# EDGAR Filing Document

**Accession Number:** 0000005094
**File Stem:** 0001193125-25-271159
**Filing Date:** 2025-11
**Character Count:** 253217
**Document Hash:** 948e0c19044305ad8fd0389dfff2ebd0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-271159.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001193125-25-271159

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**EFFECTIVENESS DATE**: 20251107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Bond Fund
- **CENTRAL INDEX KEY:** 0000005094

**ORGANIZATION NAME:**
- **EIN:** 520906083
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02090
- **FILM NUMBER:** 251460685

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Invesco Van Kampen Bond Fund
- **DATE OF NAME CHANGE:** 20100601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN BOND FUND
- **DATE OF NAME CHANGE:** 19981006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN AMERICAN CAPITAL BOND FUND
- **DATE OF NAME CHANGE:** 19970728

?xml version='1.0' encoding='ASCII'? N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

#### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number <u>811-02090</u> 

Invesco Bond Fund

(Exact name of registrant as specified in charter)

1555 Peachtree Street, N.E., Suite 1800 Atlanta, Georgia 30309

(Address of principal executive offices) (Zip code)

Glenn Brightman 1555 Peachtree Street, N.E., Suite 1800 Atlanta, Georgia 30309

(Name and address of agent for service)

Registrant's telephone number, including area code: <u>(713) 626-1919</u> 

Date of fiscal year end: <u>February 28</u> 

Date of reporting period: <u>August 31, 2025</u> 

------

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:

------

![LOGO](g18137dsp001.jpg)

 <br> Semi-Annual Report to Shareholders August 31, 2025

### Invesco Bond Fund
NYSE: VBF

---

| | |
|:---|:---|
| 2 | [Fund Performance](#edg18137_1) |
| 2 | [Share Repurchase Program Notice](#edg18137_2) |
| 3 | [Dividend Reinvestment Plan](#edg18137_3) |
| 4 | [Schedule of Investments](#edg18137_4) |
| 26 | [Financial Statements](#edg18137_5) |
| 29 | [Financial Highlights](#edg18137_6) |
| 30 | [Notes to Financial Statements](#edg18137_7) |
| 37 | [Approval of Investment Advisory and Sub-Advisory Contracts](#edg18137_8) |
| 39 | [Proxy Results](#edg18137_9) |

---

Unless otherwise noted, all data is provided by Invesco.

NOT FDIC INSURED \| MAY LOSE VALUE \| NO BANK GUARANTEE

------

### Fund Performance
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Performance summary** |  |
| &nbsp;&nbsp;&nbsp;Cumulative total returns, 2/28/25 to 8/31/25 |  |
| &nbsp;&nbsp;Fund at NAV | 2.50% |
| &nbsp;&nbsp;Fund at Market Value | 1.96 |
| &nbsp;&nbsp;Bloomberg Baa U.S. Corporate Bond Index<sup>q</sup>(Broad Market/Style-Specific Index) | 2.76 |
| &nbsp;&nbsp;Market Price Discount to NAV as of 8/31/25 | -5.73 |
| &nbsp;&nbsp;&nbsp;Source(s): <sup>q</sup>RIMES Technologies Corp. |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The performance data quoted represent past performance and cannot guarantee future results; current performance may be lower or higher. Investment return, net asset value (NAV) and share market price will fluctuate so that you may have a gain or loss when you sell shares. Please visit invesco.com/us for the most recent month-end performance. Performance figures reflect Fund expenses, the reinvestment of distributions (if any) and changes in NAV for performance based on NAV and changes in market price for performance based on market price.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since the Fund is a closed-end management investment company, shares of the Fund may trade at a discount or premium from the NAV. This characteristic is separate and distinct from the risk that NAV could decrease as a result of investment activities and may be a greater risk to investors expecting to sell their shares after a short time. The Fund cannot predict whether shares will trade at, above or below NAV. The Fund should not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Bloomberg Baa U.S. Corporate Bond Index measures the Baa-rated, fixed-rate, taxable corporate bond market.<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Fund may deviate significantly from the performance of the index(es).<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses; performance of a market index does not.<br>

### Important Notice Regarding Share Repurchase Program
In September 2025, the Board of Trustees of the Fund approved a share repurchase program that allows the Fund to repurchase up to 25% of the 20-day average trading volume

of the Fund's common shares when the Fund is trading at a 10% or greater discount to its net asset value. The Fund will repurchase

shares pursuant to this program if the Adviser reasonably believes that such repurchases may enhance shareholder value.

2 Invesco Bond Fund

------

### Dividend Reinvestment Plan
The dividend reinvestment plan (the Plan) offers you a prompt and simple way to reinvest your dividends and capital gains distributions (Distributions) into additional shares of your Invesco closed-end Fund (the Fund). Under the Plan, the money you earn from Distributions will be reinvested automatically in more shares of the Fund, allowing you to potentially increase your investment over time. All shareholders in the Fund are automatically enrolled in the Plan when shares are purchased.

#### Plan benefits
∎ **Add to your account:** 

You may increase your shares in your Fund easily and automatically with the Plan.

∎ **Low transaction costs:** 

Shareholders who participate in the Plan may be able to buy shares at below-market prices when the Fund is trading at a premium to its net asset value (NAV). In addition , transaction costs are low because when new shares are issued by the Fund, there is no brokerage fee, and when shares are bought in blocks on the open market, the per share fee is shared among all participants. <br>

∎ **Convenience:** 

You will receive a detailed account statement from Computershare Trust Company, N.A. (the Agent), which administers the Plan. The statement shows your total Distributions, date of investment, shares acquired, and price per share, as well as the total number of shares in your reinvestment account. You can also access your account at invesco.com/closed-end. <br>

∎ **Safekeeping:** 

The Agent will hold the shares it has acquired for you in safekeeping.

#### Who can participate in the Plan
If you own shares in your own name, your purchase will automatically enroll you in the Plan. If your shares are held in "street name" – in the name of your brokerage firm, bank, or other financial institution – you must instruct that entity to participate on your behalf. If they are unable to participate on your behalf, you may request that they reregister your shares in your own name so that you may enroll in the Plan.

#### How to enroll
If you haven't participated in the Plan in the past or chose to opt out, you are still eligible to participate. Enroll by visiting invesco.com/closed-end, by calling toll-free 800 341 2929 or by notifying us in writing at Invesco Closed-End Funds, Computershare Trust Company, N.A., P.O. Box 43078, Providence, RI 02940-3078. If you are writing to us, please include the Fund name and account number and ensure that all shareholders listed on the account sign these written instructions. Your participation in the Plan will begin with the next Distribution payable after the Agent receives your authorization, as long as they receive it before the "record date," which is generally 10 business days before the Distribution is paid. If your authorization arrives after such record date, your participation in the Plan will begin with the following Distribution.

#### How the Plan works
If you choose to participate in the Plan, your Distributions will be promptly reinvested for you, automatically increasing your shares. If the Fund is trading at a share price that is equal to its NAV, you'll pay that amount for your reinvested shares. However, if the Fund is trading above or below NAV, the price is determined by one of two ways:

&nbsp;&nbsp;&nbsp;&nbsp;1. Premium: If the Fund is trading at a premium - a market price that is higher than its NAV -you'll pay either the NAV or 95 percent of

the market price, whichever is greater. When the Fund trades at a premium, you may pay less for your reinvested shares than an investor purchasing shares on the stock exchange. Keep in mind, a portion of your price reduction may be taxable because you are receiving shares at less than market price.

&nbsp;&nbsp;&nbsp;&nbsp;2. Discount: If the Fund is trading at a discount - a market price that is lower than its NAV - you'll pay the market price for your reinvested shares.

#### Costs of the Plan
There is no direct charge to you for reinvesting Distributions because the Plan's fees are paid by the Fund. If the Fund is trading at or above its NAV, your new shares are issued directly by the Fund and there are no brokerage charges or fees. However, if the Fund is trading at a discount , the shares are purchased on the open market, and you will pay your portion of any per share fees. These per share fees are typically less than the standard brokerage charges for individual transactions because shares are purchased for all participants in blocks, resulting in lower fees for each individual participant. Any service or per share fees are added to the purchase price. Per share fees include any applicable brokerage commissions the Agent is required to pay.

#### Tax implications
The automatic reinvestment of Distributions does not relieve you of any income tax that may be due on Distributions. You will receive tax information annually to help you prepare your federal income tax return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco does not offer tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used, by any taxpayer for avoiding penalties that may be imposed on the taxpayer under US federal tax laws. Federal and state tax laws are complex and constantly changing. Shareholders should always consult a legal or tax adviser for information concerning their individual situation.

#### How to withdraw from the Plan
You may withdraw from the Plan at any time by calling 800 341 2929, by visiting invesco.com/ closed-end or by writing to Invesco Closed-End Funds, Computershare Trust Company, N.A., P.O. Box 43078, Providence, RI 02940-3078. Simply indicate that you would like to withdraw from the Plan, and be sure to include your Fund name and account number. Also, ensure that all shareholders listed on the account sign these written instructions. If you withdraw, you have three options with regard to the shares held in the Plan:

&nbsp;&nbsp;&nbsp;&nbsp;1. If you opt to continue to hold your noncertificated whole shares (Investment Plan Book Shares), they will be held by the Agent electronically as Direct Registration Book-Shares (Book-Entry Shares) and fractional shares will be sold at the then-current market price. Proceeds will be sent via check to your address of record after deducting applicable fees, including per share fees such as any applicable brokerage commissions the Agent is required to pay.

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

&nbsp;&nbsp;&nbsp;&nbsp;2. If you opt to sell your shares through the Agent, we will sell all full and fractional shares and send the proceeds via check to your address of record after deducting $2.50 per account and a brokerage charge.

&nbsp;&nbsp;&nbsp;&nbsp;3. You may sell your shares through your financial adviser through the Direct Registration System (DRS). DRS is a service within the securities industry that allows Fund shares to be held in your name in electronic format. You retain full ownership of your shares, without having to hold a share certificate. You should contact your financial adviser to learn more about any restrictions or fees that may apply.

The Fund and Computershare Trust Company, N.A. may amend or terminate the Plan at any time. Participants will receive at least 30 days written notice before the effective date of any amendment. In the case of termination, Participants will receive at least 30 days written notice before the record date for the payment of any such Distributions by the Fund. In the case of amendment or termination necessary or appropriate to comply with applicable law or the rules and policies of the Securities and Exchange Commission or any other regulatory authority, such written notice will not be required.

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To obtain a complete copy of the current Dividend Reinvestment Plan, please call our Client Services department at 800 341 2929 or visit invesco.com/closed-end.
3 Invesco Bond Fund

------

### Schedule of Investments <sup>(a)</sup>
August 31, 2025

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **U.S. Dollar Denominated Bonds & Notes–84.86%** | **U.S. Dollar Denominated Bonds & Notes–84.86%** | **U.S. Dollar Denominated Bonds & Notes–84.86%** |
| **Advertising–0.10%** | **Advertising–0.10%** | **Advertising–0.10%** |
| Clear Channel Outdoor Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 02/15/2031<sup>(b)</sup> | $45000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45751 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.50%, 03/15/2033<sup>(b)</sup> | 45000 | 45833 |
| Interpublic Group of Cos., Inc. (The), 4.75%, 03/30/2030 | 87000 | 87764 |
|  |  | 179348 |
| **Aerospace & Defense–1.80%** |  |  |
| BAE Systems PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 03/26/2029<sup>(b)</sup> | 200000 | 206342 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/26/2054<sup>(b)</sup> | 580000 | 567173 |
| Boeing Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.30%, 05/01/2029 | 20000 | 21247 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.53%, 05/01/2034 | 52000 | 56980 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.81%, 05/01/2050 | 154000 | 148195 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.93%, 05/01/2060 | 207000 | 199023 |
| General Dynamics Corp., 4.95%, 08/15/2035 | 67000 | 67738 |
| Hexcel Corp., 5.88%, 02/26/2035 | 16000 | 16325 |
| Howmet Aerospace, Inc., 4.85%, 10/15/2031 | 10000 | 10247 |
| Huntington Ingalls Industries, Inc., 5.35%, 01/15/2030 | 20000 | 20625 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 01/15/2035 | 87000 | 90296 |
| L3Harris Technologies, Inc., 5.40%, 07/31/2033 | 33000 | 34104 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 07/31/2053 | 41000 | 39917 |
| Lockheed Martin Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 08/15/2030 | 105000 | 105883 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 02/15/2034 | 85000 | 85088 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 08/15/2034 | 5000 | 5019 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2035 | 188000 | 189268 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.15%, 06/15/2053 | 505000 | 396244 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 06/15/2062 | 43000 | 33499 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 11/15/2063 | 67000 | 68665 |
| Northrop Grumman Corp., 4.95%, 03/15/2053 | 32000 | 28504 |
| RTX Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 01/15/2029 | 60000 | 63015 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 03/15/2031 | 22000 | 23770 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 02/27/2033 | 127000 | 130518 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.10%, 03/15/2034 | 104000 | 112948 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.40%, 03/15/2054 | 81000 | 87728 |
| TransDigm, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 08/15/2028<sup>(b)</sup> | 133000 | 136895 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 03/01/2029<sup>(b)</sup> | 74000 | 75856 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 12/15/2030<sup>(b)</sup> | 90000 | 93394 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 12/01/2031<sup>(b)</sup> | 44000 | 45919 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 01/15/2033<sup>(b)</sup> | 89000 | 90063 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 05/31/2033<sup>(b)</sup> | 75000 | 76184 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/31/2034<sup>(b)</sup> | 49000 | 50314 |
|  |  | 3376986 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Agricultural & Farm Machinery–0.57%** | **Agricultural & Farm Machinery–0.57%** |  |
| AGCO Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/21/2027 | $11000 | $11149 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 03/21/2034 | 83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85506 |
| CNH Industrial Capital LLC, 4.75%, 03/21/2028 | 46000 | 46529 |
| Imperial Brands Finance PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 06/30/2028<sup>(b)</sup> | 205000 | 206369 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 07/01/2035<sup>(b)</sup> | 200000 | 202114 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 07/01/2055<sup>(b)</sup> | 240000 | 241074 |
| John Deere Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 10/15/2030 | 144000 | 145221 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 04/11/2034 | 130000 | 133332 |
|  |  | 1071294 |
| **Agricultural Products & Services–0.27%** | **Agricultural Products & Services–0.27%** |  |
| Bunge Ltd. Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 08/04/2030 | 292000 | 293673 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 08/04/2035 | 173000 | 173530 |
| Cargill, Inc., 4.75%, 04/24/2033<sup>(b)</sup> | 43000 | 43294 |
|  |  | 510497 |
| **Air Freight & Logistics–0.32%** | **Air Freight & Logistics–0.32%** |  |
| GXO Logistics, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 05/06/2029 | 61000 | 64005 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 05/06/2034 | 94000 | 99487 |
| United Parcel Service, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/15/2030 | 82000 | 83842 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 05/22/2034 | 88000 | 90718 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/14/2035 | 103000 | 105638 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 05/22/2054 | 168000 | 161359 |
|  |  | 605049 |
| **Alternative Carriers–0.06%** | **Alternative Carriers–0.06%** |  |
| Lumen Technologies, Inc., 10.00%, 10/15/2032<sup>(b)</sup> | 18000 | 18255 |
| Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, 10/01/2031<sup>(b)</sup> | 88000 | 91612 |
|  |  | 109867 |
| **Apparel Retail–0.01%** | **Apparel Retail–0.01%** |  |
| Saks Global Enterprises LLC, 11.00%, 12/15/2029<sup>(b)</sup> | 53640 | 21719 |
| **Application Software–0.39%** | **Application Software–0.39%** |  |
| Autodesk, Inc., 5.30%, 06/15/2035 | 79000 | 80438 |
| Cadence Design Systems, Inc., 4.70%, 09/10/2034 | 41000 | 40605 |
| Cloud Software Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 03/31/2029<sup>(b)</sup> | 65000 | 65767 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.25%, 06/30/2032<sup>(b)</sup> | 26000 | 27817 |
| Fair Isaac Corp., 6.00%, 05/15/2033<sup>(b)</sup> | 17000 | 17271 |
| Intuit, Inc., 5.20%, 09/15/2033 | 135000 | 140059 |
| Roper Technologies, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.45%, 09/15/2030 | 59000 | 59148 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 09/15/2035 | 151000 | 150692 |

---

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

4 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Application Software–(continued)** | **Application Software–(continued)** | **Application Software–(continued)** |  |
| SS&C Technologies, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 09/30/2027<sup>(b)</sup> | $| 85000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85086 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 06/01/2032<sup>(b)</sup> |  | 19000 | 19731 |
| Synopsys, Inc., 5.70%, 04/01/2055 |  | 45000 | 44224 |
|  |  |  | 730838 |
| **Asset Management & Custody Banks–0.80%** | **Asset Management & Custody Banks–0.80%** | **Asset Management & Custody Banks–0.80%** |  |
| Affiliated Managers Group, Inc., 5.50%, 08/20/2034 |  | 253000 | 256779 |
| Ameriprise Financial, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/13/2032 |  | 21000 | 20996 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 05/15/2033 |  | 155000 | 159414 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/15/2035 |  | 256000 | 259158 |
| Bank of New York Mellon Corp. (The), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.89%, 07/21/2028<sup>(c)</sup> |  | 5000 | 5082 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.06%, 07/22/2032<sup>(c)</sup> |  | 87000 | 89651 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.83%, 10/25/2033<sup>(c)</sup> |  | 48000 | 51308 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.32%, 06/06/2036<sup>(c)</sup> |  | 82000 | 84126 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series J, 4.97%, 04/26/2034<sup>(c)</sup> |  | 51000 | 51516 |
| BlackRock, Inc., 4.75%, 05/25/2033 |  | 141000 | 143207 |
| Brookfield Asset Management Ltd. (Canada), 5.80%, 04/24/2035 |  | 217000 | 224999 |
| Carlyle Holdings II Finance LLC, 5.63%, 03/30/2043<sup>(b)</sup> |  | 15000 | 14649 |
| Citadel L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 01/23/2030<sup>(b)</sup> |  | 14000 | 14592 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 01/23/2032<sup>(b)</sup> |  | 30000 | 31608 |
| Golub Capital Private Credit Fund, 5.45%, 08/15/2028<sup>(b)</sup> |  | 74000 | 74317 |
| State Street Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.34% (SOFR + 0.95%), 04/24/2028<sup>(d)</sup> |  | 2000 | 2014 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.73%, 02/28/2030 |  | 6000 | 6136 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.83%, 04/24/2030 |  | 3000 | 3082 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 02/28/2036<sup>(c)</sup> |  | 8000 | 8104 |
|  |  |  | 1500738 |
| **Automobile Manufacturers–1.87%** | **Automobile Manufacturers–1.87%** | **Automobile Manufacturers–1.87%** |  |
| Allison Transmission, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 10/01/2027<sup>(b)</sup> |  | 6000 | 5952 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 01/30/2031<sup>(b)</sup> |  | 408000 | 376812 |
| Daimler Truck Finance North America LLC (Germany), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/12/2030<sup>(b)</sup> |  | 150000 | 150336 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/12/2032<sup>(b)</sup> |  | 332000 | 332300 |
| Ford Motor Credit Co. LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.95%, 06/10/2026 |  | 335000 | 339451 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.35%, 11/04/2027 |  | 7000 | 7290 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.92%, 03/20/2028 |  | 200000 | 203037 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.20%, 06/10/2030 |  | 135000 | 143497 |
| Honda Motor Co. Ltd. (Japan), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 07/08/2030 |  | 184000 | 185773 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.34%, 07/08/2035 |  | 292000 | 293714 |
| Hyundai Capital America, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/30/2026<sup>(b)</sup> |  | 31000 | 31191 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 06/23/2027<sup>(b)</sup> |  | 131000 | 132187 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/07/2028<sup>(b)</sup> |  | 161000 | 163245 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 03/30/2028<sup>(b)</sup> |  | 4000 | 4119 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 03/19/2029<sup>(b)</sup> |  | 2000 | 2054 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 01/08/2030<sup>(b)</sup> |  | 70000 | 72114 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |  |
| Mercedes-Benz Finance North America LLC (Germany), 5.13%, 08/01/2034<sup>(b)</sup> | $| 214000 | $214917 |
| Nissan Motor Co. Ltd. (Japan), 4.81%, 09/17/2030<sup>(b)</sup> |  | 200000 | 186986 |
| Toyota Motor Credit Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 08/09/2029 |  | 3000 | 3053 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/09/2035 |  | 97000 | 100214 |
| Volkswagen Group of America Finance LLC (Germany), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/22/2029<sup>(b)</sup> |  | 255000 | 260134 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 03/22/2034<sup>(b)</sup> |  | 300000 | 305149 |
|  |  |  | 3513525 |
| **Automotive Parts & Equipment–0.51%** | **Automotive Parts & Equipment–0.51%** | **Automotive Parts & Equipment–0.51%** |  |
| BMW US Capital LLC (Germany), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 08/11/2030<sup>(b)</sup> |  | 56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56070 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 08/11/2035<sup>(b)</sup> |  | 147000 | 146266 |
| Clarios Global L.P./Clarios US Finance Co., 6.75%, 02/15/2030<sup>(b)</sup> |  | 148000 | 153453 |
| Cougar JV Subsidiary LLC, 8.00%, 05/15/2032<sup>(b)</sup> |  | 88000 | 93362 |
| ERAC USA Finance LLC, 4.90%,<br> 05/01/2033<sup>(b)</sup> |  | 149000 | 150682 |
| Forvia SE (France), 8.00%, 06/15/2030<sup>(b)</sup> |  | 68000 | 71793 |
| Magna International, Inc. (Canada), 5.88%, 06/01/2035 |  | 32000 | 33311 |
| NESCO Holdings II, Inc., 5.50%, 04/15/2029<sup>(b)</sup> |  | 98000 | 95675 |
| PHINIA, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 04/15/2029<sup>(b)</sup> |  | 40000 | 41340 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 10/15/2032<sup>(b)</sup> |  | 52000 | 53448 |
| ZF North America Capital, Inc. (Germany), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 04/14/2028<sup>(b)</sup> |  | 39000 | 39532 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 04/14/2030<sup>(b)</sup> |  | 18000 | 17935 |
|  |  |  | 952867 |
| **Automotive Retail–0.57%** | **Automotive Retail–0.57%** | **Automotive Retail–0.57%** |  |
| Advance Auto Parts, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 03/09/2028 |  | 11000 | 11209 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 08/01/2030<sup>(b)</sup> |  | 73000 | 74958 |
| Asbury Automotive Group, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/2029<sup>(b)</sup> |  | 71000 | 69118 |
| AutoZone, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 08/01/2032 |  | 43000 | 43094 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 08/01/2033 |  | 83000 | 84721 |
| Carvana Co., 0.00% PIK Rate, 9.00% Cash Rate, 06/01/2031<sup>(b)(e)</sup> |  | 89880 | 102052 |
| Group 1 Automotive, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 08/15/2028<sup>(b)</sup> |  | 98000 | 95158 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 01/15/2030<sup>(b)</sup> |  | 92000 | 94437 |
| LCM Investments Holdings II LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 05/01/2029<sup>(b)</sup> |  | 49000 | 48150 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.25%, 08/01/2031<sup>(b)</sup> |  | 88000 | 93364 |
| Lithia Motors, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 12/15/2027<sup>(b)</sup> |  | 94000 | 93206 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 01/15/2031<sup>(b)</sup> |  | 101000 | 96057 |
| O'Reilly Automotive, Inc., 5.00%, 08/19/2034 |  | 156000 | 156168 |
|  |  |  | 1061692 |

