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Form NPORT-P AIM GROWTH SERIES (INVES For: Mar 31

May 24, 2022 11:52 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0000202032
          XXXXXXXX
        
      
      
      
      
        S000011250
        C000031003
        C000031006
        C000096003
        C000071360
        C000031004
        C000031007
        C000188963
      
      
      
    
  
  
    
      AIM Growth Series (Invesco Growth Series)
      811-02699
      0000202032
      EHBZ0YMC2UFRMDIU6731
      11 Greenway Plaza
      Suite 1000
      Houston
      
      77046-1173
      800-959-4246
      Invesco Select Risk: Moderately Conservative Investor Fund
      S000011250
      5493003BF33WX53UDD43
      2022-12-31
      2022-03-31
      N
    
    
      385158655.06
      28543303.39
      356615351.67
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
        
        
      
      N
      
        
          
          
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        Invesco Treasury Portfolio, Institutional Class
        825252406
        
          
        
        830213.52000000
        NS
        USD
        830213.52000000
        0.232803640143
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco International Select Equity Fund
        549300TBJXBD154R4267
        Invesco International Select Equity Fund, Class R6
        008882359
        
          
        
        807036.80300000
        NS
        USD
        8667575.26000000
        2.430510974754
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco RAFI Strategic Developed ex-US ETF
        549300MIO8IITDIM6349
        Invesco RAFI Strategic Developed ex-US ETF
        46138J726
        
          
        
        119156.00000000
        NS
        USD
        3602085.88000000
        1.010075944047
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco International Bond Fund
        549300J2M4RECICIYD26
        Invesco International Bond Fund, Class R6
        00143K624
        
          
        
        3998836.52800000
        NS
        USD
        19114438.60000000
        5.359959550391
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Government & Agency Portfolio
        5493007T1J7WZ5QI1A47
        Invesco Government & Agency Portfolio, Institutional Class
        825252885
        
          
        
        726437.03000000
        NS
        USD
        726437.03000000
        0.203703241208
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Core Plus Bond Fund
        NCXB2DT3OPGBTXZ48T67
        Invesco Core Plus Bond Fund, Class R6
        00141A438
        
          
        
        4734947.80700000
        NS
        USD
        48485865.54000000
        13.59612403474
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Global Real Estate Income Fund
        5493000PRO2ZTOGLEV29
        Invesco Global Real Estate Income Fund, Class R6
        00141A412
        
          
        
        648872.96600000
        NS
        USD
        6216203.01000000
        1.743111445115
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco S&P 500 Pure Value ETF
        5493005UIJUTBBZG8B08
        Invesco S&P 500 Pure Value ETF
        46137V258
        
          
        
        80814.00000000
        NS
        USD
        6921719.10000000
        1.940948158172
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Fundamental High Yield Corporate Bond ETF
        549300RRYSNQ6NV1FH31
        Invesco Fundamental High Yield Corporate Bond ETF
        46138E719
        
          
        
        881666.00000000
        NS
        USD
        16196204.42000000
        4.541645317329
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Invesco Taxable Municipal Bond ETF
        5493005CJDPIU03Q9Y94
        Invesco Taxable Municipal Bond ETF
        46138G805
        
          
        
        1421885.00000000
        NS
        USD
        42187327.95000000
        11.82992480622
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Invesco Developing Markets Fund
        5493007M7L0S0RQPVO20
        Invesco Developing Markets Fund, Class R6
        00143W859
        
          
        
        314150.57600000
        NS
        USD
        12449787.33000000
        3.491096855953
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Government Fund
        N/A
        Invesco Private Government Fund
        N/A
        
          
        
        8479437.80000000
        NS
        USD
        8479437.80000000
        2.377754563927
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Invesco Global Fund
        549300OZR8OUIKYYPI86
        Invesco Global Fund, Class R6
        00900W308
        
          
        
        248879.36000000
        NS
        USD
        26291615.59000000
        7.372541722300
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Income Fund
        549300H96DM3TTI50260
        Invesco Income Fund, Class R6
        001421445
        
