NPORT-EX 2 edgar.htm
Schedule of Investments
March 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–52.36%
Australia–2.75%
Ampol Ltd.       475      $9,723
APA Group     2,746     18,634
Aurizon Holdings Ltd.    11,102     24,994
BHP Group Ltd.    10,616    336,717
BlueScope Steel Ltd.       793     10,745
Brambles Ltd.     5,427     48,853
Coles Group Ltd.     1,453     17,519
CSL Ltd.       647    124,838
Endeavour Group Ltd.       809      3,669
Fortescue Metals Group Ltd.     2,424     36,452
Glencore PLC    17,330     99,684
James Hardie Industries PLC, CDI        88      1,889
Macquarie Group Ltd.       846     99,661
Mineral Resources Ltd.       101      5,473
Rio Tinto Ltd.     1,766    142,194
Rio Tinto PLC     4,332    293,602
Santos Ltd.       923      4,260
Sonic Healthcare Ltd.       523     12,225
South32 Ltd.    17,785     52,749
Telstra Group Ltd.    31,271     88,336
Wesfarmers Ltd.     3,398    114,542
WiseTech Global Ltd.       317     13,927
Woodside Energy Group Ltd.     1,920     43,262
Woolworths Group Ltd.     1,136     28,809
      1,632,757
Belgium–0.46%
Groupe Bruxelles Lambert N.V.     3,060    261,285
UCB S.A.       155     13,860
      275,145
Brazil–1.21%
Ambev S.A.     6,009     16,989
B3 S.A. - Brasil, Bolsa, Balcao    18,379     37,531
Banco BTG Pactual S.A., Series CPO    10,061     39,006
Centrais Eletricas Brasileiras S.A.     1,431      9,396
Cia de Saneamento Basico do Estado de Sao Paulo       826      8,248
Localiza Rent a Car S.A.     1,368     14,413
Localiza Rent a Car S.A., Rts., expiring 05/11/2023         6         15
M Dias Branco S.A.     1,283      6,384
Petroleo Brasileiro S.A., Preference Shares    45,361    209,870
Rumo S.A.     4,132     15,367
Telefonica Brasil S.A.     2,541     19,382
TIM S.A.    15,063     37,387
Vale S.A.    17,356    274,939
WEG S.A.     2,929     23,433
Yara International ASA       125      5,442
      717,802
Canada–5.14%
Alimentation Couche-Tard, Inc.       776     39,015
  Shares Value
Canada–(continued)
ARC Resources Ltd.     1,419     $16,096
BCE, Inc.     1,319     59,084
Brookfield Corp.     2,239     72,943
Canadian National Railway Co.     2,363    278,822
Canadian Natural Resources Ltd.     2,235    123,682
Canadian Pacific Railway Ltd.     1,852    142,610
CCL Industries, Inc., Class B     1,163     57,776
Cenovus Energy, Inc.     1,601     27,933
CGI, Inc., Class A(a)       504     48,573
Constellation Software, Inc.        75    141,005
Dollarama, Inc.     1,015     60,660
Emera, Inc.       121      4,971
Enbridge, Inc.     2,867    109,313
Fairfax Financial Holdings Ltd.        79     52,540
Fortis, Inc.     1,511     64,230
Franco-Nevada Corp.        39      5,689
George Weston Ltd.       162     21,468
Hydro One Ltd.(b)     1,528     43,505
Imperial Oil Ltd.       898     45,667
Intact Financial Corp.       534     76,423
Loblaw Cos. Ltd.       936     85,303
Lumine Group, Inc.(a)(b)       225      2,449
Magna International, Inc.       902     48,314
Manulife Financial Corp.    17,496    321,051
Metro, Inc.       517     28,438
Nutrien Ltd.     1,663    122,815
Open Text Corp.     1,692     65,264
Pembina Pipeline Corp.       166      5,377
Power Corp. of Canada     3,543     90,548
Quebecor, Inc., Class B     1,027     25,388
Ritchie Bros. Auctioneers, Inc.        88      4,951
Rogers Communications, Inc., Class B     1,115     51,679
Saputo, Inc.       432     11,178
Shaw Communications, Inc., Class B     2,040     61,041
Sun Life Financial, Inc.     2,194    102,500
Suncor Energy, Inc.     5,686    176,533
TC Energy Corp.     1,308     50,878
Teck Resources Ltd., Class B     2,046     74,710
TELUS Corp.     1,053     20,904
