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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811-06463

AIM International Mutual Funds (Invesco International Mutual Funds)

(Exact name of registrant as specified in charter)

11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Address of principal executive offices) (Zip code)

Philip A. Taylor 11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 626-1919

Date of fiscal year end: 10/31

Date of reporting period: 7/31/12

Item 1. Schedule of Investments.

Invesco Asia Pacific Growth Fund

Quarterly Schedule of Portfolio Holdings

July 31, 2012




		invesco.com/us APG-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–90.63%

Australia–11.88%

BHP Billiton Ltd.		348,934	$	11,575,943
Brambles Ltd.		1,435,218		9,348,384
Coca-Cola Amatil Ltd.		523,734		7,647,749
Computershare Ltd.		1,058,673		8,481,826
CSL Ltd.		351,699		15,685,737
QBE Insurance Group Ltd.		318,804		4,663,124
WorleyParsons Ltd.		392,928		10,685,214
				68,087,977

China–20.34%

Anta Sports Products Ltd.		6,320,000		3,526,925
Baidu, Inc. -ADR^(a)		50,199		6,049,983
Belle International Holdings Ltd.		3,614,000		6,656,495
China Mobile Ltd.		1,083,500		12,656,057
CNOOC Ltd. -ADR		79,884		16,000,765
Franshion Properties China Ltd.		19,030,000		5,855,134
Industrial & Commercial Bank of China Ltd. -Class H		34,293,000		19,565,905
Lee & Man Paper Manufacturing Ltd.		17,494,000		7,124,985
Minth Group Ltd.		6,150,000		6,282,736
NetEase, Inc. -ADR^(a)		86,073		4,545,515
Stella International Holdings Ltd.		5,804,500		14,474,442
Vinda International Holdings Ltd.		4,059,000		6,667,617
Want Want China Holdings Ltd.		4,494,000		5,428,355
Zhongsheng Group Holdings Ltd.		1,655,000		1,769,266
				116,604,180

Hong Kong–4.98%

Cheung Kong (Holdings) Ltd.		754,000		9,871,449
Dickson Concepts (International) Ltd.		1,930,000		1,035,360
Galaxy Entertainment Group Ltd. ^(a)		1,520,000		3,636,451
Hongkong Land Holdings Ltd.		646,000		3,861,438
Hutchison Whampoa Ltd.		1,105,000		9,912,107
Paliburg Holdings Ltd.		739,240		223,070
				28,539,875

Indonesia–9.03%

PT Bank Central Asia Tbk		7,596,500		6,392,878
PT Indocement Tunggal Prakarsa Tbk		2,266,500		5,118,014
PT Perusahaan Gas Negara Persero Tbk		24,594,500		9,838,073
PT Summarecon Agung Tbk		78,307,500		13,346,075
PT Telekomunikasi Indonesia Persero Tbk		17,800,000		17,048,245
				51,743,285

Malaysia–7.22%

Kossan Rubber Industries Berhad		15,446,800		15,641,704
Parkson Holdings Berhad		7,066,877		10,936,086
Public Bank Berhad		3,220,000		14,791,120
				41,368,910


	Shares		Value

Philippines–14.51%

Ayala Corp.		1,017,510	$	10,538,308
Energy Development Corp.		55,628,500		8,047,263
Energy Development Corp. ^(b)		2,918,750		422,229
First Gen Corp. ^(a)		37,541,389		17,240,690
First Gen Corp. ^(a)(b)		1,919,100		881,337
GMA Holdings, Inc. –PDR ^(a)		46,635,500		11,481,569
GMA Holdings, Inc. -PDR ^(a)(b)		1,468,000		361,419
Manila Water Co.		8,141,700		5,078,027
Philippine Long Distance Telephone Co.		249,830		16,392,616
SM Investments Corp.		710,065		12,719,274
				83,162,732

Singapore–4.13%

Keppel Corp. Ltd.		1,480,200		13,230,585
United Overseas Bank Ltd.		653,000		10,446,510
				23,677,095

South Korea–6.89%

Hyundai Department Store Co., Ltd.		70,137		7,864,222
Hyundai Mobis		37,397		9,843,078
MegaStudy Co., Ltd.		28,197		1,704,919
NHN Corp.		65,220		15,811,288
S1 Corp.		84,826		4,304,688
				39,528,195

Taiwan–2.65%

Taiwan Semiconductor Manufacturing Co. Ltd.		5,677,464		15,197,475

Thailand–9.00%

BEC World PCL		437,500		779,303
CP ALL PCL		1,730,600		1,873,751
Kasikornbank PCL		3,575,300		20,005,181
Major Cineplex Group PCL		13,608,000		8,130,980
Siam Commercial Bank PCL		2,858,300		14,512,547
Thai Stanley Electric PCL -Class F		960,700		6,290,467
				51,592,229
Total Common Stocks & Other Equity Interests (Cost $362,065,496)				519,501,953

Money Market Funds–8.21%

Liquid Assets Portfolio – Institutional Class ^(c)		23,535,353		23,535,353
Premier Portfolio – Institutional Class ^(c)		23,535,353		23,535,353
Total Money Market Funds (Cost $47,070,706)				47,070,706
TOTAL INVESTMENTS–98.84% (Cost $409,136,202)				566,572,659
OTHER ASSETS LESS LIABILITIES–1.16%				6,626,908
NET ASSETS–100.00%			$	573,199,567

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

Invesco Asia Pacific Growth Fund

Investment Abbreviations:


ADR	—	American Depositary Receipt
PDR	—	Philippine Depositary Receipt

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 aggregate value of these securities at July 31, 2012 was $1,664,985, which represented 0.29% 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 Asia Pacific Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings

July 31, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

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

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

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

Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. 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 July 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.

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


	Level 1		Level 2		Level 3		Total
Australia	$	—	$	68,087,977	$	—	$	68,087,977
China		28,365,529		88,238,651		—		116,604,180
Hong Kong		1,258,430		27,281,445		—		28,539,875
Indonesia		—		51,743,285		—		51,743,285
Malaysia		30,432,824		10,936,086		—		41,368,910
Philippines		11,842,988		71,319,744		—		83,162,732
Singapore		—		23,677,095		—		23,677,095
South Korea		—		39,528,195		—		39,528,195
Taiwan		—		15,197,475		—		15,197,475
Thailand		14,512,547		37,079,682		—		51,592,229
United States		47,070,706		—		—		47,070,706
Total Investments	$	133,483,024	$	433,089,635	$	—	$	566,572,659

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, 2012 was $48,951,342 and $79,191,065, 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	$	176,752,547
Aggregate unrealized (depreciation) of investment securities		(20,034,129)
Net unrealized appreciation of investment securities	$	156,718,418
Cost of investments for tax purposes is $409,854,241.

