NPORT-EX 2 edgar.htm
Schedule of Investments(a)
July 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.20%
Aerospace & Defense–2.40%
Howmet Aerospace, Inc. 613,989    $22,797,411
Raytheon Technologies Corp. 479,970    44,738,004
      67,535,415
Agricultural & Farm Machinery–1.51%
Deere & Co. 123,749    42,468,182
Air Freight & Logistics–1.48%
United Parcel Service, Inc., Class B 213,963    41,699,249
Apparel Retail–0.57%
Ross Stores, Inc. 197,457    16,045,356
Apparel, Accessories & Luxury Goods–0.78%
LVMH Moet Hennessy Louis Vuitton SE (France) 31,568    21,958,916
Asset Management & Custody Banks–1.02%
BlackRock, Inc. 43,152    28,876,455
Building Products–1.08%
Carrier Global Corp. 750,506    30,418,008
Cable & Satellite–1.14%
Comcast Corp., Class A 854,936    32,077,199
Communications Equipment–1.02%
Motorola Solutions, Inc. 120,775    28,815,707
Construction Materials–0.77%
Vulcan Materials Co. 131,517    21,743,706
Consumer Finance–0.99%
American Express Co. 180,663    27,825,715
Data Processing & Outsourced Services–2.28%
Visa, Inc., Class A(b) 302,752    64,216,727
Diversified Banks–2.39%
JPMorgan Chase & Co. 584,160    67,388,698
Electric Utilities–2.31%
American Electric Power Co., Inc. 323,015    31,836,358
NextEra Energy, Inc.(b) 393,243    33,225,101
      65,061,459
Electronic Manufacturing Services–1.11%
TE Connectivity Ltd. (Switzerland) 233,801    31,266,208
Environmental & Facilities Services–1.34%
Republic Services, Inc. 271,544    37,652,291
Fertilizers & Agricultural Chemicals–1.03%
Mosaic Co. (The) 549,266    28,924,348
Financial Exchanges & Data–3.34%
CME Group, Inc., Class A 110,958    22,133,902
Intercontinental Exchange, Inc. 313,682    31,992,427
S&P Global, Inc. 106,249    40,048,436
      94,174,765
  Shares Value
Footwear–1.07%
NIKE, Inc., Class B 263,597    $30,292,567
Gas Utilities–0.74%
Atmos Energy Corp.(b) 171,795    20,854,195
General Merchandise Stores–1.22%
Dollar General Corp. 138,877    34,501,213
Health Care Equipment–1.13%
Stryker Corp. 147,969    31,776,343
Health Care Supplies–0.70%
Cooper Cos., Inc. (The) 60,476    19,775,652
Home Improvement Retail–1.90%
Home Depot, Inc. (The) 177,762    53,495,696
Homebuilding–0.77%
D.R. Horton, Inc. 278,466    21,728,702
Hotels, Resorts & Cruise Lines–0.88%
Wyndham Hotels & Resorts, Inc. 357,553    24,817,754
Household Products–1.86%
Procter & Gamble Co. (The) 377,642    52,458,250
Industrial Conglomerates–1.27%
Honeywell International, Inc. 185,611    35,722,693
Industrial Machinery–0.96%
Otis Worldwide Corp. 345,553    27,011,878
Industrial REITs–1.48%
Prologis, Inc. 314,692    41,715,572
Insurance Brokers–1.80%
Marsh & McLennan Cos., Inc. 309,014    50,665,935
Integrated Oil & Gas–2.31%
Chevron Corp. 397,240    65,059,967
Integrated Telecommunication Services–1.23%
Verizon Communications, Inc. 749,221    34,606,518
Interactive Home Entertainment–1.43%
Electronic Arts, Inc. 306,715    40,250,209
Investment Banking & Brokerage–1.20%
Charles Schwab Corp. (The) 489,049    33,768,833
IT Consulting & Other Services–1.44%
Accenture PLC, Class A 132,551    40,595,069
Life Sciences Tools & Services–2.13%
Danaher Corp. 205,532    59,906,412
Managed Health Care–4.15%
Elevance Health, Inc. 80,118    38,224,298
UnitedHealth Group, Inc. 145,001    78,639,842
      116,864,140
 
See accompanying notes which are an integral part of this schedule.
