nvq

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—87.56%

Australia—11.79%
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

China—16.99%
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 Kong—5.40%
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

India—1.12%
Infosys Technologies Ltd.		111,358		6,982,773

Indonesia—8.61%
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

Malaysia—6.43%
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

Philippines—11.78%
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

Singapore—3.54%
Keppel Corp. Ltd.		1,344,200		12,324,754
United Overseas Bank Ltd.		570,000		9,680,674

				22,005,428

South Korea—8.94%
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

Taiwan—4.64%
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

Thailand—8.32%
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

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

Invesco Asia Pacific Growth Fund


	Shares		Value

Money Market Funds—12.32%
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 INVESTMENTS—99.88% (Cost $439,371,184)				621,733,122

OTHER ASSETS LESS LIABILITIES—0.12%				753,800

NET ASSETS—100.00%			$	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 Fund’s Net Assets. See Note 3.

^(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 Asia Pacific Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 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 Asia Pacific Growth Fund

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.

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.

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.

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.

Invesco Asia Pacific Growth Fund

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

Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:


Level 1 —		Prices are determined using quoted prices in an active market for identical assets.


Level 2 —		Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.


Level 3 —		Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of July 31, 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	$	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.

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 nine months ended July 31, 2011.


							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

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 nine months ended July 31, 2011 was $85,007,420 and $97,384,417, 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	$	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 Asia Pacific Growth Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—93.11%

Austria—0.82%
Andritz AG		78,641	$	7,605,781

Belgium—2.39%
Anheuser-Busch InBev N.V.		267,742		15,432,470
D’leteren N.V.		99,763		6,770,643

				22,203,113

Denmark—1.75%
Novo Nordisk A/S -Class B		133,024		16,292,842

France—8.11%
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

Germany—7.74%
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

Greece—0.89%
Intralot S.A.		1,758,666		3,209,548
Jumbo S.A.		716,646		5,056,417

				8,265,965

Ireland—3.38%
DCC PLC		407,912		11,031,711
Paddy Power PLC		417,196		20,342,340

				31,374,051

Italy—0.33%
Ansaldo STS S.p.A.		319,249		3,079,225

Netherlands—3.69%
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

Norway—3.88%
Prosafe S.E.		2,304,988		17,103,323
TGS Nopec Geophysical Co. A.S.A.		649,772		18,916,813

				36,020,136

Russia—1.80%
Gazprom OAO -ADR		793,714		11,231,981
VimpelCom Ltd. -ADR		444,629		5,513,400

				16,745,381

Spain—0.52%
Prosegur, Compania de Seguridad S.A.		105,356		4,849,232

Sweden—5.74%
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

Switzerland—12.35%
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

Turkey—2.95%
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 Kingdom—36.77%
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

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

Invesco European Growth Fund


	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 Funds—6.86%
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 INVESTMENTS—99.97% (Cost $718,739,184)				929,028,924

OTHER ASSETS LESS LIABILITIES—0.03%				296,422

NET ASSETS—100.00%			$	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.

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

Invesco European Growth Fund

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

NOTE 1 — Significant Accounting Policies

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

Invesco European Growth Fund

		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 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 European Growth Fund

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	$	—	$	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.

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 nine months ended July 31, 2011 was $142,845,559 and $152,423,423, 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.

Invesco European Growth Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—96.14%

Australia—5.50%
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

Belgium—1.45%
Anheuser-Busch InBev N.V.		58,328		3,361,987

Brazil—1.19%
Banco Bradesco S.A. -ADR		143,735		2,764,024

Canada—1.14%
Suncor Energy, Inc.		68,732		2,634,739

China—1.15%
Industrial & Commercial Bank of China Ltd. -Class H		3,498,000		2,670,421

Denmark—1.54%
Novo Nordisk A/S -Class B		29,231		3,580,227

France—5.33%
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

Germany—5.44%
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 Kong—1.04%
Hutchison Whampoa Ltd.		129,000		1,500,540
Li & Fung Ltd.		542,000		904,361

				2,404,901

India—0.95%
Infosys Technologies Ltd. -ADR		35,396		2,202,339

Indonesia—0.70%
PT Perusahaan Gas Negara		3,470,000		1,618,997

Ireland—3.99%
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

Israel—1.84%
Teva Pharmaceutical Industries Ltd. -ADR		91,552		4,269,985

Japan—7.73%
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

Mexico—1.62%
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

Netherlands—1.89%
Koninklijke Ahold N.V.		113,731		1,513,097
Unilever N.V.		87,783		2,857,165

				4,370,262

Russia—1.10%
Gazprom OAO -ADR		180,556		2,555,079

Singapore—0.78%
United Overseas Bank Ltd.		106,000		1,800,266

South Korea—2.38%
Hyundai Mobis		9,118		3,287,106
NHN Corp. ^(a)		11,176		2,226,570

				5,513,676

Spain—0.89%
Amadeus IT Holding S.A. — Class A		102,306		2,055,744

Sweden—2.94%
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

Switzerland—7.25%
ABB Ltd.		88,803		2,121,280

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

Invesco Global Growth Fund


	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

Taiwan—1.61%
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 Kingdom—13.02%		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 States—23.67%
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 Stock—0.58%
Germany—0.58%
Volkswagen AG -Pfd. (Cost $1,426,105)		6,682		1,335,284

Money Market Funds—3.77%
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 INVESTMENTS—100.49% (Cost $190,182,619)				232,835,431

OTHER ASSETS LESS LIABILITIES—(0.49)%				(1,127,928	)

NET ASSETS—100.00%			$	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.

