059; 2.00% - 6.50%; 06/01/2049 - <br> 02/01/2056)<br>| 3.69% | 03/06/2026 |  | 1000717500 | &nbsp;&nbsp; 1000000000 |
| Standard Chartered Bank, joint agreement dated 02/27/2026, aggregate <br> maturing value of $3,250,993,958 (collateralized by agency mortgage-<br> backed securities and U.S. Treasury obligations valued at $3,316,013,838; <br> 0.13% - 6.50%; 02/28/2026 - 01/20/2056)<br>| 3.67% | 03/02/2026 |  | 2250688125 | &nbsp;&nbsp; 2250000000 |
| Sumitomo Mitsui Banking Corp., joint agreement dated 02/27/2026, aggregate <br> maturing value of $5,301,625,333 (collateralized by agency mortgage-<br> backed securities valued at $5,605,743,280; 2.00% - 6.50%; 10/20/2042 <br> - 12/20/2055)<br>| 3.68% | 03/02/2026 |  | 995307508 | &nbsp;&nbsp; 995002374 |
| Teacher Retirement System of Texas, joint agreement dated 02/26/2026, <br> aggregate maturing value of $1,797,092,436 (collateralized by U.S. Treasury <br> obligations valued at $1,886,356,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.76% | 03/02/2026 |  | 892473840 | &nbsp;&nbsp; 892194286 |
| Teacher Retirement System of Texas, joint agreement dated 02/27/2026, <br> aggregate maturing value of $1,806,600,600 (collateralized by U.S. Treasury <br> obligations valued at $1,896,732,000; 1.88% - 4.25%; 11/15/2044 - <br> 02/15/2054)<br>| 3.77% | 03/03/2026 |  | 897297767 | &nbsp;&nbsp; 897203810 |
| Wells Fargo Securities, LLC, joint agreement dated 02/27/2026, aggregate <br> maturing value of $1,500,457,500 (collateralized by U.S. Treasury <br> obligations valued at $1,530,000,093; 0.50% - 4.25%; 02/28/2026 - <br> 12/31/2030)<br>| 3.66% | 03/02/2026 |  | 700213500 | &nbsp;&nbsp; 700000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 01/28/2026, aggregate <br> maturing value of $363,339,000 (collateralized by agency mortgage-backed <br> securities valued at $367,200,000; 2.00% - 7.50%; 01/01/2028 - <br> 01/01/2056)<br>| 3.71% | 04/28/2026 |  | 302782500 | &nbsp;&nbsp; 300000000 |
| Wells Fargo Securities, LLC, joint term agreement dated 09/12/2025, aggregate <br> maturing value of $1,142,635,200 (collateralized by agency mortgage-<br> backed securities valued at $1,142,400,001; 1.50% - 7.50%; 08/01/2027 <br> - 01/01/2061)<br>| 3.87% | 03/19/2026 |  | 688641750 | &nbsp;&nbsp; 675000000 |
| Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) | Total Repurchase Agreements (Cost $55,746,572,782) |  | &nbsp;&nbsp; 55746572782 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) | TOTAL INVESTMENTS IN SECURITIES<sup>(j)</sup>-97.67% (Cost $80,520,464,181) |  | &nbsp;&nbsp; 80520464181 |
| OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% | OTHER ASSETS LESS LIABILITIES-2.33% |  | &nbsp;&nbsp; 1916973288 |
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $82437437469 |

---

Investment Abbreviations:

SOFR -Secured Overnight Financing Rate <br> VRD -Variable Rate Demand

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**12**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Government & Agency Portfolio—(continued)**

Notes to Schedule of Investments:

<sup>(a)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

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

<sup>(c)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on February 28, 2026. 

<sup>(d)</sup> Principal amount equals value at period end. See Note 1J.

<sup>(e)</sup> The Fund may demand payment of the term repurchase agreement upon one to seven business days' notice depending on the timing of the demand.

<sup>(f)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(g)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes one day of interest due at maturity. 

<sup>(h)</sup> Interest is paid periodically at specified time intervals. The Repurchase Amount includes three days of interest due at maturity.

<sup>(i)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

<sup>(j)</sup> Also represents cost for federal income tax purposes.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**13**

**Short-Term Investments Trust**

------

**Schedule of Investments**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** | **U.S. Treasury Securities-107.53%** |
| **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> | **U.S. Treasury Bills-88.74%**<sup>(a)</sup> |
| U.S. Treasury Bills | 3.61%-3.96% | 03/05/2026 | $70750 | &nbsp;&nbsp; $70721135 |
| U.S. Treasury Bills | 3.60%-3.80% | 03/10/2026 | 75000 | &nbsp;&nbsp; 74931871 |
| U.S. Treasury Bills | 3.60%-3.64% | 03/12/2026 | 53100 | &nbsp;&nbsp; 53041768 |
| U.S. Treasury Bills | 3.62%-3.80% | 03/17/2026 | 107950 | &nbsp;&nbsp; 107773297 |
| U.S. Treasury Bills | 3.59%-3.66% | 03/19/2026 | 63000 | &nbsp;&nbsp; 62886828 |
| U.S. Treasury Bills | 3.64%-3.78% | 03/24/2026 | 73000 | &nbsp;&nbsp; 72829759 |
| U.S. Treasury Bills | 3.65% | 03/26/2026 | 25000 | &nbsp;&nbsp; 24936892 |
| U.S. Treasury Bills | 3.65%-3.76% | 03/31/2026 | 90000 | &nbsp;&nbsp; 89733065 |
| U.S. Treasury Bills | 3.66% | 04/02/2026 | 23000 | &nbsp;&nbsp; 22925582 |
| U.S. Treasury Bills | 3.66%-3.69% | 04/07/2026 | 48500 | &nbsp;&nbsp; 48318350 |
| U.S. Treasury Bills | 3.57%-3.65% | 04/09/2026 | 40000 | &nbsp;&nbsp; 39843962 |
| U.S. Treasury Bills | 3.65%-3.66% | 04/14/2026 | 53000 | &nbsp;&nbsp; 52765309 |
| U.S. Treasury Bills | 4.09% | 04/16/2026 | 9000 | &nbsp;&nbsp; 8954690 |
| U.S. Treasury Bills | 3.65% | 04/21/2026 | 21000 | &nbsp;&nbsp; 20892082 |
| U.S. Treasury Bills | 3.62% | 04/23/2026 | 24000 | &nbsp;&nbsp; 23873249 |
| U.S. Treasury Bills | 3.57%-3.60% | 04/28/2026 | 59600 | &nbsp;&nbsp; 59261838 |
| U.S. Treasury Bills | 3.61% | 04/30/2026 | 28000 | &nbsp;&nbsp; 27832933 |
| U.S. Treasury Bills | 3.63% | 05/07/2026 | 28000 | &nbsp;&nbsp; 27812465 |
| U.S. Treasury Bills | 3.63% | 05/14/2026 | 28000 | &nbsp;&nbsp; 27792800 |
| U.S. Treasury Bills | 3.60% | 05/19/2026 | 24000 | &nbsp;&nbsp; 23812507 |
| U.S. Treasury Bills | 3.63%-3.78% | 05/21/2026 | 22000 | &nbsp;&nbsp; 21820067 |
| U.S. Treasury Bills | 3.63% | 06/02/2026 | 12000 | &nbsp;&nbsp; 11888943 |
| U.S. Treasury Bills | 3.64%-3.70% | 06/04/2026 | 22000 | &nbsp;&nbsp; 21790512 |
| U.S. Treasury Bills | 3.61%-3.64% | 06/09/2026 | 27000 | &nbsp;&nbsp; 26731458 |
| U.S. Treasury Bills | 3.60%-4.12% | 06/11/2026 | 23000 | &nbsp;&nbsp; 22756443 |
| U.S. Treasury Bills | 3.64% | 06/16/2026 | 34000 | &nbsp;&nbsp; 33636705 |
| U.S. Treasury Bills | 3.64% | 06/23/2026 | 23000 | &nbsp;&nbsp; 22738164 |
| U.S. Treasury Bills | 3.59% | 06/30/2026 | 26000 | &nbsp;&nbsp; 25691674 |
| U.S. Treasury Bills | 3.55% | 07/02/2026 | 14000 | &nbsp;&nbsp; 13833062 |
| U.S. Treasury Bills | 4.08%-4.12% | 07/09/2026 | 18500 | &nbsp;&nbsp; 18236849 |
| U.S. Treasury Bills | 3.58% | 07/23/2026 | 6000 | &nbsp;&nbsp; 5915520 |
| U.S. Treasury Bills | 3.59% | 07/30/2026 | 6000 | &nbsp;&nbsp; 5911288 |
| U.S. Treasury Bills | 3.59%-3.92% | 08/06/2026 | 18000 | &nbsp;&nbsp; 17708863 |
| U.S. Treasury Bills | 3.56%-3.59% | 08/13/2026 | 14000 | &nbsp;&nbsp; 13774704 |
| U.S. Treasury Bills | 3.56% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9832778 |
| U.S. Treasury Bills | 3.80% | 09/03/2026 | 7000 | &nbsp;&nbsp; 6867630 |
|  |  |  |  | &nbsp;&nbsp; 1220075042 |
| **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** | **U.S. Treasury Floating Rate Notes-14.40%** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.15%)<sup>(b)</sup> <br>| 3.79% | 04/30/2026 | 25000 | &nbsp;&nbsp; 25000110 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.21%)<sup>(b)</sup> <br>| 3.85% | 10/31/2026 | 30000 | &nbsp;&nbsp; 30020591 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2027 | 44000 | &nbsp;&nbsp; 44001323 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**14**

