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Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value
\| \|
Common Stocks & Other Equity Interests—87.82%

Australia—12.83%

BHP Billiton Ltd.		303,762	$	13,501,663

Coca-Cola Amatil Ltd.		287,844		3,234,425

Cochlear Ltd.		97,713		7,534,356

Computershare Ltd.		749,782		7,558,094

CSL Ltd.		388,063		14,417,373

QBE Insurance Group Ltd.		525,021		9,185,377

Toll Holdings Ltd.		494,339		2,897,121

Woolworths Ltd.		280,651		7,480,320

WorleyParsons Ltd.		342,058		9,477,616

				75,286,345


China—14.00%

China Merchants Bank Co., Ltd. -Class H		3,823,500		8,973,046

CNOOC Ltd. -ADR		69,542		15,484,222

Industrial and Commercial Bank of China Ltd. -Class H		24,446,000		18,132,023

Minth Group Ltd.		4,560,000		6,901,381

NetEase.com Inc. -ADR^(a)		148,299		5,982,382

Stella International Holdings Ltd.		5,052,500		10,977,638

Vinda International Holdings Ltd.		3,375,000		3,161,383

Want Want China Holdings Ltd.		3,912,000		3,276,523

Xinyi Glass Holdings Co. Ltd.		11,092,000		9,242,568

				82,131,166


Hong Kong—8.31%

Cheung Kong (Holdings) Ltd.		619,000		10,243,137

Dickson Concepts (International) Ltd.		4,471,000		3,486,562

Franshion Properties China Ltd.		13,532,000		3,922,470

Hongkong Land Holdings Ltd.		562,000		3,956,480

Hutchison Whampoa Ltd.		994,000		11,644,487

Lee & Man Paper Manufacturing Ltd.		9,617,000		6,639,973

Li & Fung Ltd.		682,200		4,439,484

Paliburg Holdings Ltd.		11,613,240		4,432,446

				48,765,039


India—1.94%

Bharat Heavy Electricals Ltd.		53,486		2,593,849

Infosys Technologies Ltd.		129,079		8,766,574

				11,360,423


Indonesia—8.18%

PT Astra International Tbk		504,500		2,726,274

PT Bank Central Asia Tbk		5,413,000		3,379,760

PT Indocement Tunggal Prakarsa Tbk		3,184,500		4,768,480

PT Perusahaan Gas Negara		34,141,500		16,023,944

PT Summarecon Agung Tbk		113,719,500		10,987,698

PT Telekomunikasi Indonesia Tbk		12,087,500		10,108,720

				47,994,876


Malaysia—6.50%

Kossan Rubber Industries Berhad ^(b)		13,567,000		14,180,761

Parkson Holdings Berhad		6,240,177		11,495,867

Public Bank Berhad		2,849,900		12,473,840

				38,150,468


Philippines—11.42%

Ayala Corp.		952,250		7,328,803

Energy Development Corp.		71,394,700		9,367,806

Energy Development Corp.^(c)		2,918,750		382,974

First Gen Corp. ^(a)		32,432,989		8,451,203

First Gen Corp.^{(a) (c)}		1,919,100		500,068

GMA Holdings, Inc. -PDR ^{(a) (b)}		47,245,000		7,377,866

GMA Holdings, Inc. —PDR^{(a) (b) (c)}		1,468,000		229,246

Manila Water Co.		8,242,000		3,386,645

Philippine Long Distance Telephone Co.		207,945		11,543,897

SM Investments Corp.		1,735,775		18,410,269

				66,978,777


Singapore—3.89%

Keppel Corp. Ltd.		1,518,000		13,956,530

United Overseas Bank Ltd.		570,000		8,842,947

				22,799,477


South Korea—8.20%

CJ CheilJedang Corp.		40,273		6,913,897

Hyundai Department Store Co., Ltd. ^(a)		76,740		8,990,913

Hyundai Mobis^(a)		35,656		8,219,991

Lotte Confectionery Co., Ltd. ^(a)		4,263		5,391,005

MegaStudy Co., Ltd. ^(a)		29,612		5,017,640

NHN Corp. ^(a)		63,329		11,295,639

S1 Corp.		47,712		2,286,680

				48,115,765


Taiwan—6.01%

Hon Hai Precision Industry Co., Ltd.		1,468,160		6,285,693

Taiwan Semiconductor Manufacturing Co. Ltd.		7,347,464		19,215,596

Wistron Corp.		4,998,244		9,787,539

				35,288,828


Thailand—6.54%

BEC World PCL		3,309,200		3,389,616

CP ALL PCL		3,120,600		3,889,385

Kasikornbank PCL		2,780,500		10,621,528

Major Cineplex Group PCL		17,775,000		6,674,976

Siam Commercial Bank PCL		2,957,600		9,033,653

Thai Stanley Electric PCL —Class F		884,000		4,736,225

				38,345,383


Total Common Stocks & Other Equity Interests (Cost $355,697,226)				515,216,547

See accompanying notes which are an integral part of this schedule.

Invesco Asia Pacific Growth Fund


	Shares		Value
Money Market Funds—12.67%

Liquid Assets Portfolio — Institutional Class ^(d)		37,184,485		37,184,485

Premier Portfolio — Institutional Class ^(d)		37,184,485		37,184,485

Total Money Market Funds (Cost $74,368,970)				74,368,970

TOTAL INVESTMENTS—100.49% (Cost $430,066,196)				589,585,517

OTHER ASSETS LESS LIABILITIES—(0.49)%				(2,888,019	)

NET ASSETS—100.00%			$	586,697,498

Investment Abbreviations:

ADR — American Depositary Receipt

PDR — Philippine Deposit Receipt

Notes to Schedule of Investments:


^(a)		Non-income producing security.

^(b)		Affiliated company during the period. The Investment Company Act of 1940 defines affiliates as those companies in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The aggregate value of these securities as of January 31, 2011 was $21,787,873, which represented 3.71% of the Fund’s Net Assets. See Note 3.

^(c)		Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2011 was $1,278,444, which represented 0.22% of the Fund’s Net Assets.

^(d)		The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Asia Pacific Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

A.		Security Valuations — Securities, including restricted securities, are valued according to the following policy.

		A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

		Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

		Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and/or principal payments.

		Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trade is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economical upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

		Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including Corporate Loans.

		Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

		Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity.

Invesco Asia Pacific Growth Fund

A.		Security Valuations — (continued)

		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.

B.		Securities Transactions and Investment Income — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

		The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

		Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

		The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

C.		Country Determination — For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

D.		Foreign Currency Translations — Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

		The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Foreign Currency Contracts — The Fund may enter into foreign currency contracts to manage or minimize currency or exchange rate risk. The Fund may also enter into foreign currency contracts for the purchase or sale of a security denominated in a foreign currency in order to “lock in” the U.S. dollar price of that security. A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The use of foreign currency contracts does not eliminate fluctuations in the price of the underlying securities the Fund owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the contract date and reporting date exchange rates and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with foreign currency contracts include failure of the counterparty to meet the terms of the contract and the

Invesco Asia Pacific Growth Fund

E.		Foreign Currency Contracts — (continued)

		value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

NOTE 2 — 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, 2011. 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

Australia	$	2,897,121	$	72,389,224	$	—	$	75,286,345

China		39,345,623		42,785,543		—		82,131,166

Hong Kong		11,365,512		37,399,527		—		48,765,039

India		—		—		11,360,423		11,360,423

Indonesia		10,874,514		37,120,362		—		47,994,876

Malaysia		38,150,468		—		—		38,150,468

Philippines		37,561,278		29,417,499		—		66,978,777

Singapore		—		22,799,477		—		22,799,477

South Korea		36,838,172		11,277,593		—		48,115,765

Taiwan		—		35,288,828		—		35,288,828

Thailand		34,955,767		3,389,616		—		38,345,383

United States		74,368,970		—		—		74,368,970

Total Investments	$	286,357,425	$	291,867,669	$	11,360,423	$	589,585,517


*		Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments.

