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invesco.com/us | APG-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests87.56% |
||||||||
Australia11.79% |
||||||||
BHP Billiton Ltd. |
303,762 | $ | 13,896,720 | |||||
Brambles Ltd. |
950,377 | 7,225,409 | ||||||
Coca-Cola Amatil Ltd. |
466,285 | 5,789,073 | ||||||
Cochlear Ltd. |
81,002 | 6,307,210 | ||||||
Computershare Ltd. |
540,782 | 4,870,923 | ||||||
CSL Ltd. |
388,063 | 13,085,136 | ||||||
QBE Insurance Group Ltd. |
525,021 | 9,446,913 | ||||||
Toll Holdings Ltd. |
494,339 | 2,456,608 | ||||||
WorleyParsons Ltd. |
342,058 | 10,338,784 | ||||||
73,416,776 | ||||||||
China16.99% |
||||||||
Anta Sports Products Ltd. |
2,750,000 | 4,140,721 | ||||||
China Merchants Bank Co., Ltd. -Class H |
3,954,500 | 9,362,626 | ||||||
China Yurun Food Group Ltd. |
1,051,000 | 3,303,887 | ||||||
CNOOC Ltd. -ADR |
69,542 | 15,459,882 | ||||||
Franshion Properties China Ltd. |
15,336,000 | 4,222,648 | ||||||
Industrial & Commercial Bank of China
Ltd. -Class H |
28,518,000 | 21,771,035 | ||||||
Lee & Man Paper Manufacturing Ltd. |
12,585,000 | 6,344,611 | ||||||
Minth Group Ltd. |
5,356,000 | 8,604,016 | ||||||
NetEase.com Inc. -ADR(a) |
182,413 | 9,215,505 | ||||||
Stella International Holdings Ltd. |
5,052,500 | 13,808,364 | ||||||
Vinda International Holdings Ltd. |
4,927,000 | 6,024,409 | ||||||
Want Want China Holdings Ltd. |
3,912,000 | 3,488,510 | ||||||
105,746,214 | ||||||||
Hong Kong5.40% |
||||||||
Cheung Kong (Holdings) Ltd. |
619,000 | 9,435,078 | ||||||
Dickson Concepts (International) Ltd. |
4,471,000 | 3,384,644 | ||||||
Hongkong Land Holdings Ltd. |
562,000 | 3,776,640 | ||||||
Hutchison Whampoa Ltd. |
994,000 | 11,562,300 | ||||||
Li & Fung Ltd. |
1,364,400 | 2,276,588 | ||||||
Paliburg Holdings Ltd. |
8,477,240 | 3,197,850 | ||||||
33,633,100 | ||||||||
India1.12% |
||||||||
Infosys Technologies Ltd. |
111,358 | 6,982,773 | ||||||
Indonesia8.61% |
||||||||
PT Bank Central Asia Tbk |
6,614,000 | 6,434,837 | ||||||
PT Indocement Tunggal Prakarsa Tbk |
2,556,000 | 4,635,018 | ||||||
PT Perusahaan Gas Negara |
35,200,500 | 16,423,491 | ||||||
PT Summarecon Agung Tbk |
103,924,500 | 15,642,446 | ||||||
PT Telekomunikasi Indonesia Tbk |
12,087,500 | 10,427,450 | ||||||
53,563,242 | ||||||||
Malaysia6.43% |
||||||||
Kossan Rubber Industries Berhad (b) |
13,962,600 | 14,581,122 | ||||||
Parkson Holdings Berhad |
6,240,177 | 12,234,404 | ||||||
Public Bank Berhad |
2,924,900 | 13,211,614 | ||||||
40,027,140 | ||||||||
Philippines11.78% |
||||||||
Ayala Corp. |
1,142,700 | 8,840,481 | ||||||
Energy Development Corp. |
58,629,450 | 9,437,608 | ||||||
First Gen Corp. (a) |
34,352,089 | 12,195,815 | ||||||
GMA Holdings, Inc. -PDR (b) |
48,713,000 | 7,965,081 | ||||||
Manila Water Co. |
8,242,000 | 3,864,966 | ||||||
Philippine Long Distance Telephone Co. |
207,945 | 11,756,487 | ||||||
SM Investments Corp. |
1,495,395 | 19,270,006 | ||||||
73,330,444 | ||||||||
Singapore3.54% |
||||||||
Keppel Corp. Ltd. |
1,344,200 | 12,324,754 | ||||||
United Overseas Bank Ltd. |
570,000 | 9,680,674 | ||||||
22,005,428 | ||||||||
South Korea8.94% |
||||||||
CJ CheilJedang Corp. |
11,974 | 3,476,092 | ||||||
Hyundai Department Store Co., Ltd. |
61,229 | 10,688,224 | ||||||
Hyundai Mobis |
25,525 | 9,201,950 | ||||||
Lotte Confectionery Co., Ltd. |
3,673 | 6,275,744 | ||||||
MegaStudy Co., Ltd. |
36,292 | 5,185,211 | ||||||
NHN Corp. (a) |
83,279 | 16,591,488 | ||||||
S1 Corp. |
79,082 | 4,216,426 | ||||||
55,635,135 | ||||||||
Taiwan4.64% |
||||||||
Hon Hai Precision Industry Co., Ltd. |
1,614,976 | 4,605,902 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
6,371,464 | 15,897,197 | ||||||
Wistron Corp. |
4,998,244 | 8,400,556 | ||||||
28,903,655 | ||||||||
Thailand8.32% |
||||||||
BEC World PCL |
3,309,200 | 4,542,693 | ||||||
CP ALL PCL |
3,526,100 | 5,841,234 | ||||||
Kasikornbank PCL |
3,112,500 | 14,765,973 | ||||||
Major Cineplex Group PCL |
15,571,400 | 8,554,713 | ||||||
Siam Commercial Bank PCL |
2,957,600 | 12,395,888 | ||||||
Thai Stanley Electric PCL -Class F |
960,700 | 5,679,651 | ||||||
51,780,152 | ||||||||
Total Common Stocks & Other Equity Interests (Cost $362,662,121) |
545,024,059 | |||||||
Shares | Value | |||||||
Money Market Funds12.32% |
||||||||
Liquid Assets Portfolio Institutional Class
(c) |
38,354,531 | $ | 38,354,531 | |||||
Premier Portfolio Institutional Class
(c) |
38,354,532 | 38,354,532 | ||||||
Total Money Market Funds (Cost $76,709,063) |
76,709,063 | |||||||
TOTAL INVESTMENTS99.88% (Cost $439,371,184) |
621,733,122 | |||||||
OTHER ASSETS LESS LIABILITIES0.12% |
753,800 | |||||||
NET ASSETS100.00% |
$ | 622,486,922 | ||||||
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 July 31, 2011 was $22,546,203, which represented 3.62% of the Funds Net Assets. See Note 3. | |
(c) | The money market fund and the Fund are affiliated by having the same investment adviser. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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. |
E. | 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. |
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 Funds 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 |
$ | 35,520,203 | $ | 37,896,573 | $ | | $ | 73,416,776 | ||||||||
China |
53,880,164 | 51,866,050 | | 105,746,214 | ||||||||||||
Hong Kong |
10,359,134 | 23,273,966 | | 33,633,100 | ||||||||||||
India |
| 6,982,773 | | 6,982,773 | ||||||||||||
Indonesia |
15,642,446 | 37,920,796 | | 53,563,242 | ||||||||||||
Malaysia |
26,815,526 | 13,211,614 | | 40,027,140 | ||||||||||||
Philippines |
52,136,349 | 21,194,095 | | 73,330,444 | ||||||||||||
Singapore |
9,680,674 | 12,324,754 | | 22,005,428 | ||||||||||||
South Korea |
55,635,135 | | | 55,635,135 | ||||||||||||
Taiwan |
28,903,655 | | | 28,903,655 | ||||||||||||
Thailand |
18,075,539 | 33,704,613 | | 51,780,152 | ||||||||||||
United States |
76,709,063 | | | 76,709,063 | ||||||||||||
$ | 383,357,888 | $ | 238,375,234 | $ | | $ | 621,733,122 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Change in | ||||||||||||||||||||||||||||
Unrealized | Realized | |||||||||||||||||||||||||||
Value | Purchases | Proceeds | Appreciation | Gain | Value | Dividend | ||||||||||||||||||||||
10/31/10 | at Cost | from Sales | (Depreciation) | (Loss) | 7/31/11 | Income | ||||||||||||||||||||||
GMA Holdings, Inc.-PDR |
$ | 8,314,922 | $ | | $ | | $ | (349,841 | ) | $ | | $ | 7,965,081 | $ | 354,379 | |||||||||||||
Kossan Ruber
Industries Berhad |
11,153,408 | 2,985,675 | | 442,039 | | 14,581,122 | 368,406 | |||||||||||||||||||||
Total |
$ | 19,468,330 | $ | 2,985,675 | $ | | $ | 92,198 | | $ | 22,546,203 | $ | 722,785 | |||||||||||||||