**Short-Term Investments Trust**

------

**Schedule of Investments—(continued)**

*February 28, 2026*

*(Unaudited)*

**Invesco Treasury Obligations Portfolio—(continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** | **U.S. Treasury Floating Rate Notes-(continued)** |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 04/30/2027 |  | $35000 | &nbsp;&nbsp; $35004126 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.16%)<sup>(b)</sup> <br>| 3.80% | 07/31/2027 |  | 36000 | &nbsp;&nbsp; 35983954 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.19%)<sup>(b)</sup> <br>| 3.83% | 10/31/2027 |  | 13000 | &nbsp;&nbsp; 13010518 |
| U.S. Treasury Floating Rate Notes (3 mo. U.S. Treasury Bill Money Market Yield Rate + <br> 0.10%)<sup>(b)</sup> <br>| 3.74% | 01/31/2028 |  | 15000 | &nbsp;&nbsp; 15000014 |
|  |  |  |  |  | &nbsp;&nbsp; 198020636 |
| **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** | **U.S. Treasury Notes-4.39%** |
| U.S. Treasury Notes | 0.75% | 04/30/2026 |  | 2000 | &nbsp;&nbsp; 1989432 |
| U.S. Treasury Notes | 4.13% | 06/15/2026 |  | 6000 | &nbsp;&nbsp; 6000789 |
| U.S. Treasury Notes | 4.63% | 06/30/2026 |  | 15200 | &nbsp;&nbsp; 15224644 |
| U.S. Treasury Notes | 4.50% | 07/15/2026 |  | 3000 | &nbsp;&nbsp; 3006470 |
| U.S. Treasury Notes | 4.38% | 07/31/2026 |  | 6000 | &nbsp;&nbsp; 6012669 |
| U.S. Treasury Notes | 4.63% | 11/15/2026 |  | 6000 | &nbsp;&nbsp; 6040810 |
| U.S. Treasury Notes | 4.25% | 12/31/2026 |  | 7000 | &nbsp;&nbsp; 7040288 |
| U.S. Treasury Notes | 4.00% | 01/15/2027 |  | 15000 | &nbsp;&nbsp; 15060792 |
|  |  |  |  |  | &nbsp;&nbsp; 60375894 |
| TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) | TOTAL INVESTMENTS IN SECURITIES-107.53% (Cost $1,478,471,572) |  | &nbsp;&nbsp; 1478471572 |
| OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% | OTHER ASSETS LESS LIABILITIES-(7.53)% |  | &nbsp;&nbsp; (103535448)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1374936124 |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on February 28, 2026.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**15**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Investments in unaffiliated securities, at value | &nbsp;&nbsp; $19064995014 | &nbsp;&nbsp; $24773891399 | &nbsp;&nbsp; $1478471572 |
| Repurchase agreements, at value and cost | &nbsp;&nbsp; 20367715130 | &nbsp;&nbsp; 55746572782 | &nbsp;&nbsp; - |
| Cash | &nbsp;&nbsp; 701337892 | &nbsp;&nbsp; 2533197236 | &nbsp;&nbsp; 39323 |
| Receivable for: |  |  |  |
| Fund shares sold | &nbsp;&nbsp; 11721907 | &nbsp;&nbsp; 11527797 | &nbsp;&nbsp; 396000 |
| Interest | &nbsp;&nbsp; 224505131 | &nbsp;&nbsp; 404773004 | &nbsp;&nbsp; 1018753 |
| Fund expenses absorbed | &nbsp;&nbsp; 818757 | &nbsp;&nbsp; 60114 | &nbsp;&nbsp; 29598 |
| Investment for trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2249911 | &nbsp;&nbsp; 1024780 | &nbsp;&nbsp; 110000 |
| Other assets | &nbsp;&nbsp; 37241 | &nbsp;&nbsp; 127182 | &nbsp;&nbsp; 66663 |
| Total assets | &nbsp;&nbsp; 40373380983 | &nbsp;&nbsp; 83471174294 | &nbsp;&nbsp; 1480131909 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Payable for: |  |  |  |
| Investments purchased | &nbsp;&nbsp; 909207619 | &nbsp;&nbsp; 897203810 | &nbsp;&nbsp; 103364402 |
| Fund shares reacquired | &nbsp;&nbsp; 8213692 | &nbsp;&nbsp; 4830111 | &nbsp;&nbsp; 290300 |
| Dividends | &nbsp;&nbsp; 54477972 | &nbsp;&nbsp; 117733178 | &nbsp;&nbsp; 1100773 |
| Accrued fees to affiliates | &nbsp;&nbsp; 7310133 | &nbsp;&nbsp; 12501883 | &nbsp;&nbsp; 316524 |
| Accrued trustees' and officers' fees and benefits | &nbsp;&nbsp; 51575 | &nbsp;&nbsp; 65990 | &nbsp;&nbsp; 3543 |
| Accrued operating expenses | &nbsp;&nbsp; 60744 | &nbsp;&nbsp; 265437 | &nbsp;&nbsp; 5043 |
| Trustee deferred compensation and retirement plans | &nbsp;&nbsp; 2353727 | &nbsp;&nbsp; 1136416 | &nbsp;&nbsp; 115200 |
| Total liabilities | &nbsp;&nbsp; 981675462 | &nbsp;&nbsp; 1033736825 | &nbsp;&nbsp; 105195785 |
| Net assets applicable to shares outstanding | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** | **Net assets consist of:** |
| Shares of beneficial interest | &nbsp;&nbsp; $39387682478 | &nbsp;&nbsp; $82453617268 | &nbsp;&nbsp; $1375311339 |
| Distributable earnings (loss) | &nbsp;&nbsp; 4023043 | &nbsp;&nbsp; (16179799)<br>| &nbsp;&nbsp; (375215)<br>|
|  | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $1374936124 |
| **Net Assets:** | **Net Assets:** | **Net Assets:** | **Net Assets:** |
| Cash Management Class | &nbsp;&nbsp; $342716455 | &nbsp;&nbsp; $424464720 | &nbsp;&nbsp; $6838182 |
| CAVU Securities Class | &nbsp;&nbsp; $1657988441 | &nbsp;&nbsp; $13347114881 | &nbsp;&nbsp; $- |
| Corporate Class | &nbsp;&nbsp; $1756525122 | &nbsp;&nbsp; $329258645 | &nbsp;&nbsp; $12333 |
| Institutional Class | &nbsp;&nbsp; $32137662212 | &nbsp;&nbsp; $61549257677 | &nbsp;&nbsp; $1070628529 |
| Personal Investment Class | &nbsp;&nbsp; $1261001937 | &nbsp;&nbsp; $90366779 | &nbsp;&nbsp; $121783 |
| Premier Class | &nbsp;&nbsp; $- | &nbsp;&nbsp; $2761322817 | &nbsp;&nbsp; $- |
| Private Investment Class | &nbsp;&nbsp; $1640643047 | &nbsp;&nbsp; $1029421535 | &nbsp;&nbsp; $149877582 |
| Reserve Class | &nbsp;&nbsp; $567566517 | &nbsp;&nbsp; $2723845629 | &nbsp;&nbsp; $138294807 |
| Resource Class | &nbsp;&nbsp; $27601790 | &nbsp;&nbsp; $182384786 | &nbsp;&nbsp; $9162908 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**16**

