nvq

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—99.20%^(a)

Aerospace & Defense—1.54%
BE Aerospace, Inc. ^(b)		299,357	$	11,914,409

Air Freight & Logistics—0.55%
UTI Worldwide, Inc.		261,598		4,230,040

Apparel Retail—1.58%
Abercrombie & Fitch Co. -Class A		167,181		12,224,275

Apparel, Accessories & Luxury Goods—2.57%
Coach, Inc.		308,388		19,909,529

Application Software—2.46%
Citrix Systems, Inc. ^(b)		129,732		9,345,893
Salesforce.com, Inc. ^(b)		55,595		8,045,152
TIBCO Software, Inc. ^(b)		65,688		1,710,516

				19,101,561


Asset Management & Custody Banks—1.86%
Affiliated Managers Group, Inc. ^(b)		138,095		14,407,451

Auto Parts & Equipment—3.14%
BorgWarner, Inc. ^(b)		145,246		11,564,487
Gentex Corp.		451,413		12,793,044

				24,357,531


Biotechnology—1.14%
United Therapeutics Corp. ^(b)		154,216		8,848,914

Broadcasting—1.59%
Discovery Communications, Inc. -Class A ^(b)		308,795		12,290,041

Communications Equipment—3.65%
Acme Packet, Inc. ^(b)		73,792		4,347,825
F5 Networks, Inc. ^(b)		139,474		13,038,029
Riverbed Technology, Inc. ^(b)		228,795		6,550,401
Sycamore Networks, Inc.		222,830		4,389,751

				28,326,006


Computer Storage & Peripherals—1.90%
NetApp, Inc. ^(b)		309,699		14,716,896

Construction & Engineering—1.23%
Foster Wheeler AG (Switzerland)^(b)		350,503		9,498,631

Construction & Farm Machinery & Heavy Trucks—4.18%
AGCO Corp. ^(b)		233,919		11,092,439
Navistar International Corp. ^(b)		276,650		14,194,912
Terex Corp. ^(b)		320,245		7,112,641

				32,399,992


Consumer Finance—1.41%
Discover Financial Services		428,072		10,962,924

Department Stores—2.20%
Nordstrom, Inc.		339,493		17,028,969

Electrical Components & Equipment—1.26%
Cooper Industries PLC (Ireland)		187,206		9,792,746

Electronic Components—1.42%
Amphenol Corp. -Class A		224,831		10,991,988

Fertilizers & Agricultural Chemicals—1.21%
Intrepid Potash, Inc. ^(b)		281,876		9,372,377

Footwear—1.75%
CROCS, Inc. ^(b)		433,381		13,577,827

Health Care Equipment—1.17%
CareFusion Corp. ^(b)		343,476		9,064,332

Health Care Facilities—2.77%
Brookdale Senior Living, Inc. ^(b)		318,255		6,807,474
Universal Health Services, Inc. -Class B		295,367		14,662,018

				21,469,492


Health Care Services—3.01%
DaVita, Inc. ^(b)		151,550		12,660,487
Quest Diagnostics, Inc.		198,022		10,695,168

				23,355,655


Health Care Technology—1.16%
Allscripts Healthcare Solutions, Inc. ^(b)		495,101		8,986,083

Hotels, Resorts & Cruise Lines—2.59%
Starwood Hotels & Resorts Worldwide, Inc.		364,579		20,037,262

Human Resource & Employment Services—1.28%
Robert Half International, Inc.		361,418		9,895,625

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

Invesco Capital Development Fund


	Shares		Value

Industrial Gases—1.74%
Airgas, Inc.		196,174	$	13,477,154

Industrial Machinery—2.85%
Flowserve Corp.		99,244		9,862,869
Gardner Denver, Inc.		142,988		12,195,446

				22,058,315


Internet Retail—1.16%
Netflix, Inc. ^(b)		17,271		4,593,913
Priceline.com, Inc. ^(b)		8,234		4,427,010

				9,020,923


IT Consulting & Other Services—3.17%
Cognizant Technology Solutions Corp. -Class A ^(b)		195,746		13,676,773
Teradata Corp. ^(b)		198,372		10,902,525

				24,579,298


Managed Health Care—3.09%
Aetna, Inc.		356,481		14,790,397
Aveta, Inc. ^(b)(c)		1,014,837		9,133,533

				23,923,930


Movies & Entertainment—1.13%
Cinemark Holdings, Inc.		449,450		8,759,780

Oil & Gas Drilling—1.04%
Patterson-UTI Energy, Inc.		247,995		8,067,277

Oil & Gas Equipment & Services—5.65%
Cameron International Corp. ^(b)		262,681		14,694,375
Complete Production Services, Inc. ^(b)		174,276		6,775,851
Oil States International, Inc. ^(b)		141,096		11,386,447
Superior Energy Services, Inc. ^(b)		262,744		10,901,249

				43,757,922


Oil & Gas Exploration & Production—4.69%
Pioneer Natural Resources Co.		152,859		14,214,358
Plains Exploration & Production Co. ^(b)		293,737		11,458,680
Whiting Petroleum Corp. ^(b)		181,801		10,653,539

				36,326,577


Packaged Foods & Meats—0.77%
Green Mountain Coffee Roasters, Inc. ^(b)		57,224		5,948,435

Pharmaceuticals—1.98%
Hospira, Inc. ^(b)		299,912		15,331,501

Railroads—1.62%
Kansas City Southern ^(b)		212,224		12,595,494

Real Estate Services—1.20%
Jones Lang LaSalle, Inc.		109,431		9,314,767

Restaurants—1.22%
Dunkin’ Brands Group, Inc. ^(b)		19,766		571,831
Panera Bread Co. -Class A ^(b)		76,872		8,864,110

				9,435,941


Semiconductor Equipment—0.48%
Lam Research Corp. ^(b)		91,841		3,754,460

Semiconductors—3.42%
Altera Corp.		335,036		13,696,272
Avago Technologies Ltd. (Singapore)		253,553		8,526,987
Cavium, Inc. ^(b)		123,387		4,255,618

				26,478,877


Specialized Finance—1.73%
Moody’s Corp.		377,012		13,425,397

Specialty Chemicals—2.60%
Albemarle Corp.		179,357		11,941,589
LyondellBasell Industries N.V. -Class A (Netherlands)		208,938		8,244,694

				20,186,283


Specialty Stores—3.18%
Dick’s Sporting Goods, Inc. ^(b)		311,207		11,514,659
Ulta Salon, Cosmetics & Fragrance, Inc. ^(b)		208,835		13,162,870

				24,677,529


Systems Software—1.04%
Check Point Software Technologies Ltd. (Israel)^(b)		140,358		8,091,639

Trucking—2.73%
Hertz Global Holdings, Inc. ^(b)		736,206		10,358,418
J.B. Hunt Transport Services, Inc.		239,294		10,825,661

				21,184,079


Wireless Telecommunication Services—4.09%
NII Holdings, Inc. ^(b)		459,928		19,477,951
SBA Communications Corp. -Class A ^(b)		321,075		12,255,433

				31,733,384

Total Common Stocks & Other Equity Interests (Cost $677,090,526)				768,889,518

Money Market Funds—1.72%
Liquid Assets Portfolio — Institutional Class^(d)		6,649,394		6,649,394

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

Invesco Capital Development Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

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.