Aggregate unrealized appreciation of investment securities |
$ | 194,783,429 | ||
Aggregate unrealized (depreciation) of investment securities |
(13,060,115 | ) | ||
Net unrealized appreciation of investment securities |
$ | 181,723,314 | ||
Cost of investments for tax purposes is $440,009,808. |
invesco.com/us | EGR-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests93.11% |
||||||||
Austria0.82% |
||||||||
Andritz AG |
78,641 | $ | 7,605,781 | |||||
Belgium2.39% |
||||||||
Anheuser-Busch InBev N.V. |
267,742 | 15,432,470 | ||||||
Dleteren N.V. |
99,763 | 6,770,643 | ||||||
22,203,113 | ||||||||
Denmark1.75% |
||||||||
Novo Nordisk A/S -Class B |
133,024 | 16,292,842 | ||||||
France8.11% |
||||||||
BNP Paribas S.A. |
172,385 | 11,145,481 | ||||||
Cap Gemini S.A. |
196,425 | 9,639,218 | ||||||
Cie Generale des Etablissements Michelin -Class
B |
79,796 | 6,683,491 | ||||||
Danone S.A. |
189,991 | 13,519,350 | ||||||
Faurecia |
235,408 | 9,058,423 | ||||||
Lafarge S.A. |
114,305 | 6,100,464 | ||||||
Publicis Groupe S.A. |
95,881 | 4,866,822 | ||||||
SA des Ciments Vicat (Vicat) |
81,142 | 5,993,773 | ||||||
Schneider Electric S.A. |
14,285 | 2,058,685 | ||||||
Total S.A. |
117,423 | 6,329,527 | ||||||
75,395,234 | ||||||||
Germany7.74% |
||||||||
Bayer AG |
97,568 | 7,841,678 | ||||||
Bayerische Motoren Werke AG |
110,749 | 11,111,596 | ||||||
Deutsche Boerse A.G. (a) |
119,315 | 8,860,828 | ||||||
Fresenius Medical Care AG & Co. KGaA |
141,770 | 10,874,486 | ||||||
SAP AG |
191,146 | 11,988,269 | ||||||
Volkswagen AG |
34,285 | 6,851,273 | ||||||
Wirecard AG |
835,563 | 14,396,441 | ||||||
71,924,571 | ||||||||
Greece0.89% |
||||||||
Intralot S.A. |
1,758,666 | 3,209,548 | ||||||
Jumbo S.A. |
716,646 | 5,056,417 | ||||||
8,265,965 | ||||||||
Ireland3.38% |
||||||||
DCC PLC |
407,912 | 11,031,711 | ||||||
Paddy Power PLC |
417,196 | 20,342,340 | ||||||
31,374,051 | ||||||||
Italy0.33% |
||||||||
Ansaldo STS S.p.A. |
319,249 | 3,079,225 | ||||||
Netherlands3.69% |
||||||||
Aalberts Industries N.V. |
798,426 | 15,518,660 | ||||||
Koninklijke Ahold N.V. |
770,622 | 10,252,488 | ||||||
Unilever N.V. |
261,556 | 8,513,138 | ||||||
34,284,286 | ||||||||
Norway3.88% |
||||||||
Prosafe S.E. |
2,304,988 | 17,103,323 | ||||||
TGS Nopec Geophysical Co. A.S.A. |
649,772 | 18,916,813 | ||||||
36,020,136 | ||||||||
Russia1.80% |
||||||||
Gazprom OAO -ADR |
793,714 | 11,231,981 | ||||||
VimpelCom Ltd. -ADR |
444,629 | 5,513,400 | ||||||
16,745,381 | ||||||||
Spain0.52% |
||||||||
Prosegur, Compania de Seguridad S.A. |
105,356 | 4,849,232 | ||||||
Sweden5.74% |
||||||||
Intrum Justitia A.B. |
810,101 | 12,555,792 | ||||||
Kinnevik Investment A.B., Class B |
403,826 | 9,291,416 | ||||||
Swedbank A.B. -Class A |
576,007 | 10,080,086 | ||||||
Telefonaktiebolaget LM Ericsson -Class B |
872,425 | 10,914,073 | ||||||
Volvo A.B. -Class B |
654,954 | 10,532,618 | ||||||
53,373,985 | ||||||||
Switzerland12.35% |
||||||||
ABB Ltd. (a) |
380,150 | 9,080,825 | ||||||
Aryzta AG |
449,957 | 24,212,324 | ||||||
Dufry Group (a) |
132,312 | 15,627,864 | ||||||
Julius Baer Group Ltd. (a) |
240,699 | 10,134,507 | ||||||
Nestle S.A. |
282,999 | 17,985,611 | ||||||
Novartis AG |
261,625 | 16,023,016 | ||||||
Roche Holding AG |
79,238 | 14,189,668 | ||||||
Syngenta AG (a) |
23,638 | 7,531,511 | ||||||
114,785,326 | ||||||||
Turkey2.95% |
||||||||
Haci Omer Sabanci Holding A.S. |
3,826,299 | 15,013,756 | ||||||
Tupras-Turkiye Petrol Rafinerileri A.S. |
510,985 | 12,433,535 | ||||||
27,447,291 | ||||||||
United Kingdom36.77% |
||||||||
Amlin PLC |
2,260,983 | 14,901,638 | ||||||
Balfour Beatty PLC |
2,383,493 | 11,807,045 | ||||||
BG Group PLC |
525,644 | 12,366,017 | ||||||
British American Tobacco PLC |
321,997 | 14,842,554 | ||||||
Bunzl PLC |
855,948 | 10,795,563 | ||||||
Centrica PLC |
2,436,700 | 12,203,786 | ||||||
Chemring Group PLC |
1,447,825 | 12,989,734 | ||||||
Compass Group PLC |
1,988,617 | 18,652,879 | ||||||
Homeserve PLC |
2,650,051 | 20,920,755 | ||||||
IG Group Holdings PLC |
2,002,117 | 14,484,239 | ||||||
Imperial Tobacco Group PLC |
540,324 | 18,709,102 | ||||||
Informa PLC |
2,591,598 | 17,075,228 |
Shares | Value | |||||||
United Kingdom(continued) |
||||||||
International Power PLC |
1,817,950 | $ | 9,083,012 | |||||
Kingfisher PLC |
2,103,441 | 8,678,002 | ||||||
Lancashire Holdings Ltd. |
1,111,732 | 12,701,477 | ||||||
Micro Focus International PLC |
1,255,397 | 5,922,193 | ||||||
Mitie Group PLC |
3,345,206 | 13,163,904 | ||||||
Next PLC |
268,357 | 10,418,724 | ||||||
Reed Elsevier PLC |
1,328,027 | 12,020,936 | ||||||
Royal Dutch Shell PLC -Class B |
360,177 | 13,155,313 | ||||||
Shire PLC |
408,251 | 14,140,629 | ||||||
Smiths Group PLC |
380,461 | 7,053,066 | ||||||
Tesco PLC |
1,792,407 | 11,239,092 | ||||||
Ultra Electronics Holdings PLC |
504,333 | 12,953,068 | ||||||
United Business Media Ltd. |
671,954 | 5,920,931 | ||||||
Vodafone Group PLC |
3,625,749 | 10,218,836 | ||||||
William Hill PLC |
1,439,895 | 5,427,765 | ||||||
WPP PLC |
871,306 | 9,837,409 | ||||||
341,682,897 | ||||||||
Total Common Stocks & Other Equity Interests (Cost $655,039,576) |
865,329,316 | |||||||
Money Market Funds6.86% |
||||||||
Liquid Assets Portfolio Institutional
Class (b) |
31,849,804 | 31,849,804 | ||||||
Premier Portfolio Institutional Class
(b) |
31,849,804 | 31,849,804 | ||||||
Total Money Market Funds (Cost $63,699,608) |
63,699,608 | |||||||
TOTAL INVESTMENTS99.97% (Cost $718,739,184) |
929,028,924 | |||||||
OTHER ASSETS LESS LIABILITIES0.03% |
296,422 | |||||||
NET ASSETS100.00% |
$ | 929,325,346 | ||||||
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. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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. |
E. | 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. |
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 Funds 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 |
$ | | $ | 7,605,781 | $ | | $ | 7,605,781 | ||||||||
Belgium |
| 22,203,113 | | 22,203,113 | ||||||||||||
Denmark |
16,292,842 | | | 16,292,842 | ||||||||||||
France |
2,058,685 | 73,336,549 | | 75,395,234 | ||||||||||||
Germany |
54,198,812 | 17,725,759 | | 71,924,571 | ||||||||||||
Greece |
8,265,965 | | | 8,265,965 | ||||||||||||
Ireland |
11,031,711 | 20,342,340 | | 31,374,051 | ||||||||||||
Italy |
| 3,079,225 | | 3,079,225 | ||||||||||||
Netherlands |
8,513,138 | 25,771,148 | | 34,284,286 | ||||||||||||
Norway |
| 36,020,136 | | 36,020,136 | ||||||||||||
Russia |
5,513,400 | 11,231,981 | | 16,745,381 | ||||||||||||
Spain |
4,849,232 | | | 4,849,232 | ||||||||||||
Sweden |
