NPORT-EX 2 edgar.htm
Schedule of Investments
July 31, 2020
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–77.85%
Australia–3.89%
BHP Group Ltd.     1,535     $40,684
BHP Group PLC     1,896     41,352
Brambles Ltd.     2,128     16,441
Coles Group Ltd.     2,669     34,714
CSL Ltd.       851    164,126
Fortescue Metals Group Ltd.     9,388    116,694
Glencore PLC(a)     2,979      6,870
Rio Tinto Ltd.     1,135     82,661
Rio Tinto PLC     1,586     96,661
Wesfarmers Ltd.       993     33,004
Woolworths Group Ltd.     1,689     46,655
      679,862
Belgium–0.39%
Anheuser-Busch InBev S.A./N.V.       838     45,396
KBC Group N.V.        52      2,980
UCB S.A.       155     19,862
      68,238
Brazil–2.85%
Ambev S.A.     3,900     10,392
B2W Cia Digital(a)       300      6,862
Banco Bradesco S.A., Preference Shares     6,820     29,338
Banco do Brasil S.A.     4,700     30,255
CCR S.A.     3,100      8,890
Centrais Eletricas Brasileiras S.A.       600      4,249
Cosan S.A.       300      5,199
Gerdau S.A., Preference Shares     2,500      8,363
Itau Unibanco Holding S.A., Preference Shares     2,500     12,887
Itausa S.A., Preference Shares     3,500      7,159
Lojas Americanas S.A., Preference Shares     1,200      7,844
Lojas Renner S.A.     1,800     14,192
Magazine Luiza S.A.       600      9,283
Natura & Co. Holding S.A.       800      7,214
Neoenergia S.A.       800      3,243
Petroleo Brasileiro S.A., Preference Shares    34,200    145,544
Raia Drogasil S.A.       100      2,379
Suzano S.A.(a)       400      3,221
Vale S.A.    11,800    137,328
WEG S.A.     3,500     45,188
      499,030
Chile–0.14%
Falabella S.A.     6,847     24,419
China–11.13%
58.com, Inc., ADR(a)       542     30,010
AAC Technologies Holdings, Inc.       500      3,946
Agricultural Bank of China Ltd., H Shares    39,000     13,853
Alibaba Group Holding Ltd., ADR(a)       735    184,500
  Shares Value
China–(continued)
Alibaba Health Information Technology Ltd.(a)     6,000     $16,598
Anhui Conch Cement Co. Ltd., H Shares     1,500     11,345
ANTA Sports Products Ltd.     1,000      9,500
Baidu, Inc., ADR(a)       219     26,149
Bank of China Ltd., H Shares   138,000     46,097
Bank of Communications Co. Ltd., H Shares    27,000     14,996
BeiGene Ltd., ADR(a)        26      5,434
Beijing Enterprises Holdings Ltd.     1,500      5,251
Bilibili, Inc., ADR(a)       297     12,943
Brilliance China Automotive Holdings Ltd.     8,000      8,196
BYD Co. Ltd., H Shares     1,000      9,477
China CITIC Bank Corp. Ltd., H Shares    21,000      9,165
China Conch Venture Holdings Ltd.     1,000      4,300
China Construction Bank Corp., H Shares   159,000    115,980
China Everbright Bank Co. Ltd., H Shares    18,000      6,765
China Life Insurance Co. Ltd., H Shares     5,000     11,410
China Mengniu Dairy Co. Ltd.(a)     2,000      9,373
China Merchants Bank Co. Ltd., H Shares     2,000      9,339
China Minsheng Banking Corp. Ltd., H Shares    17,500     11,026
China Mobile Ltd.    10,000     68,164
China Overseas Land & Investment Ltd.     7,000     21,339
China Pacific Insurance (Group) Co. Ltd., H Shares     2,600      7,471
China Petroleum & Chemical Corp., H Shares    40,000     17,033
China Resources Cement Holdings Ltd.     2,000      2,737
China Resources Land Ltd.     4,000     16,540
China Resources Pharmaceutical Group Ltd.(b)     6,500      3,694
China Shenhua Energy Co. Ltd., H Shares     2,000      3,338
China Taiping Insurance Holdings Co. Ltd.     3,600      6,316
China Telecom Corp. Ltd., H Shares     8,000      2,387
China Tower Corp. Ltd., H Shares(b)    64,000     11,657
China Unicom Hong Kong Ltd.     6,000      3,349
CITIC Ltd.     6,000      5,573
CITIC Securities Co. Ltd., H Shares     2,500      5,827