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, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and/or principal payments.

Foreign securities (including foreign exchange contracts) 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 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 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 economical 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 are 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 Capital Development Fund

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.

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.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

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.

Securities Lending — The Fund may lend portfolio securities having a market value up to one-third of the Fund’s total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily by the securities lending provider. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its sponsored agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds and is shown as such on the Schedule of Investments. It is the Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. The Fund could experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. Dividends received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, is included in Dividends from affiliates on the Statement of Operations. The aggregate value of securities out on loan is shown as a footnote on the Statement of Assets and Liabilities, if any.

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

Invesco Capital Development Fund

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 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.

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 July 31, 2011. 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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Equity Securities	$	773,054,773	$	—	$	9,133,533	$	782,188,306

NOTE 3 — 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 nine months ended July 31, 2011 was $749,138,751 and $906,990,914, 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.

Invesco Capital Development Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests^(a)—80.14%
Aerospace & Defense—2.52%
ITT Corp.		1,206,501	$	64,354,763
Lockheed Martin Corp.		306,390		23,202,915
Northrop Grumman Corp.		398,031		24,084,856
Rockwell Collins, Inc.		421,786		23,236,191

				134,878,725


Air Freight & Logistics—0.56%
United Parcel Service, Inc. -Class B		430,981		29,832,505

Apparel, Accessories & Luxury Goods—0.24%
Prada S.p.A. (Italy)^(b)		2,146,800		13,084,029

Application Software—0.55%
Adobe Systems Inc. ^(b)		1,065,539		29,536,741

Asset Management & Custody Banks—2.74%
Legg Mason, Inc.		2,891,061		85,055,014
Northern Trust Corp.		1,380,096		61,973,211

				147,028,225

Automobile Manufacturers—0.49%
General Motors Co. ^(b)		948,692		26,259,795

Biotechnology—1.44%
Gilead Sciences, Inc. ^(b)		1,821,178		77,145,100

Communications Equipment—4.21%
Cisco Systems, Inc.		5,286,496		84,425,341
Motorola Mobility Holdings Inc. ^(b)		1,372,726		30,721,608
QUALCOMM, Inc.		2,014,410		110,349,380

				225,496,329

Computer & Electronics Retail—0.74%
Best Buy Co., Inc.		1,434,865		39,602,274

Construction Materials—0.79%
CRH PLC (Ireland)		2,173,344		42,373,132

Consumer Finance—2.71%
American Express Co.		2,905,616		145,397,025

Data Processing & Outsourced Services—0.46%
Automatic Data Processing, Inc.		475,356		24,476,080

Department Stores—1.81%
Macy’s, Inc.		3,370,717		97,312,600

Diversified Banks—0.65%
U.S. Bancorp		1,329,242		34,640,047

Drug Retail—2.37%
CVS Caremark Corp.		3,501,315		127,272,800

Electric Utilities—1.72%
Edison International		790,296		30,086,569

Exelon Corp.		1,410,836		62,175,542

				92,262,111


Electrical Components & Equipment—0.41%
Emerson Electric Co.		444,284		21,809,902

Electronic Manufacturing Services—1.29%
TE Connectivity Ltd.		2,008,243		69,143,806

Environmental & Facilities Services—1.02%
Waste Management, Inc.		1,730,921		54,506,702

Food Retail—3.09%
Kroger Co. (The)		6,666,590		165,798,093

Gold—0.63%
Agnico-Eagle Mines Ltd. (Canada)		331,041		18,455,536
Newcrest Mining Ltd. (Australia)		352,944		15,336,682

				33,792,218


Health Care Equipment—4.53%
Baxter International Inc.		898,706		52,277,728
Boston Scientific Corp. ^(b)		12,591,453		90,154,804
Covidien PLC (Ireland)		1,542,310		78,333,925
Medtronic, Inc.		612,003		22,062,708

				242,829,165


Heavy Electrical Equipment—0.76%
ABB Ltd. -ADR (Switzerland)^(b)		1,108,778		26,544,145
Alstom S.A. (France)		271,574		14,249,927

				40,794,072


Home Improvement Retail—1.40%
Lowe’s Cos., Inc.		3,487,326		75,256,495

Hypermarkets & Super Centers—0.71%
Wal-Mart Stores, Inc.		718,800		37,887,948

Industrial Conglomerates—2.24%
General Electric Co.		2,286,407		40,949,549
Koninklijke Philips Electronics N.V. (Netherlands)		2,314,216		57,697,918
Tyco International Ltd. (Switzerland)		479,041		21,216,726

				119,864,193

Industrial Gases—1.30%
Air Products & Chemicals, Inc.		786,897		69,821,371

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

Invesco Charter Fund


	Shares		Value

Industrial Machinery—0.71%
Illinois Tool Works Inc.		766,720	$	38,182,656

Insurance Brokers—1.04%
Marsh & McLennan Cos., Inc.		1,897,084		55,945,007

Integrated Oil & Gas—1.09%
ConocoPhillips		407,337		29,324,191
Petroleo Brasileiro S.A. -ADR (Brazil)		860,121		29,218,310

				58,542,501


Investment Banking & Brokerage—0.42%
Charles Schwab Corp. (The)		1,525,057		22,769,101

Life Sciences Tools & Services—1.72%
Agilent Technologies, Inc. ^(b)		1,165,474		49,136,384
Thermo Fisher Scientific, Inc. ^(b)		720,324		43,284,269

				92,420,653


Managed Health Care—1.48%
WellPoint, Inc.		1,171,624		79,143,201

Oil & Gas Equipment & Services—5.57%
Baker Hughes Inc.		1,650,384		127,706,714
Cameron International Corp. ^(b)		544,972		30,485,734
Tenaris S.A. -ADR (Argentina)		731,323		32,324,477
Weatherford International Ltd. (Switzerland)^(b)		4,921,257		107,873,953

