Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Asset Backed Commercial Paper

ASSET-BACKED COMMERCIAL PAPER 10,000,000 10,000,000 Concord Minutemen Capital Co LLC (Multi-CEP) 2063C0RL8 0.20 04/20/2021 04/20/2021 Concord Minutemen Capital 0.43 Co., LLC 31,580,000 31,580,000 Concord Minutemen Capital Co LLC (Multi-CEP) 2063C0SA1 0.22 05/10/2021 05/10/2021 Concord Minutemen Capital 1.35 Co., LLC 20,000,000 19,999,962 Lexington Parker Capital Co LLC (Multi-CEP) 52953AR15 0.18 04/01/2021 04/01/2021 Lexington Parker Capital 0.86 Company (Multi-CEP) 40,000,000 39,971,400 LMA SA (CEP-Credit Agricole Corporate & Investment S.A.) 53944QW30 0.25 09/03/2021 09/03/2021 CREDIT AGRICOLE SA 1.71

13,752,000 13,752,000 Mont Blanc Capital Corp (CEP-ING Bank N.V.) 6117P4RL6 0.19 04/20/2021 04/20/2021 ING GROEP NV 0.59

20,971,000 20,971,000 Mont Blanc Capital Corp (CEP-ING Bank N.V.) 6117P4S50 0.20 05/05/2021 05/05/2021 ING GROEP NV 0.90

16,657,000 16,657,000 Mont Blanc Capital Corp (CEP-ING Bank N.V.) 6117P4S76 0.20 05/07/2021 05/07/2021 ING GROEP NV 0.71

55,000,000 54,985,700 Ridgefield Funding Co. LLC (CEP-BNP Paribas S.A.) 76582JS70 0.20 05/07/2021 05/07/2021 BNP PARIBAS SA 2.36

20,000,000 20,000,000 Ridgefield Funding Co. LLC (CEP-BNP Paribas S.A.) 76582JW26 0.28 09/02/2021 09/02/2021 BNP PARIBAS SA 0.86

35,000,000 35,000,000 Versailles Commercial Paper LLC (CEP- SA) 92512LR11 0.22 04/01/2021 04/01/2021 GROUPE BPCE 1.50

25,000,000 24,995,750 Versailles Commercial Paper LLC (CEP-Natixis SA) 92512LS51 0.22 05/05/2021 05/05/2021 GROUPE BPCE 1.07

287,960,000 287,912,812 Asset-Backed Commercial Paper 12.34

ASSET-BACKED COMMERCIAL PAPER (INTEREST BEARING) 50,000,000 50,000,000 Anglesea Funding LLC (Multi-CEP) 0347M5VG1 0.16 04/01/2021 05/05/2021 Anglesea Funding LLC 2.14

25,000,000 25,000,000 Anglesea Funding LLC (Multi-CEP) 0347M5VL0 0.16 04/30/2021 05/05/2021 Anglesea Funding LLC 1.07

10,000,000 10,000,000 Bedford Row Funding Corp. (CEP-Royal Bank of Canada) 07645RCU8 0.30 04/21/2021 10/21/2021 ROYAL BANK OF CANADA 0.43

25,000,000 25,000,000 Crown Point Capital Co., LLC-Series A (CEP-Credit Suisse AG) 22845AWC0 0.24 09/27/2021 09/27/2021 CREDIT SUISSE GROUP AG 1.07

110,000,000 110,000,000 Asset-Backed Commercial Paper (Interest Bearing) 4.71

COMMERCIAL PAPER 20,000,000 19,993,125 CONCORD MINUTEMEN CAPITAL CO LLC SERIES B (CEP-GOLDMAN SACHS 20632KTE9 0.24 06/14/2021 06/14/2021 GOLDMAN SACHS GROUP 0.86 INTERNATIONAL) INC/THE 20,000,000 19,993,125 Commercial Paper 0.86

COMMERCIAL PAPER (INTEREST BEARING) 15,000,000 15,000,000 Versailles Commercial Paper LLC (CEP-Natixis SA) 92513HSL4 0.20 05/05/2021 05/05/2021 GROUPE BPCE 0.64

15,000,000 15,000,000 Commercial Paper (Interest Bearing) 0.64

432,960,000 432,905,937 Asset Backed Commercial Paper Total 18.55 Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Certificate of Deposit