Invesco Asia Pacific Growth Fund

NOTE 3 — Investments in Other Affiliates

The Investment Company Act of 1940 defines affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The following is a summary of the investments in affiliates for the three months ended January 31, 2011.


							Change in
							Unrealized			Realized
	Value		Purchases at		Proceeds from		Appreciation			Gain		Value		Dividend
	10/31/10		Cost		Sales		(Depreciation)			(Loss)		01/31/11		Income

GMA Holdings, Inc. - PDR	$	8,314,922	$	—	$	—	$	(707,810	)	$	—	$	7,607,112	$	—

Kossan Rubber Industries		11,153,408		2,576,081		—		451,272			—		14,180,761		—

Total	$	19,468,330	$	2,576,081	$	—	$	(256,538	)	$	—	$	21,787,873	$	—

NOTE 4 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2011 was $47,056,827 and $37,330,888, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.

Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	169,074,694

Aggregate unrealized (depreciation) of investment securities		(10,193,997	)

Net unrealized appreciation of investment securities	$	158,880,697

Cost of investments for tax purposes is $430,704,820.

Invesco Asia Pacific Growth Fund

Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—91.51%
Austria—0.73%
Andritz AG		78,641	$	6,707,285
Belgium—1.62%
Anheuser-Busch InBev N.V.		267,742		14,811,501
Denmark—2.13%
Novo Nordisk A.S. -Class B		172,665		19,495,621
France—4.94%
AXA S.A.		267,722		5,665,439
BNP Paribas		160,228		11,974,877
Cie Generale des Etablissements Michelin — Class B		61,213		4,455,027
Danone S.A.		149,516		9,002,883
Publicis Groupe S.A.		95,881		4,933,384
Total S.A.		157,298		9,196,945

				45,228,555

Germany—8.01%
Bayer AG		121,976		8,992,506
Bayerische Motoren Werke AG		167,176		12,832,815
Deutsche Boerse AG		119,315		9,041,305
Fresenius Medical Care AG & Co. KGaA		141,770		8,292,931
Puma AG Rudolf Dassler Sport		35,247		11,019,407
SAP AG		168,653		9,746,581
Wirecard AG		835,563		13,398,664

				73,324,209

Greece—1.38%
Intralot S.A.		2,226,503		7,649,570
Jumbo S.A.		716,646		4,993,010

				12,642,580

Ireland—3.11%
DCC PLC		407,912		12,060,359
Paddy Power PLC		417,196		16,446,467

				28,506,826

Italy—0.45%
Ansaldo STS S.p.A.		273,642		4,142,646

Netherlands—5.61%
Aalberts Industries N.V.		798,426		15,792,195
Koninklijke (Royal) KPN N.V.		540,194		8,523,742
Koninklijke Ahold N.V.		770,622		10,432,243
TNT N.V.		372,837		10,115,382
Unilever N.V.		221,016		6,536,089

				51,399,651

Norway—4.10%
Prosafe S.E.		2,168,647		16,142,312
TGS Nopec Geophysical Co. A.S.A.		902,461		21,346,525

				37,488,837

Russia—1.82%
Gazprom OAO -ADR		396,857		10,541,464
VimpelCom Ltd. -ADR		444,629		6,153,665

				16,695,129

Spain—0.67%
Prosegur, Compania de Seguridad S.A.		105,356		6,128,980

Sweden—3.76%
Intrum Justitia A.B.		810,101		12,824,205
Kinnevik Investment A.B. -Class B		403,826		9,000,781
Telefonaktiebolaget LM Ericsson -Class B		622,618		7,671,988
Volvo A.B. -Class B ^(a)		280,960		4,888,382

				34,385,356

Switzerland—11.12%
Aryzta AG		449,957		19,554,861
Dufry Group ^(a)		132,312		15,847,175
Julius Baer Group Ltd.		187,464		8,480,845
Nestle S.A.		297,920		16,105,916
Novartis AG		225,791		12,586,459
Roche Holding AG		142,159		21,618,164
Syngenta AG		23,638		7,612,322

				101,805,742

Turkey—3.57%
Haci Omer Sabanci Holding A.S.		3,826,299		16,281,108
Tupras-Turkiye Petrol Rafinerileri A.S.		630,483		16,363,921

				32,645,029

United Kingdom—38.49%
Amlin PLC		2,260,983		14,134,479
Balfour Beatty PLC		2,145,257		11,547,443
BG Group PLC		525,644		11,827,633
British American Tobacco PLC		321,997		11,884,898
Bunzl PLC		733,895		8,937,290
Centrica PLC		2,436,700		12,482,139
Chemring Group PLC		289,565		15,593,573
Compass Group PLC		1,842,815		16,392,248
Homeserve PLC		2,650,051		18,586,647
IG Group Holdings PLC		2,002,117		14,491,074
Imperial Tobacco Group PLC		582,222		16,632,448
Informa PLC		2,591,598		17,882,031
International Power PLC		2,511,089		17,000,817
Kingfisher PLC		2,103,441		8,487,965
Lancashire Holdings Ltd.		1,049,341		9,334,121
Micro Focus International PLC		1,222,218		8,028,179
Mitie Group PLC		3,720,824		13,023,107
Next PLC		268,357		8,495,566
Reckitt Benckiser Group PLC		157,830		8,580,291

See accompanying notes which are an integral part of this schedule.

Invesco European Growth Fund


	Shares		Value

United Kingdom—(continued)
Reed Elsevier PLC		1,106,916	$	9,802,332
Royal Dutch Shell PLC -Class B		292,051		10,152,926
Shire PLC		895,197		23,626,326
Tesco PLC		2,088,642		13,468,472
Ultra Electronics Holdings PLC		547,110		15,638,157
United Business Media Ltd.		671,954		7,558,900
Vodafone Group PLC		4,911,145		13,789,904
William Hill PLC		1,439,895		4,193,164
WPP PLC		871,306		10,778,092

				352,350,222

Total Common Stocks & Other Equity Interests (Cost $621,930,169)				837,758,169

Money Market Funds—8.01%
Liquid Assets Portfolio — Institutional Class ^(b)		36,641,924		36,641,924
Premier Portfolio — Institutional Class ^(b)		36,641,924		36,641,924
Total Money Market Funds (Cost $73,283,848)				73,283,848

TOTAL INVESTMENTS—99.52% (Cost $695,214,017)				911,042,017

OTHER ASSETS LESS LIABILITIES—0.48%				4,429,981

NET ASSETS—100.00%			$	915,471,998

Investment Abbreviations:



ADR —American Depositary Receipt

Notes to Schedule of Investments:

^(a)		Non-income producing security.

^(b)		The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco European Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

Security Valuations — Securities, including restricted securities, are valued according to the following policy.

A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and/or principal payments.

Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trade is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economical upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including Corporate Loans.

Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

Invesco European Growth Fund

A.		Security Valuations —(continued)

		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.

