NPORT-EX 2 edgar.htm
Schedule of Investments(a)
July 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–98.78%
Aerospace & Defense–2.84%
Lockheed Martin Corp. 86,188    $38,471,738
Northrop Grumman Corp. 37,486    16,681,270
RTX Corp. 578,236    50,844,291
      105,997,299
Air Freight & Logistics–1.38%
United Parcel Service, Inc., Class B 276,532    51,747,433
Asset Management & Custody Banks–2.16%
BlackRock, Inc. 52,643    38,895,280
State Street Corp. 575,815    41,712,039
      80,607,319
Automobile Manufacturers–0.91%
Bayerische Motoren Werke AG (Germany) 278,094    33,899,184
Building Products–1.23%
Trane Technologies PLC 230,697    46,010,210
Cable & Satellite–2.21%
Comcast Corp., Class A 1,827,528    82,713,917
Construction Machinery & Heavy Transportation Equipment–
1.35%
Caterpillar, Inc. 190,831    50,602,656
Consumer Staples Merchandise Retail–4.04%
Target Corp. 396,587    54,122,228
Walmart, Inc. 606,101    96,891,306
      151,013,534
Diversified Banks–6.28%
Bank of America Corp. 2,938,066    94,018,112
Fifth Third Bancorp 1,456,349    42,379,756
JPMorgan Chase & Co. 623,229    98,445,253
      234,843,121
Electric Utilities–0.92%
Entergy Corp. 335,914    34,498,368
Electrical Components & Equipment–2.07%
ABB Ltd. (Switzerland) 989,488    39,594,190
Emerson Electric Co. 413,137    37,740,065
      77,334,255
Electronic Manufacturing Services–0.93%
TE Connectivity Ltd. 242,367    34,777,241
Financial Exchanges & Data–1.73%
CME Group, Inc., Class A 324,508    64,564,112
Food Distributors–1.23%
Sysco Corp.(b) 604,125    46,100,779
Gas Utilities–0.93%
National Fuel Gas Co. 656,904    34,888,171
  Shares Value
Gold–0.62%
Newmont Corp. 541,643    $23,247,318
Health Care Equipment–5.68%
Baxter International, Inc.(b) 598,263    27,059,435
Becton, Dickinson and Co. 297,888    82,997,555
Medtronic PLC 733,238    64,348,967
Zimmer Biomet Holdings, Inc. 275,335    38,037,530
      212,443,487
Health Care Services–2.22%
CVS Health Corp. 1,113,519    83,168,734
Heavy Electrical Equipment–0.00%
Accelleron Industries AG (Switzerland) 1            26
Home Improvement Retail–1.49%
Lowe’s Cos., Inc. 237,123    55,550,805
Human Resource & Employment Services–0.62%
Automatic Data Processing, Inc. 93,605    23,144,772
Industrial Machinery & Supplies & Components–1.55%
Parker-Hannifin Corp. 141,660    58,082,017
Integrated Oil & Gas–6.74%
Chevron Corp. 582,420    95,318,857
Exxon Mobil Corp. 1,461,418   156,722,466
      252,041,323
Integrated Telecommunication Services–1.48%
Deutsche Telekom AG (Germany) 2,539,844    55,406,418
Investment Banking & Brokerage–1.47%
Charles Schwab Corp. (The) 831,625    54,970,412
IT Consulting & Other Services–2.55%
Accenture PLC, Class A 165,907    52,484,680
International Business Machines Corp. 297,984    42,963,333
      95,448,013
Managed Health Care–1.49%
UnitedHealth Group, Inc. 109,765    55,581,703
Multi-line Insurance–1.76%
Hartford Financial Services Group, Inc. (The) 916,372    65,868,819
Multi-Utilities–3.08%
Dominion Energy, Inc. 690,798    36,992,233
Public Service Enterprise Group, Inc. 1,236,724    78,062,019
      115,054,252
Oil & Gas Exploration & Production–2.10%
ConocoPhillips 668,473    78,692,642
Oil & Gas Storage & Transportation–0.94%
Enbridge, Inc. (Canada) 956,022    35,148,028
Packaged Foods & Meats–2.46%
Kraft Heinz Co. (The) 933,781    33,784,197
 