				298,390,878


Oil & Gas Exploration & Production—3.79%
Apache Corp.		874,814		108,231,988
Devon Energy Corp.		500,649		39,401,076
Southwestern Energy Co. ^(b)		1,246,781		55,556,562

				203,189,626


Oil & Gas Refining & Marketing—1.11%
Valero Energy Corp.		2,368,443		59,495,288

Pharmaceuticals—5.95%
Merck & Co., Inc.		494,367		16,872,746
Pfizer, Inc.		3,736,217		71,884,815
Roche Holding AG (Switzerland)		719,067		128,768,036
Teva Pharmaceutical Industries Ltd. -ADR (Israel)		2,178,734		101,616,154

				319,141,751


Property & Casualty Insurance—4.70%
Berkshire Hathaway, Inc. -Class A ^(b)		967		107,820,500
Progressive Corp. (The)		7,322,467		144,106,151

				251,926,651


Railroads—1.50%
Union Pacific Corp.		784,399		80,385,209

Semiconductors—1.51%
Intel Corp.		1,063,232		23,741,971

Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan)		23,007,019		57,403,935

				81,145,906


Specialty Stores—0.46%
Staples, Inc.		1,530,960		24,587,218

Systems Software—5.84%
CA, Inc.		1,268,140		28,279,522
Microsoft Corp.		4,935,013		135,219,356
Symantec Corp. ^(b)		7,854,225		149,701,529

				313,200,407


Wireless Telecommunication Services—1.87%
Vodafone Group PLC (United Kingdom)		35,615,784		100,379,772

Total Common Stocks & Other Equity Interests (Cost $3,771,996,215)				4,296,947,308


Money Market Funds—19.78%
Liquid Assets Portfolio — Institutional Class ^(c)		530,211,903		530,211,903
Premier Portfolio — Institutional Class ^(c)		530,211,903		530,211,903

Total Money Market Funds (Cost $1,060,423,806)				1,060,423,806

TOTAL INVESTMENTS—99.92% (Cost $4,832,420,021)				5,357,371,114

OTHER ASSETS LESS LIABILITIES—0.08%				4,179,241

NET ASSETS—100.00%			$	5,361,550,355

Investment Abbreviations:

ADR — American Depositary Receipt

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)		Non-income producing security.

^(c)		The money market fund and the Fund are affiliated by having the same investment adviser.

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

Invesco Charter Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Charter Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Charter Fund

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.

Call Options Written and Purchased — The Fund may write and/or buy call options. A call option gives the purchaser of such option the right to buy, and the writer the obligation to sell, the underlying security at the stated exercise price during the option period. Options written by the Fund normally will have expiration dates between three and nine months from the date written. The exercise price of a call option may be below, equal to, or above the current market value of the underlying security at the time the option is written.

When the Fund writes a call option, an amount equal to the premium received by the Fund is recorded as an asset and an equivalent liability in the Statement of Assets and Liabilities. The amount of the liability is subsequently “marked-to-market” to reflect the current market value of the option written. If a written call option expires on the stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or a loss if the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is extinguished. If a written option is exercised, the Fund realizes a gain or a loss from the sale of the underlying security and the proceeds of the sale are increased by the premium originally received. Realized and unrealized gains and losses on these contracts are included in the Statement of Operation. A risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised.

When the Fund buys a call option, an amount equal to the premium paid by the Fund is recorded as an investment on the Statement of Assets and Liabilities. The amount of the investment is subsequently “marked-to-market” to reflect the current value of the option purchased. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. A risk in buying an option is that the Fund pays a premium whether or not the option is exercised. In addition, there can be no assurance that a liquid secondary market will exist for any option purchased.

Put Options Purchased — The Fund may purchase put options including options on securities indexes and/or futures contracts. By purchasing a put option, the Fund obtains the right (but not the obligation) to sell the option’s underlying instrument at a fixed strike price. In return for this right, the Fund pays an option premium. The option’s underlying instrument may be a security, securities index, or a futures contract. Put options may be used by the Fund to hedge securities it owns by locking in a minimum price at which the Fund can sell. If security prices fall, the put option could be exercised to offset all or a portion of the Fund’s resulting losses. At the same time, because the maximum the Fund has at risk is the cost of the option, purchasing put options does not eliminate the potential for the Fund to profit from an increase in the value of the securities hedged. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. A risk in buying an option is that the Fund pays a premium whether or not the option is exercised. In addition, there can be no assurance that a liquid secondary market will exist for any option purchased.

Invesco Charter Fund

NOTE 2 — Additional Valuation Information


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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Equity Securities	$	5,071,600,246	$	285,770,868	$	—	$	5,357,371,114

NOTE 3 — 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 nine months ended July 31, 2011 was $1,058,190,485 and $1,601,921,813, 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	$	722,185,952
Aggregate unrealized (depreciation) of investment securities		(217,957,212	)

Net unrealized appreciation of investment securities	$	504,228,740


Cost of investments for tax purposes is $4,853,142,374

Invesco Charter Fund


	Shares		Value

Common Stocks & Other Equity Interests^(a)—96.89%

Aerospace & Defense—2.63%
Honeywell International Inc.		277,603	$	14,740,719
Precision Castparts Corp.		392,690		63,372,312

				78,113,031

Apparel Retail—0.10%
Limited Brands, Inc.		76,066		2,879,859

Apparel, Accessories & Luxury Goods—2.57%
Coach, Inc.		800,061		51,651,938
Prada S.p.A. (Italy)^(b)		4,003,000		24,396,949

				76,048,887


Application Software—3.14%
Citrix Systems, Inc. ^(b)		938,399		67,602,264
Salesforce.com, Inc. ^(b)		177,083		25,625,681

				93,227,945


Asset Management & Custody Banks—0.83%
Ameriprise Financial, Inc.		454,010		24,561,941

Auto Parts & Equipment—0.24%
BorgWarner, Inc. ^(b)		90,166		7,179,017

Biotechnology—1.47%
Gilead Sciences, Inc. ^(b)		1,026,191		43,469,451

Cable & Satellite—4.06%
Comcast Corp. -Class A		1,839,391		44,182,172
DIRECTV -Class A ^(b)		1,505,558		76,301,679

				120,483,851

Casinos & Gaming—1.06%
Las Vegas Sands Corp. ^(b)		664,633		31,357,385

Communications Equipment—1.87%
F5 Networks, Inc. ^(b)		149,522		13,977,317
QUALCOMM, Inc.		759,125		41,584,867

				55,562,184

Computer Hardware—5.84%
Apple Inc. ^(b)		443,264		173,085,727

Computer Storage & Peripherals—2.37%
EMC Corp. ^(b)		2,203,608		57,470,096
SanDisk Corp. ^(b)		300,394		12,775,757

