0001752724-20-066236.txt : 20200331 0001752724-20-066236.hdr.sgml : 20200331 20200331063506 ACCESSION NUMBER: 0001752724-20-066236 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200131 FILED AS OF DATE: 20200331 PERIOD START: 20200430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) CENTRAL INDEX KEY: 0000725781 IRS NUMBER: 840933032 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03826 FILM NUMBER: 20759575 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM SECTOR FUNDS DATE OF NAME CHANGE: 20031126 FORMER COMPANY: FORMER CONFORMED NAME: AIM SECTOR FUNDS INC DATE OF NAME CHANGE: 20031001 FORMER COMPANY: FORMER CONFORMED NAME: INVESCO SECTOR FUNDS INC DATE OF NAME CHANGE: 19990330 0000725781 S000000157 INVESCO Gold & Precious Metals Fund C000000347 Class A IGDAX C000000349 Class C IGDCX C000000350 Investor Class FGLDX C000071332 Class Y IGDYX C000188944 Class R6 NPORT-P 1 primary_doc.xml NPORT-P false 0000725781 XXXXXXXX S000000157 C000000350 C000000349 C000188944 C000071332 C000000347 AIM Sector Funds (Invesco Sector Funds) 811-03826 0000725781 C791731MUP758KD8DB31 11 Greenway Plaza Suite 1000 Houston 77046-1173 800-959-4246 Invesco Gold & Precious Metals Fund S000000157 549300PLSN2064Z4HE61 2020-04-30 2020-01-31 N 233814296.63 1695923.09 232118373.54 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N Endeavour Mining Corp. 529900R1F0JCJDI3A443 Endeavour Mining Corp. G3040R158 436759.00000000 NS 8943757.67000000 3.853101989989 Long EC CORP KY N 1 N N N Gold Road Resources Ltd. 213800HJWH96TDEMNY83 Gold Road Resources Ltd. N/A 2621055.00000000 NS 2522020.31000000 1.086523342179 Long EC CORP AU N 2 N N N B2Gold Corp. 549300F7OK456M5NLM05 B2Gold Corp. 11777Q209 2611461.00000000 NS 11306990.73000000 4.871217455800 Long EC CORP CA N 1 N N N Roxgold, Inc. 529900PUOD77B2C12763 Roxgold, Inc. 779899202 4198093.00000000 NS 3299090.77000000 1.421296694305 Long EC CORP CA N 1 N N N Detour Gold Corp. 549300KNDXOG0N6VEF20 Detour Gold Corp. 250669108 246297.00000000 NS 4410789.56000000 1.900232839275 Long EC CORP CA N 1 N N N SEMAFO, Inc. 549300S05TET4DCD2F17 SEMAFO, Inc. 816922108 2010080.00000000 NS 4237662.99000000 1.825647373524 Long EC CORP CA N 1 N N N Boart Longyear Ltd. 549300GTMW4DNIWH3044 Boart Longyear Ltd. N/A 26944.00000000 NS 27011.53000000 0.011636963325 Long EC CORP AU N 2 N N N Newmont Goldcorp Corp. 549300VSP3RIX7FGDZ51 Newmont Goldcorp Corp. 651639106 272727.00000000 NS USD 12289078.62000000 5.294315323936 Long EC CORP US N 1 N N N iShares Gold Trust - ETF 5493006UOY7GXQW0IP42 iShares Gold Trust - ETF 464285105 564600.00000000 NS USD 8564982.00000000 3.689919875525 Long EC RF US N 1 N N N Agnico Eagle Mines Ltd. YGE0EUBRF7IJOB3QRX76 Agnico Eagle Mines Ltd. 008474108 181239.00000000 NS USD 11204194.98000000 4.826931538906 Long EC CORP CA N 1 N N N Wheaton Precious Metals Corp. 549300XSFG5ZCGVYD886 Wheaton Precious Metals Corp. 962879102 340155.00000000 NS USD 10017564.75000000 4.315713830501 Long EC CORP CA N 1 N N N Bellevue Gold Ltd. N/A Bellevue Gold Ltd. N/A 2809025.00000000 NS 904848.75000000 0.389822113691 Long EC CORP AU N 2 N N N First Quantum Minerals Ltd. 549300I7UVBGWRYMYZ18 First Quantum Minerals Ltd. 335934105 502309.00000000 NS 3932236.09000000 1.694064985046 Long EC CORP CA N 1 N N N Cardinal Resources Ltd. 5299007DZZWAZ66ZHC16 Cardinal Resources Ltd. Q2097B107 9329307.00000000 NS 2396829.67000000 