| 53,373,985 | | 53,373,985 | ||||||||||||
Switzerland |
15,627,864 | 99,157,462 | | 114,785,326 | ||||||||||||
Turkey |
12,433,535 | 15,013,756 | | 27,447,291 | ||||||||||||
United Kingdom |
13,163,904 | 328,518,993 | | 341,682,897 | ||||||||||||
United States |
63,699,608 | | | 63,699,608 | ||||||||||||
$ | 215,648,696 | $ | 713,380,228 | $ | | $ | 929,028,924 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Aggregate unrealized appreciation of investment securities |
$ | 249,205,315 | ||||||
Aggregate unrealized (depreciation) of investment securities |
(39,112,147 | ) | ||||||
Net unrealized appreciation of investment securities |
$ | 210,093,168 | ||||||
Cost of investments for tax purposes is $718,935,756. |
invesco.com/us | GLG-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests96.14% |
||||||||
Australia5.50% |
||||||||
BHP Billiton Ltd. |
102,103 | $ | 4,671,080 | |||||
Brambles Ltd. |
201,330 | 1,530,647 | ||||||
Cochlear Ltd. |
23,258 | 1,810,981 | ||||||
QBE Insurance Group Ltd. |
103,146 | 1,855,947 | ||||||
WorleyParsons Ltd. |
95,249 | 2,878,924 | ||||||
12,747,579 | ||||||||
Belgium1.45% |
||||||||
Anheuser-Busch InBev N.V. |
58,328 | 3,361,987 | ||||||
Brazil1.19% |
||||||||
Banco Bradesco S.A. -ADR |
143,735 | 2,764,024 | ||||||
Canada1.14% |
||||||||
Suncor Energy, Inc. |
68,732 | 2,634,739 | ||||||
China1.15% |
||||||||
Industrial & Commercial Bank of China Ltd. -Class H |
3,498,000 | 2,670,421 | ||||||
Denmark1.54% |
||||||||
Novo Nordisk A/S -Class B |
29,231 | 3,580,227 | ||||||
France5.33% |
||||||||
BNP Paribas S.A. |
35,086 | 2,268,471 | ||||||
Cap Gemini S.A. |
46,341 | 2,274,105 | ||||||
Cie Generale des Etablissements Michelin -Class B |
18,654 | 1,562,407 | ||||||
Danone S.A. |
41,051 | 2,921,100 | ||||||
Lafarge S.A. |
24,883 | 1,328,007 | ||||||
Schneider Electric S.A. |
3,574 | 515,068 | ||||||
Total S.A. |
27,388 | 1,476,313 | ||||||
12,345,471 | ||||||||
Germany5.44% |
||||||||
Adidas AG |
45,528 | 3,383,264 | ||||||
Bayer AG |
20,691 | 1,662,965 | ||||||
Bayerische Motoren Werke AG |
25,683 | 2,576,810 | ||||||
Fresenius Medical Care AG & Co. KGaA |
27,576 | 2,115,220 | ||||||
SAP AG |
45,545 | 2,856,485 | ||||||
12,594,744 | ||||||||
Hong Kong1.04% |
||||||||
Hutchison Whampoa Ltd. |
129,000 | 1,500,540 | ||||||
Li & Fung Ltd. |
542,000 | 904,361 | ||||||
2,404,901 | ||||||||
India0.95% |
||||||||
Infosys Technologies Ltd. -ADR |
35,396 | 2,202,339 | ||||||
Indonesia0.70% |
||||||||
PT Perusahaan Gas Negara |
3,470,000 | 1,618,997 | ||||||
Ireland3.99% |
||||||||
Accenture PLC -Class A |
63,447 | 3,752,255 | ||||||
Cooper Industries PLC |
29,657 | 1,551,358 | ||||||
Ingersoll-Rand PLC |
22,703 | 849,546 | ||||||
WPP PLC |
274,875 | 3,103,454 | ||||||
9,256,613 | ||||||||
Israel1.84% |
||||||||
Teva Pharmaceutical Industries Ltd. -ADR |
91,552 | 4,269,985 | ||||||
Japan7.73% |
||||||||
Canon, Inc. |
79,100 | 3,846,935 | ||||||
Fanuc Corp. |
12,000 | 2,273,423 | ||||||
Keyence Corp. |
8,900 | 2,513,602 | ||||||
Komatsu Ltd. |
52,600 | 1,641,257 | ||||||
Nidec Corp. |
25,600 | 2,544,851 | ||||||
Toyota Motor Corp. |
49,700 | 2,034,235 | ||||||
Yamada Denki Co., Ltd. |
38,210 | 3,052,631 | ||||||
17,906,934 | ||||||||
Mexico1.62% |
||||||||
America Movil SAB de C.V. -Series L -ADR |
71,948 | 1,856,259 | ||||||
Grupo Televisa S.A. -ADR |
85,543 | 1,898,199 | ||||||
3,754,458 | ||||||||
Netherlands1.89% |
||||||||
Koninklijke Ahold N.V. |
113,731 | 1,513,097 | ||||||
Unilever N.V. |
87,783 | 2,857,165 | ||||||
4,370,262 | ||||||||
Russia1.10% |
||||||||
Gazprom OAO -ADR |
180,556 | 2,555,079 | ||||||
Singapore0.78% |
||||||||
United Overseas Bank Ltd. |
106,000 | 1,800,266 | ||||||
South Korea2.38% |
||||||||
Hyundai Mobis |
9,118 | 3,287,106 | ||||||
NHN Corp. (a) |
11,176 | 2,226,570 | ||||||
5,513,676 | ||||||||
Spain0.89% |
||||||||
Amadeus IT Holding S.A. Class A |
102,306 | 2,055,744 | ||||||
Sweden2.94% |
||||||||
Swedbank A.B. -Class A |
121,696 | 2,129,672 | ||||||
Telefonaktiebolaget LM Ericsson -Class B |
214,215 | 2,679,838 | ||||||
Volvo A.B. -Class B |
124,274 | 1,998,508 | ||||||
6,808,018 | ||||||||
Switzerland7.25% |
||||||||
ABB Ltd. |
88,803 | 2,121,280 | ||||||
Shares | Value | |||||||
Switzerland(continued) |
||||||||
Julius Baer Group Ltd. |
51,227 | $ | 2,156,886 | |||||
Nestle S.A. |
49,475 | 3,144,315 | ||||||
Novartis AG |
57,622 | 3,529,014 | ||||||
Roche Holding AG |
18,846 | 3,374,877 | ||||||
Syngenta AG |
7,797 | 2,484,271 | ||||||
16,810,643 | ||||||||
Taiwan1.61% |
||||||||
Hon Hai Precision Industry Co., Ltd. |
529,408 | 1,509,868 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. |
887,428 | 2,214,188 | ||||||
3,724,056 | ||||||||
United
Kingdom13.02% |
106,275 | 2,500,168 | ||||||
BG Group PLC |
106,275 | 2,500,168 | ||||||
British American Tobacco PLC |
40,594 | 1,871,193 | ||||||
Centrica PLC |
423,557 | 2,121,311 | ||||||
Compass Group PLC |
331,845 | 3,112,648 | ||||||
Imperial Tobacco Group PLC |
120,323 | 4,166,269 | ||||||
Kingfisher PLC |
496,092 | 2,046,688 | ||||||
Next PLC |
66,149 | 2,568,177 | ||||||
Reed Elsevier PLC |
269,147 | 2,436,245 | ||||||
Royal Dutch Shell PLC -Class B |
79,674 | 2,910,059 | ||||||
Smith & Nephew PLC |
178,257 | 1,870,188 | ||||||
Tesco PLC |
387,987 | 2,432,830 | ||||||
Vodafone Group PLC |
758,578 | 2,137,982 | ||||||
30,173,758 | ||||||||
United States23.67% |
||||||||
Amazon.com, Inc. (a) |
11,165 | 2,484,436 | ||||||
Apple Inc. (a) |
17,494 | 6,831,057 | ||||||
Broadcom Corp. -Class A (a) |
40,799 | 1,512,419 | ||||||
Cameron International Corp. (a) |
45,850 | 2,564,849 | ||||||
Cardinal Health, Inc. |
61,618 | 2,696,404 | ||||||
Carnival Corp. (b) |
28,190 | 938,727 | ||||||
Chubb Corp. (The) |
18,822 | 1,175,999 | ||||||
Comcast Corp. -Class A |
103,659 | 2,489,889 | ||||||
Corning, Inc. |
50,946 | 810,551 | ||||||
Costco Wholesale Corp. |
33,135 | 2,592,814 | ||||||
Delta Air Lines, Inc. (a) |
160,429 | 1,265,785 | ||||||
DIRECTV -Class A (a) |
48,468 | 2,456,358 | ||||||
Exxon Mobil Corp. |
13,268 | 1,058,654 | ||||||
Gilead Sciences, Inc. (a) |
45,542 | 1,929,159 | ||||||
Google, Inc. -Class A (a) |
4,697 | 2,835,532 | ||||||
Home Depot, Inc. (The) |
29,989 | 1,047,516 | ||||||
Johnson Controls, Inc. |
33,630 | 1,242,628 | ||||||
JPMorgan Chase & Co. |
30,460 | 1,232,107 | ||||||
Medco Health Solutions, Inc. (a) |
25,621 | 1,611,048 | ||||||
Microsoft Corp. |
106,062 | 2,906,099 | ||||||
Mosaic Co. (The) |
25,391 | 1,795,651 | ||||||
Occidental Petroleum Corp. |
35,411 | 3,476,652 | ||||||
PepsiCo, Inc. |
30,998 | 1,985,112 | ||||||
UnitedHealth Group, Inc. |
101,608 | 5,042,805 | ||||||
Visa, Inc. -Class A |