Invesco Asia Pacific Growth Fund


		Invesco European Growth Fund
		Quarterly Schedule of Portfolio Holdings
		July 31, 2012




		invesco.com/us EGR-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–90.34%

Austria–1.10%

Andritz AG		157,282	$	8,580,881

Belgium–3.72%

Anheuser-Busch InBev N.V.		275,221		21,749,174
S.A. D’Ieteren N.V.		174,298		7,232,698
				28,981,872

Denmark–1.36%

Novo Nordisk A.S. -Class B		68,647		10,603,759

France–5.52%

Cap Gemini S.A.		155,465		5,654,679
Cie Generale des Etablissements Michelin		79,796		5,394,441
Danone S.A.		99,377		6,036,996
Faurecia		292,393		4,609,691
Publicis Groupe S.A.		167,071		8,208,340
SA des Ciments Vicat (Vicat)		120,940		5,086,992
Schneider Electric S.A.		142,965		8,035,274
				43,026,413

Germany–7.26%

Brenntag AG		40,878		4,474,066
Deutsche Boerse AG		119,315		5,939,023
Fresenius Medical Care AG & Co. KGaA		141,770		10,277,271
SAP AG		244,744		15,574,855
Volkswagen AG -Preference Shares		67,453		11,507,127
Wirecard AG		446,828		8,835,963
				56,608,305

Greece–0.34%

Jumbo S.A. ^(a)		716,646		2,660,374

Ireland–4.88%

DCC PLC		494,412		12,255,035
Paddy Power PLC		185,577		12,465,427
Shire PLC		129,071		3,715,963
WPP PLC		760,802		9,579,946
				38,016,371

Israel–0.84%

Israel Chemicals Ltd.		556,786		6,565,461

Italy–0.36%

Ansaldo STS S.p.A.		364,856		2,792,335


	Shares		Value

Netherlands–2.42%

Aalberts Industries N.V.		208,593	$	3,278,890
Koninklijke Ahold N.V.		458,224		5,565,080
Unilever N.V.		289,429		10,028,116
				18,872,086

Norway–4.27%

Prosafe S.E.		2,304,988		16,791,160
TGS Nopec Geophysical Co. A.S.A.		565,823		16,485,048
				33,276,208

Russia–1.18%

Gazprom OAO -ADR		595,285		5,471,304
VimpelCom Ltd. -ADR		444,629		3,730,437
				9,201,741

Spain–1.23%

Construcciones y Auxiliar de Ferrocarriles S.A.		11,378		5,087,695
Prosegur, Compania de Seguridad S.A.		986,291		4,525,335
				9,613,030

Sweden–5.69%

Intrum Justitia AB		810,101		11,246,678
Investment AB Kinnevik -Class B		403,826		8,287,378
Investor AB -Class B		210,639		4,372,765
Swedbank AB -Class A		576,007		10,040,039
Telefonaktiebolaget LM Ericsson -Class B		651,005		6,027,903
Volvo AB -Class B		358,896		4,398,374
				44,373,137

Switzerland–12.39%

ABB Ltd. ^(a)		450,012		7,825,525
Aryzta AG ^(a)		449,957		22,319,770
Dufry AG ^(a)		132,312		16,075,382
Julius Baer Group Ltd.^(a)		210,230		7,500,434
Nestle S.A.		204,581		12,568,105
Novartis AG		148,122		8,679,163
Roche Holding AG		58,588		10,372,545
Syngenta AG		33,130		11,279,070
				96,619,994

Turkey–3.35%

Haci Omer Sabanci Holding A.S.		3,826,299		16,733,231
Tupras-Turkiye Petrol Rafinerileri A.S.		427,216		9,398,750
				26,131,981

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

Invesco European Growth Fund


	Shares		Value

United Kingdom–34.43%
Amlin PLC		2,260,983	$	13,310,969
Balfour Beatty PLC		2,383,493		10,809,762
BG Group PLC		545,727		10,723,098
British American Tobacco PLC		321,997		17,100,501
British Sky Broadcasting Group PLC		422,775		4,721,134
Bunzl PLC		768,677		13,394,864
Centrica PLC		1,627,987		8,069,371
Chemring Group PLC		1,447,825		6,528,417
Compass Group PLC		1,911,736		20,448,461
GlaxoSmithKline PLC		116,993		2,687,106
Homeserve PLC		2,134,883		6,935,708
IG Group Holdings PLC		2,002,117		14,033,712
Imperial Tobacco Group PLC		435,860		16,911,597
Informa PLC		2,591,598		14,952,913
Kingfisher PLC		2,506,382		10,428,908
Lancashire Holdings Ltd.		697,863		8,546,881
Micro Focus International PLC		1,286,386		10,813,381
Mitie Group PLC		1,342,838		5,695,521
Next PLC		233,536		11,741,755
Reed Elsevier PLC		1,524,117		12,803,390
Royal Dutch Shell PLC -Class B		360,177		12,658,117
Smiths Group PLC		491,182		8,185,899
Tesco PLC		459,347		2,286,129
UBM PLC		603,966		6,042,290
Ultra Electronics Holdings PLC		504,333		11,595,231
William Hill PLC		1,439,895		7,073,800
				268,498,915
Total Common Stocks & Other Equity Interests (Cost $560,813,090)				704,422,863

Money Market Funds–9.20%
Liquid Assets Portfolio – Institutional Class ^(b)		35,875,685		35,875,685
Premier Portfolio – Institutional Class ^(b)		35,875,685		35,875,685
Total Money Market Funds (Cost $71,751,370)				71,751,370
TOTAL INVESTMENTS–99.54% (Cost $632,564,460)				776,174,233
OTHER ASSETS LESS LIABILITIES–0.46%				3,555,905
NET ASSETS–100.00%			$	779,730,138

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, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco European Growth Fund

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

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	$	—	$	8,580,881	$	—	$	8,580,881
Belgium		—		28,981,872		—		28,981,872
Denmark		10,603,759		—		—		10,603,759
France		—		43,026,413		—		43,026,413
Germany		5,939,023		50,669,282		—		56,608,305
Greece		—		2,660,374		—		2,660,374
Ireland		—		38,016,371		—		38,016,371
Israel		—		6,565,461		—		6,565,461
Italy		—		2,792,335		—		2,792,335
Netherlands		—		18,872,086		—		18,872,086
Norway		—		33,276,208		—		33,276,208
Russia		3,730,437		5,471,304		—		9,201,741
Spain		—		9,613,030		—		9,613,030
Sweden		10,040,039		34,333,098		—		44,373,137
Switzerland		—		96,619,994		—		96,619,994
Turkey		—		26,131,981		—		26,131,981
United Kingdom		4,721,134		263,777,781		—		268,498,915
United States		71,751,370		—		—		71,751,370
Total Investments		106,785,762	$	669,388,471	$	—	$	776,174,233

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

Invesco European 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, 2012 was $53,494,679 and $139,550,884, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	193,752,358
Aggregate unrealized (depreciation) of investment securities		(50,340,039)
Net unrealized appreciation of investment securities	$	143,412,319
Cost of investments for tax purposes is $632,761,914.