B.		Securities Transactions and Investment Income — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

C.		Country Determination — For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

D.		Foreign Currency Translations — Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Invesco European Growth Fund

Foreign Currency Contracts —(continued)

value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

NOTE 2 — Additional Valuation Information

	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.


	Level 1*		Level 2*		Level 3		Total

Australia	$	6,707,285	$	—	$	—	$	6,707,285
Belgium		14,811,501		—		—		14,811,501
Denmark		—		19,495,621		—		19,495,621
France		45,228,555		—		—		45,228,555
Germany		73,324,209		—		—		73,324,209
Greece		12,642,580		—		—		12,642,580
Ireland		28,506,826		—		—		28,506,826
Italy		4,142,646		—		—		4,142,646
Netherlands		32,760,527		18,639,124		—		51,399,651
Norway		16,142,312		21,346,525		—		37,488,837
Russia		6,153,665		10,541,464				16,695,129
Spain		6,128,980		—		—		6,128,980
Sweden		7,671,988		26,713,368		—		34,385,356
Switzerland		89,219,283		12,586,459		—		101,805,742
Turkey		32,645,029		—		—		32,645,029
United Kingdom		278,330,217		74,020,005		—		352,350,222
United States		73,283,848		—		—		73,283,848

Total Investments	$	727,699,451	$	183,342,566	$	—	$	911,042,017



*		Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments.

Invesco European Growth Fund

Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—94.74%
Australia—0.81%
Computershare Ltd.		555,000	$	5,594,616
Brazil—2.62%
Cielo S.A.		1,433,600		10,638,052
Duratex S.A.		770,700		7,397,240

				18,035,292

Canada—7.35%
Astral Media Inc. -Class A		158,400		6,332,520
Fairfax Financial Holdings Ltd.		20,671		7,886,070
MacDonald, Dettwiler and Associates Ltd. ^(a)		105,312		5,098,897
Onex Corp.		365,598		11,756,972
Paramount Resources Ltd. -Class A ^(a)		168,732		5,201,994
Power Financial Corp.		205,556		6,115,563
Precision Drilling Corp. ^(a)		777,655		8,170,309

				50,562,325

China—1.69%
Lee & Man Paper Manufacturing Ltd.		7,276,000		5,023,650
NetEase.com Inc. -ADR^(a)		163,215		6,584,093

				11,607,743

Germany—2.21%
Deutsche Boerse AG		96,354		7,301,395
Puma AG Rudolf Dassler Sport		25,317		7,914,953

				15,216,348

Greece—0.97%
Intralot S.A.		1,953,016		6,709,954

Hong Kong—0.51%
Hongkong Land Holdings Ltd.		497,000		3,498,880

Indonesia—1.67%
PT Perusahaan Gas Negara		24,472,000		11,485,669

Ireland—1.58%
DCC PLC		366,961		10,849,598

Japan—3.96%
EXEDY Corp.		528,000		17,698,561
PIGEON Corp.		114,600		3,483,990
THK Co., Ltd.		231,300		6,056,809

				27,239,360

Mexico—1.44%
America Movil S.A.B. de C.V. -Series L -ADR		173,500		9,887,765

Netherlands—0.35%
Nielsen Holdings N.V. ^(a)		93,676		2,442,133

Philippines—5.32%
Ayala Corp.		2,905,864		22,364,403
Energy Development Corp. ^(b)		6,577,500		863,044
Energy Development Corp.		102,258,500		13,417,493

				36,644,940

Russia—0.74%
VimpelCom Ltd. -ADR		370,246		5,124,205

South Africa—2.13%
AngloGold Ashanti Ltd. -ADR		87,789		3,778,438
Naspers Ltd. -Class N		208,079		10,856,419

				14,634,857

South Korea—1.23%
NHN Corp. ^(a)		47,557		8,482,476

Spain—0.70%
Prosegur, Compania de Seguridad S.A.		82,257		4,785,219

Sweden—0.96%
Kinnevik Investment AB -Class B		294,904		6,573,044

Switzerland—1.73%
Aryzta AG		217,713		9,461,676
Foster Wheeler AG ^(a)		65,661		2,416,982

				11,878,658

Thailand—1.37%
Siam Commercial Bank PCL		3,089,900		9,437,749

Turkey—3.07%
Haci Omer Sabanci Holding A.S.		1,770,697		7,534,411
Tupras-Turkiye Petrol Rafinerileri A.S.		524,455		13,612,009

				21,146,420

United Kingdom—18.27%
African Barrick Gold Ltd.		576,174		4,626,977
Bunzl PLC		443,869		5,405,386
Chemring Group PLC		191,113		10,291,764
Compass Group PLC		611,853		5,442,568
Homeserve PLC		2,048,957		14,370,757
IG Group Holdings PLC		1,623,859		11,753,290
Informa PLC		1,662,227		11,469,369
International Power PLC		2,300,903		15,577,795
Lancashire Holdings Ltd.		590,881		5,256,017
Micro Focus International PLC		890,798		5,851,236
Playtech Ltd.		554,800		3,411,461
Shire PLC		639,427		16,875,962
Ultra Electronics Holdings PLC		288,643		8,250,342
United Business Media Ltd.		338,848		3,811,746
William Hill PLC		1,137,590		3,312,812

				125,707,482

See accompanying notes which are an integral part of this schedule.

Invesco Global Small & Mid Cap Growth Fund


	Shares		Value

United States—34.06%
Aetna Inc.		128,648	$	4,237,665
Affiliated Managers Group, Inc. ^(a)		46,726		4,758,109
AGCO Corp. ^(a)		81,533		4,133,723
Alliance Data Systems Corp. ^(a)		48,570		3,435,842
Alpha Natural Resources, Inc. ^(a)		62,705		3,369,140
Altera Corp.		61,005		2,291,958
American Medical Systems Holdings, Inc. ^(a)		226,446		4,420,226
American Tower Corp. -Class A ^(a)		43,661		2,220,598
Amphenol Corp. -Class A		94,122		5,208,712
Assured Guaranty Ltd.		121,419		1,755,719
Autodesk, Inc. ^(a)		89,596		3,644,765
Avnet, Inc. ^(a)		148,233		5,280,059
BE Aerospace, Inc. ^(a)		113,894		4,406,559
BorgWarner, Inc. ^(a)		60,269		4,062,131
Bunge Ltd. ^(a)		30,330		2,064,563
Cavium Networks, Inc. ^(a)		89,869		3,553,420
Choice Hotels International, Inc.		122,479		4,645,628
Coach, Inc.		90,525		4,896,497
Continental Resources, Inc. ^(a)		90,089		5,784,615
Corrections Corp. of America ^(a)		91,127		2,260,861
Crown Holdings, Inc. ^(a)		132,308		4,413,795
DaVita, Inc. ^(a)		56,785		4,193,572
Discover Financial Services		222,463		4,580,513
Discovery Communications, Inc. -Class A ^(a)		49,829		1,943,331
Finisar Corp. ^(a)		126,770		4,221,441
Flowserve Corp.		37,454		4,681,375
Gardner Denver Inc.		56,829		4,099,644
Gentex Corp.		71,127		2,281,043
Hershey Co. (The)		91,951		4,293,192
Human Genome Sciences, Inc. ^(a)		114,454		2,776,654
IHS Inc. -Class A ^(a)		58,086		4,760,729
Intrepid Potash, Inc. ^(a)		100,941		3,648,008
J.B. Hunt Transport Services, Inc.		107,621		4,412,461
Jones Lang LaSalle Inc.		48,689		4,315,793
Kennametal Inc.		106,782		4,335,349
Lam Research Corp. ^(a)		80,683		4,025,275
Lubrizol Corp. (The) ^(a)		37,048		3,981,178
Macy’s, Inc.		185,988		4,305,622
Marriott International Inc. -Class A		113,824		4,494,910
Marvell Technology Group Ltd. ^(a)		214,078		4,069,623
Micron Technology, Inc. ^(a)		344,980		3,636,089
Moody’s Corp.		146,170		4,293,013
Navistar International Corp. ^(a)		73,286		4,752,597
O’Reilly Automotive, Inc. ^(a)		73,804		4,194,281
Oil States International, Inc. ^(a)		60,574		4,104,494
Pharmaceutical Product Development, Inc.		136,735		3,984,458
Pioneer Natural Resources Co.		61,173		5,821,223
Robert Half International, Inc.		126,423		3,964,625
Rovi Corp. ^(a)		66,845		4,128,347
Rue21, Inc. ^(a)		68,647		2,025,087
Staples, Inc.		183,505		4,093,997
Stillwater Mining Co. ^(a)		154,376		3,346,872
Teradata Corp. ^(a)		116,503		5,008,464
Terex Corp. ^(a)		134,019		4,346,236
TIBCO Software Inc. ^(a)		202,306		4,446,686
Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		105,408		3,904,312
Universal Health Services, Inc. -Class B ^(a)		97,428		4,101,719
VeriSign, Inc. ^(a)		125,445		4,221,224
Weatherford International Ltd. ^(a)		158,099		3,750,108

