Edgar Filing: Invesco Bond Fund

VBF 11-30-2012 N-Q

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANY


Investment Company Act file number				811-02090

Invesco Bond Fund

(Exact name of registrant as specified in charter)

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

(Address of principal executive offices) (Zip code)

Colin Meadows 1555 Peachtree Street, N.E., Atlanta, Georgia 30309

(Name and address of agent for service)


Registrant’s telephone number, including area code:		(713) 626-1919


Date of fiscal year end:		2/28

Date of reporting period:		11/30/12

2410852

012213 (1) BO

Item 1. Schedule of Investments.

Invesco Bond Fund

Effective December 3, 2012, Invesco Van Kampen Bond Fund was renamed Invesco Bond Fund.

Quarterly Schedule of Portfolio Holdings November 30, 2012

LOGO


		invesco.com/us		VK-CE-BOND-QTR-1 11/12		Invesco Advisers, Inc.

Schedule of Investments ^(a)

November 30, 2012

(Unaudited)


	Principal Amount		Value
U.S. Dollar Denominated Bonds and Notes–98.28%
Advertising–1.10%
Interpublic Group of Cos Inc. (The), Sr. Unsec. Global Notes, 2.25%, 11/15/17	$	1,200,000	$	1,185,174
Lamar Media Corp., Sr. Unsec. Gtd. Sub. Notes, 5.00%, 05/01/23^(b)		15,000		15,150
National CineMedia LLC, Sr. Sec. Global Notes, 6.00%, 04/15/22		10,000		10,625
Omnicom Group Inc., Sr. Unsec. Gtd. Global Notes, 3.63%, 05/01/22		260,000		272,739
WPP Finance (United Kingdom), Sr. Unsec. Gtd. Global Notes, 8.00%, 09/15/14		1,080,000		1,199,114

				2,682,802


Aerospace & Defense–1.02%
BE Aerospace Inc., Sr. Unsec. Notes, 5.25%, 04/01/22		20,000		21,100
Bombardier Inc. (Canada), Sr. Unsec. Notes, 7.75%, 03/15/20^(b)		90,000		101,250
General Dynamics Corp.,
Sr. Unsec. Gtd. Global Notes,
2.25%, 11/15/22		600,000		593,522
3.60%, 11/15/42		500,000		493,910
Huntington Ingalls Industries Inc.,
Sr. Unsec. Gtd. Global Notes,
6.88%, 03/15/18		55,000		59,675
7.13%, 03/15/21		50,000		54,250
L3 Communications Corp., Sr. Unsec. Gtd. Notes, 4.75%, 07/15/20		1,000,000		1,123,119
Spirit Aerosystems Inc., Sr. Unsec. Gtd. Global Notes, 6.75%, 12/15/20		45,000		47,925
TransDigm Inc., Sr. Unsec. Gtd. Sub. Notes, 5.50%, 10/15/20^(b)		10,000		10,225

				2,504,976


Agricultural Products–1.28%
Bunge Ltd. Finance Corp., Sr. Unsec. Gtd. Notes, 4.10%, 03/15/16		1,685,000		1,811,720
Ingredion Inc.,
Sr. Unsec. Global Notes,
1.80%, 09/25/17		460,000		460,690
Sr. Unsec. Notes,
3.20%, 11/01/15		460,000		484,215
6.63%, 04/15/37		300,000		377,253

				3,133,878


	Principal Amount		Value
Air Freight & Logistics–0.15%
United Parcel Service Inc., Sr. Unsec. Global Notes, 3.63%, 10/01/42	$	365,000	$	365,908

Airlines–2.63%
America West Airlines Pass Through Trust-Series 2001-1, Class G, Sec. Pass Through Ctfs., 7.10%, 04/02/21		329,927		344,156
American Airlines Inc., Sr. Sec. Gtd. Notes, 7.50%, 03/15/16 (Acquired 10/13/11-11/29/11; Cost $74,100)^(b)(c)		90,000		94,950
American Airlines Pass Through Trust, Series 2009-1A, Sec. Pass Through Ctfs., 10.38%, 07/02/19		407,473		423,007
Series 2011-1, Class B, Sec. Pass Through Ctfs., 7.00%, 01/31/18^(b)		742,640		764,919
Continental Airlines Pass Through Trust,
Series 2007-1, Class C, Sec. Global Pass Through Ctfs., 7.34%, 04/19/14		22,833		23,646
Series 2009-1, Sec. Pass Through Ctfs., 9.00%, 07/08/16		12,862		14,919
Series 2010-1, Class B, Sec. Pass Through Ctfs., 6.00%, 01/12/19		683,661		702,462
Series 2012-1, Class B, Sec. Pass Through Ctfs., 6.25%, 04/11/20		2,000,000		2,131,250
Delta Air Lines Pass Through Trust, Series 2010-1, Class A, Sec. Pass Through Ctfs., 6.20%, 07/02/18		477,149		534,407
Series 2010-1, Class B, Sec. Pass Through Ctfs., 6.38%, 01/02/16^(b)		15,000		15,675
Series 2010-2, Class A, Sec. Pass Through Ctfs., 4.95%, 05/23/19		434,666		473,786
Series 2010-2, Class B, Sec. Pass Through Ctfs., 6.75%, 11/23/15^(b)		20,000		20,875
Series 2011-1, Class A, Sec. Pass Through Ctfs., 5.30%, 04/15/19		142,765		157,042
Series 2012-1, Class A, Sr. Sec. Pass Through Ctfs., 4.75%, 05/07/20		615,000		655,359
US Airways Pass Through Trust-Series 1998-1, Class C, Sec. Pass Through Ctfs., 6.82%, 01/30/14		76,672		72,072

				6,428,525

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Alternative Carriers–0.10%
Cogent Communications Group, Inc., Sr. Sec. Gtd. Notes, 8.38%, 02/15/18^(b)	$	50,000	$	54,750
Level 3 Communications Inc.,
Sr. Unsec. Global Notes,
11.88%, 02/01/19		50,000		57,250
Sr. Unsec. Notes,
8.88%, 06/01/19(b)		30,000		31,575
Level 3 Financing Inc.,
Sr. Unsec. Gtd. Notes,
7.00%, 06/01/20(b)		35,000		35,875
Sr. Unsec. Gtd. Global Notes,
8.13%, 07/01/19		25,000		26,813
8.63%, 07/15/20		20,000		21,900
9.38%, 04/01/19		25,000		28,062

				256,225


Aluminum–0.03%
Century Aluminum Co., Sr. Sec. Gtd. Notes, 8.00%, 05/15/14		80,000		81,050

Apparel Retail–0.13%
Express LLC/Express Finance Corp., Sr. Unsec. Gtd. Global Notes, 8.75%, 03/01/18		55,000		59,813
Gap, Inc. (The), Sr. Unsec. Notes, 5.95%, 04/12/21		75,000		85,359
J. Crew Group Inc., Sr. Unsec. Gtd. Global Notes, 8.13%, 03/01/19		90,000		94,950
Limited Brands Inc., Sr. Unsec. Gtd. Notes, 6.63%, 04/01/21		70,000		80,500

				320,622


Apparel, Accessories & Luxury Goods–0.24%
Hanesbrands Inc., Sr. Unsec. Gtd. Global Notes, 6.38%, 12/15/20		135,000		148,837
Jones Group Inc./Apparel Group Holdings/Apparel Group USA/Footwear Accessories Retail, Sr. Unsec. Notes, 6.88%, 03/15/19		170,000		175,100
Levi Strauss & Co., Sr. Unsec. Global Notes, 7.63%, 05/15/20		160,000		174,400
Quiksilver Inc., Sr. Unsec. Gtd. Global Notes, 6.88%, 04/15/15		100,000		98,063

				596,400
Application Software–0.01%
Nuance Communications Inc., Sr. Unsec. Gtd. Notes, 5.38%, 08/15/20^(b)		15,000		15,675
Asset Management & Custody Banks–0.76%
Blackstone Holdings Finance Co. LLC,
Sr. Unsec. Gtd. Notes,
4.75%, 02/15/23^(b)		1,190,000		1,275,143

6.25%, 08/15/42^(b)		490,000		546,062


	Principal Amount		Value
Asset Management & Custody Banks–(continued)
PQ Corp., Sr. Sec. Notes, 8.75%, 05/01/18^(b)	$	35,000	$	36,137

				1,857,342


Auto Parts & Equipment–0.09%
Allison Transmission Inc., Sr. Unsec. Gtd. Notes, 7.13%, 05/15/19^(b)		90,000		96,300
American Axle & Manufacturing Inc., Sr. Unsec. Gtd. Notes, 6.63%, 10/15/22		55,000		55,963
CVR Refining LLC/Coffeyville Finance Inc., Sr. Sec. Gtd. Notes, 6.50%, 11/01/22^(b)		60,000		59,250

				211,513


Automobile Manufacturers–0.04%
Ford Motor Co., Sr. Unsec. Global Notes, 7.45%, 07/16/31		80,000		101,200

Automotive Retail–0.97%
Advance Auto Parts, Inc., Sr. Unsec. Gtd. Notes, 5.75%, 05/01/20		1,540,000		1,651,721
AutoZone, Inc., Sr. Unsec. Global Notes, 6.50%, 01/15/14		675,000		715,716

				2,367,437


Biotechnology–0.01%
STHI Holding Corp., Sec. Gtd. Notes, 8.00%, 03/15/18^(b)		25,000		27,313
Brewers–0.60%
Heineken NV (Netherlands), Sr. Notes, 1.40%, 10/01/17^(b)		600,000		602,315
SABMiller Holdings Inc. (United Kingdom),
Sr. Unsec. Gtd. Notes,
3.75%, 01/15/22^(b)		460,000		499,842
4.95%, 01/15/42^(b)		325,000		377,979

				1,480,136


Broadcasting–2.22%
Allbritton Communications Co., Sr. Unsec. Global Notes, 8.00%, 05/15/18		30,000		32,775
Clear Channel Worldwide Holdings Inc.,
Series A,
Sr. Unsec. Gtd. Notes,
6.50%, 11/15/22(b)		15,000		14,962
Series B,
Sr. Unsec. Gtd. Sub. Global Notes,
7.63%, 03/15/20		70,000		69,300
Series B,
Sr. Unsec. Gtd. Notes,
6.50%, 11/15/22(b)		40,000		40,600

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Broadcasting–(continued)
COX Communications Inc.,
Sr. Unsec. Notes,
4.70%, 12/15/42^(b)	$	1,000,000	$	1,031,723
6.25%, 06/01/18^(b)		1,300,000		1,587,414
8.38%, 03/01/39^(b)		305,000		468,807
Discovery Communications LLC, Sr. Unsec. Gtd. Global Notes, 3.70%, 06/01/15		2,000,000		2,140,248
LIN Television Corp., Sr. Unsec. Gtd. Notes, 6.38%, 01/15/21^(b)		10,000		10,275
Nielsen Finance LLC/Co. (Netherlands), Sr. Unsec. Gtd. Notes, 4.50%, 10/01/20^(b)		25,000		25,062
Starz LLC/Starz Finance Corp., Sr. Unsec. Notes, 5.00%, 09/15/19^(b)		5,000		5,138