CNOOC Ltd.    18,000     19,069
Country Garden Holdings Co. Ltd.    10,000     12,734
Country Garden Services Holdings Co. Ltd.     3,000     18,113
CSPC Pharmaceutical Group Ltd.    10,400     21,844
ENN Energy Holdings Ltd.       300      3,638
GDS Holdings Ltd., ADR(a)        64      5,139
Geely Automobile Holdings Ltd.     3,000      6,247
Great Wall Motor Co. Ltd., H Shares     6,000      5,867
GSX Techedu, Inc., ADR(a)       322     28,697
Haier Electronics Group Co. Ltd.(c)     1,000      3,811
Haitong Securities Co. Ltd., H Shares(a)     3,600      3,309
Hengan International Group Co. Ltd.     1,000      8,358
Industrial & Commercial Bank of China Ltd., H Shares   135,000     79,861
JD.com, Inc., ADR(a)     1,418     90,454
Kunlun Energy Co. Ltd.     8,000      6,700
Lenovo Group Ltd.    24,000     14,563
Li Ning Co. Ltd.     1,500      4,839
Logan Group Co. Ltd.     2,000      3,469
Longfor Group Holdings Ltd.(b)     2,500     12,372
 
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
China–(continued)
Meituan Dianping, B Shares(a)     1,300     $32,240
Momo, Inc., ADR       554     10,232
NetEase, Inc., ADR       168     77,014
New China Life Insurance Co. Ltd., H Shares       900      3,487
New Oriental Education & Technology Group, Inc., ADR(a)       284     39,817
PetroChina Co. Ltd., H Shares    68,000     23,386
PICC Property & Casualty Co. Ltd., H Shares    10,000      7,826
Pinduoduo, Inc., ADR(a)       361     33,140
Ping An Healthcare and Technology Co. Ltd.(a)(b)       500      8,555
Ping An Insurance (Group) Co. of China Ltd., H Shares     2,500     26,372
Postal Savings Bank of China Co. Ltd., H Shares(b)    13,000      7,131
Semiconductor Manufacturing International Corp.(a)     3,500     13,581
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares     4,000     10,177
Shenzhou International Group Holdings Ltd.       200      2,393
Shimao Group Holdings Ltd.     3,000     12,736
Sino Biopharmaceutical Ltd.    13,500     17,482
Sinopharm Group Co. Ltd., H Shares     4,400     10,494
Sinotruk Hong Kong Ltd.     1,000      3,120
Sun Art Retail Group Ltd.     3,000      4,158
Sunac China Holdings Ltd.     1,000      4,719
Sunny Optical Technology Group Co. Ltd.       500      9,328
TAL Education Group, ADR(a)       284     22,200
Tencent Holdings Ltd.     3,600    246,437
Tencent Music Entertainment Group, ADR(a)     1,367     22,063
Tingyi Cayman Islands Holding Corp.     2,000      3,716
Vipshop Holdings Ltd., ADR(a)       993     22,611
Want Want China Holdings Ltd.     7,000      5,172
Weibo Corp., ADR(a)       284      9,815
Weichai Power Co. Ltd., H Shares     4,000      8,639
Wilmar International Ltd.       900      3,049
Wuxi Biologics Cayman, Inc.(a)(b)       500     10,311
Xiaomi Corp., B Shares(a)(b)    40,000     77,217
Yihai International Holding Ltd.(a)     1,000     12,236
Yum China Holdings, Inc.       542     27,772
Zhongsheng Group Holdings Ltd.       500      3,093
ZTO Express Cayman, Inc., ADR       374     13,857
      1,945,738
Colombia–0.05%
Bancolombia S.A., Preference Shares       709      5,033
Interconexion Electrica S.A. ESP       567      2,916
      7,949
Denmark–1.96%
AP Moller - Maersk A/S, Class B         6      7,732
Coloplast A/S, Class B       245     41,787
Danske Bank A/S(a)       374      6,059
DSV Panalpina A/S        90     12,441
Genmab A/S(a)        39     13,382
Novo Nordisk A/S, Class B     2,682    176,949
Novozymes A/S, Class B       413     24,777
Orsted A/S(b)       219     31,369
Vestas Wind Systems A/S       219     28,310
      342,806
  Shares Value
Finland–0.49%
Kone OYJ, Class B       348     $27,575
Neste OYJ       387     17,802
Nokia OYJ     3,847     18,503