**Short-Term Investments Trust**

------

**Statements of Assets and Liabilities—(continued)**

*February 28, 2026* 

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury**<br> **Portfolio**<br>| **Invesco Government**<br> **& Agency Portfolio**<br>| **Invesco Treasury**<br> **Obligations**<br> **Portfolio**<br>|
| **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** | **Shares outstanding, no par value,** <br>**unlimited number of shares authorized:** |
| Cash Management Class | &nbsp;&nbsp; 342651320 | &nbsp;&nbsp; 424577816 | &nbsp;&nbsp; 6839772 |
| CAVU Securities Class | &nbsp;&nbsp; 1657657386 | &nbsp;&nbsp; 13350117206 | &nbsp;&nbsp; - |
| Corporate Class | &nbsp;&nbsp; 1756228673 | &nbsp;&nbsp; 329296175 | &nbsp;&nbsp; 12335 |
| Institutional Class | &nbsp;&nbsp; 32132385517 | &nbsp;&nbsp; 61561369632 | &nbsp;&nbsp; 1070876053 |
| Personal Investment Class | &nbsp;&nbsp; 1260740014 | &nbsp;&nbsp; 90389447 | &nbsp;&nbsp; 121812 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; 2761729869 | &nbsp;&nbsp; - |
| Private Investment Class | &nbsp;&nbsp; 1640369057 | &nbsp;&nbsp; 1029650047 | &nbsp;&nbsp; 149912414 |
| Reserve Class | &nbsp;&nbsp; 567443470 | &nbsp;&nbsp; 2723958908 | &nbsp;&nbsp; 138326990 |
| Resource Class | &nbsp;&nbsp; 27596793 | &nbsp;&nbsp; 182414879 | &nbsp;&nbsp; 9165036 |
| Net asset value, offering and redemption price per share for each class | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 | &nbsp;&nbsp; $1.00 |
| Cost of Investments | &nbsp;&nbsp; $39432710144 | &nbsp;&nbsp; $80520464181 | &nbsp;&nbsp; $1478471572 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**17**