				5,426,304


Building Products–0.44%
American Standard Americas, Sr. Sec. Notes, 10.75%, 01/15/16^(b)		40,000		39,000
Building Materials Corp. of America,
Sr. Unsec. Gtd. Notes,
7.50%, 03/15/20^(b)		45,000		49,500
Sr. Unsec. Notes,
6.88%, 08/15/18^(b)		20,000		21,625
Gibraltar Industries Inc.-Series B, Sr. Unsec. Gtd. Sub. Global Notes, 8.00%, 12/01/15		65,000		66,016
Masco Corp., Sr. Unsec. Global Notes, 5.95%, 03/15/22		20,000		22,125
Nortek Inc., Sr. Unsec. Gtd. Global Notes, 8.50%, 04/15/21		163,000		178,077
Owens Corning Inc., Sr. Unsec. Gtd. Global Notes, 4.20%, 12/15/22		415,000		422,342
Ply Gem Industries Inc.,
Sr. Sec. Gtd. Global Notes,
8.25%, 02/15/18		65,000		69,387
Sr. Unsec. Notes,
9.38%, 04/15/17^(b)		25,000		26,188
USG Corp.,
Sr. Unsec. Gtd. Notes,
7.88%, 03/30/20^(b)		60,000		66,300
Sr. Unsec. Notes,
9.75%, 01/15/18		95,000		106,400

				1,066,960


Cable & Satellite–4.54%
Cablevision Systems Corp., Sr. Unsec. Global Notes, 5.88%, 09/15/22		10,000		9,875
Comcast Corp.,
Sr. Unsec. Gtd. Global Notes,
3.13%, 07/15/22		2,000,000		2,088,248
5.70%, 05/15/18		1,545,000		1,874,963
6.50%, 01/15/15		500,000		559,014
Sr. Unsec. Gtd. Notes,
6.45%, 03/15/37		580,000		752,515


	Principal Amount		Value
Cable & Satellite–(continued)
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.,
Sr. Unsec. Gtd. Global Notes,
2.40%, 03/15/17	$	295,000	$	301,280
5.15%, 03/15/42		490,000		490,992
DISH DBS Corp.,
Sr. Unsec. Gtd. Global Notes,
4.63%, 07/15/17		75,000		77,906
5.88%, 07/15/22		30,000		32,288
Intelsat Jackson Holdings S.A. (Luxembourg),
Sr. Unsec. Gtd. Global Notes,
7.25%, 10/15/20		90,000		96,525
7.50%, 04/01/21		85,000		92,013
Sr. Unsec. Gtd. Notes,
6.63%, 12/15/22^(b)		60,000		60,300
7.25%, 10/15/20^(b)		50,000		53,625
NBCUniversal Media LLC,
Sr. Unsec. Global Notes,
5.15%, 04/30/20		210,000		250,160
2.10%, 04/01/14		375,000		381,971
5.95%, 04/01/41		355,000		432,617
Time Warner Cable, Inc.,
Sr. Unsec. Gtd. Global Notes,
6.55%, 05/01/37		310,000		385,106
6.75%, 07/01/18		685,000		858,650
Sr. Unsec. Gtd. Notes,
5.00%, 02/01/20		350,000		409,170
Virgin Media Secured Finance PLC (United Kingdom),
Sr. Sec. Gtd. Global Notes,
5.25%, 01/15/21		420,000		491,121
6.50%, 01/15/18		1,290,000		1,411,277

				11,109,616


Casinos & Gaming–0.43%
Ameristar Casinos Inc., Sr. Unsec. Gtd. Global Notes, 7.50%, 04/15/21		55,000		58,713
Caesars Entertainment Operating Co. Inc.,
Sec. Gtd. Global Notes,
12.75%, 04/15/18		50,000		36,625
Sr. Sec. Gtd. Notes,
9.00%, 02/15/20^(b)		45,000		45,225
Sr. Unsec. Gtd. Global Notes,
5.38%, 12/15/13		20,000		19,500
Chester Downs & Marina LLC, Sr. Sec. Gtd. Notes, 9.25%, 02/01/20^(b)		10,000		9,875
CityCenter Holdings LLC/CityCenter Finance Corp.,
Sr. Sec. Gtd. Global Notes,
7.63%, 01/15/16		45,000		48,488
Sr. Sec. Gtd. Notes,
7.63%, 01/15/16^(b)		5,000		5,388
Sr. Sec. Gtd. PIK Global Notes,
10.75%, 01/15/17		82,437		89,650
Codere Finance Luxembourg S.A. (Spain), Sr. Sec. Gtd. Notes, 9.25%, 02/15/19^(b)		10,000		7,550

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Casinos & Gaming–(continued)
MGM Resorts International,
Sr. Unsec. Gtd. Global Notes,
6.63%, 07/15/15	$	270,000	$	288,900
Sr. Unsec. Gtd. Notes,
7.75%, 03/15/22		90,000		94,950
Seneca Gaming Corp., Sr. Unsec. Gtd. Notes, 8.25%, 12/01/18^(b)		57,000		59,707
Snoqualmie Entertainment Authority,
Sr. Sec. Floating Rate Notes,
4.48%, 02/01/14^(b)(d)		65,000		64,431
Sr. Sec. Notes,
9.13%, 02/01/15^(b)		72,000		72,630
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.,
Sr. Sec. First Mortgage Global Notes,
5.38%, 03/15/22		90,000		95,512
7.75%, 08/15/20		50,000		57,625

				1,054,769


Coal & Consumable Fuels–0.11%
Alpha Natural Resources Inc., Sr. Unsec. Gtd. Notes, 9.75%, 04/15/18		15,000		15,525
CONSOL Energy Inc., Sr. Unsec. Gtd. Global Notes, 8.25%, 04/01/20		125,000		133,906
Peabody Energy Corp.,
Sr. Unsec. Gtd. Global Notes,
6.00%, 11/15/18		80,000		84,000
Sr. Unsec. Gtd. Notes,
6.50%, 09/15/20		30,000		32,100

				265,531

Communications Equipment–0.09%
Avaya Inc.,
Sr. Sec. Gtd. Notes,
7.00%, 04/01/19^(b)		80,000		72,400
Sr. Unsec. Gtd. Global Notes,
9.75%, 11/01/15		20,000		16,025
Hughes Satellite Systems Corp.,
Sr. Sec. Gtd. Global Notes,
6.50%, 06/15/19		50,000		54,000
Sr. Unsec. Gtd. Global Notes,
7.63%, 06/15/21		15,000		16,800
ViaSat Inc.,
Sr. Unsec. Gtd. Global Notes,
6.88%, 06/15/20		40,000		41,700
Sr. Unsec. Gtd. Notes,
6.88%, 06/15/20^(b)		25,000		26,063

				226,988


Computer & Electronics Retail–0.05%
Rent-A-Center Inc., Sr. Unsec. Gtd. Global Notes, 6.63%, 11/15/20		105,000		114,713


	Principal Amount		Value
Computer Storage & Peripherals–0.04%
Seagate HDD Cayman,
Sr. Unsec. Gtd. Global Notes,
7.00%, 11/01/21	$	85,000	$	89,675
7.75%, 12/15/18		10,000		10,950

				100,625


Construction & Engineering–0.34%
Dycom Investments Inc.,
Sr. Unsec. Gtd. Sub. Global Notes,
7.13%, 01/15/21		80,000		85,000
Sr. Unsec. Gtd. Sub. Notes,
7.13%, 01/15/21(b)		25,000		26,188
MasTec, Inc., Sr. Unsec. Gtd. Global Notes, 7.63%, 02/01/17		50,000		51,438
Tutor Perini Corp., Sr. Unsec. Gtd. Global Notes, 7.63%, 11/01/18		155,000		160,037
URS Corp., Sr. Unsec. Notes, 5.00%, 04/01/22^(b)		500,000		521,061

				843,724


Construction & Farm Machinery & Heavy Trucks–1.04%
Case New Holland Inc., Sr. Unsec. Gtd. Global Notes, 7.88%, 12/01/17		45,000		53,156
Caterpillar Financial Services Corp., Sr. Unsec. Notes, 0.70%, 11/06/15		900,000		900,097
CNH Capital LLC (Netherlands), Sr. Notes, 3.88%, 11/01/15(b)		12,000		12,345
Commercial Vehicle Group Inc., Sec. Gtd. Global Notes, 7.88%, 04/15/19		52,000		50,960
Deere & Co., Sr. Unsec. Notes, 3.90%, 06/09/42		1,305,000		1,342,784
Manitowoc Co. Inc. (The), Sr. Unsec. Gtd. Notes, 8.50%, 11/01/20		40,000		44,800
Navistar International Corp., Sr. Unsec. Gtd. Notes, 8.25%, 11/01/21		74,000		70,670
Terex Corp., Sr. Unsec. Gtd. Global Notes, 6.00%, 05/15/21		10,000		10,400
Titan International Inc., Sr. Sec. Gtd. Global Notes, 7.88%, 10/01/17		50,000		53,000

				2,538,212


Construction Materials–0.26%
Cemex Finance LLC (Mexico), Sr. Sec. Gtd. Bonds, 9.50%, 12/14/16(b)		100,000		107,992
CRH America Inc. (Ireland), Sr. Unsec. Gtd. Notes, 8.13%, 07/15/18		315,000		384,501
Texas Industries Inc., Sr. Unsec. Gtd. Global Notes, 9.25%, 08/15/20		130,000		139,750

				632,243

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Consumer Finance–2.83%
Ally Financial Inc.,
Sr. Unsec. Gtd. Global Notes,
4.63%, 06/26/15	$	50,000	$	52,125
7.50%, 09/15/20		275,000		333,437
8.00%, 03/15/20		15,000		18,525
Capital One Capital VI, Jr. Unsec. Ltd. Gtd. Sub. Trust Pfd. Securities, 8.88%, 05/15/40		600,000		606,000
Capital One Financial Corp., Sr. Unsec. Global Notes, 1.00%, 11/06/15		500,000		497,899
Ford Motor Credit Co. LLC,
Sr. Unsec. Notes
3.00%, 06/12/17		1,000,000		1,016,120
4.25%, 09/20/22		1,200,000		1,245,463
General Motors Financial Co. Inc., Sr. Unsec. Gtd. Notes, 4.75%, 08/15/17^(b)		20,000		20,850
John Deere Capital Corp., Sr. Unsec. Global Notes, 0.88%, 04/17/15		310,000		311,298
National Money Mart Co., Sr. Unsec. Gtd. Global Notes, 10.38%, 12/15/16		35,000		38,719
SLM Corp.,
Sr. Unsec. Medium-Term Global Notes,
6.25%, 01/25/16		745,000		810,519
Series A,
Sr. Unsec. Medium-Term Notes,
5.00%, 10/01/13		1,930,000		1,978,403

				6,929,358

Data Processing & Outsourced Services–0.29%
Computer Sciences Corp., Sr. Unsec. Global Notes, 4.45%, 09/15/22		340,000		349,700
CoreLogic, Inc., Sr. Unsec. Gtd. Global Notes, 7.25%, 06/01/21		125,000		136,562
First Data Corp.,
Sr. Sec. Gtd. Notes,
6.75%, 11/01/20^(b)		130,000		131,950
7.38%, 06/15/19^(b)		45,000		46,688
SunGard Data Systems Inc.,
Sr. Unsec. Gtd. Global Notes,
7.38%, 11/15/18		5,000		5,350
7.63%, 11/15/20		30,000		33,075

				703,325

Department Stores–0.03%
Sears Holdings Corp., Sr. Sec. Gtd. Global Notes, 6.63%, 10/15/18		85,000		78,200
Distillers & Vintners–0.06%
CEDC Finance Corp. International Inc. (Poland), Sr. Sec. Gtd. Mortgage Notes, 9.13%, 12/01/16^(b)		100,000		51,000


