nvq

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—92.89%
Australia—12.08%
BHP Billiton Ltd.		334,413	$	13,283,034
Brambles Ltd.		1,276,067		9,847,543
Coca-Cola Amatil Ltd.		642,760		7,888,918
Computershare Ltd.		674,096		5,473,980
CSL Ltd.		381,718		12,613,679
QBE Insurance Group Ltd.		305,536		3,726,965
WorleyParsons Ltd.		376,574		10,908,722

				63,742,841

China—18.51%
Anta Sports Products Ltd.		5,545,000		5,584,110
China Yurun Food Group Ltd.		3,254,000		5,379,067
CNOOC Ltd. -ADR		76,559		15,572,101
Franshion Properties China Ltd.		18,238,000		4,444,679
Industrial & Commercial Bank of China Ltd. -Class H		32,865,000		23,010,967
Lee & Man Paper Manufacturing Ltd.		16,258,000		6,645,502
Minth Group Ltd.		5,894,000		6,361,170
NetEase.com Inc. -ADR^(a)		193,144		9,238,077
Stella International Holdings Ltd.		5,562,500		12,767,075
Vinda International Holdings Ltd.		3,890,000		4,729,839
Want Want China Holdings Ltd.		4,307,000		3,993,054

				97,725,641

Hong Kong—6.88%
Cheung Kong (Holdings) Ltd.		723,000		9,706,711
China Mobile Ltd.		835,000		8,525,631
Dickson Concepts (International) Ltd.		4,757,000		2,649,832
Hongkong Land Holdings Ltd.		619,000		3,177,572
Hutchison Whampoa Ltd.		1,094,000		10,356,704
Paliburg Holdings Ltd.		6,327,240		1,884,637

				36,301,087

Indonesia—8.39%
PT Bank Central Asia Tbk		7,280,500		6,456,805
PT Indocement Tunggal Prakarsa Tbk		2,682,000		5,038,369
PT Perusahaan Gas Negara		26,305,000		9,866,568
PT Summarecon Agung Tbk		92,864,500		12,357,613
PT Telekomunikasi Indonesia Tbk		13,859,000		10,550,583

				44,269,938

Malaysia—8.39%
Kossan Rubber Industries Berhad		15,057,500		17,332,517
Parkson Holdings Berhad		6,772,777		12,585,079
Public Bank Berhad		3,220,000		14,381,240

				44,298,836

Philippines—14.07%
Ayala Corp.		1,240,250		10,161,226
Energy Development Corp.		53,181,900		6,962,453
Energy Development Corp. ^(b)		2,918,750		382,044
First Gen Corp. ^(a)		35,899,189		10,874,728
First Gen Corp. ^(a)(b)		1,919,100		581,342
GMA Holdings, Inc. -PDR		49,179,200		9,448,917
GMA Holdings, Inc. -PDR ^(b)		1,468,000		282,050
Manila Water Co.		9,073,600		4,453,769
Philippine Long Distance Telephone Co.		228,910		14,638,940
SM Investments Corp.		1,136,065		16,490,110

				74,275,579

Singapore—4.04%
Keppel Corp. Ltd.		1,480,200		12,723,845
United Overseas Bank Ltd.		626,000		8,629,335

				21,353,180

South Korea—7.46%
Hyundai Department Store Co., Ltd. ^(a)		64,249		10,467,360
Hyundai Mobis		28,099		6,929,315
MegaStudy Co., Ltd. ^(a)		47,261		4,524,734
NHN Corp.		67,295		12,701,013
S1 Corp.		93,459		4,752,143

				39,374,565

Taiwan—4.35%
Taiwan Semiconductor Manufacturing Co. Ltd.		6,074,464		16,124,351
Wistron Corp.		4,554,672		6,838,245

				22,962,596

Thailand—8.72%
BEC World PCL		2,424,700		3,383,939
CP ALL PCL		1,322,200		2,495,925
Kasikornbank PCL		3,426,500		14,650,250
Major Cineplex Group PCL		16,339,300		8,119,562
Siam Commercial Bank PCL		3,255,900		12,712,614
Thai Stanley Electric PCL -Class F		960,700		4,650,048

				46,012,338

Total Common Stocks & Other Equity Interests (Cost $358,354,469)				490,316,601

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

Invesco Asia Pacific Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(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. 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 economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

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

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

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Invesco Asia Pacific Growth Fund

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. 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.

Invesco Asia Pacific Growth Fund

NOTE 2 — Additional Valuation Information

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

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

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

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

The following is a summary of the tiered valuation input levels, as of January 31, 2012. 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	$	38,843,924	$	24,898,917	$	—	$	63,742,841
China		92,995,802		4,729,839		—		97,725,641

Hong Kong		4,534,469		31,766,618		—		36,301,087

Indonesia		20,417,151		23,852,787		—		44,269,938

Malaysia		44,298,836		—		—		44,298,836
Philippines		64,114,353		10,161,226		—		74,275,579
Singapore		8,629,335		12,723,845		—		21,353,180
South Korea		30,097,688		9,276,877		—		39,374,565
Taiwan		22,962,596		—		—		22,962,596
Thailand		46,012,338		—		—		46,012,338
United States		37,759,499		—		—		37,759,499

Total Investments	$	410,665,991	$	117,410,109	$	—	$	528,076,100


*		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 three months ended January 31, 2012 was $1,353,240 and $25,384,368, 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	$	150,191,854

Aggregate unrealized (depreciation) of investment securities		(18,947,761	)

Net unrealized appreciation of investment securities	$	131,244,093

Cost of investments for tax purposes is $396,832,007.