---

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

5 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Biotechnology–0.34%** |  |  |  |
| AbbVie, Inc., 5.50%, 03/15/2064 | $| 148000 | $142314 |
| Amgen, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/02/2030 |  | 18000 | 18651 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/02/2063 |  | 312000 | 300101 |
| Gilead Sciences, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 10/15/2033 |  | 115000 | 119505 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 10/15/2053 |  | 54000 | 52868 |
|  |  |  | 633439 |
| **Broadcasting–0.13%** | **Broadcasting–0.13%** | **Broadcasting–0.13%** |  |
| Gray Media, Inc., 9.63%, 07/15/2032<sup>(b)</sup> |  | 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27159 |
| Paramount Global, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 09/01/2043 |  | 69000 | 62118 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 05/19/2050 |  | 69000 | 53912 |
| Univision Communications, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 08/15/2028<sup>(b)</sup> |  | 51000 | 52974 |
| &nbsp;&nbsp;&nbsp;&nbsp;9.38%, 08/01/2032<sup>(b)</sup> |  | 47000 | 49525 |
|  |  |  | 245688 |
| **Broadline Retail–0.24%** | **Broadline Retail–0.24%** | **Broadline Retail–0.24%** |  |
| El Puerto de Liverpool S.A.B. de C.V. (Mexico), 6.66%, 01/22/2037<sup>(b)</sup> |  | 200000 | 212340 |
| Macy's Retail Holdings LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 03/15/2032<sup>(b)</sup> |  | 7000 | 6840 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 08/01/2033<sup>(b)</sup> |  | 128000 | 131588 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.70%, 07/15/2034<sup>(b)</sup> |  | 113000 | 98741 |
|  |  |  | 449509 |
| **Building Products–0.26%** | **Building Products–0.26%** | **Building Products–0.26%** |  |
| Amrize Finance US LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 04/07/2028<sup>(b)</sup> |  | 112000 | 113417 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 04/07/2030<sup>(b)</sup> |  | 29000 | 29611 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 04/07/2035<sup>(b)</sup> |  | 160000 | 162423 |
| Carrier Global Corp., 5.90%, 03/15/2034 |  | 22000 | 23465 |
| Lennox International, Inc., 5.50%, 09/15/2028 |  | 55000 | 57006 |
| New Enterprise Stone & Lime Co., Inc., 5.25%, 07/15/2028<sup>(b)</sup> |  | 94000 | 92996 |
|  |  |  | 478918 |
| **Cable & Satellite–1.00%** | **Cable & Satellite–1.00%** | **Cable & Satellite–1.00%** |  |
| CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 06/01/2029<sup>(b)</sup> |  | 58000 | 57586 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 09/01/2029<sup>(b)</sup> |  | 23000 | 23366 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 03/01/2031<sup>(b)</sup> |  | 16000 | 16565 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 02/01/2032<sup>(b)</sup> |  | 38000 | 35273 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/01/2032 |  | 169000 | 154649 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 06/01/2033<sup>(b)</sup> |  | 141000 | 125879 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/15/2034<sup>(b)</sup> |  | 110000 | 95594 |
| Charter Communications Operating LLC/ Charter Communications Operating Capital Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.65%, 02/01/2034 |  | 181000 | 193139 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 12/01/2035 |  | 150000 | 150322 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 04/01/2048 |  | 113000 | 100769 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.70%, 12/01/2055 |  | 130000 | 128521 |
| Comcast Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 11/15/2032 |  | 127000 | 133926 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 05/15/2055 |  | 348000 | 352316 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Cable & Satellite–(continued)** |  |  |  |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 08/15/2027<sup>(b)</sup> | $| 47000 | $46801 |
| &nbsp;&nbsp;&nbsp;&nbsp;10.00%, 02/15/2031<sup>(b)</sup> |  | 47000 | 46753 |
| Sinclair Television Group, Inc., 8.13%, 02/15/2033<sup>(b)</sup> |  | 18000 | 18457 |
| Virgin Media Secured Finance PLC (United Kingdom), 5.50%, 05/15/2029<sup>(b)</sup> |  | 200000 | 197063 |
|  |  |  | 1876979 |
| **Cargo Ground Transportation–0.07%** | **Cargo Ground Transportation–0.07%** | **Cargo Ground Transportation–0.07%** |  |
| Penske Truck Leasing Co. L.P./PTL Finance Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 05/24/2026<sup>(b)</sup> |  | 8000 | 8062 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/12/2027<sup>(b)</sup> |  | 5000 | 5061 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 07/01/2027<sup>(b)</sup> |  | 9000 | 9022 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 02/01/2028<sup>(b)</sup> |  | 34000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35018 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 05/01/2028<sup>(b)</sup> |  | 44000 | 45388 |
| Ryder System, Inc., 4.90%, 12/01/2029 |  | 34000 | 34740 |
|  |  |  | 137291 |
| **Casinos & Gaming–0.15%** | **Casinos & Gaming–0.15%** | **Casinos & Gaming–0.15%** |  |
| Studio City Finance Ltd. (Macau), 5.00%, 01/15/2029<sup>(b)</sup> |  | 200000 | 189698 |
| Voyager Parent LLC, 9.25%, 07/01/2032<sup>(b)</sup> |  | 89000 | 93984 |
|  |  |  | 283682 |
| **Commercial & Residential Mortgage Finance–0.61%** | **Commercial & Residential Mortgage Finance–0.61%** | **Commercial & Residential Mortgage Finance–0.61%** |  |
| Aviation Capital Group LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 11/01/2027<sup>(b)</sup> |  | 8000 | 7854 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 04/15/2028<sup>(b)</sup> |  | 7000 | 7314 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 10/25/2028<sup>(b)</sup> |  | 67000 | 71435 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 10/24/2030<sup>(b)</sup> |  | 284000 | 283983 |
| Nationstar Mortgage Holdings, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 08/01/2029<sup>(b)</sup> |  | 90000 | 92420 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 02/01/2032<sup>(b)</sup> |  | 87000 | 90752 |
| Nationwide Building Society (United Kingdom), 6.56%, 10/18/2027<sup>(b)(c)</sup> |  | 242000 | 247732 |
| PennyMac Financial Services, Inc., 4.25%, 02/15/2029<sup>(b)</sup> |  | 49000 | 47297 |
| Radian Group, Inc., 6.20%, 05/15/2029 |  | 46000 | 48209 |
| Rocket Cos., Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 08/01/2030<sup>(b)</sup> |  | 102000 | 105022 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 08/01/2033<sup>(b)</sup> |  | 22000 | 22857 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.88%, 10/15/2026<sup>(b)</sup> |  | 24000 | 23508 |
| Walker & Dunlop, Inc., 6.63%, 04/01/2033<sup>(b)</sup> |  | 91000 | 94745 |
|  |  |  | 1143128 |
| **Computer & Electronics Retail–0.26%** | **Computer & Electronics Retail–0.26%** | **Computer & Electronics Retail–0.26%** |  |
| Dell International LLC/EMC Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.02%, 06/15/2026 |  | 53000 | 53473 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 04/01/2035 |  | 359000 | 365844 |
| Leidos, Inc., 5.75%, 03/15/2033 |  | 70000 | 73403 |
|  |  |  | 492720 |

---

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

6 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Construction & Engineering–0.10%** |  |  |  |
| AECOM, 6.00%, 08/01/2033<sup>(b)</sup> | $| 185000 | $188950 |
| **Construction Machinery & Heavy Transportation Equipment– 0.58%** | **Construction Machinery & Heavy Transportation Equipment– 0.58%** | **Construction Machinery & Heavy Transportation Equipment– 0.58%** |  |
| Caterpillar, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 05/15/2035 |  | 105000 | 107640 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 05/15/2055 |  | 25000 | 24822 |
| Cummins, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 02/15/2031 |  | 268000 | 272414 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 05/09/2035 |  | 305000 | 311780 |
| Northriver Midstream Finance L.P. (Canada), 6.75%, 07/15/2032<sup>(b)</sup> |  | 96000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98793 |
| Westinghouse Air Brake Technologies Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 05/29/2030 |  | 71000 | 72659 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 05/29/2035 |  | 194000 | 199131 |
|  |  |  | 1087239 |
| **Construction Materials–0.08%** | **Construction Materials–0.08%** | **Construction Materials–0.08%** |  |
| JH North America Holdings, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 01/31/2031<sup>(b)</sup> |  | 88000 | 89026 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 07/31/2032<sup>(b)</sup> |  | 58000 | 58906 |
|  |  |  | 147932 |
| **Consumer Electronics–0.06%** | **Consumer Electronics–0.06%** | **Consumer Electronics–0.06%** |  |
| LG Electronics, Inc. (South Korea), 5.63%, 04/24/2029<sup>(b)</sup> |  | 100000 | 104167 |
| **Consumer Finance–0.87%** | **Consumer Finance–0.87%** | **Consumer Finance–0.87%** |  |
| American Express Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 04/23/2027<sup>(c)</sup> |  | 4000 | 4033 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.73%, 04/25/2029<sup>(c)</sup> |  | 4000 | 4066 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65% (SOFR + 1.26%), 04/25/2029<sup>(d)</sup> |  | 165000 | 167375 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.53%, 04/25/2030<sup>(c)</sup> |  | 83000 | 86694 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.02%, 04/25/2031<sup>(c)</sup> |  | 233000 | 239477 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.44%, 01/30/2036<sup>(c)</sup> |  | 107000 | 110032 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.67%, 04/25/2036<sup>(c)</sup> |  | 148000 | 154709 |
| Capital One Financial Corp., 7.15%, 10/29/2027<sup>(c)</sup> |  | 38000 | 39169 |
| EZCORP, Inc., 7.38%, 04/01/2032<sup>(b)</sup> |  | 177000 | 187068 |
| FirstCash, Inc., 6.88%, 03/01/2032<sup>(b)</sup> |  | 177000 | 183892 |
| goeasy Ltd. (Canada), 6.88%, 02/15/2031<sup>(b)</sup> |  | 67000 | 67044 |
| Navient Corp., 5.00%, 03/15/2027 |  | 100000 | 99337 |
| OneMain Finance Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 05/15/2029 |  | 57000 | 58684 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 09/15/2030 |  | 26000 | 24050 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 03/15/2032 |  | 45000 | 46124 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 09/15/2032 |  | 83000 | 86528 |
| Synchrony Financial, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.02%, 07/29/2029<sup>(c)</sup> |  | 35000 | 35256 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 07/29/2036<sup>(c)</sup> |  | 45000 | 45514 |
|  |  |  | 1639052 |
| **Consumer Staples Merchandise Retail–0.38%** | **Consumer Staples Merchandise Retail–0.38%** | **Consumer Staples Merchandise Retail–0.38%** |  |
| Dollar General Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/2032 |  | 19000 | 19171 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 11/01/2052 |  | 492000 | 459438 |
| Target Corp., 5.00%, 04/15/2035 |  | 161000 | 161513 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Consumer Staples Merchandise Retail–(continued)** | **Consumer Staples Merchandise Retail–(continued)** | **Consumer Staples Merchandise Retail–(continued)** |  |
| Walmart, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 04/28/2035 | $| 4000 | $4065 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 09/09/2052 |  | 80000 | 69431 |
|  |  |  | 713618 |
| **Copper–0.00%** | **Copper–0.00%** | **Copper–0.00%** |  |
| Freeport-McMoRan, Inc., 4.38%, 08/01/2028 |  | 9000 | 9024 |
| **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** | **Distillers & Vintners–0.03%** |  |
| Brown-Forman Corp., 4.75%, 04/15/2033 |  | 21000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21134 |
| Constellation Brands, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 05/01/2030 |  | 16000 | 16253 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 05/01/2033 |  | 15000 | 14972 |
|  |  |  | 52359 |
| **Distributors–0.20%** | **Distributors–0.20%** | **Distributors–0.20%** |  |
| Genuine Parts Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 11/01/2028 |  | 123000 | 131019 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 08/15/2029 |  | 80000 | 81696 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 11/01/2033 |  | 149000 | 167416 |
|  |  |  | 380131 |
| **Diversified Banks–14.24%** | **Diversified Banks–14.24%** | **Diversified Banks–14.24%** |  |
| Africa Finance Corp. (Supranational), 4.38%, 04/17/2026<sup>(b)</sup> |  | 1080000 | 1075964 |
| Australia and New Zealand Banking Group Ltd. (Australia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.74%, 12/08/2032<sup>(b)</sup> |  | 333000 | 366269 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 09/30/2035<sup>(b)(c)</sup> |  | 425000 | 422333 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%<sup>(b)(c)(f)</sup> |  | 784000 | 795017 |
| Banco Bilbao Vizcaya Argentaria S.A. (Spain), 9.38%<sup>(c)(f)</sup> |  | 14000 | 15509 |
| Banco Santander S.A. (Spain), 5.55%, 03/14/2028<sup>(c)</sup> |  | 200000 | 203611 |
| Bank of America Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.23% (SOFR + 0.83%), 01/24/2029<sup>(d)</sup> |  | 4000 | 4007 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.62%, 05/09/2029<sup>(c)</sup> |  | 4000 | 4046 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.16%, 01/24/2031<sup>(c)</sup> |  | 37000 | 38197 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.41% (SOFR + 1.01%), 01/24/2031<sup>(d)</sup> |  | 79000 | 79037 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.43%, 08/15/2035<sup>(c)</sup> |  | 142000 | 142982 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.51%, 01/24/2036<sup>(c)</sup> |  | 200000 | 206135 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.46%, 05/09/2036<sup>(c)</sup> |  | 184000 | 189077 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 05/14/2038 |  | 650000 | 782110 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.68%, 06/19/2041<sup>(c)</sup> |  | 6000 | 4327 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%<sup>(c)(f)</sup> |  | 184000 | 189889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series DD, 6.30%<sup>(c)(f)</sup> |  | 125000 | 125807 |
| Bank of Montreal (Canada), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.70%, 05/26/2084<sup>(c)</sup> |  | 456000 | 476584 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.30%, 11/26/2084<sup>(c)</sup> |  | 250000 | 262589 |
| Bank of New Zealand (New Zealand), 5.70%, 01/28/2035<sup>(b)(c)</sup> |  | 256000 | 264283 |
| Bank of Nova Scotia (The) (Canada), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.63%, 10/27/2082<sup>(c)</sup> |  | 429000 | 455433 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 01/27/2084<sup>(c)</sup> |  | 235000 | 250994 |
| Banque Federative du Credit Mutuel |  |  |  |
| (France), 4.59%, 10/16/2028<sup>(b)</sup> |  | 397000 | 400742 |

---

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

7 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Diversified Banks–(continued)** |  |  |
| Barclays PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.37%, 02/25/2031<sup>(c)</sup> | $209000 | $215629 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.86%, 08/11/2046<sup>(c)</sup> | 200000 | 198811 |
| BNP Paribas S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.79%, 05/09/2029<sup>(b)(c)</sup> | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;201935 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.83% (SOFR + 1.43%), 05/09/2029<sup>(b)(d)</sup> | 417000 | 422031 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.09%, 05/09/2031<sup>(b)(c)</sup> | 400000 | 406523 |
| BPCE S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.29%, 01/14/2036<sup>(b)(c)</sup> | 250000 | 263192 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.92%, 01/14/2046<sup>(b)(c)</sup> | 271000 | 282814 |
| CaixaBank S.A. (Spain), 4.89%, 07/03/2031<sup>(b)(c)</sup> | 200000 | 202407 |
| Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55% (SOFR + 1.14%), 05/07/2028<sup>(d)</sup> | 8000 | 8057 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.17%, 02/13/2030<sup>(c)</sup> | 44000 | 45160 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.54%, 09/19/2030<sup>(c)</sup> | 111000 | 111546 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 05/07/2031<sup>(c)</sup> | 266000 | 271088 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.87% (SOFR + 1.46%), 05/07/2031<sup>(d)</sup> | 7000 | 7117 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.57%, 06/03/2031<sup>(c)</sup> | 7000 | 6428 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.17%, 05/25/2034<sup>(c)</sup> | 187000 | 197075 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.83%, 02/13/2035<sup>(c)</sup> | 160000 | 164549 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.41%, 09/19/2039<sup>(c)</sup> | 204000 | 202058 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.61%, 03/04/2056<sup>(c)</sup> | 411000 | 401504 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AA, 7.63%<sup>(c)(f)</sup> | 206000 | 215981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series BB, 7.20%<sup>(c)(f)</sup> | 143000 | 147575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series DD, 7.00%<sup>(c)(f)</sup> | 166000 | 174647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series W, 4.00%<sup>(c)(f)</sup> | 250000 | 248280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series Y, 4.15%<sup>(c)(f)</sup> | 95000 | 92959 |
| Comerica, Inc., 5.98%, 01/30/2030<sup>(c)</sup> | 20000 | 20754 |
| Corporacion Financiera de Desarrollo S.A. (Peru), 5.95%, 04/30/2029<sup>(b)</sup> | 200000 | 206958 |
| Credit Agricole S.A. (France), 5.22%, 05/27/2031<sup>(b)(c)</sup> | 250000 | 255855 |
| Fifth Third Bancorp, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.34%, 07/27/2029<sup>(c)</sup> | 7000 | 7390 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.77%, 07/28/2030<sup>(c)</sup> | 41000 | 41516 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.34%, 04/25/2033<sup>(c)</sup> | 45000 | 43550 |
| HSBC Holdings PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.29%, 11/19/2030<sup>(c)</sup> | 290000 | 299145 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 03/03/2031<sup>(c)</sup> | 200000 | 204938 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.24%, 05/13/2031<sup>(c)</sup> | 253000 | 260153 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.97% (SOFR + 1.57%), 05/13/2031<sup>(d)</sup> | 458000 | 466231 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.40%, 11/13/2034<sup>(c)</sup> | 305000 | 343794 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.79%, 05/13/2036<sup>(c)</sup> | 282000 | 293503 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%<sup>(c)(f)</sup> | 216000 | 223309 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.05%<sup>(c)(f)</sup> | 249000 | 257496 |
| ING Groep N.V. (Netherlands), 5.34%, 03/19/2030<sup>(c)</sup> | 200000 | 206515 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Diversified Banks–(continued)** |  |  |
| JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.57%, 04/22/2028<sup>(c)</sup> | $4000 | $4086 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.32%, 04/26/2028<sup>(c)</sup> | 4000 | 4005 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.92%, 01/24/2029<sup>(c)</sup> | 2000 | 2036 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 07/24/2029<sup>(c)</sup> | 4000 | 4121 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.01%, 01/23/2030<sup>(c)</sup> | 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42003 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.58%, 04/22/2030<sup>(c)</sup> | 51000 | 53257 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/22/2030<sup>(c)</sup> | 93000 | 95405 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 10/22/2030<sup>(c)</sup> | 5000 | 5056 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.14%, 01/24/2031<sup>(c)</sup> | 83000 | 85558 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 04/22/2031<sup>(c)</sup> | 125000 | 128999 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.59%, 04/26/2033<sup>(c)</sup> | 63000 | 62755 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.72%, 09/14/2033<sup>(c)</sup> | 167000 | 175381 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.34%, 01/23/2035<sup>(c)</sup> | 48000 | 49322 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/24/2036<sup>(c)</sup> | 113000 | 116729 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.57%, 04/22/2036<sup>(c)</sup> | 106000 | 110246 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.58%, 07/23/2036<sup>(c)</sup> | 108000 | 110431 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.53%, 11/29/2045<sup>(c)</sup> | 198000 | 198962 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series W, 5.47% (3 mo. Term SOFR + 1.26%), 05/15/2047<sup>(d)</sup> | 232000 | 206426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series NN, 6.88%<sup>(c)(f)</sup> | 121000 | 127446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series OO, 6.50%<sup>(c)(f)</sup> | 455000 | 468456 |
| KeyBank N.A., 5.85%, 11/15/2027 | 7000 | 7222 |
| KeyCorp, 2.55%, 10/01/2029 | 18000 | 16841 |
| Mitsubishi UFJ Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.26%, 04/17/2030<sup>(c)</sup> | 344000 | 355299 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.16%, 04/24/2031<sup>(c)</sup> | 206000 | 212561 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.87% (SOFR + 1.48%), 04/24/2031<sup>(d)</sup> | 200000 | 203848 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.41%, 04/19/2034<sup>(c)</sup> | 205000 | 214002 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.43%, 04/17/2035<sup>(c)</sup> | 364000 | 375437 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.57%, 01/16/2036<sup>(c)</sup> | 287000 | 298716 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.62%, 04/24/2036<sup>(c)</sup> | 231000 | 240910 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.20%<sup>(c)(f)</sup> | 222000 | 242996 |
| Mizuho Financial Group, Inc. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 07/10/2030<sup>(c)</sup> | 200000 | 207260 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 07/08/2031<sup>(c)</sup> | 223000 | 225680 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.59%, 07/10/2035<sup>(c)</sup> | 325000 | 338426 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.32%, 07/08/2036<sup>(c)</sup> | 395000 | 401356 |
| Morgan Stanley Private Bank N.A., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.47%, 07/06/2028<sup>(c)</sup> | 250000 | 251194 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.73%, 07/18/2031<sup>(c)</sup> | 250000 | 253590 |
| National Australia Bank Ltd. (Australia), 5.90%, 01/14/2036<sup>(b)(c)</sup> | 494000 | 514047 |
| National Securities Clearing Corp., 5.10%, 11/21/2027<sup>(b)</sup> | 8000 | 8178 |
| Nordea Bank Abp (Finland), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 08/28/2030<sup>(b)</sup> | 401000 | 401754 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.30%<sup>(b)(c)(f)</sup> | 200000 | 200477 |
| PNC Financial Services Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.58%, 06/12/2029<sup>(c)</sup> | 4000 | 4150 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 06/06/2033<sup>(c)</sup> | 7000 | 6891 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.07%, 01/24/2034<sup>(c)</sup> | 56000 | 56676 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.37%, 07/21/2036<sup>(c)</sup> | 146000 | 148424 |
| Royal Bank of Canada (Canada), 7.50%, 05/02/2084<sup>(c)</sup> | 414000 | 433889 |

---

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

8 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Standard Chartered PLC (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 02/08/2028<sup>(b)(c)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112537 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.01%, 10/15/2030<sup>(b)(c)</sup> |  | 200000 | 203660 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.24%, 05/13/2031<sup>(b)(c)</sup> |  | 200000 | 205154 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.08% (SOFR + 1.68%), 05/13/2031<sup>(b)(d)</sup> |  | 200000 | 203979 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 08/12/2036<sup>(b)(c)</sup> |  | 363000 | 362798 |
| Sumitomo Mitsui Trust Bank Ltd. (Japan),<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/07/2029<sup>(b)</sup> |  | 206000 | 212657 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 03/07/2034<sup>(b)</sup> |  | 200000 | 206517 |
| Synovus Bank, 5.63%, 02/15/2028 |  | 896000 | 914871 |
| Toronto-Dominion Bank (The) (Canada),<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.78%, 12/17/2029 |  | 4000 | 4089 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.13%, 10/31/2082<sup>(c)</sup> |  | 349000 | 368419 |
| U.S. Bancorp, 5.78%, 06/12/2029<sup>(c)</sup> |  | 5000 | 5211 |
| Wells Fargo & Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.71%, 04/22/2028<sup>(c)</sup> |  | 4000 | 4092 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.76% (SOFR + 1.37%), 04/23/2029<sup>(d)</sup> |  | 142000 | 144268 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.57%, 07/25/2029<sup>(c)</sup> |  | 43000 | 44585 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 01/23/2030<sup>(c)</sup> |  | 49000 | 50481 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 04/23/2031<sup>(c)</sup> |  | 225000 | 231797 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.39%, 04/24/2034<sup>(c)</sup> |  | 41000 | 42206 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.56%, 07/25/2034<sup>(c)</sup> |  | 25000 | 25967 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/23/2035<sup>(c)</sup> |  | 85000 | 87748 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.61%, 04/23/2036<sup>(c)</sup> |  | 288000 | 299130 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 11/02/2043 |  | 469000 | 447526 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.85%<sup>(c)(f)</sup> |  | 144000 | 151215 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.63%<sup>(c)(f)</sup> |  | 111000 | 118828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series BB, 3.90%<sup>(c)(f)</sup> |  | 101000 | 100092 |
| Westpac Banking Corp. (Australia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.41%, 08/10/2033<sup>(c)</sup> |  | 14000 | 14314 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.62%, 11/20/2035<sup>(c)</sup> |  | 102000 | 103880 |
|  |  |  | 26709940 |
| **Diversified Capital Markets–0.58%** | **Diversified Capital Markets–0.58%** | **Diversified Capital Markets–0.58%** |  |
| Amazon Conservation DAC (Ecuador), 6.03%, 01/16/2042<sup>(b)</sup> |  | 305000 | 310545 |
| Credit Suisse Group AG (Switzerland), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%<sup>(b)(c)(f)(g)(h)</sup> |  | 268000 | 16080 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%<sup>(b)(c)(f)(g)(h)</sup> |  | 248000 | 14880 |
| Sixth Street Lending Partners, 6.13%, 07/15/2030<sup>(b)</sup> |  | 2000 | 2063 |
| UBS Group AG (Switzerland),<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.71%, 01/12/2027<sup>(b)(c)</sup> |  | 256000 | 257098 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 05/12/2028<sup>(b)(c)</sup> |  | 7000 | 7053 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%<sup>(b)(c)(f)</sup> |  | 258000 | 231967 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%<sup>(b)(c)(f)</sup> |  | 250000 | 255134 |
|  |  |  | 1094820 |
| **Diversified Financial Services–2.71%** | **Diversified Financial Services–2.71%** | **Diversified Financial Services–2.71%** |  |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.95%, 03/10/2055<sup>(c)</sup> |  | 150000 | 157137 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 01/31/2056<sup>(c)</sup> |  | 280000 | 288739 |
| Aircastle Ltd./Aircastle Ireland DAC, 5.00%, 09/15/2030<sup>(b)</sup> |  | 150000 | 151278 |
| Apollo Global Management, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 11/15/2033 |  | 111000 | 122464 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 08/12/2035 |  | 169000 | 168368 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** |  |
| Avolon Holdings Funding Ltd. (Ireland), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 01/15/2028<sup>(b)</sup> | $| 88000 | $88928 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 05/04/2028<sup>(b)</sup> |  | 82000 | 85796 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/01/2029<sup>(b)</sup> |  | 4000 | 4144 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 11/15/2029<sup>(b)</sup> |  | 4000 | 4156 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 01/15/2030<sup>(b)</sup> |  | 5000 | 5090 |
| BlackRock Funding, Inc., 4.90%, 01/08/2035 |  | 55000 | 56003 |
| Corebridge Financial, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 09/15/2033 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130538 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 01/15/2034 |  | 136000 | 142182 |
| Eagle Funding LuxCo S.a.r.l. (Mexico), 5.50%, 08/17/2030<sup>(b)</sup> |  | 1277000 | 1296602 |
| Freedom Mortgage Holdings LLC, 8.38%, 04/01/2032<sup>(b)</sup> |  | 46000 | 47475 |
| GGAM Finance Ltd. (Ireland), 6.88%, 04/15/2029<sup>(b)</sup> |  | 178000 | 184676 |
| Global Aircraft Leasing Co. Ltd. (Cayman Islands), 8.75%, 09/01/2027<sup>(b)</sup> |  | 135000 | 139074 |
| Horizon Mutual Holdings, Inc., 6.20%, 11/15/2034<sup>(b)</sup> |  | 551000 | 535514 |
| Jackson Financial, Inc., 5.67%, 06/08/2032 |  | 11000 | 11404 |
| Jane Street Group/JSG Finance, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 04/30/2031<sup>(b)</sup> |  | 8000 | 8363 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 11/01/2032<sup>(b)</sup> |  | 46000 | 46246 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 05/01/2033<sup>(b)</sup> |  | 186000 | 192321 |
| LPL Holdings, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 05/20/2027 |  | 69000 | 70362 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/15/2030 |  | 167000 | 170954 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 06/15/2030 |  | 102000 | 104259 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 03/15/2035 |  | 285000 | 288238 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 06/15/2035 |  | 124000 | 125982 |
| Macquarie Airfinance Holdings Ltd. (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.40%, 03/26/2029<sup>(b)</sup> |  | 2000 | 2105 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 03/17/2030<sup>(b)</sup> |  | 4000 | 4055 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 03/26/2031<sup>(b)</sup> |  | 2000 | 2144 |
| Provident Funding Associates L.P./PFG Finance Corp., 9.75%, 09/15/2029<sup>(b)</sup> |  | 133000 | 139905 |
| Wynnton Funding Trust II, 5.99%, 08/15/2055<sup>(b)</sup> |  | 312000 | 310464 |
|  |  |  | 5084966 |
| **Diversified Metals & Mining–0.80%** | **Diversified Metals & Mining–0.80%** | **Diversified Metals & Mining–0.80%** |  |
| BHP Billiton Finance (USA) Ltd. (Australia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 09/08/2030 |  | 60000 | 62652 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 09/08/2033<br>|  | 212000 | 218699 |
| Glencore Funding LLC (Australia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.91%, 04/01/2028<sup>(b)</sup> |  | 45000 | 45767 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.37%, 04/04/2029<sup>(b)</sup> |  | 38000 | 39161 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.19%, 04/01/2030<sup>(b)</sup> |  | 78000 | 80212 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/04/2034<sup>(b)</sup> |  | 138000 | 141671 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.67%, 04/01/2035<sup>(b)</sup> |  | 157000 | 160724 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.89%, 04/04/2054<sup>(b)</sup> |  | 54000 | 52890 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.14%, 04/01/2055<sup>(b)</sup> |  | 65000 | 65591 |