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

Invesco Global Growth Fund

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

NOTE 1 — Significant Accounting Policies

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

Invesco Global Growth Fund

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 Global Growth Fund

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	$	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.

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 nine months ended July 31, 2011 was $45,883,402 and $69,697,203, 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	$	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.

NOTE 4—Proposed Reorganization

The Board of Trustees unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which the Fund would acquire all of the assets and liabilities of Invesco Global Advantage Fund (the “Target Fund”) in exchange for shares of the Fund.

The Agreement requires approval of the Target Fund’s shareholders. The Agreement was submitted to the Target Fund’s shareholders for their consideration at meetings held in April, May and June, 2011, which have been further adjourned until September 14, 2011.

Invesco Global Growth Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—93.76%

Australia—0.47%
Computershare Ltd.		357,800	$	3,222,771

Brazil—3.51%
Cielo S.A.		610,613		17,019,858
Duratex S.A.		924,840		6,850,004

				23,869,862

Canada—8.72%
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

China—3.45%
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

France—0.76%
Faurecia		133,450		5,135,113

Germany—1.05%
Deutsche Boerse A.G. ^(a)		96,354		7,155,649

Greece—0.41%
Intralot S.A.		1,542,644		2,815,310

Hong Kong—0.49%
Hongkong Land Holdings Ltd.		497,000		3,339,840

Indonesia—1.78%
PT Perusahaan Gas Negara		25,969,500		12,116,585

Ireland—3.47%
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

Israel—0.78%
Check Point Software Technologies Ltd. ^(a)		91,907		5,298,439

Japan—4.20%
EXEDY Corp.		549,200		20,882,157
THK Co., Ltd.		298,500		7,704,960

				28,587,117

Mexico—1.00%
America Movil SAB de C.V. -Series L -ADR		264,384		6,821,107

Netherlands—0.45%
LyondellBasell Industries N.V. -Class A		76,658		3,024,925

Philippines—5.07%
Ayala Corp.		3,265,289		25,261,857
Energy Development Corp.		57,070,100		9,186,599

				34,448,456

Russia—0.68%
VimpelCom Ltd. -ADR		370,246		4,591,050

Singapore—0.54%
Avago Technologies Ltd.		108,696		3,655,446

South Africa—2.17%
AngloGold Ashanti Ltd. -ADR		87,789		3,681,871
Naspers Ltd. -Class N		208,079		11,087,245

				14,769,116

South Korea—1.63%
NHN Corp. ^(a)		55,497		11,056,543

Spain—0.56%
Prosegur, Compania de Seguridad S.A.		82,257		3,786,052

Sweden—1.00%
Kinnevik Investment A.B. -Class B		294,904		6,785,288

Switzerland—2.40%
Aryzta AG		217,713		11,715,204
Foster Wheeler AG ^(a)		169,674		4,598,165

				16,313,369

Thailand—1.90%
Siam Commercial Bank PCL		3,089,900		12,950,384

Turkey—2.54%
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 Kingdom—15.62%
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

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

Invesco Global Small & Mid Cap Growth Fund


	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 States—29.11%
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
Dick’s 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
Moody’s 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 Stock—0.97%
Brazil—0.97%
Companhia de Transmissao de Energia Eletrica Paulista -Pfd. (Cost $5,406,331)		218,100		6,590,942

Money Market Funds—5.54%
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 INVESTMENTS—100.27% (Cost $539,048,152)				681,741,381

OTHER ASSETS LESS LIABILITIES—(0.27)%				(1,818,306	)

NET ASSETS—100.00%			$	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.

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
July 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

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 Global Small & Mid Cap Growth Fund

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	$	—	$	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.