10,151 | 868,316 | ||||||
54,850,567 | ||||||||
Total Common Stocks & Other Equity Interests (Cost $180,031,855) |
222,775,488 | |||||||
Preferred Stock0.58% |
||||||||
Germany0.58% |
||||||||
Volkswagen AG -Pfd. (Cost $1,426,105) |
6,682 | 1,335,284 | ||||||
Money Market Funds3.77% |
||||||||
Liquid Assets Portfolio Institutional Class (c) |
4,362,330 | 4,362,330 | ||||||
Premier Portfolio Institutional Class (c) |
4,362,329 | 4,362,329 | ||||||
Total Money Market Funds (Cost $8,724,659) |
8,724,659 | |||||||
TOTAL INVESTMENTS100.49% (Cost $190,182,619) |
232,835,431 | |||||||
OTHER ASSETS LESS LIABILITIES(0.49)% |
(1,127,928 | ) | ||||||
NET ASSETS100.00% |
$ | 231,707,503 | ||||||
Investment Abbreviations: | ||
ADR | American Depositary Receipt | |
Pfd. | Preferred | |
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. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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. |
E. | 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. |
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 Funds 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 |
$ | 4,689,905 | $ | 8,057,674 | $ | | $ | 12,747,579 | ||||||||
Belgium |
| 3,361,987 | | 3,361,987 | ||||||||||||
Brazil |
2,764,024 | | | 2,764,024 | ||||||||||||
Canada |
2,634,739 | | | 2,634,739 | ||||||||||||
China |
| 2,670,421 | | 2,670,421 | ||||||||||||
Denmark |
3,580,227 | | | 3,580,227 | ||||||||||||
France |
515,068 | 11,830,403 | | 12,345,471 | ||||||||||||
Germany |
7,096,260 | 6,833,768 | | 13,930,028 | ||||||||||||
Hong Kong |
| 2,404,901 | | 2,404,901 | ||||||||||||
India |
2,202,339 | | | 2,202,339 | ||||||||||||
Indonesia |
| 1,618,997 | | 1,618,997 | ||||||||||||
Ireland |
6,153,159 | 3,103,454 | | 9,256,613 | ||||||||||||
Israel |
4,269,985 | | | 4,269,985 | ||||||||||||
Japan |
3,052,631 | 14,854,303 | | 17,906,934 | ||||||||||||
Mexico |
3,754,458 | | | 3,754,458 | ||||||||||||
Netherlands |
2,857,165 | 1,513,097 | | 4,370,262 | ||||||||||||
Russia |
| 2,555,079 | | 2,555,079 | ||||||||||||
Singapore |
1,800,266 | | | 1,800,266 | ||||||||||||
South Korea |
5,513,676 | | | 5,513,676 | ||||||||||||
Spain |
| 2,055,744 | | 2,055,744 | ||||||||||||
Sweden |
| 6,808,018 | | 6,808,018 | ||||||||||||
Switzerland |
| 16,810,643 | | 16,810,643 | ||||||||||||
Taiwan |
3,724,056 | | | 3,724,056 | ||||||||||||
United Kingdom |
| 30,173,758 | | 30,173,758 | ||||||||||||
United States |
63,575,226 | | | 63,575,226 | ||||||||||||
$ | 118,183,184 | $ | 114,652,247 | $ | | $ | 232,835,431 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Aggregate unrealized appreciation of investment securities |
$ | 49,436,942 | ||
Aggregate unrealized (depreciation) of investment securities |
(6,809,488 | ) | ||
Net unrealized appreciation of investment securities |
$ | 42,627,454 | ||
Cost of investments for tax purposes is $190,207,977. |
invesco.com/us
|
GSMG-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests93.76% |
||||||||
Australia0.47% |
||||||||
Computershare Ltd. |
357,800 | $ | 3,222,771 | |||||
Brazil3.51% |
||||||||
Cielo S.A. |
610,613 | 17,019,858 | ||||||
Duratex S.A. |
924,840 | 6,850,004 | ||||||
23,869,862 | ||||||||
Canada8.72% |
||||||||
Astral Media, Inc. -Class A |
158,400 | 6,053,788 | ||||||
Fairfax Financial Holdings Ltd. |
20,671 | 8,135,974 | ||||||
MacDonald, Dettwiler and Associates Ltd. |
105,312 | 5,839,398 | ||||||
Onex Corp. |
302,723 | 11,350,924 | ||||||
Open Text Corp. (a) |
92,641 | 6,253,970 | ||||||
Paramount Resources Ltd. -Class A (a) |
233,932 | 8,203,415 | ||||||
Precision Drilling Corp. (a) |
777,655 | 13,431,705 | ||||||
59,269,174 | ||||||||
China3.45% |
||||||||
Anta Sports Products Ltd. |
3,080,000 | 4,637,607 | ||||||
China Yurun Food Group Ltd. |
1,191,000 | 3,743,986 | ||||||
Lee & Man Paper Manufacturing Ltd. |
9,293,000 | 4,684,980 | ||||||
NetEase.com, Inc. -ADR(a) |
205,608 | 10,387,316 | ||||||
23,453,889 | ||||||||
France0.76% |
||||||||
Faurecia |
133,450 | 5,135,113 | ||||||
Germany1.05% |
||||||||
Deutsche Boerse A.G. (a) |
96,354 | 7,155,649 | ||||||
Greece0.41% |
||||||||
Intralot S.A. |
1,542,644 | 2,815,310 | ||||||
Hong Kong0.49% |
||||||||
Hongkong Land Holdings Ltd. |
497,000 | 3,339,840 | ||||||
Indonesia1.78% |
||||||||
PT Perusahaan Gas Negara |
25,969,500 | 12,116,585 | ||||||
Ireland3.47% |
||||||||
Cooper Industries PLC |
68,439 | 3,580,044 | ||||||
DCC PLC |
366,961 | 9,924,218 | ||||||
Shire PLC |
291,609 | 10,100,489 | ||||||
23,604,751 | ||||||||
Israel0.78% |
||||||||
Check Point Software Technologies Ltd. (a) |
91,907 | 5,298,439 | ||||||
Japan4.20% |
||||||||
EXEDY Corp. |
549,200 | 20,882,157 | ||||||
THK Co., Ltd. |
298,500 | 7,704,960 | ||||||
28,587,117 | ||||||||
Mexico1.00% |
||||||||
America Movil SAB de C.V. -Series L -ADR |
264,384 | 6,821,107 | ||||||
Netherlands0.45% |
||||||||
LyondellBasell Industries N.V. -Class A |
76,658 | 3,024,925 | ||||||
Philippines5.07% |
||||||||
Ayala Corp. |
3,265,289 | 25,261,857 | ||||||
Energy Development Corp. |
57,070,100 | 9,186,599 | ||||||
34,448,456 | ||||||||
Russia0.68% |
||||||||
VimpelCom Ltd. -ADR |
370,246 | 4,591,050 | ||||||
Singapore0.54% |
||||||||
Avago Technologies Ltd. |
108,696 | 3,655,446 | ||||||
South Africa2.17% |
||||||||
AngloGold Ashanti Ltd. -ADR |
87,789 | 3,681,871 | ||||||
Naspers Ltd. -Class N |
208,079 | 11,087,245 | ||||||
14,769,116 | ||||||||
South Korea1.63% |
||||||||
NHN Corp. (a) |
55,497 | 11,056,543 | ||||||
Spain0.56% |
||||||||
Prosegur, Compania de Seguridad S.A. |
82,257 | 3,786,052 | ||||||
Sweden1.00% |
||||||||
Kinnevik Investment A.B. -Class B |
294,904 | 6,785,288 | ||||||
Switzerland2.40% |
||||||||
Aryzta AG |
217,713 | 11,715,204 | ||||||
Foster Wheeler AG (a) |
169,674 | 4,598,165 | ||||||
16,313,369 | ||||||||
Thailand1.90% |
||||||||
Siam Commercial Bank PCL |
3,089,900 | 12,950,384 | ||||||
Turkey2.54% |
||||||||
Haci Omer Sabanci Holding A.S. |
1,770,697 | 6,947,918 | ||||||
Tupras-Turkiye Petrol Rafinerileri A.S. |
424,952 | 10,340,138 | ||||||
17,288,056 | ||||||||
United Kingdom15.62% |
||||||||
African Barrick Gold Ltd. |
676,174 | 5,834,596 | ||||||
Bunzl PLC |
443,869 | 5,598,256 | ||||||
Chemring Group PLC |
955,565 | 8,573,229 | ||||||
Compass Group PLC |
611,853 | 5,739,074 | ||||||
Homeserve PLC |
2,048,957 | 16,175,435 |
Shares | Value | |||||||
United Kingdom(continued) |
||||||||
IG Group Holdings PLC |
1,623,859 | $ | 11,747,746 | |||||
Informa PLC |
1,662,227 | 10,951,893 | ||||||
International Power PLC |
1,478,861 | 7,388,824 | ||||||
Lancashire Holdings Ltd. |
637,330 | 7,281,460 | ||||||
Micro Focus International PLC |
906,497 | 4,276,297 | ||||||
