NPORT-EX 2 edgar.htm
Schedule of Investments(a)
January 31, 2024
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–97.73%
Aerospace & Defense–1.61%
Northrop Grumman Corp. 128,603    $57,454,676
Air Freight & Logistics–1.36%
United Parcel Service, Inc., Class B 341,881    48,512,914
Asset Management & Custody Banks–2.34%
BlackRock, Inc. 52,643    40,762,001
State Street Corp. 575,815    42,535,454
      83,297,455
Building Products–0.94%
Johnson Controls International PLC 637,076    33,567,534
Cable & Satellite–1.63%
Comcast Corp., Class A 1,248,841    58,121,060
Construction Machinery & Heavy Transportation Equipment–
1.18%
Caterpillar, Inc. 140,082    42,068,025
Construction Materials–1.03%
CRH PLC 511,555    36,709,187
Consumer Staples Merchandise Retail–4.05%
Target Corp. 318,000    44,227,440
Walmart, Inc. 606,101   100,158,190
      144,385,630
Diversified Banks–4.15%
Fifth Third Bancorp 1,149,067    39,344,054
JPMorgan Chase & Co. 623,229   108,666,209
      148,010,263
Electric Utilities–1.93%
Entergy Corp. 335,914    33,510,781
PPL Corp. 1,350,692    35,388,130
      68,898,911
Electrical Components & Equipment–2.05%
ABB Ltd. (Switzerland) 831,962    35,201,812
Emerson Electric Co. 413,137    37,897,057
      73,098,869
Electronic Manufacturing Services–0.97%
TE Connectivity Ltd. 242,367    34,462,164
Financial Exchanges & Data–0.94%
CME Group, Inc., Class A 161,892    33,323,849
Food Distributors–1.37%
Sysco Corp. 604,125    48,891,836
Gas Utilities–0.87%
National Fuel Gas Co. 656,904    30,979,593
Gold–0.52%
Newmont Corp.(b) 541,643    18,692,100
  Shares Value
Health Care Equipment–4.96%
Becton, Dickinson and Co. 342,477    $81,786,932
Medtronic PLC 538,861    47,171,892
Zimmer Biomet Holdings, Inc. 381,131    47,870,054
      176,828,878
Health Care Services–1.71%
CVS Health Corp. 817,818    60,821,125
Home Improvement Retail–1.74%
Lowe’s Cos., Inc. 290,846    61,903,663
Household Products–1.87%
Colgate-Palmolive Co. 789,791    66,500,402
Human Resource & Employment Services–0.80%
Automatic Data Processing, Inc. 115,980    28,505,564
Industrial Machinery & Supplies & Components–1.55%
Parker-Hannifin Corp. 118,870    55,215,115
Industrial REITs–1.91%
Prologis, Inc. 536,302    67,944,100
Integrated Oil & Gas–3.33%
Chevron Corp. 804,831   118,656,234
Integrated Telecommunication Services–1.75%
Deutsche Telekom AG (Germany) 2,539,844    62,347,606
Investment Banking & Brokerage–3.70%
Charles Schwab Corp. (The) 639,458    40,234,697
Morgan Stanley 1,050,590    91,653,472
      131,888,169
IT Consulting & Other Services–3.23%
Accenture PLC, Class A 165,907    60,370,239
International Business Machines Corp. 297,984    54,727,742
      115,097,981
Movies & Entertainment–1.58%
Walt Disney Co. (The) 585,810    56,267,051
Multi-line Insurance–2.07%
American International Group, Inc. 1,061,204    73,764,290
Multi-Utilities–3.85%
Ameren Corp. 449,020    31,238,321
Public Service Enterprise Group, Inc. 1,236,724    71,717,625
WEC Energy Group, Inc. 424,643    34,294,169
      137,250,115
Oil & Gas Exploration & Production–3.24%
ConocoPhillips 581,594    65,062,921
Marathon Oil Corp. 2,210,204    50,503,161
      115,566,082
Oil & Gas Storage & Transportation–0.63%
Enbridge, Inc. (Canada) 635,355    22,560,785
 