				70,245,853

Construction & Engineering—1.47%
Foster Wheeler AG (Switzerland)^(b)		1,606,891		43,546,746

Construction & Farm Machinery & Heavy Trucks—1.79%
Cummins Inc.		322,205		33,792,861

Navistar International Corp. ^(b)		375,333		19,258,336

				53,051,197


Consumer Finance—0.56%
American Express Co.		329,164		16,471,367

Data Processing & Outsourced Services—1.86%
MasterCard, Inc. -Class A		182,323		55,289,450

Department Stores—1.06%
Kohl’s Corp.		573,898		31,397,960

Drug Retail—1.07%
CVS Caremark Corp.		870,447		31,640,748

Fertilizers & Agricultural Chemicals—3.07%
Monsanto Co.		703,369		51,683,554
Mosaic Co. (The)		182,423		12,900,955
Potash Corp. of Saskatchewan Inc. (Canada)		455,258		26,318,465

				90,902,974

Gold—0.52%
Barrick Gold Corp. (Canada)		321,179		15,278,485

Health Care Distributors—0.49%
Cardinal Health, Inc.		333,441		14,591,378

Health Care Equipment—0.70%
Baxter International Inc.		355,383		20,672,629

Health Care Services—2.20%
Express Scripts, Inc. ^(b)		533,248		28,934,037
Medco Health Solutions, Inc. ^(b)		575,807		36,206,744

				65,140,781

Health Care Technology—0.65%
Allscripts Healthcare Solutions, Inc. ^(b)		1,061,913		19,273,721

Heavy Electrical Equipment—1.84%
ABB Ltd. (Switzerland)^(b)		654,657		15,638,106
ABB Ltd. -ADR (Switzerland)^(b)		1,629,244		39,004,101

				54,642,207

Hotels, Resorts & Cruise Lines—0.50%
Starwood Hotels & Resorts Worldwide, Inc.		268,059		14,732,523


	Shares		Value

Hypermarkets & Super Centers—0.60%
Costco Wholesale Corp.		228,865	$	17,908,686

Industrial Conglomerates—0.91%
Danaher Corp.		549,740		26,997,731

Industrial Machinery—0.90%
Ingersoll-Rand PLC (Ireland)		714,280		26,728,358

Integrated Oil & Gas—1.24%
Occidental Petroleum Corp.		374,628		36,780,977

Internet Retail—3.84%
Amazon.com, Inc. ^(b)		268,819		59,817,604
Netflix Inc. ^(b)		103,587		27,553,106
Priceline.com Inc. ^(b)		49,388		26,553,458

				113,924,168


Internet Software & Services—5.69%
Baidu, Inc. -ADR (China)^(b)		519,212		81,552,629
Google, Inc. -Class A ^(b)		144,457		87,207,246

				168,759,875


IT Consulting & Other Services—4.57%
Accenture PLC -Class A (Ireland)		1,445,925		85,512,005
Cognizant Technology Solutions Corp. -Class A ^(b)		714,468		49,919,879

				135,431,884


Life Sciences Tools & Services—2.81%
Agilent Technologies, Inc. ^(b)		839,569		35,396,229
Illumina, Inc. ^(b)		478,335		29,872,021
Waters Corp. ^(b)		205,791		18,086,971

				83,355,221


Managed Health Care—2.19%
UnitedHealth Group, Inc.		1,308,977		64,964,529

Movies & Entertainment—0.99%
Walt Disney Co. (The)		758,664		29,299,604

Oil & Gas Drilling—0.57%
Ensco PLC -ADR (United Kingdom)		317,796		16,922,637

Oil & Gas Equipment & Services—9.38%
Baker Hughes Inc.		427,474		33,077,938
Cameron International Corp. ^(b)		676,609		37,849,507
Halliburton Co.		1,339,680		73,320,686
National Oilwell Varco Inc.		1,014,733		81,757,038
Weatherford International Ltd. ^(b)		2,379,116		52,150,223

				278,155,392


Oil & Gas Exploration & Production—1.59%
Anadarko Petroleum Corp.		354,746		29,287,830

EOG Resources, Inc.		175,184		17,868,768

				47,156,598


Other Diversified Financial Services—1.35%
JPMorgan Chase & Co.		988,053		39,966,744

Packaged Foods & Meats—0.97%
Mead Johnson Nutrition Co.		402,673		28,738,772

Pharmaceuticals—1.11%
Allergan, Inc.		405,708		32,988,117

Railroads—1.39%
Union Pacific Corp.		402,425		41,240,514

Restaurants—1.29%
Chipotle Mexican Grill, Inc. ^(b)		52,370		16,998,255
Krispy Kreme Doughnuts Inc. -Wts., expiring 03/02/12 ^(c)		19,296		7,139
Starbucks Corp.		527,809		21,159,863

				38,165,257


Semiconductors—2.45%
Atmel Corp. ^(b)		2,948,116		35,672,203
Broadcom Corp. -Class A ^(b)		633,512		23,484,290
Xilinx, Inc.		422,449		13,560,613

				72,717,106


Soft Drinks—0.59%
Hansen Natural Corp. ^(b)		227,428		17,425,533

Systems Software—5.04%
Oracle Corp.		1,407,552		43,042,940
Rovi Corp. ^(b)		2,006,397		106,278,849

				149,321,789


Trucking—1.69%
J.B. Hunt Transport Services, Inc.		1,109,492		50,193,418

Wireless Telecommunication Services—1.77%
America Movil SAB de C.V. -Series L -ADR (Mexico)		795,064		20,512,651
American Tower Corp. -Class A ^(b)		607,187		31,895,533

				52,408,184

TOTAL INVESTMENTS—96.89% (Cost $2,400,449,905)				2,872,398,391

OTHER ASSETS LESS LIABILITIES—3.11%				92,299,487

NET ASSETS—100.00%			$	2,964,697,878


Investment Abbreviations:

ADR		— American Depositary Receipt

Wts.		— Warrants

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)		Non-income producing security.

^(c)		Non-income producing security acquired through a corporate action.

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

Invesco Constellation Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Constellation Fund

		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.

B.		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.

		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.

		The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

C.		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.

D.		Securities Lending — The Fund may lend portfolio securities having a market value up to one-third of the Fund’s total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily by the securities lending provider. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its sponsored agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds and is shown as such on the Schedule of Investments. It is the Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. The Fund could experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. Dividends received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, is included in Dividends from affiliates on the Statement of Operations. The ag

E.		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

Invesco Constellation Fund

		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.

