NPORT-EX 2 edgar.htm
Schedule of Investments(a)
January 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–97.42%
Aerospace & Defense–4.23%
General Dynamics Corp.    163,887    $34,760,433
Lockheed Martin Corp.    157,090    61,128,432
Raytheon Technologies Corp.    784,312    70,737,099
      166,625,964
Air Freight & Logistics–0.96%
United Parcel Service, Inc., Class B    188,151    38,046,014
Apparel Retail–0.25%
Gap, Inc. (The)(b)    551,748     9,970,086
Asset Management & Custody Banks–1.70%
State Street Corp.    710,992    67,188,744
Automobile Manufacturers–0.74%
Bayerische Motoren Werke AG (Germany)    278,094    29,050,688
Biotechnology–1.17%
AbbVie, Inc.    337,682    46,225,289
Brewers–0.75%
Molson Coors Beverage Co., Class B(b)    622,508    29,668,731
Cable & Satellite–2.04%
Comcast Corp., Class A  1,605,483    80,258,095
Communications Equipment–2.35%
Cisco Systems, Inc.  1,666,173    92,755,851
Construction Machinery & Heavy Trucks–0.98%
Caterpillar, Inc.    190,831    38,463,896
Diversified Banks–3.06%
Bank of America Corp.  2,611,337   120,487,089
Electric Utilities–2.92%
Entergy Corp.(b)    335,914    37,545,108
Exelon Corp.    930,066    53,897,325
Portland General Electric Co.    449,023    23,591,668
      115,034,101
Electrical Components & Equipment–2.55%
ABB Ltd. (Switzerland)  1,598,685    55,255,282
Emerson Electric Co.    491,139    45,160,231
      100,415,513
Food Distributors–0.50%
Sysco Corp.(b)    253,511    19,811,885
Gas Utilities–1.76%
National Fuel Gas Co.    774,784    47,052,632
Southwest Gas Holdings, Inc.    327,482    22,327,723
      69,380,355
General Merchandise Stores–1.71%
Target Corp.    306,623    67,588,908
  Shares Value
Gold–1.07%
Newmont Corp.    690,038    $42,209,624
Health Care Equipment–2.52%
Becton, Dickinson and Co.    148,273    37,682,100
Medtronic PLC    597,612    61,846,866
      99,528,966
Health Care Services–2.11%
CVS Health Corp.    782,246    83,317,021
Home Improvement Retail–1.27%
Lowe’s Cos., Inc.    210,368    49,930,845
Hypermarkets & Super Centers–2.14%
Walmart, Inc.    604,496    84,514,586
Industrial Machinery–2.28%
Kennametal, Inc.    789,567    27,295,331
Snap-on, Inc.    172,858    35,997,679
Stanley Black & Decker, Inc.    152,580    26,648,097
      89,941,107
Integrated Oil & Gas–4.77%
Chevron Corp.    518,537    68,099,464
Exxon Mobil Corp.    889,056    67,532,694
TotalEnergies SE (France)    923,892    52,331,062
      187,963,220
Integrated Telecommunication Services–3.75%
AT&T, Inc.  2,407,868    61,400,634
Deutsche Telekom AG (Germany)  1,430,635    26,811,222
Verizon Communications, Inc.  1,122,791    59,766,165
      147,978,021
Investment Banking & Brokerage–0.81%
Morgan Stanley    310,844    31,873,944
IT Consulting & Other Services–2.80%
Cognizant Technology Solutions Corp., Class A    827,180    70,657,715
International Business Machines Corp.    297,984    39,801,723
      110,459,438
Managed Health Care–2.08%
UnitedHealth Group, Inc.    173,514    81,997,511
Multi-line Insurance–1.87%
Hartford Financial Services Group, Inc. (The)  1,024,327    73,618,381
Multi-Utilities–4.00%
Dominion Energy, Inc.(b)  1,027,026    82,839,917
Public Service Enterprise Group, Inc.  1,126,807    74,966,470
      157,806,387
Oil & Gas Exploration & Production–1.24%
ConocoPhillips    552,638    48,974,780
 
