NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2021
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–65.14%
Australia–3.30%
BHP Group Ltd.     3,807    $126,566
BHP Group PLC     3,444     94,625
Brambles Ltd.     2,845     23,088
Coles Group Ltd.       990     13,745
Fortescue Metals Group Ltd.     5,536     91,720
Glencore PLC(a)     7,754     26,078
Goodman Group       851     11,470
Macquarie Group Ltd.        28      2,798
Newcrest Mining Ltd.       307      5,803
Rio Tinto Ltd.       962     80,633
Rio Tinto PLC     1,911    146,044
Telstra Corp. Ltd.     4,965     11,795
Wesfarmers Ltd.     1,013     42,127
Woolworths Group Ltd.       879     27,360
      703,852
Austria–0.04%
OMV AG       223      9,343
Belgium–0.39%
Anheuser-Busch InBev S.A./N.V.       948     59,536
Groupe Bruxelles Lambert S.A.        56      5,551
KBC Group N.V.(a)        98      6,851
UCB S.A.        98     10,164
      82,102
Brazil–1.68%
Ambev S.A.     1,900      5,247
B2W Cia Digital(a)       200      3,009
B3 S.A. - Brasil, Bolsa, Balcao     5,400     59,020
Banco Bradesco S.A., Preference Shares     2,020      9,134
Banco do Brasil S.A.       500      3,094
CCR S.A.     1,400      3,101
Gerdau S.A., Preference Shares     1,100      4,674
Itau Unibanco Holding S.A., Preference Shares       700      3,626
Localiza Rent a Car S.A.       400      4,670
Lojas Renner S.A.       300      2,274
Magazine Luiza S.A.     7,500     34,639
Natura & Co. Holding S.A.(a)       700      6,277
Petroleo Brasileiro S.A., Preference Shares    11,800     57,562
Suzano S.A.(a)       500      5,670
Vale S.A.     6,800    109,307
WEG S.A.     2,100     32,160
XP, Inc., Class A(a)       349     15,230
      358,694
Chile–0.06%
Falabella S.A.     1,707      5,844
Sociedad Quimica y Minera de Chile S.A., Class B, Preference Shares       139      7,027
      12,871
  Shares Value
China–12.02%
Agricultural Bank of China Ltd., H Shares     8,000      $2,902
Alibaba Group Holding Ltd., ADR(a)     1,562    396,482
Alibaba Health Information Technology Ltd.(a)     4,000     12,478
Anhui Conch Cement Co. Ltd., H Shares     1,000      5,931
ANTA Sports Products Ltd.     1,000     16,662
Autohome, Inc., ADR        84      9,259
Baidu, Inc., ADR(a)       446    104,819
Bank of China Ltd., H Shares    30,000     10,190
Bank of Communications Co. Ltd., H Shares    13,000      7,027
BeiGene Ltd., ADR(a)       153     48,960
Bilibili, Inc., ADR(a)       237     26,992
BOC Hong Kong Holdings Ltd.     1,500      4,505
Brilliance China Automotive Holdings Ltd.     4,000      3,148
BYD Co. Ltd., H Shares     2,500     76,033
China Construction Bank Corp., H Shares    48,000     36,466
China Feihe Ltd.(b)     4,000     11,982
China Galaxy Securities Co. Ltd., H Shares     7,500      4,505
China Life Insurance Co. Ltd., H Shares    16,000     34,058
China Literature Ltd.(a)(b)       600      5,709
China Mengniu Dairy Co. Ltd.(a)     2,000     11,975
China Merchants Bank Co. Ltd., H Shares    10,000     77,220
China Minsheng Banking Corp. Ltd., H Shares     6,000      3,428
China Overseas Land & Investment Ltd.     5,000     11,334
China Pacific Insurance (Group) Co. Ltd., H Shares     4,600     18,970
China Petroleum & Chemical Corp., H Shares    18,000      8,570