1.032589378189 Long EC CORP AU N 1 N N N N/A N/A Boart Longyear Ltd., Wts., expiring September 13, 2024 N/A 37293.00000000 NS 4867.97000000 0.002097192878 N/A DE N/A N 1 Boart Longyear Ltd 549300GTMW4DNIWH3044 Call Purchased Boart Longyear Ltd Boart Longyear Ltd. 1.00000000 6.3 AUD 2024-09-13 XXXX -3342280.48 N N N Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 3180199.54000000 NS USD 3180199.54000000 1.370076608542 Long STIV RF US N 1 N N N Sabina Gold & Silver Corp. 529900MU3GT5P0ZH7V65 Sabina Gold & Silver Corp. 785246703 221070.00000000 NS 297343.66000000 0.128100010122 Long EC CORP CA N 1 N N N Invesco Liquid Assets Portfolio N/A Invesco Liquid Assets Portfolio N/A 1653758.30000000 NS USD 1654419.80000000 0.712748316632 Long STIV RF US N 1 N N N Franco-Nevada Corp. N/A Franco-Nevada Corp. 351858105 103801.00000000 NS 11798990.80000000 5.083178302542 Long EC CORP CA N 1 N N N Turquoise Hill Resources Ltd. N/A Turquoise Hill Resources Ltd. 900435108 10920565.00000000 NS 7096634.35000000 3.057334170393 Long EC CORP CA N 1 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 2782674.56000000 NS USD 2782674.56000000 1.198817016318 Long STIV RF US N 1 N N N Fresnillo PLC 549300JXWH1UV5J0XV81 Fresnillo PLC N/A 573672.00000000 NS 5020181.67000000 2.162767898739 Long EC CORP GB N 2 N N N Lundin Gold, Inc. 549300ZOV16K515FC525 Lundin Gold, Inc. 550371108 1500085.00000000 NS 11935843.32000000 5.142136375491 Long EC CORP CA N 1 N N N INV Metals, Inc. 549300875GVCOK0CDT29 INV Metals, Inc. 46123C207 2621042.00000000 NS 653577.04000000 0.281570575406 Long EC CORP CA N 1 N N N Pretium Resources, Inc. N/A Pretium Resources, Inc. 74139C102 803645.00000000 NS 8750585.20000000 3.769880456487 Long EC CORP CA N 1 N N N TMAC Resources, Inc. 549300OXTLJJ4P2SG150 TMAC Resources, Inc. 872577101 775267.00000000 NS 1546550.46000000 0.666276622748 Long EC CORP CA Y 1 N N N Rubicon Minerals Corp. N/A Rubicon Minerals Corp. 780911509 2500956.00000000 NS USD 2218347.97000000 0.955696843885 Long EC CORP CA N 1 N N N Osisko Mining, Inc. 254900SJU6CW31RVHW15 Osisko Mining, Inc. 688281104 1099753.00000000 NS 3307402.86000000 1.424877664598 Long EC CORP CA N 1 N N N Torex Gold Resources, Inc. 549300QL07027186GQ85 Torex Gold Resources, Inc. 891054603 915619.00000000 NS 12598928.51000000 5.427803201382 Long EC CORP CA N 1 N N N Chesapeake Gold Corp. 5299004W47LXBBVGN893 Chesapeake Gold Corp. 165184102 632320.00000000 NS 1447732.81000000 0.623704529684 Long EC CORP CA N 1 N N N Premier Gold Mines Ltd. 5493000REB6GPZO6YX68 Premier Gold Mines Ltd. 74051D104 3350839.00000000 NS 4025868.23000000 1.734403084341 Long EC CORP CA N 1 N N N Reunion Gold Corp. 529900LHARW89HNB2C60 Reunion Gold Corp. 76131P106 6496007.00000000 NS 638114.64000000 0.274909146685 Long EC CORP CA N 1 N N N Glencore PLC 2138002658CPO9NBH955 Glencore PLC N/A 687718.00000000 NS 2016033.79000000 0.868536927626 Long EC CORP JE N 2 N N N Alamos Gold, Inc. 549300TDOX73YGYXE959 Alamos Gold, Inc., Class A 011532108 1041306.00000000 NS 6570126.27000000 2.830506766784 Long EC CORP CA N 1 N N N Ivanhoe Mines Ltd. 5299006XZISURYIA4G32 Ivanhoe Mines Ltd., Class A 46579R104 2596982.00000000 NS 6711257.70000000 2.891308256924 Long EC CORP CA N 1 N N N Guyana Goldfields, Inc. 5493007QZPNKIEVLEC28 Guyana Goldfields, Inc. 403530108 2429714.00000000 NS 1303534.03000000 0.561581580173 Long EC CORP CA N 1 