F.		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 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.

NOTE 2 — Additional Valuation Information


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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Equity Securities	$	2,856,760,285	$	15,638,106	$	—	$	2,872,398,391

NOTE 3 — 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 nine months ended July 31, 2011 was $2,800,280,611 and $3,148,658,250, 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.

Invesco Constellation Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—94.14%^(a)
Aerospace & Defense—3.76%
General Dynamics Corp.		1,173,352	$	79,952,205

Raytheon Co.		1,510,203		67,551,380

				147,503,585
Apparel Retail—0.45%
TJX Cos., Inc. (The)		322,127		17,813,623

Asset Management & Custody Banks—2.53%
Federated Investors, Inc. -Class B		2,767,494		59,141,347

State Street Corp.		959,010		39,770,144

				98,911,491
Auto Parts & Equipment—1.45%
Johnson Controls, Inc.		1,540,637		56,926,537

Brewers—3.67%
Foster’s Group Ltd. (Australia)		8,484,856		47,077,672

Heineken N.V. (Netherlands)		1,638,247		96,826,321

				143,903,993
Building Products—1.62%
Masco Corp.		6,023,003		63,542,682

Casinos & Gaming—1.54%
International Game Technology		3,246,523		60,352,863

Consumer Finance—2.40%
Capital One Financial Corp.		1,969,469		94,140,618

Data Processing & Outsourced Services—2.13%
Automatic Data Processing, Inc.		1,617,825		83,301,809

Department Stores—0.35%
Nordstrom, Inc.		273,757		13,731,651

Distillers & Vintners—0.22%
Treasury Wine Estates Ltd. (Australia)		2,248,986		8,500,106

Distributors—0.34%
Genuine Parts Co.		253,619		13,482,386

Diversified Banks—2.29%
Societe Generale (France)		1,161,423		57,308,880

U.S. Bancorp		1,242,260		32,373,295

				89,682,175
Diversified Chemicals—0.64%
E. I. du Pont de Nemours and Co.		489,065		25,147,722

Drug Retail—1.15%
Walgreen Co.		1,153,944		45,049,974

Electric Utilities—5.25%
American Electric Power Co., Inc.		1,907,760		70,320,034

Entergy Corp.		620,123		41,424,217

Exelon Corp.		1,614,391		71,146,211

PPL Corp.		821,646		22,923,923

				205,814,385
Electrical Components & Equipment—0.80%
Emerson Electric Co.		639,095		31,373,174

Food Distributors—1.86%
Sysco Corp.		2,383,918		72,924,052

Gas Utilities—1.03%
AGL Resources, Inc.		992,785		40,505,628

General Merchandise Stores—1.78%
Target Corp.		1,354,745		69,755,820

Health Care Equipment—2.61%
Medtronic, Inc.		1,138,724		41,051,000

Stryker Corp.		1,128,554		61,325,625

				102,376,625
Hotels, Resorts & Cruise Lines—1.78%
Accor S.A. (France)		792,734		34,838,133

Marriott International Inc. -Class A		1,070,115		34,778,738

				69,616,871
Household Products—4.58%
Kimberly-Clark Corp.		1,635,819		106,917,130

Procter & Gamble Co. (The)		1,182,138		72,689,665

				179,606,795
Industrial Machinery—4.14%
Illinois Tool Works Inc.		674,982		33,614,104

Pentair, Inc.		2,022,350		74,442,703

Snap-On, Inc.		953,774		54,231,590

				162,288,397

Integrated Oil & Gas—2.73%
Eni S.p.A. (Italy)		2,318,443		50,270,639

Exxon Mobil Corp.		368,338		29,389,689

Total S.A. (France)		508,000		27,383,050

				107,043,378
Integrated Telecommunication Services—0.31%
AT&T, Inc.		419,485		12,274,131

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

Invesco Diversified Dividend Fund


	Shares		Value

Investment Banking & Brokerage—1.50%
Charles Schwab Corp. (The)		3,925,144	$	58,602,400


Life & Health Insurance—1.86%
Lincoln National Corp.		1,487,216		39,411,224

Prudential Financial, Inc.		20,474		1,201,414

StanCorp Financial Group, Inc.		967,513		32,179,483

				72,792,121
Motorcycle Manufacturers—1.04%
Harley-Davidson, Inc.		939,261		40,754,535

Movies & Entertainment—1.23%
Time Warner, Inc.		1,365,354		48,005,847

Multi-Utilities—1.34%
Dominion Resources, Inc.		1,085,748		52,604,491

Oil & Gas Equipment & Services—0.50%
Baker Hughes, Inc.		252,689		19,553,075

Oil & Gas Storage & Transportation—0.80%
Southern Union Co.		726,744		31,249,992

Packaged Foods & Meats—7.19%
Campbell Soup Co.		1,951,919		64,510,923

General Mills, Inc.		2,585,592		96,571,861

Kraft Foods, Inc. -Class A		2,011,702		69,162,315

Mead Johnson Nutrition Co.		719,823		51,373,767

				281,618,866
Paper Products—1.83%
International Paper Co.		2,409,263		71,555,111

Pharmaceuticals—5.05%
Bristol-Myers Squibb Co.		1,037,099		29,723,257

Eli Lilly and Co.		1,587,048		60,783,939

Johnson & Johnson		1,259,776		81,620,887

Novartis AG (Switzerland)		328,370		20,110,761

Pfizer, Inc.		296,264		5,700,119

				197,938,963

Property & Casualty Insurance—1.13%
Travelers Cos., Inc. (The)		801,257		44,173,298


Regional Banks—7.23%
Fifth Third Bancorp		5,487,674		69,419,076

M&T Bank Corp.		339,600		29,287,104

SunTrust Banks, Inc.		4,395,729		107,651,403

Zions Bancorp.		3,516,380		77,008,722

				283,366,305

Reinsurance—0.09%
Transatlantic Holdings, Inc.		69,489		3,558,532


Restaurants—0.91%
Brinker International, Inc.		1,485,708		35,686,706


Semiconductors—1.55%
Linear Technology Corp.		506,954		14,853,752

Texas Instruments, Inc.		1,541,013		45,845,137

				60,698,889

Soft Drinks—1.34%
Coca-Cola Co. (The)		771,155		52,446,251


Specialized Consumer Services—0.80%
H&R Block, Inc.		2,103,074		31,461,987


Specialized REIT’s—1.32%
Weyerhaeuser Co.		2,594,608		51,866,214


Specialty Chemicals—0.47%
Ecolab, Inc.		368,338		18,416,900


Systems Software—1.67%
Microsoft Corp.		2,385,077		65,351,110


Thrifts & Mortgage Finance—1.79%
Capitol Federal Financial, Inc.		35,067		401,166

Hudson City Bancorp, Inc.		8,418,347		69,451,363

				69,852,529

Tobacco—2.09%
Altria Group, Inc.		1,506,321		39,616,242

Philip Morris International, Inc.		586,120		41,714,161

				81,330,403
Total Common Stocks & Other Equity Interests (Cost $3,444,095,099)				3,688,454,996
Money Market Funds—5.77%
Liquid Assets Portfolio — Institutional Class ^(b)		113,105,510		113,105,510

Premier Portfolio — Institutional Class ^(b)		113,105,509		113,105,509

Total Money Market Funds (Cost $226,211,019)				226,211,019
TOTAL INVESTMENTS—99.91% (Cost $3,670,306,118)				3,914,666,015

OTHER ASSETS LESS LIABILITIES—0.09%				3,554,059

NET ASSETS—100.00%			$	3,918,220,074

Investment Abbreviations:

REIT—Real Estate Investment Trust

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)		The money market fund and the Fund are affiliated by having the same investment adviser.