TFI International, Inc.       368     43,912
Thomson Reuters Corp.       322     41,895
Tourmaline Oil Corp.     1,418     59,091
West Fraser Timber Co. Ltd.       767     54,709
WSP Global, Inc.        48      6,287
      3,047,220
Chile–0.03%
Antofagasta PLC       100      1,957
Sociedad Quimica y Minera de Chile S.A., Class B, Preference Shares       187     15,009
      16,966
China–3.17%
Alibaba Group Holding Ltd.(a)    14,182    180,363
 
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
  Shares Value
China–(continued)
ANTA Sports Products Ltd.     1,235     $17,965
Autohome, Inc., ADR       239      7,999
China Coal Energy Co. Ltd., H Shares    15,818     12,020
China Feihe Ltd.(b)    16,147     12,220
China Hongqiao Group Ltd.    19,382     18,659
China Life Insurance Co. Ltd., H Shares    86,571    142,597
China National Building Material Co. Ltd., H Shares    29,415     24,126
China Petroleum & Chemical Corp., H Shares   241,482    142,310
China Shenhua Energy Co. Ltd., H Shares     8,491     26,780
China Tower Corp. Ltd., H Shares(b)   362,908     43,900
CITIC Ltd.    77,912     91,405
COSCO SHIPPING Holdings Co. Ltd., H Shares    58,726     66,193
CSPC Pharmaceutical Group Ltd.     5,663      5,563
Daqo New Energy Corp., ADR(a)       368     17,237
Dongfeng Motor Group Co. Ltd., H Shares    82,221     38,709
East Buy Holding Ltd.(a)(b)     2,152      9,227
ENN Energy Holdings Ltd.     1,236     16,884
Fufeng Group Ltd.    17,300      9,965
Haichang Ocean Park Holdings Ltd.(a)(b)     6,080      1,330
JD.com, Inc., A Shares     1,930     42,299
Kingboard Holdings Ltd.     8,271     25,463
Kunlun Energy Co. Ltd.    35,958     28,182
Lenovo Group Ltd.    33,927     36,752
Lufax Holding Ltd., ADR    13,262     27,054
NetEase, Inc.     3,120     55,146
New Oriental Education & Technology Group, Inc., ADR(a)       421     16,255
Nongfu Spring Co. Ltd., H Shares(b)     5,699     32,723
NXP Semiconductors N.V.       248     46,246
PDD Holdings, Inc., ADR(a)     1,655    125,614
People’s Insurance Co. Group of China Ltd. (The), H Shares   157,382     52,691
PetroChina Co. Ltd., H Shares   195,116    115,745
PICC Property & Casualty Co. Ltd., H Shares    47,020     48,029
Ping An Insurance (Group) Co. of China Ltd., H Shares    15,761    102,153
Prosus N.V.(a)     2,085    163,052
Shanghai Fudan Microelectronics Group Co. Ltd., H Shares     1,902      7,037
Sino Biopharmaceutical Ltd.    22,742     12,713
Tencent Music Entertainment Group, ADR(a)     1,833     15,177
Yangzijiang Shipbuilding Holdings Ltd.    20,289     18,379
Yankuang Energy Group Co. Ltd., H Shares     3,996     14,289
Yum China Holdings, Inc.       149      9,445
      1,879,896
Denmark–1.62%
AP Moller - Maersk A/S, Class B        80    144,978
Carlsberg A/S, Class B        22      3,402
Novo Nordisk A/S, Class B     5,013    795,526
Tryg A/S       853     18,627
      962,533
Finland–0.25%
Kone OYJ, Class B       346     18,048
Neste OYJ       170      8,385
Sampo OYJ, Class A       747     35,237
  Shares Value
Finland–(continued)
UPM-Kymmene OYJ     2,557     $85,868
      147,538
France–4.06%
Air Liquide S.A.       952    159,488
Arkema S.A.         7        692
AXA S.A.     5,150    157,471
Bollore SE     7,313     45,136
Bouygues S.A.     1,765     59,529
Capgemini SE       100     18,601
Carrefour S.A.     1,923     38,875
Cie Generale des Etablissements Michelin S.C.A.       545     16,681
Danone S.A.     1,875    116,565
Dassault Systemes SE       653     26,969
Edenred       181     10,709
Eiffage S.A.       168     18,186
ENGIE S.A.     4,298     67,972
EssilorLuxottica S.A.       248     44,770
Hermes International        25     50,640