          
        
        1294264.48000000
        NS
        USD
        9797582.11000000
        2.747380914511
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco S&P 500 Pure Growth ETF
        54930042F8674IW8XN03
        Invesco S&P 500 Pure Growth ETF
        46137V266
        
          
        
        72478.00000000
        NS
        USD
        13320006.84000000
        3.735118742820
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Variable Rate Investment Grade ETF
        549300J21GX50YC4UV93
        Invesco Variable Rate Investment Grade ETF
        46090A879
        
          
        
        423667.00000000
        NS
        USD
        10562018.31000000
        2.961739661665
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Private Prime Fund
        N/A
        Invesco Private Prime Fund
        N/A
        
          
        
        19787333.63000000
        NS
        USD
        19785354.47000000
        5.548093871266
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Invesco S&P SmallCap Low Volatility ETF
        5493006HSOM15DF54551
        Invesco S&P SmallCap Low Volatility ETF
        46138G102
        
          
        
        107209.00000000
        NS
        USD
        5256457.27000000
        1.473985134230
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco 1-30 Laddered Treasury ETF
        549300EGVX23CTYY1T22
        Invesco 1-30 Laddered Treasury ETF
        46138E107
        
          
        
        1057468.00000000
        NS
        USD
        35700119.68000000
        10.01081964442
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Master Loan Fund
        549300FJVQHXQPWIET96
        Invesco Master Loan Fund, Class R6
        00141G740
        
          
        
        1025499.75300000
        NS
        USD
        16459168.49000000
        4.615384170345
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Global Infrastructure Fund
        549300BNU5O8H8S3TC88
        Invesco Global Infrastructure Fund, Class R6
        00888Y219
        
          
        
        269144.40100000
        NS
        USD
        3539248.87000000
        0.992455555664
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco S&P International Developed Low Volatility ETF
        549300P32QINHFXYMK04
        Invesco S&P International Developed Low Volatility ETF
        46138E230
        
          
        
        226265.00000000
        NS
        USD
        7045892.10000000
        1.975768027653
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Russell 1000 Dynamic Multifactor ETF
        549300G6URT3APKHZ077
        Invesco Russell 1000 Dynamic Multifactor ETF
        46138J619
        
          
        
        319993.00000000
        NS
        USD
        15231666.80000000
        4.271175295362
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Liquid Assets Portfolio
        549300DC1W0JSX3QRC47
        Invesco Liquid Assets Portfolio, Institutional Class
        825252729
        
          
        
        487741.80000000
        NS
        USD
        487595.48000000
        0.136728684762
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Main Street Small Cap Fund
        549300QSHIYEHPS1LK91
        Invesco Main Street Small Cap Fund, Class R6
        00900R481
        
          
        
        259476.08000000
        NS
        USD
        5223253.49000000
        1.464674323620
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Discovery Mid Cap Growth Fund
        549300OFGSWRR02LIO48
        Invesco Discovery Mid Cap Growth Fund, Class R6
        00143W784
        
          
        
        519593.93200000
        NS
        USD
        15785263.65000000
        4.426411699911
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco Macro Allocation Strategy Fund
        549300JLK5EEK0QQ3G41
        Invesco Macro Allocation Strategy Fund, Class R6
        00142R463
        
          
        
        1459175.40300000
        NS
        USD
        11717178.49000000
        3.285662951729
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco S&P 500 Low Volatility ETF
        549300FATA6ZCF8G1744
        Invesco S&P 500 Low Volatility ETF
        46138E354
        
          
        
        121655.00000000
        NS
        USD
        8161833.95000000
        2.288693942024
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco International Small-Mid Company Fund
        5493006QTJ8BO6NV8I59
        Invesco International Small-Mid Company Fund, Class R6
        00900W555
        
          
        
        134941.70200000
        NS
        USD
        6355754.16000000
        1.782243565857
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-30
      AIM Growth Series (Invesco Growth Series)
      Sheri Morris
      Sheri Morris
      President
    