Playtech Ltd. |
554,800 | 3,415,557 | ||||||
Smiths Group PLC |
274,765 | 5,093,651 | ||||||
Ultra Electronics Holdings PLC |
266,074 | 6,833,728 | ||||||
United Business Media Ltd. |
338,848 | 2,985,763 | ||||||
William Hill PLC |
1,137,590 | 4,288,209 | ||||||
106,183,718 | ||||||||
United States29.11% |
||||||||
Abercrombie & Fitch Co. -Class A |
88,144 | 6,445,089 | ||||||
Aetna, Inc. |
96,908 | 4,020,713 | ||||||
Affiliated Managers Group, Inc. (a) |
50,666 | 5,285,984 | ||||||
AGCO Corp. (a) |
85,823 | 4,069,727 | ||||||
Albemarle Corp. |
65,805 | 4,381,297 | ||||||
Allscripts Healthcare Solutions, Inc. (a) |
209,890 | 3,809,503 | ||||||
Altera Corp. |
78,155 | 3,194,976 | ||||||
Amphenol Corp. -Class A |
88,276 | 4,315,814 | ||||||
BE Aerospace, Inc. (a) |
113,894 | 4,532,981 | ||||||
BorgWarner, Inc. (a) |
65,450 | 5,211,129 | ||||||
CareFusion Corp. (a) |
127,015 | 3,351,926 | ||||||
Cavium, Inc. (a) |
39,536 | 1,363,597 | ||||||
Cinemark Holdings, Inc. |
192,126 | 3,744,536 | ||||||
Citrix Systems, Inc. (a) |
72,888 | 5,250,851 | ||||||
Coach, Inc. |
104,148 | 6,723,795 | ||||||
Cognizant Technology Solutions Corp. -Class A (a) |
57,032 | 3,984,826 | ||||||
Complete Production Services, Inc. (a) |
94,089 | 3,658,180 | ||||||
DaVita, Inc. (a) |
56,785 | 4,743,819 | ||||||
Dicks Sporting Goods, Inc. (a) |
118,515 | 4,385,055 | ||||||
F5 Networks, Inc. (a) |
44,516 | 4,161,356 | ||||||
Gardner Denver, Inc. |
56,829 | 4,846,945 | ||||||
Gentex Corp. |
163,612 | 4,636,764 | ||||||
Hertz Global Holdings, Inc. (a) |
244,977 | 3,446,826 | ||||||
Hospira, Inc. (a) |
110,292 | 5,638,127 | ||||||
Intrepid Potash, Inc. (a) |
89,885 | 2,988,676 | ||||||
Jones Lang LaSalle, Inc. |
46,156 | 3,928,799 | ||||||
Moodys Corp. |
160,501 | 5,715,441 | ||||||
Navistar International Corp. (a) |
101,500 | 5,207,965 | ||||||
NetApp, Inc. (a) |
111,310 | 5,289,451 | ||||||
NII Holdings, Inc. (a) |
132,843 | 5,625,901 | ||||||
Nordstrom, Inc. |
104,899 | 5,261,734 | ||||||
Oil States International, Inc. (a) |
51,767 | 4,177,597 | ||||||
Pioneer Natural Resources Co. |
66,006 | 6,137,898 | ||||||
Plains Exploration & Production Co. (a) |
116,037 | 4,526,603 | ||||||
Quest Diagnostics, Inc. |
60,881 | 3,288,183 | ||||||
Robert Half International, Inc. |
127,966 | 3,503,709 | ||||||
Salesforce.com, Inc. (a) |
20,705 | 2,996,221 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. |
134,977 | 7,418,336 | ||||||
Teradata Corp. (a) |
92,905 | 5,106,059 | ||||||
Terex Corp. (a) |
146,606 | 3,256,119 | ||||||
TIBCO Software, Inc. (a) |
24,100 | 627,564 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. (a) |
77,557 | 4,888,418 | ||||||
United Therapeutics Corp. (a) |
56,795 | 3,258,897 | ||||||
Universal Health Services, Inc. -Class B |
97,428 | 4,836,326 | ||||||
Whiting Petroleum Corp. (a) |
80,244 | 4,702,298 | ||||||
197,946,011 | ||||||||
Total Common Stocks & Other Equity Interests (Cost $495,979,403) |
637,488,021 | |||||||
Preferred Stock0.97% |
||||||||
Brazil0.97% |
||||||||
Companhia de Transmissao de Energia Eletrica Paulista -Pfd. (Cost $5,406,331) |
218,100 | 6,590,942 | ||||||
Money Market Funds5.54% |
||||||||
Liquid Assets Portfolio Institutional Class (b) |
18,831,209 | 18,831,209 | ||||||
Premier Portfolio Institutional Class (b) |
18,831,209 | 18,831,209 | ||||||
Total Money Market Funds (Cost $37,662,418) |
37,662,418 | |||||||
TOTAL INVESTMENTS100.27%
(Cost $539,048,152) |
681,741,381 | |||||||
OTHER ASSETS LESS LIABILITIES(0.27)% |
(1,818,306 | ) | ||||||
NET ASSETS100.00% |
$ | 679,923,075 | ||||||
Investment Abbreviations: | ||
ADR American Depositary Receipt | ||
Pfd. Preferred | ||
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. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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. |
E. | 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. |
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 Funds 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 |
$ | | $ | 3,222,771 | $ | | $ | 3,222,771 | ||||||||
Brazil |
30,460,804 | | | 30,460,804 | ||||||||||||
Canada |
59,269,174 | | | 59,269,174 | ||||||||||||
China |
14,131,302 | 9,322,587 | | 23,453,889 | ||||||||||||
France |
| 5,135,113 | | 5,135,113 | ||||||||||||
Germany |
7,155,649 | | | 7,155,649 | ||||||||||||
Greece |
2,815,310 | | | 2,815,310 | ||||||||||||
Hong Kong |
3,339,840 | | | 3,339,840 | ||||||||||||
Indonesia |
| 12,116,585 | | 12,116,585 | ||||||||||||
Ireland |
13,504,262 | 10,100,489 | | 23,604,751 | ||||||||||||
Israel |
5,298,439 | | | 5,298,439 | ||||||||||||
Japan |
20,882,157 | 7,704,960 | | 28,587,117 | ||||||||||||
Mexico |
6,821,107 | | | 6,821,107 | ||||||||||||
Netherlands |
3,024,925 | | | 3,024,925 | ||||||||||||
Philippines |
25,261,857 | 9,186,599 | | 34,448,456 | ||||||||||||
Russia |
4,591,050 | | | 4,591,050 | ||||||||||||
Singapore |
3,655,446 | | | 3,655,446 | ||||||||||||
South Africa |
3,681,871 | 11,087,245 | | 14,769,116 | ||||||||||||
South Korea |
11,056,543 | | | 11,056,543 | ||||||||||||
Spain |
3,786,052 | | | 3,786,052 | ||||||||||||
Sweden |
| 6,785,288 | | 6,785,288 | ||||||||||||
Switzerland |
4,598,165 | 11,715,204 | | 16,313,369 | ||||||||||||
Thailand |
12,950,384 | | | 12,950,384 | ||||||||||||
Turkey |
10,340,138 | 6,947,918 | | 17,288,056 | ||||||||||||
United Kingdom |
3,415,557 | 102,768,161 | | 106,183,718 | ||||||||||||
United States |
235,608,429 | | | 235,608,429 | ||||||||||||
$ | 485,648,461 | $ | 196,092,920 | $ | | $ | 681,741,381 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis | ||||
Aggregate unrealized appreciation of investment securities |
$ | 171,986,093 | ||
Aggregate unrealized (depreciation) of investment securities |
(30,762,431 | ) | ||
Net unrealized appreciation of investment securities |
$ | 141,223,662 | ||
Cost of investments for tax purposes is $540,517,719. |
invesco.com/us
|
I-ICE-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests93.15% |
||||||||
Australia6.48% |
||||||||
Australia & New Zealand Banking Group Ltd. |
197,668 | $ | 4,516,029 | |||||
BHP Billiton Ltd. |
198,535 | 9,082,720 | ||||||
Macquarie Group Ltd. |
96,927 | 2,931,433 | ||||||
Telstra Corp. Ltd. |
1,442,627 | 4,739,193 | ||||||
21,269,375 | ||||||||
Brazil1.33% |
||||||||
Banco Santander Brasil S.A. (a)(b) |
26,100 | 245,134 | ||||||
Banco Santander Brasil S.A. (a) |
46,800 | 439,551 | ||||||
Companhia Energetica de Minas Gerais -ADR |
38,572 | 744,440 | ||||||
PDG Realty S.A. Empreendimentos e Participacoes |
170,400 | 896,322 | ||||||
Petroleo Brasileiro S.A. -ADR |
33,309 | 1,131,507 | ||||||
Vale S.A. -ADR |
28,250 | 916,430 | ||||||