Kering S.A.       102     66,571
Legrand S.A.       544     49,759
L’Oreal S.A.       542    242,492
LVMH Moet Hennessy Louis Vuitton SE       320    293,266
Orange S.A.     9,668    114,877
Pernod Ricard S.A.       306     69,333
Publicis Groupe S.A.       604     47,188
Renault S.A.(a)       674     27,519
Safran S.A.       460     68,313
Sartorius Stedim Biotech         2        614
Schneider Electric SE       761    127,216
SCOR SE       904     20,554
TotalEnergies SE     3,207    189,222
Vinci S.A.     1,338    153,535
Vivendi SE     9,766     98,582
Worldline S.A.(a)(b)       100      4,250
      2,405,575
Germany–2.70%
Allianz SE       925    213,529
BASF SE     1,002     52,551
Bayer AG       149      9,491
Bayerische Motoren Werke AG     1,048    114,747
Daimler Truck Holding AG(a)     1,058     35,732
Deutsche Bank AG     6,235     63,224
Deutsche Boerse AG       434     84,466
Deutsche Post AG     1,681     78,520
Deutsche Telekom AG     3,592     87,001
Fresenius Medical Care AG & Co. KGaA       483     20,483
Fresenius SE & Co. KGaA     1,668     44,964
Hannover Rueck SE        36      7,042
HeidelbergCement AG       249     18,162
Knorr-Bremse AG       124      8,243
LEG Immobilien SE        72      3,942
Mercedes-Benz Group AG     1,844    141,652
Merck KGaA       205     38,114
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R       225     78,692
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
  Shares Value
Germany–(continued)
Porsche Automobil Holding SE, Preference Shares       385     $22,096
Rheinmetall AG        50     14,853
RWE AG       953     40,968
SAP SE     1,372    172,594
Siemens AG       260     42,086
thyssenkrupp AG       317      2,276
Volkswagen AG, Preference Shares     1,466    200,042
Vonovia SE       215      4,043
      1,599,513
Greece–0.19%
Hellenic Telecommunications Organization S.A.     5,568     81,515
JUMBO S.A.     1,403     29,721
      111,236
Hong Kong–0.78%
AIA Group Ltd.     4,942     51,928
CK Asset Holdings Ltd.     8,990     54,464
CK Hutchison Holdings Ltd.    16,290    101,152
Henderson Land Development Co. Ltd.     2,635      9,122
Hong Kong Exchanges & Clearing Ltd.       498     22,104
Jardine Matheson Holdings Ltd.     1,061     51,685
Kerry Properties Ltd.    10,987     28,200
MTR Corp. Ltd.     3,996     19,329
Sun Hung Kai Properties Ltd.     6,885     96,837
Swire Pacific Ltd., Class A     2,796     21,533
WH Group Ltd.     9,251      5,499
      461,853
Hungary–0.09%
MOL Hungarian Oil & Gas PLC     7,531     55,116
India–0.34%
Dr. Reddy’s Laboratories Ltd., ADR       175      9,963
Infosys Ltd., ADR     5,007     87,322
Piramal Enterprises Ltd.     2,185     18,074
SBI Cards & Payment Services Ltd.     7,543     67,950
Tata Steel Ltd.    14,499     18,501
      201,810
Indonesia–0.21%
PT Adaro Energy Indonesia Tbk   104,977     20,343
PT Astra International Tbk   115,724     46,456
PT Telkom Indonesia (Persero) Tbk   219,337     59,465
      126,264
Ireland–0.43%
CRH PLC     2,811    142,063
Flutter Entertainment PLC(a)       154     28,002
Kerry Group PLC, Class A       824     82,119
      252,184
Israel–0.18%
Check Point Software Technologies Ltd.(a)       399     51,870
Elbit Systems Ltd.       117     19,877
Nice Ltd.(a)       153     34,827
      106,574
  Shares Value
Italy–0.27%
Enel S.p.A.     3,135     $19,146
Eni S.p.A.     3,517     49,266
Ferrari N.V.       188     50,918
Poste Italiane S.p.A.(b)     1,450     14,841
Prysmian S.p.A.       312     13,136
Snam S.p.A.     2,152     11,423
      158,730
Japan–8.43%
Ajinomoto Co., Inc.       899     31,285
Astellas Pharma, Inc.     1,698     24,153
Bridgestone Corp.     1,230     49,967