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Shares Value
Oil & Gas Storage & Transportation–1.40%
Enbridge, Inc. (Canada)  1,309,497    $55,361,184
Packaged Foods & Meats–4.73%
Campbell Soup Co.    861,776    38,021,557
General Mills, Inc.(b)    447,030    30,702,020
Kraft Heinz Co. (The)  1,588,058    56,852,477
Nestle S.A. (Switzerland)    474,158    61,086,689
      186,662,743
Paper Packaging–1.23%
International Paper Co.    526,315    25,394,699
Sonoco Products Co.(b)    410,222    23,234,974
      48,629,673
Pharmaceuticals–8.68%
AstraZeneca PLC (United Kingdom)    249,868    28,994,148
Bristol-Myers Squibb Co.    664,440    43,115,512
Eli Lilly and Co.    153,920    37,770,429
Johnson & Johnson    745,397   128,424,449
Merck & Co., Inc.  1,275,977   103,966,606
      342,271,144
Property & Casualty Insurance–3.97%
Chubb Ltd.(b)    374,968    73,973,687
Travelers Cos., Inc. (The)(b)    495,735    82,381,242
      156,354,929
Regional Banks–7.35%
Cullen/Frost Bankers, Inc.(b)    484,091    68,261,672
Fifth Third Bancorp  1,644,175    73,379,530
M&T Bank Corp.(b)    496,177    84,042,460
Regions Financial Corp.(b)  2,798,970    64,208,372
      289,892,034
Restaurants–2.39%
McDonald’s Corp.    363,912    94,416,968
Semiconductors–1.63%
Broadcom, Inc.     40,915    23,971,280
Microchip Technology, Inc.    518,968    40,209,641
      64,180,921
Soft Drinks–1.63%
Coca-Cola Co. (The)  1,052,141    64,191,122
Specialized REITs–2.60%
Crown Castle International Corp.    288,889    52,725,132
  Shares Value
Specialized REITs–(continued)
Weyerhaeuser Co.  1,233,317    $49,863,006
      102,588,138
Specialty Chemicals–1.43%
DuPont de Nemours, Inc.    733,551    56,190,007
Total Common Stocks & Other Equity Interests (Cost $2,836,684,401) 3,841,823,903
  Principal
Amount 		 
U.S. Dollar Denominated Bonds & Notes–0.01%
Tobacco–0.01%
Reynolds American, Inc. (United Kingdom), 7.00%, 08/04/2041(c)
(Cost $358,459) 		     $354,000       447,920
  Shares  
Money Market Funds–2.42%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) 25,558,940    25,558,940
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) 40,792,578    40,796,657
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) 29,210,217    29,210,217
Total Money Market Funds (Cost $95,567,610) 95,565,814
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.85% (Cost $2,932,610,470)     3,937,837,637
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–1.74%
Invesco Private Government Fund, 0.02%(d)(e)(f) 13,035,592    13,035,592
Invesco Private Prime Fund, 0.11%(d)(e)(f) 55,340,335    55,351,401
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $68,386,995) 68,386,993
TOTAL INVESTMENTS IN SECURITIES–101.59% (Cost $3,000,997,465) 4,006,224,630
OTHER ASSETS LESS LIABILITIES—(1.59)% (62,781,758)
NET ASSETS–100.00% $3,943,442,872
Investment Abbreviations:
REIT – Real Estate Investment Trust
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income 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 January 31, 2022.
(c) 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, 2022 represented less than 1% of the Fund’s Net Assets.
(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 nine months ended January 31, 2022.
    
  Value
April 30, 2021 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
January 31, 2022 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $53,858,374 $176,718,600 $(205,018,034) $- $- $25,558,940 $5,631
Invesco Liquid Assets Portfolio, Institutional Class 61,353,363 125,877,881 (146,421,764) (14,821) 1,998 40,796,657 3,661
Invesco Treasury Portfolio, Institutional Class 61,552,428 201,964,114 (234,306,325) - - 29,210,217 2,513
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 31,145,400 239,034,731 (257,144,539) - - 13,035,592 1,956*
Invesco Private Prime Fund 46,718,100 489,654,607 (481,020,076) (2) (1,228) 55,351,401 27,453*
Total $254,627,665 $1,233,249,933 $(1,323,910,738) $(14,823) $770 $163,952,807 $41,214
    
* 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 January 31, 2022.
(f) 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 Dividend Income Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 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 January 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 $3,588,294,812 $253,529,091 $— $3,841,823,903
U.S. Dollar Denominated Bonds & Notes — 447,920 — 447,920
Money Market Funds 95,565,814 68,386,993 — 163,952,807
Total Investments $3,683,860,626 $322,364,004 $— $4,006,224,630
Invesco Dividend Income Fund