0001752724-21-069566.txt : 20210401 0001752724-21-069566.hdr.sgml : 20210401 20210401102045 ACCESSION NUMBER: 0001752724-21-069566 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210131 FILED AS OF DATE: 20210401 PERIOD START: 20210430 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: 21796467 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 S000000155 INVESCO Energy Fund C000000337 Class A IENAX C000000339 Class C IEFCX C000000341 Investor Class FSTEX C000023157 CLASS R5 IENIX C000071330 Class Y IENYX C000188943 Class R6 NPORT-P 1 primary_doc.xml NPORT-P false 0000725781 XXXXXXXX S000000155 C000023157 C000000339 C000188943 C000000341 C000000337 C000071330 AIM Sector Funds (Invesco Sector Funds) 811-03826 0000725781 C791731MUP758KD8DB31 11 Greenway Plaza Suite 1000 Houston 77046-1173 800-959-4246 Invesco Energy Fund S000000155 549300J08ZSMGNO3OY06 2021-04-30 2021-01-31 N 211927132.71 743198.99 211183933.72 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 86687.66000000 N Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 264442.46000000 NS USD 264442.46000000 0.125219023692 Long STIV RF US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 346449.00000000 NS USD 15534773.16000000 7.356039300128 Long EC CORP US N 1 N N N Valero Energy Corp. 549300XTO5VR8SKV1V74 Valero Energy Corp. 91913Y100 122633.00000000 NS USD 6920180.19000000 3.276849743302 Long EC CORP US N 1 N N N Equinor ASA OW6OFBNCKXC4US5C7523 Equinor ASA N/A 546101.00000000 NS 9765216.14000000 4.624033641189 Long EC CORP NO N 2 N N N BP PLC 213800LH1BZH3DI6G760 BP PLC, ADR 055622104 317740.00000000 NS USD 7060182.80000000 3.343143900975 Long EC CORP GB N 1 N N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 104201.00000000 NS USD 7064827.80000000 3.345343405415 Long EC CORP US N 1 N N N Galp Energia SGPS S.A. 2138003319Y7NM75FG53 Galp Energia SGPS S.A. N/A 712724.00000000 NS 7122399.01000000 3.372604574855 Long EC CORP PT N 2 N N N Tenaris S.A. 549300Y7C05BKC4HZB40 Tenaris S.A., ADR 88031M109 260732.00000000 NS USD 4030916.72000000 1.908723191672 Long EC CORP LU N 1 N N N Devon Energy Corp. 54930042348RKR3ZPN35 Devon Energy Corp. 25179M103 507993.00000000 NS USD 8361564.78000000 3.959375428192 Long EC CORP US N 1 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 231387.17000000 NS USD 231387.17000000 0.109566654017 Long STIV RF US N 1 N N N Cheniere Energy, Inc. MIHC87W9WTYSYZWV1J40 Cheniere Energy, Inc. 16411R208 131187.00000000 NS USD 8308072.71000000 3.934045816674 Long EC CORP US N 1 N N N Canadian Natural Resources Ltd. 549300T15RIMIKZC5Q38 Canadian Natural Resources Ltd. 136385101 264358.00000000 NS 5972475.17000000 2.828091637841 Long EC CORP CA N 1 N N N Apache Corp. 72ZZ1XRHOOU9P9X16K08 Apache Corp. 037411105 341120.00000000 NS USD 4871193.60000000 2.306611830831 Long EC CORP US N 1 N N N Hess Corp. UASVRYNXNK17ULIGK870 Hess Corp. 42809H107 81120.00000000 NS USD 4378857.60000000 2.073480459837 Long EC CORP US N 1 N N N Diamondback Energy, Inc. 549300R22LSX6OHWEN64 Diamondback Energy, Inc. 25278X109 89805.00000000 NS USD 5091045.45000000 2.410716270088 Long EC CORP US N 1 N N N Eni S.p.A. BUCRF72VH5RBN7X3VL35 Eni S.p.A. N/A 849818.00000000 NS 8578501.47000000 4.062099478350 Long EC CORP IT N 2 N N N Suncor Energy, Inc. 549300W70ZOQDVLCHY06 Suncor Energy, Inc. 867224107 475557.00000000 NS 7954771.64000000 3.766750386678 Long EC CORP CA N 1 N N N Marathon Oil Corp. 1FRVQX2CRLGC1XLP5727 Marathon Oil Corp. 565849106 668179.00000000 NS USD 4837615.96000000 2.290712117529 Long EC CORP US N 1 N N N Cenovus Energy, Inc. 549300EIRQ0Z2B9C1W06 Cenovus Energy, Inc. 15135U109 1264987.00000000 NS 7468740.45000000 3.536604474799 Long EC CORP CA N 1 N N N EQT Corp. 4NT01YGM4X7ZX86ISY52 EQT Corp. 26884L109 190825.00000000 NS USD 3112355.75000000 1.473765402119 Long EC CORP US N 1 N N N Cimarex Energy Co. 11KYOFXPU1C4CQL1CL44 Cimarex Energy Co. 171798101 147748.00000000 NS USD 6232010.64000000 2.950987099360 Long EC CORP US N 1 N N N Chevron Corp. LJOF0JWZSCIUPEC3LQ45 Chevron Corp. 166764100 204151.00000000 NS USD 17393665.20000000 8.236263475924 Long EC CORP US N 1 N N N ConocoPhillips Co. WPTL2Z3FIYTHSP5V2253 ConocoPhillips Co. 20825C104 288182.00000000 NS USD 11535925.46000000 5.462501458702 Long EC CORP US N 1 N N N Plains All American Pipeline, L.P. 5521FA2ITF25TVH63740 Plains All American Pipeline, L.P. 726503105 614093.00000000 NS USD 5139958.41000000 2.433877577455 Long EC CORP US N 1 N N N Cabot Oil & Gas Corp. FCNMH6O7VWU7LHXMK351 Cabot Oil & Gas Corp. 127097103 316899.00000000 NS USD 5808758.67000000 2.750568458347 Long EC CORP US N 1 N N N TOTAL SE 529900S21EQ1BO4ESM68 TOTAL SE N/A 420479.00000000 NS 17750995.41000000 8.405466787798 Long EC CORP FR N 2 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio, Institutional Class 825252729 56836.03400000 NS USD 56858.77000000 0.026923814230 Long STIV RF US N 1 N N N Baker Hughes Co. N/A Baker Hughes Co., Class A 05722G100 221785.00000000 NS USD 4455660.65000000 2.109848306882 Long EC CORP US N 1 N N N Pioneer Natural Resources Co. FY8JBF7CCL2VE4F1B628 Pioneer Natural Resources Co. 723787107 54483.00000000 NS USD 6586994.70000000 3.119079460245 Long EC CORP US N 1 N N N Royal Dutch Shell PLC 21380068P1DRHMJ8KU70 Royal Dutch Shell PLC, Class A, ADR 780259206 256903.00000000 NS USD 9477151.67000000 4.487629102773 Long EC CORP GB N 1 N N N 2021-03-02 AIM Sector Funds (Invesco Sector Funds) Sheri Morris Sheri Morris President XXXX NPORT-EX 2 edgar.htm
Schedule of Investments(a)
January 31, 2021
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.73%
Integrated Oil & Gas–51.27%
BP PLC, ADR (United Kingdom) 317,740   $7,060,183
Cenovus Energy, Inc. (Canada) 1,264,987   7,468,740
Chevron Corp. 204,151  17,393,665
Eni S.p.A. (Italy) 849,818   8,578,502
Equinor ASA (Norway) 546,101   9,765,216
Exxon Mobil Corp. 346,449  15,534,773
Galp Energia SGPS S.A. (Portugal) 712,724   7,122,399
Royal Dutch Shell PLC, Class A, ADR (United Kingdom) 256,903   9,477,152
Suncor Energy, Inc. (Canada) 475,557   7,954,772
TOTAL SE (France) 420,479  17,750,995
      108,106,397
Oil & Gas Equipment & Services–4.02%
Baker Hughes Co., Class A 221,785   4,455,661
Tenaris S.A., ADR 260,732   4,030,917
      8,486,578
Oil & Gas Exploration & Production–31.43%
Apache Corp. 438,163   6,256,968
Cabot Oil & Gas Corp. 237,448   4,352,422
Canadian Natural Resources Ltd. (Canada) 264,358   5,972,475
Cimarex Energy Co. 147,748   6,232,011
ConocoPhillips 288,182  11,535,925
Devon Energy Corp. 507,993   8,361,565
Diamondback Energy, Inc. 89,805   5,091,045
Hess Corp. 81,120   4,378,858
  Shares Value
Oil & Gas Exploration & Production–(continued)
Marathon Oil Corp. 668,179   $4,837,616
Pioneer Natural Resources Co. 76,505   9,249,454
      66,268,339
Oil & Gas Refining & Marketing–6.63%
Phillips 66 104,201   7,064,828
Valero Energy Corp. 122,633   6,920,180
      13,985,008
Oil & Gas Storage & Transportation–6.38%
Cheniere Energy, Inc.(b) 131,187   8,308,073
Plains All American Pipeline L.P. 614,093   5,139,958
      13,448,031
Total Common Stocks & Other Equity Interests (Cost $287,072,191) 210,294,353
Money Market Funds–0.26%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(c)(d) 231,387     231,387
Invesco Liquid Assets Portfolio, Institutional Class, 0.05%(c)(d) 56,836      56,859
Invesco Treasury Portfolio, Institutional Class, 0.01%(c)(d) 264,442     264,442
Total Money Market Funds (Cost $552,717) 552,688
TOTAL INVESTMENTS IN SECURITIES–99.99% (Cost $287,624,908) 210,847,041
OTHER ASSETS LESS LIABILITIES—0.01% 23,011
NET ASSETS–100.00% $210,870,052
 