4,373,384 | ||||||||
Canada5.34% |
||||||||
Encana Corp. |
98,838 | 2,900,062 | ||||||
Intact Financial Corp. |
63,011 | 3,657,448 | ||||||
Metro Inc. -Class A (c) |
69,337 | 3,438,180 | ||||||
Nexen Inc. |
164,810 | 3,845,509 | ||||||
Toronto-Dominion Bank (The) |
45,949 | 3,679,095 | ||||||
17,520,294 | ||||||||
China1.18% |
||||||||
China Construction Bank Corp. -Class H |
588,000 | 472,601 | ||||||
China Dongxiang Group Co. |
1,538,000 | 351,263 | ||||||
China Minsheng Banking Corp., Ltd. -Class H |
1,140,000 | 1,003,457 | ||||||
CNOOC Ltd. |
310,800 | 692,396 | ||||||
KWG Property Holding Ltd. |
597,500 | 416,711 | ||||||
Renhe Commercial Holdings Co., Ltd. |
4,776,000 | 943,716 | ||||||
3,880,144 | ||||||||
Denmark1.31% |
||||||||
Danske Bank A.S. (d) |
221,478 | 4,293,285 | ||||||
Finland0.57% |
||||||||
Nokia Corp. |
321,078 | 1,858,122 | ||||||
France7.32% |
||||||||
BNP Paribas S.A. |
77,580 | 5,015,903 | ||||||
Bouygues S.A. |
137,067 | 5,165,458 | ||||||
Sanofi |
105,076 | 8,157,431 | ||||||
Total S.A. -ADR(c) |
105,041 | 5,679,567 | ||||||
24,018,359 | ||||||||
Germany3.16% |
||||||||
Deutsche Lufthansa AG, REGS (b) |
254,475 | 5,137,812 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG, REGS (b) |
14,347 | 2,124,545 | ||||||
Salzgitter AG |
42,732 | 3,124,331 | ||||||
10,386,688 | ||||||||
Hong Kong3.34% |
||||||||
Cheung Kong (Holdings) Ltd. |
255,000 | 3,886,825 | ||||||
China Mobile Ltd. |
107,500 | 1,071,066 | ||||||
Esprit Holdings Ltd. |
697,028 | 2,030,170 | ||||||
Henderson Land Development Co. Ltd. |
630,000 | 3,984,804 | ||||||
10,972,865 | ||||||||
India0.53% |
||||||||
Canara Bank Ltd. |
54,918 | 570,394 | ||||||
Grasim Industries Ltd. |
8,854 | 440,014 | ||||||
Oil and Natural Gas Corp. Ltd. |
117,215 | 714,222 | ||||||
1,724,630 | ||||||||
Indonesia0.16% |
||||||||
PT Telekomunikasi Indonesia Tbk |
620,000 | 534,852 | ||||||
Ireland0.21% |
||||||||
Dragon Oil PLC |
79,813 | 690,215 | ||||||
Italy2.33% |
||||||||
Eni S.p.A ADR(c) |
113,399 | 4,907,909 | ||||||
Finmeccanica S.p.A. |
358,132 | 2,745,416 | ||||||
7,653,325 | ||||||||
Japan23.78% |
||||||||
Asahi Group Holdings, Ltd. |
229,600 | 4,861,687 | ||||||
East Japan Railway Co. |
46,200 | 2,904,755 | ||||||
FUJIFILM Holdings Corp. |
235,800 | 7,137,757 | ||||||
Mitsubishi Corp. |
226,100 | 6,069,254 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
1,256,900 | 6,390,064 | ||||||
Nippon Telegraph & Telephone Corp. |
75,700 | 3,736,815 | ||||||
Nippon Yusen Kabushiki Kaisha |
1,294,000 | 4,752,458 | ||||||
Nissan Motor Co., Ltd. |
653,000 | 6,987,859 | ||||||
Nitto Denko Corp. |
65,900 | 3,178,421 | ||||||
NTT DoCoMo, Inc. |
1,949 | 3,582,534 | ||||||
Seven & I Holdings Co., Ltd. |
140,500 | 4,002,032 | ||||||
Shin-Etsu Chemical Co., Ltd. |
56,000 | 3,025,682 | ||||||
Sumitomo Chemical Co., Ltd. |
1,263,000 | 6,423,025 | ||||||
Toyo Suisan Kaisha, Ltd. |
151,000 | 3,738,711 | ||||||
Toyota Motor Corp. |
105,000 | 4,297,680 | ||||||
Yamada Denki Co., Ltd. |
87,560 | 6,995,246 | ||||||
78,083,980 | ||||||||
Shares | Value | |||||||
Mexico0.41% |
||||||||
America Movil S.A.B. de C.V. Series L |
576,400 | $ | 743,628 | |||||
Desarrolladora Homex S.A.B. de C.V. ADR(c)(d) |
23,204 | 609,105 | ||||||
1,352,733 | ||||||||
Netherlands1.53% |
||||||||
Unilever N.V. (c) |
154,111 | 5,016,012 | ||||||
Norway2.65% |
||||||||
Statoil A.S.A. |
106,685 | 2,611,472 | ||||||
Yara International A.S.A. |
107,157 | 6,095,414 | ||||||
8,706,886 | ||||||||
Poland0.26% |
||||||||
KGHM Polska Miedz S.A. |
12,270 | 840,178 | ||||||
Russia0.62% |
||||||||
Gazprom ADR |
43,788 | 619,651 | ||||||
Magnitogorsk Iron & Steel Works, REGS-GDR (b) |
59,797 | 663,747 | ||||||
Rosneft Oil Co., REGS GDR (b) |
90,407 | 763,522 | ||||||
2,046,920 | ||||||||
South Africa0.95% |
||||||||
Sasol Ltd. |
14,807 | 740,470 | ||||||
Standard Bank Group Ltd. |
52,820 | 767,008 | ||||||
Steinhoff International Holdings Ltd. (d) |
255,250 | 888,988 | ||||||
Tiger Brands Ltd. |
23,971 | 727,982 | ||||||
3,124,448 | ||||||||
South Korea2.28% |
||||||||
Dongbu Insurance Co., Ltd. |
13,700 | 679,756 | ||||||
Hyundai Mipo Dockyard Co., Ltd. |
5,515 | 872,343 | ||||||
Hyundai Mobis |
4,186 | 1,509,084 | ||||||
KT&G Corp. |
9,484 | 590,236 | ||||||
LG Electronics Inc. |
4,239 | 322,814 | ||||||
POSCO |
2,161 | 950,984 | ||||||
Samsung Electronics Co., Ltd. |
1,518 | 1,213,513 | ||||||
Shinhan Financial Group Co., Ltd. |
15,327 | 734,309 | ||||||
SK Telecom Co., Ltd. |
2,799 | 389,400 | ||||||
SK Telecom Co., Ltd. ADR (c) |
14,627 | 232,862 | ||||||
7,495,301 | ||||||||
Spain5.45% |
||||||||
Banco Santander S.A. |
461,225 | 4,813,294 | ||||||
Iberdrola S.A. |
620,312 | 5,030,303 | ||||||
Repsol YPF, S.A. |
120,248 | 3,778,849 | ||||||
Telefonica S.A. |
192,119 | 4,286,471 | ||||||
17,908,917 | ||||||||
Switzerland7.46% |
||||||||
Actelion Ltd., REGS (b) (d) |
68,091 | 3,456,749 | ||||||
Holcim Ltd., REGS (b) (d) |
63,202 | 4,285,588 | ||||||
Swisscom AG, REGS (b) |
20,287 | 9,722,282 | ||||||
Zurich Financial Services AG (d) |
29,702 | 7,042,219 | ||||||
24,506,838 | ||||||||
Taiwan0.68% |
||||||||
AU Optronics Corp. ADR |
59,724 | 329,079 | ||||||
Coretronic Corp |
325,000 | 382,923 | ||||||
HTC Corp. |
23,955 | 712,241 | ||||||
Powertech Technology Inc. |
286,000 | 821,617 | ||||||
2,245,860 | ||||||||
Thailand0.36% |
||||||||
Bangkok Bank Public Co. Ltd. NVDR |
143,700 | 836,504 | ||||||
PTT PCL |
30,500 | 353,974 | ||||||
1,190,478 | ||||||||
Turkey0.15% |
||||||||
Asya Katilim Bankasi A.S. (d) |
337,555 | 478,238 | ||||||
United Kingdom13.31% |
||||||||
AstraZeneca PLC |
79,113 | 3,844,573 | ||||||
Barclays PLC |
1,205,305 | 4,392,401 | ||||||
GlaxoSmithKline PLC |
268,651 | 5,995,680 | ||||||
Imperial Tobacco Group PLC |
273,562 | 9,472,278 | ||||||
International Power PLC |
819,280 | 4,093,363 | ||||||
National Grid PLC |
473,189 | 4,642,497 | ||||||
Royal Dutch Shell PLC ADR(c) |
112,452 | 8,271,969 | ||||||
Vodafone Group PLC |
1,066,885 | 3,006,916 | ||||||
43,719,677 | ||||||||
Total Common Stocks & Other
Equity Interests (Cost $272,272,641) |
305,892,004 | |||||||
Preferred Stocks2.69% |
||||||||
Brazil0.11% |
||||||||
Usinas Siderurgicas de Minas Gerais S.A. Series A Pfd., 4.69% |
49,300 | 354,345 | ||||||
Germany2.58% |
||||||||
Porsche Automobil Holding SE Pfd., 1.41% |
110,195 | 8,466,145 | ||||||
Total Preferred Stocks (Cost $6,727,548) |
8,820,490 | |||||||
Money Market Funds3.80% |
||||||||
Liquid Assets Portfolio Institutional Class (e) |
6,240,666 | 6,240,666 | ||||||
Premier Portfolio Institutional Class (e) |
6,240,665 | 6,240,665 | ||||||
Total Money Market Funds (Cost $12,481,331) |