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

Invesco Diversified Dividend Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Diversified Dividend Fund

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.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

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.

Invesco Diversified Dividend Fund

value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

NOTE 2 — Additional Valuation Information

	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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Equity Securities	$	3,627,928,231	$	286,737,784	$	—	$	3,914,666,015

NOTE 3 — 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 nine months ended July 31, 2011 was $870,205,158 and $286,577,941 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	$	424,718,490

Aggregate unrealized (depreciation) of investment securities		(180,024,012	)

Net unrealized appreciation of investment securities	$	244,694,478

Cost of investments for tax purposes is $3,669,971,537.

Invesco Diversified Dividend Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—95.65%^(a)
Aerospace & Defense—2.00%
United Technologies Corp.		54,033	$	4,476,094

Apparel Retail—2.12%
TJX Cos., Inc. (The)		85,619		4,734,731

Apparel, Accessories & Luxury Goods—1.76%
VF Corp.		33,695		3,935,576

Asset Management & Custody Banks—1.68%
BlackRock, Inc.		21,060		3,758,368

Automobile Manufacturers—1.23%
Ford Motor Co. ^(b)		224,655		2,743,038

Cable & Satellite—2.85%
Comcast Corp. -Class A		153,969		3,698,335

Liberty Global, Inc. -Class A ^(b)		63,566		2,657,059

				6,355,394
Communications Equipment—1.97%
Cisco Systems, Inc.		274,916		4,390,409

Computer Hardware—2.91%
Apple, Inc. ^(b)		16,620		6,489,778

Data Processing & Outsourced Services—10.80%
Alliance Data Systems Corp. ^(b)		48,195		4,739,496

Automatic Data Processing, Inc.		104,599		5,385,803

Fidelity National Information Services, Inc.		104,818		3,146,636

Fiserv, Inc. ^(b)		57,573		3,475,106

Visa, Inc. -Class A		51,392		4,396,072

Western Union Co.		152,783		2,965,518

				24,108,631
Diversified Banks—2.29%
Wells Fargo & Co.		183,003		5,113,104

Drug Retail—3.02%
CVS Caremark Corp.		49,331		1,793,182

Walgreen Co.		126,710		4,946,758

				6,739,940
Environmental & Facilities Services—0.89%
Republic Services, Inc.		68,565		1,990,442

Footwear—0.89%
NIKE, Inc. -Class B		22,096		1,991,954

General Merchandise Stores—2.68%
Target Corp.		116,396		5,993,230

Health Care Equipment—1.24%
Stryker Corp.		50,945		2,768,351

Health Care Services—0.73%
Express Scripts, Inc. ^(b)		29,865		1,620,475

Home Improvement Retail—0.00%
Lowe’s Cos., Inc.		1		22

Household Products—1.54%
Procter & Gamble Co. (The)		55,970		3,441,595

Industrial Conglomerates—3.57%
Danaher Corp.		46,347		2,276,101

General Electric Co.		318,559		5,705,392

				7,981,493
Industrial Gases—1.88%
Praxair, Inc.		40,568		4,204,468

Integrated Oil & Gas—1.52%
Exxon Mobil Corp.		42,401		3,383,176

Internet Software & Services—2.30%
Google, Inc. -Class A ^(b)		8,505		5,134,383

IT Consulting & Other Services—3.63%
Accenture PLC -Class A (Ireland)		58,217		3,442,953

International Business Machines Corp.		25,696		4,672,818

				8,115,771
Managed Health Care—3.71%
Aetna, Inc.		73,734		3,059,224

UnitedHealth Group, Inc.		105,285		5,225,294

				8,284,518
Multi-Utilities—1.44%
PG&E Corp.		77,472		3,209,665

Oil & Gas Exploration & Production—7.88%
Anadarko Petroleum Corp.		26,994		2,228,625

Apache Corp.		29,491		3,648,627

EQT Corp.		70,617		4,482,767

QEP Resources, Inc.		91,015		3,989,187

Whiting Petroleum Corp. ^(b)		55,470		3,250,542

				17,599,748

Oil & Gas Storage & Transportation—3.07%
Spectra Energy Corp.		68,201		1,842,791

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

Invesco Disciplined Equity Fund


	Shares		Value

Oil & Gas Storage & Transportation—(continued)
Williams Cos., Inc. (The)		158,236	$	5,016,081

				6,858,872

Other Diversified Financial Services—5.34%
Bank of America Corp.		364,311		3,537,460

Citigroup, Inc.		107,813		4,133,550

JPMorgan Chase & Co.		105,006		4,247,493

				11,918,503


Packaged Foods & Meats—2.43%
H.J. Heinz Co.		103,106		5,427,500


Pharmaceuticals—3.01%
Abbott Laboratories		59,101		3,033,063

Merck & Co., Inc.		107,962		3,684,743

				6,717,806


Railroads—1.22%
Norfolk Southern Corp.		35,973		2,723,156


Restaurants—2.23%
McDonald’s Corp.		57,580		4,979,518


Soft Drinks—2.80%
PepsiCo, Inc.		97,456		6,241,082


Specialized Finance—1.51%
CME Group, Inc.		11,655		3,370,509


Specialty Chemicals—1.99%
Nalco Holding Co.		95,264		3,367,582

Valspar Corp. (The)		32,725		1,075,671

				4,443,253


Systems Software—5.52%
BMC Software, Inc. ^(b)		42,834		1,851,285

Microsoft Corp.		181,998		4,986,745

Oracle Corp.		179,470		5,488,193

				12,326,223

Total Common Stocks & Other Equity Interests (Cost $179,845,331)				213,570,776


Money Market Funds—4.10%
Liquid Assets Portfolio — Institutional Class ^(c)		4,573,324		4,573,324

Premier Portfolio — Institutional Class ^(c)		4,573,323		4,573,323

Total Money Market Funds (Cost $9,146,647)				9,146,647

TOTAL INVESTMENTS—99.75% (Cost $188,991,978)				222,717,423

OTHER ASSETS LESS LIABILITIES—0.25%				567,195

NET ASSETS—100.00%			$	223,284,618

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)		Non-income producing security.