				234,388,130

Total Common Stocks & Other Equity Interests (Cost $486,070,873)				651,932,863

Preferred Stock—1.29%
Brazil—1.29%
Companhia de Transmissao de Energia Eletrica Paulista -Pfd. (Cost $7,393,495)		289,600		8,861,725
Money Market Funds—4.64%
Liquid Assets Portfolio — Institutional Class ^(c)		15,976,957		15,976,957
Premier Portfolio — Institutional Class ^(c)		15,976,957		15,976,957

Total Money Market Funds (Cost $31,953,914)				31,953,914

TOTAL INVESTMENTS—100.67% (Cost $525,418,282)				692,748,502

OTHER ASSETS LESS LIABILITIES—(0.67)%				(4,605,785	)

NET ASSETS—100.00%			$	688,142,717

Investment Abbreviations:



ADR — American Depositary Receipt

Pfd. — Preferred

Notes to Schedule of Investments:

^(a)		Non-income producing security.

^(b)		Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. 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, 2011 represented 0.13% of the Fund’s Net Assets.

^(c)		The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Global Small & Mid Cap Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

Security Valuations — Securities, including restricted securities, are valued according to the following policy.

Invesco Global Small & Mid Cap Growth Fund

Security Valuations — (continued)

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.

Securities Transactions and Investment Income — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Country Determination — For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

Foreign Currency Translations — Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Invesco Global Small & Mid Cap Growth Fund

NOTE 2 — Additional Valuation Information

	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.

Invesco Global Small & Mid Cap Growth Fund

During the three months ended January 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Australia	$	—	$	5,594,616	$	—	$	5,594,616
Brazil		26,897,017		—		—		26,897,017
Canada		50,562,325		—		—		50,562,325
China		6,584,093		5,023,650		—		11,607,743
Germany		15,216,348		—		—		15,216,348
Greece		6,709,954		—		—		6,709,954
Hong Kong		3,498,880		—		—		3,498,880
Indonesia		—		11,485,669		—		11,485,669
Ireland		10,849,598		—		—		10,849,598
Japan		—		27,239,360		—		27,239,360
Mexico		9,887,765		—		—		9,887,765
Netherlands		2,442,133		—		—		2,442,133
Philippines		—		36,644,940		—		36,644,940
Russia		5,124,205		—		—		5,124,205
South Africa		3,778,438		10,856,419		—		14,634,857
South Korea		8,482,476		—		—		8,482,476
Spain		4,785,219		—		—		4,785,219
Sweden		—		6,573,044		—		6,573,044
Switzerland		11,878,658		—		—		11,878,658
Thailand		9,437,749		—		—		9,437,749
Turkey		21,146,420		—		—		21,146,420
United Kingdom		105,518,708		20,188,774		—		125,707,482
United States		266,342,044		—		—		266,342,044

	$	569,142,030	$	123,606,472	$	—	$	692,748,502

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2011 was $67,564,587 and $72,756,679, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	193,098,720
Aggregate unrealized (depreciation) of investment securities		(27,238,067	)

Net unrealized appreciation of investment securities	$	165,860,653


Cost of investments for tax purposes is $526,887,849.

Invesco Global Small & Mid Cap Growth Fund

Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—95.94%
Australia—6.44%
Australia and New Zealand Banking Group Ltd.		195,763	$	4,635,909
BHP Billiton Ltd.		194,666		8,652,546
Macquarie Group Ltd.		95,948		3,904,917
Telstra Corp. Ltd.		1,434,027		4,012,822

				21,206,194

Brazil—1.42%
Banco Santander Brasil S.A. ^(a)(b)		26,100		302,647
Banco Santander Brasil S.A. ^(a)		48,800		565,869
Companhia Energetica de Minas Gerais — ADR		52,115		860,940
PDG Realty S.A. Empreendimentos e Participacoes		175,200		969,013
Petroleo Brasileiro S.A. — ADR		26,603		977,128
Vale S.A. — ADR		29,034		1,011,254

				4,686,851

Canada—5.48%
Encana Corp.		98,838		3,185,361
Intact Financial Corp.		86,721		4,369,394
Metro Inc. — Class A		69,337		2,994,932
Nexen Inc.		163,184		4,098,749
Toronto-Dominion Bank (The) ^(c)		45,400		3,398,766

				18,047,202

China—1.12%
China Construction Bank Corp. — Class H		599,000		524,614
China Dongxiang Group Co.		1,460,000		635,158
China Minsheng Banking Corp., Ltd. — Class H		708,000		602,596
CNOOC Ltd.		302,800		673,979
KWG Property Holding Ltd.		567,000		423,010
Renhe Commercial Holdings Co., Ltd.		4,908,000		818,346

				3,677,703

Denmark—1.38%
Danske Bank A/S ^(d)		169,167		4,535,058
Finland—1.04%
Nokia Corp.		321,078		3,436,824
France—6.79%
BNP Paribas		56,513		4,223,583
Bouygues S.A.		105,975		4,933,442
Sanofi-Aventis S.A.		104,661		7,145,091
Total SA — ADR		103,133		6,061,127

				22,363,243

Germany—1.77%
Muenchener Rueckversicherungs-Gesellschaft AG		15,140		2,370,784
Salzgitter AG		42,732		3,456,851

				5,827,635

Greece—0.74%
National Bank of Greece S.A. ^(d)		252,382		2,438,951
Hong Kong—5.38%
Chaoda Modern Agriculture Holdings Ltd.		596,000		427,817
Cheung Kong (Holdings) Ltd.		255,000		4,219,709
China Unicom (Hong Kong) Ltd.		488,000		804,973
Esprit Holdings Ltd.		711,728		3,373,010
Henderson Land Development Co. Ltd.		627,000		4,335,696
Hutchison Whampoa Ltd.		389,100		4,558,219

				17,719,424

India—0.10%
Grasim Industries Ltd.		23		1,143
Oil and Natural Gas Corp. Ltd.		12,980		333,032