UPM-Kymmene OYJ       838     22,451
      86,331
France–5.15%
Air Liquide S.A.       516     85,187
AXA S.A.       426      8,526
BNP Paribas S.A.(a)       400     16,229
Bouygues S.A.       129      4,588
Capgemini SE       103     13,356
Carrefour S.A.       438      6,986
Cie de Saint-Gobain(a)       258      9,536
Cie Generale des Etablissements Michelin S.C.A.        77      8,057
Credit Agricole S.A.(a)       438      4,231
Dassault Systemes SE       103     18,789
ENGIE S.A.(a)     1,019     13,611
Gecina S.A.        26      3,355
Hermes International        39     31,657
Kering S.A.       103     58,475
Legrand S.A.        52      4,028
L’Oreal S.A.       284     95,119
LVMH Moet Hennessy Louis Vuitton SE       219     95,151
Orange S.A.       516      6,045
Peugeot S.A.(a)       361      5,851
Safran S.A.(a)        77      8,184
Sanofi     1,309    136,845
Sartorius Stedim Biotech        52     16,190
Schneider Electric SE       877    102,177
SEB S.A.       522     86,407
Societe Generale S.A.(a)       781     12,002
TOTAL S.A.       696     25,841
Veolia Environnement S.A.       116      2,652
Vinci S.A.       258     22,277
      901,352
Germany–4.43%
adidas AG(a)        39     10,789
Allianz SE       129     26,907
BASF SE       332     18,385
Bayer AG       335     22,306
Continental AG        52      5,078
Daimler AG       168      7,444
Delivery Hero SE(a)(b)       529     61,040
Deutsche Boerse AG       554    101,286
Deutsche Post AG(a)       168      6,811
Deutsche Wohnen SE     1,844     89,681
E.ON SE     2,489     29,203
Evonik Industries AG       619     16,724
Fresenius Medical Care AG & Co. KGaA(a)       234     20,616
Fresenius SE & Co. KGaA(a)       284     14,192
Infineon Technologies AG       774     19,345
Merck KGaA       168     21,464
Muenchener Rueckversicherungs-Gesellschaft AG        52     13,825
RWE AG       606     22,909
SAP SE       658    104,089
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Germany–(continued)
Sartorius AG, Preference Shares        52     $19,953
Siemens AG       181     23,193
Volkswagen AG, Preference Shares(a)       103     15,242
Vonovia SE     1,599    103,910
      774,392
Hong Kong–1.83%
CK Asset Holdings Ltd.     1,500      8,271
CK Hutchison Holdings Ltd.     1,500      9,795
CLP Holdings Ltd.     2,500     23,690
Hong Kong & China Gas Co. Ltd. (The)     3,850      5,528
Hong Kong Exchanges & Clearing Ltd.     3,200    153,018
Hongkong Land Holdings Ltd.       900      3,431
Link REIT       600      4,621
New World Development Co. Ltd.     1,250      6,105
Power Assets Holdings Ltd.     1,000      5,572
Sino Land Co. Ltd.     8,000      9,703
Sun Hung Kai Properties Ltd.     6,000     72,922
WH Group Ltd.    20,500     18,250
      320,906
Indonesia–0.33%
PT Astra International Tbk    29,600     10,388
PT Bank Central Asia Tbk     5,800     12,426
PT Bank Mandiri (Persero) Tbk    23,500      9,287
PT Bank Negara Indonesia (Persero) Tbk    17,100      5,336
PT Gudang Garam Tbk(a)       900      3,077
PT Indofood Sukses Makmur Tbk     8,700      3,860
PT Telekomunikasi Indonesia (Persero) Tbk    63,000     13,173
      57,547
Ireland–0.39%
Flutter Entertainment PLC(a)       309     46,409
Kerry Group PLC       127     16,848
Kerry Group PLC, Class A        41      5,429
      68,686
Israel–0.05%
Check Point Software Technologies Ltd.(a)        64      8,022
Italy–0.83%
Assicurazioni Generali S.p.A.       426      6,392
Atlantia S.p.A.(a)       258      4,116
Enel S.p.A.     9,581     87,698
Eni S.p.A.       954      8,533
Ferrari N.V.       116     20,793
Intesa Sanpaolo S.p.A.(a)     4,088      8,304
UniCredit S.p.A.(a)       980      9,000
      144,836
Japan–13.75%
Aeon Co. Ltd.     1,000     23,656