N N N SPDR Gold Trust ETF N/A SPDR Gold Trust ETF 78463V107 58000.00000000 NS USD 8661140.00000000 3.731346152357 Long EC RF US N 1 N N N Northern Star Resources Ltd. 254900XFXCRYYZAX6M78 Northern Star Resources Ltd. 665734109 255335.00000000 NS 2189713.14000000 0.943360539109 Long EC CORP AU N 2 N N N OceanaGold Corp. 549300CBMSE8I9N3E232 OceanaGold Corp. 675222103 514925.00000000 NS 1077786.19000000 0.464326099465 Long EC CORP CA N 1 N N N Kinross Gold Corp. 549300UEBMAQDN0K0R06 Kinross Gold Corp. 496902404 2411216.00000000 NS 12225524.68000000 5.266935354384 Long EC CORP CA N 1 N N N New Century Resources Ltd. 529900UKKD8U92YR8C19 New Century Resources Ltd. N/A 2151184.00000000 NS 311049.22000000 0.134004566401 Long EC CORP AU N 2 N N N Progress Minerals, Inc. N/A Progress Minerals, Inc. N/A 6474020.00000000 NS 438319.62000000 0.188834521505 Long EC CORP CA Y 3 N N N Sabina Gold & Silver Corp. 529900MU3GT5P0ZH7V65 Sabina Gold & Silver Corp. 785246109 1900674.00000000 NS 2556445.31000000 1.101354137120 Long EC CORP CA N 1 N N N Centamin PLC 213800PDI9G7OUKLPV84 Centamin PLC N/A 1475800.00000000 NS 2644721.51000000 1.139384818903 Long EC CORP JE N 2 N N N Barrick Gold Corp. 0O4KBQCJZX82UKGCBV73 Barrick Gold Corp. 067901108 629029.00000000 NS USD 11649617.08000000 5.018825912974 Long EC CORP CA N 1 N N N Sandstorm Gold Ltd. 549300QWJPV45VQF1B33 Sandstorm Gold Ltd. 80013R206 1568662.00000000 NS 10762770.86000000 4.636759553265 Long EC CORP CA N 1 N N N 2020-03-23 AIM Sector Funds (Invesco Sector Funds) Sheri Morris Sheri Morris President XXXX NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2020
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–96.67%
Australia–4.05%
Bellevue Gold Ltd.(a) 2,809,025     $904,849
Cardinal Resources Ltd.(a) 9,329,307   2,396,830
Gold Road Resources Ltd.(a) 2,621,055   2,522,020
New Century Resources Ltd.(a) 2,151,184     311,049
Northern Star Resources Ltd. 255,335   2,189,713
OceanaGold Corp. 514,925   1,077,786
      9,402,247
Canada–67.13%
Agnico Eagle Mines Ltd. 181,239  11,204,195
Alamos Gold, Inc., Class A 1,041,306   6,570,126
B2Gold Corp. 2,611,461  11,306,991
Barrick Gold Corp. 629,029  11,649,617
Chesapeake Gold Corp.(a) 632,320   1,447,733
Detour Gold Corp.(a) 246,297   4,410,789
Franco-Nevada Corp. 103,801  11,798,991
Guyana Goldfields, Inc.(a) 2,429,714   1,303,534
INV Metals, Inc.(a) 2,621,042     653,577
Ivanhoe Mines Ltd., Class A(a) 2,596,982   6,711,258
Kinross Gold Corp.(a) 2,411,216  12,225,525
Lundin Gold, Inc.(a) 1,500,085  11,935,843
Osisko Mining, Inc.(a) 1,099,753   3,307,403
Premier Gold Mines Ltd.(a) 3,350,839   4,025,868
Pretium Resources, Inc.(a) 803,645   8,750,585
Progress Minerals, Inc., (Acquired 06/26/2018; Cost $1,215,733)(b)(c)(d) 6,474,020     438,320
Reunion Gold Corp.(a) 6,496,007     638,115
Roxgold, Inc.(a) 4,198,093   3,299,091
Rubicon Minerals Corp.(a) 2,500,956   2,218,348
Sabina Gold & Silver Corp.(a) 1,900,674   2,556,445
Sabina Gold & Silver Corp. 221,070     297,344
Sandstorm Gold Ltd.(a) 1,568,662  10,762,771
SEMAFO, Inc.(a) 2,010,080   4,237,663
TMAC Resources, Inc.(a) 775,267   1,546,550
Torex Gold Resources, Inc.(a) 915,619  12,598,928
Wheaton Precious Metals Corp. 340,155  10,017,565
      155,913,175
  Shares Value
Egypt–1.14%
Centamin PLC 1,475,800   $2,644,721
Ivory Coast–3.85%
Endeavour Mining Corp.(a) 436,759   8,943,758
Mexico–2.16%