				334,175

Indonesia—0.16%
PT Telekomunikasi Indonesia Tbk		632,000		528,539
Ireland—0.23%
Dragon Oil PLC ^(d)		81,364		756,323
Italy—1.62%
Eni S.p.A — ADR		112,427		5,340,283
Japan—25.15%
Canon Inc.		88,600		4,333,570
East Japan Railway Co.		46,200		3,047,571
FUJIFILM Holdings Corp.		233,700		8,489,411
Mitsubishi Corp.		224,700		6,239,444
Mitsubishi UFJ Financial Group, Inc.		1,229,200		6,367,335
Murata Manufacturing Co., Ltd.		74,600		5,641,055
Nippon Telegraph & Telephone Corp.		69,200		3,214,997
Nippon Yusen Kabushiki Kaisha		1,287,000		5,618,724
Nissan Motor Co., Ltd.		644,500		6,499,607
Nitto Denko Corp.		66,900		3,325,847
NTT DoCoMo, Inc.		1,929		3,440,142
Seven & I Holdings Co., Ltd.		139,800		3,611,476
Shin-Etsu Chemical Co., Ltd.		56,700		3,183,844
Sumitomo Chemical Co., Ltd.		1,247,000		6,479,491
Takeda Pharmaceutical Co. Ltd.		66,700		3,206,689
Toyota Motor Corp.		103,900		4,296,828
Yamada Denki Co., Ltd.		86,750		5,876,662

				82,872,693

Mexico—0.46%
America Movil S.A.B. de C.V. — Series L		281,900		804,213
Desarrolladora Homex S.A.B. de C.V.—ADR^(d)		23,848		727,126

				1,531,339

Netherlands—2.49%
TNT N.V.		131,265		3,561,330
Unilever N.V.		156,942		4,641,234

				8,202,564

See accompanying notes which are an integral part of this schedule.

Invesco International Core Equity Fund


	Shares		Value

Norway—2.61%
Statoil ASA		106,685	$	2,588,563
Yara International ASA		106,462		6,010,408

				8,598,971

Poland—0.31%
KGHM Polska Miedz S.A.		17,730		1,038,185
Russia—0.72%
Gazprom — ADR		30,873		820,060
Magnitogorsk Iron & Steel Works — GDR		51,185		747,301
Rosneft Oil Co. — GDR		92,946		797,580

				2,364,941

South Africa—1.04%
Barloworld Ltd.		44,433		428,374
Sasol Ltd.		15,218		734,634
Standard Bank Group Ltd.		54,097		791,645
Steinhoff International Holdings Ltd. ^(d)		262,335		849,373
Tiger Brands Ltd.		24,636		637,298

				3,441,324

South Korea—2.14%
Dongbu Insurance Co., Ltd.		13,960		567,334
Hyundai Mipo Dockyard Co., Ltd.		5,647		1,040,504
Hyundai Mobis		5,564		1,282,702
LG Electronics Inc.		4,321		450,071
Lotte Shopping Co., Ltd.		843		339,493
POSCO		2,221		903,022
Samsung Electronics Co. Ltd.		1,560		1,370,761
Shinhan Financial Group Co., Ltd.		15,750		699,034
SK Telecom Co., Ltd.		2,799		410,626

				7,063,547

Spain—5.87%
Banco Santander S.A.		456,217		5,589,005
Iberdrola S.A.		617,478		5,290,976
Repsol YPF, S.A. — ADR^(c)		114,837		3,644,926
Telefonica S.A.		191,233		4,813,786

				19,338,693

Switzerland—7.61%
Actelion Ltd. ^(d)		69,539		3,759,362
Holcim Ltd.		62,318		4,362,194
Swisscom AG		20,041		8,850,447
Zurich Financial Services AG		29,627		8,091,500

				25,063,503

Taiwan—0.89%
AU Optronics Corp. — ADR^(d)		61,382		589,267
HTC Corp.		30,753		1,027,979
Powertech Technology Inc.		267,000		993,819
U-Ming Marine Transport Corp.		146,000		313,885

				2,924,950

Thailand—0.37%
Bangkok Bank PCL — NVDR		147,700		712,441
PTT PCL		45,500		493,444

				1,205,885

Turkey—0.18%
Asya Katilim Bankasi A.S.		347,352		606,804
United Kingdom—12.43%
AstraZeneca PLC		79,113		3,839,148
Barclays PLC		869,325		4,089,147
GlaxoSmithKline PLC		261,009		4,716,608
Imperial Tobacco Group PLC		269,881		7,709,743
International Power PLC		815,677		5,522,375
National Grid PLC		468,399		4,171,138
Royal Dutch Shell PLC — ADR		110,774		7,863,846
Vodafone Group PLC		1,080,076		3,032,723

				40,944,728

Total Common Stocks & Other Equity Interests (Cost $263,535,946)				316,096,532

Preferred Stocks—2.62%
Brazil—0.18%
Usinas Siderurgicas de Minas Gerais S.A. — Class A — 2.67% Pfd.^(d)		50,300		586,280
Germany—2.44%
Porsche Automobil Holding SE — Pfd.		86,657		8,046,916

Total Preferred Stocks (Cost $6,027,937)				8,633,196

Money Market Funds—1.22%
Liquid Assets Portfolio — Institutional Class ^(e)		2,009,309		2,009,309
Premier Portfolio — Institutional Class ^(e)		2,009,309		2,009,309

Total Money Market Funds (Cost $4,018,618)				4,018,618

TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)—99.78% (Cost $273,582,502)				328,748,346

Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds—0.85%
Liquid Assets Portfolio — Institutional Class^(e)(f) (Cost $2,804,343)		2,804,343		2,804,343

TOTAL INVESTMENTS—100.63% (Cost $276,386,844)				331,552,689

OTHER ASSETS LESS LIABILITIES—(0.63)%				(2,078,355	)

NET ASSETS—100.00%			$	329,474,334

See accompanying notes which are an integral part of this schedule.

Invesco International Core Equity Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

A.		Security Valuations — Securities, including restricted securities, are valued according to the following policy.

		A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

		Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

		Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and/or principal payments.

		Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trade is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economical upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

		Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including Corporate Loans.

		Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

		Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity.

Invesco International Core Equity Fund

A.		Security Valuations — (continued)

		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.

B.		Securities Transactions and Investment Income — Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

		The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

		Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

		The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

C.		Country Determination — For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

D.		Securities Lending — The Fund may lend portfolio securities having a market value up to one-third of the Fund’s total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily by the securities lending provider. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its sponsored agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds and is shown as such on the Schedule of Investments. It is the Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. The Fund could experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. Dividends received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, is included in Dividends from affiliates on the Statement of Operations. The aggregate value of securities out on loan is shown as a footnote on the Statement of Assets and Liabilities, if any.

E.		Foreign Currency Translations — Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses

Invesco International Core Equity Fund

E.		Foreign Currency Translations — (continued)

		arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

		The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

F.		Foreign Currency Contracts — The Fund may enter into foreign currency contracts to manage or minimize currency or exchange rate risk. The Fund may also enter into foreign currency contracts for the purchase or sale of a security denominated in a foreign currency in order to “lock in” the U.S. dollar price of that security. A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The use of foreign currency contracts does not eliminate fluctuations in the price of the underlying securities the Fund owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the contract date and reporting date exchange rates and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with foreign currency contracts include failure of the counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

NOTE 2 — Additional Valuation Information

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, 2011. 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.