CERTIFICATES OF DEPOSIT 20,000,000 20,000,000 Bank of Nova Scotia 06417MLP8 0.24 05/10/2021 11/09/2021 BANK OF NOVA SCOTIA 0.86

25,000,000 25,000,000 Royal Bank of Canada 78012UYJ8 0.28 04/07/2021 10/07/2021 ROYAL BANK OF CANADA 1.07

15,000,000 15,003,986 Toronto-Dominion Bank 89114NLU7 0.29 06/10/2021 06/10/2021 TORONTO-DOMINION 0.64 BANK/THE 25,000,000 25,004,841 Toronto-Dominion Bank 89114NTZ8 0.30 04/08/2021 10/08/2021 TORONTO-DOMINION 1.07 BANK/THE 25,000,000 25,005,580 Toronto-Dominion Bank 89114NZV0 0.21 04/01/2021 02/16/2022 TORONTO-DOMINION 1.07 BANK/THE 50,000,000 50,020,013 Westpac Banking Corp. 96130AFG8 0.35 04/08/2021 07/08/2021 WESTPAC BANKING CORP 2.14

160,000,000 160,034,419 Certificates of Deposit 6.85

160,000,000 160,034,419 Certificate of Deposit Total 6.85

Financial Company Commercial Paper

COMMERCIAL PAPER 25,000,000 25,000,000 ASB Finance Ltd. 0020P2S31 0.25 05/03/2021 05/03/2021 COMMONWEALTH BANK OF 1.07 AUSTRALIA 5,000,000 4,998,306 ASB Finance Ltd. 0020P2UG9 0.26 07/16/2021 07/16/2021 COMMONWEALTH BANK OF 0.21 AUSTRALIA 20,000,000 19,976,461 ASB Finance Ltd. 0020P2YA8 0.27 11/10/2021 11/10/2021 COMMONWEALTH BANK OF 0.86 AUSTRALIA 20,920,000 20,869,008 ASB Finance Ltd. 0020P3CJ1 0.28 03/18/2022 03/18/2022 COMMONWEALTH BANK OF 0.90 AUSTRALIA 20,000,000 19,998,289 U.S. CCP Funding LLC 2010-1 06742VR60 0.13 04/12/2021 04/12/2021 BARCLAYS PLC 0.86

25,000,000 25,000,000 Barclays U.S. CCP Funding LLC 2010-1 06742VV81 0.15 05/05/2021 05/05/2021 BARCLAYS PLC 1.07

30,000,000 29,988,100 Barclays U.S. CCP Funding LLC 2010-1 06742VQJ3 0.19 06/08/2021 06/08/2021 BARCLAYS PLC 1.29

18,250,000 18,250,000 BNZ International Funding Ltd. 0556X0S62 0.19 05/06/2021 05/06/2021 NATIONAL AUSTRALIA 0.78 BANK LTD 20,000,000 20,000,000 DBS Bank Ltd. 23305DSC0 0.18 05/12/2021 05/12/2021 DBS GROUP HOLDINGS LTD 0.86

25,000,000 25,000,000 DBS Bank Ltd. 23305DT70 0.19 06/07/2021 06/07/2021 DBS GROUP HOLDINGS LTD 1.07

24,000,000 24,000,000 DBS Bank Ltd. 23305DVK8 0.21 08/19/2021 08/19/2021 DBS GROUP HOLDINGS LTD 1.03

37,800,000 37,800,000 DNB Bank ASA 2332K0U75 0.16 07/07/2021 07/07/2021 DNB ASA 1.62

30,000,000 29,987,423 Goldman Sachs International 38150TU77 0.21 07/07/2021 07/07/2021 GOLDMAN SACHS GROUP 1.29 INC/THE 25,000,000 24,973,605 HSBC Bank PLC 40433GX85 0.24 10/08/2021 10/08/2021 HSBC HOLDINGS PLC 1.07

10,025,000 10,025,000 PLC 53943RS42 0.17 05/04/2021 05/04/2021 0.43 PLC 50,000,000 50,000,000 AB 87019RUS3 0.18 07/26/2021 07/26/2021 SWEDBANK AB 2.14

19,000,000 19,000,000 United Overseas Bank Ltd. 91127PU25 0.20 07/02/2021 07/02/2021 UNITED OVERSEAS BANK 0.81 LTD Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Financial Company Commercial Paper