12,481,331 | |||||||
TOTAL INVESTMENTS (excluding investments purchased
with cash collateral from securities
on loan)99.64% (Cost $291,481,520) |
327,193,825 | |||||||
Investments Purchased with Cash Collateral from Securities on Loan |
||||||||
Money Market Funds5.93% |
||||||||
Liquid Assets Portfolio Institutional Class
(Cost $19,489,660) (e)(f) |
19,489,660 | 19,489,660 | ||||||
TOTAL INVESTMENTS105.57%
(Cost $310,971,180) |
346,683,485 | |||||||
OTHER ASSETS LESS LIABILITIES(5.57)% |
(18,294,971 | ) | ||||||
NET ASSETS100.00% |
$ | 328,388,514 | ||||||
Investment Abbreviations: | ||
ADR American Depositary Receipt | ||
GDR Global Depositary Receipt | ||
NVDR Non-Voting Depositary Receipt | ||
Pfd. Preferred | ||
REGS Regulation S | ||
Notes to Schedule of Investments: | ||
(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 aggregate value of these securities at July 31, 2011 was $26,399,379, which represented 8.04% of the Trusts Net Assets. | |
(c) | All or a portion of this security was out on loan at July 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 borrowers return of the securities loaned. See Note 1D. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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 Funds 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 arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on |
E. | Foreign Currency Translations (continued) |
securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Funds 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. |
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. |
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 Funds 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 |
$ | 4,739,193 | $ | 16,530,182 | $ | | $ | 21,269,375 | ||||||||
Brazil |
4,727,729 | | | 4,727,729 | ||||||||||||
Canada |
17,520,294 | | | 17,520,294 | ||||||||||||
China |
1,294,979 | 2,585,165 | | 3,880,144 | ||||||||||||
Denmark |
4,293,285 | | | 4,293,285 | ||||||||||||
Finland |
| 1,858,122 | | 1,858,122 | ||||||||||||
France |
5,679,567 | 18,338,792 | | 24,018,359 | ||||||||||||
Germany |
10,386,688 | 8,466,145 | | 18,852,833 | ||||||||||||
Hong Kong |
2,030,170 | 8,942,695 | | 10,972,865 | ||||||||||||
India |
1,724,630 | | | 1,724,630 | ||||||||||||
Indonesia |
| 534,852 | | 534,852 | ||||||||||||
Italy |
4,907,909 | 2,745,416 | | 7,653,325 | ||||||||||||
Japan |
20,958,061 | 57,125,919 | | 78,083,980 | ||||||||||||
Mexico |
1,352,733 | | | 1,352,733 | ||||||||||||
Netherlands |
5,016,012 | | | 5,016,012 | ||||||||||||
Norway |
| 8,706,886 | | 8,706,886 | ||||||||||||
Poland |
| 840,178 | | 840,178 | ||||||||||||
Russia |
663,747 | 1,383,173 | | 2,046,920 | ||||||||||||
South Africa |
| 3,124,448 | | 3,124,448 | ||||||||||||
South Korea |
3,746,247 | 3,749,054 | | 7,495,301 | ||||||||||||
Spain |
| 17,908,917 | | 17,908,917 | ||||||||||||
Switzerland |
| 24,506,838 | | 24,506,838 | ||||||||||||
Taiwan |
2,245,860 | | | 2,245,860 | ||||||||||||
Thailand |
| 1,190,478 | | 1,190,478 | ||||||||||||
Turkey |
| 478,238 | | 478,238 | ||||||||||||
United Kingdom |
8,271,969 | 35,447,708 | | 43,719,677 | ||||||||||||
United States |
31,970,991 | | | 31,970,991 | ||||||||||||
Vietnam |
| 690,215 | | 690,215 | ||||||||||||
$ | 131,530,064 | $ | 215,153,421 | $ | | $ | 346,683,485 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis | ||||
Aggregate unrealized appreciation of investment securities |
$ | 51,864,389 | ||
Aggregate unrealized (depreciation) of investment securities |
(20,640,046 | ) | ||
Net unrealized appreciation of investment securities |
$ | 31,224,343 | ||
Cost of investments for tax purposes is $315,459,142. |
invesco.com/us
|
IGR-QTR-1 07/11 | Invesco Advisers, Inc. |
Shares | Value | |||||||
Common Stocks & Other Equity Interests91.52% |
||||||||
Australia6.50% |
||||||||
BHP Billiton Ltd. |
2,025,891 | $ | 92,681,900 | |||||
Brambles Ltd. |
5,002,276 | 38,030,687 | ||||||
Cochlear Ltd. |
471,705 | 36,729,248 | ||||||
CSL Ltd. |
1,256,558 | 42,370,009 | ||||||
QBE Insurance Group Ltd. |
2,265,057 | 40,756,076 | ||||||
WorleyParsons Ltd. |
2,354,454 | 71,163,930 | ||||||
321,731,850 | ||||||||
Belgium1.54% |
||||||||
Anheuser-Busch InBev N.V. |
1,324,932 | 76,368,192 | ||||||
Brazil2.24% |
||||||||
Banco Bradesco S.A. -ADR |
3,855,791 | 74,146,861 | ||||||
Petroleo Brasileiro S.A. -ADR |
1,198,964 | 36,844,164 | ||||||
110,991,025 | ||||||||
Canada5.58% |
||||||||
Agrium Inc. |
371,655 | 32,528,080 | ||||||
Canadian National Railway Co. |
502,877 | 37,711,827 | ||||||
Canadian Natural Resources Ltd. |
984,892 | 39,775,079 | ||||||
Cenovus Energy Inc. |
1,246,160 | 47,913,176 | ||||||
Encana Corp. |
113,998 | 3,344,880 | ||||||
Fairfax Financial Holdings Ltd. |
97,818 | 38,500,542 | ||||||
Suncor Energy, Inc. |
1,994,062 | 76,439,391 | ||||||
276,212,975 | ||||||||
China1.49% |
||||||||
Industrial & Commercial Bank of China Ltd. -Class H |
96,812,000 | 73,907,616 | ||||||
Denmark1.65% |
||||||||
Novo Nordisk A.S. -Class B |
665,020 | 81,451,963 | ||||||
France6.69% |
||||||||
BNP Paribas S.A. |
850,840 | 55,010,711 | ||||||
Cap Gemini S.A. |
993,863 | 48,772,113 | ||||||
Cie Generale des Etablissements Michelin -Class B |
406,961 | 34,085,919 | ||||||
Danone S.A. |
880,404 | 62,647,649 | ||||||
Eutelsat Communications S.A. |
765,744 | 33,020,785 | ||||||
Lafarge S.A. |
554,161 | 29,575,599 | ||||||
Publicis Groupe S.A. |
497,842 | 25,269,955 | ||||||
Schneider Electric S.A. |
76,046 | 10,959,382 | ||||||
Total S.A. |
584,453 | 31,504,145 | ||||||
330,846,258 | ||||||||
Germany6.47% |
||||||||
Adidas AG |
980,607 | 72,870,586 | ||||||
Bayer AG |
505,286 | 40,610,548 | ||||||
Bayerische Motoren Werke AG |
560,295 | 56,215,148 | ||||||
Fresenius Medical Care AG & Co. KGaA |
707,323 | 54,255,299 | ||||||
SAP AG |
968,800 | 60,761,068 | ||||||
Volkswagen AG |
176,762 | 35,322,875 | ||||||
320,035,524 | ||||||||
Hong Kong1.52% |
||||||||
Hutchison Whampoa Ltd. |
5,003,000 | 58,195,355 | ||||||
Li & Fung Ltd. |
10,244,000 | 17,092,766 | ||||||
75,288,121 | ||||||||
India0.95% |
||||||||
Infosys Ltd. |
747,773 | 46,889,571 | ||||||
Israel1.60% |
||||||||
Teva Pharmaceutical Industries Ltd. -ADR |
1,694,263 | 79,020,426 | ||||||
Japan9.97% |
||||||||
Canon Inc. |
1,774,400 | 86,295,845 | ||||||
Denso Corp. |
1,805,300 | 64,372,102 | ||||||
Fanuc Corp. |
311,200 | 58,957,438 | ||||||
Keyence Corp. |
175,800 | 49,650,693 | ||||||
Komatsu Ltd. |
1,134,545 | 35,400,760 | ||||||
Nidec Corp. |
553,502 | 55,022,666 | ||||||
Toyota Motor Corp. |
1,406,300 | 57,560,259 | ||||||
Yamada Denki Co., Ltd. |
1,073,437 | 85,757,828 | ||||||
493,017,591 | ||||||||
Mexico2.95% |