---

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

9 Invesco Bond Fund

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal | Principal | | |
|  | Amount | Amount | Value | Value |
| **Diversified Metals & Mining–(continued)** | **Diversified Metals & Mining–(continued)** | **Diversified Metals & Mining–(continued)** | **Diversified Metals & Mining–(continued)** | **Diversified Metals & Mining–(continued)** |
| Rio Tinto Finance (USA) PLC (Australia), 4.88%, 03/14/2030 | $| 94000 | $| 96418 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/14/2032 |  | 79000 |  | 81027 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/14/2035 |  | 113000 |  | 115197 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/14/2055 |  | 67000 |  | 67121 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 03/14/2065 |  | 68000 |  | 68254 |
| Windfall Mining Group, Inc./Groupe Minier Windfall, Inc. (South Africa), 5.85%, 05/13/2032<sup>(b)</sup> |  | 201000 |  | 206839 |
|  |  |  |  | 1502223 |
| **Diversified REITs–0.10%** | **Diversified REITs–0.10%** | **Diversified REITs–0.10%** | **Diversified REITs–0.10%** | **Diversified REITs–0.10%** |
| &nbsp;&nbsp;&nbsp;&nbsp;CubeSmart L.P., 2.50%, 02/15/2032 |  | 6000 |  | 5233 |
| Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032<sup>(b)</sup> |  | 101000 |  | 97177 |
| Uniti Group L.P./Uniti Group Finance 2019, Inc./CSL Capital LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.50%, 02/15/2028<sup>(b)</sup> |  | 65000 |  | 68438 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.63%, 06/15/2032<sup>(b)</sup> |  | 16000 |  | 15747 |
|  |  |  |  | 186595 |
| **Diversified Support Services–0.21%** | **Diversified Support Services–0.21%** | **Diversified Support Services–0.21%** | **Diversified Support Services–0.21%** | **Diversified Support Services–0.21%** |
| Element Fleet Management Corp. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.32%, 12/04/2028<sup>(b)</sup> |  | 50000 |  | 52971 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.04%, 03/25/2030<sup>(b)</sup> |  | 139000 |  | 141816 |
| RB Global Holdings, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 03/15/2028<sup>(b)</sup> |  | 138000 |  | 141420 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 03/15/2031<sup>(b)</sup> |  | 64000 |  | 67241 |
|  |  |  |  | 403448 |
| **Drug Retail–0.91%** | **Drug Retail–0.91%** | **Drug Retail–0.91%** | **Drug Retail–0.91%** | **Drug Retail–0.91%** |
| CK Hutchison International (23) Ltd. (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 04/21/2028<sup>(b)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336233 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 04/21/2033<sup>(b)</sup> |  | 302000 |  | 304947 |
| CVS Pass-Through Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.04%, 12/10/2028 |  | 319587 |  | 326503 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.77%, 01/10/2033<sup>(b)</sup> |  | 722366 |  | 732522 |
|  |  |  |  | 1700205 |
| **Electric Utilities–5.75%** | **Electric Utilities–5.75%** | **Electric Utilities–5.75%** | **Electric Utilities–5.75%** | **Electric Utilities–5.75%** |
| AEP Transmission Co. LLC, 5.38%, 06/15/2035 |  | 28000 |  | 28704 |
| Alabama Power Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 11/15/2033 |  | 27000 |  | 28868 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 04/02/2035 |  | 31000 |  | 31405 |
| American Electric Power Co., Inc., 5.20%, 01/15/2029 |  | 43000 |  | 44369 |
| Arizona Public Service Co., 5.90%, 08/15/2055 |  | 172000 |  | 171625 |
| Baltimore Gas and Electric Co., 5.45%, 06/01/2035 |  | 83000 |  | 85578 |
| Brookfield Infrastructure Finance ULC (Canada), 6.75%, 03/15/2055<sup>(c)</sup> |  | 139000 |  | 141634 |
| Capital Power (US Holdings), Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.26%, 06/01/2028<sup>(b)</sup> |  | 46000 |  | 46805 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.19%, 06/01/2035<sup>(b)</sup> |  | 214000 |  | 221498 |
| CenterPoint Energy Houston Electric LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 03/15/2030 |  | 88000 |  | 90183 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 03/01/2035 |  | 60000 |  | 60320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AJ, 4.85%, 10/01/2052 |  | 571000 |  | 507331 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| Chile Electricity Lux MPC II S.a.r.l. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Chile), 5.58%, 10/20/2035<sup>(b)</sup> | $108503 | $109762 |
| Commonwealth Edison Co., 5.95%, 06/01/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420811 |
| Connecticut Light and Power Co. (The), 5.25%, 01/15/2053 | 63000 | 58964 |
| Consolidated Edison Co. of New York, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/15/2034 | 3000 | 3133 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.15%, 11/15/2052 | 30000 | 31409 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 11/15/2053 | 95000 | 97047 |
| Constellation Energy Generation LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 01/15/2034 | 38000 | 41249 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 10/01/2053 | 39000 | 42109 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/15/2054 | 102000 | 99898 |
| Duke Energy Carolinas LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/15/2035 | 178000 | 183196 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/15/2053 | 124000 | 117739 |
| Duke Energy Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 01/05/2029 | 43000 | 43837 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2052 | 120000 | 104869 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.45%, 09/01/2054<sup>(c)</sup> | 93000 | 96522 |
| Duke Energy Indiana LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 04/01/2053 | 84000 | 80054 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 05/15/2055 | 48000 | 48942 |
| Electricite de France S.A. (France), 6.38%, 01/13/2055<sup>(b)</sup> | 202000 | 202978 |
| Enel Finance International N.V. (Italy), 7.05%, 10/14/2025<sup>(b)</sup> | 212000 | 212554 |
| Entergy Corp., 7.13%, 12/01/2054<sup>(c)</sup> | 162000 | 169120 |
| Entergy Louisiana LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 09/15/2034 | 83000 | 84056 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 03/15/2055 | 98000 | 97667 |
| Entergy Texas, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/15/2035 | 118000 | 120173 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 09/15/2054 | 69000 | 65853 |
| Evergy Metro, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 04/15/2033 | 37000 | 37458 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 08/15/2035 | 159000 | 159047 |
| Exelon Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 03/15/2031 | 165000 | 170455 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 03/15/2053 | 133000 | 126190 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 03/15/2055 | 207000 | 205016 |
| FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028<sup>(b)</sup> | 9000 | 9215 |
| FirstEnergy Transmission LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 01/15/2030 | 42000 | 42380 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/2035 | 61000 | 60548 |
| Florida Power & Light Co., 5.80%, 03/15/2065 | 63000 | 63876 |
| Georgia Power Co., 4.95%, 05/17/2033 | 67000 | 67847 |
| Kentucky Utilities Co., 5.85%, 08/15/2055 | 48000 | 47726 |
| Louisville Gas and Electric Co., 5.85%, 08/15/2055 | 49000 | 48696 |
| MidAmerican Energy Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/15/2034 | 25000 | 25997 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 09/15/2054 | 61000 | 62713 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 02/01/2055 | 460000 | 434112 |

---

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

10 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| National Rural Utilities Cooperative Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 02/07/2029 | $5000 | $5122 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/07/2031 | 69000 | 71370 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 01/15/2033 | 51000 | 54366 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151659 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 09/15/2053<sup>(c)</sup> | 457000 | 480963 |
| NextEra Energy Capital Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/2032 | 26000 | 26445 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/15/2035 | 219000 | 224004 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 06/15/2054<sup>(c)</sup> | 62000 | 65659 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 08/15/2055<sup>(c)</sup> | 65000 | 67170 |
| Niagara Mohawk Power Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/03/2030<sup>(b)</sup> | 160000 | 160789 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 07/03/2055<sup>(b)</sup> | 174000 | 173229 |
| Northern States Power Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 05/15/2035 | 166000 | 167897 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 05/15/2055 | 442000 | 439035 |
| Oglethorpe Power Corp., 5.90%, 02/01/2055 | 39000 | 38259 |
| Ohio Power Co., 5.65%, 06/01/2034 | 92000 | 95396 |
| Oklahoma Gas and Electric Co., 5.60%, 04/01/2053 | 308000 | 299090 |
| Oncor Electric Delivery Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 11/15/2033 | 81000 | 85799 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 04/01/2055<sup>(b)</sup> | 173000 | 173213 |
| PacifiCorp, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 02/15/2029 | 49000 | 50217 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 02/15/2031 | 46000 | 47768 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 02/15/2034 | 115000 | 116965 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 01/15/2055 | 90000 | 85213 |
| Pinnacle West Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 05/15/2028 | 18000 | 18278 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 05/15/2030 | 39000 | 40148 |
| PPL Capital Funding, Inc., 5.25%, 09/01/2034 | 39000 | 39635 |
| PPL Electric Utilities Corp., 5.55%, 08/15/2055 | 68000 | 66550 |
| PSEG Power LLC, 5.20%, 05/15/2030<sup>(b)</sup> | 63000 | 64854 |
| Public Service Co. of Colorado, 5.25%, 04/01/2053 | 64000 | 58301 |
| Public Service Co. of New Hampshire, 5.35%, 10/01/2033 | 36000 | 37579 |
| San Diego Gas & Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 04/01/2053 | 165000 | 154006 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 04/15/2054 | 125000 | 119722 |
| Sierra Pacific Power Co., 5.90%, 03/15/2054 | 2000 | 1993 |
| Southern Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 10/15/2032 | 44000 | 46418 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 03/15/2035 | 102000 | 100229 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.00%, 01/15/2051<sup>(c)</sup> | 129000 | 128715 |
| Southwestern Electric Power Co., 5.30%, 04/01/2033 | 50000 | 50855 |
| Trans-Allegheny Interstate Line Co., 5.00%, 01/15/2031<sup>(b)</sup> | 26000 | 26652 |
| Union Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/01/2034 | 141000 | 144480 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/15/2035 | 123000 | 125724 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 03/15/2055 | 71000 | 64942 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal | Principal | | |
|  | Amount | Amount | Value | Value |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| Virginia Electric & Power Co., 5.00%, 04/01/2033 | $| 57000 | $| 57824 |
| Vistra Operations Co. LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 02/15/2027<sup>(b)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134138 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/31/2027<sup>(b)</sup> |  | 40000 |  | 39917 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 05/01/2029<sup>(b)</sup> |  | 8000 |  | 7824 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 10/15/2031<sup>(b)</sup> |  | 243000 |  | 258335 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 04/15/2032<sup>(b)</sup> |  | 48000 |  | 50406 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.95%, 10/15/2033<sup>(b)</sup> |  | 118000 |  | 130436 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 04/15/2034<sup>(b)</sup> |  | 68000 |  | 70918 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 12/30/2034<sup>(b)</sup> |  | 86000 |  | 87752 |
| Xcel Energy, Inc., 4.75%, 03/21/2028 |  | 28000 |  | 28357 |
|  |  |  |  | 10786154 |
| **Electrical Components & Equipment–0.33%** | **Electrical Components & Equipment–0.33%** | **Electrical Components & Equipment–0.33%** | **Electrical Components & Equipment–0.33%** | **Electrical Components & Equipment–0.33%** |
| EnerSys, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 12/15/2027<sup>(b)</sup> |  | 97000 |  | 95383 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 01/15/2032<sup>(b)</sup> |  | 43000 |  | 44345 |
| Molex Electronic Technologies LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 04/30/2028<sup>(b)</sup> |  | 64000 |  | 64699 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/30/2032<sup>(b)</sup> |  | 85000 |  | 86389 |
| Regal Rexnord Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 04/15/2028 |  | 39000 |  | 40393 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.30%, 02/15/2030 |  | 9000 |  | 9540 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.40%, 04/15/2033 |  | 255000 |  | 271440 |
|  |  |  |  | 612189 |
| **Electronic Components–0.24%** | **Electronic Components–0.24%** | **Electronic Components–0.24%** | **Electronic Components–0.24%** | **Electronic Components–0.24%** |
| Amphenol Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/2035 |  | 92000 |  | 92821 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 11/15/2054 |  | 55000 |  | 53441 |
| Corning, Inc., 5.45%, 11/15/2079 |  | 246000 |  | 223497 |
| Sensata Technologies, Inc., 3.75%, 02/15/2031<sup>(b)</sup> |  | 93000 |  | 85555 |
|  |  |  |  | 455314 |
| **Electronic Equipment & Instruments–0.06%** | **Electronic Equipment & Instruments–0.06%** | **Electronic Equipment & Instruments–0.06%** | **Electronic Equipment & Instruments–0.06%** | **Electronic Equipment & Instruments–0.06%** |
| Keysight Technologies, Inc., 5.35%, 07/30/2030 |  | 102000 |  | 106004 |
| **Electronic Manufacturing Services–0.08%** | **Electronic Manufacturing Services–0.08%** | **Electronic Manufacturing Services–0.08%** | **Electronic Manufacturing Services–0.08%** | **Electronic Manufacturing Services–0.08%** |
| EMRLD Borrower L.P./Emerald Co-Issuer, Inc., 6.63%, 12/15/2030<sup>(b)</sup> |  | 137000 |  | 140874 |
| Jabil, Inc., 3.00%, 01/15/2031 |  | 8000 |  | 7346 |
|  |  |  |  | 148220 |
| **Environmental & Facilities Services–0.34%** | **Environmental & Facilities Services–0.34%** | **Environmental & Facilities Services–0.34%** | **Environmental & Facilities Services–0.34%** | **Environmental & Facilities Services–0.34%** |
| GFL Environmental, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 08/01/2028<sup>(b)</sup> |  | 196000 |  | 191218 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 09/01/2028<sup>(b)</sup> |  | 96000 |  | 93044 |
| Republic Services, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/15/2033 |  | 90000 |  | 92187 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/2034 |  | 2000 |  | 2036 |
| Rollins, Inc., 5.25%, 02/24/2035 |  | 51000 |  | 51369 |
| Veralto Corp., 5.35%, 09/18/2028 |  | 74000 |  | 76460 |
| Waste Management, Inc., 5.35%, 10/15/2054 |  | 138000 |  | 132347 |
|  |  |  |  | 638661 |

---

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

11 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Financial Exchanges & Data–0.38%** |  |  |
| Intercontinental Exchange, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 03/15/2033 | $58000 | $58117 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 06/15/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108000 | 97364 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 06/15/2062 | 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127098 |
| Moody's Corp., 5.25%, 07/15/2044 | 146000 | 140187 |
| MSCI, Inc., 5.25%, 09/01/2035 | 149000 | 147901 |
| Nasdaq, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 06/28/2028 | 15000 | 15483 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 02/15/2034 | 51000 | 53208 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 08/15/2053 | 19000 | 19387 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.10%, 06/28/2063 | 46000 | 47244 |
|  |  | 705989 |
| **Food Distributors–0.59%** |  |  |
| JBS USA Holding Lux S.a.r.l./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/15/2036<sup>(b)</sup> | 475000 | 476864 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 03/01/2056<sup>(b)</sup> | 396000 | 390734 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 04/15/2066<sup>(b)</sup> | 183000 | 181088 |
| Sysco Corp., 5.10%, 09/23/2030 | 56000 | 57768 |
|  |  | 1106454 |
| **Food Retail–0.06%** |  |  |
| Kroger Co. (The), 5.65%, 09/15/2064 | 126000 | 118371 |
| **Forest Products–0.06%** |  |  |
| Georgia-Pacific LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 06/30/2028<sup>(b)</sup> | 40000 | 40374 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 06/30/2032<sup>(b)</sup> | 71000 | 72425 |
|  |  | 112799 |
| **Gas Utilities–0.49%** |  |  |
| Atmos Energy Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 11/15/2033 | 48000 | 51718 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 08/15/2035 | 172000 | 174402 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 11/15/2053 | 43000 | 45884 |
| Piedmont Natural Gas Co., Inc., 5.40%, 06/15/2033 | 86000 | 88868 |
| Snam S.p.A. (Italy), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 05/28/2035<sup>(b)</sup> | 214000 | 219861 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 05/28/2055<sup>(b)</sup> | 201000 | 209545 |
| Southern Co. Gas Capital Corp., 5.75%, 09/15/2033 | 35000 | 36876 |
| Southern Natural Gas Co. L.L.C., 5.45%, 08/01/2035<sup>(b)</sup> | 62000 | 62384 |
| Southwest Gas Corp., 5.45%, 03/23/2028 | 21000 | 21620 |
|  |  | 911158 |
| **Gold–0.24%** |  |  |
| Boroo Investments Pte. Ltd. (Peru), 9.50%, 08/07/2032<sup>(b)</sup> | 267000 | 255653 |
| New Gold, Inc. (Canada), 6.88%, 04/01/2032<sup>(b)</sup> | 190000 | 198189 |
|  |  | 453842 |
| **Health Care Distributors–0.38%** |  |  |
| Cardinal Health, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 09/15/2030 | 44000 | 44097 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 02/15/2034 | 46000 | 47266 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 09/15/2035 | 43000 | 42719 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Health Care Distributors–(continued)** |  |  |
| McKesson Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 05/30/2030 | $159000 | $161793 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 05/30/2032 | 142000 | 144874 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/30/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281416 |
|  |  | 722165 |
| **Health Care Equipment–0.19%** |  |  |
| GE HealthCare Technologies, Inc., 4.80%, 01/15/2031 | 76000 | 77298 |
| Hologic, Inc., 3.25%, 02/15/2029<sup>(b)</sup> | 40000 | 38241 |
| Smith & Nephew PLC (United Kingdom), 5.40%, 03/20/2034 | 6000 | 6147 |
| Stryker Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 09/11/2029 | 18000 | 18067 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 02/10/2030 | 56000 | 57480 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 02/10/2035 | 152000 | 155538 |
|  |  | 352771 |
| **Health Care Facilities–0.41%** |  |  |
| Adventist Health System, 5.76%, 12/01/2034 | 52000 | 52459 |
| Providence St. Joseph Health Obligated Group, Series 21-A, 2.70%, 10/01/2051 | 175000 | 101105 |
| Select Medical Corp., 6.25%, 12/01/2032<sup>(b)</sup> | 87000 | 87580 |
| Tenet Healthcare Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 06/01/2029 | 67000 | 65274 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 05/15/2031 | 75000 | 78003 |
| Universal Health Services, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 10/15/2029 | 45000 | 44934 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 10/15/2034 | 166000 | 160126 |
| UPMC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.04%, 05/15/2033 | 130000 | 131770 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 05/15/2043 | 51000 | 48858 |
|  |  | 770109 |
| **Health Care REITs–0.30%** |  |  |
| Alexandria Real Estate Equities, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/15/2036 | 34000 | 33732 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 05/15/2054 | 194000 | 182362 |
| Diversified Healthcare Trust, 0.00%, 01/15/2026<sup>(b)(i)</sup> | 98000 | 96440 |
| Healthpeak OP LLC, 5.38%, 02/15/2035 | 60000 | 60692 |
| MPT Operating Partnership L.P./MPT Finance Corp., 8.50%, 02/15/2032<sup>(b)</sup> | 18000 | 18886 |
| Omega Healthcare Investors, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 07/01/2030 | 156000 | 158320 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.25%, 04/15/2033 | 12000 | 10450 |
|  |  | 560882 |
| **Health Care Services–1.55%** |  |  |
| CommonSpirit Health, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.32%, 12/01/2034 | 197000 | 199158 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 12/01/2054 | 71000 | 67283 |
| Community Health Systems, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/15/2030<sup>(b)</sup> | 63000 | 56528 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 02/15/2031<sup>(b)</sup> | 42000 | 35840 |