COMMERCIAL PAPER 25,000,000 24,976,747 United Overseas Bank Ltd. 91127PWU1 0.22 09/28/2021 09/28/2021 UNITED OVERSEAS BANK 1.07 LTD 25,000,000 24,975,976 United Overseas Bank Ltd. 91127PX48 0.22 10/04/2021 10/04/2021 UNITED OVERSEAS BANK 1.07 LTD 454,995,000 454,818,914 Commercial Paper 19.49

COMMERCIAL PAPER (INTEREST BEARING) 40,000,000 40,000,000 ANZ New Zealand Int'l Ltd. 00182HHX3 0.19 05/04/2021 08/04/2021 AUSTRALIA AND NEW 1.71 ZEALAND BANKING GROUP LTD 50,000,000 50,000,000 Ltd. 63254GPM1 0.26 05/10/2021 11/10/2021 NATIONAL AUSTRALIA 2.14 BANK LTD 15,000,000 15,003,767 Royal Bank of Canada 78014XFY8 0.29 06/11/2021 06/11/2021 ROYAL BANK OF CANADA 0.64

25,000,000 25,000,000 Royal Bank of Canada 78015M2B5 0.28 04/05/2021 10/01/2021 ROYAL BANK OF CANADA 1.07

10,000,000 10,003,353 Toronto-Dominion Bank 89120DSD2 0.31 04/20/2021 07/20/2021 TORONTO-DOMINION 0.43 BANK/THE 10,000,000 10,000,000 UBS AG ( BRANCH) 90276JLD6 0.31 04/05/2021 10/04/2021 UBS GROUP AG 0.43

10,000,000 10,000,000 UBS AG (LONDON BRANCH) 90276JLK0 0.35 04/14/2021 10/14/2021 UBS GROUP AG 0.43

30,000,000 30,017,633 UBS AG (LONDON BRANCH) 90276JLR5 0.34 05/18/2021 11/18/2021 UBS GROUP AG 1.29

190,000,000 190,024,753 Commercial Paper (Interest Bearing) 8.14

644,995,000 644,843,667 Financial Company Commercial Paper Total 27.63

U.S. Government Agency Repurchase Agreement

REPURCHASE AGREEMENT 65,291,726 65,291,726 Mitsubishi UFJ Securities (USA) Inc. BIV5A7XE2 0.01 04/01/2021 04/01/2021 US GOVT COLL 2.80

65,291,726 65,291,726 Repurchase Agreement 2.80

65,291,726 65,291,726 U.S. Government Agency Repurchase Agreement Total 2.80

Other Repurchase Agreement

REPURCHASE AGREEMENT 20,000,000 20,000,000 BMO Capital Markets Corp. BIV5A7WT0 0.20 04/01/2021 04/01/2021 BANK OF MONTREAL 0.86

8,000,000 8,000,000 ING Financial Markets LLC BIV5A7Y84 0.22 04/01/2021 04/01/2021 ING GROEP NV 0.34

30,000,000 30,000,000 RBC CAPITAL MARKETS LLC BIV5A7Y76 0.20 04/01/2021 04/01/2021 ROYAL BANK OF CANADA 1.29

58,000,000 58,000,000 Repurchase Agreement 2.48 Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Other Repurchase Agreement

REPURCHASE AGREEMENT - OPEN 8,000,000 8,000,000 Citigroup Global Markets Inc. BIV54R0T8 0.61 04/01/2021 06/29/2021 CITIGROUP INC 0.34

50,000,000 50,000,000 Citigroup Global Markets Inc. BIV4XFL21 0.57 04/01/2021 07/06/2021 CITIGROUP INC 2.14

10,000,000 10,000,000 Citigroup Global Markets Inc. BIV4Z0K49 0.56 04/01/2021 07/06/2021 CITIGROUP INC 0.43

65,000,000 65,000,000 J.P. Morgan Securities LLC BIV4LZCT1 0.37 04/01/2021 04/07/2021 JPMORGAN CHASE & CO 2.78

7,000,000 7,000,000 J.P. Morgan Securities LLC BIV4WLNS0 0.27 04/01/2021 04/07/2021 JPMORGAN CHASE & CO 0.30

15,000,000 15,000,000 J.P. Morgan Securities LLC BIV4KTSL6 0.52 04/01/2021 06/29/2021 JPMORGAN CHASE & CO 0.64