Invesco European Growth Fund



		Invesco Global Growth Fund
		Quarterly Schedule of Portfolio Holdings
		July 31, 2012




		invesco.com/us GLG-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–96.07%

Australia–3.80%

BHP Billiton Ltd.		100,700	$	3,340,739
Brambles Ltd.		395,475		2,575,952
CSL Ltd.		41,604		1,855,534
WorleyParsons Ltd.		146,847		3,993,331
				11,765,556

Belgium–2.13%

Anheuser-Busch InBev N.V.		83,325		6,584,708

Brazil–2.09%

Banco Bradesco S.A. -ADR		276,341		4,239,071
Cielo S.A.		76,560		2,236,236
				6,475,307

Canada–2.81%

CGI Group Inc. -Class A ^(a)		106,923		2,519,034
Potash Corp. of Saskatchewan Inc.		51,188		2,265,949
Suncor Energy, Inc.		127,319		3,891,925
				8,676,908

China–3.59%

Baidu, Inc. -ADR ^(a)		23,057		2,778,830
China Mobile Ltd.		235,000		2,744,968
CNOOC Ltd.		1,115,000		2,241,461
Industrial & Commercial Bank of China Ltd. - Class H		5,840,000		3,332,018
				11,097,277

Denmark–0.88%

Novo Nordisk A.S. -Class B		17,570		2,714,001

France–4.31%

Cap Gemini S.A.		61,040		2,220,188
Cie Generale des Etablissements Michelin		25,851		1,747,603
Danone S.A.		37,953		2,305,585
L’Oreal S.A.		16,632		1,989,327
Publicis Groupe S.A.		39,622		1,946,662
Schneider Electric S.A.		55,579		3,123,789
				13,333,154

Germany–5.29%

Adidas AG		64,538		4,838,096
Fresenius Medical Care AG & Co. KGaA		36,172		2,622,201
SAP AG		83,428		5,309,135
Volkswagen AG -Preference Shares		21,022		3,586,242
				16,355,674

Hong Kong–1.32%

Galaxy Entertainment Group Ltd. ^(a)		877,000		2,098,136


	Shares		Value

Hong Kong–(continued)

Hutchison Whampoa Ltd.		222,000	$	1,991,392
				4,089,528

Ireland–1.32%

WPP PLC		324,397		4,084,776

Israel–2.54%

Check Point Software Technologies Ltd. ^(a)		41,635		2,022,212
Teva Pharmaceutical Industries Ltd. -ADR		142,462		5,825,271
				7,847,483

Japan–5.36%

Canon Inc.		93,600		3,132,679
Fanuc Corp.		11,900		1,843,910
Keyence Corp.		13,600		3,385,541
Komatsu Ltd.		69,300		1,533,828
Nidec Corp.		21,800		1,717,053
Toyota Motor Corp.		45,800		1,750,904
Yamada Denki Co., Ltd.		61,660		3,201,488
				16,565,403

Mexico–2.53%

America Movil S.A.B de C.V. -Series L -ADR		123,126		3,286,233
Grupo Televisa S.A.B. -ADR		199,008		4,535,392
				7,821,625

Netherlands–1.80%

Koninklijke Ahold N.V.		100,791		1,224,096
Unilever N.V.		125,785		4,358,190
				5,582,286

Russia–0.53%

Gazprom OAO -ADR		177,640		1,632,701

Singapore–0.70%

United Overseas Bank Ltd.		136,000		2,175,690

South Korea–2.25%

Hyundai Mobis		16,394		4,314,983
NHN Corp.		10,935		2,650,973
				6,965,956

Spain–1.31%

Amadeus IT Holding S.A. - Class A		187,452		4,038,357

Sweden–2.49%

Swedbank AB -Class A		184,526		3,216,364
Telefonaktiebolaget LM Ericsson - Class B		307,159		2,844,102
Volvo AB -Class B		134,692		1,650,689
				7,711,155

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

Invesco Global Growth Fund


	Shares		Value

Switzerland–5.99%

ABB Ltd. ^(a)		177,654	$	3,089,331
Julius Baer Group Ltd. ^(a)		68,987		2,461,268
Nestle S.A.		37,710		2,316,653
Novartis AG		53,446		3,131,652
Roche Holding AG		20,548		3,637,862
Syngenta AG		11,471		3,905,289
				18,542,055

Taiwan–0.80%

Taiwan Semiconductor Manufacturing Co. Ltd.		924,428		2,474,515

United Kingdom–12.87%

BG Group PLC		199,030		3,910,780
British American Tobacco PLC		53,249		2,827,929
British Sky Broadcasting Group PLC		113,107		1,263,067
Centrica PLC		411,347		2,038,905
Compass Group PLC		442,825		4,736,580
Imperial Tobacco Group PLC		156,585		6,075,580
Kingfisher PLC		925,114		3,849,345
Next PLC		76,863		3,864,528
Reed Elsevier PLC		579,919		4,871,627
Royal Dutch Shell PLC -Class B		113,361		3,983,977
Smith & Nephew PLC		233,840		2,388,161
				39,810,479

United States–29.36%

Accenture PLC -Class A		67,613		4,077,064
Amazon.com, Inc. ^(a)		7,477		1,744,384
Amphenol Corp. -Class A		30,715		1,808,499
Apple Inc. ^(a)		18,573		11,343,646
Broadcom Corp. -Class A ^(a)		41,695		1,412,627
Cameron International Corp. ^(a)		60,142		3,023,338
Cardinal Health, Inc.		80,829		3,482,922
Celgene Corp. ^(a)		35,959		2,461,753
Chubb Corp. (The)		24,686		1,794,425
Cisco Systems, Inc.		216,407		3,451,692
Comcast Corp. -Class A		98,533		3,207,249
Costco Wholesale Corp.		25,328		2,436,047
Deckers Outdoor Corp. ^(a)		29,330		1,223,354
DIRECTV -Class A ^(a)		76,800		3,813,888
EMC Corp. ^(a)		144,306		3,782,260
Express Scripts Holding Co. ^(a)		38,219		2,214,409
Exxon Mobil Corp.		17,404		1,511,537
First Republic Bank		78,187		2,543,423
Gilead Sciences, Inc. ^(a)		93,588		5,084,636
Google Inc. -Class A ^(a)		7,471		4,728,919
Home Depot, Inc. (The)		39,339		2,052,709
Ingersoll-Rand PLC		72,007		3,053,817
JPMorgan Chase & Co.		44,444		1,599,984
Macy’s, Inc.		70,867		2,539,873
Microsoft Corp.		182,314		5,372,794
Mosaic Co. (The)		33,304		1,935,295
Occidental Petroleum Corp.		38,349		3,337,514
QUALCOMM, Inc.		38,587		2,302,872