	Principal Amount		Value
Distillers & Vintners–(continued)
Constellation Brands Inc.,
Sr. Unsec. Gtd. Global Notes,
4.63%, 03/01/23	$	10,000	$	10,350
7.25%, 05/15/17		60,000		70,650
Sr. Unsec. Gtd. Notes,
6.00%, 05/01/22		5,000		5,688

				137,688

Diversified Banks–8.69%
Abbey National Treasury Services PLC (United Kingdom),
Sr. Unsec. Gtd. Global Notes,
2.88%, 04/25/14		250,000		254,445
Sr. Unsec. Gtd. Medium-Term Euro Notes,
3.88%, 11/10/14^(b)		555,000		573,270
ABN Amro Bank N.V. (Netherlands), Sr. Unsec. Notes, 3.00%, 01/31/14^(b)		1,000,000		1,017,314
Bank of Montreal (Canada), Sr. Unsec. Medium-Term Notes, 0.80%, 11/06/15		585,000		585,147
Barclays Bank PLC (United Kingdom), Unsec. Sub. Notes, 6.05%, 12/04/17^(b)		335,000		367,145
BBVA U.S. Senior S.A. Unipersonal (Spain), Sr. Unsec. Gtd. Notes, 3.25%, 05/16/14		1,100,000		1,100,419
BPCE S.A. (France), Sr. Unsec. Notes, 2.38%, 10/04/13^(b)		775,000		777,861
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Netherlands), Jr. Unsec. Sub. Notes, 11.00%^(b)(e)		210,000		283,797
Hana Bank (South Korea),
Sr. Unsec. Notes,
4.25%, 06/14/17^(b)		500,000		545,559
4.50%, 10/30/15^(b)		1,075,000		1,166,377
HBOS PLC (United Kingdom), Unsec. Sub. Medium-Term Global Notes, 6.75%, 05/21/18^(b)		1,080,000		1,131,926
HSBC Bank PLC (United Kingdom), Sr. Unsec. Notes, 4.13%, 08/12/20^(b)		1,275,000		1,404,737
HSBC Finance Corp., Sr. Unsec. Sub. Global Notes, 6.68%, 01/15/21		957,000		1,137,055
HSBC Holdings PLC (United Kingdom), Sr. Unsec. Global Notes, 4.00%, 03/30/22		500,000		546,415
ICICI Bank Ltd. (India), Sr. Unsec. Notes, 4.75%, 11/25/16^(b)		600,000		619,922
ING Bank N.V. (Netherlands),
Sr. Unsec. Notes,
3.00%, 09/01/15^(b)		510,000		526,327
Unsec. Notes,
3.75%, 03/07/17^(b)		990,000		1,053,354
Korea Development Bank (The) (South Korea),
Sr. Unsec. Global Notes,
3.50%, 08/22/17		355,000		380,149

4.38%, 08/10/15		1,135,000		1,226,272

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Diversified Banks–(continued)
Lloyds TSB Bank PLC (United Kingdom), Unsec. Gtd. Sub. Medium-Term Notes, 6.50%, 09/14/20^(b)	$	540,000	$	591,877
National Australia Bank (Australia), Sr. Unsec. Medium-Term Global Notes, 2.00%, 03/09/15		460,000		471,807
RBS Capital Trust II (United Kingdom), Jr. Unsec. Gtd. Sub. Global Bonds, 6.43%^(e)		25,000		21,250
Royal Bank of Scotland Group PLC (The) (United Kingdom), Sr. Unsec. Global Notes, 6.40%, 10/21/19		260,000		307,599
Unsec. Sub. Notes, 6.13%, 12/15/22		40,000		41,115
Santander U.S. Debt S.A. Unipersonal (Spain), Sr. Unsec. Gtd. Notes, 2.99%, 10/07/13^(b)		500,000		503,157
3.72%, 01/20/15^(b)		800,000		802,861
Societe Generale S.A. (France), Sr. Unsec. Medium-Term Notes, 5.20%, 04/15/21^(b)		700,000		767,376
Standard Chartered PLC (Hong Kong), Sr. Unsec. Notes, 3.20%, 05/12/16^(b)		500,000		527,901
Turkiye Is Bankasi A.S. (Turkey), Sr. Unsec. Notes, 3.88%, 11/07/17^(b)		1,180,000		1,220,859
VTB Bank OJSC Via VTB Capital S.A. (Russia), Sr. Unsec. Loan Participation Notes, 6.32%, 02/22/18^(b)		915,000		982,257
6.55%, 10/13/20^(b)		325,000		349,622
				21,285,172
Diversified Capital Markets–0.48%
UBS AG (Switzerland), Sr. Unsec. Global Bank Notes, 5.88%, 12/20/17		985,000		1,170,850
Diversified Chemicals–1.04%
Dow Chemical Co. (The), Sr. Unsec. Global Notes, 3.00%, 11/15/22		890,000		888,289
4.25%, 11/15/20		1,485,000		1,651,671
				2,539,960
Diversified Metals & Mining–2.14%
Anglo American Capital PLC (United Kingdom), Sr. Unsec. Gtd. Notes, 9.38%, 04/08/19^(b)		660,000		860,904

BHP Billiton Finance USA Ltd. (Australia), Sr. Unsec. Gtd. Global Notes, 6.50%, 04/01/19		1,000,000		1,289,152


	Principal Amount		Value
Diversified Metals & Mining–(continued)
FMG Resources Pty. Ltd. (Australia), Sr. Unsec. Gtd. Notes, 6.38%, 02/01/16^(b)	$	15,000	$	15,179
6.88%, 04/01/22^(b)		55,000		53,487
7.00%, 11/01/15^(b)		75,000		76,687
Freeport-McMoRan Copper & Gold Inc., Sr. Unsec. Global Notes, 3.55%, 03/01/22		300,000		306,331
Midwest Vanadium Pty. Ltd. (Australia), Sr. Sec. Gtd. Mortgage Notes, 11.50%, 02/15/18(b)		25,000		16,125
Rio Tinto Finance USA PLC (United Kingdom), Sr. Unsec. Gtd. Global Notes, 3.50%, 03/22/22		820,000		870,655
Southern Copper Corp., Sr. Unsec. Global Notes, 5.25%, 11/08/42		750,000		738,820
5.38%, 04/16/20		230,000		265,139
6.75%, 04/16/40		335,000		395,923
Vedanta Resources PLC (India), Sr. Unsec. Notes, 9.50%, 07/18/18^(b)		100,000		113,507
Xstrata Finance Canada Ltd. (Canada), Sr. Unsec. Gtd. Notes, 5.30%, 10/25/42^(b)		250,000		247,541
		5,249,450
Diversified REIT’s–0.26%
Qatari Diar Finance QSC (Qatar), Sr. Unsec. Gtd. Notes, 5.00%, 07/21/20^(b)		545,000		641,041
Drug Retail–1.68%
CVS Caremark Corp., Sr. Unsec. Global Notes, 2.75%, 12/01/22		670,000		672,161
CVS Pass Through Trust, Sec. Global Pass Through Ctfs., 6.04%, 12/10/28		1,265,798		1,500,994
Sr. Sec. Mortgage Pass Through Ctfs., 5.77%, 01/10/33^(b)		1,616,204		1,938,321
				4,111,476
Electric Utilities–3.19%
Appalachian Power Co., Sr. Unsec. Floating Rate Notes, 0.69%, 08/16/13^(d)		1,000,000		1,001,631
DCP Midstream LLC, Sr. Unsec. Notes, 9.70%, 12/01/13^(b)		1,500,000		1,608,445
Enel Finance International N.V. (Italy), Sr. Unsec. Gtd. Notes, 5.13%, 10/07/19^(b)		820,000		852,494
Entergy Gulf States Louisiana LLC, Sec. First Mortgage Bonds, 5.59%, 10/01/24		650,000		767,228

Mississippi Power Co.-Series 12, Class A, Sr. Unsec. Notes, 4.25%, 03/15/42		610,000		645,280

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Electric Utilities–(continued)
NextEra Energy Capital Holdings Inc., Sr. Unsec. Gtd. Notes, 1.20%, 06/01/15	$	250,000	$	251,554
Ohio Power Co.-Series M, Sr. Unsec. Notes, 5.38%, 10/01/21		350,000		433,183
Southern Co. (The)-Series A, Sr. Unsec. Notes, 2.38%, 09/15/15		400,000		419,112
Southern Power Co.-Series D, Sr. Unsec. Global Notes, 4.88%, 07/15/15		1,175,000		1,292,152
System Energy Resources Inc., Sec. First Mortgage Bonds, 4.10%, 04/01/23		500,000		527,426

				7,798,505

Electrical Components & Equipment–0.04%
Belden Inc., Sr. Unsec. Gtd. Sub. Notes, 5.50%, 09/01/22^(b)		40,000		40,900
General Cable Corp., Sr. Unsec. Gtd. Notes, 5.75%, 10/01/22^(b)		30,000		30,525
Polypore International Inc., Sr. Unsec. Gtd. Global Notes, 7.50%, 11/15/17		30,000		32,625

				104,050

Electronic Components–0.69%
Corning, Inc., Sr. Unsec. Notes, 4.75%, 03/15/42		1,600,000		1,679,102
Electronic Manufacturing Services–0.03%
Sanmina Corp., Sr. Unsec. Gtd. Notes, 7.00%, 05/15/19^(b)		70,000		70,613
Environmental & Facilities Services–0.51%
Clean Harbors Inc., Sr. Unsec. Gtd. Notes, 5.13%, 06/01/21^(b)		20,000		20,550
Waste Management, Inc.,
Sr. Unsec. Gtd. Notes,
4.60%, 03/01/21		481,000		551,054
5.00%, 03/15/14		645,000		680,171

				1,251,775

Forest Products–0.02%
Millar Western Forest Products Ltd. (Canada), Sr. Unsec. Global Notes, 8.50%, 04/01/21		45,000		39,375
Gas Utilities–0.12%
AmeriGas Finance LLC/Corp., Sr. Unsec. Gtd. Global Notes, 7.00%, 05/20/22		55,000		59,950
Ferrellgas L.P./Ferrellgas Finance Corp., Sr. Unsec. Global Notes, 6.50%, 05/01/21		85,000		82,875


	Principal Amount		Value
Gas Utilities–(continued)
Suburban Propane Partners, L.P./Suburban Energy Finance Corp.,
Sr. Unsec. Notes,
7.38%, 03/15/20	$	115,000	$	123,050
7.38%, 08/01/21^(b)		37,000		39,868

				305,743

General Merchandise Stores–0.12%
Dollar General Corp., Sr. Unsec. Gtd. Global Notes, 4.13%, 07/15/17		275,000		290,125
Gold–2.70%
Barrick Gold Corp. (Canada), Sr. Unsec. Global Notes, 3.85%, 04/01/22		355,000		377,514
Barrick North America Finance LLC (Canada), Sr. Unsec. Gtd. Global Notes, 5.70%, 05/30/41		750,000		874,152
Gold Fields Orogen Holding BVI Ltd. (South Africa), Sr. Unsec. Gtd. Notes, 4.88%, 10/07/20^(b)		1,000,000		956,741
Kinross Gold Corp. (Canada),
Sr. Unsec. Gtd. Global Notes,
5.13%, 09/01/21		300,000		312,910
6.88%, 09/01/41		700,000		713,988
Newcrest Finance Pty Ltd. (Australia), Sr. Unsec. Gtd. Notes, 5.75%, 11/15/41^(b)		360,000		387,674
Newmont Mining Corp.,
Sr. Unsec. Gtd. Global Notes,
3.50%, 03/15/22		1,125,000		1,166,260
4.88%, 03/15/42		1,195,000		1,258,206
Sr. Unsec. Gtd. Notes,
6.25%, 10/01/39		475,000		572,852