Brother Industries Ltd.     1,335     20,137
Canon, Inc.     3,495     78,400
Central Japan Railway Co.       355     42,383
Chugai Pharmaceutical Co. Ltd.       300      7,415
Dai Nippon Printing Co. Ltd.       810     22,632
Dai-ichi Life Holdings, Inc.     1,219     22,398
Daiichi Sankyo Co. Ltd.     5,070    185,038
Daito Trust Construction Co. Ltd.        59      5,888
Daiwa House Industry Co. Ltd.       816     19,222
Denso Corp.       245     13,830
East Japan Railway Co.       515     28,480
Ebara Corp.       448     20,842
Eisai Co. Ltd.       240     13,656
ENEOS Holdings, Inc.    13,822     48,481
FANUC Corp.     1,715     61,843
FUJIFILM Holdings Corp.     1,335     67,817
Fujitsu Ltd.        78     10,543
Hankyu Hanshin Holdings, Inc.       772     22,908
Hitachi Ltd.     1,055     57,990
Honda Motor Co. Ltd.     6,237    165,909
Hoya Corp.       366     40,473
Idemitsu Kosan Co. Ltd.       346      7,567
IHI Corp.       393      9,860
Inpex Corp.     3,511     37,357
ITOCHU Corp.     2,513     81,831
Japan Post Holdings Co. Ltd.    25,400    206,675
Japan Tobacco, Inc.     3,102     65,473
Kao Corp.        59      2,304
KDDI Corp.     5,666    174,975
Keyence Corp.       209    102,466
Kintetsu Group Holdings Co. Ltd.       166      5,339
Komatsu Ltd.     2,322     57,606
Konami Group Corp.       105      4,820
Kubota Corp.     2,183     33,068
Kyocera Corp.       890     46,427
Marubeni Corp.     1,826     24,822
Marui Group Co. Ltd.     4,459     68,228
MEIJI Holdings Co. Ltd.       178      4,233
Mitsubishi Chemical Group Corp.     2,345     13,953
Mitsubishi Corp.     3,140    112,890
Mitsubishi Electric Corp.     4,718     56,349
Mitsubishi Estate Co. Ltd.     2,298     27,436
Mitsubishi Heavy Industries Ltd.     1,276     47,050
Mitsui & Co. Ltd.     4,399    137,095
Mitsui Fudosan Co. Ltd.     1,286     24,167
Mitsui OSK Lines Ltd.     1,628     40,739
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
  Shares Value
Japan–(continued)
MS&AD Insurance Group Holdings, Inc.     1,062     $32,978
Murata Manufacturing Co. Ltd.       553     33,768
NEC Corp.       538     20,772
Nexon Co. Ltd.       481     11,484
NGK Insulators Ltd.     3,076     40,721
Nintendo Co. Ltd.     2,197     85,168
Nippon Steel Corp.     1,698     40,074
Nippon Telegraph & Telephone Corp.     8,843    264,118
Nippon Yusen K.K.     2,857     66,760
Nissan Motor Co. Ltd.     4,361     16,591
Nomura Holdings, Inc.    21,034     81,198
Nomura Research Institute Ltd.       406      9,441
Oji Holdings Corp.    21,775     86,216
Olympus Corp.     1,621     28,468
Oriental Land Co. Ltd.       510     17,440
ORIX Corp.     5,458     90,017
Otsuka Holdings Co. Ltd.       102      3,252
Pan Pacific International Holdings Corp.       591     11,437
Recruit Holdings Co. Ltd.     2,192     60,757
Resona Holdings, Inc.    57,763    279,228
Ricoh Co. Ltd.     1,229      9,219
SBI Holdings, Inc.     2,297     45,591
Secom Co. Ltd.       300     18,465
Seiko Epson Corp.     1,411     20,077
Seven & i Holdings Co. Ltd.       699     31,532
Shin-Etsu Chemical Co. Ltd.     2,000     64,869
SMC Corp.       132     69,986
SoftBank Corp.    10,855    125,216
SoftBank Group Corp.     1,175     46,253
Sompo Holdings, Inc.       798     31,671
Sony Group Corp.       417     37,911
Sumitomo Chemical Co. Ltd.       202        679
Sumitomo Corp.     1,798     31,845
Taisei Corp.        64      1,979
Takeda Pharmaceutical Co. Ltd.     6,549    215,106
Tokio Marine Holdings, Inc.     4,853     93,572
Tokyo Electron Ltd.       480     58,690
Tokyo Gas Co. Ltd.       274      5,159
Tokyu Corp.     1,572     20,907
Toppan, Inc.     1,459     29,391
Toshiba Corp.       334     11,192