	Shares		Value

United States–(continued)

Scripps Networks Interactive -Class A		52,821	$	2,844,411
Visa Inc. -Class A		4,881		629,991
				90,815,332
Total Common Stocks & Other Equity Interests (Cost $262,966,513)				297,159,926

Money Market Funds–4.15%

Liquid Assets Portfolio – Institutional Class ^(b)		6,412,845		6,412,845
Premier Portfolio – Institutional Class ^(b)		6,412,846		6,412,846
Total Money Market Funds (Cost $12,825,691)				12,825,691
TOTAL INVESTMENTS–100.22% (Cost $275,792,204)				309,985,617
OTHER ASSETS LESS LIABILITIES–(0.22)%				(687,332)
NET ASSETS–100.00%			$	309,298,285

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 Global Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings

July 31, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

A.	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.

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

Level 3


	Level 1*		Level 2*		Level 3		Total
Australia	$	—	$	11,765,556	$	—	$	11,765,556
Belgium		—		6,584,708		—		6,584,708
Brazil		6,475,307		—		—		6,475,307
Canada		8,676,908		—		—		8,676,908
China		2,778,830		8,318,447		—		11,097,277
Denmark		2,714,001		—		—		2,714,001
France		—		13,333,154		—		13,333,154
Germany		—		16,355,674		—		16,355,674
Hong Kong		—		4,089,528		—		4,089,528
Ireland		—		4,084,776		—		4,084,776
Israel		7,847,483		—		—		7,847,483
Japan		—		16,565,403		—		16,565,403
Mexico		7,821,625		—		—		7,821,625
Netherlands		—		5,582,286		—		5,582,286
Russia		—		1,632,701		—		1,632,701
Singapore		—		2,175,690		—		2,175,690
South Korea		—		6,965,956		—		6,965,956
Spain		—		4,038,357		—		4,038,357
Sweden		3,216,364		4,494,791		—		7,711,155
Switzerland		—		18,542,055		—		18,542,055
Taiwan		—		2,474,515		—		2,474,515
United Kingdom		1,263,067		38,547,412		—		39,810,479
United States		103,641,023		—		—		103,641,023
Total Investments	$	144,434,608	$	165,551,009	$	—	$	309,985,617

*	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, 2012 was $60,307,276 and $55,079,664, 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	$	50,273,160
Aggregate unrealized (depreciation) of investment securities		(16,119,537)
Net unrealized appreciation of investment securities	$	34,153,623
Cost of investments for tax purposes is $275,831,994.

NOTE 4 — Subsequent Event

Effective September 24, 2012, Institutional Class shares will be renamed Class R5 shares and the Fund will begin offering Class R6 shares.

Invesco Global Growth Fund

Invesco Global Small & Mid Cap Growth Fund

Quarterly Schedule of Portfolio Holdings

July 31, 2012




		invesco.com/us GSMG-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–92.04%

Australia–1.13%

Computershare Ltd.		779,807	$	6,247,620

Belgium–0.55%

S.A. D’Ieteren N.V.		73,620		3,054,948

Brazil–5.86%

CETIP S.A. -Mercados Organizados		298,000		3,754,067
Cielo S.A.		535,155		15,631,308
Companhia de Transmissao de Energia Eletrica Paulista -Preference Shares		151,500		4,276,639
Companhia de Transmissao de Energia Eletrica Paulista -Rts.^(a)		1,286		188
Duratex S.A.		1,484,540		8,652,094
				32,314,296

Canada–8.76%

Celtic Exploration Ltd. ^(a)		299,763		5,233,151
Fairfax Financial Holdings Ltd.		20,671		7,779,962
MacDonald, Dettwiler and Associates Ltd.		77,012		4,219,152
Onex Corp.		302,723		11,520,376
Open Text Corp. ^(a)		102,645		4,636,934
Paramount Resources Ltd. - Class A ^(a)		296,410		7,985,043
Precision Drilling Corp. ^(a)		870,962		6,929,488
				48,304,106

China–2.46%

Anta Sports Products Ltd.		6,417,000		3,581,057
Lee & Man Paper Manufacturing Ltd.		12,159,000		4,952,137
NetEase, Inc. -ADR^(a)		94,877		5,010,454
				13,543,648

France–0.61%

Faurecia		213,682		3,368,781

Germany–1.46%

Brenntag AG		29,717		3,252,503
Deutsche Boerse AG		96,354		4,796,117
				8,048,620

Hong Kong–0.54%

Hongkong Land Holdings Ltd.		497,000		2,970,797

Indonesia–0.96%

PT Perusahaan Gas Negara Persero Tbk		13,276,500		5,310,748

Ireland–2.29%

DCC PLC		366,961		9,095,896
Shire PLC		123,205		3,547,080
				12,642,976


	Shares		Value

Israel–0.85%

Israel Chemicals Ltd.		397,000	$	4,681,310

Japan–2.73%

EXEDY Corp.		466,400		9,251,783
THK Co., Ltd.		328,400		5,811,484
				15,063,267

Mexico–1.09%

America Movil S.A.B. de C.V. -ADR		225,506		6,018,755

Philippines–5.36%

Ayala Corp.		2,146,589		22,232,131
Energy Development Corp. ^(b)		6,577,500		951,506
Energy Development Corp.		44,094,600		6,378,760
				29,562,397

Russia–0.56%

VimpelCom Ltd. -ADR		370,246		3,106,364

South Africa–2.72%

AngloGold Ashanti Ltd. -ADR		87,789		2,985,704
Naspers Ltd. -Class N		221,481		11,989,789
				14,975,493

South Korea–1.67%

NHN Corp.		38,058		9,226,403

Spain–0.64%

Prosegur Compania de Seguridad S.A.		769,388		3,530,133

Sweden–1.10%

Investment AB Kinnevik -Class B		294,904		6,052,064

Switzerland–1.96%

Aryzta AG ^(a)		217,713		10,799,485

Tanzania–0.91%

African Barrick Gold Ltd.		851,597		4,990,961

Thailand–2.12%

Siam Commercial Bank PCL		2,302,100		11,688,533

Turkey–2.86%

Haci Omer Sabanci Holding A.S.		1,770,697		7,743,640
Tupras-Turkiye Petrol Rafinerileri A.S.		363,635		7,999,968
				15,743,608

United Kingdom–15.34%

Bunzl PLC		443,869		7,734,802
Chemring Group PLC		955,565		4,308,758
Compass Group PLC		611,853		6,544,550
Homeserve PLC		1,650,642		5,362,528