				6,620,297

Health Care Distributors–0.55%
AmerisourceBergen Corp., Sr. Unsec. Gtd. Notes, 3.50%, 11/15/21		1,250,000		1,355,633
Health Care Equipment–0.04%
Biomet Inc.,
Sr. Unsec. Gtd. Notes,
6.50%, 08/01/20^(b)		15,000		15,750
Sr. Unsec. Gtd. Sub. Notes,
6.50%, 10/01/20^(b)		25,000		24,875
DJO Finance LLC/Corp.,
Sr. Unsec. Gtd. Global Notes,
7.75%, 04/15/18		5,000		4,750
Sr. Unsec. Gtd. Sub. Global Notes,
9.75%, 10/15/17		65,000		56,875

				102,250


See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Health Care Facilities–0.17%
HCA, Inc., Sr. Sec. Gtd. Global Notes, 5.88%, 03/15/22	$	35,000	$	38,150
7.88%, 02/15/20		60,000		67,500
Sr. Unsec. Gtd. Global Notes, 5.88%, 05/01/23		60,000		62,100
HealthSouth Corp., Sr. Unsec. Gtd. Notes, 5.75%, 11/01/24		15,000		15,187
7.25%, 10/01/18		36,000		39,060
7.75%, 09/15/22		18,000		19,755
Radiation Therapy Services Inc., Sr. Sec. Gtd. Global Notes, 8.88%, 01/15/17		60,000		59,700
Tenet Healthcare Corp., Sr. Sec. Gtd. Notes, 4.75%, 06/01/20^(b)		5,000		5,038
Sr. Unsec. Global Notes, 8.00%, 08/01/20		55,000		58,850
Sr. Unsec. Notes, 6.75%, 02/01/20^(b)		45,000		45,337

				410,677

Health Care Services–0.21%
Express Scripts Holding Co., Sr. Unsec. Gtd. Notes, 3.13%, 05/15/16		445,000		470,152
Prospect Medical Holdings Inc., Sr. Sec. Notes, 8.38%, 05/01/19^(b)		40,000		42,000

				512,152

Health Care Technology–0.04%
MedAssets Inc., Sr. Unsec. Gtd. Global Notes, 8.00%, 11/15/18		85,000		92,438
Homebuilding–0.21%
Beazer Homes USA Inc., Sr. Unsec. Gtd. Global Notes, 6.88%, 07/15/15		35,000		35,044
8.13%, 06/15/16		57,000		61,275
K. Hovnanian Enterprises Inc., Sr. Sec. Gtd. Notes, 7.25%, 10/15/20(b)		60,000		64,950
Sr. Unsec. Gtd. Global Notes,
6.25%, 01/15/16		60,000		57,450
Sr. Unsec. Gtd. Notes,
11.88%, 10/15/15		10,000		10,825
Lennar Corp., Sr. Unsec. Gtd. Global Notes, 6.95%, 06/01/18		62,000		70,060
M/I Homes Inc., Sr. Unsec. Gtd. Global Notes, 8.63%, 11/15/18		65,000		70,525
Meritage Homes Corp., Sr. Unsec. Gtd. Global Notes, 7.00%, 04/01/22		20,000		21,700
Ryland Group Inc. (The), Sr. Unsec. Gtd. Notes, 5.38%, 10/01/22		30,000		30,750


	Principal Amount		Value
Homebuilding–(continued)
Taylor Morrison Communities Inc./ Monarch Communities Inc., Sr. Unsec. Gtd. Notes, 7.75%, 04/15/20^(b)	$	65,000	$	68,900
Toll Brothers Finance Corp., Sr. Unsec. Gtd. Notes, 5.88%, 02/15/22		20,000		22,750

				514,229

Hotels, Resorts & Cruise Lines–0.42%
Carnival Corp., Sr. Unsec. Gtd Global Notes, 1.88%, 12/15/17		435,000		437,646
Choice Hotels International, Inc., Sr. Unsec. Gtd. Notes, 5.75%, 07/01/22		5,000		5,481
Hyatt Hotels Corp., Sr. Unsec. Notes, 6.88%, 08/15/19^(b)		155,000		184,108
Royal Caribbean Cruises Ltd., Sr. Unsec. Global Notes, 5.25%, 11/15/22		260,000		273,650
7.50%, 10/15/27		100,000		113,000
Wyndham Worldwide Corp., Sr. Unsec. Global Notes, 6.00%, 12/01/16		9,000		10,251

				1,024,136

Household Products–0.05%
Central Garden & Pet Co., Sr. Unsec. Gtd. Sub. Notes, 8.25%, 03/01/18		74,000		78,255
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC, Sr. Sec. Gtd. Notes, 5.75%, 10/15/20^(b)		40,000		41,050

				119,305

Housewares & Specialties–0.02%
American Greetings Corp., Sr. Unsec. Gtd. Notes, 7.38%, 12/01/21		45,000		47,137
Spectrum Brands Escrow Corp., Sr. Unsec. Notes, 6.38%, 11/15/20^(b)		5,000		5,169

				52,306

Independent Power Producers & Energy Traders–0.15%
AES Corp. (The), Sr. Unsec. Global Notes, 8.00%, 10/15/17		95,000		108,775
Calpine Corp., Sr. Sec. Gtd. Notes, 7.25%, 10/15/17^(b)		54,000		57,915
7.50%, 02/15/21^(b)		54,000		59,670
NRG Energy Inc., Sr. Unsec. Gtd. Global Notes, 7.63%, 01/15/18		65,000		71,987
Sr. Unsec. Gtd. Notes,
6.63%, 03/15/23^(b)		15,000		15,750
Red Oak Power LLC-Series A, Sr. Sec. Bonds, 8.54%, 11/30/19		58,027		63,395

				377,492

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Industrial Conglomerates–1.57%
General Electric Capital Corp., Sr. Unsec. Medium-Term Global Notes, 4.65%, 10/17/21	$	600,000	$	680,683
5.50%, 01/08/20		320,000		381,740
General Electric Co., Sr. Unsec. Global Notes, 2.70%, 10/09/22		360,000		366,624
Hutchison Whampoa International Ltd. (Hong Kong), Unsec. Gtd. Sub. Notes, 6.00%^(b)(e)		2,290,000		2,410,225

				3,839,272

Industrial Machinery–1.09%
Actuant Corp., Sr. Unsec. Gtd. Global Notes, 5.63%, 06/15/22		20,000		20,700
Cleaver-Brooks Inc., Sr. Sec. Notes, 12.25%, 05/01/16^(b)		29,000		32,045
Mcron Finance Sub LLC/Mcron Finance Corp., Sr. Sec. Notes, 8.38%, 05/15/19^(b)		10,000		10,300
Pentair Finance S.A. (Luxembourg), Sr. Unsec. Gtd. Notes, 1.35%, 12/01/15^(b)		1,190,000		1,194,794
Pentair, Ltd., Sr. Unsec. Gtd. Notes, 5.00%, 05/15/21		710,000		809,970
Tyco Flow Control International, Sr. Unsec. Gtd. Notes, 3.15%, 09/15/22^(b)		605,000		610,457

				2,678,266

Insurance Brokers–0.01%
Hub International Ltd., Sr. Unsec. Gtd. Notes, 8.13%, 10/15/18^(b)		25,000		26,125
Integrated Oil & Gas–1.66%
Gazprom OAO Via Gaz Capital S.A. (Russia), Sr. Unsec. Loan Participation Notes, 6.51%, 03/07/22^(b)		265,000		314,953
Hess Corp., Sr. Unsec. Global Notes, 5.60%, 02/15/41		450,000		535,406
Lukoil International Finance B.V. (Russia), Sr. Unsec. Gtd. Notes, 6.13%, 11/09/20^(b)		960,000		1,093,230
Northern Tier Energy LLC/ Northern Tier Finance Corp., Sr. Sec. Gtd. Notes, 7.13%, 11/15/20^(b)		10,000		10,100
Petroleos Mexicanos (Mexico), Sr. Unsec. Gtd. Global Notes, 5.50%, 01/21/21		630,000		736,975
Total Capital International S.A. (France), Sr. Unsec. Gtd. Global Notes, 1.50%, 02/17/17		1,350,000		1,372,819

				4,063,483


	Principal Amount		Value
Integrated Telecommunication Services–2.58%
AT&T Corp., Sr. Unsec. Gtd. Global Notes, 8.00%, 11/15/31	$	86,000	$	134,039
AT&T Inc., Sr. Unsec. Global Notes, 1.70%, 06/01/17		655,000		667,912
2.95%, 05/15/16		370,000		393,369
4.45%, 05/15/21		190,000		221,944
6.15%, 09/15/34		500,000		635,103
Deutsche Telekom International Finance B.V. (Germany), Sr. Unsec. Gtd. Global Bonds, 8.75%, 06/15/30		440,000		665,248
Sr. Unsec. Gtd. Global Notes,
6.00%, 07/08/19		150,000		185,103
Sr. Unsec. Gtd. Notes, 4.88%, 03/06/42^(b)		1,000,000		1,064,002
6.75%, 08/20/18		225,000		283,385
Qtel International Finance Ltd. (Qatar), Sr. Unsec. Gtd. Notes, 3.38%, 10/14/16^(b)		315,000		330,198
4.75%, 02/16/21^(b)		200,000		226,933
Telefonica Emisiones S.A. Unipersonal (Spain), Sr. Unsec. Gtd. Global Notes, 5.46%, 02/16/21		880,000		886,257
Verizon Communications, Inc., Sr. Unsec. Global Notes, 4.75%, 11/01/41		300,000		341,856
6.40%, 02/15/38		200,000		273,101

				6,308,450

Internet Retail–0.48%
Amazon.com Inc., Sr. Unsec. Global Notes, 2.50%, 11/29/22		1,190,000		1,182,972
Internet Software & Services–0.32%
Baidu Inc. (China), Sr. Unsec. Global Notes, 2.25%, 11/28/17		730,000		738,364
Equinix Inc., Sr. Unsec. Notes, 7.00%, 07/15/21		50,000		55,313

				793,677

Investment Banking & Brokerage–3.45%
Charles Schwab Corp. (The)-Series A, Jr. Unsec. Sub. Notes, 7.00%,^(e)		1,165,000		1,322,275
Goldman Sachs Group, Inc. (The), Sr. Unsec. Global Notes, 5.25%, 07/27/21		565,000		644,382
5.75%, 01/24/22		230,000		273,267
Sr. Unsec. Medium-Term Global Notes, 3.70%, 08/01/15		615,000		648,985
Unsec. Sub. Global Notes,
6.75%, 10/01/37		310,000		348,386
Macquarie Group Ltd. (Australia), Sr. Unsec. Notes, 6.00%, 01/14/20^(b)		1,095,000		1,190,977

7.63%, 08/13/19^(b)		498,000		588,802

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Investment Banking & Brokerage–(continued)
Morgan Stanley,
Sr. Unsec. Global Notes,
4.00%, 07/24/15	$	1,000,000	$	1,045,396
6.38%, 07/24/42		835,000		970,490
Sr. Unsec. Notes,
3.45%, 11/02/15		1,000,000		1,033,108
Raymond James Financial, Inc., Sr. Unsec. Notes, 4.25%, 04/15/16		370,000		391,116