||||||||
America Movil SAB de C.V., Series L -ADR |
2,442,982 | 63,028,936 | ||||||
Fomento Economico Mexicano, S.A.B. de C.V. ADR |
677,541 | 49,033,642 | ||||||
Grupo Televisa S.A. -ADR |
1,524,271 | 33,823,573 | ||||||
145,886,151 | ||||||||
Netherlands2.12% |
||||||||
Koninklijke (Royal) KPN N.V. |
542,054 | 7,747,254 | ||||||
Koninklijke Ahold N.V. |
3,488,398 | 46,410,250 | ||||||
Unilever N.V. |
1,550,783 | 50,474,962 | ||||||
104,632,466 | ||||||||
Russia1.46% |
||||||||
Gazprom -ADR |
3,862,109 | 54,653,358 | ||||||
VimpelCom Ltd. -ADR |
1,410,510 | 17,490,324 | ||||||
72,143,682 | ||||||||
Singapore2.81% |
||||||||
Keppel Corp. Ltd. |
8,096,548 | 74,235,949 | ||||||
United Overseas Bank Ltd. |
3,824,000 | 64,945,436 | ||||||
139,181,385 | ||||||||
South Korea2.59% |
||||||||
Hyundai Mobis |
192,961 | 69,563,862 | ||||||
Shares | Value | |||||||
South Korea(continued) |
||||||||
NHN Corp. (a) |
293,842 | $ | 58,541,482 | |||||
128,105,344 | ||||||||
Sweden3.82% |
||||||||
Kinnevik Investment A.B. -Class B |
1,113,056 | 25,609,709 | ||||||
Swedbank A.B. -Class A |
3,023,098 | 52,904,023 | ||||||
Telefonaktiebolaget LM Ericsson -Class B |
4,571,718 | 57,192,381 | ||||||
Volvo A.B. -Class B |
3,313,507 | 53,286,037 | ||||||
188,992,150 | ||||||||
Switzerland8.03% |
||||||||
ABB Ltd. (a) |
1,917,809 | 45,811,623 | ||||||
Julius Baer Group Ltd. (a) |
1,207,100 | 50,824,320 | ||||||
Nestle S.A. |
1,448,417 | 92,052,144 | ||||||
Novartis AG |
1,348,747 | 82,602,944 | ||||||
Roche Holding AG |
405,459 | 72,608,198 | ||||||
Syngenta AG (a) |
167,466 | 53,357,813 | ||||||
397,257,042 | ||||||||
Taiwan1.85% |
||||||||
Hon Hai Precision Industry Co., Ltd. |
11,129,404 | 31,740,997 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
23,903,887 | 59,641,677 | ||||||
91,382,674 | ||||||||
Turkey0.60% |
||||||||
Akbank T.A.S. |
6,853,777 | 29,911,830 | ||||||
United Kingdom19.09% |
||||||||
BG Group PLC |
2,969,252 | 69,853,018 | ||||||
British American Tobacco PLC |
1,535,671 | 70,787,241 | ||||||
Centrica PLC |
12,196,925 | 61,086,167 | ||||||
Compass Group PLC |
9,961,969 | 93,441,525 | ||||||
Imperial Tobacco Group PLC |
2,556,862 | 88,533,161 | ||||||
Informa PLC |
6,429,861 | 42,364,342 | ||||||
International Power PLC |
9,199,659 | 45,964,197 | ||||||
Kingfisher PLC |
10,690,699 | 44,105,781 | ||||||
Next PLC |
1,345,904 | 52,253,539 | ||||||
Reed Elsevier PLC |
6,501,665 | 58,851,288 | ||||||
Royal Dutch Shell PLC -Class B |
1,795,003 | 65,561,726 | ||||||
Shire PLC |
1,614,603 | 55,925,161 | ||||||
Smith & Nephew PLC |
4,293,391 | 45,044,228 | ||||||
Tesco PLC |
9,488,973 | 59,499,565 | ||||||
Vodafone Group PLC |
18,173,896 | 51,221,435 | ||||||
WPP PLC |
3,541,328 | 39,983,074 | ||||||
944,475,448 | ||||||||
Total Common Stocks & Other Equity Interests (Cost $3,364,073,378) |
4,527,729,284 | |||||||
Money Market Funds8.39% |
||||||||
Liquid Assets Portfolio Institutional Class (b) |
207,626,507 | 207,626,507 | ||||||
Premier Portfolio Institutional Class (b) |
207,626,508 | 207,626,508 | ||||||
Total Money Market Funds (Cost $415,253,015) |
415,253,015 | |||||||
TOTAL INVESTMENTS99.91% (Cost $3,779,326,393) |
4,942,982,299 | |||||||
OTHER ASSETS LESS LIABILITIES0.09% |
4,324,306 | |||||||
NET ASSETS100.00% |
$ | 4,947,306,605 | ||||||
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. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
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. |
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 issuers 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 Funds 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. |
E. | 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 |
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. |
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 Funds 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 |
$ | 150,263,187 | $ | 171,468,663 | $ | | $ | 321,731,850 | ||||||||
Belgium |
| 76,368,192 | | 76,368,192 | ||||||||||||
Brazil |
110,991,025 | | | 110,991,025 | ||||||||||||
Canada |
276,212,975 | | | 276,212,975 | ||||||||||||
China |
| 73,907,616 | | 73,907,616 | ||||||||||||
Denmark |
81,451,963 | | | 81,451,963 | ||||||||||||
France |
10,959,382 | 319,886,876 | | 330,846,258 | ||||||||||||
Germany |
157,586,764 | 162,448,760 | | 320,035,524 | ||||||||||||
Hong Kong |
| 75,288,121 | | 75,288,121 | ||||||||||||
India |
| 46,889,571 | | 46,889,571 | ||||||||||||
Israel |
79,020,426 | | | 79,020,426 | ||||||||||||
Japan |
85,757,828 | 407,259,763 | | 493,017,591 | ||||||||||||
Mexico |
145,886,151 | | | 145,886,151 | ||||||||||||
Netherlands |
58,222,216 | 46,410,250 | | 104,632,466 | ||||||||||||
Russia |
17,490,324 | 54,653,358 | | 72,143,682 | ||||||||||||
Singapore |
64,945,436 | 74,235,949 | | 139,181,385 | ||||||||||||
South Korea |
128,105,344 | | | 128,105,344 | ||||||||||||
Sweden |
| 188,992,150 | | 188,992,150 | ||||||||||||
Switzerland |
| 397,257,042 | | 397,257,042 | ||||||||||||
Taiwan |
91,382,674 | | 91,382,674 | |||||||||||||
Turkey |
| 29,911,830 | | 29,911,830 | ||||||||||||
United Kingdom |
| 944,475,448 | | 944,475,448 | ||||||||||||
United States |
415,253,015 | | | 415,253,015 | ||||||||||||
$ | 1,873,528,710 | $ | 3,069,453,589 | $ | | $ | 4,942,982,299 | |||||||||
* | Transfers occurred between Level 1 and Level 2 due to foreign fair value adjustments. |
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis | ||||
Aggregate unrealized appreciation of investment securities |
$ | 1,206,203,174 | ||
Aggregate unrealized (depreciation) of investment securities |
(42,803,020 | ) | ||
Net unrealized appreciation of investment securities |
$ | 1,163,400,154 | ||
Cost of investments for tax purposes is $3,779,582,145. |
(a) | As of September 16, 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 Registrants 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 Registrants officers, including the PEO and PFO, concluded that, as of September 16, 2011, the Registrants 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 Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
Registrant: AIM International Mutual Funds (Invesco International Mutual Funds) |
||||
By: | /s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer |
By: | /s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer |
By: | /s/ Sheri Morris | |||
Sheri Morris | ||||
Principal Financial Officer |
Date: September 29, 2011 | /s/ Philip A. Taylor | |||
Philip A. Taylor, Principal Executive Officer | ||||
Date: September 29, 2011 | /s/ Sheri Morris | |||
Sheri Morris, Principal Financial Officer | ||||
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