Ajinomoto Co., Inc.       500      9,032
Asahi Group Holdings Ltd.       100      3,283
Astellas Pharma, Inc.     2,600     40,687
Bridgestone Corp.       400     11,791
Canon, Inc.       300      4,796
Chubu Electric Power Co., Inc.       900     10,683
Chugai Pharmaceutical Co. Ltd.     1,900     85,135
Dai-ichi Life Holdings, Inc.     2,600     30,581
  Shares Value
Japan–(continued)
Daiichi Sankyo Co. Ltd.       400     $35,187
Daikin Industries Ltd.       200     35,167
Daiwa House Industry Co. Ltd.       100      2,223
Denso Corp.       100      3,690
East Japan Railway Co.       100      5,772
Eisai Co. Ltd.       600     48,467
FUJIFILM Holdings Corp.       500     22,279
Fujitsu Ltd.       300     40,259
Hitachi Ltd.       300      8,905
Honda Motor Co. Ltd.     1,800     43,732
Hoya Corp.       500     49,337
INPEX Corp.     1,000      5,721
ITOCHU Corp.     2,100     46,001
Japan Tobacco, Inc.       300      5,162
Kansai Electric Power Co., Inc. (The)       600      5,714
Kao Corp.       800     58,030
KDDI Corp.     1,300     40,018
Keyence Corp.       310    130,279
Kirin Holdings Co. Ltd.       900     17,409
Komatsu Ltd.       200      3,946
Kyocera Corp.       300     16,737
M3, Inc.     1,300     66,387
MEIJI Holdings Co. Ltd.       100      7,829
Mitsubishi Corp.       600     12,113
Mitsubishi Electric Corp.     2,100     27,467
Mitsubishi Estate Co. Ltd.       300      4,339
Mitsubishi UFJ Financial Group, Inc.     5,500     20,633
Mitsui & Co. Ltd.     1,700     25,511
Mitsui Fudosan Co. Ltd.       200      3,144
Mizuho Financial Group, Inc.     6,700      8,146
MS&AD Insurance Group Holdings, Inc.       100      2,509
Murata Manufacturing Co. Ltd.     1,400     87,692
Nexon Co. Ltd.       700     18,061
Nidec Corp.       120      9,603
Nintendo Co. Ltd.       200     87,746
Nippon Paint Holdings Co. Ltd.       300     20,425
Nippon Telegraph & Telephone Corp.     3,500     81,017
Nitori Holdings Co. Ltd.       100     21,988
Nomura Holdings, Inc.    10,200     47,643
NTT DOCOMO, Inc.     3,300     90,788
Olympus Corp.     2,100     37,691
Ono Pharmaceutical Co. Ltd.       600     16,829
ORIX Corp.       800      8,609
Otsuka Holdings Co. Ltd.       300     12,473
Panasonic Corp.     2,600     22,333
Recruit Holdings Co. Ltd.       300      9,311
Secom Co. Ltd.       200     17,262
Sekisui House Ltd.       800     14,632
Seven & i Holdings Co. Ltd.       700     21,328
Shimano, Inc.       100     21,839
Shin-Etsu Chemical Co. Ltd.       400     46,903
Shionogi & Co. Ltd.       200     11,879
SMC Corp.       150     78,254
Softbank Corp.     1,100     14,743
SoftBank Group Corp.       500     31,491
Sompo Holdings, Inc.       100      3,294
Sony Corp.     1,300    100,809
Sumitomo Corp.       600      6,693
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Japan–(continued)
Sumitomo Mitsui Financial Group, Inc.       800     $21,388
Sumitomo Mitsui Trust Holdings, Inc.       100      2,582
Sysmex Corp.       100      7,700
Takeda Pharmaceutical Co. Ltd.     1,338     47,604
Terumo Corp.       500     18,816
Tokio Marine Holdings, Inc.     1,400     59,128
Tokyo Electron Ltd.       200     54,638
Tokyo Gas Co. Ltd.       800     16,955
Toyota Motor Corp.     2,300    137,017
Unicharm Corp.       900     40,451
Z Holdings Corp.     6,500     34,306
      2,403,678
Macau–0.08%
Galaxy Entertainment Group Ltd.     2,000     13,643
Malaysia–0.33%
CIMB Group Holdings Bhd.     5,300      4,507
Genting Bhd.     3,800      3,453
Hartalega Holdings Bhd.     3,300     15,732
IHH Healthcare Bhd.     5,600      7,128
MISC Bhd.     1,900      3,533
Petronas Gas Bhd.     1,400      5,537
RHB Bank Bhd.     3,200      3,783
Tenaga Nasional Bhd.     5,000     13,458
      57,131
Mexico–0.48%