**Short-Term Investments Trust**

------

**Statements of Operations**

*For the six months ended February 28, 2026*

*(Unaudited)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco Treasury** <br>**Portfolio**<br>| **Invesco Government** <br>**& Agency Portfolio**<br>| **Invesco Treasury** <br>**Obligations** <br>**Portfolio**<br>|
| **Investment income:** |  |  |  |
| Interest | &nbsp;&nbsp; $746903245 | &nbsp;&nbsp; $1519117849 | &nbsp;&nbsp; $26246600 |
| **Expenses:** |  |  |  |
| Advisory fees | &nbsp;&nbsp; 28169585 | &nbsp;&nbsp; 38023196 | &nbsp;&nbsp; 851648 |
| Administrative services fees | &nbsp;&nbsp; 8243114 | &nbsp;&nbsp; 16698934 | &nbsp;&nbsp; 292413 |
| Custodian fees | &nbsp;&nbsp; 215615 | &nbsp;&nbsp; 373096 | &nbsp;&nbsp; 7586 |
| Distribution fees: |  |  |  |
| Cash Management Class | &nbsp;&nbsp; 192255 | &nbsp;&nbsp; 257518 | &nbsp;&nbsp; 1972 |
| Corporate Class | &nbsp;&nbsp; 247358 | &nbsp;&nbsp; 36647 | &nbsp;&nbsp; 2 |
| Personal Investment Class | &nbsp;&nbsp; 3727418 | &nbsp;&nbsp; 277771 | &nbsp;&nbsp; 100 |
| Private Investment Class | &nbsp;&nbsp; 2314727 | &nbsp;&nbsp; 1612800 | &nbsp;&nbsp; 140466 |
| Reserve Class | &nbsp;&nbsp; 2771401 | &nbsp;&nbsp; 3486467 | &nbsp;&nbsp; 533610 |
| Resource Class | &nbsp;&nbsp; 23448 | &nbsp;&nbsp; 136295 | &nbsp;&nbsp; 9844 |
| Transfer agent fees | &nbsp;&nbsp; 1690340 | &nbsp;&nbsp; 3422462 | &nbsp;&nbsp; 59918 |
| Trustees' and officers' fees and benefits | &nbsp;&nbsp; 189206 | &nbsp;&nbsp; 300745 | &nbsp;&nbsp; 16153 |
| Registration and filing fees | &nbsp;&nbsp; 272065 | &nbsp;&nbsp; 319374 | &nbsp;&nbsp; 72172 |
| Reports to shareholders | &nbsp;&nbsp; 37119 | &nbsp;&nbsp; 35374 | &nbsp;&nbsp; 6099 |
| Professional services fees | &nbsp;&nbsp; 128299 | &nbsp;&nbsp; 204397 | &nbsp;&nbsp; 25642 |
| Other | &nbsp;&nbsp; 257049 | &nbsp;&nbsp; 442211 | &nbsp;&nbsp; 51714 |
| Total expenses | &nbsp;&nbsp; 48478999 | &nbsp;&nbsp; 65627287 | &nbsp;&nbsp; 2069339 |
| Less: Fees waived and expenses reimbursed | &nbsp;&nbsp; (5398983)<br>| &nbsp;&nbsp; (422377)<br>| &nbsp;&nbsp; (185105)<br>|
| Net expenses | &nbsp;&nbsp; 43080016 | &nbsp;&nbsp; 65204910 | &nbsp;&nbsp; 1884234 |
| Net investment income | &nbsp;&nbsp; 703823229 | &nbsp;&nbsp; 1453912939 | &nbsp;&nbsp; 24362366 |
| Net realized gain from unaffiliated investment securities | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 36246 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; $705722490 | &nbsp;&nbsp; $1454954760 | &nbsp;&nbsp; $24398612 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**18**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>| **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $703823229 | &nbsp;&nbsp; $1729209101 | &nbsp;&nbsp; $1453912939 | &nbsp;&nbsp; $3107310968 |
| Net realized gain | &nbsp;&nbsp; 1899261 | &nbsp;&nbsp; 3298443 | &nbsp;&nbsp; 1041821 | &nbsp;&nbsp; 3328175 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 705722490 | &nbsp;&nbsp; 1732507544 | &nbsp;&nbsp; 1454954760 | &nbsp;&nbsp; 3110639143 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (9055913)<br>| &nbsp;&nbsp; (25687348)<br>| &nbsp;&nbsp; (12304501)<br>| &nbsp;&nbsp; (38553827)<br>|
| CAVU Securities Class | &nbsp;&nbsp; (33759201)<br>| &nbsp;&nbsp; (78450559)<br>| &nbsp;&nbsp; (235141957)<br>| &nbsp;&nbsp; (481042396)<br>|
| Corporate Class | &nbsp;&nbsp; (30951130)<br>| &nbsp;&nbsp; (73363468)<br>| &nbsp;&nbsp; (4679095)<br>| &nbsp;&nbsp; (18642367)<br>|
| Institutional Class | &nbsp;&nbsp; (571409398)<br>| &nbsp;&nbsp; (1425453369)<br>| &nbsp;&nbsp; (1122794285)<br>| &nbsp;&nbsp; (2408226681)<br>|
| Personal Investment Class | &nbsp;&nbsp; (21911425)<br>| &nbsp;&nbsp; (45654427)<br>| &nbsp;&nbsp; (1672176)<br>| &nbsp;&nbsp; (4062030)<br>|
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; (43678523)<br>| &nbsp;&nbsp; (79205504)<br>|
| Private Investment Class | &nbsp;&nbsp; (26891219)<br>| &nbsp;&nbsp; (59014660)<br>| &nbsp;&nbsp; (19063388)<br>| &nbsp;&nbsp; (52276712)<br>|
| Reserve Class | &nbsp;&nbsp; (9313382)<br>| &nbsp;&nbsp; (20217684)<br>| &nbsp;&nbsp; (11461914)<br>| &nbsp;&nbsp; (19034296)<br>|
| Resource Class | &nbsp;&nbsp; (531561)<br>| &nbsp;&nbsp; (1367586)<br>| &nbsp;&nbsp; (3117100)<br>| &nbsp;&nbsp; (6267155)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (703823229)<br>| &nbsp;&nbsp; (1729209101)<br>| &nbsp;&nbsp; (1453912939)<br>| &nbsp;&nbsp; (3107310968)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; (415031924)<br>| &nbsp;&nbsp; 304667225 | &nbsp;&nbsp; (480788704)<br>| &nbsp;&nbsp; 192268565 |
| CAVU Securities Class | &nbsp;&nbsp; (514042300)<br>| &nbsp;&nbsp; 696119180 | &nbsp;&nbsp; 2711179930 | &nbsp;&nbsp; 2596047031 |
| Corporate Class | &nbsp;&nbsp; 17962632 | &nbsp;&nbsp; 28255038 | &nbsp;&nbsp; 18388017 | &nbsp;&nbsp; 57350791 |
| Institutional Class | &nbsp;&nbsp; (2009992698)<br>| &nbsp;&nbsp; 9276563907 | &nbsp;&nbsp; 2448768553 | &nbsp;&nbsp; 17386599348 |
| Personal Investment Class | &nbsp;&nbsp; 12080735 | &nbsp;&nbsp; 207488103 | &nbsp;&nbsp; (26239464)<br>| &nbsp;&nbsp; 15190572 |
| Premier Class | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 1474508069 | &nbsp;&nbsp; 215357165 |
| Private Investment Class | &nbsp;&nbsp; 101793296 | &nbsp;&nbsp; 264466803 | &nbsp;&nbsp; (127585899)<br>| &nbsp;&nbsp; (191536542)<br>|
| Reserve Class | &nbsp;&nbsp; (14264297)<br>| &nbsp;&nbsp; 59026245 | &nbsp;&nbsp; 2290909979 | &nbsp;&nbsp; (96263578)<br>|
| Resource Class | &nbsp;&nbsp; (7385812)<br>| &nbsp;&nbsp; 6202198 | &nbsp;&nbsp; 12407280 | &nbsp;&nbsp; 44765678 |
| Net increase (decrease) in net assets resulting from share <br> transactions<br>| &nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp; 10842788699 | &nbsp;&nbsp; 8321547761 | &nbsp;&nbsp; 20219779030 |
| Net increase (decrease) in net assets | &nbsp;&nbsp; (2826981107)<br>| &nbsp;&nbsp; 10846087142 | &nbsp;&nbsp; 8322589582 | &nbsp;&nbsp; 20223107205 |
| **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 42218686628 | &nbsp;&nbsp; 31372599486 | &nbsp;&nbsp; 74114847887 | &nbsp;&nbsp; 53891740682 |
| End of period | &nbsp;&nbsp; $39391705521 | &nbsp;&nbsp; $42218686628 | &nbsp;&nbsp; $82437437469 | &nbsp;&nbsp; $74114847887 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**19**

**Short-Term Investments Trust**

------

**Statements of Changes in Net Assets—(continued)**

*For the six months ended February 28, 2026 and the year ended August 31, 2025*

*(Unaudited)*

---

| | | |
|:---|:---|:---|
|  | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
|  | **February 28,** <br>**2026**<br>| **August 31,** <br>**2025**<br>|
| **Operations:** | **Operations:** | **Operations:** |
| Net investment income | &nbsp;&nbsp; $24362366 | &nbsp;&nbsp; $59731771 |
| Net realized gain | &nbsp;&nbsp; 36246 | &nbsp;&nbsp; 64434 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 24398612 | &nbsp;&nbsp; 59796205 |
| **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** | **Distributions to shareholders from distributable earnings:** |
| Cash Management Class | &nbsp;&nbsp; (89694)<br>| &nbsp;&nbsp; (142285)<br>|
| Corporate Class | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; (509)<br>|
| Institutional Class | &nbsp;&nbsp; (20323389)<br>| &nbsp;&nbsp; (51367259)<br>|
| Personal Investment Class | &nbsp;&nbsp; (560)<br>| &nbsp;&nbsp; (435)<br>|
| Private Investment Class | &nbsp;&nbsp; (1964762)<br>| &nbsp;&nbsp; (3657529)<br>|
| Reserve Class | &nbsp;&nbsp; (1761386)<br>| &nbsp;&nbsp; (4423607)<br>|
| Resource Class | &nbsp;&nbsp; (222349)<br>| &nbsp;&nbsp; (140147)<br>|
| Total distributions from distributable earnings | &nbsp;&nbsp; (24362366)<br>| &nbsp;&nbsp; (59731771)<br>|
| **Share transactions-net:** | **Share transactions-net:** | **Share transactions-net:** |
| Cash Management Class | &nbsp;&nbsp; 3626543 | &nbsp;&nbsp; 1177647 |
| Corporate Class | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 558 |
| Institutional Class | &nbsp;&nbsp; (98479727)<br>| &nbsp;&nbsp; (114033482)<br>|
| Personal Investment Class | &nbsp;&nbsp; 110187 | &nbsp;&nbsp; (355)<br>|
| Private Investment Class | &nbsp;&nbsp; 39415721 | &nbsp;&nbsp; 60735026 |
| Reserve Class | &nbsp;&nbsp; 38350602 | &nbsp;&nbsp; (28854072)<br>|
| Resource Class | &nbsp;&nbsp; (2539629)<br>| &nbsp;&nbsp; 10159425 |
| Net increase (decrease) in net assets resulting from share transactions | &nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp; (70815253)<br>|
| Net increase (decrease) in net assets | &nbsp;&nbsp; (19479831)<br>| &nbsp;&nbsp; (70750819)<br>|
| **Net assets:** | **Net assets:** | **Net assets:** |
| Beginning of period | &nbsp;&nbsp; 1394415955 | &nbsp;&nbsp; 1465166774 |
| End of period | &nbsp;&nbsp; $1374936124 | &nbsp;&nbsp; $1394415955 |

---

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**20**

**Short-Term Investments Trust**

------

**Financial Highlights**

*(Unaudited)*

The following schedule presents financial highlights for a share of the Funds outstanding throughout the periods indicated.