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	$	11,382,337
Informa PLC		1,662,227		9,590,660
Lancashire Holdings Ltd.		637,330		7,805,520
Micro Focus International PLC		1,105,815		9,295,498
Smiths Group PLC		396,534		6,608,522
UBM PLC		424,848		4,250,330
Ultra Electronics Holdings PLC		266,074		6,117,366
William Hill PLC		1,137,590		5,588,661
				84,589,532

United States–27.51%

Affiliated Managers Group, Inc. ^(a)		36,572		4,081,069
Agilent Technologies, Inc.		62,693		2,400,515
Albemarle Corp.		47,549		2,768,303
Allegheny Technologies, Inc.		55,850		1,677,175
Alliance Data Systems Corp. ^(a)		12,619		1,640,470
American Eagle Outfitters, Inc.		216,858		4,514,984
AMETEK, Inc.		106,170		3,291,270
Amphenol Corp. -Class A		61,518		3,622,180
Avago Technologies Ltd.		73,310		2,712,470
Avnet, Inc. ^(a)		94,925		2,990,137
B/E Aerospace, Inc. ^(a)		66,986		2,627,861
BioMarin Pharmaceutical Inc. ^(a)		70,697		2,777,685
Cameron International Corp. ^(a)		30,319		1,524,136
Chipotle Mexican Grill, Inc. ^(a)		11,082		3,239,601
Church & Dwight Co., Inc.		53,856		3,102,644
Cinemark Holdings, Inc.		192,126		4,491,906
Citrix Systems, Inc. ^(a)		30,863		2,243,123
Cognizant Technology Solutions Corp. -Class A ^(a)		52,124		2,959,079
DaVita, Inc. ^(a)		36,224		3,565,166
Dick’s Sporting Goods, Inc.		88,627		4,353,358
Discover Financial Services		114,176		4,105,769
Dollar Tree, Inc. ^(a)		62,340		3,138,196
Endo Health Solutions Inc. ^(a)		50,487		1,500,979
Express Scripts Holding Co. ^(a)		39,155		2,268,641
F5 Networks, Inc. ^(a)		21,145		1,974,520
GNC Holdings, Inc. -Class A		72,388		2,789,110
Graco Inc.		50,451		2,314,692
HMS Holdings Corp. ^(a)		68,690		2,363,623
Kansas City Southern		39,289		2,860,239
Lennox International Inc.		78,364		3,422,156
LyondellBasell Industries N.V. -Class A		45,991		2,047,979
MasTec Inc. ^(a)		115,640		1,845,614
Medicis Pharmaceutical Corp. -Class A		37,422		1,231,932
Medivation Inc. ^(a)		31,998		3,190,201
Michael Kors Holdings Ltd. ^(a)		103,761		4,284,292
Monster Beverage Corp. ^(a)		63,934		4,249,693
NetApp, Inc. ^(a)		51,670		1,688,059
Owens-Illinois, Inc. ^(a)		86,385		1,593,803
PetSmart, Inc.		31,983		2,114,396
Pioneer Natural Resources Co.		26,941		2,387,781
Polypore International, Inc.^(a)		49,358		1,834,143
Red Hat, Inc. ^(a)		41,240		2,212,938
Robert Half International, Inc.		68,672		1,854,831


	Shares		Value

United States–(continued)

Starwood Hotels & Resorts Worldwide, Inc.		48,367	$	2,619,073
Teradata Corp. ^(a)		26,628		1,800,585
Tesla Motors, Inc.^(a)		109,002		2,988,835
Tractor Supply Co.		16,982		1,543,154
Triumph Group, Inc.		60,903		3,808,265
Ulta Salon, Cosmetics & Fragrance, Inc.		73,200		6,213,216
Under Armour, Inc. -Class A^(a)		76,468		4,162,918
Universal Health Services, Inc. -Class B		112,496		4,396,344
Varian Medical Systems, Inc. ^(a)		39,769		2,170,592
Whiting Petroleum Corp. ^(a)		34,187		1,381,155
Whole Foods Market, Inc.		29,609		2,717,514
				151,658,370
Total Common Stocks & Other Equity Interests (Cost $414,334,521)				507,493,215

Money Market Funds–8.03%

Liquid Assets Portfolio – Institutional Class ^(c)		22,132,242		22,132,242
Premier Portfolio – Institutional Class^(c)		22,132,242		22,132,242
Total Money Market Funds (Cost $44,264,484)				44,264,484
TOTAL INVESTMENTS–100.07% (Cost $458,599,005)				551,757,699
OTHER ASSETS LESS LIABILITIES–(0.07)%				(379,980	)
NET ASSETS–100.00%			$	551,377,719

Investment Abbreviations:


ADR		—American Depositary Receipt
Rts.		—Rights

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 July 31, 2012 represented 0.17% 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

July 31, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

A.	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

Level 3


	Level 1*		Level 2*		Level 3		Total
Australia	$	—	$	6,247,620	$	—	$	6,247,620
Belgium		—		3,054,948		—		3,054,948
Brazil		32,314,296		—		—		32,314,296
Canada		48,304,106		—		—		48,304,106
China		5,010,454		8,533,194		—		13,543,648
France		—		3,368,781		—		3,368,781
Germany		4,796,117		3,252,503		—		8,048,620
Hong Kong		—		2,970,797		—		2,970,797
Indonesia		—		5,310,748		—		5,310,748
Ireland		—		12,642,976		—		12,642,976
Israel		—		4,681,310		—		4,681,310
Japan		—		15,063,267		—		15,063,267
Mexico		6,018,755		—		—		6,018,755
Philippines		—		29,562,397		—		29,562,397
Russia		3,106,364		—		—		3,106,364
South Africa		2,985,704		11,989,789		—		14,975,493
South Korea		—		9,226,403		—		9,226,403
Spain		—		3,530,133		—		3,530,133
Sweden		—		6,052,064		—		6,052,064
Switzerland		—		10,799,485		—		10,799,485
Tanzania		—		4,990,961		—		4,990,961
Thailand		11,688,533		—		—		11,688,533
Turkey		—		15,743,608		—		15,743,608
United Kingdom		—		84,589,532		—		84,589,532
United States		195,922,854		—		—		195,922,854
Total Investments	$	310,147,183	$	241,610,516	$	—	$	551,757,699

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

Invesco Global Small & Mid Cap 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, 2012 was $147,375,534 and $194,320,139 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	$	127,291,331
Aggregate unrealized (depreciation) of investment securities		(34,953,462)
Net unrealized appreciation of investment securities	$	92,337,869
Cost of investments for tax purposes is $459,419,830.

NOTE 4 — Subsequent Event

Effective September 24, 2012, Institutional Class shares will be renamed Class R5 shares.