				8,457,184


Leisure Facilities–0.00%
Speedway Motorsports Inc., Sr. Unsec. Gtd. Global Notes, 6.75%, 02/01/19		10,000		10,550

Leisure Products–0.04%
Toys R Us-Delaware Inc., Sr. Sec. Gtd. Notes, 7.38%, 09/01/16(b)		90,000		91,913

Life & Health Insurance–4.29%
Aegon N.V. (Netherlands), Sr. Unsec. Global Bonds, 4.63%, 12/01/15		650,000		713,232
Forethought Financial Group, Inc., Sr. Unsec. Notes, 8.63%, 04/15/21(b)		950,000		1,205,840
MetLife, Inc.,
Jr. Unsec. Sub. Global Notes,
10.75%, 08/01/39		785,000		1,204,975
Sr. Unsec. Global Notes,
4.13%, 08/13/42		390,000		390,578
Series A,
Sr. Unsec. Notes,
6.82%, 08/15/18		50,000		63,117
Nationwide Financial Services, Inc., Sr. Unsec. Notes, 5.38%, 03/25/21^(b)		1,645,000		1,777,247
Pacific LifeCorp., Sr. Unsec. Notes, 6.00%, 02/10/20^(b)		1,150,000		1,283,383
Prudential Financial, Inc.,
Series C,
Sr. Unsec. Medium-Term Notes,
5.40%, 06/13/35		1,500,000		1,652,435
Series D,
Sr. Unsec. Medium-Term Notes,
4.75%, 09/17/15		820,000		903,563
6.63%, 12/01/37		390,000		495,232
7.38%, 06/15/19		645,000		822,916

				10,512,518


Life Sciences Tools & Services–0.30%
Life Technologies Corp., Sr. Unsec. Notes, 6.00%, 03/01/20		610,000		727,684


	Principal Amount		Value
Managed Health Care–1.69%
Cigna Corp.,
Sr. Unsec. Global Notes,
5.38%, 02/15/42	$	890,000	$	1,035,699
Sr. Unsec. Notes,
4.50%, 03/15/21		435,000		486,135
5.88%, 03/15/41		350,000		435,274
UnitedHealth Group Inc.,
Sr. Unsec. Global Notes,
2.75%, 02/15/23		665,000		677,934
Sr. Unsec. Notes,
5.95%, 02/15/41		590,000		750,731
Wellpoint Inc., Sr. Unsec. Global Notes, 1.25%, 09/10/15		750,000		755,787

				4,141,560


Marine–0.01%
Navios Maritime Acquisition Corp./Navios Acquisition Finance U.S. Inc., Sr. Sec. Gtd. Global Notes, 8.63%, 11/01/17		20,000		18,950

Movies & Entertainment–0.46%
AMC Entertainment Inc., Sr. Unsec. Gtd. Global Notes, 8.75%, 06/01/19		115,000		126,788
Live Nation Entertainment Inc., Sr. Unsec. Gtd. Notes, 7.00%, 09/01/20^(b)		80,000		83,600
NAI Entertainment Holdings LLC, Sr. Sec. Gtd. Notes, 8.25%, 12/15/17^(b)		67,000		74,370
Time Warner, Inc., Sr. Unsec. Gtd. Deb., 6.50%, 11/15/36		675,000		851,218

				1,135,976


Multi-Line Insurance–0.65%
American Financial Group, Inc., Sr. Unsec. Notes, 9.88%, 06/15/19		1,055,000		1,383,673
Fairfax Financial Holdings Ltd. (Canada), Sr. Unsec. Notes, 5.80%, 05/15/21^(b)		2,000		2,061
Hartford Financial Services Group Inc. (The), Jr. Unsec. Sub. Deb., 8.13%, 06/15/38		55,000		63,113
Liberty Mutual Group Inc., Jr. Unsec. Gtd. Sub. Bonds, 7.80%, 03/15/37^(b)		100,000		111,750
Nationwide Mutual Insurance Co., Unsec. Sub. Notes, 9.38%, 08/15/39^(b)		25,000		35,738

				1,596,335


Multi-Utilities–1.01%
Abu Dhabi National Energy Co. (United Arab Emirates), Sr. Unsec. Notes, 4.13%, 03/13/17^(b)		800,000		852,779
Consumers Energy Co., Sr. Sec. First Mortgage Bonds, 5.80%, 09/15/35		480,000		637,232

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Multi-Utilities–(continued)
Dominion Resources, Inc., Sr. Unsec. Notes, 2.25%, 09/01/15	$	500,000	$	519,921
Wisconsin Public Service Corp., Sec. First Mortgage Bonds, 3.67%, 12/01/42		475,000		473,279

				2,483,211


Office REIT’s–0.67%
Digital Realty Trust L.P., Sr. Unsec. Gtd. Global Notes, 4.50%, 07/15/15		1,525,000		1,631,710

Office Services & Supplies–0.76%
Steelcase, Inc., Sr. Unsec. Notes, 6.38%, 02/15/21		1,730,000		1,866,115

Oil & Gas Drilling–0.40%
Atwood Oceanics Inc., Sr. Unsec. Notes, 6.50%, 02/01/20		6,000		6,435
Precision Drilling Corp. (Canada), Sr. Unsec. Gtd. Global Notes, 6.50%, 12/15/21		55,000		57,612
Transocean Inc., Sr. Unsec. Gtd. Global Notes, 4.95%, 11/15/15		835,000		914,963

				979,010


Oil & Gas Equipment & Services–0.08%
Bristow Group, Inc., Sr. Unsec. Gtd. Notes, 6.25%, 10/15/22		35,000		37,056
Gulfmark Offshore Inc., Sr. Unsec. Notes, 6.38%, 03/15/22(b)		20,000		20,700
Key Energy Services, Inc., Sr. Unsec. Gtd. Notes, 6.75%, 03/01/21		100,000		100,500
SESI, LLC, Sr. Unsec. Gtd. Global Notes, 6.38%, 05/01/19		30,000		32,166
				190,422

Oil & Gas Exploration & Production–3.99%
Access Midstream Partners L.P./ACMP Finance Corp.,
Sr. Unsec. Gtd. Global Notes,
5.88%, 04/15/21		75,000		78,563
6.13%, 07/15/22		5,000		5,325
Anadarko Petroleum Corp.,
Sr. Unsec. Global Notes,
5.95%, 09/15/16		1,385,000		1,606,106
Sr. Unsec. Notes,
7.63%, 03/15/14		750,000		812,761
Apache Corp., Sr. Unsec. Global Notes, 4.75%, 04/15/43		620,000		680,890
Berry Petroleum Co.,
Sr. Unsec. Notes,
6.38%, 09/15/22		25,000		25,750
6.75%, 11/01/20		35,000		37,625
Chaparral Energy Inc.,
Sr. Unsec. Gtd. Global Notes,
7.63%, 11/15/22		45,000		46,350
8.25%, 09/01/21		95,000		102,600


	Principal Amount		Value
Oil & Gas Exploration & Production–(continued)
Chesapeake Energy Corp.,
Sr. Unsec. Gtd. Global Notes,
6.88%, 11/15/20	$	25,000	$	26,406
Sr. Unsec. Gtd. Notes,
6.13%, 02/15/21		5,000		5,081
6.63%, 08/15/20		102,000		107,227
Cimarex Energy Co., Sr. Unsec. Gtd. Notes, 5.88%, 05/01/22		70,000		75,250
Continental Resources Inc.,
Sr. Unsec. Gtd. Global Notes,
7.13%, 04/01/21		50,000		56,625
8.25%, 10/01/19		45,000		50,794
Empresa Nacional del Petroleo (Chile), Sr. Unsec. Notes, 5.25%, 08/10/20^(b)		365,000		401,187
Encana Corp. (Canada), Sr. Unsec. Global Notes, 6.50%, 02/01/38		945,000		1,170,746
EOG Resources Inc., Sr. Unsec. Notes, 4.10%, 02/01/21		475,000		546,512
EV Energy Partners L.P./EV Energy Finance Corp., Sr. Unsec. Gtd. Global Notes, 8.00%, 04/15/19		45,000		47,700
EXCO Resources Inc., Sr. Unsec. Gtd. Notes, 7.50%, 09/15/18		109,000		102,732
Forest Oil Corp., Sr. Unsec. Gtd. Global Notes, 7.25%, 06/15/19		55,000		55,206
Halcon Resources Corp., Sr. Unsec. Gtd. Notes, 8.88%, 05/15/21^(b)		85,000		88,613
Laredo Petroleum Inc., Sr. Unsec. Gtd. Global Notes, 7.38%, 05/01/22		8,000		8,700
McMoRan Exploration Co., Sr. Unsec. Gtd. Notes, 11.88%, 11/15/14		70,000		70,831
Newfield Exploration Co., Sr. Unsec. Sub. Global Notes, 7.13%, 05/15/18		65,000		68,819
Noble Energy Inc., Sr. Unsec. Global Notes, 4.15%, 12/15/21		685,000		752,412
Oasis Petroleum Inc., Sr. Unsec. Gtd. Global Notes, 6.88%, 01/15/23		30,000		31,950
Petrobras International Finance Co. (Brazil),
Sr. Unsec. Gtd. Global Notes,
3.50%, 02/06/17		735,000		773,088
5.75%, 01/20/20		410,000		468,434
Plains Exploration & Production Co.,
Sr. Unsec. Gtd. Notes,
6.50%, 11/15/20		30,000		30,788
7.63%, 06/01/18		120,000		128,100
QEP Resources Inc.,
Sr. Unsec. Global Notes,
5.25%, 05/01/23		25,000		26,375
Sr. Unsec. Notes,
5.38%, 10/01/22		53,000		56,048
Range Resources Corp.,
Sr. Unsec. Gtd. Sub. Notes,
5.00%, 08/15/22		12,000		12,570
5.75%, 06/01/21		80,000		85,400

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Oil & Gas Exploration & Production–(continued)
SM Energy Co., Sr. Unsec. Global Notes, 6.50%, 11/15/21	$	30,000	$	31,800
6.63%, 02/15/19		120,000		126,600
Southwestern Energy Co., Sr. Unsec. Gtd. Notes, 4.10%, 03/15/22^(b)		800,000		863,850
Whiting Petroleum Corp., Sr. Unsec. Gtd. Sub. Notes, 6.50%, 10/01/18		60,000		64,875
WPX Energy Inc., Sr. Unsec. Global Notes, 6.00%, 01/15/22		35,000		37,625

				9,768,314


Oil & Gas Refining & Marketing–0.74%
Crosstex Energy, L.P./Crosstex Energy Finance Corp., Sr. Unsec. Gtd. Notes, 7.13%, 06/01/22^(b)		15,000		15,300
Phillips 66, Sr. Unsec. Gtd. Notes, 2.95%, 05/01/17^(b)		1,240,000		1,322,959
Tesoro Corp., Sr. Unsec. Gtd. Notes, 5.38%, 10/01/22		20,000		20,850
Tesoro Logistics L.P./Tesoro Logistics Finance Corp., Sr. Unsec. Notes, 5.88%, 10/01/20^(b)		25,000		26,063
United Refining Co., Sr. Sec. Gtd. Global Notes, 10.50%, 02/28/18		35,000		38,325
Valero Energy Corp., Sr. Unsec. Gtd. Global Notes, 6.63%, 06/15/37		325,000		395,165