China Resources Beer Holdings Co. Ltd.     2,000     17,794
China Shenhua Energy Co. Ltd., H Shares     2,000      3,699
China Tower Corp. Ltd., H Shares(b)    28,000      4,069
CITIC Securities Co. Ltd., H Shares     5,000     10,951
Country Garden Services Holdings Co. Ltd.     2,000     16,292
CSPC Pharmaceutical Group Ltd.     6,640      6,772
ENN Energy Holdings Ltd.       500      7,744
GDS Holdings Ltd., ADR(a)       112     11,599
Geely Automobile Holdings Ltd.     5,000     18,151
GF Securities Co. Ltd., H Shares     2,400      3,514
Great Wall Motor Co. Ltd., H Shares    11,000     34,530
GSX Techedu, Inc., ADR(a)       195     20,477
Haier Smart Home Co. Ltd., H Shares(a)     1,600      6,624
Huazhu Group Ltd., ADR       181      8,779
Industrial & Commercial Bank of China Ltd., H Shares    37,000     23,701
Innovent Biologics, Inc.(a)(b)     2,500     28,415
JD.com, Inc., ADR(a)     2,162    191,748
Lenovo Group Ltd.    12,000     14,102
Li Ning Co. Ltd.     4,500     28,335
Longfor Group Holdings Ltd.(b)     1,000      5,632
Meituan Dianping, B Shares(a)     4,300    196,132
Momo, Inc., ADR       377      5,761
NetEase, Inc., ADR       982    112,920
New China Life Insurance Co. Ltd., H Shares     1,800      6,693
New Oriental Education & Technology Group, Inc., ADR(a)       293     49,078
Nongfu Spring Co. Ltd., H Shares(a)(b)     1,000      7,563
 
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
China–(continued)
PetroChina Co. Ltd., H Shares    26,000      $7,895
Pinduoduo, Inc., ADR(a)     1,171    194,046
Ping An Insurance (Group) Co. of China Ltd., H Shares     1,500     17,692
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares     4,000      7,452
Shenzhou International Group Holdings Ltd.       700     13,842
Shimao Group Holdings Ltd.     1,000      2,915
Sino Biopharmaceutical Ltd.     9,500      8,854
Sinopharm Group Co. Ltd., H Shares     1,200      2,932
Sunny Optical Technology Group Co. Ltd.       400     10,457
TAL Education Group, ADR(a)       181     13,915
Tencent Holdings Ltd.     3,300    288,892
Tencent Music Entertainment Group, ADR(a)       920     24,472
Trip.com Group Ltd., ADR(a)       112      3,565
Vipshop Holdings Ltd., ADR(a)       404     11,078
Weichai Power Co. Ltd., H Shares     2,000      5,944
Wilmar International Ltd.     1,800      7,138
WuXi AppTec Co. Ltd., H Shares(b)       300      7,136
Wuxi Biologics Cayman, Inc.(a)(b)     6,500     90,929
Yihai International Holding Ltd.(a)     1,000     16,412
Yum China Holdings, Inc.       209     11,852
Zhongsheng Group Holdings Ltd.     1,000      5,851
Zijin Mining Group Co. Ltd., H Shares     8,000      8,882
ZTO Express Cayman, Inc., ADR       363     12,008
      2,564,839
Colombia–0.03%
Interconexion Electrica S.A. ESP       952      6,151
Denmark–1.80%
AP Moller - Maersk A/S, Class B        14     28,966
Carlsberg A/S, Class B        28      4,104
Coloplast A/S, Class B        98     14,641
Danske Bank A/S(a)       753     12,899
DSV Panalpina A/S       112     17,467
Genmab A/S(a)        44     17,541
Novo Nordisk A/S, Class B     2,831    196,912
Novozymes A/S, Class B       181     10,873
Orsted A/S(b)       167     31,559
Vestas Wind Systems A/S       227     48,573
      383,535
Finland–0.42%
