Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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 20,000,000 19,999,639 Concord Minutemen Capital Co LLC (Multi-CEP) 2063C0N57 0.25 01/05/2021 01/05/2021 Concord Minutemen Capital 1.22 Co., LLC 25,000,000 24,964,479 CONCORD MINUTEMEN CAPITAL CO LLC SERIES B (CEP- International) 20632KTE9 0.39 06/14/2021 06/14/2021 GOLDMAN SACHS GROUP 1.52 INC/THE 50,000,000 49,988,591 Great Bridge Capital Company (CEP-) 39021UPN0 0.31 02/22/2021 02/22/2021 STANDARD CHARTERED PLC 3.05

10,000,000 9,998,725 LMA Americas LLC (CEP-Credit Agricole Corporate & Investment S.A.) 53944QP38 0.27 02/03/2021 02/03/2021 CREDIT AGRICOLE GROUP 0.61

50,000,000 49,951,670 Ridgefield Funding Co. LLC (CEP-BNP Paribas S.A.) 76582JS70 0.33 05/07/2021 05/07/2021 BNP PARIBAS SA 3.05

15,000,000 14,999,610 Versailles Commercial Paper LLC (CEP-Natixis SA) 92512LN56 0.26 01/05/2021 01/05/2021 GROUPE BPCE 0.91

15,000,000 14,990,521 Versailles Commercial Paper LLC (CEP-Natixis SA) 92512LR11 0.30 04/01/2021 04/01/2021 GROUPE BPCE 0.91

185,000,000 184,893,234 Asset-Backed Commercial Paper 11.28

ASSET-BACKED COMMERCIAL PAPER (INTEREST BEARING) 25,000,000 24,999,653 Anglesea Funding LLC (Multi-CEP) 0347M5UB3 0.23 01/07/2021 02/04/2021 Anglesea Funding LLC 1.52

25,000,000 25,000,000 Anglesea Funding PLC (Multi-CEP) 0347M5TW9 0.24 01/15/2021 02/04/2021 ANGLESEA FUNDING PLC 1.52

35,000,000 34,999,998 Bedford Row Funding Corp. (CEP-) 07644CHF0 0.33 03/02/2021 12/02/2021 ROYAL BANK OF CANADA 2.13

15,000,000 15,000,000 Crown Point Capital Co., LLC-Series A (CEP- AG) 22845ATY6 0.35 01/07/2021 09/07/2021 CREDIT SUISSE GROUP AG 0.91

10,000,000 10,000,000 Versailles Commercial Paper LLC (CEP-Natixis SA) 92513HSG5 0.25 01/11/2021 02/04/2021 GROUPE BPCE 0.61

110,000,000 109,999,651 Asset-Backed Commercial Paper (Interest Bearing) 6.71

295,000,000 294,892,885 Asset Backed Commercial Paper Total 17.99

Certificate of Deposit

CERTIFICATES OF DEPOSIT 25,000,000 25,002,228 AGRICULTURAL (NEW YORK BRANCH) 00851BHE8 0.35 01/19/2021 01/19/2021 CHINA PEOPLES REPUBLIC 1.52 OF (GOVERNMENT) 30,000,000 29,997,461 Bank of Nova Scotia 06417MLP8 0.26 02/09/2021 11/09/2021 BANK OF NOVA SCOTIA 1.83

10,000,000 10,000,000 Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 55380TMJ6 0.24 03/30/2021 03/30/2021 MITSUBISHI UFJ FINANCIAL 0.61 GROUP INC 25,000,000 25,004,177 CHINA CONSTRUCTION BANK CORP 16955AU97 0.35 02/12/2021 02/12/2021 CHINA CONSTRUCTION 1.52 BANK CORP 10,000,000 10,004,884 Svenska 86959RGY0 0.33 03/16/2021 06/16/2021 SVENSKA HANDELSBANKEN 0.61 AB 25,000,000 25,000,000 Toronto-Dominion Bank (The) 89114NTZ8 0.30 01/08/2021 10/08/2021 TORONTO-DOMINION 1.52 BANK/THE 15,000,000 14,999,999 Toronto-Dominion Bank (The) 89114NWJ0 0.33 03/03/2021 12/03/2021 TORONTO-DOMINION 0.91 BANK/THE 25,000,000 25,012,696 Westpac Banking Corp. 96130AFG8 0.35 01/08/2021 07/08/2021 WESTPAC BANKING CORP 1.52