Invesco Global Small & Mid Cap Growth Fund

Invesco International Core Equity Fund

Quarterly Schedule of Portfolio Holdings

July 31, 2012




		invesco.com/us I-ICE-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–96.55%

Australia–9.26%

Australia & New Zealand Banking Group Ltd.		194,225	$	4,775,303
BHP Billiton Ltd.		193,605		6,422,878
Macquarie Group Ltd.		143,486		3,733,173
Suncorp Group Ltd.		495,257		4,391,609
Telstra Corp. Ltd.		1,424,519		5,984,689
				25,307,652

Brazil–0.75%

Banco do Brasil S.A.		23,700		250,477
Banco Santander Brasil S.A. ^(a)		28,400		215,382
Banco Santander Brasil S.A. ^(a)(b)		5,100		38,678
Companhia Paranaense de Energia - Copel -Class B Preference Shares^(c)		17,600		356,824
PDG Realty S.A. Empreendimentos e Participacoes		103,500		175,159
Petroleo Brasileiro S.A. -ADR		31,150		611,475
Vale S.A. -ADR		22,017		397,407
				2,045,402

Canada–3.56%

Nexen Inc.		97,963		2,488,631
Suncor Energy, Inc.		120,221		3,674,951
Toronto-Dominion Bank (The)		45,300		3,564,383
				9,727,965

China–1.24%

China Agri-Industries Holdings Ltd.		298,000		148,011
China Communications Construction Co. Ltd. -Class H		452,000		396,584
China Construction Bank Corp. -Class H		732,000		491,924
China Minsheng Banking Corp., Ltd. -Class H		657,500		608,956
China Mobile Ltd.		82,500		963,659
CNOOC Ltd.		294,800		592,630
KWG Property Holding Ltd.		363,000		199,757
				3,401,521

Denmark–1.19%

Danske Bank A.S. ^(c)		218,868		3,255,995

France–10.61%

BNP Paribas S.A.		76,347		2,824,700
Bouygues S.A.		177,989		4,485,239
Cie Generale des Etablissements Michelin		56,328		3,807,937
Sanofi		103,759		8,440,289
Total S.A. -ADR^(d)		103,112		4,737,996
Vallourec S.A.		113,781		4,703,618
				28,999,779


	Shares		Value

Germany–4.56%

Deutsche Lufthansa AG		246,822	$	3,101,225
Muenchener Rueckversicherungs-Gesellschaft AG		15,109		2,142,581
Porsche Automobil Holding SE -Preference Shares		110,058		5,678,566
Salzgitter AG		42,732		1,553,718
				12,476,090

Hong Kong–2.54%

Cheung Kong (Holdings) Ltd.		256,000		3,351,579
Henderson Land Development Co. Ltd.		621,000		3,601,303
				6,952,882

India–0.49%

Canara Bank Ltd.		52,694		345,220
Grasim Industries Ltd.		6,529		335,609
Oil and Natural Gas Corp. Ltd.		69,094		353,704
Tata Motors Ltd.		73,499		297,875
				1,332,408

Indonesia–0.12%

PT Telekomunikasi Indonesia Persero Tbk		331,000		317,021

Italy–1.70%

Eni S.p.A -ADR		112,799		4,651,831

Japan–26.08%

Asahi Group Holdings, Ltd.		288,800		6,475,398
DeNA Co., Ltd. ^(d)		217,400		4,735,886
East Japan Railway Co.		46,100		2,948,283
FUJIFILM Holdings Corp.		115,900		2,066,072
JSR Corp.		147,800		2,600,031
Mitsubishi Corp.		222,600		4,398,545
Mitsubishi UFJ Financial Group, Inc.		1,222,900		5,873,212
Nippon Telegraph & Telephone Corp.		68,500		3,172,333
Nippon Yusen Kabushiki Kaisha		1,277,000		2,821,391
Nissan Motor Co., Ltd.		643,400		6,040,177
Nitto Denko Corp.		65,900		2,828,423
NSK Ltd.		421,000		2,541,077
NTT DoCoMo, Inc.		1,918		3,212,254
Seven & I Holdings Co., Ltd.		138,700		4,389,258
Shin-Etsu Chemical Co., Ltd.		56,000		2,822,380
Sumitomo Chemical Co., Ltd.		978,000		2,703,200
Toyo Suisan Kaisha, Ltd.		136,000		3,271,423
Toyota Motor Corp.		102,900		3,933,799
Yamada Denki Co., Ltd.		86,050		4,467,858
				71,301,000

Mexico–0.22%

America Movil S.A.B. de C.V. -Series L		449,400		599,781

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

Invesco International Core Equity Fund


	Shares		Value

Norway–3.43%

Statoil ASA		106,219	$	2,518,979
Yara International ASA		145,578		6,851,245
				9,370,224

Poland–0.14%

KGHM Polska Miedz S.A.		10,350		389,992

Russia–0.48%

Gazprom OAO -ADR		34,128		313,673
Magnitogorsk Iron & Steel Works -REGS -GDR^(b)(c)		46,607		172,961
Rosneft Oil Co. -REGS -GDR^(b)		70,464		422,020
Sistema JSFC-REGS -GDR^(b)		19,349		399,146
				1,307,800

South Africa–0.77%

Sasol Ltd.		11,541		478,282
Standard Bank Group Ltd.		41,169		565,188
Steinhoff International Holdings Ltd. ^(c)		198,940		589,228
Tiger Brands Ltd.		14,990		481,251
				2,113,949

South Korea–1.59%

Dongbu Insurance Co., Ltd.		10,686		394,590
Hyundai Mipo Dockyard Co., Ltd.		3,292		341,304
Hyundai Mobis		2,844		748,555
KT&G Corp.		7,391		544,576
POSCO		1,744		559,142
Samsung Electronics Co., Ltd.		829		952,021
Shinhan Financial Group Co., Ltd.		11,947		379,915
SK Telecom Co., Ltd.		2,799		355,274
SK Telecom Co., Ltd. -ADR		5,161		71,583
				4,346,960

Spain–3.68%

Banco Santander S.A.		469,662		2,827,526
Iberdrola S.A.		612,152		2,206,095
Repsol, S.A.		114,792		1,826,191
Telefonica S.A.		281,629		3,196,527
				10,056,339

Switzerland–7.75%

Actelion Ltd. ^(c)		67,774		3,086,941
Holcim Ltd. ^(c)		61,680		3,622,771
Swisscom AG		19,937		7,977,868
Zurich Insurance Group AG ^(c)		29,345		6,509,194
				21,196,774

Taiwan–0.47%

AU Optronics Corp. -ADR		46,548		139,178
HTC Corp.		17,444		168,785
Powertech Technology Inc.		222,000		443,701
Unimicron Technology Corp.		274,000		305,752
Wistron Corp.		219,450		233,747
				1,291,163