Invesco International Core Equity Fund

NOTE 2 — Additional Valuation Information — (continued)

During the three months ended January 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Australia	$	—	$	21,206,194	$	—	$	21,206,194
Brazil		5,273,131		—		—		5,273,131
Canada		18,047,202		—		—		18,047,202
China		818,347		2,859,357		—		3,677,704
Denmark		4,535,059				—		4,535,059
Finland		3,436,824		—		—		3,436,824
France		22,363,243		—		—		22,363,243
Germany		13,874,551		—		—		13,874,551
Greece		2,438,951		—		—		2,438,951
Hong Kong		3,373,010		14,346,414		—		17,719,424
India		—		—		334,175		334,175
Indonesia				528,539		—		528,539
Ireland		756,323		—		—		756,323
Italy		5,340,282		—		—		5,340,282
Japan		—		82,872,693		—		82,872,693
Mexico		1,531,339		—		—		1,531,339
Netherlands		4,641,234		3,561,330		—		8,202,564
Norway		2,588,563		6,010,408		—		8,598,971
Poland		1,038,185		—		—		1,038,185
Russia		747,301		1,617,639		—		2,364,940
South Africa		3,441,324		—		—		3,441,324
South Korea		1,693,329		5,370,218		—		7,063,547
Spain		14,524,907		4,813,786		—		19,338,693
Switzerland		16,213,056		8,850,447		—		25,063,503
Taiwan		589,267		2,335,683		—		2,924,950
Thailand		1,205,885		—		—		1,205,885
Turkey		606,804		—		—		606,804
United Kingdom		36,773,590		4,171,138		—		40,944,728
United States		6,822,961		—		—		6,822,961

Total Investments	$	172,674,668	$	158,543,846	$	334,175	$	331,552,689

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2011 was $23,525,598 and $26,495,745, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.

Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	63,553,692
Aggregate unrealized (depreciation) of investment securities		(12,875,810	)

Net unrealized appreciation of investment securities	$	50,677,882

Cost of investments for tax purposes is $280,874,807.

Invesco International Core Equity Fund

Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—96.62%
Australia—5.08%
BHP Billiton Ltd.		117,247	$	5,211,414
Cochlear Ltd.		29,778		2,296,092
QBE Insurance Group Ltd.		101,306		1,772,374
WorleyParsons Ltd.		104,433		2,893,591

				12,173,471

Belgium—1.48%
Anheuser-Busch InBev N.V.		63,953		3,537,883
Brazil—1.25%
Banco Bradesco S.A. — ADR		157,593		2,981,660
Canada—1.70%
Suncor Energy, Inc.		62,786		2,599,728
Talisman Energy Inc.		64,081		1,468,109

				4,067,837

China—1.02%
Industrial & Commercial Bank of China Ltd. — Class H		3,301,000		2,448,409
Denmark—1.68%
Novo Nordisk A.S. — Class B		35,543		4,013,163
France—4.26%
AXA S.A.		81,218		1,718,707
BNP Paribas		38,472		2,875,262
Cie Generale des Etablissements Michelin — Class B		15,481		1,126,693
Danone S.A.		36,001		2,167,746
Total S.A.		39,492		2,309,030

				10,197,438

Germany—6.09%
Adidas AG		42,617		2,653,620
Bayer AG		29,206		2,153,171
Bayerische Motoren Werke AG		44,618		3,424,980
Fresenius Medical Care AG & Co. KGaA		30,237		1,768,734
Puma AG Rudolf Dassler Sport		6,594		2,061,508
SAP AG		43,471		2,512,221

				14,574,234

Hong Kong—1.50%
Hutchison Whampoa Ltd.		141,000		1,651,783
Li & Fung Ltd.		300,000		1,952,280

				3,604,063

India—1.28%
Infosys Technologies Ltd. — ADR		45,417		3,075,185
Indonesia—0.58%
PT Perusahaan Gas Negara		2,962,500		1,390,417
Ireland—2.70%
Accenture PLC — Class A		36,487		1,877,986
Cooper Industries PLC		32,520		1,992,175
Ingersoll-Rand PLC		55,038		2,597,794

				6,467,955

Israel—2.52%
Teva Pharmaceutical Industries Ltd. — ADR		110,462		6,036,748
Japan—6.73%
Canon Inc.		44,000		2,152,111
Fanuc Ltd.		13,200		2,078,728
Keyence Corp.		9,700		2,568,780
Komatsu Ltd.		71,700		2,129,601
Nidec Corp.		52,500		4,936,358
Toyota Motor Corp.		54,600		2,258,006

				16,123,584

Mexico—2.03%
America Movil, S.A.B. de C.V. — Series L — ADR		39,445		2,247,971
Grupo Televisa, S.A. de C.V. — ADR		108,772		2,617,054

				4,865,025

Netherlands—2.36%
Koninklijke Ahold N.V.		124,695		1,688,050
TNT N.V.		66,034		1,791,558
Unilever N.V.		73,498		2,173,551

				5,653,159

Philippines—0.97%
Philippine Long Distance Telephone Co.		41,810		2,321,048
Russia—1.08%
Gazprom OAO — ADR		97,790		2,597,535
Singapore—0.74%
United Overseas Bank Ltd.		114,000		1,768,589
South Korea—2.02%
Hyundai Mobis		13,242		3,052,757
NHN Corp. ^(a)		9,950		1,774,726

				4,827,483

Sweden—1.39%
Telefonaktiebolaget LM Ericsson — Class B		163,965		2,020,400
Volvo AB — Class B ^(a)		74,628		1,298,442

				3,318,842

Switzerland—6.85%
Julius Baer Group Ltd.		42,316		1,914,370
Nestle S.A.		66,891		3,616,208
Novartis AG		49,172		2,741,036
Roche Holding AG		35,307		5,369,147
Syngenta AG		8,552		2,754,065

				16,394,826

See accompanying notes which are an integral part of this schedule.

Invesco Global Growth Fund


	Shares		Value

Taiwan—2.00%
Hon Hai Precision Industry Co., Ltd.		525,280	$	2,248,903
Taiwan Semiconductor Manufacturing Co. Ltd.		970,428		2,537,930

				4,786,833

United Kingdom—14.30%
BG Group PLC		116,521		2,621,865
British American Tobacco PLC		44,510		1,642,863
Centrica PLC		464,385		2,378,840
Compass Group PLC		363,833		3,236,375
Imperial Tobacco Group PLC		143,728		4,105,905
Kingfisher PLC		543,911		2,194,831
Next PLC		72,529		2,296,101
Reckitt Benckiser Group PLC		26,257		1,427,439
Reed Elsevier PLC		240,727		2,131,766
Royal Dutch Shell PLC — Class B		70,167		2,439,301
Tesco PLC		425,385		2,743,068
Vodafone Group PLC		1,172,636		3,292,621
WPP PLC		301,373		3,727,997