165,000,000 165,021,444 Certificates of Deposit 10.06

165,000,000 165,021,444 Certificate of Deposit Total 10.06 Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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 24,998,989 U.S. CCP Funding LLC 2010-1 06742VYD7 0.20 01/08/2021 01/08/2021 BARCLAYS PLC 1.52

20,000,000 19,996,409 Barclays U.S. CCP Funding LLC 2010-1 06742VA92 0.22 02/01/2021 02/01/2021 BARCLAYS PLC 1.22

10,000,000 9,992,803 Barclays U.S. CCP Funding LLC 2010-1 06742VR60 0.25 04/12/2021 04/12/2021 BARCLAYS PLC 0.61

10,000,000 9,991,117 Oversea-Chinese Banking Corp. Ltd. 69034AS37 0.23 05/03/2021 05/03/2021 OVERSEA-CHINESE 0.61 BANKING CORPORATION LTD 30,000,000 29,962,517 Oversea-Chinese Banking Corp. Ltd. 69034ATN2 0.29 06/22/2021 06/22/2021 OVERSEA-CHINESE 1.83 BANKING CORPORATION LTD 25,000,000 24,998,854 SUMITOMO MITSUI TRUST BANK LTD (SINGAPORE BRANCH) 86564YNF5 0.22 01/15/2021 01/15/2021 SUMITOMO MITSUI TRUST 1.52 HOLDINGS 25,000,000 24,998,438 UBS AG (LONDON BRANCH) 90351WNF8 0.23 01/15/2021 01/15/2021 UBS GROUP AG 1.52

25,000,000 24,951,070 Ltd. 91127PWU1 0.34 09/28/2021 09/28/2021 UNITED OVERSEAS BANK 1.52 LTD 170,000,000 169,890,196 Commercial Paper 10.36

COMMERCIAL PAPER (INTEREST BEARING) 45,000,000 45,017,393 ANZ New Zealand Int'l Ltd. 00182HHT2 0.30 01/25/2021 07/23/2021 AUSTRALIA AND NEW 2.74 ZEALAND BANKING GROUP LTD 15,000,000 15,000,000 Royal Bank of Canada 78015M2B5 0.27 01/04/2021 10/01/2021 ROYAL BANK OF CANADA 0.91

15,000,000 15,008,060 Svenska Handelsbanken A.B. 86960LAU4 0.38 02/08/2021 05/06/2021 SVENSKA HANDELSBANKEN 0.91 AB 20,000,000 20,000,000 Svenska Handelsbanken A.B. 86960LBE9 0.34 01/04/2021 07/01/2021 SVENSKA HANDELSBANKEN 1.22 AB 10,000,000 10,004,329 Toronto-Dominion Bank 89120DSD2 0.31 01/20/2021 07/20/2021 TORONTO-DOMINION 0.61 BANK/THE 25,000,000 25,000,000 UBS AG (LONDON BRANCH) 90276JLD6 0.30 04/05/2021 10/04/2021 UBS GROUP AG 1.52

12,000,000 12,006,986 Westpac Banking Corp. 9612C4L58 0.35 01/27/2021 05/27/2021 WESTPAC BANKING CORP 0.73

142,000,000 142,036,767 Commercial Paper (Interest Bearing) 8.66

312,000,000 311,926,963 Financial Company Commercial Paper Total 19.02

U.S. Government Agency Repurchase Agreement

REPURCHASE AGREEMENT 80,000,000 80,000,000 Securities, LLC BIV536F85 0.08 01/04/2021 01/04/2021 US GOVT COLL 4.88

80,000,000 80,000,000 Repurchase Agreement 4.88

80,000,000 80,000,000 U.S. Government Agency Repurchase Agreement Total 4.88 Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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 10,000,000 10,000,000 BMO Capital Markets Corp. BIV536F69 0.22 01/04/2021 01/04/2021 0.61

10,000,000 10,000,000 ING Financial Markets LLC BIV536FL6 0.25 01/04/2021 01/04/2021 ING GROEP NV 0.61

10,000,000 10,000,000 ING Financial Markets LLC BIV536FJ1 0.20 01/04/2021 01/04/2021 ING GROEP NV 0.61

25,000,000 25,000,000 RBC CAPITAL MARKETS LLC BIV536G43 0.21 01/04/2021 01/04/2021 ROYAL BANK OF CANADA 1.52

55,000,000 55,000,000 Repurchase Agreement 3.35

REPURCHASE AGREEMENT - OPEN 38,500,000 38,500,000 Global Markets Inc. BIV4JMFJ2 0.72 01/04/2021 07/02/2021 CITIGROUP INC 2.35