				1,818,662


Oil & Gas Storage & Transportation–2.52%
Atlas Pipeline Partners L.P./Atlas Pipeline Finance Corp., Sr. Unsec. Gtd. Notes, 6.63%, 10/01/20^(b)		15,000		15,600
Copano Energy LLC/Copano Energy Finance Corp., Sr. Unsec. Gtd. Notes, 7.13%, 04/01/21		115,000		121,613
Eagle Rock Energy Partners L.P./Eagle Rock Energy Finance Corp., Sr. Unsec. Gtd. Notes, 8.38%, 06/01/19^(b)		25,000		25,250
El Paso Pipeline Partners Operating Co. LLC, Sr. Unsec. Gtd. Notes, 4.70%, 11/01/42		365,000		358,818
Energy Transfer Equity L.P., Sr. Sec. Gtd. Notes, 7.50%, 10/15/20		63,000		71,741
Energy Transfer Partners L.P., Sr. Unsec. Global Notes, 6.05%, 06/01/41		690,000		766,069
Enterprise Products Operating LLC, Sr. Unsec. Gtd. Global Notes, 5.25%, 01/31/20		300,000		358,185
Sr. Unsec. Gtd. Notes,
6.45%, 09/01/40		1,250,000		1,560,697
Series G,
Sr. Unsec. Gtd. Global Notes,
5.60%, 10/15/14		720,000		782,378


	Principal Amount		Value
Oil & Gas Storage & Transportation–(continued)
Inergy Midstream L.P./NRGM Finance Corp., Sr. Unsec. Gtd. Notes, 6.00%, 12/15/20^(b)	$	30,000	$	30,600
MarkWest Energy Partners L.P./MarkWest Energy Finance Corp., Sr. Unsec. Gtd. Notes, 5.50%, 02/15/23		25,000		26,563
6.25%, 06/15/22		30,000		32,850
6.50%, 08/15/21		85,000		92,863
Plains All American Pipeline L.P./ PAA Finance Corp., Sr. Unsec. Global Notes, 3.65%, 06/01/22		185,000		197,818
Regency Energy Partners L.P. Regency Energy Finance Corp., Sr. Unsec. Gtd. Notes, 6.88%, 12/01/18		95,000		103,431
Spectra Energy Capital LLC, Sr. Unsec. Gtd. Global Notes, 8.00%, 10/01/19		225,000		293,231
Sr. Unsec. Gtd. Notes,
5.67%, 08/15/14		500,000		539,330
Targa Resources Partners L.P./Targa Resources Partners Finance Corp.,
Sr. Unsec. Gtd. Global Notes,
6.88%, 02/01/21		95,000		103,906
Sr. Unsec. Gtd. Notes,
6.38%, 08/01/22^(b)		15,000		16,313
Teekay Corp. (Canada), Sr. Unsec. Global Notes, 8.50%, 01/15/20		40,000		42,400
Texas Eastern Transmission L.P., Sr. Unsec. Notes, 7.00%, 07/15/32		455,000		622,857

				6,162,513


Other Diversified Financial Services–2.94%
Bank of America Corp., Sr. Unsec. Global Notes, 3.70%, 09/01/15		500,000		531,185
Series L,
Sr. Unsec. Medium-Term Global Notes,
5.65%, 05/01/18		500,000		580,446
Bear Stearns Cos., LLC (The),
Sr. Unsec. Global Notes,
7.25%, 02/01/18		680,000		849,513
Unsec. Sub. Notes,
5.55%, 01/22/17		1,030,000		1,161,183
Citigroup Inc.-Series A, Jr. Unsec. Sub. Global Notes, 5.95%^(e)		690,000		705,525
ERAC USA Finance LLC, Sr. Unsec. Gtd. Notes, 2.75%, 07/01/13^(b)		555,000		560,925
ING US Inc. (Netherlands), Sr. Unsec. Gtd. Notes, 5.50%, 07/15/22^(b)		905,000		982,856
JPMorgan Chase & Co.,
Sr. Unsec. Global Notes,
3.25%, 09/23/22		535,000		551,650
3.45%, 03/01/16		270,000		287,645

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Other Diversified Financial Services–(continued)
Merrill Lynch & Co., Inc., Unsec. Sub. Global Notes, 7.75%, 05/14/38	$	765,000	$	995,760

				7,206,688


Packaged Foods & Meats–1.25%
Del Monte Corp., Sr. Unsec. Gtd. Global Notes, 7.63%, 02/15/19		45,000		46,350
Mondelez International Inc.,
Sr. Unsec. Global Notes,
6.88%, 02/01/38		1,255,000		1,737,290
Sr. Unsec. Notes,
6.88%, 01/26/39		850,000		1,183,611
Post Holdings Inc., Sr. Unsec. Gtd. Notes, 7.38%, 02/15/22^(b)		80,000		86,200

				3,053,451


Paper Packaging–0.17%
Cascades Inc. (Canada), Sr. Unsec. Gtd. Global Notes, 7.88%, 01/15/20		45,000		47,812
Rock-Tenn Co., Sr. Unsec. Gtd. Notes, 4.00%, 03/01/23^(b)		370,000		376,754

				424,566


Paper Products–0.39%
Boise Cascade LLC/Boise Cascade Finance Corp., Sr. Unsec. Notes, 6.38%, 11/01/20^(b)		5,000		5,100
Clearwater Paper Corp., Sr. Unsec. Gtd. Global Notes, 7.13%, 11/01/18		40,000		43,600
International Paper Co.,
Sr. Unsec. Global Notes,
4.75%, 02/15/22		280,000		318,074
6.00%, 11/15/41		405,000		491,041
Mercer International Inc., Sr. Unsec. Gtd. Global Notes, 9.50%, 12/01/17		80,000		85,400
NewPage Corp., Sr. Sec. Gtd. Global Notes, 11.38%, 12/31/14^(c)		45,000		21,937

				965,152


Personal Products–0.28%
Estee Lauder Cos. Inc. (The), Sr. Unsec. Global Notes, 3.70%, 08/15/42		610,000		604,838
NBTY Inc., Sr. Unsec. Gtd. Global Notes, 9.00%, 10/01/18		70,000		79,450

				684,288


Pharmaceuticals–1.36%
AbbVie Inc., Sr. Unsec. Gtd. Notes, 1.20%, 11/06/15^(b)		1,885,000		1,896,563
Endo Health Solutions Inc., Sr. Unsec. Gtd. Global Notes, 7.00%, 12/15/20		20,000		21,400


	Principal Amount		Value
Pharmaceuticals–(continued)
Watson Pharmaceuticals Inc.,
Sr. Unsec. Global Notes,
1.88%, 10/01/17	$	700,000	$	711,931
4.63%, 10/01/42		500,000		525,648
Wyeth LLC, Sr. Unsec. Gtd. Notes, 6.45%, 02/01/24		120,000		165,222

				3,320,764


Property & Casualty Insurance–1.81%
CNA Financial Corp., Sr. Unsec. Notes, 7.35%, 11/15/19		1,100,000		1,384,802
QBE Capital Funding III Ltd. (Australia), Unsec. Gtd. Sub. Notes, 7.25%, 05/24/41^(b)		1,500,000		1,545,000
W.R. Berkley Corp., Sr. Unsec. Notes, 7.38%, 09/15/19		600,000		735,411
XL Group PLC (Ireland), Sr. Unsec. Global Notes, 5.25%, 09/15/14		710,000		756,842

				4,422,055


Railroads–1.18%
Canadian Pacific Railway Co. (Canada), Sr. Unsec. Notes, 4.45%, 03/15/23		225,000		251,710
CSX Corp.,
Sr. Unsec. Global Notes,
6.15%, 05/01/37		770,000		988,636
Sr. Unsec. Notes,
5.50%, 04/15/41		1,350,000		1,637,693

				2,878,039


Real Estate Services–0.01%
CB Richard Ellis Services Inc., Sr. Unsec. Gtd. Global Notes, 6.63%, 10/15/20		32,000		35,120

Regional Banks–1.88%
CIT Group Inc.,
Sr. Unsec. Global Notes,
5.00%, 08/15/22		15,000		15,806
5.25%, 03/15/18		95,000		101,056
Sr. Unsec. Notes,
5.00%, 05/15/17		15,000		15,788
5.50%, 02/15/19(b)		155,000		165,462
Fifth Third Bancorp,
Sr. Unsec. Notes,
3.50%, 03/15/22		750,000		793,060
Unsec. Sub. Notes,
4.50%, 06/01/18		580,000		644,199
First Niagara Financial Group Inc., Unsec. Sub. Notes, 7.25%, 12/15/21		340,000		406,423
Nationwide Building Society (United Kingdom), Sr. Unsec. Notes, 6.25%, 02/25/20^(b)		1,030,000		1,222,113
PNC Bank N.A., Sub. Notes, 2.70%, 11/01/22		1,015,000		1,016,481

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Regional Banks–(continued)
Regions Financial Corp., Unsec. Sub. Notes, 7.38%, 12/10/37	$	85,000	$	92,225
Synovus Financial Corp., Sr. Unsec. Global Notes, 7.88%, 02/15/19		35,000		38,588
Unsec. Sub. Global Notes, 5.13%, 06/15/17		100,000		97,000

				4,608,201


Research & Consulting Services–0.51%
FTI Consulting Inc., Sr. Unsec. Gtd. Global Notes, 6.75%, 10/01/20		60,000		64,200
Novant Health, Inc.-Series 2009 A, Unsec. Bonds, 5.85%, 11/01/19		1,000,000		1,183,904

				1,248,104


Residential REIT’s–0.39%
Essex Portfolio L.P., Unsec. Gtd. Notes, 3.63%, 08/15/22^(b)		940,000		950,142

Retail REIT’s–1.01%
Realty Income Corp., Sr. Unsec. Notes, 2.00%, 01/31/18		935,000		940,112
3.25%, 10/15/22		600,000		594,361
Simon Property Group L.P., Sr. Unsec. Notes, 4.75%, 03/15/42		290,000		313,773
WEA Finance LLC (Australia), Sr. Unsec. Gtd. Notes, 7.13%, 04/15/18^(b)		500,000		615,914

				2,464,160


Semiconductor Equipment–0.08%
Amkor Technology Inc., Sr. Unsec. Global Notes, 6.63%, 06/01/21		120,000		117,900
Sensata Technologies B.V. (Luxembourg), Sr. Unsec. Gtd. Notes, 6.50%, 05/15/19^(b)		70,000		74,200

				192,100

Semiconductors–0.08%
Freescale Semiconductor Inc., Sr. Sec. Gtd. Notes, 9.25%, 04/15/18^(b)		170,000		184,875
Soft Drinks–0.44%
Coca-Cola Enterprises, Inc., Sr. Unsec. Notes, 1.13%, 11/12/13		750,000		755,142
Dr. Pepper Snapple Group Inc., Sr. Unsec. Gtd. Global Notes, 2.00%, 01/15/20		335,000		334,497

				1,089,639


Sovereign Debt–0.23%
Mexico Government International Bond (Mexico), Sr. Unsec. Global Notes, 3.63%, 03/15/22		500,000		551,006