Arca Continental S.A.B. de C.V.     1,000      4,932
Fomento Economico Mexicano, S.A.B. de C.V., ADR(a)       181     11,133
Gruma S.A.B. de C.V., Class B       350      4,107
Grupo Elektra S.A.B. de C.V.       285     15,262
Grupo Financiero Banorte S.A.B. de C.V., Class O(a)     2,686      9,643
Grupo Mexico S.A.B. de C.V., Class B     3,300      8,335
Wal-Mart de Mexico S.A.B. de C.V., Series V    12,873     30,212
      83,624
Netherlands–3.92%
Adyen N.V.(a)(b)       103    171,958
ASML Holding N.V.       980    346,179
EXOR N.V.        90      5,092
Heineken Holding N.V.        64      5,549
ING Groep N.V.     1,418      9,831
Koninklijke Ahold Delhaize N.V.     2,012     57,998
Koninklijke DSM N.V.       181     27,638
Koninklijke Philips N.V.(a)       249     12,935
NXP Semiconductors N.V.       181     21,273
Wolters Kluwer N.V.       335     26,486
      684,939
Norway–0.09%
DNB ASA(a)       400      6,149
Equinor ASA       258      3,843
Telenor ASA       387      6,011
      16,003
Philippines–0.11%
Ayala Land, Inc.    10,800      7,336
  Shares Value
Philippines–(continued)
SM Prime Holdings, Inc.    18,300     $11,202
      18,538
Poland–0.10%
CD Projekt S.A.(a)       103     11,121
KGHM Polska Miedz S.A.(a)       195      6,614
      17,735
Portugal–0.03%
Jeronimo Martins SGPS S.A.       361      6,093
Russia–1.56%
Gazprom PJSC, ADR     6,473     31,718
LUKOIL PJSC, ADR(d)       407     27,873
LUKOIL PJSC, ADR(d)       315     21,568
MMC Norilsk Nickel PJSC, ADR        91      2,404
MMC Norilsk Nickel PJSC, ADR       670     17,668
Mobile TeleSystems PJSC, ADR       284      2,516
Polyus PJSC, GDR(b)        90     10,305
Sberbank of Russia PJSC, ADR(a)     7,247     86,384
Severstal PAO, GDR(b)       374      4,566
Surgutneftegas PJSC, ADR    10,174     50,463
Tatneft PJSC, ADR       206      9,229
Yandex N.V., Class A(a)       129      7,423
      272,117
South Africa–0.59%
Absa Group Ltd.     1,973      9,218
Anglo American PLC       684     16,880
Gold Fields Ltd.     1,290     16,920
Naspers Ltd., Class N       232     42,758
Remgro Ltd.     1,122      6,090
Standard Bank Group Ltd.     1,792     11,457
      103,323
South Korea–2.64%
Celltrion, Inc.(a)       142     35,324
Hyundai Mobis Co. Ltd.       116     20,046
Kia Motors Corp.       193      6,557
LG Chem Ltd.        13      6,210
LG Household & Health Care Ltd.         4      4,610
NAVER Corp.       309     78,185
Samsung Biologics Co. Ltd.(a)(b)        39     24,020
Samsung C&T Corp.        39      3,476
Samsung Electronics Co. Ltd.     3,211    156,287
Samsung SDS Co. Ltd.        77     10,776
SK Hynix, Inc.     1,663    115,775
      461,266
Spain–1.33%
Aena SME S.A.(a)(b)        39      5,082
Amadeus IT Group S.A.       400     20,089
Banco Bilbao Vizcaya Argentaria S.A.     2,037      6,382
Banco Santander S.A.(a)     5,932     12,741
Cellnex Telecom S.A.(b)       851     53,532
Cellnex Telecom S.A., Rts. Expiring 08/07/2020(a)       851      3,559
Endesa S.A.       155      4,407
Ferrovial S.A.       168      4,125
Grifols S.A.       245      7,152
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Spain–(continued)
Iberdrola S.A.     7,041     $90,888
Industria de Diseno Textil S.A.       181      4,825
Naturgy Energy Group S.A.       166      3,083
Repsol S.A.       645      5,035
Siemens Gamesa Renewable Energy S.A.       245      5,741
Telefonica S.A.     1,470      6,151
      232,792
Sweden–1.77%
Atlas Copco AB, Class A     1,883     83,431
Epiroc AB, Class A       322      4,506
Essity AB, Class B(a)       748     24,637
Hennes & Mauritz AB, Class B       271      4,220
Hexagon AB, Class B(a)       244     15,903
Investor AB, Class B     1,586     93,752
Sandvik AB(a)     1,496     27,885