---

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

12 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Health Care Services–(continued)** |  |  |
| CVS Health Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/30/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;64000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65239 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 01/30/2031 | 9000 | 9259 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 09/15/2035 | 175000 | 175460 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 12/10/2054<sup>(c)</sup> | 184000 | 186982 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 03/10/2055<sup>(c)</sup> | 661000 | 689825 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 09/15/2055 | 166000 | 163505 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 09/15/2065 | 261000 | 255370 |
| DaVita, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 09/01/2032<sup>(b)</sup> | 43000 | 44518 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 07/15/2033<sup>(b)</sup> | 50000 | 51860 |
| HCA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 09/15/2034 | 16000 | 16211 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/01/2035 | 142000 | 146140 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 06/01/2053 | 138000 | 131947 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 03/01/2055 | 64000 | 63600 |
| Icon Investments Six DAC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.81%, 05/08/2027 | 200000 | 204247 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 05/08/2029 | 210000 | 219697 |
| Piedmont Healthcare, Inc., 2.86%, 01/01/2052 | 93000 | 57452 |
| Quest Diagnostics, Inc., 6.40%, 11/30/2033 | 67000 | 73855 |
|  |  | 2913976 |
| **Health Care Supplies–0.57%** |  |  |
| DENTSPLY SIRONA, Inc.,<br> 8.38%, 09/12/2055<sup>(c)</sup> | 314000 | 320404 |
| Medline Borrower L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 04/01/2029<sup>(b)</sup> | 50000 | 48044 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 10/01/2029<sup>(b)</sup> | 96000 | 95131 |
| Solventum Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 03/01/2029 | 85000 | 88645 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 03/23/2034 | 194000 | 201564 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 04/30/2054 | 173000 | 173363 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 05/15/2064 | 140000 | 139766 |
|  |  | 1066917 |
| **Home Improvement Retail–0.01%** |  |  |
| Lowe's Cos., Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/15/2053 | 8000 | 7644 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 09/15/2062 | 7000 | 6743 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 04/01/2063 | 7000 | 6790 |
|  |  | 21177 |
| **Homebuilding–0.17%** |  |  |
| Taylor Morrison Communities, Inc., 5.13%, 08/01/2030<sup>(b)</sup> | 93000 | 92796 |
| Toll Brothers Finance Corp., 5.60%, 06/15/2035 | 226000 | 229594 |
|  |  | 322390 |
| **Hotel & Resort REITs–0.26%** |  |  |
| Phillips Edison Grocery Center Operating Partnership I L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 08/15/2032 | 151000 | 154207 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 07/15/2034 | 33000 | 34147 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 01/15/2035 | 81000 | 79256 |
| RHP Hotel Properties L.P./RHP Finance Corp., 6.50%, 06/15/2033<sup>(b)</sup> | 93000 | 96122 |
| RLJ Lodging Trust L.P., 4.00%, 09/15/2029<sup>(b)</sup> | 101000 | 94851 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal | Principal | | |
|  | Amount | Amount | Value | Value |
| **Hotel & Resort REITs–(continued)** |  |  |  |  |
| Service Properties Trust, 8.88%, 06/15/2032 | $| &nbsp;&nbsp;&nbsp;&nbsp;27000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27882 |
|  |  |  |  | 486465 |
| **Hotels, Resorts & Cruise Lines–0.51%** | **Hotels, Resorts & Cruise Lines–0.51%** | **Hotels, Resorts & Cruise Lines–0.51%** |  |  |
| Carnival Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 06/15/2031<sup>(b)</sup> |  | 85000 |  | 87190 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 08/01/2032<sup>(b)</sup> |  | 239000 |  | 243242 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 02/15/2033<sup>(b)</sup> |  | 116000 |  | 119193 |
| Expedia Group, Inc., 5.40%, 02/15/2035 |  | 119000 |  | 120978 |
| Hilton Domestic Operating Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 04/01/2029<sup>(b)</sup> |  | 12000 |  | 12228 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 04/01/2032<sup>(b)</sup> |  | 7000 |  | 7194 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 03/15/2033<sup>(b)</sup> |  | 181000 |  | 184830 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 09/15/2033<sup>(b)</sup> |  | 41000 |  | 41364 |
| Marriott International, Inc., 5.30%, 05/15/2034 |  | 55000 |  | 55827 |
| Royal Caribbean Cruises Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 03/15/2032<sup>(b)</sup> |  | 41000 |  | 42341 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 02/01/2033<sup>(b)</sup> |  | 37000 |  | 37984 |
|  |  |  |  | 952371 |
| **Household Appliances–0.06%** |  |  |  |  |
| Whirlpool Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 02/26/2029 |  | 95000 |  | 93864 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 06/15/2030 |  | 6000 |  | 6071 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 06/15/2033 |  | 10000 |  | 10079 |
|  |  |  |  | 110014 |
| **Housewares & Specialties–0.09%** |  |  |  |  |
| Newell Brands, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 09/15/2027 |  | 15000 |  | 15213 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 09/15/2029 |  | 46000 |  | 46310 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 05/15/2030 |  | 101000 |  | 99861 |
|  |  |  |  | 161384 |
| **Independent Power Producers & Energy Traders–0.47%** | **Independent Power Producers & Energy Traders–0.47%** | **Independent Power Producers & Energy Traders–0.47%** | **Independent Power Producers & Energy Traders–0.47%** | **Independent Power Producers & Energy Traders–0.47%** |
| AES Corp. (The), 5.80%, 03/15/2032 |  | 236000 |  | 242941 |
| Calpine Corp., 5.13%, 03/15/2028<sup>(b)</sup> |  | 140000 |  | 139985 |
| FIEMEX Energia - Banco Actinver S.A. Institucion de Banca Multiple (Mexico), 7.25%, 01/31/2041<sup>(b)</sup> |  | 212959 |  | 219024 |
| Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%<sup>(b)(c)(f)</sup> |  | 92000 |  | 93377 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%<sup>(b)(c)(f)</sup> |  | 44000 |  | 44942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, 8.88%<sup>(b)(c)(f)</sup> |  | 124000 |  | 135195 |
|  |  |  |  | 875464 |
| **Industrial Conglomerates–0.32%** |  |  |  |  |
| Honeywell International, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 09/01/2031 |  | 106000 |  | 109367 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/2033 |  | 61000 |  | 62245 |
| Siemens Funding B.V. (Germany), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 05/28/2030<sup>(b)</sup> |  | 200000 |  | 203606 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 05/28/2035<sup>(b)</sup> |  | 210000 |  | 216278 |
|  |  |  |  | 591496 |
| **Industrial Machinery & Supplies & Components–0.31%** | **Industrial Machinery & Supplies & Components–0.31%** | **Industrial Machinery & Supplies & Components–0.31%** | **Industrial Machinery & Supplies & Components–0.31%** | **Industrial Machinery & Supplies & Components–0.31%** |
| Enpro, Inc., 6.13%, 06/01/2033<sup>(b)</sup> |  | 213000 |  | 217881 |
| ESAB Corp., 6.25%, 04/15/2029<sup>(b)</sup> |  | 136000 |  | 140007 |

---

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

13 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Industrial Machinery & Supplies & Components–(continued)** | **Industrial Machinery & Supplies & Components–(continued)** | **Industrial Machinery & Supplies & Components–(continued)** | **Industrial Machinery & Supplies & Components–(continued)** |
| Ingersoll Rand, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 06/15/2027 | $| 47000 | $47827 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 08/14/2028 |  | 9000 | 9313 |
| Nordson Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 09/15/2028 |  | 15000 | 15561 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 09/15/2033 |  | 54000 | 57381 |
| nVent Finance S.a.r.l. (United Kingdom), 5.65%, 05/15/2033 |  | 6000 | 6177 |
| Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029<sup>(b)</sup> |  | 97000 | 94482 |
|  |  |  | 588629 |
| **Industrial REITs–0.01%** |  |  |  |
| LXP Industrial Trust, 6.75%, 11/15/2028 |  | 17000 | 18099 |
| **Insurance Brokers–0.42%** |  |  |  |
| Alliant Holdings Intermediate LLC, 7.00%, 01/15/2031<sup>(b)</sup> |  | 137000 | 141803 |
| Aon Corp./Aon Global Holdings PLC, 5.35%, 02/28/2033 |  | 28000 | 29033 |
| Arthur J. Gallagher & Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 12/15/2029 |  | 15000 | 15299 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/2032 |  | 20000 | 20378 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 02/15/2035 |  | 57000 | 57193 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 02/15/2055 |  | 97000 | 91503 |
| HUB International Ltd., 7.25%, 06/15/2030<sup>(b)</sup> |  | 133000 | 139202 |
| Marsh & McLennan Cos., Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 09/15/2033 |  | 110000 | 114602 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 11/01/2052 |  | 34000 | 36182 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/15/2053 |  | 35000 | 33583 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 09/15/2053 |  | 109000 | 108204 |
|  |  |  | 786982 |
| **Integrated Oil & Gas–1.53%** |  |  |  |
| BP Capital Markets PLC, 6.13%<sup>(c)(f)</sup> |  | 297000 | 303545 |
| Ecopetrol S.A. (Colombia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.88%, 01/13/2033 |  | 417000 | 443834 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.38%, 01/19/2036 |  | 84000 | 85149 |
| Eni S.p.A. (Italy), 5.50%, 05/15/2034<sup>(b)</sup> |  | 217000 | 221410 |
| Occidental Petroleum Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 08/01/2029 |  | 18000 | 18243 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 01/01/2032 |  | 17000 | 17110 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 03/15/2040 |  | 227000 | 224338 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 06/15/2045 |  | 95000 | 72736 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.10%, 02/15/2047 |  | 129000 | 90851 |
| Petroleos Mexicanos (Mexico), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.75%, 06/02/2029 |  | 186000 | 197513 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 06/15/2035 |  | 320000 | 291328 |
| Saudi Arabian Oil Co. (Saudi Arabia), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 06/02/2030<sup>(b)</sup> |  | 250000 | 254239 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 06/02/2035<sup>(b)</sup> |  | 298000 | 306175 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 06/02/2055<sup>(b)</sup> |  | 340000 | 350093 |
|  |  |  | 2876564 |
| **Integrated Telecommunication Services–2.69%** | **Integrated Telecommunication Services–2.69%** | **Integrated Telecommunication Services–2.69%** |  |
| AT&T, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 02/15/2034 |  | 104000 | 107249 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.55%, 09/15/2055 |  | 1563000 | 1040315 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 08/15/2056 |  | 272000 | 273724 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Integrated Telecommunication Services–(continued)** | **Integrated Telecommunication Services–(continued)** | **Integrated Telecommunication Services–(continued)** | **Integrated Telecommunication Services–(continued)** |
| Bell Canada (Canada), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 09/15/2055<sup>(c)</sup> | $| 68000 | $69619 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 09/15/2055<sup>(c)</sup> |  | 80000 | 82023 |
| British Telecommunications PLC (United Kingdom), 4.25%, 11/23/2081<sup>(b)(c)</sup> |  | 270000 | 267839 |
| FIBERCOP S.p.A. (Italy), 6.00%, 09/30/2034<sup>(b)</sup> |  | 200000 | 190261 |
| Level 3 Financing, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 06/30/2033<sup>(b)</sup> |  | 105000 | 106045 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 03/31/2034<sup>(b)</sup> |  | 52500 | 52903 |
| Maya S.A.S. (France), 7.00%, 10/15/2028<sup>(b)</sup> |  | 200000 | 203670 |
| NTT Finance Corp. (Japan), 5.50%, 07/16/2035<sup>(b)</sup> |  | 212000 | 217294 |
| Telecom Italia Capital S.A. (Italy), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 11/15/2033 |  | 93000 | 96505 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.72%, 06/04/2038 |  | 88000 | 96186 |
| Telefonica Emisiones S.A. (Spain), 7.05%, 06/20/2036 |  | 376000 | 418854 |
| TELUS Corp. (Canada), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 10/15/2055<sup>(c)</sup> |  | 26000 | 26458 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 10/15/2055<sup>(c)</sup> |  | 27000 | 27774 |
| Verizon Communications, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 08/10/2033 |  | 1226000 | 1199763 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/02/2035 |  | 278000 | 280747 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.40%, 03/22/2041 |  | 19000 | 14730 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 11/20/2060 |  | 108000 | 63039 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.70%, 03/22/2061 |  | 60000 | 41161 |
| Zegona Finance PLC (United Kingdom), 8.63%, 07/15/2029<sup>(b)</sup> |  | 152000 | 161924 |
|  |  |  | 5038083 |
| **Interactive Media & Services–1.34%** |  |  |  |
| Alphabet, Inc., 5.30%, 05/15/2065 |  | 115000 | 110701 |
| Baidu, Inc. (China), 1.72%, 04/09/2026 |  | 210000 | 206864 |
| Flutter Treasury DAC (Ireland), 5.88%, 06/04/2031<sup>(b)</sup> |  | 331000 | 337235 |
| Match Group Holdings II LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.63%, 10/01/2031<sup>(b)</sup> |  | 5000 | 4516 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 09/15/2033<sup>(b)</sup> |  | 173000 | 175019 |
| Meta Platforms, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 08/15/2031 |  | 32000 | 32634 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 08/15/2034 |  | 93000 | 93509 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.45%, 08/15/2052 |  | 200000 | 166761 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 08/15/2054 |  | 128000 | 122887 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 08/15/2062 |  | 161000 | 134249 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 05/15/2063 |  | 155000 | 154640 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 08/15/2064 |  | 209000 | 202414 |
| WarnerMedia Holdings, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.28%, 03/15/2032 |  | 127000 | 109680 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 03/15/2042 |  | 958000 | 646233 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.14%, 03/15/2052 |  | 30000 | 18707 |
|  |  |  | 2516049 |
| **Internet Services & Infrastructure–0.12%** | **Internet Services & Infrastructure–0.12%** | **Internet Services & Infrastructure–0.12%** |  |
| CoreWeave, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.25%, 06/01/2030<sup>(b)</sup> |  | 172000 | 172798 |
| &nbsp;&nbsp;&nbsp;&nbsp;9.00%, 02/01/2031<sup>(b)</sup> |  | 52000 | 51545 |
|  |  |  | 224343 |

---

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

14 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Investment Banking & Brokerage–2.56%** | **Investment Banking & Brokerage–2.56%** |  |
| Blue Owl Technology Finance Corp., 6.75%, 04/04/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;5000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5178 |
| Boost Newco Borrower LLC, 7.50%, 01/15/2031<sup>(b)</sup> | 200000 | 212313 |
| Brookfield Finance, Inc. (Canada), 5.33%, 01/15/2036 | 500000 | 497220 |
| Charles Schwab Corp. (The),<br>Series K, 5.00%<sup>(c)(f)</sup> | 89000 | 88572 |
| Goldman Sachs Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.17% (SOFR + 0.81%), 03/09/2027<sup>(d)</sup> | 8000 | 8013 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.68% (SOFR + 1.29%), 04/23/2028<sup>(d)</sup> | 114000 | 115129 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.73%, 04/25/2030<sup>(c)</sup> | 51000 | 53428 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 07/23/2030<sup>(c)</sup> | 78000 | 79874 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 10/23/2030<sup>(c)</sup> | 61000 | 61687 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.21%, 01/28/2031<sup>(c)</sup> | 94000 | 96891 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.22%, 04/23/2031<sup>(c)</sup> | 226000 | 233399 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 04/25/2035<sup>(c)</sup> | 83000 | 87556 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.33%, 07/23/2035<sup>(c)</sup> | 89000 | 90553 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.54%, 01/28/2036<sup>(c)</sup> | 268000 | 276461 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 07/08/2044 | 13000 | 11704 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.73%, 01/28/2056<sup>(c)</sup> | 315000 | 314260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series T, 3.80%<sup>(c)(f)</sup> | 13000 | 12770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series W, 7.50%<sup>(c)(f)</sup> | 303000 | 322050 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series X, 7.50%<sup>(c)(f)</sup> | 254000 | 267268 |
| Jefferies Financial Group, Inc., 4.15%, 01/23/2030 | 25000 | 24688 |
| Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.12%, 02/01/2029<sup>(c)</sup> | 26000 | 26558 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.99%, 04/12/2029<sup>(c)</sup> | 61000 | 62141 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.16%, 04/20/2029<sup>(c)</sup> | 106000 | 108388 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 07/20/2029<sup>(c)</sup> | 23000 | 23749 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.41%, 11/01/2029<sup>(c)</sup> | 50000 | 53161 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.17%, 01/16/2030<sup>(c)</sup> | 24000 | 24675 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.04%, 07/19/2030<sup>(c)</sup> | 57000 | 58406 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/18/2030<sup>(c)</sup> | 89000 | 89885 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.19%, 04/17/2031<sup>(c)</sup> | 183000 | 188688 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/21/2034<sup>(c)</sup> | 145000 | 148081 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.42%, 07/21/2034<sup>(c)</sup> | 76000 | 78491 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.47%, 01/18/2035<sup>(c)</sup> | 72000 | 74269 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.83%, 04/19/2035<sup>(c)</sup> | 74000 | 78130 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.32%, 07/19/2035<sup>(c)</sup> | 123000 | 125392 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.59%, 01/18/2036<sup>(c)</sup> | 133000 | 137567 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.66%, 04/17/2036<sup>(c)</sup> | 151000 | 157236 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 01/19/2038<sup>(c)</sup> | 47000 | 48853 |
| Nomura Holdings, Inc. (Japan), 4.90%, 07/01/2030 | 244000 | 247595 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.49%, 06/29/2035 | 200000 | 204347 |
|  |  | 4794626 |
| **IT Consulting & Other Services–0.27%** | **IT Consulting & Other Services–0.27%** |  |
| International Business Machines Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 02/10/2030 | 422000 | 432667 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 02/10/2055 | 71000 | 69788 |
|  |  | 502455 |
| **Leisure Facilities–0.07%** |  |  |
| Vail Resorts, Inc., 5.63%, 07/15/2030<sup>(b)</sup> | 126000 | 127758 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Leisure Products–0.02%** |  |  |
| Brunswick Corp., 5.85%, 03/18/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;33000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34227 |
| **Life & Health Insurance–3.92%** |  |  |
| 200 Park Funding Trust, 5.74%, 02/15/2055<sup>(b)</sup> | 220000 | 215771 |
| AIA Group Ltd. (Hong Kong), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 04/05/2034<sup>(b)</sup> | 200000 | 207464 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 03/30/2035<sup>(b)</sup> | 210000 | 211121 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 09/30/2054<sup>(b)</sup> | 200000 | 191632 |
| American National Global Funding, 5.55%, 01/28/2030<sup>(b)</sup> | 44000 | 45372 |
| American National Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/2027 | 45000 | 45381 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 07/15/2035 | 313000 | 316604 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 12/01/2055<sup>(c)</sup> | 190000 | 194891 |
| Athene Global Funding, 5.58%, 01/09/2029<sup>(b)</sup> | 80000 | 82828 |
| Athene Holding Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.15%, 04/03/2030 | 8000 | 8545 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 04/01/2054 | 94000 | 92919 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 05/19/2055 | 204000 | 209352 |
| Belrose Funding Trust II, 6.79%, 05/15/2055<sup>(b)</sup> | 332000 | 344457 |
| Corebridge Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.67% (SOFR + 1.30%), 09/25/2026<sup>(b)(d)</sup> | 132000 | 133013 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 09/19/2028<sup>(b)</sup> | 41000 | 42919 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 01/12/2029<sup>(b)</sup> | 72000 | 74080 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 06/24/2029<sup>(b)</sup> | 70000 | 72138 |
| Dai-ichi Life Insurance Co. Ltd. (The) (Japan), 6.20%<sup>(b)(c)(f)</sup> | 211000 | 219301 |
| Delaware Life Global Funding, Series 21-1, 2.66%, 06/29/2026<sup>(b)</sup> | 1080000 | 1056140 |
| GA Global Funding Trust, 5.50%, 01/08/2029<sup>(b)</sup> | 152000 | 157072 |
| High Street Funding Trust III, 5.81%, 02/15/2055<sup>(b)</sup> | 108000 | 103755 |
| Jackson National Life Global Funding, 4.70%, 06/05/2028<sup>(b)</sup> | 150000 | 151843 |
| Lincoln Financial Global Funding, 4.63%, 08/18/2030<sup>(b)</sup> | 91000 | 91662 |
| MAG Mutual Holding Co., 4.75%, 04/30/2041<sup>(b)(h)</sup> | 1039000 | 938217 |
| MassMutual Global Funding II, 4.55%, 05/07/2030<sup>(b)</sup> | 238000 | 240967 |
| MetLife, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/2052 | 36000 | 32489 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 01/15/2054 | 212000 | 199360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series G, 6.35%, 03/15/2055<sup>(c)</sup> | 210000 | 219001 |
| New York Life Global Funding, 4.55%, 01/28/2033<sup>(b)</sup> | 133000 | 131493 |
| Nippon Life Insurance Co. (Japan), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 04/16/2054<sup>(b)(c)</sup> | 281000 | 291406 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 04/30/2055<sup>(b)(c)</sup> | 200000 | 213499 |
| Pacific Life Global Funding II, 5.03% (SOFR + 0.62%), 06/04/2026<sup>(b)(d)</sup> | 30000 | 30092 |
| Pricoa Global Funding I, 4.65%, 08/27/2031<sup>(b)</sup> | 150000 | 151608 |
| Prudential Financial, Inc., 5.20%, 03/14/2035 | 304000 | 309509 |

---

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

15 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Life & Health Insurance–(continued)** |  |  |  |
| Sammons Financial Group, Inc., 4.75%, 04/08/2032<sup>(b)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;6000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5816 |
| Wynnton Funding Trust, 5.25%, 08/15/2035<sup>(b)</sup> |  | 325000 | 325500 |
|  |  |  | 7357217 |
| **Managed Health Care–0.21%** |  |  |  |
| Humana, Inc., 5.75%, 12/01/2028 |  | 22000 | 22942 |
| UnitedHealth Group, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/15/2029 |  | 23000 | 23098 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 02/15/2030 |  | 100000 | 104093 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 02/15/2033 |  | 168000 | 173841 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 04/15/2033 |  | 15000 | 14707 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 07/15/2054 |  | 57000 | 54299 |
|  |  |  | 392980 |
| **Marine Transportation–0.05%** |  |  |  |
| A.P. Moller - Maersk A/S (Denmark), 5.88%, 09/14/2033<sup>(b)</sup> |  | 83000 | 87804 |
| NCL Corp. Ltd., 6.75%, 02/01/2032<sup>(b)</sup> |  | 3000 | 3096 |
| Stena International S.A. (Sweden), 7.63%, 02/15/2031<sup>(b)</sup> |  | 9000 | 9293 |
|  |  |  | 100193 |
| **Metal, Glass & Plastic Containers–0.48%** | **Metal, Glass & Plastic Containers–0.48%** | **Metal, Glass & Plastic Containers–0.48%** |  |
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 6.00%, 06/15/2027<sup>(b)</sup> |  | 200000 | 200166 |
| Ball Corp., 5.50%, 09/15/2033 |  | 382000 | 386852 |
| Crown Americas LLC, 5.88%, 06/01/2033<sup>(b)</sup> |  | 36000 | 36447 |
| LABL, Inc., 8.63%, 10/01/2031<sup>(b)</sup> |  | 11000 | 8131 |
| Smurfit Kappa Treasury Unlimited Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Ireland), 5.20%, 01/15/2030 |  | 139000 | 144029 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.44%, 04/03/2034 |  | 128000 | 131486 |
|  |  |  | 907111 |
| **Movies & Entertainment–0.11%** |  |  |  |
| Netflix, Inc., 5.40%, 08/15/2054 |  | 23000 | 22435 |
| Starz Capital Holdings 1, Inc., 6.00%, 04/15/2030<sup>(b)</sup> |  | 103000 | 94495 |
| WMG Acquisition Corp., 3.75%, 12/01/2029<sup>(b)</sup> |  | 95000 | 90221 |
|  |  |  | 207151 |
| **Multi-Family Residential REITs–0.20%** | **Multi-Family Residential REITs–0.20%** | **Multi-Family Residential REITs–0.20%** |  |
| AvalonBay Communities, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/2033 |  | 26000 | 26476 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 12/07/2033 |  | 111000 | 114767 |
| ERP Operating L.P., 4.95%, 06/15/2032 |  | 68000 | 69491 |
| Mid-America Apartments L.P., 5.30%, 02/15/2032 |  | 116000 | 120865 |
| UDR, Inc., 5.13%, 09/01/2034 |  | 36000 | 36171 |
|  |  |  | 367770 |
| **Multi-line Insurance–0.31%** |  |  |  |
| Acrisure LLC, 7.50%, 11/06/2030<sup>(b)</sup> |  | 136000 | 141033 |
| Allianz SE (Germany), 3.50%<sup>(b)(c)(f)</sup> |  | 400000 | 397383 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Multi-line Insurance–(continued)** |  |  |  |
| American International Group, Inc., 4.85%, 05/07/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;46000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47095 |
|  |  |  | 585511 |
| **Multi-Utilities–1.26%** |  |  |  |
| Ameren Illinois Co., 4.95%, 06/01/2033 |  | 62000 | 63172 |
| Black Hills Corp., 6.15%, 05/15/2034 |  | 168000 | 178316 |
| CenterPoint Energy, Inc., 6.70%, 05/15/2055<sup>(c)</sup> |  | 90000 | 92392 |
| CMS Energy Corp., 6.50%, 06/01/2055<sup>(c)</sup> |  | 90000 | 92029 |
| Dominion Energy, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 11/15/2032 |  | 136000 | 140463 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 02/15/2056<sup>(c)</sup> |  | 89000 | 89904 |
| DTE Electric Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/01/2034 |  | 60000 | 61831 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 05/15/2055 |  | 37000 | 37884 |
| DTE Energy Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 07/01/2027 |  | 28000 | 28391 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 06/01/2034 |  | 33000 | 34686 |
| ENGIE S.A. (France), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/10/2029<sup>(b)</sup> |  | 205000 | 211101 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/10/2034<sup>(b)</sup> |  | 200000 | 207563 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 04/10/2054<sup>(b)</sup> |  | 205000 | 207370 |
| NiSource, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/30/2028 |  | 8000 | 8222 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 04/01/2034 |  | 103000 | 105433 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 04/01/2055 |  | 87000 | 85654 |
| Public Service Enterprise Group, Inc., 6.13%, 10/15/2033 |  | 119000 | 127795 |
| Sempra, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 10/01/2054<sup>(c)</sup> |  | 137000 | 139363 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.55%, 04/01/2055<sup>(c)</sup> |  | 167000 | 164886 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 04/01/2055<sup>(c)</sup> |  | 112000 | 112591 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 04/01/2056<sup>(c)</sup> |  | 134000 | 135143 |
| WEC Energy Group, Inc., 4.75%, 01/15/2028 |  | 32000 | 32509 |
|  |  |  | 2356698 |
| **Office REITs–0.10%** |  |  |  |
| Brandywine Operating Partnership L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.30%, 03/15/2028 |  | 45000 | 47886 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.88%, 04/12/2029 |  | 26000 | 28287 |
| Cousins Properties L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 02/15/2032 |  | 28000 | 28601 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 10/01/2034 |  | 89000 | 92095 |
|  |  |  | 196869 |
| **Oil & Gas Drilling–0.08%** |  |  |  |
| Summit Midstream Holdings LLC, 8.63%, 10/31/2029<sup>(b)</sup> |  | 92000 | 91826 |
| Transocean, Inc., 8.75%, 02/15/2030<sup>(b)</sup> |  | 51000 | 54025 |
|  |  |  | 145851 |
| **Oil & Gas Equipment & Services–0.05%** | **Oil & Gas Equipment & Services–0.05%** | **Oil & Gas Equipment & Services–0.05%** |  |
| Tidewater, Inc., 9.13%, 07/15/2030<sup>(b)</sup> |  | 94000 | 100369 |