**Resource Class** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of period**<br>| **Net** <br>**investment** <br>**income**<sup>(a)</sup> <br>| **Net gains** <br>**(losses)** <br>**on securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**from net** <br>**investment** <br>**income**<br>| **Net asset** <br>**value, end** <br>**of period**<br>| **Total** <br>**return**<sup>(b)</sup> <br>| **Net assets,** <br>**end of period** <br>**(000's omitted)**<br>| **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**with fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of** <br>**expenses** <br>**to average net** <br>**assets without** <br>**fee waivers** <br>**and/or expense** <br>**reimbursements**<br>| **Ratio of net** <br>**investment** <br>**income** <br>**to average** <br>**net assets**<br>|
| **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** | **Invesco Treasury Portfolio** |
| Six months ended 02/28/26 | $1.00 | $0.02 | $0.00 | $0.02 | $(0.02)<br>| $1.00 | 1.81<br> %<br>| $27602 | 0.34 %<sup>(c)</sup><br>| 0.37 %<sup>(c)</sup><br>| 3.64 %<sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.30 | 34986 | 0.34 | 0.37 | 4.19 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.20 | 28781 | 0.34 | 0.37 | 5.08 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.21 | 91130 | 0.34 | 0.38 | 4.22 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.39 | 77390 | 0.20 | 0.37 | 0.40 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 53210 | 0.10 | 0.37 | 0.01 |
| **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** | **Invesco Government & Agency Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.84 | 182385 | 0.32 <br><sup>(c)</sup><br>| 0.32 <br><sup>(c)</sup><br>| 3.68 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.34 | 169966 | 0.32 | 0.32 | 4.24 |
| Year ended 08/31/24 | 1.00 | 0.05 | (0.00)<br>| 0.05 | (0.05)<br>| 1.00 | 5.21 | 125186 | 0.32 | 0.32 | 5.06 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.22 | 165918 | 0.32 | 0.32 | 4.23 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.43 | 135003 | 0.20 | 0.32 | 0.45 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.02 | 117902 | 0.08 | 0.32 | 0.02 |
| **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** | **Invesco Treasury Obligations Portfolio** |
| Six months ended 02/28/26 | 1.00 | 0.02 | 0.00 | 0.02 | (0.02)<br>| 1.00 | 1.80 | 9163 | 0.34 <br><sup>(c)</sup><br>| 0.37 <br><sup>(c)</sup><br>| 3.60 <br><sup>(c)</sup><br>|
| Year ended 08/31/25 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.25 | 11702 | 0.34 | 0.37 | 4.18 |
| Year ended 08/31/24 | 1.00 | 0.05 | 0.00 | 0.05 | (0.05)<br>| 1.00 | 5.15 | 1545 | 0.34 | 0.37 | 5.03 |
| Year ended 08/31/23 | 1.00 | 0.04 | 0.00 | 0.04 | (0.04)<br>| 1.00 | 4.08 | 6242 | 0.34 | 0.36 | 4.06 |
| Year ended 08/31/22 | 1.00 | 0.00 | (0.00)<br>| 0.00 | (0.00)<br>| 1.00 | 0.36 | 98 | 0.21 | 0.37 | 0.37 |
| Year ended 08/31/21 | 1.00 | 0.00 | 0.00 | 0.00 | (0.00)<br>| 1.00 | 0.01 | 98 | 0.10 | 0.37 | 0.01 |

---

<sup>(a)</sup> Calculated using average shares outstanding.

<sup>(b)</sup> Includes adjustments in accordance with accounting principles generally accepted in the United States of America and is not annualized for periods less than one year.

<sup>(c)</sup> Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

**21**

**Short-Term Investments Trust**

------

**Notes to Financial Statements**

*February 28, 2026*

*(Unaudited)*

**NOTE 1—Significant Accounting Policies**

Short-Term Investments Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end series diversified management investment company. The Trust is organized as a Delaware statutory trust which currently offers three separate portfolios (each constituting a "Fund"). The Funds covered in this report are Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio (collectively, the "Funds"). The assets, liabilities and operations of each Fund are accounted for separately. Information presented in these financial statements pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders of such Fund or class.

The investment objective of each Fund is to provide current income consistent with preservation of capital and liquidity.

Invesco Treasury Portfolio currently offers eight different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class. Invesco Government & Agency Portfolio currently offers nine different classes of shares: Cash Management Class, Corporate Class, CAVU Securities Class, Institutional Class, Personal Investment Class, Premier Class, Private Investment Class, Reserve Class and Resource Class. Invesco Treasury Obligations Portfolio currently offers seven different classes of shares: Cash Management Class, Corporate Class, Institutional Class, Personal Investment Class, Private Investment Class, Reserve Class and Resource Class.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services — Investment Companies*.

Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, each a "government money market fund" as defined in Rule 2a-7 under the 1940 Act (the "Rule"), seek to maintain a stable or constant NAV of $1.00 per share using an amortized cost method of valuation.

"Government money market funds" are required to invest at least 99.5% of their total assets in cash, Government Securities (as defined in the 1940 Act), and/or repurchase agreements collateralized fully by cash or Government Securities.

The Board of Trustees has elected not to subject Invesco Treasury Portfolio, Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio to liquidity fee requirements at this time, as permitted by the Rule.

The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements.

**A.** **Security Valuations** — Each Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by the Rule. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts.

Securities for which market quotations are not readily available are fair valued by Invesco Advisers, Inc. (the "Adviser" or "Invesco") in accordance with Board-approved policies and related Adviser procedures ("Valuation Procedures"). If a fair value price provided by a pricing service is unreliable in the Adviser's judgment, the Adviser will fair value the security using the Valuation Procedures. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value.

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.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/ or liquidity of certain of each Fund's investments.

**B.** **Securities Transactions and Investment Income** — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on the accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

The Funds may periodically participate in litigation related to each Fund's investments. As such, the Funds may receive proceeds from litigation settlements involving each Fund's investments. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund's net asset value and, accordingly, they reduce each Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Funds and the investment adviser.

The Funds allocate realized capital gains and losses to a class based on the relative net assets of each class. The Funds allocate income to a class based on the relative settled shares of each class.

**C.** **Country Determination** - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues, the country that has the primary market for the issuer's securities and its "country of risk" as determined by a third party service provider, as well as other criteria. Among the other criteria that may be evaluated for making this

**22**

**Short-Term Investments Trust**

------

determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

**D.** **Distributions** - It is the policy of the Funds to declare dividends from net investment income, if any, daily and pay them monthly. Each Fund generally distributes net realized capital gain (including net short-term capital gain), if any, annually.

**E.** **Federal Income Taxes** - The Funds intend to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), necessary to qualify as a regulated investment company and to distribute substantially all of the Funds' taxable earnings to shareholders. As such, the Funds will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions.

Each Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, each Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid by jurisdiction, while removing certain disclosure requirements. Management expects that adoption of the guidance will not have a material impact on the Funds' financial statements.