Tosoh Corp.         7         95
Toyota Industries Corp.     1,303     72,559
Toyota Motor Corp.    14,259    202,980
Trend Micro, Inc.       168      8,237
Unicharm Corp.       170      6,988
Yakult Honsha Co. Ltd.        52      3,780
      4,998,257
Kuwait–0.14%
Mobile Telecommunications Co. KSCP    45,555     80,313
Luxembourg–0.18%
ArcelorMittal S.A.     3,568    108,195
Malaysia–0.14%
IHH Healthcare Bhd.    19,819     25,846
Tenaga Nasional Bhd.    26,773     56,017
      81,863
  Shares Value
Mexico–0.17%
Grupo Bimbo S.A.B. de C.V., Series A     3,696     $18,599
Wal-Mart de Mexico S.A.B. de C.V., Series V    20,158     80,576
      99,175
Netherlands–2.15%
Argenx SE(a)        41     15,149
ASML Holding N.V.       717    489,922
ASR Nederland N.V.       549     21,885
EXOR N.V.(a)     1,251    103,088
Heineken Holding N.V.       537     49,327
Heineken N.V.       470     50,598
Koninklijke Ahold Delhaize N.V.     4,525    154,780
Koninklijke DSM N.V.        50      5,910
Koninklijke KPN N.V.       781      2,758
Koninklijke Philips N.V.     5,523    100,827
OCI N.V.       401     13,612
Randstad N.V.        61      3,621
Shell PLC     6,029    172,645
Universal Music Group N.V.     1,167     29,501
Wolters Kluwer N.V.       504     63,599
      1,277,222
New Zealand–0.02%
Spark New Zealand Ltd.     3,960     12,559
Norway–0.24%
Aker BP ASA       354      8,686
Equinor ASA     3,673    104,457
Gjensidige Forsikring ASA     1,653     27,089
Schibsted ASA, Class A        28        476
Telenor ASA       268      3,146
      143,854
Philippines–0.07%
SM Prime Holdings, Inc.    71,886     43,430
Poland–0.03%
Polski Koncern Naftowy ORLEN S.A.     1,354     18,330
Portugal–0.01%
Jeronimo Martins SGPS S.A.       134      3,142
Qatar–0.32%
Barwa Real Estate Co.   170,864    122,427
Ooredoo Q.P.S.C.    26,886     69,382
      191,809
Russia–0.00%
Tatneft PJSC, ADR(c)       576          0
X5 Retail Group N.V., GDR(a)(b)(c)       422          0
      0
Singapore–0.00%
Jardine Cycle & Carriage Ltd.        83      1,961
South Africa–0.65%
Anglo American PLC     3,214    106,375
Aspen Pharmacare Holdings Ltd.        69        711
Exxaro Resources Ltd.       985     10,344
FirstRand Ltd.    15,827     53,743
Impala Platinum Holdings Ltd.       475      4,369
Investec Ltd.     7,054     38,881
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
  Shares Value
South Africa–(continued)
Naspers Ltd., Class N       149     $27,438
Old Mutual Ltd.    50,693     33,641
Remgro Ltd.     5,640     42,574
Sappi Ltd.     4,259     10,958
Sasol Ltd.     1,472     19,910
Shoprite Holdings Ltd.       730      9,113
Sibanye Stillwater Ltd.     2,681      5,525
Thungela Resources Ltd.       563      6,393
Woolworths Holdings Ltd.     4,620     16,586
      386,561
South Korea–1.44%
E-MART, Inc.       155     12,609
GS Holdings Corp.       798     24,861
HMM Co. Ltd.(a)     2,436     38,392
Hyundai Mobis Co. Ltd.       119     19,851
Hyundai Motor Co.         2        285
Hyundai Steel Co.       272      7,284
Kia Corp.       429     26,871
KT Corp.       815     18,477
KT&G Corp.       617     39,811
Kumho Petrochemical Co. Ltd.(a)        54      5,997
LG Chem Ltd.        15      8,283
LG Corp.(a)       679     43,288
LG Display Co. Ltd.(a)     2,573     32,746
LG Energy Solution Ltd.(a)        43     19,446
LG Uplus Corp.        52        434
NAVER Corp.       336     52,891
Posco Future M Co. Ltd.         9      1,901
POSCO Holdings, Inc.       208     59,300
Samsung Biologics Co. Ltd.(a)(b)         8      4,864
Samsung C&T Corp.       439     36,661
Samsung Electro-Mechanics Co. Ltd.        67      7,921
Samsung Electronics Co. Ltd.     3,953    196,023