---

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

16 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Oil & Gas Exploration & Production–0.84%** | **Oil & Gas Exploration & Production–0.84%** |  |
| Aethon United BR L.P./Aethon United Finance Corp., 7.50%, 10/01/2029<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;101000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105421 |
| Caturus Energy LLC, 8.50%, 02/15/2030<sup>(b)</sup> | 90000 | 93452 |
| Comstock Resources, Inc., 6.75%, 03/01/2029<sup>(b)</sup> | 92000 | 90774 |
| ConocoPhillips Co., 5.70%, 09/15/2063 | 51000 | 48569 |
| Diamondback Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 01/30/2030 | 42000 | 43162 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 04/18/2064 | 52000 | 48178 |
| EOG Resources, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 07/15/2028 | 46000 | 46459 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/15/2036 | 125000 | 126941 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 07/15/2055 | 84000 | 84817 |
| Expand Energy Corp., 5.38%, 03/15/2030 | 23000 | 23246 |
| Hilcorp Energy I L.P./Hilcorp Finance Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.38%, 11/01/2033<sup>(b)</sup> | 90000 | 94049 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 05/15/2034<sup>(b)</sup> | 10000 | 9605 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.25%, 02/15/2035<sup>(b)</sup> | 15000 | 14646 |
| Transocean Titan Financing Ltd., 8.38%, 02/01/2028<sup>(b)</sup> | 46143 | 47444 |
| Uzbekneftegaz JSC (Uzbekistan), 4.75%, 11/16/2028<sup>(b)</sup> | 278000 | 263527 |
| Var Energi ASA (Norway), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 05/22/2030<sup>(b)</sup> | 200000 | 207495 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 05/22/2035<sup>(b)</sup> | 200000 | 209565 |
| Woodside Finance Ltd. (Australia), 5.70%, 05/19/2032 | 19000 | 19644 |
|  |  | 1576994 |
| **Oil & Gas Refining & Marketing–0.46%** | **Oil & Gas Refining & Marketing–0.46%** |  |
| Empresa Nacional del Petroleo (Chile), 5.95%, 07/30/2034<sup>(b)</sup> | 210000 | 217458 |
| Phillips 66 Co., 5.30%, 06/30/2033 | 106000 | 108437 |
| Raizen Fuels Finance S.A. (Brazil), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.70%, 02/25/2037<sup>(b)</sup> | 200000 | 191841 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.95%, 03/05/2054<sup>(b)</sup> | 225000 | 207886 |
| Sunoco L.P., 6.25%, 07/01/2033<sup>(b)</sup> | 139000 | 142148 |
|  |  | 867770 |
| **Oil & Gas Storage & Transportation–4.30%** | **Oil & Gas Storage & Transportation–4.30%** |  |
| Antero Midstream Partners L.P./Antero Midstream Finance Corp., 6.63%, 02/01/2032<sup>(b)</sup> | 119000 | 123144 |
| Columbia Pipelines Operating Co. LLC, 5.70%, 10/01/2054<sup>(b)</sup> | 129000 | 119293 |
| Delek Logistics Partners L.P./Delek Logistics Finance Corp., 7.38%, 06/30/2033<sup>(b)</sup> | 95000 | 95132 |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054 | 55000 | 52573 |
| El Paso Natural Gas Co. LLC, 8.38%, 06/15/2032 | 31000 | 36964 |
| Enbridge, Inc. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 03/08/2033 | 99000 | 103315 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.63%, 01/15/2083<sup>(c)</sup> | 117000 | 125186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series NC5, 8.25%, 01/15/2084<sup>(c)</sup> | 117000 | 124918 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Oil & Gas Storage & Transportation–(continued)** | **Oil & Gas Storage & Transportation–(continued)** |  |
| Energy Transfer L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 02/15/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;8000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8236 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.40%, 12/01/2030 | 8000 | 8659 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 05/15/2034 | 86000 | 87373 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/2050 | 111000 | 92230 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 05/15/2054 | 130000 | 121901 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 05/15/2054<sup>(c)</sup> | 148000 | 157773 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 09/01/2054 | 172000 | 163784 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 10/01/2054<sup>(c)</sup> | 450000 | 465198 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 02/15/2056<sup>(c)</sup> | 403000 | 401381 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 02/15/2056<sup>(c)</sup> | 334000 | 333198 |
| Enterprise Products Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.35%, 01/31/2033 | 7000 | 7262 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 01/15/2036 | 151000 | 152462 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.20%, 01/31/2050 | 112000 | 88183 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, 6.88%, 03/01/2033 | 32000 | 36039 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.43% (3 mo. Term SOFR + 3.25%), 08/16/2077<sup>(d)</sup> | 121000 | 120973 |
| Excelerate Energy L.P., 8.00%, 05/15/2030<sup>(b)</sup> | 90000 | 95896 |
| Florida Gas Transmission Co. LLC, 5.75%, 07/15/2035<sup>(b)</sup> | 274000 | 282535 |
| Genesis Energy L.P./Genesis Energy Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.88%, 05/15/2032 | 74000 | 76857 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 05/15/2033 | 63000 | 65849 |
| Global Partners L.P./GLP Finance Corp., 7.13%, 07/01/2033<sup>(b)</sup> | 95000 | 97308 |
| GreenSaif Pipelines Bidco S.a.r.l. (Saudi Arabia), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 02/23/2036<sup>(b)</sup> | 205000 | 212584 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 02/23/2038<sup>(b)</sup> | 200000 | 211494 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.51%, 02/23/2042<sup>(b)</sup> | 200000 | 213437 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.10%, 08/23/2042<sup>(b)</sup> | 200000 | 206812 |
| Gulfstream Natural Gas System L.L.C., 5.60%, 07/23/2035<sup>(b)</sup> | 220000 | 222696 |
| Kinder Morgan, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 06/01/2030 | 36000 | 37033 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.80%, 08/01/2031 | 42000 | 48656 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 06/01/2033 | 7000 | 7084 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.85%, 06/01/2035 | 48000 | 49893 |
| MPLX L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 02/15/2029 | 43000 | 43574 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 02/15/2031 | 184000 | 184194 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 09/15/2035 | 303000 | 299244 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 04/15/2048 | 123000 | 99858 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 02/15/2049 | 169000 | 152283 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 03/14/2052 | 155000 | 127820 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 03/01/2053 | 18000 | 16353 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 09/15/2055 | 132000 | 128402 |
| NGL Energy Operating LLC/NGL Energy Finance Corp., 8.38%, 02/15/2032<sup>(b)</sup> | 25000 | 25445 |
| Northern Natural Gas Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.40%, 10/16/2051<sup>(b)</sup> | 20000 | 13212 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 02/01/2054<sup>(b)</sup> | 34000 | 32206 |
| ONEOK Partners L.P., 6.85%, 10/15/2037 | 125000 | 136376 |
| ONEOK, Inc., 6.63%, 09/01/2053 | 179000 | 183955 |

---

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

17 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Oil & Gas Storage & Transportation-(continued)** | **Oil & Gas Storage & Transportation-(continued)** | **Oil & Gas Storage & Transportation-(continued)** |
| Plains All American Pipeline L.P./PAA Finance Corp., 3.55%, 12/15/2029 | $6000 | $5783 |
| Prairie Acquiror L.P., 9.00%, 08/01/2029<sup>(b)</sup> | 90000 | 93908 |
| South Bow Canadian infrastructure Holdings Ltd. (Canada), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.50%, 03/01/2055<sup>(c)</sup> | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104582 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.63%, 03/01/2055<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;177000 | 184334 |
| South Bow USA Infrastructure Holdings LLC (Canada), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.58%, 10/01/2034 | 40000 | 39697 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.18%, 10/01/2054 | 98000 | 93136 |
| Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp., 7.38%, 02/15/2029<sup>(b)</sup> | 125000 | 128872 |
| Targa Resources Corp., 5.50%, 02/15/2035 | 2000 | 2018 |
| Venture Global LNG, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.50%, 02/01/2029<sup>(b)</sup> | 29000 | 31901 |
| &nbsp;&nbsp;&nbsp;&nbsp;9.88%, 02/01/2032<sup>(b)</sup> | 153000 | 166694 |
| &nbsp;&nbsp;&nbsp;&nbsp;9.00%<sup>(b)(c)(f)</sup> | 93000 | 92412 |
| Venture Global Plaquemines LNG LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.50%, 05/01/2033<sup>(b)</sup> | 11000 | 12072 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 01/15/2034<sup>(b)</sup> | 253000 | 264282 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 05/01/2035<sup>(b)</sup> | 19000 | 21167 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 01/15/2036<sup>(b)</sup> | 138000 | 144910 |
| Western Midstream Operating L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.15%, 04/01/2033 | 76000 | 79438 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 11/15/2034 | 40000 | 39531 |
| Williams Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 08/15/2028 | 88000 | 90816 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 11/15/2029 | 42000 | 42766 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 08/15/2032 | 10000 | 9879 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 03/15/2033 | 6000 | 6249 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 11/15/2054 | 56000 | 54320 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 03/15/2055 | 58000 | 57749 |
|  |  | 8062749 |
| **Other Specialized REITs-0.16%** |  |  |
| Iron Mountain, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 02/15/2029<sup>(b)</sup> | 100000 | 103071 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/15/2031<sup>(b)</sup> | 99000 | 94244 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/15/2033<sup>(b)</sup> | 93000 | 95224 |
|  |  | 292539 |
| **Other Specialty Retail-0.08%** |  |  |
| Bath & Body Works, Inc., 6.63%, 10/01/2030<sup>(b)</sup> | 91000 | 93512 |
| SGUS LLC, 11.00%, 12/15/2029<sup>(b)</sup> | 23360 | 20767 |
| Tractor Supply Co., 5.25%, 05/15/2033 | 31000 | 31814 |
|  |  | 146093 |
| **Packaged Foods & Meats-0.76%** |  |  |
| Campbell's Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/21/2029 | 2000 | 2055 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 10/13/2054 | 73000 | 65797 |
| J.M. Smucker Co. (The), 6.20%, 11/15/2033 | 52000 | 55950 |
| Lamb Weston Holdings, Inc., 4.38%, 01/31/2032<sup>(b)</sup> | 102000 | 96016 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Principal | Principal | | |
|  | Amount | Amount | Value | Value |
| **Packaged Foods & Meats-(continued)** | **Packaged Foods & Meats-(continued)** | **Packaged Foods & Meats-(continued)** |  |  |
| Mars, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 03/01/2030<sup>(b)</sup> | $| 78000 | $| 79514 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/2032<sup>(b)</sup> |  | 70000 |  | 71493 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/01/2035<sup>(b)</sup> |  | 251000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253484 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 05/01/2045<sup>(b)</sup> |  | 51000 |  | 50317 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 05/01/2055<sup>(b)</sup> |  | 560000 |  | 546729 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 05/01/2065<sup>(b)</sup> |  | 138000 |  | 135544 |
| McCormick & Co., Inc., 4.70%, 10/15/2034 |  | 68000 |  | 66074 |
|  |  |  |  | 1422973 |
| **Paper & Plastic Packaging Products & Materials-0.06%** | **Paper & Plastic Packaging Products & Materials-0.06%** | **Paper & Plastic Packaging Products & Materials-0.06%** | **Paper & Plastic Packaging Products & Materials-0.06%** | **Paper & Plastic Packaging Products & Materials-0.06%** |
| Cascades, Inc./Cascades USA, Inc. (Canada), 6.75%, 07/15/2030<sup>(b)</sup> |  | 14000 |  | 14234 |
| Graphic Packaging International LLC, 6.38%, 07/15/2032<sup>(b)</sup> |  | 9000 |  | 9155 |
| Sealed Air Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/15/2029<sup>(b)</sup> |  | 48000 |  | 47647 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 07/15/2033<sup>(b)</sup> |  | 44000 |  | 47560 |
|  |  |  |  | 118596 |
| **Paper Products-0.00%** |  |  |  |  |
| Magnera Corp., 7.25%, 11/15/2031<sup>(b)</sup> |  | 5000 |  | 4736 |
| **Passenger Airlines-0.92%** |  |  |  |  |
| American Airlines Pass-Through Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class B, 3.95%, 07/11/2030 |  | 49640 |  | 47652 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class A, 2.88%, 07/11/2034 |  | &nbsp;&nbsp;&nbsp;&nbsp;105730 |  | 95380 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/2029<sup>(b)</sup> |  | 285000 |  | 286751 |
| AS Mileage Plan IP Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.02%, 10/20/2029<sup>(b)</sup> |  | 42000 |  | 42094 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.31%, 10/20/2031<sup>(b)</sup> |  | 53000 |  | 53108 |
| British Airways Pass-Through Trust (United Kingdom), Series 2021-1, Class A, 2.90%, 03/15/2035<sup>(b)</sup> |  | 78134 |  | 71427 |
| CHC Group LLC, 11.75%, 09/01/2030<sup>(b)</sup> |  | 46000 |  | 45836 |
| Delta Air Lines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 07/10/2028 |  | 218000 |  | 220816 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 07/10/2030 |  | 69000 |  | 70410 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 10/20/2025<sup>(b)</sup> |  | 7160 |  | 7151 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 10/20/2028<sup>(b)</sup> |  | 120417 |  | 121128 |
| United Airlines Pass-Through Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-1, Class B, 3.65%, 01/07/2026 |  | 20743 |  | 20592 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class A, 5.88%, 10/15/2027 |  | 49416 |  | 50627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1, Class AA, 3.50%, 03/01/2030 |  | 67349 |  | 64521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class A, 4.55%, 08/25/2031 |  | 113153 |  | 107316 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1, Class AA, 4.15%, 08/25/2031 |  | 172573 |  | 167318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 24-A, 5.88%, 02/15/2037 |  | 131311 |  | 133867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AA, 5.45%, 02/15/2037 |  | 122621 |  | 126077 |
|  |  |  |  | 1732071 |

---

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

18 Invesco Bond Fund

------

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Passenger Ground Transportation-0.05%** | **Passenger Ground Transportation-0.05%** |  |
| Uber Technologies, Inc., 5.35%, 09/15/2054 | $&nbsp;&nbsp;&nbsp;&nbsp;101000 | $94896 |
| **Personal Care Products-0.24%** |  |  |
| Kenvue, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 03/22/2033 | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132114 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 03/22/2043 | 56000 | 53905 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 03/22/2063 | 57000 | 51955 |
| Opal Bidco SAS (France), 6.50%, 03/31/2032 (Acquired 03/31/2025; Cost $200,000)<sup>(b)(j)</sup> | 200000 | 203650 |
|  |  | 441624 |
| **Pharmaceuticals-1.50%** |  |  |
| 1261229 BC Ltd., 10.00%, 04/15/2032<sup>(b)</sup> | 65000 | 67544 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032<sup>(b)</sup> | 105000 | 108167 |
| AstraZeneca Finance LLC (United Kingdom), 4.90%, 02/26/2031 | 79000 | 81748 |
| Bausch Health Cos., Inc., 11.00%, 09/30/2028<sup>(b)</sup> | 27000 | 28342 |
| Bristol-Myers Squibb Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 11/15/2033 | 4000 | 4310 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 11/15/2053 | 2000 | 2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.40%, 11/15/2063 | 3000 | 3212 |
| Eli Lilly and Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/09/2054 | 2000 | 1834 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 10/15/2055 | 60000 | 59575 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 02/09/2064 | 117000 | 106663 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 08/14/2064 | 47000 | 43561 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 10/15/2065 | 53000 | 52598 |
| EMD Finance LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/15/2028<sup>(b)</sup> | 151000 | 151040 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 10/15/2030<sup>(b)</sup> | 313000 | 312719 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 10/15/2032<sup>(b)</sup> | 150000 | 149011 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/15/2035<sup>(b)</sup> | 150000 | 148555 |
| Endo Finance Holdings, Inc., 8.50%, 04/15/2031<sup>(b)</sup> | 86000 | 91664 |
| HLF Financing S.a.r.l. LLC/Herbalife International, Inc., 4.88%, 06/01/2029<sup>(b)</sup> | 12000 | 10567 |
| Merck & Co., Inc., 5.15%, 05/17/2063 | 33000 | 30045 |
| Novartis Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.20%, 09/18/2034 | 117000 | 113398 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 09/18/2054 | 92000 | 81257 |
| Pfizer Investment Enterprises Pte. Ltd., 4.75%, 05/19/2033 | 6000 | 6014 |
| Takeda U.S. Financing, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 07/07/2035 | 411000 | 413048 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.90%, 07/07/2055 | 226000 | 225103 |
| Teva Pharmaceutical Finance<br>Netherlands IV B.V. (Israel), 5.75%, 12/01/2030 | 300000 | 306583 |
| Teva Pharmaceuticals Finance<br>Netherlands B.V. (Israel), 6.00%, 12/01/2032 | 214000 | 220217 |
|  |  | 2818896 |
| **Property & Casualty Insurance-0.42%** | **Property & Casualty Insurance-0.42%** |  |
| CNA Financial Corp., 5.20%, 08/15/2035 | 331000 | 327873 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Property & Casualty Insurance-(continued)** | **Property & Casualty Insurance-(continued)** |  |
| Fairfax Financial Holdings Ltd. (Canada), 6.10%, 03/15/2055 | $&nbsp;&nbsp;&nbsp;&nbsp;195000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192657 |
| Hanover Insurance Group, Inc. (The), 5.50%, 09/01/2035 | 92000 | 92079 |
| Travelers Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.05%, 07/24/2035 | 43000 | 43304 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 05/25/2053 | 49000 | 47658 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 07/24/2055 | 76000 | 76202 |
|  |  | 779773 |
| **Rail Transportation-0.47%** |  |  |
| Burlington Northern Santa Fe LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/15/2054 | 160000 | 149452 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 03/15/2056 | 333000 | 338193 |
| Canadian Pacific Railway Co. (Canada), 5.20%, 03/30/2035 | 103000 | 104998 |
| Norfolk Southern Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.55%, 03/15/2034 | 3000 | 3151 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.95%, 03/15/2064 | 3000 | 3062 |
| TTX Co., 5.05%, 11/15/2034<sup>(b)</sup> | 277000 | 282410 |
| Union Pacific Corp., 5.15%, 01/20/2063 | 8000 | 7254 |
|  |  | 888520 |
| **Real Estate Development-0.26%** |  |  |
| Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/2031<sup>(b)</sup> | 85000 | 91206 |
| Essential Properties L.P., 5.40%, 12/01/2035 | 46000 | 45414 |
| Greystar Real Estate Partners LLC, 7.75%, 09/01/2030<sup>(b)</sup> | 84000 | 89007 |
| Piedmont Operating Partnership L.P., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.25%, 07/20/2028 | 175000 | 194587 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 07/15/2029 | 70000 | 74109 |
|  |  | 494323 |
| **Regional Banks-0.43%** |  |  |
| Citizens Financial Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.25%, 04/30/2030 | 7000 | 6622 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.64%, 05/21/2037<sup>(c)</sup> | 115000 | 115567 |
| Huntington Bancshares, Inc., 4.44%, 08/04/2028<sup>(c)</sup> | 18000 | 18058 |
| Regions Financial Corp., 5.72%, 06/06/2030<sup>(c)</sup> | 58000 | 60392 |
| Synovus Financial Corp., 6.17%, 11/01/2030<sup>(c)</sup> | 33000 | 34339 |
| Truist Financial Corp., Series P, 4.95%<sup>(c)(f)</sup> | 45000 | 44903 |
| Zions Bancorp. N.A., 4.70%, 08/18/2028<sup>(c)</sup> | 259000 | 260025 |
| Zions Bancorporation N.A., 6.82%, 11/19/2035<sup>(c)</sup> | 253000 | 265210 |
|  |  | 805116 |
| **Reinsurance-0.60%** |  |  |
| Fortitude Group Holdings LLC, 6.25%, 04/01/2030<sup>(b)</sup> | 47000 | 48880 |
| Global Atlantic (Fin) Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 10/15/2029<sup>(b)</sup> | 181000 | 178431 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.13%, 06/15/2031<sup>(b)</sup> | 9000 | 8136 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 10/15/2051<sup>(b)(c)</sup> | 98000 | 96446 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 03/15/2054<sup>(b)</sup> | 201000 | 205591 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.95%, 10/15/2054<sup>(b)(c)</sup> | 117000 | 123411 |

---

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

19 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Reinsurance-(continued)** |  |  |  |
| RGA Global Funding, 5.00%, 08/25/2032<sup>(b)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;459000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461094 |
|  |  |  | 1121989 |
| **Renewable Electricity-0.09%** |  |  |  |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC (United Kingdom), 6.38%, 02/15/2032<sup>(b)</sup> |  | 131000 | 132949 |
| Idaho Power Co., 5.20%, 08/15/2034 |  | 32000 | 32867 |
|  |  |  | 165816 |
| **Research & Consulting Services-0.20%** | **Research & Consulting Services-0.20%** | **Research & Consulting Services-0.20%** |  |
| CACI International, Inc., 6.38%,<br> 06/15/2033<sup>(b)</sup> |  | 6000 | 6196 |
| Clarivate Science Holdings Corp., 4.88%, 07/01/2029<sup>(b)</sup> |  | 102000 | 96449 |
| Verisk Analytics, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 08/15/2030 |  | 61000 | 61281 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 02/15/2036 |  | 208000 | 206744 |
|  |  |  | 370670 |
| **Restaurants-0.57%** |  |  |  |
| 1011778 BC ULC/New Red Finance, Inc. (Canada), 5.63%, 09/15/2029<sup>(b)</sup> |  | 13000 | 13171 |
| Arcos Dorados B.V. (Brazil), 6.38%, 01/29/2032<sup>(b)</sup> |  | 245000 | 256329 |
| McDonald's Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 02/12/2031 |  | 276000 | 277033 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 03/03/2035 |  | 118000 | 118829 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/13/2036 |  | 305000 | 305363 |
| Raising Cane's Restaurants LLC, 9.38%, 05/01/2029<sup>(b)</sup> |  | 95000 | 100259 |
|  |  |  | 1070984 |
| **Retail REITs-0.66%** |  |  |  |
| Agree L.P., 5.63%, 06/15/2034 |  | 54000 | 55606 |
| Brixmor Operating Partnership L.P., 5.75%, 02/15/2035 |  | 37000 | 38336 |
| Kimco Realty OP LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.25%, 12/01/2031 |  | 7000 | 6158 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 03/01/2035 |  | 89000 | 87803 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 02/01/2036 |  | 312000 | 315459 |
| Kite Realty Group L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 12/15/2031 |  | 40000 | 40508 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/01/2034 |  | 21000 | 21495 |
| Kite Realty Group Trust, 4.75%, 09/15/2030 |  | 33000 | 33159 |
| NNN REIT, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 10/15/2033 |  | 41000 | 42708 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 06/15/2034 |  | 48000 | 49474 |
| Realty Income Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.85%, 03/15/2030 |  | 7000 | 7185 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 10/13/2032 |  | 56000 | 58953 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 04/15/2035 |  | 45000 | 45355 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 09/01/2054 |  | 31000 | 29395 |
| Regency Centers L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/2032 |  | 77000 | 78615 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 01/15/2034 |  | 55000 | 56345 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.10%, 01/15/2035 |  | 40000 | 40160 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Retail REITs-(continued)** |  |  |  |
| Simon Property Group L.P., 4.75%, 09/26/2034 | $| &nbsp;&nbsp;&nbsp;&nbsp;244000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239988 |
|  |  |  | 1246702 |
| **Security & Alarm Services-0.10%** |  |  |  |
| Brink's Co. (The), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 06/15/2029<sup>(b)</sup> |  | 85000 | 87474 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 06/15/2032<sup>(b)</sup> |  | 90000 | 93305 |
|  |  |  | 180779 |
| **Self-Storage REITs-0.97%** |  |  |  |
| Americold Realty Operating Partnership L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 05/15/2032 |  | 99000 | 100435 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.41%, 09/12/2034 |  | 62000 | 60947 |
| Extra Space Storage L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.70%, 04/01/2028 |  | 14000 | 14468 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.55%, 06/01/2031 |  | 7000 | 6289 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 01/15/2033 |  | 102000 | 102372 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.40%, 02/01/2034 |  | 118000 | 120448 |
| Goodman US Finance Six LLC<br>(Australia), 5.13%, 10/07/2034<sup>(b)</sup> |  | 30000 | 30014 |
| Prologis L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 01/15/2031 |  | 181000 | 184779 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 01/15/2033 |  | 150000 | 149674 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 06/15/2033 |  | 153000 | 153448 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 01/15/2034 |  | 68000 | 69520 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/2034 |  | 239000 | 241579 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/31/2035 |  | 145000 | 145850 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/15/2035 |  | 173000 | 176484 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/15/2054 |  | 170000 | 159130 |
| Public Storage Operating Co., 5.35%, 08/01/2053 |  | 114000 | 108716 |
|  |  |  | 1824153 |
| **Semiconductors-1.21%** |  |  |  |
| Broadcom, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 11/15/2032 |  | 100000 | 97497 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.20%, 07/15/2035 |  | 186000 | 187767 |
| Foundry JV Holdco LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/25/2031<sup>(b)</sup> |  | 200000 | 207825 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 01/25/2034<sup>(b)</sup> |  | 451000 | 463453 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/25/2035<sup>(b)</sup> |  | 333000 | 352778 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.20%, 01/25/2037<sup>(b)</sup> |  | 200000 | 210558 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.30%, 01/25/2039<sup>(b)</sup> |  | 200000 | 211700 |
| Kioxia Holdings Corp. (Japan), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 07/24/2030<sup>(b)</sup> |  | 64000 | 64107 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 07/24/2033<sup>(b)</sup> |  | 63000 | 62695 |
| Micron Technology, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.30%, 01/15/2031 |  | 45000 | 46451 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.70%, 04/15/2032 |  | 10000 | 8805 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 11/01/2032 |  | 78000 | 81589 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 11/01/2035 |  | 256000 | 269090 |
| Skyworks Solutions, Inc., 3.00%, 06/01/2031 |  | 7000 | 6314 |
|  |  |  | 2270629 |
| **Single-Family Residential REITs-0.13%** | **Single-Family Residential REITs-0.13%** | **Single-Family Residential REITs-0.13%** |  |
| American Homes 4 Rent L.P., 5.50%, 07/15/2034 |  | 122000 | 124964 |