	Shares		Value

Thailand–0.39%

Bangkok Bank PCL -NVDR		112,100	$	694,830
PTT PCL		34,700		356,849
				1,051,679

Turkey–0.10%

Asya Katilim Bankasi AS ^(c)		260,808		279,460

United Arab Emirates–0.16%

Dragon Oil PLC		50,018		446,941

United Kingdom–15.27%

AstraZeneca PLC		78,952		3,695,539
Barclays PLC		1,190,435		3,119,035
Eurasian Natural Resources Corp.		51,144		312,769
GlaxoSmithKline PLC		265,738		6,103,494
Imperial Tobacco Group PLC		266,527		10,341,388
National Grid PLC		465,863		4,830,211
Rio Tinto PLC		120,897		5,583,083
Royal Dutch Shell PLC -ADR		113,986		7,773,845
				41,759,364
Total Common Stocks & Other Equity Interests (Cost $270,992,979)				263,979,972

Money Market Funds–0.41%

Liquid Assets Portfolio – Institutional Class ^(e)		552,354		552,354
Premier Portfolio – Institutional Class ^(e)		552,354		552,354
Total Money Market Funds (Cost $1,104,708)				1,104,708
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–96.96% (Cost $272,097,687)				265,084,680

Investments Purchased with Cash Collateral from Securities on Loan–1.54%

Liquid Assets Portfolio - Institutional Class (Cost $4,208,530) ^(e)(f)		4,208,530		4,208,530
TOTAL INVESTMENTS–98.50% (Cost $276,306,217)				269,293,210
OTHER ASSETS LESS LIABILITIES–1.50%				4,110,903
NET ASSETS–100.00%			$	273,404,113

Investment Abbreviations:


ADR		— American Depositary Receipt
GDR		—Global Depositary Receipt
NVDR		—Non-Voting Depositary Receipt
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, 2012 was $1,032,805, which represented less than 1% of the Fund’s Net Assets.

^(c)	Non-income producing security.

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

Invesco International Core Equity Fund

Notes to Schedule of Investments (continued):

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

^(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.

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, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

A.	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)

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

Level 3

Invesco International Core Equity Fund


	Level 1*		Level 2*		Level 3		Total
Australia	$	5,984,689	$	19,322,963	$	—	$	25,307,652
Brazil		2,045,402		—		—		2,045,402
Canada		9,727,965		—		—		9,727,965
China		—		3,401,521		—		3,401,521
Denmark		3,255,995		—		—		3,255,995
France		4,737,996		24,261,783		—		28,999,779
Germany		—		12,476,090		—		12,476,090
Hong Kong		—		6,952,882		—		6,952,882
India		—		1,332,408		—		1,332,408
Indonesia		—		317,021		—		317,021
Italy		4,651,831		—		—		4,651,831
Japan		4,735,886		66,565,114		—		71,301,000
Mexico		599,781		—		—		599,781
Norway		—		9,370,224		—		9,370,224
Poland		—		389,992		—		389,992
Russia		—		1,307,800		—		1,307,800
South Africa		—		2,113,949		—		2,113,949
South Korea		616,159		3,730,801		—		4,346,960
Spain		3,196,527		6,859,812		—		10,056,339
Switzerland		—		21,196,774		—		21,196,774
Taiwan		139,178		1,151,985		—		1,291,163
Thailand		—		1,051,679		—		1,051,679
Turkey		—		279,460		—		279,460
United Arab Emirates				446,941				446,941
United Kingdom		17,052,467		24,706,897		—		41,759,364
United States		5,313,238		—		—		5,313,238
	$	62,057,114	$	207,236,096	$	—	$	269,293,210
* Transfers occured 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, 2012 was $41,900,935 and $42,261,267, 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	$	35,286,858
Aggregate unrealized (depreciation) of investment securities		(45,452,806)
Net unrealized appreciation (depreciation) of investment securities	$	(10,165,948)
Cost of investments for tax purposes is $279,459,158.

NOTE 4 — Subsequent Event

Effective September 24, 2012, Institutional Class shares will be renamed Class R5 shares and the Fund will begin offering Class R6 shares.

Invesco International Core Equity Fund


		Invesco International Growth Fund
		Quarterly Schedule of Portfolio Holdings
		July 31, 2012




		invesco.com/us IGR-QTR-1 07/12 Invesco Advisers, Inc.

Schedule of Investments

July 31, 2012

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–89.68%

Australia–5.30%

BHP Billiton Ltd.		1,527,724	$	50,682,494
Brambles Ltd.		11,471,608		74,721,053
CSL Ltd.		1,728,627		77,096,576
WorleyParsons Ltd.		2,688,303		73,105,235
				275,605,358

Belgium–2.22%

Anheuser-Busch InBev N.V.		1,457,966		115,214,886

Brazil–1.65%

Banco Bradesco S.A. -ADR		5,585,226		85,677,367

Canada–7.56%

Agrium Inc.		531,622		50,559,743
Canadian National Railway Co.		520,573		45,917,341
Canadian Natural Resources Ltd.		1,019,554		27,801,398
Cenovus Energy Inc.		1,290,016		39,420,728
CGI Group Inc. -Class A ^(a)		2,003,861		47,209,607
Fairfax Financial Holdings Ltd.		117,015		44,041,040
Potash Corp. of Saskatchewan Inc.		1,261,552		55,845,373
Suncor Energy, Inc.		2,688,924		82,195,822
				392,991,052

China–4.01%

Baidu, Inc. -ADR^(a)		381,716		46,004,412
China Mobile Ltd.		5,837,000		68,180,345
CNOOC Ltd.		20,556,000		41,323,299
Industrial & Commercial Bank of China Ltd. -Class H		93,254,000		53,206,162
				208,714,218

Denmark–1.28%

Novo Nordisk A.S. -Class B		429,208		66,298,865

France–5.44%

Cap Gemini S.A.		1,043,410		37,951,619
Cie Generale des Etablissements Michelin		421,283		28,479,954
Danone S.A.		651,291		39,564,903
Eutelsat Communications S.A.		1,100,985		33,186,296
L’Oreal S.A.		281,443		33,662,946
Publicis Groupe S.A.		1,202,745		59,091,878
Schneider Electric S.A.		909,505		51,118,261
				283,055,857

Germany–5.96%

Adidas AG		1,015,116		76,098,237
Fresenius Medical Care AG & Co. KGaA		808,243		58,591,609
SAP AG		1,588,571		101,092,419
Volkswagen AG-Preference Shares		435,347		74,267,908
				310,050,173


	Shares		Value

Hong Kong–1.75%

Galaxy Entertainment Group Ltd. ^(a)		15,808,000	$	37,819,090
Hutchison Whampoa Ltd.		5,953,000		53,399,795
				91,218,885