Invesco Rising Dividends Fund
  Shares Value
Marine–0.32%
ZIM Integrated Shipping Services Ltd. (Israel)(b) 180,845     $9,009,698
Metal & Glass Containers–0.92%
Crown Holdings, Inc. 255,731    26,002,728
Office REITs–0.77%
Alexandria Real Estate Equities, Inc. 131,089    21,731,934
Oil & Gas Exploration & Production–1.53%
APA Corp. 317,698    11,808,835
Chesapeake Energy Corp.(b) 332,660    31,326,592
      43,135,427
Oil & Gas Storage & Transportation–0.65%
Cheniere Energy, Inc. 122,028    18,252,948
Packaged Foods & Meats–1.05%
Mondelez International, Inc., Class A 463,867    29,706,043
Pharmaceuticals–6.56%
AstraZeneca PLC, ADR (United Kingdom)(b) 465,413    30,824,303
Eli Lilly and Co. 177,760    58,605,695
Johnson & Johnson 327,683    57,187,237
Zoetis, Inc. 210,317    38,393,368
      185,010,603
Property & Casualty Insurance–1.15%
Allstate Corp. (The) 277,312    32,437,185
Railroads–1.52%
Union Pacific Corp. 188,466    42,838,322
Restaurants–2.69%
McDonald’s Corp. 167,545    44,126,327
Starbucks Corp. 374,852    31,779,952
      75,906,279
Semiconductor Equipment–1.95%
Applied Materials, Inc. 214,266    22,707,911
ASML Holding N.V., New York Shares (Netherlands) 55,980    32,157,151
      54,865,062
Semiconductors–3.85%
Broadcom, Inc. 50,698    27,147,765
NVIDIA Corp. 298,092    54,142,450
Texas Instruments, Inc. 151,932    27,179,115
      108,469,330
  Shares Value
Soft Drinks–3.24%
Coca-Cola Co. (The) 627,988    $40,297,990
PepsiCo, Inc. 291,153    50,940,129
      91,238,119
Specialized REITs–1.64%
American Tower Corp. 170,292    46,120,182
Specialty Chemicals–0.39%
PPG Industries, Inc. 86,250    11,151,263
Systems Software–7.01%
Microsoft Corp. 703,601   197,528,945
Technology Hardware, Storage & Peripherals–7.73%
Apple, Inc. 1,339,674   217,710,422
Total Common Stocks & Other Equity Interests (Cost $1,832,560,562) 2,795,130,492
Money Market Funds–0.30%
Invesco Government & Agency Portfolio, Institutional Class, 1.71%(c)(d) 2,868,433     2,868,433
Invesco Liquid Assets Portfolio, Institutional Class, 1.67%(c)(d) 2,342,493     2,342,493
Invesco Treasury Portfolio, Institutional Class, 1.66%(c)(d) 3,278,209     3,278,209
Total Money Market Funds (Cost $8,488,611) 8,489,135
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.50% (Cost $1,841,049,173)     2,803,619,627
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–4.00%
Invesco Private Government Fund, 1.77%(c)(d)(e) 31,556,249    31,556,249
Invesco Private Prime Fund, 1.89%(c)(d)(e) 81,144,641    81,144,641
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $112,700,691) 112,700,890
TOTAL INVESTMENTS IN SECURITIES–103.50% (Cost $1,953,749,864) 2,916,320,517
OTHER ASSETS LESS LIABILITIES—(3.50)% (98,641,801)
NET ASSETS–100.00% $2,817,678,716
Investment Abbreviations:
ADR – American Depositary Receipt
REIT – Real Estate Investment Trust
See accompanying notes which are an integral part of this schedule.
Invesco Rising Dividends Fund
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) All or a portion of this security was out on loan at July 31, 2022.
(c) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2022.
    
  Value
October 31, 2021 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
July 31, 2022 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $5,150,599 $88,355,380 $(90,637,546) $- $- $2,868,433 $6,701
Invesco Liquid Assets Portfolio, Institutional Class 3,973,053 63,110,985 (64,741,104) 524 (965) 2,342,493 10,522
Invesco Treasury Portfolio, Institutional Class 5,886,399 100,977,577 (103,585,767) - - 3,278,209 13,774
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund - 424,109,309 (392,553,060) - - 31,556,249 110,685*
Invesco Private Prime Fund - 945,000,569 (863,827,414) 199 (28,713) 81,144,641 314,680*
Total $15,010,051 $1,621,553,820 $(1,515,344,891) $723 $(29,678) $121,190,025 $456,362
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(d) The rate shown is the 7-day SEC standardized yield as of July 31, 2022.
(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.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Rising Dividends Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2022
(Unaudited)
NOTE 1—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, 2022. 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.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
Common Stocks & Other Equity Interests $2,773,171,576 $21,958,916 $— $2,795,130,492
Money Market Funds 8,489,135 112,700,890 — 121,190,025
Total Investments $2,781,660,711 $134,659,806 $— $2,916,320,517
Invesco Rising Dividends Fund