35,000,000 35,000,000 J.P. Morgan Securities LLC BIV4LZCT1 0.38 01/04/2021 01/07/2021 JPMORGAN CHASE & CO 2.13

15,000,000 15,000,000 J.P. Morgan Securities LLC BIV4KTSL6 0.56 01/04/2021 03/31/2021 JPMORGAN CHASE & CO 0.91

30,000,000 30,000,000 Mitsubishi UFJ Securities (USA) Inc. BIV52WBY6 0.21 01/04/2021 01/04/2021 MITSUBISHI UFJ FINANCIAL 1.83 GROUP INC 10,000,000 10,000,000 Mitsubishi UFJ Securities (USA) Inc. BIV48P4D2 0.21 01/04/2021 01/04/2021 MITSUBISHI UFJ FINANCIAL 0.61 GROUP INC 35,000,000 35,000,000 SOCIETE GENERALE ( BRANCH) BIV445E07 0.19 01/04/2021 01/04/2021 SOCIETE GENERALE SA 2.13

28,000,000 28,000,000 SOCIETE GENERALE (PARIS BRANCH) BIV445DY4 0.26 01/04/2021 01/04/2021 SOCIETE GENERALE SA 1.71

191,500,000 191,500,000 Repurchase Agreement - Open 11.68

REPURCHASE AGREEMENT - TERM 25,000,000 25,000,000 BMO Capital Markets Corp. BIV52SAX8 0.20 01/05/2021 01/05/2021 BANK OF MONTREAL 1.52

15,000,000 15,000,000 BMO Capital Markets Corp. BIV534ZM7 0.30 01/06/2021 01/06/2021 BANK OF MONTREAL 0.91

60,000,000 60,000,000 CREDIT AGRICOLE SA (PARIS BRANCH) BIV531RS9 0.20 01/04/2021 01/04/2021 CREDIT AGRICOLE GROUP 3.66

15,000,000 15,000,000 Credit Suisse Securities (USA) LLC BIV535000 0.22 01/06/2021 01/06/2021 CREDIT SUISSE GROUP AG 0.91

10,000,000 10,000,000 Credit Suisse Securities (USA) LLC BIV535018 0.23 01/06/2021 01/06/2021 CREDIT SUISSE GROUP AG 0.61

10,000,000 10,000,000 Credit Suisse Securities (USA) LLC BIV534ZZ8 0.20 01/06/2021 01/06/2021 CREDIT SUISSE GROUP AG 0.61

135,000,000 135,000,000 Repurchase Agreement - Term 8.23

381,500,000 381,500,000 Other Repurchase Agreement Total 23.26 Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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

REPURCHASE AGREEMENT 86,674,802 86,674,802 Sumitomo Mitsui Banking Corp. BIV536G01 0.06 01/04/2021 01/04/2021 US TREASURY COLLATERAL 5.28

557,904 557,904 Wells Fargo Securities, LLC BIV536FC6 0.06 01/04/2021 01/04/2021 US TREASURY COLLATERAL 0.03

87,232,706 87,232,706 Repurchase Agreement 5.32

87,232,706 87,232,706 U.S. Treasury Repurchase Agreement Total 5.32

Non-Financial Company Commercial Paper

COMMERCIAL PAPER 10,000,000 9,997,026 AGRICULTURAL BANK OF CHINA (NEW YORK BRANCH) 00850UPC2 0.31 02/12/2021 02/12/2021 CHINA PEOPLES REPUBLIC 0.61 OF (GOVERNMENT) 15,000,000 14,990,927 AGRICULTURAL BANK OF CHINA (NEW YORK BRANCH) 00850UQ80 0.32 03/08/2021 03/08/2021 CHINA PEOPLES REPUBLIC 0.91 OF (GOVERNMENT) 10,000,000 9,995,126 Bank of China Ltd 06119QQ34 0.33 03/03/2021 03/03/2021 BANK OF CHINA LTD 0.61

20,000,000 19,995,116 CREDIT LOCAL - (ST) GTD 25215VPR4 0.23 02/25/2021 02/25/2021 BELGIUM (KINGDOM OF); 1.22 (REPUBLIC OF); LUXEMBOURG (GRAND DUCHY OF); 25,000,000 24,973,942 DEXIA CREDIT LOCAL - (ST) GTD 25215VT82 0.24 06/08/2021 06/08/2021 BELGIUM (KINGDOM OF); 1.52 FRANCE (REPUBLIC OF); LUXEMBOURG (GRAND DUCHY OF); 20,000,000 19,998,108 FMS Wertmanagement 34411GNS1 0.18 01/26/2021 01/26/2021 GERMANY (FEDERAL 1.22 REPUBLIC OF) 25,000,000 24,988,986 Industrial & Commercial Bank of China Ltd 45581BQ26 0.27 03/02/2021 03/02/2021 INDUSTRIAL AND 1.52 COMMERCIAL BANK OF CHINA LTD 125,000,000 124,939,230 Commercial Paper 7.62