Invesco Asia Pacific Growth Fund

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—92.68%
Austria—0.94%
Andritz AG		78,641	$	7,293,975

Belgium—2.88%
Anheuser-Busch InBev N.V.		275,221		16,707,151
S.A. D’Ieteren N.V.		112,885		5,610,836

				22,317,987

Denmark—1.22%
Novo Nordisk A.S. -Class B		79,554		9,417,643

France—7.27%
BNP Paribas S.A.		143,330		6,133,891
Cap Gemini S.A.		155,465		5,690,608
Cie Generale des Etablissements Michelin -Class B		79,796		5,470,300
Danone S.A.		160,231		9,889,134
Faurecia		235,408		5,894,968
Publicis Groupe S.A.		95,881		4,823,359
SA des Ciments Vicat (Vicat)		120,940		7,327,790
Schneider Electric S.A.		77,858		4,855,690
Total S.A.		117,423		6,205,775

				56,291,515

Germany—6.71%
Bayer AG		62,548		4,386,415
Brenntag AG		40,878		4,278,950
Deutsche Boerse AG ^(a)		119,315		7,032,362
Fresenius Medical Care AG & Co. KGaA		141,770		10,122,286
SAP AG		206,604		12,482,295
Wirecard AG		761,133		13,679,021

				51,981,329

Greece—0.44%
Jumbo S.A. ^(a)		716,646		3,402,664

Ireland—4.43%
DCC PLC		407,912		9,843,977
Paddy Power PLC		350,340		19,454,300
Shire PLC		151,883		5,041,082

				34,339,359

Italy—0.40%
Ansaldo STS S.p.A.		319,249		3,094,251

Netherlands—3.67%
Aalberts Industries N.V.		305,672		5,731,405
Koninklijke Ahold N.V.		627,158		8,309,869
Unilever N.V.		289,429		9,634,686
VimpelCom Ltd. -ADR		444,629		4,739,745

				28,415,705

Norway—4.13%
Prosafe S.E.		2,304,988		17,869,342
TGS Nopec Geophysical Co. A.S.A.		565,823		14,152,564

				32,021,906

Russia—1.24%
Gazprom OAO -ADR		793,714		9,603,939

Spain—0.63%
Prosegur, Compania de Seguridad S.A.		105,356		4,860,405

Sweden—5.42%
Intrum Justitia A.B.		810,101		12,772,453
Kinnevik Investment A.B. -Class B		403,826		8,458,155
Swedbank AB -Class A		576,007		8,291,601
Telefonaktiebolaget LM Ericsson -Class B		837,632		7,788,460
Volvo AB -Class B		358,896		4,674,278

				41,984,947

Switzerland—12.67%
ABB Ltd. ^(a)		421,727		8,781,018
Aryzta AG ^(a)		449,957		20,779,281
Dufry AG ^(a)		132,312		15,059,415
Julius Baer Group Ltd. ^(a)		210,230		8,560,488
Nestle S.A.		204,581		11,733,827
Novartis AG		244,003		13,240,680
Roche Holding AG		58,588		9,918,516
Syngenta AG		33,130		10,051,142

				98,124,367

Turkey—3.40%
Haci Omer Sabanci Holding A.S.		3,826,299		14,643,648
Tupras-Turkiye Petrol Rafinerileri A.S.		510,985		11,647,283

				26,290,931

United Kingdom—37.23%
Amlin PLC		2,260,983		12,137,047
Balfour Beatty PLC		2,383,493		10,315,972
BG Group PLC		545,727		12,255,937
British American Tobacco PLC		321,997		14,824,773
Bunzl PLC		855,948		11,614,667
Centrica PLC		1,627,987		7,543,594
Chemring Group PLC		1,447,825		8,782,961
Compass Group PLC		1,911,736		17,745,957
GlaxoSmithKline PLC		240,208		5,337,806
Homeserve PLC		2,650,051		11,857,028
IG Group Holdings PLC		2,002,117		14,973,957
Imperial Tobacco Group PLC		435,860		15,608,587
Informa PLC		2,591,598		15,994,467
International Power PLC		768,407		4,069,410
Kingfisher PLC		2,103,441		8,488,466
Lancashire Holdings Ltd.		697,863		7,586,587
Micro Focus International PLC		1,286,387		8,586,916
Mitie Group PLC		2,676,165		10,752,367

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

Invesco European Growth Fund


	Shares		Value

United Kingdom—(continued)
Next PLC		233,536	$	9,639,301
Reed Elsevier PLC		1,400,123		11,599,608
Royal Dutch Shell PLC -Class B		360,177		13,178,874
Smiths Group PLC		491,182		7,431,387
Tesco PLC		1,250,475		6,298,513
UBM PLC		779,954		6,768,734
Ultra Electronics Holdings PLC		504,333		12,196,930
Vodafone Group PLC		3,212,624		8,684,485
William Hill PLC		1,439,895		5,107,912
WPP PLC		760,802		8,961,231

				288,343,474

Total Common Stocks & Other Equity Interests (Cost $580,061,556)				717,784,397

Preferred Stock—1.09%
Germany—1.09%
Volkswagen AG -1.60% Pfd. (Cost $9,279,137)		47,623		8,448,127

Money Market Funds—5.97%
Liquid Assets Portfolio—Institutional Class ^(b)		23,143,100		23,143,100
Premier Portfolio—Institutional Class ^(b)		23,143,099		23,143,099

Total Money Market Funds (Cost $46,286,199)				46,286,199

TOTAL INVESTMENTS—99.74% (Cost $635,626,892)				772,518,723

OTHER ASSETS LESS LIABILITIES—0.26%				1,983,988

NET ASSETS—100.00%			$	774,502,711


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 European Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco European Growth Fund

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

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

Invesco European Growth Fund

NOTE 2 — Additional Valuation Information

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

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

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


	Level 1*		Level 2*		Level 3		Total

Austria	$	7,293,975	$	—	$	—	$	7,293,975
Belgium		5,610,836		16,707,151		—		22,317,987
Denmark		—		9,417,643		—		9,417,643
France		20,918,268		35,373,247		—		56,291,515
Germany		26,161,316		34,268,140		—		60,429,456
Greece		3,402,664		—		—		3,402,664
Ireland		14,885,059		19,454,300		—		34,339,359
Italy		3,094,251		—		—		3,094,251
Netherlands		28,415,705		—		—		28,415,705
Norway		32,021,906		—		—		32,021,906
Russia		9,603,939		—		—		9,603,939
Spain		4,860,405		—		—		4,860,405
Sweden		20,560,913		21,424,034		—		41,984,947
Switzerland		30,697,797		67,426,570		—		98,124,367
Turkey		26,290,931		—		—		26,290,931
United Kingdom		82,180,596		206,162,878		—		288,343,474
United States		46,286,199		—		—		46,286,199

Total Investments	$	362,284,760	$	410,233,963	$	—	$	772,518,723


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

Invesco European Growth Fund

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—93.09%
Australia—4.06%
BHP Billiton Ltd.		134,829	$	5,355,468
Brambles Ltd.		422,804		3,262,823
WorleyParsons Ltd.		146,690		4,249,365

				12,867,656

Belgium—1.79%
Anheuser-Busch InBev N.V.		93,539		5,678,237

Brazil—2.21%
Banco Bradesco S.A. -ADR		273,282		4,886,282
Cielo S.A.		71,300		2,124,551