**F.** **Expenses** - Fees provided for under the Rule 12b-1 plan of a particular class of each Fund and which are directly attributable to that class are charged to the operations of such class. Transfer agency fees and expenses attributable to CAVU Securities Class are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses of each respective Fund are allocated among the classes of such Fund based on relative settled shares.

**G.** **Accounting Estimates** - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, each Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

**H.** **Indemnifications** - Under the Trust's organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts, including each Fund's servicing agreements, that contain a variety of indemnification clauses. Each Fund's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against such Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

**I.** **Segment Reporting** — Each Fund represents a single operating segment, in accordance with ASC 280, Segment Reporting. Subject to the oversight and, when applicable, approval of the Board of Trustees, portfolio managers and senior executives at the Adviser act as the Funds' chief operating decision maker ("CODM"), assessing performance and making decisions about resource allocation within each Fund. The CODM monitors the operating results as a whole, and each Fund's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds' financial statements.

**J.** **Repurchase Agreements -** The Funds may enter into repurchase agreements. Collateral on repurchase agreements, including each Fund's pro-rata interest in joint repurchase agreements, is taken into possession by such Funds upon entering into the repurchase agreement. Collateral consisting of U.S. Government Securities and U.S. Government Sponsored Agency Securities is marked to market daily to ensure its market value is typically at least 102% of the sales price of the repurchase agreement. Collateral consisting of non-government securities is marked to market daily to ensure its market value is typically at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Funds might incur expenses in enforcing their rights, and could experience losses, including a decline in the value of the collateral and loss of income.

**K.** **Other Risks** – Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect a Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

The effect on performance from investing in securities issued or guaranteed by companies in the banking and financial services industries will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad.

U.S. dollar-denominated securities carrying foreign credit exposure may be affected by unfavorable political, economic or governmental developments that could affect payments of principal and interest.

**23**

**Short-Term Investments Trust**

------

**NOTE 2—Advisory Fees and Other Fees Paid to Affiliates**

The Trust has entered into a master investment advisory agreement with the Adviser. Under the terms of the investment advisory agreement, each Fund accrues daily and pays monthly an advisory fee to the Adviser at an annual rate based on each Funds' average daily net assets as follows, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **First $250 million** | **Next $250 million** | **Over $500 million** |
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations <br> Portfolio<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |

---

For the six months ended February 28, 2026, the management fee incurred for each Fund was equivalent to the annual effective rate of each Fund's average daily net assets, as shown below:

---

| | |
|:---|:---|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.15% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.10% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 0.13% |

---

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Management S.A., Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. and, for Invesco Government & Agency Portfolio and Invesco Treasury Obligations Portfolio, separate sub-advisory agreements with Invesco Capital Management LLC and Invesco Asset Management (India) Private Limited (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Funds, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to each Fund based on the percentage of assets allocated to such Sub-Adviser(s).

The Adviser has contractually agreed to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) for each Fund's shares through at least December 31, 2026 as shown in the following table (the "expense limits"):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **CAVU** <br>**Securities** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Institutional** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Premier** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | – | 0.48% | 1.05% | 0.34% |
| Invesco Government & Agency Portfolio | 0.26% | 0.18% | 0.21% | 0.18% | 0.73% | 0.12% | 0.48% | 1.05% | 0.34% |
| Invesco Treasury Obligations Portfolio | 0.26% | – | 0.21% | 0.18% | 0.73% | – | 0.43% | 1.05% | 0.34% |

---

In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual operating expenses after fee waiver and/or expense reimbursement to exceed the number reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses, and (5) expenses that the Funds have incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver arrangement, it will terminate on December 31, 2026 for each Fund's shares. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees.

For the six months ended February 28, 2026, the Adviser waived advisory fees and/or reimbursed Fund expenses, as shown below:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Expense** <br>**Limitation**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $5398983 |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 422377 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 185105 |

---

The Trust has entered into a master administrative services agreement with Invesco pursuant to which each Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as *Administrative services fees*. Also, Invesco has entered into a sub-administration agreement whereby The Bank of New York Mellon ("BNY") serves as fund accountant and provides certain administrative services to the Funds. Pursuant to a custody agreement with the Trust on behalf of the Funds, BNY also serves as the Fund's custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. ("IIS") pursuant to which each Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to such Fund. For the six months ended February 28, 2026, expenses incurred under the agreement are shown in the Statements of Operations as Transfer agent fees.

Under the terms of a master distribution agreement between Invesco Distributors, Inc. ("IDI") and the Trust, IDI acts as the exclusive distributor of each Fund's shares. The Trust has adopted a master distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to Private Investment

**24**

**Short-Term Investments Trust**

------

Class, Personal Investment Class, Cash Management Class, Reserve Class, Resource Class and Corporate Class (the "Plan"). Each Fund, pursuant to the Plans, pays IDI compensation up to the maximum annual rate shown below of average daily net assets of such Class of each Fund, respectively.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Cash** <br>**Management** <br>**Class**<br>| **Corporate** <br>**Class**<br>| **Personal** <br>**Investment** <br>**Class**<br>| **Private** <br>**Investment** <br>**Class**<br>| **Reserve** <br>**Class**<br>| **Resource** <br>**Class**<br>|
| Invesco Treasury Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp; 0.08% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.55% | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 0.16% |

---

The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of each Fund may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such class. Any amounts not paid as a service fee under such Plan would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority ("FINRA"), impose a cap on the total amount of sales charges, including asset-based sales charges, that may be paid by any class of shares of each Fund.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

**NOTE 3—Additional Valuation Information**

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 the Adviser'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.

As of February 28, 2026, all of the securities in each Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**NOTE 4—Trustees' and Officers' Fees and Benefits**

*Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to pay remuneration to certain Trustees and Officers of such Fund. Trustees have the option to defer compensation payable by the Funds, and *Trustees' and Officers' Fees and Benefits* also include amounts accrued by each Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. The Funds may have certain former Trustees who participated in a retirement plan and receive benefits under such plan. *Trustees' and Officers' Fees and Benefits* include amounts accrued by each Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Funds.

**NOTE 5—Cash Balances**

The Funds are permitted to temporarily overdraft or leave balances in their accounts with BNY, the custodian bank. Such balances, if any at period-end, are shown in the Statements of Assets and Liabilities under the payable caption *Amount due custodian*. To compensate BNY or the Funds for such activity, the Funds may either (1) pay to or receive from BNY compensation at a rate agreed upon by BNY and Invesco, not to exceed the contractually agreed upon rate; or (2) leave funds or overdraft funds as a compensating balance in the account so BNY or the Funds can be compensated for use of funds.

**NOTE 6—Tax Information**

The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP. Reclassifications are made to each Fund's capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at each Fund's fiscal year-end.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**25**

**Short-Term Investments Trust**

------

The Funds had a capital loss carryforward as of August 31, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Short-Term** | **Long-Term** |  |
| **Fund** | &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Not Subject to** <br>**Expiration**<br>| **Total\*** |
| Invesco Government & Agency Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $17783365 |
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; 372075 | &nbsp;&nbsp;&nbsp;&nbsp; 20239 | &nbsp;&nbsp;&nbsp;&nbsp; 392314 |

---

\* Capital loss carryforwards are reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. 

**NOTE 7—Investment Transactions**

The aggregate cost and the net unrealized appreciation (depreciation) of investments for tax purposes are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** | **At February 28, 2026** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Federal** <br>**Tax Cost\***<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| Invesco Treasury Obligations Portfolio | &nbsp;&nbsp;&nbsp;&nbsp; $1478478175 | &nbsp;&nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(6603)<br>|

---

\*

For Invesco Treasury Obligations Portfolio, cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. For Invesco Treasury Portfolio and Invesco Government & Agency Portfolio, cost of investments is the same for tax and financial reporting purposes.