Samsung SDI Co. Ltd.        47     26,787
SK hynix, Inc.     1,938    133,665
SK Telecom Co. Ltd.     1,001     37,217
      855,865
Spain–1.17%
ACS Actividades de Construccion y Servicios S.A.     2,356     75,073
Cellnex Telecom S.A.(b)       445     17,322
Ferrovial S.A.     1,459     42,919
Iberdrola S.A.    19,446    242,225
Industria de Diseno Textil S.A.       732     24,583
Red Electrica Corp. S.A.       784     13,791
Repsol S.A.     5,612     86,387
Telefonica S.A.    44,624    192,561
      694,861
Sweden–0.82%
Atlas Copco AB, Class A     2,398     30,403
Industrivarden AB, Class C     2,233     60,253
Investor AB, Class B    10,758    214,310
L E Lundbergforetagen AB, Class B       746     33,800
Telefonaktiebolaget LM Ericsson, Class B     9,570     56,218
Volvo AB, Class B     4,322     89,146
      484,130
  Shares Value
Switzerland–1.32%
ABB Ltd.     1,064     $36,487
Julius Baer Group Ltd.(a)        81      5,546
Novartis AG     5,272    483,995
Partners Group Holding AG        66     62,227
Schindler Holding AG, PC        77     17,033
UBS Group AG     6,101    128,830
Zurich Insurance Group AG       100     47,849
      781,967
Taiwan–1.98%
ASE Technology Holding Co. Ltd.       980      3,626
Asustek Computer, Inc.     4,994     44,891
AUO Corp.    48,468     29,498
Catcher Technology Co. Ltd.     2,957     18,464
Cathay Financial Holding Co. Ltd.    23,596     32,535
Chailease Holding Co. Ltd.       804      5,949
Chunghwa Telecom Co. Ltd.    13,788     54,249
Delta Electronics, Inc.     2,413     23,967
E Ink Holdings, Inc.       618      3,785
Evergreen Marine Corp. Taiwan Ltd.     4,166     21,834
Far Eastern New Century Corp.    11,053     11,394
Far EasTone Telecommunications Co. Ltd.     8,177     20,230
Formosa Chemicals & Fibre Corp.     6,992     15,900
Formosa Plastics Corp.     7,991     24,178
Fubon Financial Holding Co. Ltd.    18,071     33,718
Hon Hai Precision Industry Co. Ltd.    18,836     64,615
Innolux Corp.    78,217     37,517
Inventec Corp.     2,277      2,398
Lite-On Technology Corp.       999      2,419
Novatek Microelectronics Corp.     1,309     18,626
Pegatron Corp.    18,978     43,627
Taiwan Mobile Co. Ltd.     8,425     27,999
Taiwan Semiconductor Manufacturing Co. Ltd.    30,289    536,596
Uni-President Enterprises Corp.    18,493     43,806
Wan Hai Lines Ltd.     7,908     17,863
Yang Ming Marine Transport Corp.    14,997     31,853
      1,171,537
Thailand–0.20%
Advanced Info Service PCL, NVDR     5,793     35,939
Airports of Thailand PCL, NVDR(a)     3,724      7,743
Delta Electronics Thailand PCL, NVDR       805     27,055
PTT Exploration & Production PCL, NVDR     3,453     15,254
PTT PCL, NVDR    37,785     34,847
      120,838
Turkey–0.26%
BIM Birlesik Magazalar A.S.     3,274     25,311
KOC Holding A.S.    11,737     46,617
Turk Hava Yollari AO(a)     4,840     29,788
Turkiye Petrol Rafinerileri A.S.(a)       691     19,022
Turkiye Sise ve Cam Fabrikalari A.S.    14,513     31,893
      152,631
United Arab Emirates–0.43%
Emaar Properties PJSC    25,565     39,005
International Holding Co. PJSC(a)     1,901    205,077
Multiply Group PJSC(a)    13,233     11,684
      255,766
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
  Shares Value
United Kingdom–4.78%
3i Group PLC     5,457    $113,788
Ashtead Group PLC        10        613
AstraZeneca PLC     3,268    453,599
Aviva PLC    14,718     73,567
BAE Systems PLC     6,079     73,696
BP PLC    29,349    185,807
British American Tobacco PLC     6,520    228,492
BT Group PLC    11,402     20,516
CNH Industrial N.V.     2,697     41,257
Coca-Cola Europacific Partners PLC       275     16,277