---

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

20 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Single-Family Residential REITs-(continued)** | **Single-Family Residential REITs-(continued)** | **Single-Family Residential REITs-(continued)** |  |
| Invitation Homes Operating Partnership L.P., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.30%, 11/15/2028 | $| 7000 | $6610 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 02/01/2035 |  | &nbsp;&nbsp;&nbsp;&nbsp;109000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106547 |
|  |  |  | 238121 |
| **Soft Drinks & Non-alcoholic Beverages-0.38%** | **Soft Drinks & Non-alcoholic Beverages-0.38%** | **Soft Drinks & Non-alcoholic Beverages-0.38%** |  |
| Coca-Cola Co. (The), 5.40%, 05/13/2064 |  | 14000 | 13495 |
| Coca-Cola FEMSA S.A.B. de C.V. (Mexico), 5.10%, 05/06/2035 |  | 299000 | 299900 |
| Keurig Dr Pepper, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, 05/15/2028 |  | 43000 | 42965 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 05/15/2030 |  | 156000 | 156095 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 05/15/2035 |  | 77000 | 76081 |
| PepsiCo, Inc., 4.30%, 07/23/2030 |  | 129000 | 129851 |
|  |  |  | 718387 |
| **Sovereign Debt-2.02%** |  |  |  |
| Bahamas Government International Bond (Bahamas), 8.25%, 06/24/2036<sup>(b)</sup> |  | 228000 | 236112 |
| Barbados Government International Bond (Barbados), 8.00%, 06/26/2035<sup>(b)</sup> |  | 102000 | 102787 |
| Costa Rica Government International Bond (Costa Rica), 7.30%, 11/13/2054<sup>(b)</sup> |  | 255000 | 269694 |
| Dominican Republic International Bond (Dominican Republic), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.95%, 03/15/2037<sup>(b)</sup> |  | 325000 | 339316 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.15%, 02/24/2055<sup>(b)</sup> |  | 240000 | 249240 |
| Guatemala Government Bond (Guatemala), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 08/06/2031<sup>(b)</sup> |  | 200000 | 207100 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 08/15/2036<sup>(b)</sup> |  | 200000 | 205624 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 08/15/2055<sup>(b)</sup> |  | 200000 | 201450 |
| Peruvian Government International Bond (Peru), 5.38%, 02/08/2035 |  | 84000 | 85166 |
| Republic of Poland Government International Bond (Poland), 5.38%, 02/12/2035 |  | 305000 | 312671 |
| Romanian Government International Bond (Romania), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 02/17/2028<sup>(b)</sup> |  | 190000 | 197864 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 01/30/2029<sup>(b)</sup> |  | 124000 | 126884 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 09/16/2030<sup>(b)</sup> |  | 322000 | 325257 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 01/17/2033<sup>(b)</sup> |  | 150000 | 159835 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 03/24/2035<sup>(b)</sup> |  | 178000 | 169303 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.63%, 05/16/2036<sup>(b)</sup> |  | 340000 | 340405 |
| Trinidad & Tobago Government International Bond (Trinidad), 6.40%, 06/26/2034<sup>(b)</sup> |  | 255000 | 255633 |
|  |  |  | 3784341 |
| **Specialized Consumer Services-0.54%** | **Specialized Consumer Services-0.54%** | **Specialized Consumer Services-0.54%** |  |
| Carriage Services, Inc., 4.25%, 05/15/2029<sup>(b)</sup> |  | 149000 | 140703 |
| Rentokil Terminix Funding LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/28/2030<sup>(b)</sup> |  | 457000 | 465646 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/28/2035<sup>(b)</sup> |  | 400000 | 406502 |
|  |  |  | 1012851 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Specialized Finance-0.08%** |  |  |  |
| CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.50%, 10/15/2029<sup>(b)</sup> | $| 11000 | $8393 |
| Jefferson Capital Holdings LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.50%, 02/15/2029<sup>(b)</sup> |  | 13000 | 13821 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.25%, 05/15/2030<sup>(b)</sup> |  | 30000 | 31438 |
| TrueNoord Capital DAC (Ireland), 8.75%, 03/01/2030<sup>(b)</sup> |  | 89000 | 94634 |
|  |  |  | 148286 |
| **Specialty Chemicals-0.68%** |  |  |  |
| Celanese US Holdings LLC, 7.20%, 11/15/2033 |  | 89000 | 92663 |
| OCP S.A. (Morocco), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.10%, 04/30/2030<sup>(b)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208379 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.70%, 03/01/2036<sup>(b)</sup> |  | 202000 | 209103 |
| Sherwin-Williams Co. (The), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 08/15/2028 |  | 281000 | 282304 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 08/15/2030 |  | 118000 | 118709 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 08/15/2035 |  | 62000 | 62488 |
| Sociedad Quimica y Minera de Chile S.A. (Chile), 6.50%, 11/07/2033<sup>(b)</sup> |  | 265000 | 283178 |
| Wayfair LLC, 7.25%, 10/31/2029<sup>(b)</sup> |  | 11000 | 11243 |
|  |  |  | 1268067 |
| **Steel-0.35%** |  |  |  |
| ArcelorMittal S.A. (Luxembourg), 6.55%, 11/29/2027 |  | 86000 | 89766 |
| Cleveland-Cliffs, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 11/01/2029<sup>(b)</sup> |  | 51000 | 51834 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 03/15/2032<sup>(b)</sup> |  | 67000 | 66691 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 05/01/2033<sup>(b)</sup> |  | 2000 | 1994 |
| POSCO Holdings, Inc. (South Korea), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 05/07/2030<sup>(b)</sup> |  | 212000 | 217607 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 05/07/2035<sup>(b)</sup> |  | 217000 | 226797 |
|  |  |  | 654689 |
| **Systems Software-0.76%** |  |  |  |
| Oracle Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 11/09/2032 |  | 219000 | 236748 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 02/06/2033 |  | 110000 | 110077 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 09/27/2034 |  | 188000 | 181810 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.90%, 11/09/2052 |  | 159000 | 172314 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 09/27/2054 |  | 241000 | 214845 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 08/03/2055 |  | 133000 | 130030 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 09/27/2064 |  | 180000 | 159809 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 08/03/2065 |  | 218000 | 211856 |
|  |  |  | 1417489 |
| **Technology Hardware, Storage & Peripherals-0.26%** | **Technology Hardware, Storage & Peripherals-0.26%** | **Technology Hardware, Storage & Peripherals-0.26%** |  |
| Apple, Inc., 4.10%, 08/08/2062 |  | 151000 | 118399 |
| Hewlett Packard Enterprise Co., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/15/2034 |  | 142000 | 139657 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.60%, 10/15/2054 |  | 225000 | 207959 |
| Xerox Holdings Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 08/15/2028<sup>(b)</sup> |  | 12000 | 7817 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.88%, 11/30/2029<sup>(b)</sup> |  | 14000 | 8579 |
|  |  |  | 482411 |
| **Telecom Tower REITs-0.05%** |  |  |  |
| SBA Communications Corp., 3.13%, 02/01/2029 |  | 99000 | 93113 |

---

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

21 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Tobacco-0.31%** |  |  |  |
| B.A.T. Capital Corp. (United Kingdom), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 02/20/2034 | $| 72000 | $76457 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.08%, 08/02/2043 |  | 18000 | 19985 |
| Philip Morris International, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 02/13/2029 |  | 5000 | 5108 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/01/2029 |  | 26000 | 26422 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 04/30/2030 |  | 79000 | 79473 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 02/13/2031 |  | 26000 | 26878 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/01/2031 |  | 32000 | 32478 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 11/17/2032 |  | 39000 | 41314 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 09/07/2033 |  | 16000 | 16802 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.90%, 11/01/2034 |  | 139000 | 138459 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 04/30/2035 |  | &nbsp;&nbsp;&nbsp;&nbsp;121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119940 |
|  |  |  | 583316 |
| **Trading Companies & Distributors-0.49%** | **Trading Companies & Distributors-0.49%** | **Trading Companies & Distributors-0.49%** |  |
| Air Lease Corp., Series B, 4.65%<sup>(c)(f)</sup> |  | 168000 | 166577 |
| Aircastle Ltd., 5.25%<sup>(b)(c)(f)</sup> |  | 189000 | 188263 |
| Ferguson Enterprises, Inc., 5.00%, 10/03/2034 |  | 84000 | 83214 |
| GATX Corp., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 06/15/2035 |  | 3000 | 3056 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.05%, 06/05/2054 |  | 5000 | 5005 |
| Mitsubishi Corp. (Japan), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/02/2029<sup>(b)</sup> |  | 200000 | 205932 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 07/17/2034<sup>(b)</sup> |  | 252000 | 258677 |
|  |  |  | 910724 |
| **Transaction & Payment Processing Services-0.45%** | **Transaction & Payment Processing Services-0.45%** | **Transaction & Payment Processing Services-0.45%** |  |
| Block, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 08/15/2030<sup>(b)</sup> |  | 43000 | 43982 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 08/15/2033<sup>(b)</sup> |  | 51000 | 52391 |
| Fiserv, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 08/21/2028 |  | 78000 | 80495 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 02/15/2031 |  | 58000 | 58012 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 08/21/2033 |  | 127000 | 131846 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/15/2034 |  | 181000 | 185544 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 08/11/2035 |  | 124000 | 123559 |
| Mastercard, Inc., 4.85%, 03/09/2033 |  | 156000 | 159565 |
|  |  |  | 835394 |
| **Water Utilities-0.05%** |  |  |  |
| American Water Capital Corp., 5.70%, 09/01/2055 |  | 92000 | 90661 |
| **Wireless Telecommunication Services-0.76%** | **Wireless Telecommunication Services-0.76%** | **Wireless Telecommunication Services-0.76%** |  |
| Rogers Communications, Inc. (Canada), |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 04/15/2055<sup>(c)</sup> |  | 105000 | 107969 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 04/15/2055<sup>(c)</sup> |  | 73000 | 75816 |
| Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, 5.15%, 03/20/2028<sup>(b)</sup> |  | 606100 | 610637 |
| T-Mobile USA, Inc., |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 04/15/2050 |  | 105000 | 85900 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.65%, 01/15/2053 |  | 138000 | 132263 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 06/15/2054 |  | 4000 | 4029 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 11/15/2055 |  | 128000 | 126397 |

---

---

| | | |
|:---|:---|:---|
|  | Principal | |
|  | Amount | Value |
| **Wireless Telecommunication Services-(continued)** | **Wireless Telecommunication Services-(continued)** | **Wireless Telecommunication Services-(continued)** |
| Vodafone Group PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 02/10/2063 | $35000 | $33023 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 06/04/2081<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184532 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 06/04/2081<sup>(c)</sup> | 92000 | 71474 |
|  |  | 1432040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Dollar Denominated Bonds & Notes (Cost $157,273,997) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Dollar Denominated Bonds & Notes (Cost $157,273,997) | 159137995 |
| **U.S. Treasury Securities-3.85%** | **U.S. Treasury Securities-3.85%** |  |
| **U.S. Treasury Bills-0.66%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88% - 4.11%, 05/14/2026<sup>(k)(l)</sup> | 1276000 | 1242509 |
| **U.S. Treasury Bonds-0.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 08/15/2045 | 165800 | 166007 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 05/15/2055 | 1123400 | 1093209 |
|  |  | 1259216 |
| **U.S. Treasury Notes-2.52%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 07/31/2027 | 518900 | 521089 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.63%, 08/15/2028 | 730400 | 731399 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 07/31/2030 | 418500 | 421933 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/31/2032 | 4800 | 4822 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 08/15/2035 | 3037400 | 3043807 |
|  |  | 4723050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Securities<br>(Cost $7,211,184) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Treasury Securities<br>(Cost $7,211,184) | 7224775 |
|  | Shares |  |
| **Preferred Stocks-3.20%** |  |  |
| **Aerospace & Defense-0.08%** |  |  |
| Boeing Co. (The), 6.00%, Conv. Pfd. | 2000 | 148840 |
| **Diversified Banks-1.29%** |  |  |
| Wells Fargo & Co., 7.50%, Class A, Series L, Conv. Pfd. | 1992 | 2420280 |
| **Diversified Financial Services-0.25%** |  |  |
| Apollo Global Management, Inc., 7.63%,<br>Pfd.<sup>(c)</sup> | 17750 | 469488 |
| **Investment Banking & Brokerage-1.39%** | **Investment Banking & Brokerage-1.39%** |  |
| Morgan Stanley, 7.13%, Series E, Pfd. | 62725 | 1601369 |
| Morgan Stanley, 6.88%, Series F, Pfd. | 40000 | 1014400 |
|  |  | 2615769 |
| **Regional Banks-0.19%** |  |  |
| M&T Bank Corp., 7.50%, Series J, Pfd. | 12854 | 348343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Preferred Stocks (Cost $5,982,089) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Preferred Stocks (Cost $5,982,089) | 6002720 |
|  | Principal |  |
|  | Amount |  |
| **Asset-Backed Securities-2.85%** |  |  |
| Centersquare Issuer LLC, Series 2025-3A, Class A2, 5.00%, 08/25/2055<sup>(b)</sup> | $270000 | 260906 |
| CLI Funding IX LLC, Series 2025-1A, Class A, 5.35%, 06/20/2050<sup>(b)</sup> | 111070 | 113043 |
| Domino's Pizza Master Issuer LLC, Series 2025-1A, Class A2I, 4.93%, 07/25/2055<sup>(b)</sup> | 290000 | 292226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1A, Class A2II, 5.22%, 07/25/2055<sup>(b)</sup> | 240000 | 242337 |
| Hilton Grand Vacations Trust, Series 2025-1A, Class A, 4.88%, 05/27/2042<sup>(b)</sup> | 91435 | 92854 |

---

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

22 Invesco Bond Fund

------

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| Jersey Mike's Funding, Series 2025-1A, Class A2, 5.61%, 08/16/2055<sup>(b)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;200000 | $204303 |
| Jimmy John's Funding LLC, Series 2017-1A, Class A2II, 4.85%, 07/30/2047<sup>(b)</sup> |  | 362442 | 360735 |
| PMT Loan Trust, Series 2025-INV1, Class A7, 6.00%, 01/25/2060<sup>(b)(m)</sup> |  | 134760 | 136961 |
| Qdoba Funding LLC, Series 2023-1A, Class A2, 8.50%, 09/14/2053<sup>(b)</sup> |  | 462840 | 484468 |
| Sonic Capital LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A, Class A2I, 3.85%, 01/20/2050<sup>(b)</sup> |  | 302100 | 297060 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I, 2.19%, 08/20/2051<sup>(b)</sup> |  | 201775 | 186736 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2II, 2.64%, 08/20/2051<sup>(b)</sup> |  | 201775 | 174877 |
| Subway Funding LLC, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class A23, 6.51%, 07/30/2054<sup>(b)</sup> |  | 231252 | 238574 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2I, 6.03%, 07/30/2054<sup>(b)</sup> |  | 254080 | 258347 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2I, 6.27%, 07/30/2054<sup>(b)</sup> |  | 252095 | 258486 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A, Class A23, 5.91%, 07/30/2054<sup>(b)</sup> |  | 248125 | 247408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A, Class A2I, 5.25%, 07/30/2054<sup>(b)</sup> |  | 233237 | 233599 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A, Class A2I, 5.57%, 07/30/2054<sup>(b)</sup> |  | 238200 | 239190 |
| Wendy's Funding LLC, Series 2018-1A, Class A2II, 3.88%, 03/15/2048<sup>(b)</sup> |  | 619607 | 608293 |
| Zaxby's Funding LLC, Series 2024-1A, Class A2I, 6.59%, 04/30/2054<sup>(b)</sup> |  | 148500 | 152490 |
| Zayo Issuer LLC, Series 2025-2A, Class A2, 5.95%, 06/20/2055<sup>(b)</sup> |  | 258000 | 266731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Asset-Backed Securities (Cost $5,341,204) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Asset-Backed Securities (Cost $5,341,204) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Asset-Backed Securities (Cost $5,341,204) | 5349624 |
| **Variable Rate Senior Loan Interests–0.76%<sup>(n)(o)</sup>** | **Variable Rate Senior Loan Interests–0.76%<sup>(n)(o)</sup>** | **Variable Rate Senior Loan Interests–0.76%<sup>(n)(o)</sup>** |  |
| **Aerospace & Defense–0.05%** |  |  |  |
| TransDigm, Inc., Term Loan M, 6.85% (1 mo. Term SOFR + 2.50%), 08/30/2032 |  | 88667 | 88793 |
| **Automobile Manufacturers–0.01%** |  |  |  |
| Panther BF Aggregator 2 L.P. (Power Solutions, Clarios POWSOL) (United Kingdom), Term Loan B, 7.07% (1 mo. SOFR + 2.75%), 01/15/2032 |  | 25000 | 25051 |
| **Health Care Facilities–0.03%** |  |  |  |
| Select Medical Corp., Term Loan B, 6.32% (1 mo. SOFR + 0.20%), 11/30/2031 |  | 52656 | 52853 |
| **Passenger Airlines–0.11%** |  |  |  |
| AAdvantage Loyalty IP Ltd. (American Airlines, Inc.), Term Loan B, 7.58% (3 mo. Term SOFR + 3.25%), 05/07/2032 |  | 212567 | 213962 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Principal | Principal | |
|  | Amount | Amount | Value |
| **Restaurants–0.19%** |  |  |  |
| Raising Cane's Restaurants LLC, Term Loan B, 6.32% (1 mo. SOFR + 2.00%), 09/10/2031 |  | 351345 | $351895 |
| **Wireless Telecommunication Services–0.37%** | **Wireless Telecommunication Services–0.37%** | **Wireless Telecommunication Services–0.37%** |  |
| X Corp., Term Loan B, 9.50%, 10/27/2029 |  | 700000 | 689248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Variable Rate Senior Loan Interests (Cost $1,430,499) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Variable Rate Senior Loan Interests (Cost $1,430,499) |  | 1421802 |
| **Non-U.S. Dollar Denominated Bonds & Notes–0.45%<sup>(p)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–0.45%<sup>(p)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–0.45%<sup>(p)</sup>** | **Non-U.S. Dollar Denominated Bonds & Notes–0.45%<sup>(p)</sup>** |
| **Cable & Satellite–0.06%** |  |  |  |
| Sunrise FinCo I B.V. (Netherlands), 4.63%, 05/15/2032<sup>(b)</sup> | EUR | 100000 | 118271 |
| **Drug Retail–0.07%** |  |  |  |
| Boots Group Finco L.P. (United Kingdom), 7.38%, 08/31/2032<sup>(b)</sup> | GBP | 100000 | 138204 |
| **Health Care Supplies–0.06%** |  |  |  |
| Bausch + Lomb Netherlands B.V. and Bausch & Lomb, Inc., 5.87% (3 mo. EURIBOR + 3.88%), 01/15/2031<sup>(b)(d)</sup> | EUR | 100000 | 118316 |
| **Hotels, Resorts & Cruise Lines–0.06%** | **Hotels, Resorts & Cruise Lines–0.06%** | **Hotels, Resorts & Cruise Lines–0.06%** |  |
| Carnival PLC, 4.13%, 07/15/2031<sup>(b)</sup> | EUR | 100000 | 118173 |
| **Metal, Glass & Plastic Containers–0.07%** | **Metal, Glass & Plastic Containers–0.07%** | **Metal, Glass & Plastic Containers–0.07%** |  |
| Ball Corp., 4.25%, 07/01/2032 | EUR | 100000 | 119466 |
| **Specialized Consumer Services–0.06%** | **Specialized Consumer Services–0.06%** | **Specialized Consumer Services–0.06%** |  |
| Allwyn Entertainment Financing (UK) PLC (Czech Republic), 4.13%, 02/15/2031<sup>(b)</sup> | EUR | 100000 | 115807 |
| **Transaction & Payment Processing Services–0.07%** | **Transaction & Payment Processing Services–0.07%** | **Transaction & Payment Processing Services–0.07%** | **Transaction & Payment Processing Services–0.07%** |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 5.50%, 05/15/2033<sup>(b)</sup> | EUR | 100000 | 121393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-U.S. Dollar Denominated Bonds & Notes<br>(Cost $826,813) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-U.S. Dollar Denominated Bonds & Notes<br>(Cost $826,813) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-U.S. Dollar Denominated Bonds & Notes<br>(Cost $826,813) | 849630 |
|  |  | Shares |  |
| **Money Market Funds–3.16%** | **Money Market Funds–3.16%** | **Money Market Funds–3.16%** |  |
| Invesco Government & Agency Portfolio, Institutional Class,<br>4.21%<sup>(q)(r)</sup> |  | 2073057 | 2073057 |
| Invesco Treasury Portfolio, Institutional Class, 4.17%<sup>(q)(r)</sup> |  | 3849962 | 3849962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds (Cost $5,923,019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds (Cost $5,923,019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds (Cost $5,923,019) | 5923019 |
| Options Purchased–0.05% (Cost $98,245)<sup>(s)</sup> |  |  | 85232 |
| TOTAL INVESTMENTS IN SECURITIES–99.18%<br>(Cost $184,087,050) | TOTAL INVESTMENTS IN SECURITIES–99.18%<br>(Cost $184,087,050) | TOTAL INVESTMENTS IN SECURITIES–99.18%<br>(Cost $184,087,050) | 185994797 |
| OTHER ASSETS LESS LIABILITIES–0.82% | OTHER ASSETS LESS LIABILITIES–0.82% | OTHER ASSETS LESS LIABILITIES–0.82% | 1534337 |
| NET ASSETS–100.00% |  |  | $187529134 |

---

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

23 Invesco Bond Fund

------

Investment Abbreviations:

---

| | |
|:---|:---|
| Conv. | – Convertible |
| EUR | – Euro |
| EURIBOR | – Euro Interbank Offered Rate |
| GBP | – British Pound Sterling |
| Pfd. | – Preferred |
| PIK | – Pay-in-Kind |
| REIT | – Real Estate Investment Trust |
| SOFR | – Secured Overnight Financing Rate |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at August 31, 2025 was $71,234,845, which represented 37.99% of the Fund's Net Assets. 

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

<sup>(d)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on August 31, 2025.

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

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

<sup>(g)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at August 31, 2025 was $30,960, which represented less than 1% of the Fund's Net Assets. 