				34,238,972

United States—25.01%
Amazon.com, Inc. ^(a)		16,366		2,776,328
Apple Inc. ^(a)		22,534		7,646,237
Cameron International Corp. ^(a)		50,274		2,679,604
Cardinal Health, Inc.		67,561		2,804,457
Carnival Corp. ^(b)		66,503		2,973,349
Chubb Corp. (The)		20,639		1,195,617
Cisco Systems, Inc. ^(a)		85,980		1,818,477
Comcast Corp. — Class A		113,655		2,585,651
Corning Inc.		55,861		1,240,673
Costco Wholesale Corp.		36,333		2,610,163
Delta Air Lines, Inc. ^(a)		175,897		2,052,718
Exxon Mobil Corp.		14,550		1,173,894
Gilead Sciences, Inc. ^(a)		49,936		1,916,544
Google, Inc. — Class A ^(a)		5,152		3,093,055
Johnson Controls, Inc.		36,876		1,415,670
JPMorgan Chase & Co.		33,399		1,500,951
Medco Health Solutions, Inc. ^(a)		28,095		1,714,357
Microsoft Corp.		116,289		3,224,113
Occidental Petroleum Corp.		38,828		3,753,891
PepsiCo, Inc.		33,991		2,185,961
UnitedHealth Group Inc.		122,059		5,010,522
Visa Inc. — Class A		48,678		3,400,158
Wal-Mart Stores, Inc.		20,101		1,127,063

				59,899,453

Total Common Stocks & Other Equity Interests (Cost $185,172,350)				231,363,812

Money Market Funds—3.59%
Liquid Assets Portfolio — Institutional Class ^(c)		4,293,094		4,293,094
Premier Portfolio — Institutional Class ^(c)		4,293,094		4,293,094

Total Money Market Funds (Cost $8,586,188)				8,586,188

TOTAL INVESTMENTS—100.21% (Cost $193,758,538)				239,950,000

OTHER ASSETS LESS LIABILITIES—(0.21)%				(497,257	)

NET ASSETS—100.00%			$	239,452,743


Investment Abbreviations:

ADR		— American Depositary Receipt

Notes to Schedule of Investments:

^(a)		Non-income producing security.

^(b)		Each unit represents one common share with paired trust share.

^(c)		The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Global Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

Security Valuations — Securities, including restricted securities, are valued according to the following policy.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. 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.

Invesco Global Growth Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Invesco Global Growth Fund

NOTE 2 — Additional Valuation Information

	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.

During the three months ended January 31, 2011, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Australia	$	—	$	12,173,471	$	—	$	12,173,471
Belgium		3,537,883		—		—		3,537,883
Brazil		2,981,660		—		—		2,981,660
Canada		4,067,837		—		—		4,067,837
China		—		2,448,409		—		2,448,409
Denmark		—		4,013,163		—		4,013,163
France		10,197,438		—		—		10,197,438
Germany		14,574,234		—		—		14,574,234
Hong Kong		—		3,604,063		—		3,604,063
India		3,075,185		—		—		3,075,185
Indonesia		—		1,390,417		—		1,390,417
Ireland		6,467,955		—		—		6,467,955
Israel		6,036,748		—		—		6,036,748
Japan		—		16,123,584		—		16,123,584
Mexico		4,865,025		—		—		4,865,025
Netherlands		3,861,601		1,791,558		—		5,653,159
Philippines		2,321,048		—		—		2,321,048
Russia		—		2,597,535		—		2,597,535
Singapore		—		1,768,589		—		1,768,589
South Korea		4,827,483		—		—		4,827,483
Sweden		2,020,400		1,298,442		—		3,318,842
Switzerland		13,653,790		2,741,036		—		16,394,826
Taiwan		—		4,786,833		—		4,786,833
United Kingdom		29,485,341		4,753,631		—		34,238,972
United States		68,485,641		—		—		68,485,641

Total Investments	$	180,459,269	$	59,490,731	$	—	$	239,950,000

Invesco Global Growth Fund

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2011 was $6,271,382 and $15,862,892, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.

Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	53,325,968
Aggregate unrealized (depreciation) of investment securities		(7,159,864	)

Net unrealized appreciation of investment securities	$	46,166,104


Cost of investments for tax purposes is $193,783,896.

NOTE 4 — Significant Event

The Board of Trustees unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which Invesco Global Growth Fund (the “Fund”) would acquire all of the assets and liabilities of the Invesco Global Advantage Fund (the “Target Fund”) in exchange for shares of the Fund. The Agreement requires approval of the Target Fund’s shareholders and will be submitted to the shareholders for their consideration at a meeting to be held in or around April 2011.

Invesco Global Growth Fund

Schedule of Investments
January 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—94.73%
Australia—6.62%
BHP Billiton Ltd.		1,623,921	$	72,180,304
Cochlear Ltd.		462,273		35,644,483
CSL Ltd.		1,007,236		37,420,980
QBE Insurance Group Ltd.		1,531,523		26,794,388
Woolworths Ltd.		921,476		24,560,522
WorleyParsons Ltd.		1,887,291		52,292,356

				248,893,033

Belgium—1.56%
Anheuser-Busch InBev N.V.		1,062,044		58,752,329
Brazil—2.47%
Banco Bradesco S.A. -ADR		3,181,071		60,185,863
Petroleo Brasileiro S.A. -ADR		989,160		32,889,570

				93,075,433

Canada—5.32%
Canadian National Railway Co.		263,060		17,835,957
Canadian Natural Resources Ltd.		789,473		35,204,204
Cenovus Energy Inc.		998,901		34,517,102
Encana Corp.		746,327		24,052,704
Fairfax Financial Holdings Ltd.		71,171		27,152,024
Suncor Energy, Inc.		921,053		38,137,279
Talisman Energy Inc.		1,007,062		23,072,009

				199,971,279

China—1.42%
Industrial & Commercial Bank of China Ltd. -Class H		72,058,000		53,446,672
Denmark—1.78%
Novo Nordisk A.S. -Class B		591,727		66,811,949
France—5.38%
AXA S.A.		1,187,531		25,130,113
BNP Paribas		632,347		47,259,389
Cie Generale des Etablissements Michelin -Class B		243,058		17,689,541
Danone S.A.		552,475		33,266,460
Eutelsat Communications		613,808		22,386,606
Publicis Groupe S.A.		399,062		20,533,014
Total S.A.		619,585		36,226,077

				202,491,200

Germany—6.48%
Adidas AG		727,367		45,290,751
Bayer AG		505,409		37,260,555
Bayerische Motoren Werke AG		710,379		54,530,329
Fresenius Medical Care AG & Co. KGaA		566,979		33,165,815
Puma AG Rudolf Dassler Sport		108,809		34,017,384
SAP AG		684,171		39,538,746

				243,803,580

Hong Kong—1.96%
Hutchison Whampoa Ltd.		4,011,000		46,987,966
Li & Fung Ltd.		4,106,000		26,720,199

				73,708,165

India—1.81%
Bharat Heavy Electricals Ltd.		363,894		17,647,347
Infosys Technologies Ltd.		743,465		50,493,429

				68,140,776

Israel—2.12%
Teva Pharmaceutical Industries Ltd. -ADR		1,461,762		79,885,293
Japan—9.53%
Canon Inc.		695,300		34,008,249
Denso Corp.		920,200		33,793,420
Fanuc Corp.		444,400		69,983,842
Keyence Corp.		132,900		35,194,933
Komatsu Ltd.		1,116,600		33,164,753
Nidec Corp.		818,200		76,931,958
Toyota Motor Corp.		839,600		34,722,006
Yamada Denki Co., Ltd.		598,600		40,550,663

				358,349,824

Mexico—3.46%
America Movil S.A.B. de C.V. -Series L -ADR		1,244,698		70,935,339
Fomento Economico Mexicano, S.A.B. de C.V. — ADR		429,795		22,809,220
Grupo Televisa S.A. —ADR^(a)		1,512,645		36,394,239

				130,138,798

Netherlands—3.86%
Koninklijke (Royal) KPN N.V.		2,361,101		37,255,903
Koninklijke Ahold N.V.		2,796,242		37,853,936
TNT N.V.		1,352,858		36,704,176
Unilever N.V.		1,126,566		33,315,851

				145,129,866

Philippines—1.03%
Philippine Long Distance Telephone Co.		697,300		38,710,040
Russia—1.55%
Gazprom OAO —ADR		1,593,143		42,317,660
VimpelCom Ltd. —ADR		1,163,688		16,105,442

				58,423,102

See accompanying notes which are an integral part of this schedule.