25,000,000 25,000,000 Mitsubishi UFJ Securities (USA) Inc. BIV577ZF1 0.20 04/01/2021 04/01/2021 MITSUBISHI UFJ FINANCIAL 1.07 GROUP INC 15,000,000 15,000,000 Mizuho Securities (USA) Inc. BIV59MJS6 0.22 04/01/2021 04/01/2021 MIZUHO FINANCIAL GROUP 0.64 INC 55,000,000 55,000,000 SOCIETE GENERALE (PARIS BRANCH) BIV445E07 0.18 04/01/2021 04/01/2021 SOCIETE GENERALE SA 2.36

25,000,000 25,000,000 SOCIETE GENERALE (PARIS BRANCH) BIV445DY4 0.25 04/01/2021 04/01/2021 SOCIETE GENERALE SA 1.07

275,000,000 275,000,000 Repurchase Agreement - Open 11.78

REPURCHASE AGREEMENT - TERM 27,000,000 27,000,000 BMO Capital Markets Corp. BIV5A59F0 0.18 04/06/2021 04/06/2021 BANK OF MONTREAL 1.16

10,000,000 10,000,000 BMO Capital Markets Corp. BIV5A7YC5 0.25 04/07/2021 04/07/2021 BANK OF MONTREAL 0.43

60,000,000 60,000,000 CREDIT AGRICOLE SA (PARIS BRANCH) BIV5A59W3 0.17 04/06/2021 04/06/2021 CREDIT AGRICOLE SA 2.57

20,000,000 20,000,000 Credit Suisse Securities (USA) LLC BIV5A7YM3 0.23 04/07/2021 04/07/2021 CREDIT SUISSE GROUP AG 0.86

20,000,000 20,000,000 Credit Suisse Securities (USA) LLC BIV5A7YH4 0.20 04/07/2021 04/07/2021 CREDIT SUISSE GROUP AG 0.86

5,000,000 5,000,000 Credit Suisse Securities (USA) LLC BIV5A7YJ0 0.22 04/07/2021 04/07/2021 CREDIT SUISSE GROUP AG 0.21

2,000,000 2,000,000 Credit Suisse Securities (USA) LLC BIV5A7R17 0.36 04/01/2021 05/05/2021 CREDIT SUISSE GROUP AG 0.09

144,000,000 144,000,000 Repurchase Agreement - Term 6.17

477,000,000 477,000,000 Other Repurchase Agreement Total 20.43 Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Non-Financial Company Commercial Paper

COMMERCIAL PAPER 50,000,000 49,999,934 BNG BANK NV 09657RR17 0.14 04/01/2021 04/01/2021 BNG BANK NV 2.14

40,000,000 39,995,278 CREDIT LOCAL - (ST) GTD 25215VRS0 0.19 04/26/2021 04/26/2021 BELGIUM (KINGDOM OF); 1.71 FRANCE (REPUBLIC OF); (GRAND DUCHY OF); 50,000,000 50,000,000 Toyota Finance Australia 89237DSH3 0.15 05/17/2021 05/17/2021 TOYOTA MOTOR 2.14 CORPORATION 140,000,000 139,995,212 Commercial Paper 6.00

140,000,000 139,995,212 Non-Financial Company Commercial Paper Total 6.00

Other Instrument

CORPORATE BONDS 33,400,000 33,400,000 Australia & New Zealand Banking Group, Ltd. 05252ACL3 1.18 06/01/2021 06/01/2021 AUSTRALIA AND NEW 1.43 ZEALAND BANKING GROUP LTD 33,400,000 33,400,000 Corporate Bonds 1.43

33,400,000 33,400,000 Other Instrument Total 1.43

Variable Rate Demand Note

TAXABLE VARIABLE-RATE NOTE 9,200,000 9,200,000 Jets Stadium Development, LLC; Series 2014 A-4B, VRD Bonds (LOC-Sumitomo Mitsui 477181AK7 0.16 04/07/2021 04/07/2021 SUMITOMO MITSUI 0.39 Banking Corp.) FINANCIAL GROUP INC 2,600,000 2,600,000 Keep Memory Alive; Series 2013, VRD Taxable (LOC-PNC Bank N.A.) 487437AA3 0.15 04/07/2021 04/07/2021 PNC 0.11 GROUP INC (THE) 11,800,000 11,800,000 Taxable Variable-Rate Note 0.51