				7,010,833

Canada—1.15%
CGI Group Inc. ^(a)		3,903		78,815
Suncor Energy, Inc.		102,958		3,546,240

				3,625,055

China—1.66%
Industrial & Commercial Bank of China Ltd. -Class H		6,314,000		4,420,850
NetEase.com Inc. -ADR^(a)		17,509		837,456

				5,258,306

Denmark—0.99%
Novo Nordisk A.S. -Class B		26,468		3,133,295

France—4.28%
BNP Paribas S.A.		52,559		2,249,293
Cap Gemini S.A.		61,040		2,234,295
Cie Generale des Etablissements Michelin -Class B		27,943		1,915,592
Danone S.A.		53,567		3,306,047
L’Oreal SA		18,993		2,019,972
Schneider Electric S.A.		29,453		1,836,865

				13,562,064

Germany—4.47%
Adidas AG		68,199		4,919,524
Bayer AG		24,494		1,717,734
Fresenius Medical Care AG & Co. KGaA		41,306		2,949,222
SAP AG		75,422		4,556,735

				14,143,215

Hong Kong—1.28%
China Mobile Ltd.		180,000		1,837,861
Hutchison Whampoa Ltd.		235,000		2,224,703

				4,062,564

Ireland—4.15%
Accenture PLC -Class A		77,210		4,427,221
Cooper Industries PLC		44,425		2,626,406
Ingersoll-Rand PLC		56,075		1,959,261
WPP PLC		350,628		4,129,929

				13,142,817

Israel—2.03%
Teva Pharmaceutical Industries Ltd. -ADR		142,462		6,429,310

Japan—6.82%
Canon Inc.		118,500		5,132,425
Fanuc Corp.		15,100		2,553,012
Keyence Corp.		13,400		3,347,832
Komatsu Ltd.		78,900		2,215,820
Nidec Corp.		23,600		2,260,002
Toyota Motor Corp.		52,000		1,924,523
Yamada Denki Co., Ltd.		65,570		4,180,378

				21,613,992

Mexico—1.69%
America Movil SAB de C.V. -Series L -ADR		107,776		2,501,481
Grupo Televisa S.A.B. -ADR		144,699		2,853,464

				5,354,945

Netherlands—2.22%
Koninklijke Ahold N.V.		170,366		2,257,356
Unilever N.V.		143,638		4,781,508

				7,038,864

Russia—1.03%
Gazprom OAO -ADR		270,469		3,272,675

Singapore—0.69%
United Overseas Bank Ltd.		158,000		2,178,011

South Korea—1.94%
Hyundai Mobis		13,793		3,401,404
NHN Corp.		14,549		2,745,925

				6,147,329

Spain—1.01%
Amadeus IT Holding S.A.—Class A		187,452		3,211,953

Sweden—2.46%
Swedbank AB -Class A		182,296		2,624,145
Telefonaktiebolaget LM Ericsson -Class B		350,873		3,262,483
Volvo AB -Class B		145,584		1,896,093

				7,782,721

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

Invesco Global Growth Fund


	Shares		Value

Switzerland—6.77%
ABB Ltd. ^(a)		151,832	$	3,161,380
Julius Baer Group Ltd. ^(a)		76,736		3,124,661
Nestle S.A.		50,983		2,924,151
Novartis AG		79,227		4,299,207
Roche Holding AG		23,466		3,972,621
Syngenta AG		13,101		3,974,646

				21,456,666

Taiwan—1.12%
Taiwan Semiconductor Manufacturing Co. Ltd.		1,331,428		3,534,207

United Kingdom—14.11%
BG Group PLC		175,043		3,931,116
British American Tobacco PLC		60,807		2,799,560
Centrica PLC		469,721		2,176,544
Compass Group PLC		497,097		4,614,372
GlaxoSmithKline PLC		74,111		1,646,865
Imperial Tobacco Group PLC		175,777		6,294,752
Kingfisher PLC		743,139		2,998,948
Next PLC		87,772		3,622,828
Reed Elsevier PLC		479,023		3,968,565
Royal Dutch Shell PLC -Class B		119,349		4,366,979
Smith & Nephew PLC		267,024		2,593,927
Tesco PLC		516,913		2,603,637
Vodafone Group PLC		1,136,340		3,071,797

				44,689,890

United States—25.16%
Amazon.com, Inc. ^(a)		14,526		2,824,435
Apple Inc. ^(a)		20,145		9,195,790
Broadcom Corp. -Class A ^(a)		46,005		1,579,812
Cameron International Corp. ^(a)		68,681		3,653,829
Cardinal Health, Inc.		92,302		3,971,755
Celgene Corp. ^(a)		10,724		779,635
Chubb Corp. (The)		28,193		1,900,490
Comcast Corp. -Class A		155,277		4,128,815
Costco Wholesale Corp.		32,645		2,685,704
Deckers Outdoor Corp. ^(a)		31,703		2,563,188
DIRECTV -Class A ^(a)		87,701		3,947,422
EMC Corp. ^(a)		71,131		1,832,335
Express Scripts, Inc. ^(a)		40,388		2,066,250
Exxon Mobil Corp.		19,875		1,664,332
Gilead Sciences, Inc. ^(a)		81,566		3,983,683
Google Inc. -Class A ^(a)		7,732		4,485,411
Home Depot, Inc. (The)		44,924		1,994,176
Johnson Controls, Inc.		50,375		1,600,414
JPMorgan Chase & Co.		45,628		1,701,924
Macy’s, Inc.		71,708		2,415,843
Medco Health Solutions, Inc. ^(a)		6,574		407,719
Microsoft Corp.		158,878		4,691,667
Mosaic Co. (The)		38,033		2,128,707
Occidental Petroleum Corp.		48,604		4,849,221
PepsiCo, Inc.		31,922		2,096,318
UnitedHealth Group Inc.		105,520		5,464,881

Visa Inc. -Class A		10,701		1,076,949
				79,690,705

Total Common Stocks & Other Equity Interests (Cost $257,434,137)				294,885,310

Preferred Stocks—1.01%
Germany—1.01%
Volkswagen AG -1.60% Pfd. (Cost $3,257,004)		18,068		3,205,190

Money Market Funds—5.26%
Liquid Assets Portfolio—Institutional Class ^(b)		8,325,407		8,325,407
Premier Portfolio—Institutional Class ^(b)		8,325,407		8,325,407