COMMERCIAL PAPER (INTEREST BEARING) 10,000,000 9,995,505 Industrial & Commercial Bank of China Ltd 45581BQ34 0.35 03/03/2021 03/03/2021 INDUSTRIAL AND 0.61 COMMERCIAL BANK OF CHINA LTD 10,000,000 9,995,505 Commercial Paper (Interest Bearing) 0.61

135,000,000 134,934,735 Non-Financial Company Commercial Paper Total 8.23

Other Instrument

CORPORATE BONDS 18,496,000 18,517,946 Apple, Inc. 037833BS8 2.25 02/23/2021 02/23/2021 APPLE INC 1.13

18,496,000 18,517,946 Corporate Bonds 1.13

18,496,000 18,517,946 Other Instrument Total 1.13 Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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

US TREASURY BILLS 50,000,000 49,999,375 U.S. Treasury 9127963U1 0.12 01/14/2021 01/14/2021 UNITED STATES OF 3.05 AMERICA 50,000,000 49,999,375 US Treasury Bills 3.05

50,000,000 49,999,375 U.S. Treasury Debt Total 3.05

Variable Rate Demand Note

TAXABLE VARIABLE-RATE NOTE 20,900,000 20,900,000 Jets Stadium Development, LLC Project Revenue Bonds, Series 2007A-4 (LOC-Sumitomo 477181AL5 0.21 01/07/2021 01/07/2021 SUMITOMO MITSUI 1.27 Mitsui Banking Corp.) FINANCIAL GROUP INC 3,900,000 3,900,000 Jets Stadium Development, LLC; Series 2014 A-4B, VRD Bonds (LOC-Sumitomo Mitsui 477181AK7 0.21 01/07/2021 01/07/2021 SUMITOMO MITSUI 0.24 Banking Corp.) FINANCIAL GROUP INC 11,500,000 11,500,000 Keep Memory Alive; Series 2013, VRD Taxable (LOC-PNC Bank N.A.) 487437AA3 0.19 01/07/2021 01/07/2021 PNC 0.70 GROUP INC (THE) 36,300,000 36,300,000 Taxable Variable-Rate Note 2.21

VARIABLE RATE DEMAND NOTE 4,750,000 4,750,000 Arizona (State of) Health Facilities Authority (Banner Health); Series 2015 C, VRD RB 040507QB4 0.09 01/04/2021 01/04/2021 CORP 0.29 (LOC-Bank of America, N.A.) 305,000 305,000 Bridgeton (City of), Missouri Industrial Development Authority (Stolze Printing); Series 108461AQ7 0.11 01/07/2021 01/07/2021 FEDERAL HOME LOAN 0.02 2010, Variable Rate Demand Revenue Bonds (LOC-FHLB of Chicago) 1,455,000 1,455,000 Delaware (State of) Economic Development Authority (YMCA of Delaware); Series 2007, 246387MJ0 0.11 01/07/2021 01/07/2021 PNC FINANCIAL SERVICES 0.09 VRD RB (LOC-PNC Bank, N.A.) GROUP INC (THE) 2,350,000 2,350,000 Fayette (County of), Pennsylvania Hospital Authority (Fayette Regional Health System); 312468BP5 0.10 01/07/2021 01/07/2021 PNC FINANCIAL SERVICES 0.14 Series 2007 B, VRD RB (LOC-PNC Bank, N.A.) GROUP INC (THE) 5,200,000 5,200,000 Gulf Coast Industrial Development Authority (ExxonMobil); Series 2012, VRD RB 402207AD6 0.08 01/04/2021 01/04/2021 EXXON MOBIL CORP 0.32