Swedbank AB, Class A(a)       206      3,347
Telefonaktiebolaget LM Ericsson, Class B     3,263     37,631
Volvo AB, Class B(a)       825     14,275
      309,587
Switzerland–7.23%
ABB Ltd.     1,431     35,846
Chocoladefabriken Lindt & Spruengli AG, PC         4     30,957
Credit Suisse Group AG       645      6,912
EMS-Chemie Holding AG        13     11,220
Geberit AG        13      7,186
Givaudan S.A.        26    107,303
Kuehne + Nagel International AG(a)        64     11,021
LafargeHolcim Ltd.(a)       193      9,140
Lonza Group AG        64     39,950
Nestle S.A.     2,785    329,953
Novartis AG     2,102    174,085
Partners Group Holding AG        13     12,592
Roche Holding AG       954    330,092
Schindler Holding AG, PC        39      9,864
SGS S.A.         5     13,133
Sika AG       206     45,359
STMicroelectronics N.V.     1,625     46,051
Swatch Group AG (The), BR        20      4,201
Swiss Re AG       116      9,162
Swisscom AG        39     20,765
Zurich Insurance Group AG        26      9,612
      1,264,404
Taiwan–4.29%
ASE Technology Holding Co. Ltd., ADR     3,585     17,961
Asustek Computer, Inc.     3,000     22,097
Catcher Technology Co. Ltd.     1,000      7,340
Cathay Financial Holding Co. Ltd.     6,000      8,073
Chang Hwa Commercial Bank Ltd.     7,000      4,515
Cheng Shin Rubber Industry Co. Ltd.     2,000      2,303
China Steel Corp.     6,000      4,038
Chunghwa Telecom Co. Ltd., ADR       142      5,237
CTBC Financial Holding Co. Ltd.    14,000      9,226
Delta Electronics, Inc.     1,000      6,864
E.Sun Financial Holding Co. Ltd.    10,796     10,001
Far Eastern New Century Corp.     3,000      2,626
First Financial Holding Co. Ltd.    11,000      8,873
  Shares Value
Taiwan–(continued)
Formosa Chemicals & Fibre Corp.     2,000      $4,575
Fubon Financial Holding Co. Ltd.     6,000      8,508
Globalwafers Co. Ltd.     1,000     14,282
Hon Hai Precision Industry Co. Ltd.    29,000     77,204
MediaTek, Inc.     1,000     23,988
Mega Financial Holding Co. Ltd.    14,000     15,401
Nanya Technology Corp.     2,000      4,149
Pegatron Corp.    14,000     29,563
President Chain Store Corp.     1,000      9,532
Quanta Computer, Inc.     7,000     19,575
Sea Ltd., ADR(a)     1,135    138,697
Taiwan Cement Corp.     5,000      7,653
Taiwan Cooperative Financial Holding Co. Ltd.    14,000     10,238
Taiwan Semiconductor Manufacturing Co. Ltd., ADR     2,527    199,355
Uni-President Enterprises Corp.     6,000     14,586
United Microelectronics Corp., ADR    10,909     40,363
Yageo Corp.     1,000     13,316
Yuanta Financial Holding Co. Ltd.    15,000      9,159
      749,298
Tanzania–0.04%
AngloGold Ashanti Ltd.       206      6,649
Turkey–0.20%
Eregli Demir ve Celik Fabrikalari TAS    16,841     18,460
KOC Holding A.S.     1,547      3,599
Turkiye Garanti Bankasi A.S.(a)     3,193      3,211
Turkiye Is Bankasi A.S., Class C(a)    14,894     10,294
      35,564
United Kingdom–5.08%
AstraZeneca PLC       903    100,155
Aviva PLC     3,720     12,950
BAE Systems PLC     3,830     24,698
Barclays PLC     5,545      7,364
BP PLC     5,119     18,557
British American Tobacco PLC     3,288    109,119
BT Group PLC     4,736      6,145
Coca-Cola European Partners PLC       116      4,776
Compass Group PLC       271      3,747
Diageo PLC       593     21,730
Experian PLC       271      9,549
Fiat Chrysler Automobiles N.V.(a)       820      8,396
GlaxoSmithKline PLC     4,101     82,355
Imperial Brands PLC       426      7,148
Legal & General Group PLC     3,017      8,537
Lloyds Banking Group PLC    30,059     10,424
London Stock Exchange Group PLC     1,045    116,560
National Grid PLC     5,390     63,746
Natwest Group PLC     1,787      2,498