Total Money Market Funds (Cost $16,650,814)				16,650,814

TOTAL INVESTMENTS—99.36% (Cost $277,341,955)				314,741,314

OTHER ASSETS LESS LIABILITIES—0.64%				2,020,964

NET ASSETS—100.00%			$	316,762,278

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 Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco Global Growth Fund

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

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

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

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

Invesco Global Growth Fund

NOTE 2 — Additional Valuation Information

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

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

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


	Level 1*		Level 2*		Level 3		Total

Australia	$	7,512,188	$	5,355,468	$	—	$	12,867,656
Belgium		—		5,678,237		—		5,678,237
Brazil		7,010,833		—		—		7,010,833
Canada		3,625,055		—		—		3,625,055
China		5,258,306		—		—		5,258,306
Denmark		—		3,133,295		—		3,133,295
France		5,326,019		8,236,045		—		13,562,064
Germany		4,556,735		12,791,670		—		17,348,405
Hong Kong		—		4,062,564		—		4,062,564
Ireland		9,012,888		4,129,929		—		13,142,817
Israel		6,429,310		—		—		6,429,310
Japan		6,440,380		15,173,612		—		21,613,992
Mexico		5,354,945		—		—		5,354,945
Netherlands		7,038,864		—		—		7,038,864
Russia		3,272,675		—		—		3,272,675
Singapore		2,178,011						2,178,011
South Korea		6,147,329		—		—		6,147,329
Spain		3,211,953		—		—		3,211,953
Sweden		3,262,483		4,520,238		—		7,782,721
Switzerland		3,972,621		17,484,045		—		21,456,666
Taiwan		3,534,207		—		—		3,534,207
United Kingdom		16,418,818		28,271,072		—		44,689,890
United States		96,341,519		—		—		96,341,519

Total Investments	$	205,905,139	$	108,836,175	$	—	$	314,741,314


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

Invesco Global Growth Fund

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—94.41%
Australia—0.62%
Computershare Ltd.		434,889	$	3,531,505

Brazil—4.96%
CETIP S.A.		242,500		3,741,341
Cielo S.A.		610,613		18,194,646
Duratex S.A.		1,151,240		6,452,164

				28,388,151

Canada—8.68%
Astral Media Inc. -Class A		158,400		5,568,009
Fairfax Financial Holdings Ltd.		20,671		8,389,606
MacDonald, Dettwiler and Associates Ltd.		77,012		3,392,122
Onex Corp.		302,723		10,475,158
Open Text Corp. ^(a)		102,645		5,201,854
Paramount Resources Ltd. — Class A ^(a)		251,828		8,663,807
Precision Drilling Corp. ^(a)		777,655		7,979,727

				49,670,283

China—4.54%
Anta Sports Products Ltd.		5,871,000		5,912,410
China Yurun Food Group Ltd.		3,541,000		5,853,496
Lee & Man Paper Manufacturing Ltd.		11,554,000		4,722,729
NetEase.com Inc. -ADR^(a)		198,089		9,474,597

				25,963,232

France—0.72%
Faurecia		163,450		4,093,032

Germany—1.54%
Brenntag AG		29,717		3,110,660
Deutsche Boerse AG		96,354		5,679,053

				8,789,713

Hong Kong—0.45%
Hongkong Land Holdings Ltd.		497,000		2,551,298

Indonesia—1.06%
PT Perusahaan Gas Negara		16,224,500		6,085,540

Ireland—2.26%
Cooper Industries PLC		68,439		4,046,114
DCC PLC		366,961		8,855,723

				12,901,837

Japan—3.61%
EXEDY Corp.		466,400		14,225,108
THK Co., Ltd.		298,500		6,448,904

				20,674,012

Mexico—1.07%
America Movil S.A.B de C.V. -Series L -ADR		264,384		6,136,353

Netherlands—1.39%
LyondellBasell Industries N.V. -Class A		92,875		4,002,913
VimpelCom Ltd. -ADR		370,246		3,946,822

				7,949,735

Philippines—5.53%
Ayala Corp.		3,053,349		25,015,738
Energy Development Corp.		44,094,600		5,771,680
Energy Development Corp. ^(b)		6,577,500		860,949

				31,648,367

Singapore—0.58%
Avago Technologies Ltd.		97,408		3,306,028

South Africa—2.64%
AngloGold Ashanti Ltd. -ADR		87,789		4,020,736
Naspers Ltd. -Class N		221,481		11,082,205

				15,102,941

South Korea—1.42%
NHN Corp.		43,091		8,132,838

Spain—0.66%
Prosegur, Compania de Seguridad S.A.		82,257		3,794,775

Sweden—1.08%
Kinnevik Investment A.B. -Class B		294,904		6,176,778

Switzerland—1.76%
Aryzta AG		217,713		10,054,116

Thailand—2.11%
Siam Commercial Bank PCL		3,089,900		12,064,469

Turkey—2.88%
Haci Omer Sabanci Holding A.S.		1,770,697		6,776,643
Tupras-Turkiye Petrol Rafinerileri A.S.		424,952		9,686,265

				16,462,908

United Kingdom—16.93%
African Barrick Gold Ltd.		676,174		5,501,040
Bunzl PLC		443,869		6,023,018
Chemring Group PLC		955,565		5,796,757
Compass Group PLC		611,853		5,679,611
Homeserve PLC		2,048,957		9,167,575
IG Group Holdings PLC		1,623,859		12,144,942
Informa PLC		1,662,227		10,258,703
International Power PLC		569,712		3,017,141
Lancashire Holdings Ltd.		637,330		6,928,523
Micro Focus International PLC		1,105,816		7,381,567

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

Invesco Global Small & Mid Cap Growth Fund


	Shares		Value

United Kingdom—(continued)
Shire PLC		144,976	$	4,811,834
Smiths Group PLC		396,534		5,999,401
UBM PLC		424,848		3,686,990
Ultra Electronics Holdings PLC		266,074		6,434,808
William Hill PLC		1,137,590		4,035,509