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Shares Value
Packaged Foods & Meats–(continued)
Nestle S.A. (Switzerland) 474,158    $58,242,428
      92,026,625
Paper & Plastic Packaging Products & Materials–0.64%
Sonoco Products Co. 410,222    24,055,418
Pharmaceuticals–7.77%
AstraZeneca PLC (United Kingdom) 404,080    57,971,290
Johnson & Johnson 748,764   125,440,433
Merck & Co., Inc. 1,005,718   107,259,825
      290,671,548
Property & Casualty Insurance–3.29%
Chubb Ltd. 374,968    76,647,208
Travelers Cos., Inc. (The) 267,975    46,255,165
      122,902,373
Rail Transportation–1.64%
Union Pacific Corp. 263,614    61,163,720
Regional Banks–1.37%
M&T Bank Corp. 367,308    51,371,697
Restaurants–3.33%
McDonald’s Corp. 274,625    80,520,050
Starbucks Corp. 431,725    43,850,308
      124,370,358
Semiconductor Materials & Equipment–1.06%
Lam Research Corp. 55,356    39,772,732
Semiconductors–3.17%
Analog Devices, Inc. 297,218    59,303,908
Broadcom, Inc. 20,934    18,812,339
Microchip Technology, Inc.(b) 430,667    40,456,858
      118,573,105
Soft Drinks & Non-alcoholic Beverages–1.98%
Coca-Cola Co. (The) 1,193,569    73,917,728
Specialty Chemicals–2.21%
DuPont de Nemours, Inc. 498,745    38,717,574
PPG Industries, Inc. 304,791    43,859,425
      82,576,999
  Shares Value
Systems Software–2.11%
Microsoft Corp. 234,410    $78,743,007
Telecom Tower REITs–0.84%
Crown Castle, Inc. 288,889    31,283,790
Timber REITs–1.12%
Weyerhaeuser Co.(b) 1,233,317    42,006,777
Tobacco–1.79%
Philip Morris International, Inc. 672,812    67,092,813
Total Common Stocks & Other Equity Interests (Cost $2,869,312,844) 3,693,975,058
Money Market Funds–1.67%
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(c)(d) 21,946,460    21,946,460
Invesco Liquid Assets Portfolio, Institutional Class, 5.28%(c)(d) 15,664,068    15,665,635
Invesco Treasury Portfolio, Institutional Class, 5.18%(c)(d) 25,081,668    25,081,668
Total Money Market Funds (Cost $62,694,030) 62,693,763
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.45% (Cost $2,932,006,874)     3,756,668,821
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.60%
Invesco Private Government Fund, 5.24%(c)(d)(e) 6,262,207     6,262,207
Invesco Private Prime Fund, 5.38%(c)(d)(e) 16,102,817    16,102,817
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $22,364,871) 22,365,024
TOTAL INVESTMENTS IN SECURITIES–101.05% (Cost $2,954,371,745) 3,779,033,845
OTHER ASSETS LESS LIABILITIES—(1.05)% (39,398,036)
NET ASSETS–100.00% $3,739,635,809
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, 2023.
(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, 2023.
    
  Value
April 30, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
July 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $39,324,600 $52,143,511 $(69,521,651) $- $- $21,946,460 $591,735
Invesco Liquid Assets Portfolio, Institutional Class 28,085,718 37,245,364 (49,658,321) (628) (6,498) 15,665,635 429,781
Invesco Treasury Portfolio, Institutional Class 44,942,400 59,592,584 (79,453,316) - - 25,081,668 673,934
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Value
April 30, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
July 31, 2023 		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $26,609,123 $80,011,330 $(100,358,246) $- $- $6,262,207 $122,499*
Invesco Private Prime Fund 68,423,459 209,627,303 (261,941,283) 153 (6,815) 16,102,817 337,107*
Total $207,385,300 $438,620,092 $(560,932,817) $(475) $(13,313) $85,058,787 $2,155,056
    
* 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, 2023.
(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, 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 July 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        
Common Stocks & Other Equity Interests $3,448,861,522 $245,113,536 $— $3,693,975,058
Money Market Funds 62,693,763 22,365,024 — 85,058,787
Total Investments $3,511,555,285 $267,478,560 $— $3,779,033,845
Invesco Dividend Income Fund