**26**

**Short-Term Investments Trust**

------

**Invesco Treasury Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 1705555188 | &nbsp;&nbsp;&nbsp; $1705555188 | &nbsp;&nbsp;&nbsp; 3600920937 | &nbsp;&nbsp;&nbsp; $3600920937 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 14082137028 | &nbsp;&nbsp;&nbsp; 23527993188 | &nbsp;&nbsp;&nbsp; 23527993188 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 4860375348 | &nbsp;&nbsp;&nbsp; 12559534465 | &nbsp;&nbsp;&nbsp; 12559534465 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 136889459107 | &nbsp;&nbsp;&nbsp; 333758063591 | &nbsp;&nbsp;&nbsp; 333758063591 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 1615157678 | &nbsp;&nbsp;&nbsp; 3205309751 | &nbsp;&nbsp;&nbsp; 3205309751 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2236708317 | &nbsp;&nbsp;&nbsp; 2989527878 | &nbsp;&nbsp;&nbsp; 2989527878 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1402258258 | &nbsp;&nbsp;&nbsp; 1626871831 | &nbsp;&nbsp;&nbsp; 1626871831 |
| Resource Class | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 132936943 | &nbsp;&nbsp;&nbsp; 224786176 | &nbsp;&nbsp;&nbsp; 224786176 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 6120281 | &nbsp;&nbsp;&nbsp; 20739888 | &nbsp;&nbsp;&nbsp; 20739888 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 11753616 | &nbsp;&nbsp;&nbsp; 41764044 | &nbsp;&nbsp;&nbsp; 41764044 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 28919173 | &nbsp;&nbsp;&nbsp; 71459329 | &nbsp;&nbsp;&nbsp; 71459329 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 229102846 | &nbsp;&nbsp;&nbsp; 557020646 | &nbsp;&nbsp;&nbsp; 557020646 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 4721894 | &nbsp;&nbsp;&nbsp; 14012185 | &nbsp;&nbsp;&nbsp; 14012185 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 19700174 | &nbsp;&nbsp;&nbsp; 47483117 | &nbsp;&nbsp;&nbsp; 47483117 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 8773803 | &nbsp;&nbsp;&nbsp; 20217684 | &nbsp;&nbsp;&nbsp; 20217684 |
| Resource Class | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 484704 | &nbsp;&nbsp;&nbsp; 1365523 | &nbsp;&nbsp;&nbsp; 1365523 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (2126707393)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>| &nbsp;&nbsp;&nbsp; (3316993600)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (14607932944)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>| &nbsp;&nbsp;&nbsp; (22873638052)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (4871331889)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>| &nbsp;&nbsp;&nbsp; (12602738756)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (139128554651)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>| &nbsp;&nbsp;&nbsp; (325038520330)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (1607798837)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>| &nbsp;&nbsp;&nbsp; (3011833833)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2154615195)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>| &nbsp;&nbsp;&nbsp; (2772544192)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1425296358)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>| &nbsp;&nbsp;&nbsp; (1588063270)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (140807459)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>| &nbsp;&nbsp;&nbsp; (219949501)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (2828880368)<br>| &nbsp;&nbsp;&nbsp; $(2828880368)<br>| &nbsp;&nbsp;&nbsp; 10842788699 | &nbsp;&nbsp;&nbsp; $10842788699 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 27% of the outstanding shares of the Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**27**

**Short-Term Investments Trust**

------

**Invesco Government & Agency Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 263324177 | &nbsp;&nbsp;&nbsp; $263324177 | &nbsp;&nbsp;&nbsp; 470032296 | &nbsp;&nbsp;&nbsp; $470032296 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 206344862666 | &nbsp;&nbsp;&nbsp; 158775398045 | &nbsp;&nbsp;&nbsp; 158775398045 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 536214151 | &nbsp;&nbsp;&nbsp; 3310631867 | &nbsp;&nbsp;&nbsp; 3310631867 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 218129217521 | &nbsp;&nbsp;&nbsp; 453816449533 | &nbsp;&nbsp;&nbsp; 453816449533 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 236854534 | &nbsp;&nbsp;&nbsp; 526917866 | &nbsp;&nbsp;&nbsp; 526917866 |
| Premier Class | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 153160622413 | &nbsp;&nbsp;&nbsp; 206585178166 | &nbsp;&nbsp;&nbsp; 206585178166 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 1549475883 | &nbsp;&nbsp;&nbsp; 3100283821 | &nbsp;&nbsp;&nbsp; 3100283821 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 4194930549 | &nbsp;&nbsp;&nbsp; 1139461368 | &nbsp;&nbsp;&nbsp; 1139461368 |
| Resource Class | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 867658964 | &nbsp;&nbsp;&nbsp; 1437543718 | &nbsp;&nbsp;&nbsp; 1437543718 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 8291302 | &nbsp;&nbsp;&nbsp; 36452141 | &nbsp;&nbsp;&nbsp; 36452141 |
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 153008020 | &nbsp;&nbsp;&nbsp; 275989363 | &nbsp;&nbsp;&nbsp; 275989363 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 870577 | &nbsp;&nbsp;&nbsp; 8325737 | &nbsp;&nbsp;&nbsp; 8325737 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 439436460 | &nbsp;&nbsp;&nbsp; 1006741573 | &nbsp;&nbsp;&nbsp; 1006741573 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 1562358 | &nbsp;&nbsp;&nbsp; 3714290 | &nbsp;&nbsp;&nbsp; 3714290 |
| Premier Class | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 8223003 | &nbsp;&nbsp;&nbsp; 18311783 | &nbsp;&nbsp;&nbsp; 18311783 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 14552906 | &nbsp;&nbsp;&nbsp; 37230362 | &nbsp;&nbsp;&nbsp; 37230362 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 6731125 | &nbsp;&nbsp;&nbsp; 19034296 | &nbsp;&nbsp;&nbsp; 19034296 |
| Resource Class | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 1643432 | &nbsp;&nbsp;&nbsp; 3543555 | &nbsp;&nbsp;&nbsp; 3543555 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (752404183)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>| &nbsp;&nbsp;&nbsp; (314215872)<br>|
| CAVU Securities Class | &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (203786690756)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>| &nbsp;&nbsp;&nbsp; (156455340377)<br>|
| Corporate Class | &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (518696711)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>| &nbsp;&nbsp;&nbsp; (3261606813)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (216119885428)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>| &nbsp;&nbsp;&nbsp; (437436591758)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (264656356)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>| &nbsp;&nbsp;&nbsp; (515441584)<br>|
| Premier Class | &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (151694337347)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>| &nbsp;&nbsp;&nbsp; (206388132784)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (1691614688)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>| &nbsp;&nbsp;&nbsp; (3329050725)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1910751695)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>| &nbsp;&nbsp;&nbsp; (1254759242)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (856895116)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>| &nbsp;&nbsp;&nbsp; (1396321595)<br>|
| Net increase in share activity | &nbsp;&nbsp;&nbsp; 8321547761 | &nbsp;&nbsp;&nbsp; $8321547761 | &nbsp;&nbsp;&nbsp; 20219779030 | &nbsp;&nbsp;&nbsp; $20219779030 |

---

<sup>(a)</sup> There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 21% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