Invesco Global Small & Mid Cap Growth Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—93.15%
Australia—6.48%
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

Brazil—1.33%
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

Canada—5.34%
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

China—1.18%
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

Denmark—1.31%
Danske Bank A.S. ^(d)		221,478		4,293,285

Finland—0.57%
Nokia Corp.		321,078		1,858,122

France—7.32%
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

Germany—3.16%
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 Kong—3.34%
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

India—0.53%
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

Indonesia—0.16%
PT Telekomunikasi Indonesia Tbk		620,000		534,852

Ireland—0.21%
Dragon Oil PLC		79,813		690,215

Italy—2.33%
Eni S.p.A —ADR^(c)		113,399		4,907,909
Finmeccanica S.p.A.		358,132		2,745,416

				7,653,325

Japan—23.78%
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

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

Invesco International Core Equity Fund


	Shares		Value

Mexico—0.41%
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

Netherlands—1.53%
Unilever N.V. ^(c)		154,111		5,016,012

Norway—2.65%
Statoil A.S.A.		106,685		2,611,472
Yara International A.S.A.		107,157		6,095,414

				8,706,886

Poland—0.26%
KGHM Polska Miedz S.A.		12,270		840,178

Russia—0.62%
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 Africa—0.95%
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 Korea—2.28%
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

Spain—5.45%
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

Switzerland—7.46%
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

Taiwan—0.68%
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

Thailand—0.36%
Bangkok Bank Public Co. Ltd. —NVDR		143,700		836,504
PTT PCL		30,500		353,974

				1,190,478

Turkey—0.15%
Asya Katilim Bankasi A.S. ^(d)		337,555		478,238

United Kingdom—13.31%
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 Stocks—2.69%
Brazil—0.11%
Usinas Siderurgicas de Minas Gerais S.A. —Series A —Pfd., 4.69%		49,300		354,345

Germany—2.58%
Porsche Automobil Holding SE —Pfd., 1.41%		110,195		8,466,145

Total Preferred Stocks (Cost $6,727,548)				8,820,490

Money Market Funds—3.80%
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 Funds—5.93%
Liquid Assets Portfolio — Institutional Class (Cost $19,489,660) ^(e)(f)		19,489,660		19,489,660

TOTAL INVESTMENTS—105.57% (Cost $310,971,180)				346,683,485

OTHER ASSETS LESS LIABILITIES—(5.57)%				(18,294,971	)

NET ASSETS—100.00%			$	328,388,514

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

Invesco International Core Equity Fund

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

NOTE 1 — Significant Accounting Policies

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

Invesco International Core Equity 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.

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

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.

Invesco International Core Equity Fund

Foreign Currency Translations —(continued)

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.

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 International Core Equity Fund

NOTE 2 — Additional Valuation Information-(continued)


	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.

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 nine months ended July 31, 2011 was $66,768,363 and $64,541,962, 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	$	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 International Core Equity Fund

Schedule of Investments
July 31, 2011
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—91.52%
Australia—6.50%
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

Belgium—1.54%
Anheuser-Busch InBev N.V.		1,324,932		76,368,192

Brazil—2.24%
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

Canada—5.58%
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

China—1.49%
Industrial & Commercial Bank of China Ltd. -Class H		96,812,000		73,907,616

Denmark—1.65%
Novo Nordisk A.S. -Class B		665,020		81,451,963

France—6.69%
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

Germany—6.47%
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 Kong—1.52%
Hutchison Whampoa Ltd.		5,003,000		58,195,355
Li & Fung Ltd.		10,244,000		17,092,766

				75,288,121

India—0.95%
Infosys Ltd.		747,773		46,889,571

Israel—1.60%
Teva Pharmaceutical Industries Ltd. -ADR		1,694,263		79,020,426

Japan—9.97%
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

Mexico—2.95%
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

Netherlands—2.12%
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

Russia—1.46%
Gazprom -ADR		3,862,109		54,653,358
VimpelCom Ltd. -ADR		1,410,510		17,490,324

				72,143,682

Singapore—2.81%
Keppel Corp. Ltd.		8,096,548		74,235,949
United Overseas Bank Ltd.		3,824,000		64,945,436

				139,181,385

South Korea—2.59%
Hyundai Mobis		192,961		69,563,862

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

Invesco International Growth Fund


	Shares		Value

South Korea—(continued)
NHN Corp. ^(a)		293,842	$	58,541,482

				128,105,344

Sweden—3.82%
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

Switzerland—8.03%
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

Taiwan—1.85%
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

Turkey—0.60%
Akbank T.A.S.		6,853,777		29,911,830

United Kingdom—19.09%
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 Funds—8.39%
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 INVESTMENTS—99.91% (Cost $3,779,326,393)				4,942,982,299

OTHER ASSETS LESS LIABILITIES—0.09%				4,324,306

NET ASSETS—100.00%			$	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.

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

Invesco International Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
July 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

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

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	$	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.

Invesco International Growth Fund

Item 2. Controls and Procedures.

(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 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 September 16, 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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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.


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


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.


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 Trust’s 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 borrower’s return of the securities loaned. See Note 1D.


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.



invesco.com/us	APG-QTR-1 07/11	Invesco Advisers, Inc.



invesco.com/us	EGR-QTR-1 07/11	Invesco Advisers, Inc.



invesco.com/us	GLG-QTR-1 07/11	Invesco Advisers, Inc.