  
  XXXX



Schedule of Investments
March 31, 2022
(Unaudited)
Invesco Select Risk: Moderately Conservative Investor Fund
Schedule of Investments in Affiliated Issuers–100.03%(a)
  % of
Net
Assets
03/31/22
Value
12/31/21
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain (Loss)
Dividend
Income
Shares
03/31/22
Value
03/31/22
Alternative Funds–5.03%
Invesco Global Real Estate Income Fund, Class R6 1.74% $6,832,193 $257,350 $(587,971) $(323,873) $38,504 $37,640 648,873 $6,216,203
Invesco Macro Allocation Strategy Fund, Class R6 3.29% 12,205,700 432,951 (206,949) (687,796) (26,728) 1,459,175 11,717,178
Total Alternative Funds   19,037,893 690,301 (794,920) (1,011,669) 11,776 37,640   17,933,381
Domestic Equity Funds–19.61%
Invesco Discovery Mid Cap Growth Fund, Class R6 4.43% 16,600,843 2,869,427 (897,439) (2,587,322) (200,245) 519,594 15,785,264
Invesco Main Street Small Cap Fund, Class R6 1.47% 5,624,496 210,786 (300,051) (307,830) (4,147) 259,476 5,223,254
Invesco Russell 1000 Dynamic Multifactor ETF 4.27% 16,154,541 1,039,916 (1,021,607) (983,950) 42,767 41,213 319,993 15,231,667
Invesco S&P 500® Low Volatility ETF 2.29% 9,006,795 270,258 (909,302) (330,503) 124,586 41,162 121,655 8,161,834
Invesco S&P 500® Pure Growth ETF 3.74% 13,878,913 2,232,563 (1,059,990) (1,725,075) (6,404) 72,478 13,320,007
Invesco S&P 500® Pure Value ETF 1.94% 7,489,546 315,757 (1,328,378) 11,464 433,330 21,582 80,814 6,921,719
Invesco S&P SmallCap Low Volatility ETF 1.47% 5,734,588 139,844 (283,969) (378,644) 44,638 23,448 107,209 5,256,457
Total Domestic Equity Funds   74,489,722 7,078,551 (5,800,736) (6,301,860) 434,525 127,405   69,900,202
Fixed Income Funds–55.76%
Invesco 1-30 Laddered Treasury ETF 10.02% 37,830,314 2,042,099 (1,315,970) (2,806,473) (49,850) 122,467 1,057,468 35,700,120
Invesco Core Plus Bond Fund, Class R6 13.63% 51,799,306 1,620,322 (1,078,222) (3,691,490) (61,302) 305,428 4,744,982 48,588,614
Invesco Fundamental High Yield® Corporate Bond ETF(b) 4.54% 17,155,842 422,874 (469,915) (902,426) (10,171) 125,787 881,666 16,196,204
Invesco Income Fund, Class R6 2.76% 10,394,838 344,896 (528,639) (377,569) (8,376) 82,557 1,297,906 9,825,150
Invesco International Bond Fund, Class R6 5.38% 21,220,026 470,028 (1,237,696) (1,212,701) (74,833) 151,416 4,009,377 19,164,824
Invesco Master Loan Fund, Class R6 4.63% 17,007,538 187,387 (650,618) (31,916) 8,169 184,163 1,029,325 16,520,560
Invesco Taxable Municipal Bond ETF(b) 11.84% 45,510,013 2,423,182 (1,226,870) (4,445,052) (73,945) 288,023 1,421,885 42,187,328
Invesco Variable Rate Investment Grade ETF 2.96% 11,337,119 228,624 (947,222) (54,252) (2,251) 17,594 423,667 10,562,018
Total Fixed Income Funds   212,254,996 7,739,412 (7,455,152) (13,521,879) (272,559) 1,277,435   198,744,818
Foreign Equity Funds–19.06%
Invesco Developing Markets Fund, Class R6 3.49% 13,103,674 1,614,103 (222,242) (1,993,857) (51,891) 314,151 12,449,787
Invesco Global Fund, Class R6 7.38% 28,629,662 3,080,569 (821,193) (4,415,488) (181,934) 248,879 26,291,616
Invesco Global Infrastructure Fund, Class R6 0.99% 4,028,327 70,977 (615,222) (16,337) 71,504 13,304 269,144 3,539,249
Invesco International Select Equity Fund, Class R6 2.43% 9,313,876 797,252 (1,443,553) 807,037 8,667,575
Invesco International Small-Mid Company Fund, Class R6 1.78% 6,733,606 782,999 (1,160,851) 134,942 6,355,754
Invesco RAFI™ Strategic Developed ex-US ETF 1.01% 3,699,040 138,123 (226,032) (34,259) 25,214 33,197 119,156 3,602,086
Invesco S&P International Developed Low Volatility ETF 1.98% 7,543,112 240,652 (554,977) (193,981) 11,086 55,241 226,265 7,045,892
Total Foreign Equity Funds   73,051,297 6,724,675 (2,439,666) (9,258,326) (126,021) 101,742   67,951,959
Money Market Funds–0.57%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(c) 0.20% 1,125,363 6,791,619 (7,190,545) 30 726,437 726,437
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(c) 0.14% 639,870 4,851,156 (5,003,314) (117) 29 487,742 487,595
Invesco Treasury Portfolio, Institutional Class, 0.16%(c) 0.23% 1,286,129 7,761,850 (8,217,765) 39 830,214 830,214
Total Money Market Funds   3,051,362 19,404,625 (20,411,624) (117) 98   2,044,246
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (excluding investments purchased with cash collateral from securities on loan)
(Cost $350,101,925)
100.03% 381,885,270 41,637,564 (36,902,098) (30,093,734) 47,604 1,544,320   356,574,606
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderately Conservative Investor Fund