				96,867,419

United States—27.92%
Aetna Inc.		59,114		2,583,282
Affiliated Managers Group, Inc. ^(a)		36,572		3,675,852
AGCO Corp. ^(a)		69,447		3,536,936
Albemarle Corp.		78,754		5,064,670
Allscripts Healthcare Solutions, Inc. ^(a)		107,080		2,047,370
Altera Corp.		63,774		2,537,567
Amphenol Corp. -Class A		113,805		6,194,406
Avnet, Inc. ^(a)		94,925		3,310,035
BioMarin Pharmaceutical Inc. ^(a)		76,816		2,740,027
Brookdale Senior Living, Inc. ^(a)		123,745		2,177,912
C.H. Robinson Worldwide, Inc.		50,684		3,489,086
Cabot Oil & Gas Corp.		79,172		2,525,587
Cameron International Corp. ^(a)		53,716		2,857,691
Chipotle Mexican Grill, Inc. ^(a)		6,339		2,328,251
Church & Dwight Co., Inc.		71,094		3,225,535
Cinemark Holdings, Inc.		192,126		3,788,725
Citrix Systems, Inc. ^(a)		38,307		2,497,999
Coach, Inc.		89,957		6,301,488
Cognizant Technology Solutions Corp. -Class A ^(a)		52,124		3,739,897
DaVita, Inc. ^(a)		59,688		4,883,075
Dick’s Sporting Goods, Inc.		88,627		3,652,319
Discover Financial Services		136,112		3,699,524
Dollar Tree, Inc. ^(a)		42,480		3,602,729
Endo Pharmaceuticals Holdings Inc. ^(a)		25,922		963,521
Express Scripts, Inc. ^(a)		82,250		4,207,910
F5 Networks, Inc. ^(a)		25,378		3,038,762
Gardner Denver Inc.		48,553		3,622,054
Gentex Corp.		171,807		4,616,454
HMS Holdings Corp. ^(a)		69,193		2,284,061
Intrepid Potash, Inc. ^(a)		125,503		2,998,267
Juniper Networks, Inc. ^(a)		86,352		1,807,347
Kansas City Southern ^(a)		55,520		3,810,893
Key Energy Services, Inc. ^(a)		130,988		1,896,706
MasTec Inc. ^(a)		101,668		1,656,172
Michael Kors Holdings Ltd. ^(a)		101,415		3,138,794
Monster Beverage Corp. ^(a)		27,712		2,896,181
Navistar International Corp. ^(a)		90,579		3,921,165
NetApp, Inc. ^(a)		60,680		2,290,063
NII Holdings Inc. ^(a)		94,755		1,905,523
Owens-Illinois, Inc. ^(a)		86,385		2,077,559
PetSmart, Inc.		42,883		2,282,233
Pioneer Natural Resources Co.		17,158		1,703,789
Robert Half International, Inc.		80,974		2,242,170
Salesforce.com, Inc. ^(a)		22,534		2,631,971
Starwood Hotels & Resorts Worldwide, Inc.		45,946		2,492,111
Tesla Motors, Inc. ^(a)		91,286		2,653,684
Triumph Group, Inc.		60,903		3,810,701
Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		77,557		5,911,394
Universal Health Services, Inc. -Class B		97,428		4,022,802
Whiting Petroleum Corp. ^(a)		86,920		4,353,823

				159,696,073

Total Common Stocks & Other Equity Interests (Cost $441,855,730)				540,041,403

Preferred Stocks—1.21%
Brazil—1.21%
Companhia de Transmissao de Energia Eletrica Paulista -Pfd. (Cost $5,406,331)		218,100		6,899,591

Money Market Funds—4.75%
Liquid Assets Portfolio — Institutional Class ^(c)		13,598,333		13,598,333
Premier Portfolio — Institutional Class^(c)		13,598,332		13,598,332

Total Money Market Funds (Cost $27,196,665)				27,196,665

TOTAL INVESTMENTS—100.37% (Cost $474,458,726)				574,137,659

OTHER ASSETS LESS LIABILITIES—(0.37)%				(2,131,305	)

NET ASSETS—100.00%			$	572,006,354


Investment Abbreviations:

ADR		— American Depositary Receipt

Pfd.		— Preferred

Notes to Schedule of Investments:

^(a)		Non-income producing security.

^(b)		Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2012 represented less than 1% of the Fund’s Net Assets.

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

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

Invesco Global Small & Mid Cap Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(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

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

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	$	3,531,505	$	—	$	—	$	3,531,505
Brazil		35,287,742		—		—		35,287,742
Canada		49,670,283		—		—		49,670,283
China		25,963,232		—		—		25,963,232
France		—		4,093,032		—		4,093,032
Germany		—		8,789,713		—		8,789,713
Hong Kong		—		2,551,298		—		2,551,298
Indonesia		6,085,540		—		—		6,085,540
Ireland		12,901,837		—		—		12,901,837
Japan		14,225,108		6,448,904		—		20,674,012
Mexico		6,136,353		—		—		6,136,353
Netherlands		7,949,735		—		—		7,949,735
Philippines		6,632,629		25,015,738		—		31,648,367
Singapore		3,306,028		—		—		3,306,028
South Africa		4,020,736		11,082,205		—		15,102,941
South Korea		8,132,838		—		—		8,132,838
Spain		3,794,775		—		—		3,794,775
Sweden		—		6,176,778		—		6,176,778
Switzerland		10,054,116		—		—		10,054,116
Thailand		12,064,469		—		—		12,064,469
Turkey		16,462,908		—		—		16,462,908
United Kingdom		31,681,439		65,185,980		—		96,867,419
United States		186,892,738		—		—		186,892,738

Total Investments	$	444,794,011	$	129,343,648	$	—	$	574,137,659

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

Invesco Global Small & Mid Cap Growth Fund

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—95.11%
Australia—8.32%
Australia & New Zealand Banking Group Ltd.		192,577	$	4,370,069
BHP Billiton Ltd.		193,422		7,682,809
Macquarie Group Ltd.		96,927		2,618,321
Suncorp Group Ltd.		489,472		4,363,399
Telstra Corp. Ltd.		1,405,471		4,968,052

				24,002,650

Brazil—1.31%
Banco Santander Brasil SA ^(a)(b)		26,100		242,054
Banco Santander Brasil SA ^(a)		44,900		416,407
Companhia Energetica de Minas Gerais -ADR^(c)		37,579		760,599
PDG Realty SA Empreendimentos e Participacoes		166,000		672,819
Petroleo Brasileiro SA -ADR		32,451		991,378
Vale SA -ADR		27,522		696,307

				3,779,564

Canada—3.63%
Nexen Inc.		160,565		2,877,297
Suncor Energy, Inc.		119,793		4,126,097
Toronto-Dominion Bank (The)		44,766		3,461,463

				10,464,857

China—1.30%
China Communications Construction Co. Ltd. -Class H		322,000		299,359
China Construction Bank Corp. -Class H		989,000		791,935
China Dongxiang Group Co.		1,538,000		255,264
China Minsheng Banking Corp., Ltd. -Class H		887,000		820,057
CNOOC Ltd.		382,800		779,980
KWG Property Holding Ltd.		597,500		249,027
Renhe Commercial Holdings Co., Ltd.		4,652,000		551,860