**28**

**Short-Term Investments Trust**

------

**Invesco Treasury Obligations Portfolio** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** | **Summary of Share Activity** |
|  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Six months ended** <br>**February 28, 2026**<sup>(a)</sup>  | **Year ended** <br>**August 31, 2025** | **Year ended** <br>**August 31, 2025** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| **Sold:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 7048438 | &nbsp;&nbsp;&nbsp; $7048438 | &nbsp;&nbsp;&nbsp; 6907777 | &nbsp;&nbsp;&nbsp; $6907777 |
| Corporate Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp; 49 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 1227771280 | &nbsp;&nbsp;&nbsp; 3029288101 | &nbsp;&nbsp;&nbsp; 3029288101 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; 46 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 148056982 | &nbsp;&nbsp;&nbsp; 260097860 | &nbsp;&nbsp;&nbsp; 260097860 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 177601501 | &nbsp;&nbsp;&nbsp; 327386055 | &nbsp;&nbsp;&nbsp; 327386055 |
| Resource Class | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 30823048 | &nbsp;&nbsp;&nbsp; 18881321 | &nbsp;&nbsp;&nbsp; 18881321 |
| **Issued as reinvestment of dividends:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 86119 | &nbsp;&nbsp;&nbsp; 142285 | &nbsp;&nbsp;&nbsp; 142285 |
| Corporate Class | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp; 509 |
| Institutional Class | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 13930021 | &nbsp;&nbsp;&nbsp; 38862850 | &nbsp;&nbsp;&nbsp; 38862850 |
| Personal Investment Class | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 187 | &nbsp;&nbsp;&nbsp; 435 | &nbsp;&nbsp;&nbsp; 435 |
| Private Investment Class | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 1783566 | &nbsp;&nbsp;&nbsp; 3399763 | &nbsp;&nbsp;&nbsp; 3399763 |
| Reserve Class | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 584098 | &nbsp;&nbsp;&nbsp; 2303366 | &nbsp;&nbsp;&nbsp; 2303366 |
| Resource Class | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 222349 | &nbsp;&nbsp;&nbsp; 140147 | &nbsp;&nbsp;&nbsp; 140147 |
| **Reacquired:** |  |  |  |  |
| Cash Management Class | &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (3508014)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>| &nbsp;&nbsp;&nbsp; (5872415)<br>|
| Institutional Class | &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (1340181028)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>| &nbsp;&nbsp;&nbsp; (3182184433)<br>|
| Personal Investment Class | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (836)<br>| &nbsp;&nbsp;&nbsp; (836)<br>|
| Private Investment Class | &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (110424827)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>| &nbsp;&nbsp;&nbsp; (202762597)<br>|
| Reserve Class | &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (139834997)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>| &nbsp;&nbsp;&nbsp; (358543493)<br>|
| Resource Class | &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (33585026)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>| &nbsp;&nbsp;&nbsp; (8862043)<br>|
| Net increase (decrease) in share activity | &nbsp;&nbsp;&nbsp; (19516077)<br>| &nbsp;&nbsp;&nbsp; $(19516077)<br>| &nbsp;&nbsp;&nbsp; (70815253)<br>| &nbsp;&nbsp;&nbsp; $(70815253)<br>|

---

---

| | |
|:---|:---|
| <sup>(a)</sup> | There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 45% of the outstanding shares of the <br> Fund. The Fund and the Fund's principal underwriter or adviser, are parties to participation agreements with these entities whereby these entities sell units of <br> interest in separate accounts funding variable products that are invested in the Fund. The Fund, Invesco and/or Invesco affiliates may make payments to these <br> entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services <br> such as, securities brokerage, third party record keeping and account servicing and administrative services. The Fund has no knowledge as to whether all or any <br> portion of the shares owned of record by these entities are also owned beneficially.<br>|
|  | In addition, 18% of the outstanding shares of the Fund are owned by the Adviser or an affiliate of the Adviser. |

---

**29**

**Short-Term Investments Trust**

------

**Other Information Required in Form N-CSR (Items 8-11)**

**<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Proxy Disclosures for Open-End Management Investment Companies</u>**

Not applicable.

**<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>**

The aggregate remuneration paid to directors, officers and others is disclosed within the financial statements.

**<u>Statement Regarding Basis for Approval of Investment Advisory Contracts</u>**

Not applicable.

**30**

**Short-Term Investments Trust**

------

![](img54780d241.jpg)

SEC file numbers: 811-02729 and 002-58287

Invesco Distributors, Inc.

CM-STIT-NCSRS-RSC

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

This information is filed under Item 7 of this Form N-CSR.

------

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Not applicable.

------

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

------

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

------

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

------

Item 15. Submission of Matters to a Vote of Security Holders.

None.

------

Item 16. Controls and Procedures.

(a) As of a date within 90 days of the filing date of this report, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer ("PEO") and Principal Financial Officer ("PFO"), to assess the effectiveness of the Registrant's disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Act. Based on that evaluation, the Registrant's officers, including the PEO and PFO, concluded that the Registrant's disclosure controls and procedures were reasonably designed to ensure: (1) that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.

(b) There have been no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

------

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

------

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable.

------

Item 19. Exhibits.

(a)(1) Not applicable.

(a)(2) Not applicable.

[(a)(3) Certifications of the Registrant's PEO and PFO pursuant to Rule 30a-2(a) under the Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as Exhibit 99.CERT.](Section_302_Certification.htm)

(a)(4) Not applicable.

(a)(5) Not applicable.

[(b) Certifications of Registrant's PEO and PFO pursuant to Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached as Exhibit 99.906CERT.](Section_906_Certification.htm)

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) <u>Short-Term Investments Trust</u>

By: <u>/s/ Glenn Brightman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <u>.</u>

Name: Glenn Brightman

Title: Principal Executive Officer

Date: May 7, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: <u>/s/ Glenn Brightman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <u>.</u>

Name: Glenn Brightman

Title: Principal Executive Officer

Date: May 7, 2026

By: <u>/s/ Adrien Deberghes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

Name: Adrien Deberghes

Title: Principal Financial Officer

Date: May 7, 2026

------

## Ex-99.Cert

#### Exhibit 99.CERT

#### EXHIBIT (a)(3)
CERTIFICATIONS PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Glenn Brightman, certify that:

1. I have reviewed this report on Form N-CSR of Short-Term Investments Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation;

(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date:&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp; May 7, 2026</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Glenn Brightman</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glenn Brightman

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Executive Officer

------

#### Exhibit 99.CERT

#### EXHIBIT (a)(3)
CERTIFICATIONS PURSUANT TO RULE 30A-2(A) UNDER THE 1940 ACT AND SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Adrien Deberghes, certify that:

1. I have reviewed this report on Form N-CSR of Short-Term Investments Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation;

(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date:<u>May 7, 2026</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Adrien Deberghes</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adrien Deberghes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer

------

## Exhibit 99.906

#### Exhibit 99.906

#### &nbsp;&nbsp;&nbsp;&nbsp; EXHIBIT (b)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CERTIFICATIONS PURSUANT TO RULE 30A-2(B) UNDER THE 1940 ACT AND SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Certified Shareholder Report of Short-Term Investments Trust (the "Company") on Form N-CSR for the period ended February 28, 2026, as filed with the Securities and Exchange Commission (the "Report"), I, Glenn Brightman, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
| Date: May 7, 2026  | /s/ Glenn Brightman  |
|  | Glenn Brightman <br> Principal Executive Officer  |

---

#### Exhibit 99.906

------

#### &nbsp;&nbsp;&nbsp;&nbsp; EXHIBIT (b)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CERTIFICATIONS PURSUANT TO RULE 30A-2(B) UNDER THE 1940 ACT AND SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Certified Shareholder Report of Short-Term Investments Trust (the "Company") on Form N-CSR for the period ended February 28, 2026, as filed with the Securities and Exchange Commission (the "Report"), I, Adrien Deberghes, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
| Date: May 7, 2026  | /s/ Adrien Deberghes  |
|  | Adrien Deberghes <br> Principal Financial Officer  |

---

------