Compass Group PLC       241      6,060
Diageo PLC     5,467    243,994
Experian PLC       204      6,715
Imperial Brands PLC     2,261     51,996
InterContinental Hotels Group PLC       600     39,425
International Distributions Services PLC     6,312     17,554
J Sainsbury PLC    11,467     39,488
Johnson Matthey PLC       203      4,975
Legal & General Group PLC     4,404     13,026
London Stock Exchange Group PLC       497     48,301
M&G PLC    14,462     35,423
Man Group PLC    11,830     34,436
Marks & Spencer Group PLC(a)       217        448
National Grid PLC     5,533     75,103
Pearson PLC     2,446     25,527
Phoenix Group Holdings PLC       726      4,904
Reckitt Benckiser Group PLC     1,521    115,557
RELX PLC     3,532    114,339
Rentokil Initial PLC     1,669     12,203
Rightmove PLC       736      5,132
Sage Group PLC (The)     2,913     27,911
Smiths Group PLC     1,255     26,597
Spirax-Sarco Engineering PLC        98     14,382
SSE PLC     2,296     51,142
Tesco PLC    30,891    101,294
Unilever PLC     6,406    331,881
United Utilities Group PLC       202      2,641
Vodafone Group PLC   125,513    138,728
Wise PLC, Class A(a)       342      2,302
WPP PLC     2,716     32,223
      2,831,319
United States–3.53%
Atlassian Corp., Class A(a)       329     56,315
Computershare Ltd.       376      5,450
Ferguson PLC       357     47,112
GSK PLC     8,375    149,371
JBS S.A.     4,099     14,436
Nestle S.A.     4,516    551,299
Roche Holding AG     2,441    698,583
Sanofi     3,273    356,437
Signify N.V.       319     10,636
Stellantis N.V.     9,592    174,535
Swiss Re AG       266     27,360
      2,091,534
Total Common Stocks & Other Equity Interests (Cost $29,700,485) 31,045,831
  Principal
Amount 		Value
Equity Linked Notes–29.89%
Canada–11.50%
Bank of Montreal, 29.81%, 04/24/2023(b)   $1,153,000  $1,172,939
Bank of Montreal, 27.87%, 05/05/2023(b)   1,154,000  1,157,473
Canadian Imperial Bank of Commerce, 26.00%, 05/08/2023(b)   1,185,000  1,181,490
Royal Bank of Canada, 23.75%, 04/14/2023(b)   1,159,000  1,163,208
Toronto-Dominion Bank (The), 24.00%, 04/10/2023(b)   1,134,000  1,145,454
Toronto-Dominion Bank (The), 23.00%, 05/02/2023(b)   1,008,000  1,000,786
      6,821,350
France–1.77%
BNP Paribas S.A., 25.55%, 04/12/2023(b)   1,049,000  1,050,126
Netherlands–1.66%
BNP Paribas Issuance B.V., 20.34%, 05/09/2023(b)     986,000    986,000
United Kingdom–5.37%
Goldman Sachs International, 18.12%, 04/25/2023(b)   1,011,000  1,027,442
HSBC Bank PLC, 26.09%, 04/17/2023(b)   1,161,000  1,166,057
HSBC Holdings PLC, 23.82%, 04/18/2023(b)     986,000    989,138
      3,182,637
United States–9.59%
Citigroup Global Markets Holdings, Inc., 26.22%, 04/28/2023(b)   1,160,000  1,167,748
Citigroup Global Markets Holdings, Inc., 21.48%, 04/03/2023(b)   1,143,000  1,139,080
Goldman Sachs Group, Inc. (The), 18.70%, 04/21/2023(b)   1,161,000  1,184,276
J.P. Morgan Structured Products B.V., 21.52%, 04/11/2023(b)   1,142,000  1,151,973
J.P. Morgan Structured Products B.V., 25.37%, 04/04/2023   1,043,000  1,040,640
      5,683,717
Total Equity Linked Notes (Cost $17,635,000) 17,723,830
  Shares  
Money Market Funds–20.38%
Invesco Government & Agency Portfolio, Institutional Class, 4.73%(d)(e) 4,232,661  4,232,661
Invesco Liquid Assets Portfolio, Institutional Class, 4.84%(d)(e) 3,014,227  3,014,830
Invesco Treasury Portfolio, Institutional Class, 4.72%(d)(e) 4,837,327  4,837,327
Total Money Market Funds (Cost $12,083,777) 12,084,818
TOTAL INVESTMENTS IN SECURITIES—102.63% (Cost $59,419,262) 60,854,479
OTHER ASSETS LESS LIABILITIES–(2.63)% (1,557,851)
NET ASSETS–100.00% $59,296,628
See accompanying notes which are an integral part of this schedule.