3,800,000 3,800,000 Harris (County of), Texas Hospital District; Series 2010, Ref. VRD Sr. Lien RB 41415WBT8 0.10 01/07/2021 01/07/2021 JPMORGAN CHASE & CO 0.23 (LOC-JPMorgan , N.A.) 250,000 250,000 Houston (City of), Texas (Combined Utility System); Series 2004 B-3, Ref. VRD First Lien 442435XN8 0.08 01/07/2021 01/07/2021 SUMITOMO MITSUI 0.02 RB (LOC-Sumitomo Mitsui Banking Corp.) FINANCIAL GROUP INC 340,000 340,000 Illinois (State of) Housing Development Authority (Danbury Court Apartments-Phase II); 45202BBC9 0.19 01/07/2021 01/07/2021 FEDERAL HOME LOAN 0.02 Series 2004 B, VRD MFH RB (LOC-FHLB of Indianapolis) BANKS 6,925,000 6,925,000 Indiana (State of) (Ispat Inland Inc.); Series 2005, Ref. VRD Environmental Improvement 455054AC0 0.15 01/07/2021 01/07/2021 COOPERATIEVE 0.42 RB (LOC-Rabobank Nederland) UA 3,790,000 3,790,000 Indiana (State of) Finance Authority (Sisters of St. Francis Health Services); Series 2008 J, 45470YBN0 0.08 01/04/2021 01/04/2021 BARCLAYS PLC 0.23 Refunding Variable Rate Demand Revenue Bonds (LOC- Barclays Bank plc) 2,585,000 2,585,000 Metropolitan Washington Airports Authority; Subseries 2010 C-2, Ref. VRD Airport System 592646X24 0.07 01/07/2021 01/07/2021 SUMITOMO MITSUI 0.16 RB (LOC-Sumitomo Mitsui Banking Corp.) FINANCIAL GROUP INC 1,000,000 1,000,000 Mississippi Business Finance Corp. (Chevron U.S.A. Inc.); Series 2010 C, VRD IDR 60528ACB8 0.10 01/04/2021 01/04/2021 CHEVRON CORP; CHEVRON 0.06 CORP; 5,150,000 5,150,000 Mobile (County of), Alabama IDA; Series 2010 A, VRD Recovery Zone Facility RB 607336AD6 0.12 01/07/2021 01/07/2021 AB 0.31 (LOC-Swedbank AB) 2,010,000 2,010,000 Oak Park Heights (City of), Minnesota (Boutswell Landing); Series 2005, Ref. VRD MFH RB 671575AV0 0.09 01/07/2021 01/07/2021 FEDERAL HOME LOAN 0.12 (CEP-FHLMC) MORTGAGE CORPORATION 1,165,000 1,165,000 Oakland University Board of Trustees; Series 2008, Ref. VRD RB (LOC-JPMorgan Chase 673588DL0 0.08 01/07/2021 01/07/2021 JPMORGAN CHASE & CO 0.07 Bank, N.A.) Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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

VARIABLE RATE DEMAND NOTE 800,000 800,000 San Francisco (City and County of), California (Transbay Block 8 Tower Apartments); Series 79765PDJ9 0.15 01/07/2021 01/07/2021 BANK OF CHINA LTD 0.05 2016 H, VRD RB (LOC-Bank of China Ltd.) 2,175,000 2,175,000 Washington (State of) Housing Finance Commission (Kitts Corner Apartments); Series 93978PNL7 0.09 01/07/2021 01/07/2021 FEDERAL HOME LOAN 0.13 2014, VRD MFH RB (LOC-FHLB of San Francisco) BANKS 660,000 660,000 Westmoreland (County of), Pennsylvania Industrial Development Authority (Excela Health); 961008PU7 0.10 01/07/2021 01/07/2021 PNC FINANCIAL SERVICES 0.04 Series 2005 A, VRD Health System RB (LOC-PNC Bank, N.A.) GROUP INC (THE) 44,710,000 44,710,000 Variable Rate Demand Note 2.73

81,010,000 81,010,000 Variable Rate Demand Note Total 4.94

Non-Negotiable Time Deposit

TIME DEPOSITS 35,000,000 35,000,000 Australia & New Zealand Banking Group, Ltd. BIV536LY1 0.09 01/04/2021 01/04/2021 AUSTRALIA AND NEW 2.13 ZEALAND BANKING GROUP LTD 35,000,000 35,000,000 Time Deposits 2.13

35,000,000 35,000,000 Non-Negotiable Time Deposit Total 2.13

1,640,238,706 1,640,036,055 GRAND TOTAL 100.00 Invesco Premier Portfolio

Portfolio Holdings Data as of December 31, 2020

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 Premier 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. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below the required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance 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 Premier 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 Premier Portfolio was renamed the Invesco Premier 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-APMF-E1231 01/21 Invesco Distributors, Inc.