Fresnillo PLC 573,672   5,020,182
Mongolia–3.06%
Turquoise Hill Resources Ltd.(a) 10,920,565   7,096,634
Switzerland–0.87%
Glencore PLC 687,718   2,016,034
United States–12.72%
Boart Longyear Ltd.(a) 26,944      27,011
Boart Longyear Ltd., Wts., expiring 09/13/2024(a) 37,293       4,868
iShares® Gold Trust - ETF(a) 564,600   8,564,982
Newmont Corp. 272,727  12,289,079
SPDR ® Gold Trust–ETF(a) 58,000   8,661,140
      29,547,080
Zambia–1.69%
First Quantum Minerals Ltd. 502,309   3,932,236
Total Common Stocks & Other Equity Interests (Cost $218,640,459) 224,516,067
Money Market Funds–3.27%
Invesco Government & Agency Portfolio, Institutional Class, 1.48%(e) 2,782,674   2,782,675
Invesco Liquid Assets Portfolio, Institutional Class, 1.66%(e) 1,619,575   1,620,222
Invesco Treasury Portfolio, Institutional Class, 1.47%(e) 3,180,200   3,180,200
Total Money Market Funds (Cost $7,583,097) 7,583,097
TOTAL INVESTMENTS IN SECURITIES—99.94% (Cost $226,223,556) 232,099,164
OTHER ASSETS LESS LIABILITIES–0.06% 143,810
NET ASSETS–100.00% $232,242,974
 
Investment Abbreviations:
ETF – Exchange-Traded Fund
SPDR – Standard & Poor’s Depositary Receipt
Wts. – Warrants
See accompanying notes which are an integral part of this schedule.
Invesco Gold & Precious Metals Fund
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 value of this security at January 31, 2020 represented less than 1% of the Fund’s Net Assets.
(c) The Investment Company Act of 1940 as amended (the “1940 Act”), defines “affiliated person” to include an issuer of which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough to the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates (excluding affiliated money market funds) for the nine months ended January 31, 2020.
    
  Value
April 30, 2019 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain 		Value
January 31, 2020 		Dividend
Income
Progress Minerals, Inc. $1,208,110 $- $- $(769,790) $- $438,320 $-
    
(d) Security valued using significant unobservable inputs (Level 3). See Note 1.
(e) The money market fund and the Fund are affiliated by having the same investment adviser. The rate shown is the 7-day SEC standardized yield as of January 31, 2020.
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 Gold & Precious Metals Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2020
(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 January 31, 2020. 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 $3,474,616 $5,927,631 $— $9,402,247
Canada 155,474,855 — 438,320 155,913,175
Egypt — 2,644,721 — 2,644,721
Ivory Coast 8,943,758 — — 8,943,758
Mexico — 5,020,182 — 5,020,182
Mongolia 7,096,634 — — 7,096,634
Switzerland — 2,016,034 — 2,016,034
United States 29,520,069 27,011 — 29,547,080
Zambia 3,932,236 — — 3,932,236
Money Market Funds 7,583,097 — — 7,583,097
Total Investments $216,025,265 $15,635,579 $438,320 $232,099,164
NOTE 2—Subsequent Event
The World Health Organization has declared the coronavirus (COVID-19) to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the Fund’s ability to achieve its investment objective, as stated in the most recent shareholder report. Because of the uncertainties on valuation, the global economy and business operations, values reflected in the Schedule of Investments may materially differ from the value received upon actual sales of those investments.
Invesco Gold & Precious Metals Fund