Invesco International Growth Fund


	Shares		Value

Singapore—3.00%
Keppel Corp. Ltd.		7,111,000	$	65,378,713
United Overseas Bank Ltd.		3,065,000		47,550,231

				112,928,944

South Korea—2.07%
Hyundai Mobis		219,267		50,548,934
NHN Corp. ^(a)		153,709		27,416,213

				77,965,147

Sweden—1.92%
Kinnevik Investment A.B. -Class B		892,207		19,886,187
Telefonaktiebolaget LM Ericsson -Class B		2,568,060		31,644,002
Volvo A.B. -Class B ^(a)		1,183,432		20,590,360

				72,120,549

Switzerland—7.20%
Julius Baer Group Ltd.		754,266		34,122,888
Nestle S.A.		1,161,027		62,766,524
Novartis AG		930,840		51,888,603
Roche Holding AG		519,545		79,007,373
Syngenta AG		134,238		43,229,668

				271,015,056

Taiwan—2.42%
Hon Hai Precision Industry Co., Ltd.		8,195,640		35,088,325
Taiwan Semiconductor Manufacturing Co. Ltd.		21,464,887		56,136,458

				91,224,783

Turkey—0.71%
Akbank T.A.S.		5,654,448		26,611,402
United Kingdom—21.06%
BG Group PLC		2,380,103		53,555,231
British American Tobacco PLC		1,230,969		45,435,023
Centrica PLC		9,776,850		50,082,488
Compass Group PLC		7,522,254		66,912,115
Imperial Tobacco Group PLC		2,225,788		63,584,513
Informa PLC		5,154,069		35,563,085
International Power PLC		9,166,220		62,058,026
Kingfisher PLC		8,569,484		34,580,233
Next PLC		1,078,854		34,154,037
Reckitt Benckiser Group PLC		640,573		34,824,197
Reed Elsevier PLC		4,373,074		38,725,907
Royal Dutch Shell PLC -Class B		1,161,353		40,373,535
Shire PLC		2,860,165		75,486,392
Smith & Nephew PLC		1,553,618		17,411,387
Tesco PLC		7,606,201		49,048,094
Vodafone Group PLC		19,800,537		55,597,523
WPP PLC		2,838,669		35,114,456

				792,506,242

Total Common Stocks & Other Equity Interests (Cost $2,545,203,532)				3,564,103,462

Money Market Funds—5.42%
Money Market Funds—5.42%
Liquid Assets Portfolio — Institutional Class ^(b)		102,029,452		102,029,452
Premier Portfolio — Institutional Class ^(b)		102,029,452		102,029,452

Total Money Market Funds (Cost $204,058,904)				204,058,904

TOTAL INVESTMENTS—100.15% (Cost $2,749,262,436)				3,768,162,366

OTHER ASSETS LESS LIABILITIES—(0.15)%				(5,829,603	)

NET ASSETS—100.00%			$	3,762,332,763


Investment Abbreviations:

ADR		— American Depositary Receipt

Notes to Schedule of Investments:

^(a)		Non-income producing security.

^(b)		The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco International Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2011
(Unaudited)

NOTE 1 — Significant Accounting Policies

Security Valuations — Securities, including restricted securities, are valued according to the following policy.

Invesco International Growth Fund

A.		Security Valuations — (continued)

		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.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Invesco International Growth Fund

E.		Foreign Currency Contracts — (continued)

		value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

NOTE 2 — Additional Valuation Information

	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.


	Level 1*		Level 2*		Level 3		Total

Australia	$	—	$	248,893,033	$	—	$	248,893,033
Belgium		58,752,329		—		—		58,752,329
Brazil		93,075,433		—		—		93,075,433
Canada		199,971,279		—		—		199,971,279
China		—		53,446,672		—		53,446,672
Denmark		—		66,811,949		—		66,811,949
France		202,491,200		—		—		202,491,200
Germany		243,803,580		—		—		243,803,580
Hong Kong		—		73,708,165		—		73,708,165
India		—		—		68,140,776		68,140,776
Israel		79,885,293		—		—		79,885,293
Japan		—		358,349,824		—		358,349,824
Mexico		130,138,798		—		—		130,138,798
Netherlands		71,169,787		73,960,079		—		145,129,866
Philippines		38,710,040		—		—		38,710,040
Russia		16,105,442		42,317,660		—		58,423,102
Singapore		—		112,928,944		—		112,928,944
South Korea		77,965,147		—		—		77,965,147
Sweden		31,644,002		40,476,547		—		72,120,549
Switzerland		219,126,453		51,888,603		—		271,015,056
Taiwan		—		91,224,783		—		91,224,783
Turkey		—		26,611,402		—		26,611,402
United Kingdom		607,327,325		185,178,917		—		792,506,242
United States		204,058,904		—		—		204,058,904

Total Investments	$	2,274,225,012	$	1,425,796,578	$	68,140,776	$	3,768,162,366


*		Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments.

Invesco International Growth Fund

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2011 was $100,030,310 and $137,913,108, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.

Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	1,047,286,310
Aggregate unrealized (depreciation) of investment securities		(28,642,132	)

Net unrealized appreciation of investment securities	$	1,018,644,178


Cost of investments for tax purposes is $2,749,518,188.

NOTE 4 — Significant Event

The Board of Trustees unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which Invesco International Growth Fund (the “Fund”) would acquire all of the assets and liabilities of Invesco Van Kampen International Advantage Fund and Invesco Van Kampen International Growth Fund (the “Target Funds”) in exchange for shares of the Fund. The Agreement requires approval of the Target Funds’ shareholders and will be submitted to the shareholders for their consideration at a meeting to be held in or around April 2011.

Invesco International Growth Fund

Item 2. Controls and Procedures.

	(a)		As of March 21, 2011, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of March 21, 2011, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.

	(b)		There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.


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By:		/s/ Philip A. Taylor Philip A. Taylor
		Principal Executive Officer

Date:		April 1, 2011


By:		/s/ Philip A. Taylor Philip A. Taylor
		Principal Executive Officer

Date:		April 1, 2011

By:		/s/ Sheri Morris Sheri Morris
		Principal Financial Officer

Date:		April 1, 2011


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis


Aggregate unrealized appreciation of investment securities	$	256,701,465
Aggregate unrealized (depreciation) of investment securities		(41,070,037	)

Net unrealized appreciation of investment securities	$	215,631,428


Cost of investments for tax purposes is $695,410,589.

ADR		—American Depositary Receipt

GDR		—Global Depositary Receipt

NVDR		—Non-Voting Depositary Receipt

Pfd.		—Preferred

^(a)		Each unit represents 55 common shares and 50 preferred shares

^(b)		Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. 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, 2011 represented 0.26% of the Fund’s Net Assets.

^(c)		All or a portion of this security was out on loan at January 31, 2011.

^(d)		Non-income producing security.

^(e)		The money market fund and the Fund are affiliated by having the same investment adviser.

^(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. See Note 1D.