Prudential PLC       787     11,502
Reckitt Benckiser Group PLC       890     90,017
RELX PLC       387      8,216
Royal Dutch Shell PLC, Class A     1,509     22,298
Schroders PLC       309     12,052
Smith & Nephew PLC       348      6,948
SSE PLC     1,341     22,950
Standard Chartered PLC     1,328      6,750
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
United Kingdom–(continued)
Tesco PLC    15,694     $44,748
Unilever N.V.       322     19,060
Unilever PLC       271     16,276
Vodafone Group PLC     5,932      9,010
      888,281
United States–0.32%
Atlassian Corp. PLC, Class A(a)       103     18,195
Ferguson PLC        90      8,049
JBS S.A.     2,600     10,736
Spotify Technology S.A.(a)        77     19,852
      56,832
Vietnam–0.00%
Vietnam Dairy Products JSC         2          9
Total Common Stocks & Other Equity Interests (Cost $11,985,095) 13,611,620
Preferred Stocks–1.91%
Multinational–1.51%
Harambee Re Ltd., Pfd.(c)     3,485      6,464
Lion Rock Re Ltd., Pfd.(c)        25     30,850
Lorenz Re Ltd., Pfd.(c)       275     23,168
Mt. Logan Re Ltd., Pfd.(c)       116    117,157
NCM Re Ltd., Pfd.(c)     1,361     23,469
Thopas Re Ltd., Pfd.(c)       500     24,284
Turing Re Ltd., Series 2019-1, Pfd. (Acquired 03/26/2019; Cost $88,570)(b)(c)       886     37,653
Viribus Re Ltd., Pfd.(c)    38,090        608
      263,653
  Shares Value
Singapore–0.40%
Grab Holdings, Inc., H Shares, Pfd.(c)    11,374     $70,097
Total Preferred Stocks (Cost $398,422) 333,750
  Principal
Amount 		 
Event-Linked Bonds–0.76%
Multinational–0.76%
Alturas RE Segregated Account,0.00%, 12/31/2020 (Acquired 12/20/2018; Cost $1,000)(b)(c)(e)     1,000     18,987
Eden RE II Ltd., Class A,0.00%, 12/31/2020 (Acquired 12/14/2018; Cost $2,500)(b)(c)(e)     2,500     20,202
Limestone Re Ltd., Class A,0.00%, 12/31/2020 (Acquired 12/27/2018; Cost $5,265)(b)(c)(e)     5,265     25,566
Sector Re V Ltd., Series 2019-1, Class A,0.00%, 12/31/2020 (Acquired 04/23/2019; Cost $120,000)(b)(c)(e)   120,000     53,608
Versutus Re Ltd.,0.00%, 12/31/2020(c)(e)    12,410     14,428
Total Event-Linked Bonds (Cost $141,175) 132,791
  Shares  
Money Market Funds–5.97%
Invesco Government & Agency Portfolio, Institutional Class, 0.07%(f)(g)
(Cost $1,043,787) 		1,043,787  1,043,787
TOTAL INVESTMENTS IN SECURITIES—86.49% (Cost $13,568,479) 15,121,948
OTHER ASSETS LESS LIABILITIES–13.51% 2,362,287
NET ASSETS–100.00% $17,484,235
Investment Abbreviations:
ADR – American Depositary Receipt
BR – Bearer Shares
GDR – Global Depositary Receipt
PC – Participation Certificate
Pfd. – Preferred
REIT – Real Estate Investment Trust
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 “1933 Act”). 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, 2020 was $648,825, which represented 3.71% of the Fund’s Net Assets.
(c) Security valued using significant unobservable inputs (Level 3). See Note 1.
(d) The Fund holds securities which have been issued by the same entity and that trade on separate exchanges.
(e) Zero coupon bond issued at a discount. The interest rate shown represents the yield to maturity at issue.
(f) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the nine months ended July 31, 2020.
    
  Value
October 31, 2019 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain 		Value
July 31, 2020 		Dividend
Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $30,485,214 $53,456,467 $(82,897,894) $- $- $1,043,787 $194,380
Investments in Other Affiliates:              
Invesco Russell 1000 Dynamic Multifactor ETF 4,615,232 - (4,587,052) (599,336) 571,156 - 27,657
Total $35,100,446 $53,456,467 $(87,484,946) $(599,336) $571,156 $1,043,787 $222,037
    
(g) The rate shown is the 7-day SEC standardized yield as of July 31, 2020.
