Investments in Affiliates

12 Months Ended

Dec. 31, 2024

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Note 8 – Investments in Affiliates

The Invesco Short Term Treasury ETF, formerly known as the Invesco Treasury Collateral ETF is an investment company registered under the Investment Company Act of 1940, as amended, whose shares are primarily purchased and sold on a national securities exchange. In seeking its investment objective, the Invesco Short Term Treasury ETF primarily holds U.S. Treasury Obligations that: (i) are issued in U.S. Dollars; (ii) have a minimum remaining maturity of at least one month and a maximum remaining maturity of 12 months at the time of rebalance; and (iii) have a minimum amount outstanding of $300 million. Because it is advised by the Managing Owner, the Invesco Short Term Treasury ETF is an affiliate of the Fund.

The Invesco Government & Agency Portfolio and the Fund are advised by investment advisers under common control of Invesco Ltd., and therefore the Invesco Government & Agency Portfolio is considered to be affiliated with the Fund.

The following is a summary of the transactions in, and earnings from, investments in affiliates for the year ended December 31, 2024.


	Value 12/31/2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)			Realized Gain (Loss)		Value 12/31/2024		Dividend Income
Invesco Short Term Treasury ETF	$	21,532,860	$	—	$	—		$	(1,020	)	$	—	$	21,531,840	$	1,074,086
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		72,736,020		229,512,657		(223,545,766	)		—			—		78,702,911		4,110,402
Total	$	94,268,880	$	229,512,657	$	(223,545,766	)	$	(1,020	)	$	—	$	100,234,751	$	5,184,488

The following is a summary of the transactions in, and earnings from, investments in affiliates for the year ended December 31, 2023.


	Value 12/31/2022		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 12/31/2023		Dividend Income
Invesco Treasury Collateral ETF	$	21,478,826	$	—	$	—		$	54,034	$	—	$	21,532,860	$	997,069
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		48,020,829		271,278,306		(246,563,115	)		—		—		72,736,020		3,912,473
Total	$	69,499,655	$	271,278,306	$	(246,563,115	)	$	54,034	$	—	$	94,268,880	$	4,909,542

The following is a summary of the transactions in, and earnings from, investments in affiliates for the year ended December 31, 2022.


	Value 12/31/2021		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)			Value 12/31/2022		Dividend Income
Invesco Treasury Collateral ETF	$	11,439,187	$	15,049,892	$	(4,998,263	)	$	13,199	$	(25,189	)	$	21,478,826	$	98,592
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		67,799,964		219,809,829		(239,588,964	)		—		—			48,020,829		715,870
Total	$	79,239,151	$	234,859,721	$	(244,587,227	)	$	13,199	$	(25,189	)	$	69,499,655	$	814,462