^(c)		The money market fund and the Fund are affiliated by having the same investment adviser.

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

Invesco Disciplined Equity Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Disciplined Equity Fund

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.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

NOTE 2 — Additional Valuation Information

	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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.

Invesco Disciplined Equity Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—97.21%^(a)
Aerospace & Defense—2.58%
Honeywell International Inc.		174,229	$	9,251,560

Precision Castparts Corp.		120,751		19,486,796

Rockwell Collins, Inc.		272,869		15,032,353

				43,770,709

Apparel, Accessories & Luxury Goods—2.29%
Coach, Inc.		461,352		29,784,885

Prada S.p.A. (Italy)^(b)		1,487,500		9,065,816

				38,850,701

Asset Management & Custody Banks—0.83%
Affiliated Managers Group, Inc. ^(b)		59,525		6,210,243

Ameriprise Financial, Inc.		145,666		7,880,531

				14,090,774

Auto Parts & Equipment—1.45%
Autoliv, Inc. (Sweden)		117,716		7,788,091

Johnson Controls, Inc.		227,312		8,399,178

Tenneco Inc. ^(b)		209,269		8,358,204

				24,545,473
Automobile Manufacturers—0.56%
Honda Motor Co., Ltd. (Japan)		236,600		9,448,861

Biotechnology—3.17%
Acorda Therapeutics, Inc. ^(b)		433,098		12,299,983

Amgen Inc.		226,832		12,407,711

Gilead Sciences, Inc. ^(b)		580,912		24,607,432

Human Genome Sciences, Inc. ^(b)		211,963		4,453,343

				53,768,469
Broadcasting—1.28%
Scripps Networks Interactive -Class A		468,537		21,712,005

Cable & Satellite—3.07%
Comcast Corp. -Class A		918,685		22,066,814

DIRECTV -Class A ^(b)		592,215		30,013,456

				52,080,270
Communications Equipment—2.49%
F5 Networks, Inc. ^(b)		169,340		15,829,903

QUALCOMM, Inc.		482,275		26,419,025

				42,248,928
Computer Hardware—5.87%
Apple Inc. ^(b)		255,314		99,695,011

Computer Storage & Peripherals—1.97%
EMC Corp. ^(b)		1,279,703		33,374,654

Construction & Engineering—1.30%
Fluor Corp.		91,001		5,781,293

Foster Wheeler AG (Switzerland)^(b)		600,497		16,273,469

				22,054,762
Construction & Farm Machinery & Heavy Trucks—3.25%
AGCO Corp. ^(b)		159,716		7,573,733

Cummins Inc.		107,649		11,290,227

Komatsu Ltd. (Japan)		255,900		7,984,747

Navistar International Corp. ^(b)		370,801		19,025,799

Terex Corp. ^(b)		423,359		9,402,803

				55,277,309

Consumer Finance—0.51%
American Express Co.		172,103		8,612,034


Data Processing & Outsourced Services—2.64%
Genpact Ltd. (Bermuda)^(b)		794,944		13,116,576

MasterCard, Inc. -Class A		36,696		11,128,062

Visa Inc. -Class A		240,923		20,608,553

				44,853,191
Department Stores—1.05%
Kohl’s Corp.		324,485		17,752,574

Diversified Banks—0.91%
Banco Bradesco S.A. -ADR (Brazil)		533,233		10,254,071

Comerica, Inc.		159,977		5,124,063

				15,378,134
Electrical Components & Equipment—0.89%
Cooper Industries PLC -Class A (Ireland)		290,302		15,185,698

Electronic Components—0.95%
Amphenol Corp. -Class A		328,947		16,082,219

Fertilizers & Agricultural Chemicals—2.24%
Monsanto Co.		269,715		19,818,658

Mosaic Co. (The)		256,704		18,154,107

				37,972,765
Food Retail—0.35%
Kroger Co. (The)		238,909		5,941,667

Footwear—0.88%
Deckers Outdoor Corp. ^(b)		151,224		15,008,982

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

Invesco Summit Fund


	Shares		Value

Gold—0.90%
Goldcorp, Inc. (Canada)		320,468	$	15,321,575


Health Care Distributors—0.43%
Owens & Minor, Inc.		238,993		7,289,287


Health Care Services—1.98%
Express Scripts, Inc. ^(b)		252,179		13,683,232

Medco Health Solutions, Inc. ^(b)		317,470		19,962,514

				33,645,746

Health Care Technology—0.72%
Allscripts Healthcare Solutions, Inc. ^(b)		677,128		12,289,873


Heavy Electrical Equipment—0.96%
ABB Ltd. (Switzerland)^(b)		680,007		16,243,653


Home Improvement Retail—1.00%
Home Depot, Inc. (The)		485,895		16,972,312


Homefurnishing Retail—1.44%
Bed Bath & Beyond Inc. ^(b)		419,039		24,509,591


Hotels, Resorts & Cruise Lines—1.06%
Royal Caribbean Cruises Ltd. ^(b)		588,365		18,015,736


Household Products—0.49%
Procter & Gamble Co. (The)		135,826		8,351,941


Hypermarkets & Super Centers—1.72%
Costco Wholesale Corp.		373,190		29,202,118


Industrial Gases—0.64%
Praxair, Inc.		105,435		10,927,283


Industrial Machinery—2.64%
Illinois Tool Works Inc.		197,964		9,858,607

Ingersoll-Rand PLC (Ireland)		586,474		21,945,857

Kennametal Inc.		329,804		13,004,172

				44,808,636
Integrated Oil & Gas—3.64%
Exxon Mobil Corp.		318,871		25,442,717

Occidental Petroleum Corp.		371,228		36,447,165

				61,889,882
Internet Retail—1.84%
Amazon.com, Inc. ^(b)		140,350		31,230,682

Internet Software & Services—2.32%
Google, Inc. -Class A ^(b)		52,321		31,585,664

VeriSign, Inc.		250,118		7,806,183

				39,391,847
Investment Banking & Brokerage—1.10%
Goldman Sachs Group, Inc. (The)		82,640		11,153,921

Jefferies Group, Inc.		400,000		7,564,000

				18,717,921
IT Consulting & Other Services—2.11%
Accenture PLC -Class A (Ireland)		504,147		29,815,253