				3,747,482

Denmark—1.10%
Danske Bank AS ^(d)		215,774		3,167,012

France—10.88%
BNP Paribas SA		75,582		3,234,576
Bouygues SA		177,769		5,535,675
Cie Generale des Etablissements Michelin -Class B		55,760		3,822,547
Sanofi		102,370		7,587,689
Total SA -ADR		102,336		5,420,738
Vallourec SA		85,903		5,801,205

				31,402,430

Germany—2.72%
Deutsche Lufthansa AG		247,921		3,430,781
Muenchener Rueckversicherungs-Gesellschaft AG		14,347		1,872,468
Salzgitter AG		42,732		2,558,078

				7,861,327

Hong Kong—2.68%
Cheung Kong (Holdings) Ltd.		248,000		3,329,550
China Mobile Ltd.		105,500		1,077,190
Henderson Land Development Co. Ltd.		614,000		3,324,741

				7,731,481

India—0.72%
Canara Bank Ltd.		63,868		607,105
Grasim Industries Ltd.		8,854		467,223
Oil and Natural Gas Corp. Ltd.		91,981		512,476
Tata Motors Ltd.		97,847		479,751

				2,066,555

Indonesia—0.12%
PT Telekomunikasi Indonesia Tbk		458,000		348,666

Ireland—0.22%
Dragon Oil PLC		77,757		637,234

Italy—1.70%
Eni S.p.A -ADR^(c)		110,478		4,916,271

Japan—23.66%
Asahi Group Holdings, Ltd.		223,700		4,953,141
East Japan Railway Co.		46,200		2,995,186
FUJIFILM Holdings Corp.		229,700		5,469,574
Mitsubishi Corp.		220,300		5,057,289
Mitsubishi UFJ Financial Group, Inc.		1,224,500		5,632,505
Nippon Telegraph & Telephone Corp.		68,700		3,433,648
Nippon Yusen Kabushiki Kaisha ^(c)		1,261,000		3,206,662
Nissan Motor Co., Ltd.		636,200		6,030,348
Nitto Denko Corp.		65,900		2,349,334
NSK Ltd.		158,000		1,182,224
NTT DoCoMo, Inc.		1,899		3,373,011
Seven & I Holdings Co., Ltd.		136,900		3,860,901
Shin-Etsu Chemical Co., Ltd.		56,000		2,920,233
Sumitomo Chemical Co., Ltd.		1,230,000		4,973,718
Toyo Suisan Kaisha, Ltd.		147,000		3,619,559
Toyota Motor Corp.		102,300		3,786,129
Yamada Denki Co., Ltd.		85,300		5,438,253

				68,281,715

Mexico—0.23%
America Movil SAB de C.V. -Series L		561,600		653,744

Norway—2.94%
Statoil ASA		106,685		2,684,035

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

Invesco International Core Equity Fund


	Shares		Value

Norway—(continued)
Yara International ASA		144,024	$	5,812,922

				8,496,957

Poland—0.20%
KGHM Polska Miedz SA		13,499		586,606

Russia—0.69%
Gazprom OAO -ADR		43,788		529,835
JSFC Sistema -REGS -GDR^(b)		23,723		462,146
Magnitogorsk Iron & Steel Works -REGS -GDR^(b)		59,797		357,771
Rosneft Oil Co. -REGS -GDR^(b)		88,078		649,135

				1,998,887

South Africa—1.00%
Sasol Ltd.		14,426		735,297
Standard Bank Group Ltd.		51,460		704,744
Steinhoff International Holdings Ltd. ^(d)		248,676		793,543
Tiger Brands Ltd.		19,828		637,923

				2,871,507

South Korea—2.09%
Dongbu Insurance Co., Ltd.		13,347		568,317
Hyundai Mipo Dockyard Co., Ltd.		5,373		600,983
Hyundai Mobis		3,779		931,915
KT&G Corp.		9,240		646,568
POSCO		2,105		775,418
Samsung Electronics Co., Ltd.		1,360		1,345,902
Shinhan Financial Group Co., Ltd.		14,937		596,616
SK Telecom Co., Ltd.		2,799		354,350
SK Telecom Co., Ltd. -ADR		14,627		204,924

				6,024,993

Spain—4.70%
Banco Santander SA		449,346		3,497,080
Iberdrola SA		604,335		3,568,622
Repsol YPF, SA		117,151		3,217,904
Telefonica SA		187,171		3,270,401

				13,554,007

Switzerland—7.22%
Actelion Ltd. ^(d)		66,337		2,549,761
Holcim Ltd. ^(d)		61,574		3,517,279
Swisscom AG		19,764		7,813,198
Zurich Financial Services AG ^(d)		28,937		6,961,308

				20,841,546

Taiwan—0.64%
AU Optronics Corp. -ADR		59,724		314,746
HTC Corp.		23,337		384,502
Powertech Technology Inc.		279,000		698,137
Wistron Corp.		297,000		445,907

				1,843,292

Thailand—0.42%
Bangkok Bank Public Co. Ltd. -NVDR		140,000		692,210

PTT PCL		46,300		506,943

				1,199,153

Turkey—0.11%
Asya Katilim Bankasi AS ^(d)		337,555		321,065

United Kingdom—16.51%
AstraZeneca PLC		77,075		3,710,307
Barclays PLC		1,174,261		3,961,886
Eurasian Natural Resources Corp.		58,795		640,927
GlaxoSmithKline PLC		261,732		5,816,104
Imperial Tobacco Group PLC		266,516		9,544,208
International Power PLC		798,179		4,227,080
National Grid PLC		461,002		4,596,016
Rio Tinto PLC		121,314		7,324,936
Royal Dutch Shell PLC -ADR		109,556		7,817,916

				47,639,380

Total Common Stocks & Other Equity Interests (Cost $267,035,220)				274,438,381

Preferred Stocks—2.28%
Germany—2.28%
Porsche Automobil Holding SE -1.04% Pfd. (Cost $6,086,553)		107,357		6,581,624

Money Market Funds—2.49%
Liquid Assets Portfolio — Institutional Class ^(e)		3,596,838		3,596,838
Premier Portfolio — Institutional Class ^(e)		3,596,837		3,596,837

Total Money Market Funds (Cost $7,193,675)				7,193,675

TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)—99.88% (Cost $280,315,448)				288,213,680

Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds—1.55%
Liquid Assets Portfolio — Institutional Class (Cost $4,471,050)^(e)(f)		4,471,050		4,471,050

TOTAL INVESTMENTS—101.43% (Cost $284,786,498)				292,684,730

OTHER ASSETS LESS LIABILITIES—(1.43)%				(4,135,999	)

NET ASSETS—100.00%			$	288,548,731


Investment Abbreviations:

ADR		—American Depositary Receipt

GDR		—Global Depositary Receipt

NVDR		—Non-Voting Depositary Receipt

Pfd.		—Preferred

REGS		—Regulation S

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

Invesco International Core Equity Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco International Core Equity Fund

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

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 affiliated money market funds 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

E.		Foreign Currency Translations — (continued)

		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.