Invesco Select Risk: Moderately Conservative Investor Fund (continued)
Schedule of Investments in Affiliated Issuers–100.03%(a)
  % of
Net
Assets
03/31/22
Value
12/31/21
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain (Loss)
Dividend
Income
Shares
03/31/22
Value
03/31/22
Investments Purchased with Cash Collateral from Securities on Loan                  
Money Market Funds–7.93%
Invesco Private Government Fund, 0.31%(c)(d) 2.38% $1,306,080 $30,994,378 $(23,821,020) $$$2,299(e) 8,479,438 $8,479,438
Invesco Private Prime Fund, 0.34%(c)(d) 5.55% 2,978,648 72,421,848 (55,609,635) 134 (5,641) 5,984(e) 19,787,333 19,785,354
Total Investments Purchased with Cash Collateral from Securities on Loan
(Cost $28,264,658)
7.93% 4,284,728 103,416,226 (79,430,655) 134 (5,641) 8,283   28,264,792
TOTAL INVESTMENTS IN AFFILIATED ISSUERS (Cost $378,366,583)  107.96% $386,169,998 $145,053,790 $(116,332,753) $(30,093,600) $41,963 $1,552,603   $384,839,398
OTHER ASSETS LESS LIABILITIES (7.96)%               (28,373,616)
NET ASSETS 100.00%               $356,465,782
Investment Abbreviations:
ETF - Exchange-Traded Fund
Notes to Schedule of Investments:
(a) Each underlying fund and the Fund are affiliated by either having the same investment adviser or an investment adviser under common control with the Fund’s investment adviser.
(b) All or a portion of this security was out on loan at March 31, 2022.
(c) The rate shown is the 7-day SEC standardized yield as of March 31, 2022.
(d) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.
(e) Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Select Risk: Moderately Conservative Investor Fund

Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of March 31, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
Affiliated Issuers $354,530,360 $$— $354,530,360
Money Market Funds 2,044,246 28,264,792 30,309,038
Total Investments $356,574,606 $28,264,792 $— $384,839,398
Invesco Select Risk: Moderately Conservative Investor Fund


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