Cognizant Technology Solutions Corp. -Class A ^(b)		85,564		5,978,357

				35,793,610
Life Sciences Tools & Services—0.71%
Agilent Technologies, Inc.		284,903		12,011,510

Managed Health Care—2.68%
UnitedHealth Group, Inc.		361,519		17,942,188

WellPoint, Inc.		409,324		27,649,836

				45,592,024
Oil & Gas Equipment & Services—6.46%
Baker Hughes Inc.		240,703		18,625,598

Cameron International Corp. ^(b)		357,304		19,987,586

Halliburton Co.		340,194		18,618,818

Schlumberger Ltd.		353,188		31,917,599

Superior Energy Services, Inc. ^(b)		495,394		20,553,897

				109,703,498

Oil & Gas Exploration & Production—0.68%
Apache Corp.		93,812		11,606,421


Other Diversified Financial Services—1.17%
JPMorgan Chase & Co.		490,710		19,849,220


Packaged Foods & Meats—1.53%
Green Mountain Coffee Roasters, Inc. ^(b)		250,358		26,024,714


Pharmaceuticals—2.78%
Abbott Laboratories		261,563		13,423,413

Medicis Pharmaceutical Corp. -Class A		228,000		8,477,040

Pfizer Inc.		953,162		18,338,837

Shire PLC (United Kingdom)		199,368		6,905,529

				47,144,819

Railroads—1.06%
Union Pacific Corp.		176,457		18,083,313


Semiconductor Equipment—1.52%
MEMC Electronic Materials, Inc. ^(b)		782,637		5,807,167

Novellus Systems, Inc. ^(b)		472,126		14,654,791

Veeco Instruments Inc. ^(b)(c)		134,094		5,335,600

				25,797,558
Semiconductors—2.13%
Broadcom Corp. -Class A ^(b)		434,750		16,116,182

Micron Technology, Inc. ^(b)		1,386,823		10,220,886

Xilinx, Inc.		307,698		9,877,106

				36,214,174

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

Invesco Summit Fund


	Shares		Value

Soft Drinks—2.16%
Coca-Cola Co. (The)		206,169	$	14,021,553

Hansen Natural Corp. ^(b)		64,627		4,951,721

PepsiCo, Inc.		276,751		17,723,134

				36,696,408
Specialty Chemicals—0.36%
Rockwood Holdings, Inc. ^(b)		100,329		6,066,895

Specialty Stores—0.46%
Vitamin Shoppe, Inc. ^(b)		178,826		7,789,661

Systems Software—4.33%
Check Point Software Technologies Ltd. (Israel)^(b)		447,775		25,814,229

Oracle Corp.		704,192		21,534,191

Rovi Corp. ^(b)		493,617		26,146,893

				73,495,313

Technology Distributors—1.08%
Avnet, Inc. ^(b)		625,706		18,333,186


Trading Companies & Distributors—0.48%
Air Lease Corp. ^(b)(c)		334,584		8,173,887


Trucking—2.10%
J.B. Hunt Transport Services, Inc.		631,012		28,546,983

Ryder System, Inc.		127,085		7,157,427

				35,704,410
Total Common Stocks & Other Equity Interests (Cost $1,332,814,341)				1,650,593,894
Money Market Funds—2.69%
Liquid Assets Portfolio — Institutional Class ^(d)		22,882,443		22,882,443

Premier Portfolio — Institutional Class ^(d)		22,882,444		22,882,444

Total Money Market Funds (Cost $45,764,887)				45,764,887
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)—99.90% (Cost $1,378,579,228)				1,696,358,781

Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds—0.45%
Liquid Assets Portfolio — Institutional Class (Cost $7,627,390)^(d)(e)		7,627,390		7,627,390

TOTAL INVESTMENTS—100.35% (Cost $1,386,206,618)				1,703,986,171
OTHER ASSETS LESS LIABILITIES—(0.35)%				(5,973,805	)
NET ASSETS—100.00%			$	1,698,012,366

Investment Abbreviations:

ADR —American Depositary Receipt

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)		Non-income producing security.

^(c)		All or a portion of this security was out on loan at July 31, 2011.

^(d)		The money market fund and the Fund are affiliated by having the same investment adviser.

^(e)		The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

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

Invesco Summit Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Summit Fund

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.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Summit Fund

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.

NOTE 2 — Additional Valuation Information

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.

During the nine months ended July 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Equity Securities	$	1,663,403,381	$	40,582,790	$	—	$	1,703,986,171

NOTE 3 — 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 nine months ended July 31, 2011 was $853,095,312 and $946,580,589, 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.

Invesco Summit Fund

Item 2. Controls and Procedures.

(a)

As of September 16, 2011, 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 September 16, 2011, 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.


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	Shares		Value

Money Market Funds—(continued)
Premier Portfolio - Institutional Class^(d)		6,649,394	$	6,649,394

Total Money Market Funds (Cost $13,298,788)				13,298,788

TOTAL INVESTMENTS—100.92% (Cost $690,389,314)				782,188,306

OTHER ASSETS LESS LIABILITIES—(0.92)%				(7,095,051	)

NET ASSETS—100.00%			$	775,093,255



Aggregate unrealized appreciation of investment securities	$	124,406,978
Aggregate unrealized (depreciation) of investment securities		(32,856,282	)

Net unrealized appreciation of investment securities	$	91,550,696


Cost of investments for tax purposes is $690,637,610.



Aggregate unrealized appreciation of investment securities	$	542,859,014
Aggregate unrealized (depreciation) of investment securities		(71,247,803	)

Net unrealized appreciation of investment securities	$	471,611,211

Cost of investments for tax purposes is $2,400,787,180.


Aggregate unrealized appreciation of investment securities	$	40,580,820

Aggregate unrealized (depreciation) of investment securities		(9,826,893	)

Net unrealized appreciation of investment securities	$	30,753,927

Cost of investments for tax purposes is $191,963,496.


Aggregate unrealized appreciation of investment securities	$	371,985,305

Aggregate unrealized (depreciation) of investment securities		(54,721,918	)

Net unrealized appreciation of investment securities	$	317,263,387


Cost of investments for tax purposes is $1,386,722,784.


Registrant: AIM Equity Funds (Invesco Equity Funds)
By:	/s/ Philip A. Taylor
	Philip A. Taylor
	Principal Executive Officer



invesco.com/us	CDV-QTR-1 07/11	Invesco Advisers, Inc.



invesco.com/us	CHT-QTR-1 07/11	Invesco Advisers, Inc.



invesco.com/us	CST-QTR-1 07/11	Invesco Advisers, Inc.