See accompanying notes which are an integral part of this schedule.
Invesco Dividend Income Fund
  Shares Value
Packaged Foods & Meats–2.49%
Kraft Heinz Co. (The) 933,781    $34,671,288
Nestle S.A. (Switzerland) 474,158    54,030,554
      88,701,842
Paper & Plastic Packaging Products & Materials–0.65%
Sonoco Products Co. 410,222    23,341,631
Pharmaceuticals–8.10%
AstraZeneca PLC (United Kingdom) 476,790    63,211,311
Johnson & Johnson 604,850    96,110,665
Merck & Co., Inc. 1,070,696   129,318,663
      288,640,639
Property & Casualty Insurance–3.95%
Chubb Ltd. 305,240    74,783,800
Hartford Financial Services Group, Inc. (The) 760,151    66,102,731
      140,886,531
Rail Transportation–1.80%
Union Pacific Corp. 263,614    64,303,363
Regional Banks–1.32%
M&T Bank Corp. 341,206    47,120,549
Restaurants–3.60%
McDonald’s Corp. 302,947    88,678,646
Starbucks Corp. 427,593    39,778,977
      128,457,623
Semiconductor Materials & Equipment–1.28%
Lam Research Corp. 55,356    45,678,111
Semiconductors–2.13%
Analog Devices, Inc. 297,218    57,172,854
Broadcom, Inc. 16,017    18,900,060
      76,072,914
Specialty Chemicals–2.15%
DuPont de Nemours, Inc. 544,859    33,672,286
PPG Industries, Inc. 304,791    42,987,723
      76,660,009
  Shares Value
Systems Software–1.84%
Microsoft Corp. 164,586    $65,436,102
Timber REITs–1.13%
Weyerhaeuser Co. 1,233,317    40,415,798
Tobacco–2.43%
Philip Morris International, Inc. 953,935    86,664,995
Total Common Stocks & Other Equity Interests (Cost $2,781,059,629) 3,483,971,333
Money Market Funds–2.01%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(c)(d) 25,098,346    25,098,346
Invesco Liquid Assets Portfolio, Institutional Class, 5.42%(c)(d) 17,913,652    17,924,400
Invesco Treasury Portfolio, Institutional Class, 5.22%(c)(d) 28,683,824    28,683,824
Total Money Market Funds (Cost $71,702,818) 71,706,570
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.74% (Cost $2,852,762,447)     3,555,677,903
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.00%
Invesco Private Government Fund, 5.29%(c)(d)(e) 6,220         6,220
Invesco Private Prime Fund, 5.52%(c)(d)(e) 15,597        15,608
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $21,828) 21,828
TOTAL INVESTMENTS IN SECURITIES–99.74% (Cost $2,852,784,275) 3,555,699,731
OTHER ASSETS LESS LIABILITIES—0.26% 9,162,504
NET ASSETS–100.00% $3,564,862,235
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 January 31, 2024.
(c) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended January 31, 2024.
    
  Value
April 30, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
January 31, 2024 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $39,324,600 $211,419,254 $(225,645,508) $- $- $25,098,346 $1,198,719
Invesco Liquid Assets Portfolio, Institutional Class 28,085,718 151,013,753 (161,175,363) 3,391 (3,099) 17,924,400 876,725
Invesco Treasury Portfolio, Institutional Class 44,942,400 241,622,005 (257,880,581) - - 28,683,824 1,366,963
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 		Realized
Gain
(Loss) 		Value
January 31, 2024 		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $26,609,123 $207,878,223 $(234,481,126) $- $- $6,220 $309,074*
Invesco Private Prime Fund 68,423,459 501,096,289 (569,511,545) - 7,405 15,608 833,680*
Total $207,385,300 $1,313,029,524 $(1,448,694,123) $3,391 $4,306 $71,728,398 $4,585,161
    
* 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 January 31, 2024.
(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
January 31, 2024
(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 January 31, 2024. 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 $3,269,180,050 $214,791,283 $— $3,483,971,333
Money Market Funds 71,706,570 21,828 — 71,728,398
Total Investments $3,340,886,620 $214,813,111 $— $3,555,699,731
Invesco Dividend Income Fund