During the three months ended January 31, 2012, there were no significant transfers between investment levels.


	Level 1		Level 2		Level 3		Total

Australia	$	4,968,052	$	19,034,598	$	—	$	24,002,650
Brazil		3,779,564		—		—		3,779,564
Canada		10,464,857		—		—		10,464,857
China		2,463,211		1,284,271		—		3,747,482
Denmark		—		3,167,012		—		3,167,012
France		11,221,943		20,180,487		—		31,402,430
Germany		6,581,624		7,861,327		—		14,442,951
Hong Kong		—		7,731,481		—		7,731,481
India		607,105		1,459,450		—		2,066,555
Indonesia		348,666		—		—		348,666
Ireland		637,234		—		—		637,234

Invesco International Core Equity Fund


	Level 1		Level 2		Level 3		Total

Italy		4,916,271		—		—		4,916,271
Japan		15,864,471		52,417,244		—		68,281,715
Mexico		653,744		—		—		653,744
Norway		—		8,496,957		—		8,496,957
Poland		—		586,606		—		586,606
Russia		1,178,970		819,917		—		1,998,887
South Africa		—		2,871,507		—		2,871,507
South Korea		1,783,407		4,241,586		—		6,024,993
Spain		6,714,984		6,839,023		—		13,554,007
Switzerland		—		20,841,546		—		20,841,546
Taiwan		1,458,790		384,502		—		1,843,292
Thailand		—		1,199,153		—		1,199,153
Turkey		321,065		—		—		321,065
United Kingdom		17,344,327		30,295,053		—		47,639,380
United States		11,664,725		—		—		11,664,725

Total Investments	$	102,973,010	$	189,711,720	$	—	$	292,684,730

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended January 31, 2012 was $14,514,988 and $15,241,157, 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	$	36,680,180

Aggregate unrealized (depreciation) of investment securities		(31,934,889	)

Net unrealized appreciation of investment securities	$	4,745,291

Cost of investments for tax purposes is $287,939,439.

Invesco International Core Equity Fund

Schedule of Investments
January 31, 2012
(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests—87.97%
Australia—5.29%
BHP Billiton Ltd.		1,790,464	$	71,118,034
Brambles Ltd.		9,012,620		69,551,335
CSL Ltd.		1,235,912		40,840,088
WorleyParsons Ltd.		2,442,264		70,748,321

				252,257,778

Belgium—1.81%
Anheuser-Busch InBev N.V.		1,424,261		86,459,041

Brazil—2.58%
Banco Bradesco S.A. -ADR		4,634,446		82,863,895
Petroleo Brasileiro S.A. -ADR		1,438,122		40,166,747

				123,030,642

Canada—6.05%
Agrium Inc.		519,333		41,860,477
Canadian National Railway Co.		508,539		38,353,415
Canadian Natural Resources Ltd.		995,985		39,450,064
Cenovus Energy Inc.		1,260,193		45,981,713
CGI Group Inc. —Class A		58,610		1,183,539
Fairfax Financial Holdings Ltd.		98,920		40,148,025
Suncor Energy, Inc.		2,360,484		81,303,468

				288,280,701

China—1.34%
Industrial & Commercial Bank of China Ltd. -Class H		91,098,000		63,783,753

Denmark—1.21%
Novo Nordisk A.S. -Class B		488,395		57,816,451

France—6.36%
BNP Paribas S.A.		860,420		36,822,173
Cap Gemini S.A.		1,019,290		37,309,875
Cie Generale des Etablissements Michelin -Class B		411,545		28,212,876
Danone S.A.		890,318		54,948,629
Eutelsat Communications S.A.		774,369		28,740,318
L’Oreal S.A.		274,937		29,240,507
Publicis Groupe S.A.		503,449		25,326,344
Schneider Electric S.A.		497,299		31,014,540
Total S.A.		591,034		31,235,993

				302,851,255

Germany—4.80%
Adidas AG		991,650		71,532,514
Bayer AG		353,163		24,766,891
Fresenius Medical Care AG & Co. KGaA		789,558		56,373,927
SAP AG		1,255,897		75,876,926

				228,550,258

Hong Kong—2.36%
China Mobile Ltd.		5,259,000		53,696,159
Hutchison Whampoa Ltd.		6,199,000		58,684,835

				112,380,994

Israel—1.84%
Teva Pharmaceutical Industries Ltd. -ADR		1,940,152		87,559,060

Japan—8.92%
Canon Inc.		1,794,400		77,718,336
Denso Corp.		1,825,600		54,511,543
FANUC Corp.		273,600		46,258,560
Keyence Corp.		177,800		44,421,232
Komatsu Ltd.		1,147,345		32,221,926
Nidec Corp.		449,602		43,055,157
Toyota Motor Corp.		1,445,100		53,483,231
Yamada Denki Co., Ltd.		1,149,287		73,272,135

				424,942,120

Mexico—3.26%
America Movil S.A.B. de C.V. -Series L -ADR		2,470,495		57,340,189
Fomento Economico Mexicano, S.A.B. de C.V. -ADR		830,970		58,600,004
Grupo Televisa S.A.B. -ADR		1,989,051		39,224,086

				155,164,279

Netherlands—2.23%
Koninklijke Ahold N.V.		3,527,682		46,741,928
Unilever N.V.		1,783,681		59,376,243

				106,118,171

Russia—1.31%
Gazprom OAO -ADR		3,905,605		47,257,821
VimpelCom Ltd. -ADR		1,426,396		15,205,381

				62,463,202

Singapore—2.65%
Keppel Corp. Ltd.		8,186,548		70,371,819
United Overseas Bank Ltd.		4,047,000		55,787,408

				126,159,227

South Korea—2.34%
Hyundai Mobis		213,330		52,607,954
NHN Corp.		312,925		59,060,324