	Principal Amount		Value
Specialized Finance–2.52%
Air Lease Corp., Sr. Unsec. Global Notes, 5.63%, 04/01/17	$	80,000	$	84,000
Aircastle Ltd., Sr. Unsec. Global Notes, 6.75%, 04/15/17		110,000		117,150
7.63%, 04/15/20		25,000		27,406
Sr. Unsec. Notes, 6.25%, 12/01/19^(b)		10,000		10,250
International Lease Finance Corp., Sr. Sec. Gtd. Notes, 6.50%, 09/01/14^(b)		2,970,000		3,164,906
Sr. Unsec. Global Notes, 4.88%, 04/01/15		500,000		511,875
5.88%, 04/01/19		540,000		558,731
5.88%, 08/15/22		85,000		87,656
8.75%, 03/15/17		40,000		45,975
Sr. Unsec. Notes, 8.25%, 12/15/20		295,000		344,597
Moody’s Corp., Sr. Unsec. Notes, 5.50%, 09/01/20		1,080,000		1,216,501

				6,169,047


Specialized REIT’s–3.08%
American Tower Corp., Sr. Unsec. Global Notes, 4.63%, 04/01/15		820,000		876,371
Sr. Unsec. Notes, 4.50%, 01/15/18		1,115,000		1,226,443
EPR Properties, Sr. Unsec. Gtd. Global Notes, 7.75%, 07/15/20		1,250,000		1,456,445
HCP, Inc., Sr. Unsec. Notes, 3.75%, 02/01/16		265,000		281,474
Host Hotels & Resorts L.P., Sr. Unsec. Gtd. Global Notes, 6.00%, 11/01/20		50,000		55,125
Sr. Unsec. Global Notes, 5.25%, 03/15/22		35,000		38,456
MPT Operating Partnership L.P./MPT Finance Corp., Sr. Unsec. Gtd. Global Notes, 6.88%, 05/01/21		45,000		49,219
Omega Healthcare Investors, Inc., Sr. Unsec. Gtd. Global Notes, 6.75%, 10/15/22		20,000		22,100
Senior Housing Properties Trust, Sr. Unsec. Notes, 4.30%, 01/15/16		1,755,000		1,819,058
6.75%, 12/15/21		500,000		576,875
Ventas Realty L.P./Ventas Capital Corp., Sr. Unsec. Gtd. Notes, 4.25%, 03/01/22		130,000		139,520
4.75%, 06/01/21		895,000		989,531

				7,530,617


Specialty Chemicals–0.22%
Ashland Inc., Sr. Unsec. Notes, 4.75%, 08/15/22^(b)		15,000		15,450
Ferro Corp., Sr. Unsec. Notes, 7.88%, 08/15/18		58,000		52,780

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Principal Amount		Value
Specialty Chemicals–(continued)
PolyOne Corp., Sr. Unsec. Notes, 7.38%, 09/15/20	$	55,000	$	59,744
RPM International Inc., Sr. Unsec. Global Notes, 3.45%, 11/15/22		420,000		416,404

				544,378


Specialty Stores–0.03%
Michaels Stores Inc., Sr. Unsec. Gtd. Global Notes, 7.75%, 11/01/18		70,000		76,300

Steel–0.74%
ArcelorMittal (Luxembourg),
Sr. Unsec. Global Bonds,
10.35%, 06/01/19		770,000		912,945
Sr. Unsec. Global Notes,
6.75%, 02/25/22		20,000		20,861
7.25%, 03/01/41		135,000		120,586
Steel Dynamics Inc., Sr. Unsec. Gtd. Notes, 6.13%, 08/15/19(b)		65,000		68,738
United States Steel Corp.,
Sr. Unsec. Global Notes,
7.50%, 03/15/22		20,000		20,550
Sr. Unsec. Notes,
7.00%, 02/01/18		40,000		41,300
Vale S.A. (Brazil), Sr. Unsec. Global Notes, 5.63%, 09/11/42		580,000		625,348

				1,810,328


Systems Software–0.02%
Systems Group Inc., Sec. Gtd. Notes, 10.50%, 11/15/16 (Acquired 12/20/10; Cost $71,575)^(b)		70,000		52,150

Technology Distributors–0.00%
Anixter Inc., Sr. Unsec. Gtd. Global Notes, 5.63%, 05/01/19		10,000		10,525

Tires & Rubber–0.02%
Cooper Tire & Rubber Co., Sr. Unsec. Notes, 8.00%, 12/15/19		50,000		56,375

Tobacco–1.08%
Altria Group, Inc.,
Sr. Unsec. Gtd. Global Notes,
4.13%, 09/11/15		1,000,000		1,090,899
4.75%, 05/05/21		935,000		1,062,413
9.70%, 11/10/18		340,000		480,880

				2,634,192


Trading Companies & Distributors–0.03%
Interline Brands, Inc., Sr. Unsec. Gtd. Global Notes, 7.50%, 11/15/18		40,000		43,400
United Rentals North America Inc.,
Sr. Sec. Gtd. Notes,
5.75%, 07/15/18(b)		5,000		5,400
Sr. Unsec. Global Notes,
8.25%, 02/01/21		25,000		28,063

				76,863


	Principal Amount		Value
Trucking–0.16%
Avis Budget Car Rental LLC/Avis Budget Finance Inc.,
Sr. Unsec. Gtd. Global Notes,
8.25%, 01/15/19	$	105,000	$	116,550
9.75%, 03/15/20		15,000		17,325
Hertz Corp. (The),
Sr. Unsec. Gtd. Global Notes,
6.75%, 04/15/19		80,000		86,800
7.38%, 01/15/21		55,000		60,087
7.50%, 10/15/18		75,000		82,500
Sr. Unsec. Gtd. Notes,
6.75%, 04/15/19^(b)		20,000		21,700

				384,962


Wireless Telecommunication Services–2.10%
Alltel Corp., Sr. Unsec. Notes, 7.00%, 03/15/16		1,185,000		1,417,634
America Movil S.A.B de C.V. (Mexico),
Sr. Unsec. Gtd. Global Notes,
6.13%, 03/30/40		565,000		747,950
Sr. Unsec. Global Notes,
4.38%, 07/16/42		620,000		643,488
Clearwire Communications LLC/Clearwire Finance, Inc., Sr. Sec. Gtd. Notes, 12.00%, 12/01/15^(b)		45,000		47,756
Cricket Communications, Inc., Sr. Unsec. Gtd. Global Notes, 7.75%, 10/15/20		166,000		173,055
Crown Castle Towers LLC, Sr. Sec. Gtd. Notes, 4.88%, 08/15/20^(b)		1,215,000		1,391,175
MetroPCS Wireless Inc.,
Sr. Unsec. Gtd. Notes,
6.63%, 11/15/20		85,000		90,950
7.88%, 09/01/18		35,000		37,822
SBA Communications Corp., Sr. Unsec. Notes, 5.63%, 10/01/19^(b)		35,000		36,050
Sprint Capital Corp.,
Sr. Unsec. Gtd. Global Notes,
6.88%, 11/15/28		105,000		108,544
6.90%, 05/01/19		75,000		81,000
Sprint Nextel Corp.,
Sr. Unsec. Global Notes,
6.00%, 11/15/22		50,000		50,625
7.00%, 08/15/20		20,000		21,750
11.50%, 11/15/21		15,000		20,175
Sr. Unsec. Gtd. Notes,
7.00%, 03/01/20^(b)		60,000		69,750
9.00%, 11/15/18^(b)		45,000		55,575
Wind Acquisition Finance S.A. (Italy), Sr. Sec. Gtd. Notes, 11.75%, 07/15/17^(b)		150,000		154,125

				5,147,424

Total U.S. Dollar Denominated Bonds and Notes (Cost $220,997,590)				240,633,793

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


	Shares		Value
Preferred Stocks–1.07%
Consumer Finance–0.00%
Ally Financial, Inc., Series G, 7.00% Pfd.(b)	7 $			6,816
Diversified Banks–0.44%
CoBank ACB, Series F, 6.25% Pfd.^(b)		10,000		1,021,250
Royal Bank of Scotland PLC (The) (United Kingdom), Series T, 7.25% Jr. Sub. Pfd.		1,960		47,216

				1,068,466

Multi-Line Insurance–0.05%
Hartford Financial Services Group Inc. (The), 7.88% Jr. Sub. Pfd.		4,135		115,242
Office REIT’s–0.01%
DuPont Fabros Technology, Inc., Series B, 7.63% Pfd.		560		15,092
Regional Banks–0.41%
PNC Financial Services Group Inc., Series P, 6.13% Pfd.		30,000		817,800
Zions Bancorp., Series C, 9.50% Pfd.		7,220		188,081

				1,005,881

Reinsurance–0.15%
Reinsurance Group of America, Inc., 6.20% Unsec. Sub. Pfd.		14,000		375,900
Tires & Rubber–0.01%
Goodyear Tire & Rubber Co. (The), $2.94 Conv. Pfd.		420		18,875
Total Preferred Stocks (Cost $2,469,792)				2,606,272

	Principal Amount
Asset-Backed Securities–0.90%
Bear Stearns Commercial Mortgage Securities-Series 2007-T26, Class A4, Variable Rate Pass Through Ctfs., 5.47%, 01/12/45^(d)	$	700,000		822,576
GS Mortgage Securities Corp. II-Series 2012-ALOH, Class B, Pass Through Ctfs., 4.05%, 04/10/34^(b)		500,000		546,279
Santander Drive Auto Receivables Trust-Series 2011-1, Class D, Pass Through Ctfs., 4.01%, 02/15/17		790,000		827,181
Total Asset-Backed Securities (Cost $1,888,913)				2,196,036
U.S. Treasury Securities–0.65%
U.S. Treasury Bills–0.08%
0.18%, 11/14/13^(f)^(g)		200,000		199,692


		Principal Amount		Value
U.S. Treasury Securities–(continued)
U.S. Treasury Notes–0.48%
2.00%, 02/15/22		$	1,130,000	$	1,181,982
U.S. Treasury Bonds–0.09%
3.13%, 11/15/41			200,000		214,802
Total U.S. Treasury Securities (Cost $1,550,519)					1,596,476
Municipal Obligations–0.42%
Alameda (County of), California Joint Powers Authority (Multiple Capital);-Series 2010 A, Lease RB, 7.05%, 12/01/44			530,000		676,784
Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4 Project J);-Series 2010 A, Taxable RB, 6.64%, 04/01/57			300,000		361,041
Total Municipal Obligations (Cost $849,500)					1,037,825
Non-U.S. Dollar Denominated Bonds & Notes–0.36%^(h)
Broadcasting–0.05%
Central European Media Enterprises Ltd. (Czech Republic)-REGS, Jr. Sec. Gtd. Euro Notes, 11.63%, 09/15/16^(b)	EUR		100,000		136,552
Casinos & Gaming–0.14%
Cirsa Funding Luxembourg S.A. (Spain)-REGS, Sr. Unsec. Gtd. Euro Notes, 8.75%, 05/15/18^(b)	EUR		100,000		125,173
Codere Finance Luxembourg S.A. (Spain)-REGS, Sr. Sec. Gtd. Euro Notes, 8.25%, 06/15/15^(b)	EUR		115,000		119,646
Gateway Casinos & Entertainment Ltd. (Canada), Sec. Gtd. Notes, 8.88%, 11/15/17^(b)	CAD		19,000		20,180
Great Canadian Gaming Corp. (Canada), Sr. Unsec. Gtd. Notes, 6.63%, 07/25/22^(b)	CAD		70,000		73,203

					338,202

Construction Materials–0.08%
Cemex Finance Europe B.V. (Mexico), Sr. Unsec. Gtd. Euro Notes, 4.75%, 03/05/14	EUR		50,000		66,163
Spie BondCo 3 SCA, (Luxembourg)-REGS, Sr. Unsec. Gtd. Medium-Term Euro Notes, 11.00%, 08/15/19^(b)	EUR		100,000		139,153

					205,316

Health Care Technology–0.03%
Cegedim S.A. (France), Sr. Unsec. Euro Bonds, 7.00%, 07/27/15	EUR		50,000		65,188

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund


		Principal Amount		Value
Investment Companies—Exchange Traded Funds–0.06%
Boparan Finance PLC (United Kingdom)-REGS, Sr. Unsec. Gtd. Euro Notes, 9.75%, 04/30/18(b)	EUR		100,000		145,006
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $870,124)					890,264
TOTAL INVESTMENTS–101.68% (Cost $228,626,438)					248,960,666
OTHER ASSETS LESS LIABILITIES–(1.68)%					(4,115,038	)
NET ASSETS–100.00%				$	244,845,628


Investment Abbreviations:

CAD		— Canadian Dollar
Conv.		— Convertible
Ctfs.		— Certificates
Deb.		— Debentures
EUR		— Euro
Gtd.		— Guaranteed
Jr.		— Junior
Pfd.		— Preferred
PIK		— Payment in Kind
RB		— Revenue Bonds
REGS		— Regulation S
REIT		— Real Estate Investment Trust
Sec.		— Secured
Sr.		— Senior
Sub.		— Subordinated
Unsec.		— Unsecured

Notes to Schedule of Investments:

(a)	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.