Fortum OYJ       307      7,439
Kone OYJ, Class B       237     18,631
Neste OYJ       293     20,702
Nokia OYJ(a)     5,773     27,673
UPM-Kymmene OYJ       418     14,907
      89,352
France–4.22%
Air Liquide S.A.       293     47,880
AXA S.A.       823     18,199
BNP Paribas S.A.(a)       669     32,220
Bouygues S.A.       279     10,964
Bureau Veritas S.A.(a)       112      2,945
Capgemini SE       106     15,349
Carrefour S.A.       725     12,259
Cie de Saint-Gobain       641     31,908
  Shares Value
France–(continued)
Cie Generale des Etablissements Michelin S.C.A.       153     $21,121
Credit Agricole S.A.(a)       934     10,609
Danone S.A.       307     20,454
Dassault Systemes SE        28      5,598
Electricite de France S.A.(a)       641      7,979
ENGIE S.A.(a)     1,743     27,076
Gecina S.A.       112     15,971
Hermes International        28     28,599
Kering S.A.        56     36,748
Legrand S.A.       112     10,304
L’Oreal S.A.       195     68,352
LVMH Moet Hennessy Louis Vuitton SE        98     59,172
Orange S.A.     1,618     19,024
Pernod Ricard S.A.        84     15,854
Sanofi     1,060     99,591
Sartorius Stedim Biotech        56     23,449
Schneider Electric SE       683    100,126
Societe Generale S.A.(a)     1,548     28,927
Thales S.A.        70      6,291
TOTAL SE     1,325     55,936
Veolia Environnement S.A.       279      7,459
Vinci S.A.       558     51,774
Vivendi S.A.       293      8,990
      901,128
Germany–3.82%
adidas AG(a)       139     44,182
Allianz SE       237     53,725
BASF SE       892     69,199
Bayer AG       725     43,925
Bayerische Motoren Werke AG       126     10,707
Beiersdorf AG        28      3,072
Continental AG        98     13,776
Daimler AG       474     33,428
Delivery Hero SE(a)(b)        56      8,523
Deutsche Bank AG(a)     1,171     11,926
Deutsche Post AG       920     45,527
Deutsche Telekom AG     2,134     38,056
Deutsche Wohnen SE       892     44,229
Evonik Industries AG       948     31,304
Fresenius Medical Care AG & Co. KGaA       209     16,964
Fresenius SE & Co. KGaA       725     32,357
Henkel AG & Co. KGaA, Preference Shares       126     13,087
Infineon Technologies AG       572     23,005
Knorr-Bremse AG        42      5,572
Merck KGaA       223     37,266
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen        84     22,332
RWE AG       181      7,789
SAP SE       237     30,170
Sartorius AG, Preference Shares        84     41,876
Siemens AG       418     64,734
Volkswagen AG, Preference Shares       279     53,051
Vonovia SE       223     14,935
      814,717
Hong Kong–1.68%
AIA Group Ltd.     7,200     88,217
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Hong Kong–(continued)
CK Asset Holdings Ltd.     5,500     $27,888
CK Hutchison Holdings Ltd.     4,000     27,742
CK Infrastructure Holdings Ltd.       500      2,668
CLP Holdings Ltd.       500      4,683
Henderson Land Development Co. Ltd.     1,000      4,094
Hong Kong & China Gas Co. Ltd. (The)     7,850     11,256
Hong Kong Exchanges & Clearing Ltd.     2,000    128,475
Hongkong Land Holdings Ltd.     2,100      9,721
Link REIT     1,900     16,747
MTR Corp. Ltd.       500      2,904
Sun Hung Kai Properties Ltd.     1,500     20,650