Invesco Income Advantage International Fund
Investment Abbreviations:
ADR – American Depositary Receipt
CDI – CREST Depository Interest
CPO – Certificates of Ordinary Participation
GDR – Global Depositary Receipt
NVDR – Non-Voting Depositary Receipt
PC – Participation Certificate
Rts. – Rights
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at March 31, 2023 was $16,869,821, which represented 28.45% of the Fund’s Net Assets.
(c) Security valued using significant unobservable inputs (Level 3). See Note 1.
(d) 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 three months ended March 31, 2023.
    
  Value
December 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
March 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $3,926,442 $9,627,311 $(9,321,092) $- $- $4,232,661 $46,774
Invesco Liquid Assets Portfolio, Institutional Class 2,796,563 6,876,651 (6,657,924) (283) (177) 3,014,830 33,724
Invesco Treasury Portfolio, Institutional Class 4,487,362 11,002,642 (10,652,677) - - 4,837,327 53,442
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 17,120 11,536 (28,656) - - - 134*
Invesco Private Prime Fund 41,740 11,892 (53,625) (7) - - 361*
Total $11,269,227 $27,530,032 $(26,713,974) $(290) $(177) $12,084,818 $134,435
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of March 31, 2023.
    
Open Futures Contracts
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
Equity Risk
MSCI EAFE Index Future 10 June-2023 $1,048,250 $64,764 $64,764
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 Income Advantage International Fund
Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2023
(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. 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 Invesco Advisers, Inc.’s 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 March 31, 2023. 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        
Australia $— $1,632,757 $— $1,632,757
Belgium — 275,145 — 275,145
Brazil 712,360 5,442 — 717,802
Canada 3,047,220 6,821,350 — 9,868,570
Chile 15,009 1,957 — 16,966
China 265,027 1,614,869 — 1,879,896
Denmark — 962,533 — 962,533
Finland — 147,538 — 147,538
France — 3,455,701 — 3,455,701
Germany — 1,599,513 — 1,599,513
Greece — 111,236 — 111,236
Hong Kong — 461,853 — 461,853
Hungary 55,116 — — 55,116
India 97,285 104,525 — 201,810
Indonesia — 126,264 — 126,264
Ireland — 252,184 — 252,184
Israel 51,870 54,704 — 106,574
Italy — 158,730 — 158,730
Japan — 4,998,257 — 4,998,257
Kuwait — 80,313 — 80,313
Luxembourg — 108,195 — 108,195
Malaysia — 81,863 — 81,863
Mexico 99,175 — — 99,175
Netherlands 15,149 2,248,073 — 2,263,222
New Zealand — 12,559 — 12,559
Norway — 143,854 — 143,854
Philippines — 43,430 — 43,430
Poland — 18,330 — 18,330
Portugal — 3,142 — 3,142
Qatar — 191,809 — 191,809
Russia — — 0 0
Singapore — 1,961 — 1,961
South Africa — 386,561 — 386,561
South Korea — 855,865 — 855,865
Spain — 694,861 — 694,861
Sweden — 484,130 — 484,130
Switzerland — 781,967 — 781,967
Taiwan — 1,171,537 — 1,171,537
Thailand — 120,838 — 120,838
Turkey — 152,631 — 152,631
Invesco Income Advantage International Fund
  Level 1 Level 2 Level 3 Total
United Arab Emirates $— $255,766 $— $255,766
United Kingdom 16,277 5,997,679 — 6,013,956
United States 70,751 7,704,500 — 7,775,251
Money Market Funds 12,084,818 — — 12,084,818
Total Investments in Securities 16,530,057 44,324,422 0 60,854,479
Other Investments - Assets*        
Futures Contracts 64,764 — — 64,764
Total Investments $16,594,821 $44,324,422 $0 $60,919,243
    
* Unrealized appreciation.
Invesco Income Advantage International Fund