Ireland–1.64%

Shire PLC		1,028,893		29,621,898
WPP PLC		4,414,517		55,587,176
				85,209,074

Israel–1.56%

Teva Pharmaceutical Industries Ltd. -ADR		1,986,066		81,210,239

Japan–7.57%

Canon Inc.		1,629,800		54,547,436
Denso Corp.		1,868,800		59,492,576
Fanuc Corp.		240,700		37,296,565
Keyence Corp.		235,000		58,500,151
Komatsu Ltd.		1,174,445		25,994,178
Nidec Corp.		460,202		36,247,317
Toyota Motor Corp.		1,479,300		56,552,666
Yamada Denki Co., Ltd.		1,254,737		65,148,008
				393,778,897

Mexico–3.90%

America Movil S.A.B de C.V. -Series L -ADR		2,755,297		73,538,877
Fomento Economico Mexicano, S.A.B. de C.V. - ADR		582,011		49,715,380
Grupo Televisa S.A.B. -ADR		3,486,576		79,459,067
				202,713,324

Netherlands–1.88%

Koninklijke Ahold N.V.		2,851,276		34,628,436
Unilever N.V.		1,825,892		63,263,380
				97,891,816

Russia–0.77%

Gazprom OAO -ADR		2,998,523		27,559,624
VimpelCom Ltd. -ADR		1,460,152		12,250,675
				39,810,299

Singapore–2.72%

Keppel Corp. Ltd.		8,380,548		74,908,496
United Overseas Bank Ltd.		4,143,000		66,278,546
				141,187,042

South Korea–2.81%

Hyundai Mobis		289,629		76,231,805
NHN Corp.		287,898		69,795,128
				146,026,933

Spain–1.05%

Amadeus IT Holding S.A. - Class A		2,530,989		54,526,160

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

Invesco International Growth Fund


	Shares		Value

Sweden–3.53%

Investment AB Kinnevik -Class B		1,423,036	$	29,203,759
Investor AB-Class B		1,386,638		28,785,943
Swedbank AB -Class A		3,480,628		60,668,775
Telefonaktiebolaget LM Ericsson -Class B		4,085,506		37,829,252
Volvo AB -Class B		2,206,414		27,040,240
				183,527,969

Switzerland–7.12%

ABB Ltd. ^(a)		2,972,215		51,685,604
Julius Baer Group Ltd. ^(a)		1,249,582		44,581,682
Nestle S.A.		1,273,971		78,264,363
Novartis AG		942,409		55,220,166
Roche Holding AG		366,383		64,865,232
Syngenta AG		222,113		75,618,113
				370,235,160

Taiwan–1.10%

Taiwan Semiconductor Manufacturing Co. Ltd.		21,426,887		57,355,638

Turkey–0.87%

Akbank T.A.S.		12,041,197		45,154,442

United Kingdom–17.99%

BG Group PLC		3,748,831		73,661,522
British American Tobacco PLC		1,589,713		84,425,908
British Sky Broadcasting Group PLC		4,545,074		50,754,898
Centrica PLC		9,256,297		45,880,275
Compass Group PLC		11,121,289		118,956,404
GlaxoSmithKline PLC		841,988		19,338,855
Imperial Tobacco Group PLC		2,583,849		100,254,701
Informa PLC		6,656,151		38,404,431
Kingfisher PLC		16,704,695		69,507,256
Next PLC		1,393,268		70,050,919
Pearson PLC		2,099,931		39,302,749
Reed Elsevier PLC		11,899,205		99,959,624
Royal Dutch Shell PLC -Class B		1,858,172		65,303,889
Smith & Nephew PLC		4,444,490		45,390,676
Tesco PLC		2,823,770		14,053,653
				935,245,760
Total Common Stocks & Other Equity Interests (Cost $3,853,322,419)				4,662,699,414

Money Market Funds–9.23%

Liquid Assets Portfolio – Institutional Class^(b)		239,912,669		239,912,669
Premier Portfolio – Institutional Class^(b)		239,912,669		239,912,669
Total Money Market Funds (Cost $479,825,338)				479,825,338
TOTAL INVESTMENTS–98.91% (Cost $4,333,147,757)				5,142,524,752
OTHER ASSETS LESS LIABILITIES–1.09%				56,595,450
NET ASSETS–100.00%			$	5,199,120,202

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

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.

Invesco International Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings

July 31, 2012

(Unaudited)

NOTE 1 — Significant Accounting Policies

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

Invesco International Growth Fund

B.	Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis.

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

Level 3


	Level 1*		Level 2*		Level 3		Total
Australia	$	—	$	275,605,358	$	—	$	275,605,358
Belgium		—		115,214,886		—		115,214,886
Brazil		85,677,367		—		—		85,677,367
Canada		392,991,052		—		—		392,991,052
China		46,004,412		162,709,806		—		208,714,218
Denmark		66,298,865		—		—		66,298,865
France		—		283,055,857		—		283,055,857
Germany		—		310,050,173		—		310,050,173
Hong Kong		—		91,218,885		—		91,218,885
Ireland		—		85,209,074		—		85,209,074
Israel		81,210,239		—		—		81,210,239
Japan		—		393,778,897		—		393,778,897
Mexico		202,713,324		—		—		202,713,324
Netherlands		—		97,891,816		—		97,891,816
Russia		12,250,675		27,559,624		—		39,810,299
Singapore		—		141,187,042		—		141,187,042
South Korea		—		146,026,933		—		146,026,933
Spain		—		54,526,160		—		54,526,160
Sweden		60,668,775		122,859,194		—		183,527,969
Switzerland		—		370,235,160		—		370,235,160
Taiwan		—		57,355,638		—		57,355,638
Turkey		—		45,154,442		—		45,154,442
United Kingdom		50,754,898		884,490,862		—		935,245,760
United States		479,825,338		—		—		479,825,338
Total Investments	$	1,478,394,945	$	3,664,129,807	$	—	$	5,142,524,752

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

Invesco International Growth Fund

NOTE 3 — Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended July 31, 2012 was $506,093,319 and $330,021,125, 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	$	970,960,062
Aggregate unrealized (depreciation) of investment securities		(165,681,438)
Net unrealized appreciation of investment securities	$	805,278,624
Cost of investments for tax purposes is $4,337,246,128.

NOTE 4 — Subsequent Event

Effective September 24, 2012, Institutional Class shares will be renamed Class R5 shares and the Fund will begin offering Class R6 shares.

Invesco International Growth Fund

Item 2. Controls and Procedures.

(a)

As of August 13, 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 August 13, 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.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: AIM International Mutual Funds (Invesco International Mutual Funds)


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

Date:		September 28, 2012

Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


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

Date:		September 28, 2012

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

Date:		September 28, 2012

EXHIBIT INDEX

Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.