WH Group Ltd.     8,500      6,947
Wharf Real Estate Investment Co. Ltd.     1,000      5,333
      357,325
Indonesia–0.15%
PT Astra International Tbk    11,000      4,790
PT Bank Central Asia Tbk     2,800      6,752
PT Telekomunikasi Indonesia (Persero) Tbk    79,600     17,575
PT United Tractors Tbk     2,200      3,570
      32,687
Ireland–0.32%
CRH PLC       209      8,607
Flutter Entertainment PLC(a)       265     49,278
Kerry Group PLC, Class A        84     11,394
      69,279
Israel–0.02%
Check Point Software Technologies Ltd.(a)        28      3,577
Italy–0.74%
Assicurazioni Generali S.p.A.       879     15,017
Atlantia S.p.A.(a)       530      8,418
Enel S.p.A.     4,686     46,530
Eni S.p.A.     3,375     34,069
Ferrari N.V.        42      8,770
Intesa Sanpaolo S.p.A.(a)     9,078     19,859
Poste Italiane S.p.A.(b)       544      5,327
UniCredit S.p.A.(a)     2,092     19,130
      157,120
Japan–11.33%
Aeon Co. Ltd.       700     21,953
Ajinomoto Co., Inc.       400      9,430
Asahi Group Holdings Ltd.       200      8,140
Asahi Kasei Corp.       400      4,483
Astellas Pharma, Inc.     1,500     24,332
Bridgestone Corp.       800     29,692
Canon, Inc.       800     17,646
Central Japan Railway Co.       100     14,473
Chubu Electric Power Co., Inc.       900     11,004
Chugai Pharmaceutical Co. Ltd.       600     31,692
Dai-ichi Life Holdings, Inc.     1,700     26,251
Daiichi Sankyo Co. Ltd.       700     22,554
Daikin Industries Ltd.       200     42,581
Denso Corp.       600     33,422
East Japan Railway Co.       200     13,538
Eisai Co. Ltd.       200     14,660
FANUC Corp.       200     52,521
  Shares Value
Japan–(continued)
FUJIFILM Holdings Corp.       200     $11,463
Fujitsu Ltd.       200     30,456
Hitachi Ltd.       400     16,522
Honda Motor Co. Ltd.     1,600     42,307
Hoya Corp.       400     51,153
INPEX Corp.     3,700     21,777
ITOCHU Corp.     1,600     45,933
Japan Post Holdings Co. Ltd.     1,100      8,774
Japan Tobacco, Inc.       900     17,884
Kao Corp.       400     29,114
KDDI Corp.     1,800     53,004
Keyence Corp.       110     59,174
Kirin Holdings Co. Ltd.       500     10,755
Komatsu Ltd.       700     19,290
Kubota Corp.       500     11,019
Kyocera Corp.       300     19,257
M3, Inc.       600     50,307
MEIJI Holdings Co. Ltd.       100      6,814
Mitsubishi Corp.     1,900     48,205
Mitsubishi Electric Corp.     1,000     15,290
Mitsubishi Estate Co. Ltd.       500      7,979
Mitsubishi UFJ Financial Group, Inc.    10,400     46,858
Mitsui & Co. Ltd.     1,500     27,866
Mitsui Fudosan Co. Ltd.       400      8,219
Mizuho Financial Group, Inc.     1,370     18,275
MS&AD Insurance Group Holdings, Inc.       500     14,480
Murata Manufacturing Co. Ltd.       400     38,524
Nexon Co. Ltd.       200      6,080
Nidec Corp.     1,020    135,465
Nintendo Co. Ltd.       200    115,589
Nippon Paint Holdings Co. Ltd.       300     27,064
Nippon Telegraph & Telephone Corp.     4,000     99,712
Nissan Motor Co. Ltd.(a)     1,100      5,623
Nitori Holdings Co. Ltd.       100     19,811
Nomura Holdings, Inc.     3,300     17,488
NTT Data Corp.       300      4,328
Olympus Corp.     1,200     21,735
Ono Pharmaceutical Co. Ltd.       600     17,968
Oriental Land Co. Ltd.       100     15,656