(b)

Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. 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 November 30, 2012 was $66,818,378, which represented 27.29% of the Fund’s Net Assets.

(c)	Defaulted security. Currently, the issuer is partially or fully in default with respect to interest payments. The aggregate value of these securities at November 30, 2012 was $116,887, which represented less than 1% of the Fund’s Net Assets.

(d)	Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2012.

(e)	Perpetual bond with no specified maturity date.

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

(g)	All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. See Note 1F and Note 3.

(h)	Foreign denominated security. Principal amount is denominated in currency indicated.

See accompanying notes which are an integral part of this schedule.

Invesco Bond Fund

Notes to Quarterly Schedule of Portfolio Holdings

November 30, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes 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. 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 (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid 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 by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Swap agreements are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service are valued based on a model which may include end of day net present values, spreads, ratings, industry, and company performance.

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 NYSE. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that the Adviser determines are significant and make the closing price unreliable, the Fund 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 using procedures approved by the Board of Trustees. 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 trade is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the approved 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 standards.

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 last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including corporate loans.

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. 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.

Invesco Bond Fund

A.	Security Valuations — (continued)

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions 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.

Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes.

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 Statement of Changes in Net Assets, or the net investment income per share and 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.

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 and the country that has the primary market for the issuer’s securities, 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.

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 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 Currency Contracts – The Fund may enter into foreign currency contracts to manage or minimize currency or exchange rate risk. The Fund may also enter into 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. A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The use of foreign currency contracts 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

Invesco Bond Fund

E.	Foreign Currency Contracts — (continued)

associated with 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.

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 two parties 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 financial instrument. 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.

Swap Agreements – The Fund may enter into various swap transactions, including interest rate, total return, index, currency exchange rate and credit default swap contracts (“CDS”) for investment purposes or to manage interest rate, currency or credit risk. Such transactions are agreements between two parties (“Counterparties”). These agreements may contain among other conditions, events of default and termination events, and various covenants and representations such as provisions that require the Fund to maintain a pre-determined level of net assets, and/or provide limits regarding the decline of the Fund’s NAV over specific periods of time. If the Fund were to trigger such provisions and have open derivative positions at that time, the Counterparty may be able to terminate such agreement and request immediate payment in an amount equal to the net liability positions, if any.

Interest rate, total return, index, and currency exchange rate swap agreements are two-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or return of an underlying asset, in a particular foreign currency, or in a “basket” of securities representing a particular index.

A CDS is an agreement between Counterparties to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement and in some situations an upfront payment to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Fund would deliver eligible bonds issued by the reference entity to the seller, and the seller would pay the full notional value, or the “par value”, of the referenced obligation to the Fund. A seller of a CDS is said to sell protection and thus would receive a fixed payment over the life of the agreement and an upfront payment, if applicable. If a credit event occurs, the Fund as a protection seller would cease to receive the fixed payment stream, the Fund would pay the buyer “par value” or the full notional value of the referenced obligation, and the Fund would receive the eligible bonds issued by the reference entity. In turn, these bonds may be sold in order to realize a recovery value. Alternatively, the seller of the CDS and its counterparty may agree to net the notional amount and the market value of the bonds and make a cash payment equal to the difference to the buyer of protection. If no credit event occurs, the Fund receives the fixed payment over the life of the agreement. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the CDS. In connection with these agreements, cash and securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default under the swap agreement or bankruptcy/insolvency of a party to the swap agreement. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in such circumstances. The Fund’s maximum risk of loss from counterparty risk,

Invesco Bond Fund

G. Swap Agreements – (continued)

either as the protection seller or as the protection buyer, is the value of the contract. The risk may be mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to cover the Fund’s exposure to the counterparty.

Implied credit spreads represent the current level at which protection could be bought or sold given the terms of the existing CDS contract and serve as an indicator of the current status of the payment/performance risk of the CDS. An implied spread that has widened or increased since entry into the initial contract may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets.

Changes in the value of swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by “marking to market” on a daily basis to reflect the value of the swap agreement at the end of each trading day. Payments received or paid at the beginning of the agreement are reflected as such on the Statement of Assets and Liabilities and may be referred to as upfront payments. The Fund accrues for the fixed payment stream and amortizes upfront payments, if any, on swap agreements on a daily basis with the net amount, recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Fund segregates liquid securities having a value at least equal to the amount of the potential obligation of a Fund under any swap transaction. Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that a swap is difficult to sell or liquidate; the counterparty does not honor its obligations under the agreement and unfavorable interest rates and market fluctuations. It is possible that developments in the swaps market, including potential government regulation, could adversely affect the Fund’s ability to terminate existing swap agreements or to realize amounts to be received under such agreements.

H.	Collateral – To the extent the Fund has pledged 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.

I.	Leverage Risk – Leverage exists when a 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.

NOTE 2 — 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 November 30, 2012. 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.

Invesco Bond Fund


	Level 1		Level 2			Level 3		Total
Equity Securities	$	1,578,206	$	1,028,066		$	—	$	2,606,272
U.S. Treasury Securities		—		1,596,476			—		1,596,476
Corporate Debt Securities		—		240,973,051			—		240,973,051
Asset-Backed Securities		—		2,196,036			—		2,196,036
Municipal Obligations		—		1,037,825			—		1,037,825
Foreign Government Debt Securities		—		551,006			—		551,006
		1,578,206		247,382,460			—		248,960,666
Foreign Currency Contracts*		—		(11,609	)		—		(11,609	)
Futures*		63,711		—			—		63,711
Swap Agreements*		—		(142,345	)		—		(142,345	)

Total Investments	$	1,641,917	$	247,228,506		$	—	$	248,870,423

*	Unrealized appreciation (depreciation).

NOTE 3 — Derivative Investments

Value of Derivative Instruments at Period-End

The table below summarizes the value of the Fund’s derivative instruments, detailed by primary risk exposure, held as of November 30, 2012:


Risk Exposure/ Derivative Type	Value
Risk Exposure/ Derivative Type	Assets		Liabilities
Credit risk Swap Agreements ^(a)	$	—	$	(142,345	)
Currency risk Foreign Currency Contracts ^(a)		—		(11,609	)
Interest rate risk Futures Contracts ^(a)		74,589		(10,878	)

(a)	Includes cumulative appreciation (depreciation) of futures contracts, foreign currency contracts and swap agreements.

Effect of Derivative Instruments for the nine months ended November 30, 2012

The table below summarizes the gains (losses) on derivative instruments, detailed by primary risk exposure, recognized in earnings during the period:


	Location of Gain (Loss) on Statement of Operations
	Futures*			Foreign Currency Contracts*			Swap Agreements*
Realized Gain (Loss)
Credit risk	$	—		$	—		$	(193,874	)
Currency risk		—			24,235			—
Interest rate risk		495,929			—			—
Change in Unrealized Appreciation (Depreciation)
Credit risk	$	—		$	—		$	(150,279	)
Currency risk		—			(2,294	)		—
Interest rate risk		(22,213	)		—			—

Total	$	473,716		$	21,941		$	(344,153	)

*	The average notional value of futures, foreign currency contracts, and swap agreements outstanding during the period was $45,514,968, $698,477, $7,577,778, respectively.

Invesco Bond Fund


Open Futures Contracts
Long Contracts	Number of Contracts	Expiration Month	Notional Value			Unrealized Appreciation (Depreciation)
U.S. Treasury 5 Year Notes	250	March-2013	$	31,179,688		$	73,694
U.S. Treasury Ultra Bonds	9	March-2013		1,493,438			895
Subtotal			$	32,673,126		$	74,589
Short Contracts
U.S. Treasury 10 Year Notes	46	March-2013	$	(6,147,469	)	$	(10,878	)

Total						$	63,711

Open Foreign Currency Contracts

Settlement

Date

Contract to

Notional
Value

Unrealized
Appreciation
(Depreciation)

Counterparty

Deliver

Receive

02/08/13

RBC Dain Rauscher

EUR

481,000

USD

614,362

625,971

(11,609

)

Closed Foreign Currency Contracts

Contract to

Closed

Date

Counterparty

Deliver

Receive

Notional
Value

Realized
Gain
(Loss)

11/19/12

RBC Dain Rauscher

EUR

105,000

USD

134,112

134,471

(359

)

Total foreign currency contracts

(11,968

)

Currency Abbreviations:

EUR — Euro

USD — U.S. Dollar


Open Credit Default Swap Agreements
Counterparty	Reference Entity	Buy/Sell Protection		(Pay)/Receive Fixed Rate			Expiration Date		Implied Credit Spread^(a)			Notional Value		Upfront Payments		Unrealized Appreciation (Depreciation)
Bank of America	Citigroup Inc.		Buy		(1.00	%)		06/20/17		1.32	%	$	2,500,000		177,278	$	(142,345	)

^(a)

Implied credit spreads represent the current level as of November 30, 2012 at which protection could be bought or sold given the terms of the existing credit default swap contract and serve as an indicator of the current status of the payment/performance risk of the credit default swap contract. An implied credit spread that has widened or increased since entry into the initial contract may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally.

Invesco Bond Fund

NOTE 4 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the year ended November 30, 2012 was $131,112,955 and $121,471,933, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	19,570,861
Aggregate unrealized (depreciation) of investment securities		(328,951	)

Net unrealized appreciation of investment securities	$	19,241,910

Cost of investments for tax purposes is $229,718,756.

Invesco Bond Fund

Item 2. Controls and Procedures.

(a)

As of November 19, 2012, 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 Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of November 19, 2012, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q 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 Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.

2411146

012213 (1) BO

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: Invesco Bond Fund


By:		/s/ Colin Meadows
		Colin Meadows
		Principal Executive Officer

Date:		January 29, 2013

Pursuant to the requirements of the Securities and 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:		/s/ Colin Meadows
		Colin Meadows
		Principal Executive Officer

Date:		January 29, 2013


By:		/s/ Sheri Morris
		Sheri Morris
		Principal Financial Officer

Date:		January 29, 2013

2286799

011713 (1) BO

EXHIBIT INDEX

Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.