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) 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 January 31, 2021.
    
  Value
April 30, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain 		Value
January 31, 2021 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $3,580,599 $11,954,904 $(15,304,116) $- $- $231,387 $1,017
Invesco Liquid Assets Portfolio, Institutional Class 2,449,148 8,539,217 (10,931,509) (626) 629 56,859 2,621
Invesco Treasury Portfolio, Institutional Class 4,092,113 13,662,747 (17,490,418) - - 264,442 872
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund - 52,276,049 (52,276,049) - - - 679*
Invesco Private Prime Fund - 21,339,811 (21,340,144) - 333 - 838*
Total $10,121,860 $107,772,728 $(117,342,236) $(626) $962 $552,688 $6,027
    
* 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.
    
See accompanying notes which are an integral part of this schedule.
Invesco Energy Fund
(d) The rate shown is the 7-day SEC standardized yield as of January 31, 2021.
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 Energy Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2021
(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, 2021. 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 $167,077,241 $43,217,112 $— $210,294,353
Money Market Funds 552,688 — — 552,688
Total Investments $167,629,929 $43,217,112 $— $210,847,041
NOTE 2—Coronavirus (COVID-19) Pandemic
During the first quarter of 2020, the World Health Organization declared 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.
The extent of the impact on the performance of the Fund and its investments will depend on future developments, including the duration and spread of the COVID-19 outbreak, related restrictions and advisories, and the effects on the financial markets and economy overall, all of which are highly uncertain and cannot be predicted.
Invesco Energy Fund