VARIABLE RATE DEMAND NOTE 565,000 565,000 Capital Area Housing Finance Corp. (Cypress Creek at River Bend Apartments); Series 139726BM4 0.09 04/07/2021 04/07/2021 CITIGROUP INC 0.02 2006, VRD MFH RB (LOC- N.A.) 11,400,000 11,400,000 Gulf Coast Industrial Development Authority (ExxonMobil); Series 2012, VRD RB 402207AD6 0.05 04/01/2021 04/01/2021 EXXON MOBIL CORP 0.49

82,040,000 82,040,000 University of Texas System Board of Regents; Subseries 2016 G-2, VRD RB 91514AEZ4 0.08 04/07/2021 04/07/2021 TEXAS (STATE OF) 3.51

94,005,000 94,005,000 Variable Rate Demand Note 4.03

105,805,000 105,805,000 Variable Rate Demand Note Total 4.53 Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio Non-Negotiable Time Deposit

TIME DEPOSITS 40,000,000 40,000,000 Australia & New Zealand Banking Group, Ltd. BIV5A8KD6 0.07 04/01/2021 04/01/2021 AUSTRALIA AND NEW 1.71 ZEALAND BANKING GROUP LTD 80,000,000 80,000,000 DNB Bank ASA BIV5A8NA9 0.05 04/01/2021 04/01/2021 DNB ASA 3.43

115,000,000 115,000,000 Nederland BIV5A8MZ5 0.05 04/01/2021 04/01/2021 COOPERATIEVE RABOBANK 4.93 UA 40,000,000 40,000,000 Svenska BIV5A7RM1 0.02 04/01/2021 04/01/2021 SVENSKA HANDELSBANKEN 1.71 AB 275,000,000 275,000,000 Time Deposits 11.78

275,000,000 275,000,000 Non-Negotiable Time Deposit Total 11.78

2,334,451,726 2,334,275,960 GRAND TOTAL 100.00 Invesco Liquid Assets Portfolio

Portfolio Holdings Data as of March 31, 2021

4 2 3 Final Principal Market 1 Coupon/ Maturity Maturity Associated % of Amount Value ($) Name of Issue CUSIP Yield (%) Date Date Issuer Portfolio

To access the most recent 12 months of publicly available information filed by the fund with the Securities and Exchange Commission, please click on the following link: Form N-MFP: Invesco Liquid Assets Portfolio You could lose money by investing in the Fund. Although the Fund seeks to preserve your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

For more information about the Invesco Liquid Assets Portfolio, please contact our Global Liquidity Sales Consultants at 800 659 1005, Option 2 or visit invesco.com/us. All data provided by Invesco unless otherwise noted. 1 CUSIPs may include other unique identifiers, such as the central index key (CIK), International Securities Identification Number (ISIN) or Legal Entity Identifier (LEI) or an internal identifier, if other identifiers mentioned unavailable. 2 Past performance is no guarantee to future results. The security coupon/yield is not an indication of fund performance.

3 Based on Weighted Average Maturity (WAM). WAM represents the average time until maturity for securities in a portfolio, weighted in proportion to the dollar amount that is invested in the portfolio. WAM measures the sensitivity of fixed-income portfolios to interest rate changes. Portfolios with longer WAMs are more sensitive to changes in interest rates; shorter WAMs indicate less sensitivity. 4 Based on Weighted Average Life (WAL). WAL represents a fund's sensitivity to changes in credit spreads and other spread risks. WAL differs from WAM, in the respect that it uses a security's final maturity date, whereas WAM uses a security's next interest rate reset date. WAL should always be equal to or greater than WAM.

Effective December 15, 2017, the Liquid Assets Portfolio was renamed the Invesco Liquid Assets Portfolio. There were no changes to the CUSIPS, tickers or investment objectives.

Portfolio data is subject to change and may not represent current or future portfolio composition. Nor has it been audited or adjusted for certain financial statement reclassifications. An audit could potentially result in adjustments to the data. Additional attributes, if applicable, are available upon request: Short-term ratings for S&P, Moody’s, Fitch Ratings and the Dominion Bond Rating Service (DBRS®), long-term ratings for S&P, Moody’s and Fitch Ratings, industry and exposure to underlying asset class.

This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE An investor should consider the investment objectives, risks, fees and expenses carefully before investing. Please read the prospectus or other offering documents carefully before investing. For this and more complete information, contact your financial advisor or visit invesco.com/fundprospectus.

invesco.com/us CM-PH-LAP-E0331 04/21 Invesco Distributors, Inc.