NPORT-EX 2 edgar.htm
Schedule of Investments(a)
July 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–96.58%
Aerospace & Defense–3.67%
Lockheed Martin Corp. 157,090    $65,005,413
Raytheon Technologies Corp. 784,312    73,105,721
      138,111,134
Air Freight & Logistics–1.43%
United Parcel Service, Inc., Class B(b) 276,532    53,893,321
Asset Management & Custody Banks–1.34%
State Street Corp. 710,992    50,508,872
Automobile Manufacturers–0.60%
Bayerische Motoren Werke AG (Germany) 278,094    22,609,996
Biotechnology–1.29%
AbbVie, Inc. 337,682    48,460,744
Cable & Satellite–2.04%
Comcast Corp., Class A 2,046,059    76,768,134
Construction Machinery & Heavy Trucks–1.00%
Caterpillar, Inc. 190,831    37,832,246
Diversified Banks–4.25%
Bank of America Corp. 2,611,337    88,289,304
JPMorgan Chase & Co. 623,229    71,895,697
      160,185,001
Electric Utilities–2.79%
Entergy Corp.(b) 335,914    38,673,779
Exelon Corp. 930,066    43,238,768
Portland General Electric Co.(b) 449,023    23,052,841
      104,965,388
Electrical Components & Equipment–2.28%
ABB Ltd. (Switzerland) 1,598,685    48,644,515
Emerson Electric Co. 413,137    37,211,250
      85,855,765
Electronic Manufacturing Services–0.86%
TE Connectivity Ltd. (Switzerland) 242,367    32,411,739
Food Distributors–0.57%
Sysco Corp. 253,511    21,523,084
Gas Utilities–1.26%
National Fuel Gas Co.(b) 656,904    47,520,435
General Merchandise Stores–1.33%
Target Corp. 306,623    50,096,066
Gold–0.65%
Newmont Corp. 541,643    24,525,595
Health Care Equipment–3.23%
Becton, Dickinson and Co. 220,787    53,940,472
Medtronic PLC 733,238    67,839,180
      121,779,652
  Shares Value
Health Care Services–1.99%
CVS Health Corp. 782,246    $74,845,297
Home Improvement Retail–1.07%
Lowe’s Cos., Inc. 210,368    40,291,783
Hypermarkets & Super Centers–2.13%
Walmart, Inc. 606,101    80,035,637
Industrial Machinery–2.29%
Parker-Hannifin Corp. 141,660    40,952,490
Snap-on, Inc.(b) 135,877    30,443,242
Stanley Black & Decker, Inc.(b) 152,580    14,850,611
      86,246,343
Integrated Oil & Gas–5.81%
Chevron Corp. 582,420    95,388,748
Exxon Mobil Corp. 1,272,925   123,384,620
      218,773,368
Integrated Telecommunication Services–3.77%
AT&T, Inc. 2,061,697    38,718,669
Deutsche Telekom AG (Germany) 2,539,844    48,046,907
Verizon Communications, Inc. 1,194,022    55,151,876
      141,917,452
Investment Banking & Brokerage–1.24%
Morgan Stanley 554,290    46,726,647
IT Consulting & Other Services–2.53%
Cognizant Technology Solutions Corp., Class A 827,180    56,215,153
International Business Machines Corp. 297,984    38,973,327
      95,188,480
Managed Health Care–3.45%
UnitedHealth Group, Inc. 239,215   129,735,863
Multi-line Insurance–1.75%
Hartford Financial Services Group, Inc. (The) 1,024,327    66,038,362
Multi-Utilities–3.46%
Dominion Energy, Inc.(b) 866,848    71,064,199
Public Service Enterprise Group, Inc. 901,720    59,215,952
      130,280,151
Oil & Gas Exploration & Production–1.43%
ConocoPhillips 552,638    53,843,520
Oil & Gas Storage & Transportation–1.56%
Enbridge, Inc. (Canada) 1,309,497    58,810,021
Packaged Foods & Meats–3.10%
Kraft Heinz Co. (The) 1,588,058    58,488,176
Nestle S.A. 474,158    58,236,670
      116,724,846
Paper Packaging–0.69%
Sonoco Products Co.(b) 410,222    26,044,995
 