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

(i) Zero coupon bond issued at a discount.

<sup>(j)</sup> Restricted security. The value of this security at August 31, 2025 represented less than 1% of the Fund's Net Assets. 

<sup>(k)</sup> All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. See Note 1K.

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

<sup>(m)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on August 31, 2025.

<sup>(n)</sup> Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. 

<sup>(o)</sup> Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the "1933 Act") and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund's portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. 

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value<br>February 28, 2025 | Purchases<br>at Cost | Proceeds<br>from Sales | Change in<br>Unrealized<br>Appreciation | Realized<br>Gain | Value<br>August 31, 2025 | Dividend Income |
| **Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| Invesco Government & Agency Portfolio, Institutional Class | $- | $18963926 | $(16890869) | $- | $- | $2073057 | $20677 |
| Invesco Liquid Assets Portfolio, Institutional Class |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881 |
| Invesco Treasury Portfolio, Institutional Class |  | 35218718 | (31368756) |  |  | 3849962 | 38083 |
| Total | $- | $54182644 | $(48259625) | $- | $- | $5923019 | $59641 |

---

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

<sup>(s)</sup> The table below details options purchased.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased | Open Exchange-Traded Index Options Purchased |
| Description | Type of<br>Contract | Expiration<br>Date | Number of<br>Contracts | Exercise<br>Price | Notional<br>Value<sup>(a)</sup> | Value |
| **Equity Risk** |  |  |  |  |  |  |
| S&P 500® Mini Index | Call | 11/28/2025 | 56 | USD 655.00 | USD 3,668,000 | $85232 |

---

<sup>(a)</sup> Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.

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

24 Invesco Bond Fund

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Open Futures Contracts | Open Futures Contracts | Open Futures Contracts | Open Futures Contracts | Open Futures Contracts | Open Futures Contracts |
| Long Futures Contracts | Number of <br>Contracts | Expiration <br>Month | Notional <br>Value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value | Unrealized<br> Appreciation <br>(Depreciation) |
| **Interest Rate Risk** |  |  |  |  |  |
| U.S. Treasury 2 Year Notes | 82 | December-2025 | $17100203 | $30928 | $30928 |
| U.S. Treasury 5 Year Notes | 94 | December-2025 | 10290062 | 49226 | 49226 |
| U.S. Treasury Long Bonds | 74 | December-2025 | 8454500 | (15031) | (15031) |
| U.S. Treasury Ultra Bonds | 21 | December-2025 | 2447813 | 1641 | 1641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal-Long Futures Contracts |  |  |  | 66764 | 66764 |
| **Short Futures Contracts** |  |  |  |  |  |
| **Interest Rate Risk** |  |  |  |  |  |
| U.S. Treasury 10 Year Notes | 31 | December-2025 | (3487500) | (10216) | (10216) |
| U.S. Treasury 10 Year Ultra Notes | 83 | December-2025 | (9495719) | (24641) | (24641) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal-Short Futures Contracts |  |  |  | (34857) | (34857) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Futures Contracts |  |  |  | $31907 | $31907 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Open Forward Foreign Currency Contracts | Open Forward Foreign Currency Contracts | Open Forward Foreign Currency Contracts | Open Forward Foreign Currency Contracts | Open Forward Foreign Currency Contracts |
| **Settlement**<br>**Date** |  | Contract to | Contract to | **Unrealized**<br>**Appreciation**<br>**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)**  |
| **Settlement**<br>**Date** |  |  |  | **Unrealized**<br>**Appreciation**<br>**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)**  |
| **Settlement**<br>**Date** | Counterparty | Deliver | Receive | **Unrealized**<br>**Appreciation**<br>**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)**  |
| **Currency Risk** |  |  |  |  |
| 10/31/2025 | Citibank, N.A. | EUR 504,000 | USD 593,760 | $1946 |
| **Currency Risk** |  |  |  |  |
| 10/31/2025 | Morgan Stanley and Co. International PLC | GBP 100,000 | USD 133,727 | (1491) |
| 10/31/2025 | State Street Bank & Trust Co. | EUR 90,000 | USD 104,994 | (687) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal-Depreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal-Depreciation |  |  | (2178) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Forward Foreign Currency Contracts |  |  | $(232) |

---

Abbreviations:

EUR –Euro

GBP –British Pound Sterling

USD –U.S. Dollar

### Portfolio Composition
By security type, based on Net Assets

as of August 31, 2025

---

| | |
|:---|:---|
| U.S. Dollar Denominated Bonds & Notes | 84.86% |
| U.S. Treasury Securities | 3.85 |
| Preferred Stocks | 3.20 |
| Asset-Backed Securities | 2.85 |
| Security Types Each Less Than 1% of Portfolio | 1.26 |
| Money Market Funds Plus Other Assets Less Liabilities | 3.98 |

---

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

25 Invesco Bond Fund

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### Statement of Assets and Liabilities
August 31, 2025

(Unaudited)

---

| | |
|:---|:---|
| **Assets:** |  |
| Investments in unaffiliated securities, at value<br>(Cost $178,164,031) | $180071778 |
| Investments in affiliated money market funds, at value<br>(Cost $5,923,019) | 5923019 |
| Other investments: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized appreciation on forward foreign currency contracts outstanding | 1946 |
| Foreign currencies, at value (Cost $7,804) | 7819 |
| Receivable for: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments sold | 527430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends | 68115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | 2259766 |
| Investment for trustee deferred compensation and retirement plans | 30566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 188890439 |
| **Liabilities:** |  |
| Other investments: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Variation margin payable – futures contracts | 35397 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized depreciation on forward foreign currency contracts outstanding | 2178 |
| Payable for: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments purchased | 1064612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends | 57009 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amount due custodian | 99990 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued fees to affiliates | 20381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued trustees' and officers' fees and benefits | 1318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued other operating expenses | 49854 |
| Trustee deferred compensation and retirement plans | 30566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1361305 |
| Net assets applicable to common shares | $187529134 |

---

---

| | |
|:---|:---|
| **Net assets applicable to common shares consist of:** |  |
| Shares of beneficial interest | $219759218 |
| Distributable earnings (loss) | (32230084) |
|  | $187529134 |
| **Common shares outstanding, no par value, with an unlimited number of common shares authorized:** |  |
| Shares outstanding | 11425089 |
| Net asset value per common share | $16.41 |
| Market value per common share | $15.47 |

---

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

26 Invesco Bond Fund

------

### Statement of Operations
For the six months ended August 31, 2025

(Unaudited)

---

| | |
|:---|:---|
| **Investment income:** |  |
| Interest | $5071262 |
| Dividends | 197410 |
| Dividends from affiliated money market funds | 59641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income | 5328313 |
| **Expenses:** |  |
| Advisory fees | 392212 |
| Administrative services fees | 13223 |
| Custodian fees | 20377 |
| Transfer agent fees | 23690 |
| Trustees' and officers' fees and benefits | 11201 |
| Registration and filing fees | 11976 |
| Reports to shareholders | 18135 |
| Professional services fees | 31525 |
| Other | 3565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 525904 |
| Less: Fees waived | (1717) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net expenses | 524187 |
| Net investment income | 4804126 |
| **Realized and unrealized gain (loss) from:** |  |
| Net realized gain (loss) from: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated investment securities | (495588) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currencies | 7750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | (23899) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts | (267181) |
| &nbsp;&nbsp;&nbsp;&nbsp;Option contracts written | 2658 |
|  | (776260) |
| Change in net unrealized appreciation (depreciation) of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated investment securities | 644792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currencies | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | (771) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts | (285716) |
|  | 359781 |
| Net realized and unrealized gain (loss) | (416479) |
| Net increase in net assets resulting from operations | $4387647 |

---

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

27 Invesco Bond Fund

------

### Statement of Changes in Net Assets
For the six months ended August 31, 2025 and the year ended February 28, 2025

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | August 31, | February 28, |
|  | 2025 | 2025 |
| **Operations:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income | $4804126 | $9680920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) | (776260) | (216559) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation | 359781 | 3784399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net increase in net assets resulting from operations | 4387647 | 13248760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions to common shareholders from distributable earnings | (4798537) | (9822584) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase in common shares of beneficial interest |  | 111416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets | (410890) | 3537592 |
| **Net assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 187940024 | 184402432 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $187529134 | $187940024 |

---

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

28 Invesco Bond Fund

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### Financial Highlights
(Unaudited)

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Six Months Ended | Year Ended | Year Ended | Years Ended | Years Ended | Years Ended |
|  | August 31, | February 28, | February 29, | February 28, | February 28, | February 28, |
|  | 2025 | 2025 | 2024 | 2023 | 2022 | 2021 |
| Net asset value, beginning of period | $16.45 | $16.15 | $16.23 | $18.91 | $20.81 | $21.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(a)</sup> | 0.42 | 0.85 | 0.81 | 0.71 | 0.65 | 0.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) on securities (both realized and unrealized) | (0.04) | 0.31 | (0.08) | (2.64) | (1.35) | 0.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total from investment operations | 0.38 | 1.16 | 0.73 | (1.93) | (0.70) | 1.23 |
| Less: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends from net investment income | (0.42) | (0.86) | (0.81) | (0.75) | (0.66) | (0.73) |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions from net realized gains |  |  |  | (0.00) | (0.54) | (0.75) |
| Total distributions | (0.42) | (0.86) | (0.81) | (0.75) | (1.20) | (1.48) |
| Net asset value, end of period | $16.41 | $16.45 | $16.15 | $16.23 | $18.91 | $20.81 |
| Market value, end of period | $15.47 | $15.59 | $15.76 | $16.23 | $17.70 | $19.78 |
| Total return at net asset value<sup>(b)</sup> | 2.50% | 7.47% | 4.98% | (10.07)% | (3.46)% | 6.11% |
| Total return at market value<sup>(c)</sup> | 1.96% | 4.38% | 2.44% | (3.92)% | (4.94)% | 8.88% |
| Net assets, end of period (000's omitted) | $187529 | $187940 | $184402 | $185220 | $215871 | $237591 |
| Portfolio turnover rate<sup>(d)</sup> | 96% | 145% | 175% | 134% | 137% | 173% |
| **Ratios/supplemental data based on average net assets:** | **Ratios/supplemental data based on average net assets:** | **Ratios/supplemental data based on average net assets:** | **Ratios/supplemental data based on average net assets:** |  |  |  |
| Ratio of expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;With fee waivers and/or expense reimbursements | 0.56 %<sup>(e)</sup> | 0.62% | 0.57% | 0.63% | 0.52% | 0.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;Without fee waivers and/or expense reimbursements | 0.56 %<sup>(e)</sup> | 0.62% | 0.57% | 0.63% | 0.52% | 0.54% |
| Ratio of net investment income to average net assets | 5.14 %<sup>(e)</sup> | 5.19% | 5.08% | 4.25% | 3.17% | 3.39% |

---

<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 as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Not annualized for periods less than one year, if applicable. 

<sup>(c)</sup> Total return assumes an investment at the common share market price at the beginning of the period indicated, reinvestment of all distributions for the period in accordance with the Fund's dividend reinvestment plan, and sale of all shares at the closing common share market price at the end of the period indicated. Not annualized for periods less than one year, if applicable. 

<sup>(d)</sup> Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

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

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

29 Invesco Bond Fund

------

### Notes to Financial Statements
August 31, 2025

(Unaudited)

#### NOTE 1–Significant Accounting Policies
Invesco Bond Fund (the "Fund") is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end management investment company.

The Fund's investment objective is to seek interest income while conserving capital.

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 following is a summary of the significant accounting policies followed by the Fund in the preparation of its financial statements.

A. Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Fixed income securities (including convertible debt securities) generally are valued on the basis of prices provided by independent pricing services. Prices provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Pricing services generally value debt obligations assuming orderly transactions of institutional round lot size, but a fund may hold or transact in the same securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots, and their value may be adjusted accordingly. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

A security listed or traded on an exchange is generally valued at its trade price or official closing price that day as of the close of the exchange where the security is principally traded, or lacking any trades or official closing price on a particular day, the security may be valued at the closing bid or ask price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued using prices provided by an independent pricing service they may be considered fair valued. Futures contracts are valued at the daily settlement price set by an exchange on which they are principally traded. Where a final settlement price exists, exchange-traded options are valued at the final settlement price from the exchange where the option principally trades. Where a final settlement price does not exist, exchange-traded options are valued at the mean between the last bid and ask price generally from the exchange where the option principally trades.

Securities of investment companies that are not exchange-traded (e.g., open-end mutual funds) are valued using such company's end-of-business-day net asset value per share.

Deposits, other obligations of U.S. and non-U.S. banks and financial institutions are valued at their daily account value.

Foreign securities' (including foreign exchange contracts) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the New York Stock Exchange ("NYSE"). If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Invesco Advisers, Inc. (the "Adviser" or "Invesco") may use various pricing services to obtain market quotations as well as fair value prices. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become not representative of market value in the Adviser's judgment ("unreliable"). If, between the time trading ends on a particular security and the close of the customary trading session on the NYSE, a significant event occurs that makes the closing price of the security unreliable, the Adviser may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith in accordance with Board- approved policies and related Adviser procedures ("Valuation Procedures"). Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities' prices meeting the degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standard

Unlisted securities will be valued using prices provided by independent pricing services or by another method that the Adviser, in its judgment, believes better reflects the security's fair value in accordance with the Valuation Procedures.

Non-traded rights and warrants shall be valued at intrinsic value if the terms of the rights and warrants are available, specifically the subscription or exercise price and the ratio. Intrinsic value is calculated as the daily market closing price of the security to be received less the subscription price, which is then adjusted by the exercise ratio. In the case of warrants, an option pricing model supplied by an independent pricing service may be used based on market data such as volatility, stock price and interest rate from the independent pricing service and strike price and exercise period from verified terms.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The mean between the last bid and ask prices may be used to value debt obligations, including corporate loans.

Securities for which market quotations are not readily available are fair valued by the Adviser in accordance with the Valuation Procedures. If a fair value price provided by a pricing service is unreliable, 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.

The 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 Fund investments.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer's assets, general market conditions which are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, military conflicts, acts of terrorism, economic crises, economic sanctions and tariffs, significant governmental actions or adverse investor sentiment generally and market liquidity. 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.

The price the Fund could receive upon the sale of any investment may differ from the Adviser's valuation of the investment, particularly for The price the Fund could receive upon the sale of any investment may differ from the Adviser's valuation of the investment, particularly for securities that are valued using a fair valuation technique. When fair valuation techniques are applied, the Adviser uses available information, including both observable and unobservable inputs and assumptions, to determine a methodology that will result in a valuation that the Adviser believes approximates market value. Fund securities that are fair valued may be subject to greater fluctuation in their value from one day to the next than would be the case if market quotations were used. Because of the inherent uncertainties of valuation, and the degree of subjectivity in such decisions, the Fund could realize a greater or lesser than expected gain or loss upon the sale of the investment.

B. Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are

30 Invesco Bond Fund

------

computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on an accrual basis from settlement date and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Pay-in-kind interest income and non-cash dividend income received in the form of securities in lieu of cash are recorded at the fair value of the securities received. Paydown gains and losses on mortgage and asset-backed securities are recorded as adjustments to interest income. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements.Any proceeds received are included in the Statement 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 and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and the Statement 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 Fund and the investment adviser.

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 – The Fund declares and pays monthly dividends from net investment income to common shareholders. Distributions from net realized capital gain, if any, are generally declared and paid annually and are distributed on a pro rata basis to common shareholders.

E. Federal Income Taxes – The Fund intends 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 Fund's taxable earnings to shareholders. As such, the Fund 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 Fund recognizes the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed the Fund's uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

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

F. 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.

G. Indemnifications – Under the Fund's organizational documents, each Trustee, officer, employee or other agent of the Fund 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 the Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

H. 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, the Adviser acts 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.

I. Foreign Currency Translations – Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities, which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. Foreign taxes, if any, are recorded based on the tax regulations and rates that exist in the foreign markets in which the Fund invests and are shown in the Statement of Operations.

The performance of the Fund may be materially affected positively or negatively by foreign currency strength or weakness relative to the U.S. dollar. Currency rates in foreign countries may fluctuate for a number of reasons, including changes in interest rates, political, economic, or social instability and development, and imposition of currency controls. Currency controls in certain foreign jurisdictions may cause the Fund to experience significant delays in its ability to repatriate its assets in U.S. dollars at quoted spot rates, and it is possible that the Fund's ability to convert certain foreign currencies into U.S. dollars may be limited and may occur at discounts to quoted rates. As a result, the value of the Fund's assets and liabilities denominated in such currencies that would ultimately be realized could differ from those reported on the Statement of Assets and Liabilities. Certain foreign companies may be subject to sanctions, embargoes, or other governmental actions that may limit the ability to invest in, receive, hold, or sell the securities of such companies, all of which affect the market and/or credit risk of the investments. 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.

31 Invesco Bond Fund

------

J. Forward Foreign Currency Contracts – The Fund may engage in foreign currency transactions either on a spot (i.e. for prompt delivery and settlement) basis, or through forward foreign currency contracts, to manage or minimize currency or exchange rate risk.

The Fund may also enter into forward foreign currency contracts for the purchase or sale of a security denominated in a foreign currency in order to "lock in" the U.S. dollar price of that security, or the Fund may also enter into forward foreign currency contracts that do not provide for physical exchange of the two currencies on the settlement date, but instead are settled by a single cash payment calculated as the difference between the agreed upon exchange rate and the spot rate at settlement based upon an agreed upon notional amount (non-deliverable forwards).

A forward foreign currency contract is an obligation between two parties ("Counterparties") to purchase or sell a specific currency for an agreed-upon price at a future date. The use of forward foreign currency contracts for hedging does not eliminate fluctuations in the price of the underlying securities the Fund owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the contract date and reporting date exchange rates and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with forward foreign currency contracts include failure of the Counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

K. Futures Contracts – The Fund may enter into futures contracts to manage exposure to interest rate, equity and market price movements and/or currency risks. A futures contract is an agreement between Counterparties to purchase or sell a specified underlying security, currency or commodity (or delivery of a cash settlement price, in the case of an index future) for a fixed price at a future date. The Fund currently invests only in exchange-traded futures and they are standardized as to maturity date and underlying instrument or asset. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities or cash as collateral at the futures commission merchant (broker). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by recalculating the value of the contracts on a daily basis. Subsequent or variation margin payments are received or made depending upon whether unrealized gains or losses are incurred. These amounts are reflected as receivables or payables on the Statement of Assets and Liabilities. When the contracts are closed or expire, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund's basis in the contract. The net realized gain (loss) and the change in unrealized gain (loss) on futures contracts held during the period is included on the Statement of Operations. The primary risks associated with futures contracts are market risk and the absence of a liquid secondary market. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Futures contracts have minimal Counterparty risk since the exchange's clearinghouse, as Counterparty to all exchange-traded futures, guarantees the futures against default. Risks may exceed amounts recognized in the Statement of Assets and Liabilities.

L. Call Options Purchased and Written – The Fund may write covered call options and/or buy call options. A covered call option gives the purchaser of such option the right to buy, and the writer the obligation to sell, the underlying security or foreign currency at the stated exercise price during the option period. Options written by the Fund normally will have expiration dates between three and nine months from the date written. The exercise price of a call option may be below, equal to, or above the current market value of the underlying security at the time the option is written.

Additionally, the Fund may enter into an option on a swap agreement, also called a "swaption". A swaption is an option that gives the buyer the right, but not the obligation, to enter into a swap on a future date in exchange for paying a market-based premium. A receiver swaption gives the owner the right to receive the total return of a specified asset, reference rate or index. Swaptions also include options that allow an existing swap to be terminated or extended by one of the Counterparties.

When the Fund writes a covered call option, an amount equal to the premium received by the Fund is recorded as an asset and an equivalent liability in the Statement of Assets and Liabilities. The amount of the liability is subsequently "marked-to-market" to reflect the current market value of the option written. If a written covered call option expires on the stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or a loss if the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is extinguished. If a written covered call option is exercised, the Fund realizes a gain or a loss from the sale of the underlying security and the proceeds of the sale are increased by the premium originally received. Realized and unrealized gains and losses on call options written are included in the Statement of Operations as Net realized gain (loss) from and Change in net unrealized appreciation (depreciation) of Option contracts written. A risk in writing a covered call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised.

When the Fund buys a call option, an amount equal to the premium paid by the Fund is recorded as an investment on the Statement of Assets and Liabilities. The amount of the investment is subsequently "marked-to-market" to reflect the current value of the option purchased. Realized and unrealized gains and losses on call options purchased are included in the Statement of Operations as Net realized gain (loss) from and Change in net unrealized appreciation (depreciation) of Investment securities. A risk in buying an option is that the Fund pays a premium whether or not the option is exercised. In addition, there can be no assurance that a liquid secondary market will exist for any option purchased.

M. Collateral – To the extent the Fund has designated or segregated a security as collateral and that security is subsequently sold, it is the Fund's practice to replace such collateral no later than the next business day.

N. Leverage Risk – Leverage exists when the Fund can lose more than it originally invests because it purchases or sells an instrument or enters into a transaction without investing an amount equal to the full economic exposure of the instrument or transaction.

O. Other Risks - Active trading of portfolio securities may result in added expenses, a lower return and increased tax liability.

Fluctuations in the federal funds and equivalent foreign rates or other changes to monetary policy or regulatory actions may expose fixed income markets to heightened volatility, perhaps suddenly and to a significant degree, and to reduced liquidity for certain fixed income investments, particularly those with longer maturities. Such changes and resulting increased volatility may adversely impact the Fund, including its operations, universe of potential investment options, and return potential. It is difficult to predict the impact of interest rate changes on various markets. In addition, decreases in fixed income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed income markets. As a result, the value of the Fund's investments and share price may decline. Changes in central bank policies and other governmental actions and political events within the U.S. and abroad may also, among other things, affect investor and consumer expectations and confidence in the financial markets. This could result in higher than normal redemptions by shareholders, which could potentially increase the Fund's portfolio turnover rate and transaction costs.

There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advanced warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.

Investments in high yield debt securities ("junk bonds") and other lower-rated securities will subject the Fund to substantial risk of loss. These securities are considered to be speculative with respect to the issuer's ability to pay interest and principal when due, are more susceptible to default or decline in market value and are less liquid than investment grade debt securities. Prices of high yield debt securities tend to be very volatile. The values of high yield debt securities often fluctuate more in response to company, political, regulatory or economic developments than higher quality bonds, and their values can decline significantly over short periods of time or during periods of economic difficulty when the bonds could be difficult to value or sell at a fair price, thus subjecting the Fund to a substantial risk of loss.

32 Invesco Bond Fund

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#### NOTE 2–Advisory Fees and Other Fees Paid to Affiliates
The Fund 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 based on the annual rate of the Fund's average daily net assets as follows:

---

| | |
|:---|:---|
| Average Daily Net Assets | Rate |
| First $500 million | 0.420% |
| Over $500 million | 0.350% |

---

For the six months ended August 31, 2025, the effective advisory fee rate incurred by the Fund was 0.42%.

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. (collectively, the "Affiliated Sub-Advisers") the Adviser, not the Fund, 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 the Fund based on the percentage of assets allocated to such Affiliated Sub-Adviser(s).

The Adviser has contractually agreed, through at least August 31, 2026, to waive the advisory fee payable by the Fund in an amount equal to the advisory fees earned on underlying affiliated investments, including 100% of the net advisory fees the Adviser receives from the affiliated money market funds on investments by the Fund of uninvested cash in such affiliated money market funds.

For the six months ended August 31, 2025, the Adviser waived advisory fees of $1,717.

The Fund 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 August 31, 2025, expenses incurred under this agreement are shown in the Statement of Operations as Administrative services fees. Invesco has entered into a sub-administration agreement whereby State Street Bank and Trust Company ("SSB") 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, SSB also serves as the Fund's custodian.

Certain officers and trustees of the Fund are officers and directors of Invesco.

