NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2020
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–91.81%
Australia–2.15%
Computershare Ltd. 348,886   $4,145,494
CSL Ltd. 52,753  10,786,407
      14,931,901
China–30.79%
Alibaba Group Holding Ltd., ADR(a) 147,849  30,544,125
Angel Yeast Co. Ltd., A Shares 2,811,750  11,204,172
China Mengniu Dairy Co. Ltd.(a) 6,031,000  22,029,751
Henan Shuanghui Investment & Development Co. Ltd., A Shares 3,541,324  14,760,389
Industrial & Commercial Bank of China Ltd., H Shares 10,736,000   7,144,409
JD.com, Inc., ADR(a) 274,095  10,330,641
Kweichow Moutai Co. Ltd., A Shares 33,927   5,046,868
Meituan Dianping, B Shares(a) 1,145,700  14,519,227
Minth Group Ltd. 1,286,000   3,960,409
New Oriental Education & Technology Group, Inc., ADR(a) 59,958   7,287,895
Qingdao Port International Co. Ltd., H Shares(b) 6,409,000   4,165,780
Sunny Optical Technology Group Co. Ltd. 1,124,300  18,104,293
Tencent Holdings Ltd. 253,100  12,017,968
Weibo Corp., ADR(a) 104,040   4,434,185
Wuliangye Yibin Co. Ltd., A Shares 1,212,460  21,401,357
Yum China Holdings, Inc. 628,458  27,067,686
      214,019,155
Hong Kong–10.10%
CK Asset Holdings Ltd. 3,560,160  22,742,243
CK Hutchison Holdings Ltd. 573,660   5,071,524
Hongkong Land Holdings Ltd. 2,944,600  15,547,438
Swire Properties Ltd. 8,678,600  26,824,403
      70,185,608
Indonesia–12.39%
PT Bank Central Asia Tbk 12,632,300  29,685,846
PT Bank Mandiri (Persero) Tbk 41,342,500  22,631,805
PT Pakuwon Jati Tbk 264,401,600  10,021,008
PT Telekomunikasi Indonesia (Persero) Tbk 85,773,000  23,755,120
      86,093,779
Macau–2.57%
Galaxy Entertainment Group Ltd. 2,740,000  17,880,541
Malaysia–3.95%
Bursa Malaysia Bhd. 11,494,850  15,537,477
Public Bank Bhd. 2,627,400  11,885,900
      27,423,377
  Shares Value
Philippines–4.05%
BDO Unibank, Inc. 4,628,990  $13,417,692
SM Investments Corp. 466,356   8,876,098
SM Prime Holdings, Inc. 7,656,400   5,848,438
      28,142,228
Singapore–7.22%
Keppel REIT 26,543,700  23,564,507
United Overseas Bank Ltd. 1,435,500  26,629,770
      50,194,277
South Korea–5.56%
NAVER Corp. 53,315   7,918,882
Samsung Electronics Co. Ltd. 656,887  30,741,786
      38,660,668
Taiwan–3.90%
Taiwan Semiconductor Manufacturing Co. Ltd. 2,537,464  27,145,101
Thailand–1.12%
Kasikornbank PCL, Foreign Shares 797,300   3,557,896
Thai Stanley Electric PCL, Foreign Shares 801,500   4,221,270
      7,779,166
United States–6.34%
Amcor PLC, CDI 1,502,055  15,657,293
Broadcom, Inc. 93,153  28,426,569
      44,083,862
Vietnam–1.67%
Vietnam Dairy Products JSC 2,494,692  11,616,887
Total Common Stocks & Other Equity Interests (Cost $464,474,264) 638,156,550
Money Market Funds–9.06%
Invesco Government & Agency Portfolio, Institutional Class, 1.48%(c) 22,033,550  22,033,550
Invesco Liquid Assets Portfolio, Institutional Class, 1.66%(c) 15,795,624  15,801,943
Invesco Treasury Portfolio, Institutional Class, 1.47%(c) 25,181,200  25,181,200
Total Money Market Funds (Cost $63,011,273) 63,016,693
TOTAL INVESTMENTS IN SECURITIES—100.87% (Cost $527,485,537) 701,173,243
OTHER ASSETS LESS LIABILITIES–(0.87)% (6,070,327)
NET ASSETS–100.00% $695,102,916
 
Investment Abbreviations:
ADR – American Depositary Receipt
CDI – CREST Depository Interest
REIT – Real Estate Investment Trust
See accompanying notes which are an integral part of this schedule.
Invesco Asia Pacific Growth Fund
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 “1933 Act”). 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, 2020 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. The rate shown is the 7-day SEC standardized yield as of January 31, 2020.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
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, 2020
(Unaudited)
NOTE 1—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, 2020. 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
Investments in Securities        
Australia $— $14,931,901 $— $14,931,901
China 79,664,532 134,354,623 — 214,019,155
Hong Kong — 70,185,608 — 70,185,608
Indonesia — 86,093,779 — 86,093,779
Macau — 17,880,541 — 17,880,541
Malaysia — 27,423,377 — 27,423,377
Philippines — 28,142,228 — 28,142,228
Singapore — 50,194,277 — 50,194,277
South Korea — 38,660,668 — 38,660,668
Taiwan — 27,145,101 — 27,145,101
Thailand 4,221,270 3,557,896 — 7,779,166
United States 28,426,569 15,657,293 — 44,083,862
Vietnam — 11,616,887 — 11,616,887
Money Market Funds 63,016,693 — — 63,016,693
Total Investments $175,329,064 $525,844,179 $— $701,173,243
NOTE 2—Subsequent Event
The World Health Organization has declared the coronavirus (COVID-19) to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the Fund’s ability to achieve its investment objective, as stated in the most recent shareholder report. Because of the uncertainties on valuation, the global economy and business operations, values reflected in the Schedule of Investments may materially differ from the value received upon actual sales of those investments.
Invesco Asia Pacific Growth Fund