    
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
Open Futures Contracts
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
Currency Risk
Canadian Dollar 14 September-2020 $1,046,080 $11,472 $11,472
Equity Risk
S&P/TSX 60 Index 8 September-2020 1,153,190 32,537 32,537
Total Futures Contracts $44,009 $44,009
    
Open Over-The-Counter Total Return Swap Agreements(a)
Counterparty Pay/
Receive 		Reference Entity Floating
Rate
Index 		Payment
Frequency 		Number of
Contracts 		Maturity Date Notional Value Upfront
Payments
Paid
(Received) 		Value Unrealized
Appreciation
Equity Risk                      
Goldman Sachs International Pay MSCI Emerging Markets Minimum Volatility Notes 1 mo. USD LIBOR + 15 bps Monthly 709 September—2020 $ 1,335,494 $— $4,148 $4,148
Goldman Sachs International Pay MSCI Emerging Markets Minimum Volatility Notes 1 mo. USD LIBOR + 81 bps Monthly 690 September—2020   1,167,238 — 33,154 33,154
Total — Total Return Swap Agreements         $— $37,302 $37,302
    
(a) The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively.
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 Advantage International Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 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 July 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 $— $679,862 $— $679,862
Belgium — 68,238 — 68,238
Brazil 499,030 — — 499,030
Chile 24,419 — — 24,419
China 661,847 1,280,080 3,811 1,945,738
Colombia 7,949 — — 7,949
Denmark — 342,806 — 342,806
Finland — 86,331 — 86,331
France — 901,352 — 901,352
Germany — 774,392 — 774,392
Hong Kong — 320,906 — 320,906
Indonesia — 57,547 — 57,547
Ireland — 68,686 — 68,686
Israel 8,022 — — 8,022
Italy — 144,836 — 144,836
Japan — 2,403,678 — 2,403,678
Macau — 13,643 — 13,643
Malaysia — 57,131 — 57,131
Mexico 83,624 — — 83,624
Multinational — — 396,444 396,444
Netherlands 21,273 663,666 — 684,939
Norway — 16,003 — 16,003
Philippines — 18,538 — 18,538
Poland — 17,735 — 17,735
Portugal — 6,093 — 6,093
Russia 241,840 30,277 — 272,117
Singapore — — 70,097 70,097
South Africa — 103,323 — 103,323
South Korea — 461,266 — 461,266
Spain 3,559 229,233 — 232,792
Sweden — 309,587 — 309,587
Switzerland — 1,264,404 — 1,264,404
Taiwan 401,613 347,685 — 749,298
Tanzania — 6,649 — 6,649
Turkey — 35,564 — 35,564
United Kingdom 4,776 883,505 — 888,281
United States 48,783 8,049 — 56,832
Vietnam — 9 — 9
Money Market Funds 1,043,787 — — 1,043,787
Total Investments in Securities 3,050,522 11,601,074 470,352 15,121,948
Invesco Advantage International Fund
  Level 1 Level 2 Level 3 Total
Other Investments - Assets*        
Futures Contracts $44,009 $— $— $44,009
Swap Agreements — 37,302 — 37,302
Total Other Investments 44,009 37,302 — 81,311
Total Investments $3,094,531 $11,638,376 $470,352 $15,203,259
    
* Unrealized appreciation.
A reconciliation of Level 3 investments is presented when the Trust had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) during the nine months ended July 31, 2020:
  Value
October 31, 2019 		Purchases
at Cost 		Proceeds
from Sales 		Accrued
Discounts/
Premiums 		Realized
Gain (Loss) 		Change in
Unrealized
Appreciation
(Depreciation) 		Transfers
into
Level 3 		Transfers
out of
Level 3 		Value
July 31, 2020
Common Stocks & Other Equity Interests $— $49,586 $ (48,083) $— $998 $ 1,310 $— $— $3,811
Preferred Stocks 1,959,347 876,250 (2,647,956) — 100,031 46,078 — — 333,750
Event-Linked Bonds 1,298,796 398,549 (1,570,001) — 12,627 (7,180) — — 132,791
Total $3,258,143 $1,324,385 $(4,266,040) $— $ 113,656 $ 40,208 $— $— $ 470,352
NOTE 2—Coronavirus (COVID-19) Pandemic
During the first quarter of 2020, the World Health Organization declared 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.
The extent of the impact on the performance of the Fund and its investments will depend on future developments, including the duration and spread of the COVID-19 outbreak, related restrictions and advisories, and the effects on the financial markets and economy overall, all of which are highly uncertain and cannot be predicted.
Invesco Advantage International Fund