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Shares Value
Pharmaceuticals–10.43%
AstraZeneca PLC (United Kingdom) 249,868    $32,845,137
Bristol-Myers Squibb Co. 664,440    49,022,383
Eli Lilly and Co. 138,923    45,801,524
Johnson & Johnson 801,940   139,954,569
Merck & Co., Inc. 1,397,934   124,891,424
      392,515,037
Property & Casualty Insurance–3.63%
Chubb Ltd. 374,968    70,733,964
Travelers Cos., Inc. (The) 415,306    65,909,062
      136,643,026
Regional Banks–5.60%
Cullen/Frost Bankers, Inc.(b) 394,740    51,474,096
Fifth Third Bancorp 1,456,349    49,690,628
M&T Bank Corp.(b) 395,280    70,142,436
Regions Financial Corp. 1,866,283    39,527,874
      210,835,034
Restaurants–3.25%
McDonald’s Corp. 363,912    95,843,504
Starbucks Corp. 313,195    26,552,672
      122,396,176
Semiconductor Equipment–0.74%
Lam Research Corp. 55,356    27,706,232
Semiconductors–2.89%
Analog Devices, Inc.(b) 297,218    51,109,607
Broadcom, Inc. 40,915    21,909,164
Microchip Technology, Inc.(b) 518,968    35,736,137
      108,754,908
Soft Drinks–1.79%
Coca-Cola Co. (The) 1,052,141    67,515,888
Specialized REITs–2.58%
Crown Castle, Inc. 288,889    52,190,687
  Shares Value
Specialized REITs–(continued)
Weyerhaeuser Co. 1,233,317    $44,794,073
      96,984,760
Specialty Chemicals–0.81%
DuPont de Nemours, Inc. 498,745    30,538,156
Total Common Stocks & Other Equity Interests (Cost $2,867,926,689) 3,636,439,154
Money Market Funds–3.32%
Invesco Government & Agency Portfolio, Institutional Class, 1.71%(c)(d) 35,778,563    35,778,563
Invesco Liquid Assets Portfolio, Institutional Class, 1.67%(c)(d) 48,091,814    48,091,814
Invesco Treasury Portfolio, Institutional Class, 1.66%(c)(d) 40,889,786    40,889,786
Total Money Market Funds (Cost $124,752,161) 124,760,163
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.90% (Cost $2,992,678,850)     3,761,199,317
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–3.82%
Invesco Private Government Fund, 1.77%(c)(d)(e) 40,289,550    40,289,550
Invesco Private Prime Fund, 1.89%(c)(d)(e) 103,601,700   103,601,700
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $143,891,250) 143,891,250
TOTAL INVESTMENTS IN SECURITIES–103.72% (Cost $3,136,570,100) 3,905,090,567
OTHER ASSETS LESS LIABILITIES—(3.72)% (140,007,878)
NET ASSETS–100.00% $3,765,082,689
Investment Abbreviations:
REIT – Real Estate Investment Trust
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 three months ended July 31, 2022.
    
  Value
April 30, 2022 		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 $31,903,201 $25,490,348 $(21,614,986) $- $- $35,778,563 $152,634
Invesco Liquid Assets Portfolio, Institutional Class 45,313,620 18,207,391 (15,439,275) 11,470 (1,392) 48,091,814 135,352
Invesco Treasury Portfolio, Institutional Class 36,460,801 29,131,827 (24,702,842) - - 40,889,786 108,493
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Value
April 30, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
July 31, 2022 		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $10,993,699 $133,886,905 $(104,591,054) $- $- $40,289,550 $88,884*
Invesco Private Prime Fund 25,651,965 291,397,189 (213,445,192) - (2,262) 103,601,700 264,509*
Total $150,323,286 $498,113,660 $(379,793,349) $11,470 $(3,654) $268,651,413 $749,872
    
* 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 Dividend Income 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 $3,426,055,929 $210,383,225 $— $3,636,439,154
Money Market Funds 124,760,163 143,891,250 — 268,651,413
Total Investments $3,550,816,092 $354,274,475 $— $3,905,090,567
Invesco Dividend Income Fund