#### 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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.  |

---

---

| | |
|:---|:---|
| Level 3 – | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect 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.  |

---

The following is a summary of the tiered valuation input levels, as of August 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investments in Securities** |  |  |  |  |
| U.S. Dollar Denominated Bonds & Notes | $– | $158168818 | $969177 | $159137995 |
| U.S. Treasury Securities |  | 7224775 |  | 7224775 |
| Preferred Stocks | 6002720 |  |  | 6002720 |
| Asset-Backed Securities |  | 5349624 |  | 5349624 |
| Variable Rate Senior Loan Interests |  | 1421802 |  | 1421802 |
| Non-U.S. Dollar Denominated Bonds & Notes |  | 849630 |  | 849630 |
| Money Market Funds | 5923019 |  |  | 5923019 |
| Options Purchased | 85232 |  |  | 85232 |
| **Total Investments in Securities** | 12010971 | 173014649 | 969177 | 185994797 |
| **Other Investments - Assets\*** |  |  |  |  |
| Futures Contracts | 81795 |  |  | 81795 |
| Forward Foreign Currency Contracts |  | 1946 |  | 1946 |
|  | 81795 | 1946 |  | 83741 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | (49888) |  |  | (49888) |
| Forward Foreign Currency Contracts |  | (2178) |  | (2178) |
|  | (49888) | (2178) |  | (52066) |
| **Total Other Investments** | 31907 | (232) |  | 31675 |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments** | $12042878 | $173014417 | $969177 | $186026472 |

---

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

33 Invesco Bond Fund

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#### NOTE 4—Derivative Investments
The Fund may enter into an International Swaps and Derivatives Association Master Agreement ("ISDA Master Agreement") under which a fund may trade OTC derivatives. An OTC transaction entered into under an ISDA Master Agreement typically involves a collateral posting arrangement, payment netting provisions and close-out netting provisions. These netting provisions allow for reduction of credit risk through netting of contractual obligations. The enforceability of the netting provisions of the ISDA Master Agreement depends on the governing law of the ISDA Master Agreement, among other factors.

For financial reporting purposes, the Fund does not offset OTC derivative assets or liabilities that are subject to ISDA Master Agreements in the Statement of Assets and Liabilities.

#### Value of Derivative Investments at Period-End
The table below summarizes the value of the Fund's derivative investments, detailed by primary risk exposure, held as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Value | Value | Value | Value |
|  | Currency | Equity | Interest | |
| Derivative Assets | Risk | Risk | Rate Risk | Total |
| Unrealized appreciation on futures contracts –Exchange-Traded<sup>(a)</sup> | $– | $– | $81795 | $81795 |
| Unrealized appreciation on forward foreign currency contracts outstanding | 1946 |  |  | 1946 |
| Options purchased, at value – Exchange-Traded<sup>(b)</sup> |  | 85232 |  | 85232 |
| Total Derivative Assets | 1946 | 85232 | 81795 | 168973 |
| Derivatives not subject to master netting agreements |  | (85232) | (81795) | (167027) |
| Total Derivative Assets subject to master netting agreements | $1946 | $– | $– | $1946 |
|  |  |  | Value |  |
|  |  | Currency | Interest |  |
| Derivative Liabilities |  | Risk | Rate Risk | Total |
| Unrealized depreciation on futures contracts –Exchange-Traded<sup>(a)</sup> |  | $– | $(49888) | $(49888) |
| Unrealized depreciation on forward foreign currency contracts outstanding |  | (2178) |  | (2178) |
| Total Derivative Liabilities |  | (2178) | (49888) | (52066) |
| Derivatives not subject to master netting agreements |  |  | 49888 | 49888 |
| Total Derivative Liabilities subject to master netting agreements |  | $(2178) | $– | $(2178) |

---

<sup>(a)</sup> The daily variation margin receivable (payable) at period-end is recorded in the Statement of Assets and Liabilities.

<sup>(b)</sup> Options purchased, at value as reported in the Schedule of Investments.

#### Offsetting Assets and Liabilities
The table below reflects the Fund's exposure to Counterparties subject to either an ISDA Master Agreement or other agreement for OTC derivative transactions as of August 31, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Financial<br>Derivative<br>Assets | Financial<br>Derivative<br>Liabilities | | Collateral<br>(Received)/Pledged | Collateral<br>(Received)/Pledged | |
| Counterparty | Forward Foreign<br>Currency Contracts | Forward Foreign<br>Currency Contracts | Net Value of<br>Derivatives | Non-Cash | Cash | Net<br>Amount |
| Citibank, N.A. | $1946 | $– | $1946 | $– | $– | $1946 |
| Morgan Stanley and Co. International PLC |  | (1491) | (1491) |  |  | (1491) |
| State Street Bank & Trust Co. |  | (687) | (687) |  |  | (687) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1946 | $(2178) | $(232) | $– | $– | $(232) |

---

#### Effect of Derivative Investments for the six months ended August 31, 2025
The table below summarizes the gains (losses) on derivative investments, detailed by primary risk exposure, recognized in earnings during the period:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations |
|  | Currency | Equity | Interest | |
|  | Risk | Risk | Rate Risk | Total |
| Realized Gain (Loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | $(23899) | $- | $- | $(23899) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures contracts |  |  | (267181) | (267181) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options purchased<sup>(a)</sup> |  | 31959 |  | 31959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options written |  | 2658 |  | 2658 |

---

34 Invesco Bond Fund

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations | Location of Gain (Loss) on<br>Statement of Operations |
|  | Currency<br>Risk | Equity<br>Risk | Interest<br>Rate Risk | Total |
| Change in Net Unrealized Appreciation (Depreciation): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | $(771) | $- | $- | $(771) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts |  |  | (285716) | (285716) |
| &nbsp;&nbsp;&nbsp;&nbsp;Options purchased<sup>(a)</sup> |  | 57462 |  | 57462 |
| Total | $(24670) | $92079 | $(552897) | $(485488) |

---

<sup>(a)</sup> Options purchased are included in the net realized gain (loss) from investment securities and the change in net unrealized appreciation (depreciation) on investment securities.

The table below summarizes the average notional value of derivatives held during the period.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Forward<br>Foreign Currency<br>Contracts | Futures<br>Contracts | Index<br>Options<br>Purchased | Index<br>Options<br>Written |
| Average notional value | $477550 | $63725017 | $2555000 | $588000 |
| Average contracts |  |  | 32 | 1 |

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#### NOTE 5–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" includes amounts accrued by the Fund to fund such deferred compensation amounts.

#### NOTE 6–Cash Balances
The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with SSB, 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 the custodian bank for such overdrafts, the overdrawn Fund may either (1) leave funds as a compensating balance in the account so the custodian bank can be compensated by earning the additional interest; or (2) compensate by paying the custodian bank at a rate agreed upon by the custodian bank and Invesco, not to exceed the contractually agreed upon rate.

#### NOTE 7–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 February 28, 2025, as follows:

---

| | | | |
|:---|:---|:---|:---|
| Capital Loss Carryforward\* | Capital Loss Carryforward\* | Capital Loss Carryforward\* | Capital Loss Carryforward\* |
| Expiration | Short-Term | Long-Term | Total |
| Not subject to expiration | $6625256 | $26281554 | $32906810 |

---

\* Capital loss carryforward is 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 8–Investment Transactions
The aggregate amount of investment securities (other than short-term securities, U.S. Government obligations and money market funds, if any) purchased and sold by the Fund during the six months ended August 31, 2025 was $93,693,065 and $96,454,986, respectively. As of August 31, 2025, the aggregate cost of investments, including any derivatives, on a tax basis listed below includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end:

---

| | |
|:---|:---|
| Unrealized Appreciation (Depreciation) of Investments on a Tax Basis |  |
| Aggregate unrealized appreciation of investments | $3694307 |
| Aggregate unrealized (depreciation) of investments | (2227584) |
| Net unrealized appreciation of investments | $1466723 |

---

Cost of investments for tax purposes is $184,559,749.

35 Invesco Bond Fund

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#### NOTE 9–Common Shares of Beneficial Interest
Transactions in common shares of beneficial interest were as follows:

---

| | | |
|:---|:---|:---|
|  | Six Months Ended<br>August 31, | Year Ended<br>February 28, |
|  | 2025 | 2025 |
| Beginning shares | 11425089 | 11418446 |
| Shares issued through dividend reinvestment |  | 6643 |
| Ending shares | 11425089 | 11425089 |

---

The Fund may, when appropriate, purchase shares in the open market or in privately negotiated transactions at a price not above market value or net asset value, whichever is lower at the time of purchase.

#### NOTE 10–Dividends
The Fund declared the following dividends from net investment income subsequent to August 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
| Declaration Date | Amount per Share | Record Date | Payable Date |
| September 2, 2025 | $0.0700 | September 16, 2025 | September 30, 2025 |
| October 1, 2025 | $0.0700 | October 16, 2025 | October 31, 2025 |

---

36 Invesco Bond Fund

------

### Approval of Investment Advisory and Sub-Advisory Contracts
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

At meetings held on June 16, 2025, the Board of Trustees (the Board or the Trustees) of Invesco Bond Fund (the Fund) as a whole, and the independent Trustees, who comprise over 75% of the Board, voting separately, approved the continuance of the Fund's Master Investment Advisory Agreement with Invesco Advisers, Inc. (Invesco Advisers and the investment advisory agreement) and the Master Intergroup Sub-Advisory Contract for Mutual Funds with Invesco Asset Management Deutschland GmbH\*, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. (collectively, the Affiliated Sub-Advisers and the sub-advisory contracts) for another year, effective July 1, 2025. After evaluating the factors discussed below, among others, the Board approved the renewal of the Fund's investment advisory agreement and the sub-advisory contracts and determined that the compensation payable thereunder by the Fund to Invesco Advisers and by Invesco Advisers to the Affiliated Sub-Advisers is fair and reasonable.

#### The Board's Evaluation Process
The Board has established an Investments Committee, which in turn has established Sub-Committees. The Sub-Committees meet regularly throughout the year with portfolio managers and other members of management to review information about the investment performance and portfolio attributes for those funds advised by Invesco Advisers (Invesco Funds) assigned to them. The Board has established additional standing and ad hoc committees that meet throughout the year to review matters within their purview, including a working group focused on opportunities to make ongoing and continuous improvements to the Board's annual review process for the Invesco Funds' investment advisory agreement and sub-advisory contracts (the annual review process). In considering whether to approve each Invesco Fund's investment advisory agreement and sub-advisory contracts, the Board took into account evaluations and reports that it received from its committees and sub-committees, as well as the information provided to the Board and its committees and sub-committees throughout the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As part of the annual review process, the Board reviews and considers information provided in response to requests for information submitted to management by the independent Trustees with assistance from legal counsel to the independent Trustees (independent legal counsel) and the Senior Officer, an officer of the Invesco Funds who reports directly to the independent Trustees. The Board receives comparative investment performance and fee and expense data regarding the Invesco Funds prepared by Broadridge Financial Solutions, Inc. (Broadridge), an independent provider of investment company data,, as well as information on the composition of the peer groups and its methodology for determining peer groups. The Board also receives an independent written evaluation from the Senior Officer. The Senior Officer's evaluation is prepared as part of his responsibility to manage the process by which the Invesco Funds' proposed management fees are negotiated during the annual review process to

ensure they are negotiated in a manner that is at arms' length and reasonable in accordance with certain negotiated regulatory requirements. In addition to meetings with Invesco Advisers and fund counsel throughout the year and as part of meetings convened on May 6, 2025 and June 16-18, 2025, the independent Trustees also discussed the continuance of the investment advisory agreement and sub-advisory contracts in separate sessions with the Senior Officer and with independent legal counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The discussion below includes summary information drawn in part from the Senior Officer's independent written evaluation with respect to the Fund's investment advisory agreement and sub-advisory contracts, as well as a discussion of the material factors and related conclusions that formed the basis for the Board's approval of the Fund's investment advisory agreement and sub-advisory contracts. The Trustees' review and conclusions are based on the comprehensive consideration of all information presented to them during the course of the year and are not the result of any single determinative factor. Moreover, one Trustee may have weighed a particular piece of information or factor differently than another Trustee.

#### Factors and Conclusions and Summary of Independent Written Fee Evaluation
&nbsp;&nbsp;&nbsp;&nbsp;A. Nature, Extent and Quality of Services Provided by Invesco Advisers and the Affiliated Sub-Advisers

The Board reviewed the nature, extent and quality of the advisory services provided to the Fund by Invesco Advisers under the Fund's investment advisory agreement, and the credentials and experience of the officers and employees of Invesco Advisers who provide these services, including the Fund's portfolio manager(s). The Board's review included consideration of Invesco Advisers' investment process and oversight, credit analysis and research capabilities. The Board considered information regarding Invesco Advisers' programs for and resources devoted to risk management, including management of investment, enterprise, operational, liquidity, derivatives, valuation and compliance risks, and technology used to manage such risks. The Board received information regarding Invesco's methodology for compensating its investment professionals and the incentives and accountability it creates, as well as how it impacts Invesco's ability to attract and retain talent. The Board considered that Invesco Advisers has shown the willingness to commit resources to support investment in the business and to remain well-positioned to serve Fund shareholders including with regard to attracting and retaining qualified personnel on its investment teams and investing in technology. The Board considered the additional services provided to the Fund due to the fact that the Fund is a closed-end fund, including, but not limited to, leverage management and monitoring, evaluating, and, where appropriate, making recommendations with respect to the Fund's trading discount, share repurchase program, and distribution rates, as well as shareholder relations activities including with respect to investors focused on short-term profits. The Board received a description of, and reports related to, Invesco Advisers' global security program and business continuity plans and of

its approach to data privacy and cybersecurity, including related testing. The Board also considered non-advisory services that Invesco Advisers and its affiliates provide to the Invesco Funds, such as various middle office and back office support functions, third party oversight, internal audit, valuation, portfolio trading and legal and compliance. The Board considered Invesco Advisers' systems preparedness and ongoing investment to seek to manage, operate and oversee the Invesco Funds with minimal impact or disruption through challenging environments. The Board reviewed and considered the benefits to shareholders of investing in a Fund that is part of the family of funds under the umbrella of Invesco Ltd., Invesco Advisers' parent company, and noted Invesco Ltd.'s depth and experience in running an investment management business, as well as its commitment of financial and other resources to such business. The Board concluded that the nature, extent and quality of the services provided to the Fund by Invesco Advisers supported the renewal of the investment advisory agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board reviewed the services that may be provided to the Fund by the Affiliated Sub-Advisers under the sub-advisory contracts and the credentials and experience of the officers and employees of the Affiliated Sub-Advisers who provide these services. The Board noted the Affiliated Sub-Advisers' expertise with respect to certain asset classes and that the Affiliated Sub-Advisers have offices and personnel that are located in financial centers around the world. As a result, the Board noted that the Affiliated Sub-Advisers can provide research and investment analysis on the markets and economies of various countries and territories in which the Fund may invest, make recommendations regarding securities and assist with portfolio trading. The Board concluded that the sub-advisory contracts may benefit the Fund and its shareholders by permitting Invesco Advisers to use the resources and talents of the Affiliated Sub-Advisers in managing the Fund. The Board concluded that the nature, extent and quality of the services that may be provided to the Fund by the Affiliated Sub-Advisers supported the renewal of the sub-advisory contracts.

&nbsp;&nbsp;&nbsp;&nbsp;B. Fund Investment Performance

The Board considered Fund investment performance as a relevant factor in considering whether to approve the investment advisory agreement. The Board did not view Fund investment performance as a relevant factor in considering whether to approve the sub-advisory contracts for the Fund, as no Affiliated Sub-Adviser currently manages assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board compared the Fund's investment performance over multiple time periods ending December 31, 2024 to the performance of funds in the Broadridge performance universe and against the Bloomberg Baa U.S. Corporate Bond Index (Index). The Board noted that there were only five funds (including the Fund) in the performance universe, therefore, Broadridge did not provide quintile rankings. The Board noted that the Fund's performance was above the performance of the Index for the one year period, below the performance of the Index for the three year period and reasonably comparable to the performance of the Index for the five year period. The Board recognized that the performance data reflects a snapshot in time as of a

37 Invesco Bond Fund

------

particular date and that selecting a different performance period could produce different results. The Board also reviewed more recent Fund performance as well as other performance metrics, which did not change its conclusions. The Board also reviewed supplementally historic premium and discount levels of the Fund as provided to the Board at meetings throughout the year.

&nbsp;&nbsp;&nbsp;&nbsp;C. Advisory and Sub-Advisory Fees and Fund Expenses

The Board received information regarding Invesco Advisers' approach with respect to contractual management fee schedules and compared the Fund's contractual management fee rate to the contractual management fee rates of funds in the Fund's Broadridge expense group. The Board noted that the contractual management and actual management fee rates for shares of the Fund were reasonably comparable to and below, respectively, the median contractual management and actual management fee rates of funds in its expense group. The Board noted that there were only four funds (including the Fund) in the expense group, therefore, Broadridge did not provide quintile rankings. The Board noted that the term "contractual management fee" and "actual management fee" for funds in the expense group may include both advisory and certain non-portfolio management administrative services fees, but that Broadridge is not able to provide information on a fund-by-fund basis as to what is included. The Board also reviewed the methodology used by Broadridge in calculating expense group information, which includes using each fund's contractual management fee schedule (including any applicable breakpoints) as reported in the most recent audited annual reports for each fund in the expense group. The Board also considered comparative information regarding the Fund's total expense ratio and its various components. The independent Trustees reviewed and considered information provided in response to follow-up requests for information submitted by the independent Trustees to management regarding the Fund's limited peer group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board also considered the fees charged by Invesco Advisers and its affiliates to other client accounts that are similarly managed. Invesco Advisers reviewed with the Board differences in the scope of services it provides to the Invesco Funds relative to that provided by Invesco Advisers and its affiliates to certain other types of client accounts, including, among others: management of cash flows as a result of redemptions and purchases; necessary infrastructure such as officers, office space, technology, legal and distribution; oversight of service providers; costs and business risks associated with launching new funds and sponsoring and maintaining the product line; and compliance with federal and state laws and regulations. Invesco Advisers also advised the Board that many of the similarly managed client accounts have all-inclusive fee structures, which are not easily un-bundled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board also considered the services that may be provided by the Affiliated Sub-Advisers pursuant to the sub-advisory contracts, as well as the fees payable by Invesco Advisers to the Affiliated Sub-Advisers pursuant to the sub-advisory contracts.

&nbsp;&nbsp;&nbsp;&nbsp;D. Economies of Scale and Breakpoints

The Board considered the extent to which there may be economies of scale in the provision of advisory services to the Fund and the Invesco Funds, and the extent to which such economies of scale are shared with the Fund and the Invesco Funds. The Board

acknowledged the limitations in calculating and measuring the economies of scale at the individual fund level, noting that only indicative and estimated measures are available at the individual fund level and that such measures are subject to uncertainty. The Board considered that the Fund may benefit from economies of scale through contractual breakpoints in the Fund's advisory fee schedule, which generally operate to reduce the Fund's expense ratio as it grows in size. The Board noted that the Fund also shares in economies of scale through Invesco Advisers' ability to negotiate lower fee arrangements with third party service providers. The Board noted that the Fund may also benefit from economies of scale through initial fee setting, as well as Invesco Advisers' management of significant assets and investment in its business, including investments in business infrastructure, technology and cybersecurity.

&nbsp;&nbsp;&nbsp;&nbsp;E. Profitability and Financial Resources

The Board reviewed information from Invesco Advisers concerning the costs of the advisory and other services that Invesco Advisers and its affiliates provide to the Fund and the Invesco Funds and the profitability of Invesco Advisers and its affiliates in providing these services in the aggregate and on an individual fund-by-fund basis. The Board considered the methodology used for calculating profitability and the periodic review and enhancement of such methodology. The Board noted that Invesco Advisers continues to operate at a net profit from services Invesco Advisers and its affiliates provide to the Invesco Funds in the aggregate and to most Invesco Funds individually. The Board considered that profits to Invesco Advisers can vary significantly depending on the particular Invesco Fund, with some Invesco Funds showing indicative losses to Invesco Advisers and others showing indicative profits at healthy levels, and that Invesco Advisers' support for and commitment to an Invesco Fund are not, however, solely dependent on the profits attributed to such Fund. The Board did not deem the level of profits realized by Invesco Advisers and its affiliates from providing such services to be excessive, given the nature, extent and quality of the services provided. The Board noted that Invesco Advisers provided information demonstrating that Invesco Advisers is financially sound and has the resources necessary to perform its obligations under the investment advisory agreement, and provided representations indicating that the Affiliated Sub-Advisers are financially sound and have the resources necessary to perform their obligations under the sub-advisory contracts. The Board noted the cyclical and competitive nature of the global asset management industry.

&nbsp;&nbsp;&nbsp;&nbsp;F. Collateral Benefits to Invesco Advisers and its Affiliates

The Board considered various other benefits received by Invesco Advisers and its affiliates from the relationship with the Fund. The Board considered the organizational structure employed to provide these services.

The Board considered that the Fund's uninvested cash may be invested in registered money market funds advised by Invesco Advisers. The Board considered information regarding the returns of the affiliated money market funds relative to comparable overnight investments, as well as the fees paid by the affiliated money market funds to Invesco Advisers and its affiliates. In this regard, the Board noted that Invesco Advisers receives advisory fees from these affiliated money market funds attributable to the

Fund's investments. The Board also noted that Invesco Advisers has contractually agreed to waive through varying periods an amount equal to 100% of the net advisory fee Invesco Advisers receives from the affiliated money market funds with respect to the Fund's investment in the affiliated money market funds of uninvested cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*Effective as of August 29, 2025, Invesco Asset Management Deutschland GmbH merged into Invesco Management S.A.

38 Invesco Bond Fund

------

### Proxy Results
A Joint Annual Meeting ("Meeting") of Shareholders of Invesco Bond Fund (the "Fund") was held on August 12, 2025. The Meeting was held for the following purpose:

(1). Election of Trustees by Common Shareholders.

The results of the voting on the above matter were as follows:

---

| | | | |
|:---|:---|:---|:---|
| | <br>Matter |<br>Votes For | Votes<br>Against/Withheld |
| (1). | Cynthia Hostetler | 9399643.75 | 149237.04 |
|  | Eli Jones | 9360492.76 | 188388.03 |
|  | Prema Mathai-Davis | 9347623.44 | 201257.35 |
|  | Daniel S. Vandivort | 9357344.81 | 191535.98 |
|  | James "Jim" Liddy | 9352893.82 | 195986.97 |

---

39 Invesco Bond Fund

------

#### Correspondence information
Send general correspondence to Computershare Trust Company, N.A., P.O. Box 43078, Providence, RI 02940-3078

#### Fund holdings and proxy voting information
The Fund provides a complete list of its portfolio holdings four times each fiscal year, at the end of each fiscal quarter. For the second and fourth quarters, the list appears, respectively, in the Fund's semiannual and annual reports to shareholders. For the first and third quarters, the Fund files the list with the Securities and Exchange Commission (SEC) as an exhibit to its reports on Form N-PORT. The most recent list of portfolio holdings is available at invesco.com/us. Shareholders can also look up the Fund's Form N-PORT filings on the SEC website at sec.gov. The SEC file number for the Fund is shown below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, from our Client Services department at 800 341 2929 or at invesco.com/ corporate/about-us/esg. The information is also available on the SEC website,sec.gov.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information regarding how the Fund voted proxies related to its portfolio securities during the most recent 12-month period ended June 30 is available at invesco.com/proxysearch. The information is also available on the SEC website, sec.gov.

![LOGO](g18137dsp040.jpg)

SEC file number(s): 811-02090 VK-CE-BOND-SAR-1

------

(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 for a semi-annual report.

Item 6. Investments.

(a) Investments in securities of unaffiliated issuers is filed under Item 1 of this Form N-CSR.

(b) Not applicable.

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

Not applicable.

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 for Open-End Management Investment Companies.

------

Not applicable.

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 Activity for Closed-End Management Investment Companies.

------

Not applicable.

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable.

Item 19. Exhibits.

19(a)(1) Not applicable.

19(a)(2) Not applicable.

[19(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.](d18137dex99cert.htm)

19(a)(4) Not applicable.

19(a)(5) Not applicable.

[19(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.](d18137dex99906cert.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>Invesco Bond Fund</u>

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Glenn Brightman |

---

Name: Glenn Brightman <br> Title: Principal Executive Officer

Date: November 7, 2025

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: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Glenn Brightman |

---

---

| | |
|:---|:---|
|  Name: | Glenn Brightman |
|  Title: | Principal Executive Officer |
|  Date: November 7, 2025 | Date: November 7, 2025 |

---

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Adrien Deberghes |

---

Name: Adrien Deberghes <br> Title: Principal Financial Officer

Date: November 7, 2025

## 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 Invesco Bond Fund;

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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: November 7, 2025 | /s/ Glenn Brightman |
|  | Glenn Brightman<br> 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 Invesco Bond Fund;

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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: November 7, 2025 | /s/ Adrien Deberghes |
|  | Adrien Deberghes |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Exhibit 99.906CERT** 

**EXHIBIT (b)** 

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 Invesco Bond Fund (the "Company") on Form N-CSR for the period ended August 31, 2025, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
|  Date: November 7, 2025 | /s/ Glenn Brightman |
|  | Glenn Brightman<br> Principal Executive Officer |

---

------

**Exhibit 99.906CERT** 

**EXHIBIT (b)** 

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 Invesco Bond Fund (the "Company") on Form N-CSR for the period ended August 31, 2025, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| | |
|:---|:---|
|  Date: November 7, 2025 | /s/ Adrien Deberghes |
|  | Adrien Deberghes<br> Principal Financial Officer |

---