				111,668,278

Spain—0.66%
Amadeus IT Holding S.A.—Class A		1,836,467		31,467,495

Sweden—2.99%
Kinnevik Investment AB -Class B		1,125,591		23,575,557
Swedbank AB -Class A		3,057,142		44,007,454
Telefonaktiebolaget LM Ericsson -Class B		5,038,419		46,848,172

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

Invesco International Growth Fund


	Shares		Value

Sweden—(continued)
Volvo AB -Class B		2,155,406	$	28,072,104

				142,503,287

Switzerland—7.79%
ABB Ltd. ^(a)		2,680,268		55,807,386
Julius Baer Group Ltd. ^(a)		1,220,695		49,706,250
Nestle S.A.		1,244,521		71,380,010
Novartis AG		1,339,655		72,695,593
Roche Holding AG		329,615		55,801,387
Syngenta AG ^(a)		216,980		65,828,458

				371,219,084

Taiwan—1.35%
Taiwan Semiconductor Manufacturing Co. Ltd.		24,172,887		64,165,679

Turkey—0.70%
Akbank T.A.S.		8,916,860		33,523,539

United Kingdom—20.13%
BG Group PLC		3,445,744		77,384,519
British American Tobacco PLC		1,552,964		71,498,612
British Sky Broadcasting Group PLC		1,388,899		15,139,148
Centrica PLC		9,042,312		41,899,310
Compass Group PLC		10,864,190		100,848,365
GlaxoSmithKline PLC		1,633,476		36,298,450
Imperial Tobacco Group PLC		2,524,117		90,391,182
Informa PLC		6,502,274		40,129,838
International Power PLC		6,111,312		32,364,927
Kingfisher PLC		10,811,100		43,628,346
Next PLC		1,361,059		56,178,309
Reed Elsevier PLC		8,011,289		66,371,178
Royal Dutch Shell PLC -Class B		1,815,215		66,418,702
Shire PLC		1,182,722		39,255,206
Smith & Nephew PLC		4,341,742		42,176,584
Tesco PLC		7,701,505		38,791,680
Vodafone Group PLC		18,378,578		49,681,660
WPP PLC		4,312,464		50,795,065

				959,251,081

Total Common Stocks & Other Equity Interests (Cost $3,392,826,443)				4,191,615,375

Preferred Stocks—1.11%
Germany—1.11%
Volkswagen AG -1.63% Pfd. (Cost $55,081,654)		298,753		52,997,571
Money Market Funds—10.95%
Liquid Assets Portfolio—Institutional Class ^(b)		260,980,244		260,980,244
Premier Portfolio—Institutional Class ^(b)		260,980,244		260,980,244

Total Money Market Funds (Cost $521,960,488)				521,960,488

TOTAL INVESTMENTS—100.03% (Cost $3,969,868,585)				4,766,573,434

OTHER ASSETS LESS LIABILITIES—(0.03)%				(1,621,878	)

NET ASSETS—100.00%			$	4,764,951,556

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 International Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2012
(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco International Growth Fund

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

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

Invesco International Growth Fund

NOTE 2 — Additional Valuation Information

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

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

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


	Level 1*		Level 2*		Level 3		Total

Australia	$	181,139,744	$	71,118,034	$	—	$	252,257,778
Belgium		—		86,459,041		—		86,459,041
Brazil		123,030,642		—		—		123,030,642
Canada		288,280,701		—		—		288,280,701
China		63,783,753		—		—		63,783,753
Denmark		—		57,816,451		—		57,816,451
France		169,491,791		133,359,464		—		302,851,255
Germany		75,876,926		205,670,903		—		281,547,829
Hong Kong		—		112,380,994		—		112,380,994
Israel		87,559,060		—		—		87,559,060
Japan		116,327,292		308,614,828		—		424,942,120
Mexico		155,164,279		—		—		155,164,279
Netherlands		106,118,171		—		—		106,118,171
Russia		62,463,202		—		—		62,463,202
Singapore		55,787,408		70,371,819		—		126,159,227
South Korea		111,668,278		—		—		111,668,278
Spain		31,467,495		—		—		31,467,495
Sweden		46,848,172		95,655,115		—		142,503,287
Switzerland		55,801,387		315,417,697		—		371,219,084
Taiwan		64,165,679		—		—		64,165,679
Turkey		33,523,539		—		—		33,523,539
United Kingdom		363,895,677		595,355,404		—		959,251,081
United States		521,960,488		—		—		521,960,488

Total Investments	$	2,714,353,684	$	2,052,219,750	$	—	$	4,766,573,434


*		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 March 21, 2012, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of March 21, 2012, 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.


	OMB APPROVAL
	OMB Number: 3235-0578
	Expires: April 30, 2013
	Estimated average burden hours per response: 5.6


	Shares		Value

Money Market Funds—7.15%
Liquid Assets Portfolio—Institutional Class ^(c)		18,879,749	$	18,879,749

Premier Portfolio—Institutional Class ^(c)		18,879,750		18,879,750

Total Money Market Fund (Cost $37,759,499)				37,759,499

TOTAL INVESTMENTS—100.04% (Cost $396,113,968)				528,076,100

OTHER ASSETS LESS LIABILITIES—(0.04)%				(216,560	)

NET ASSETS—100.00%			$	527,859,540


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

Date:		March 30, 2012


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

Date:		March 30, 2012

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

Date:		March 30, 2012


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

Aggregate unrealized appreciation of investment securities	$	178,975,366

Aggregate unrealized (depreciation) of investment securities		(42,280,989	)

Net unrealized appreciation of investment securities	$	136,694,377

Cost of investments for tax purposes is $635,824,346.


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

Aggregate unrealized appreciation of investment securities	$	49,110,371

Aggregate unrealized (depreciation) of investment securities		(11,750,802	)

Net unrealized appreciation of investment securities	$	37,359,569

Cost of investments for tax purposes is $277,381,745.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	126,443,230

Aggregate unrealized (depreciation) of investment securities		(27,585,122	)

Net unrealized appreciation of investment securities	$	98,858,108

Cost of investments for tax purposes is $475,279,551.


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 January 31, 2012 was $1,711,106, which represented 0.59% of the Fund’s Net Assets.

^(c)		All or a portion of this security was out on loan at January 31, 2012.

^(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	$	887,295,500

Aggregate unrealized (depreciation) of investment securities		(94,689,022	)

Net unrealized appreciation of investment securities	$	792,606,478

Cost of investments for tax purposes is $3,973,966,956.