ORIX Corp.     1,400     22,698
Otsuka Holdings Co. Ltd.       300     12,832
Panasonic Corp.     1,400     18,147
Recruit Holdings Co. Ltd.     1,600     69,712
Renesas Electronics Corp.(a)       800      9,136
Secom Co. Ltd.       100      9,079
Sekisui House Ltd.     1,300     25,150
Seven & i Holdings Co. Ltd.       800     30,387
Shin-Etsu Chemical Co. Ltd.       100     17,414
Shionogi & Co. Ltd.       300     16,322
Shiseido Co. Ltd.       100      6,562
SMC Corp.        50     30,347
Softbank Corp.     2,000     26,245
SoftBank Group Corp.       600     46,224
Sompo Holdings, Inc.       300     11,992
Sony Corp.       800     76,556
Subaru Corp.       300      5,782
Sumitomo Corp.     1,300     17,286
Sumitomo Mitsui Financial Group, Inc.     1,700     52,915
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Japan–(continued)
Sumitomo Mitsui Trust Holdings, Inc.       300      $9,114
Sumitomo Realty & Development Co. Ltd.       100      3,034
Suzuki Motor Corp.       100      4,518
Sysmex Corp.       200     23,313
Takeda Pharmaceutical Co. Ltd.     1,038     36,395
Terumo Corp.       200      7,823
Tokio Marine Holdings, Inc.       300     14,982
Tokyo Electron Ltd.       100     38,143
Tokyo Gas Co. Ltd.     1,100     24,034
Toyota Industries Corp.       100      7,889
Toyota Motor Corp.     1,500    104,890
Unicharm Corp.       300     13,419
Z Holdings Corp.     4,600     28,457
      2,416,387
Macau–0.04%
Galaxy Entertainment Group Ltd.     1,000      7,768
Malaysia–0.23%
Axiata Group Bhd.     8,800      7,268
Hartalega Holdings Bhd.     8,500     27,001
Petronas Chemicals Group Bhd.     3,100      5,146
Petronas Gas Bhd.     1,100      4,365
Sime Darby Bhd.    11,100      6,047
      49,827
Mexico–0.34%
Fomento Economico Mexicano, S.A.B. de C.V., ADR        56      3,811
Grupo Bimbo S.A.B. de C.V., Series A     2,000      3,758
Grupo Elektra S.A.B. de C.V.        70      4,733
Grupo Mexico S.A.B. de C.V., Class B     3,300     14,141
Industrias Penoles S.A.B. de C.V.       400      5,986
Wal-Mart de Mexico S.A.B. de C.V., Series V    13,773     39,204
      71,633
Netherlands–2.40%
Adyen N.V.(a)(b)        28     58,343
Akzo Nobel N.V.        98      9,936
ASML Holding N.V.       321    170,908
EXOR N.V.       251     18,675
Heineken Holding N.V.       126     11,054
ING Groep N.V.(a)     2,245     19,941
Koninklijke Ahold Delhaize N.V.     1,938     55,458
Koninklijke DSM N.V.       153     26,719
Koninklijke KPN N.V.     3,905     12,201
Koninklijke Philips N.V.(a)       753     41,039
NXP Semiconductors N.V.       335     53,757
Prosus N.V.(a)       126     14,640
Wolters Kluwer N.V.       237     19,671
      512,342
Norway–0.12%
DNB ASA(a)       453      8,843
Equinor ASA       460      8,225
Telenor ASA       544      9,006
      26,074
Peru–0.02%
Credicorp Ltd.        28      4,209
  Shares Value
Philippines–0.07%
Ayala Corp.       530      $8,502
Ayala Land, Inc.     7,800      6,117
      14,619
Poland–0.10%
CD Projekt S.A.(a)        56      4,577
KGHM Polska Miedz S.A.(a)       279     13,942
Polskie Gornictwo Naftowe i Gazownictwo S.A.     2,538      3,833
      22,352
Russia–0.72%
Gazprom PJSC, ADR     1,534      8,575
LUKOIL PJSC, ADR(c)       254     17,995
LUKOIL PJSC, ADR(c)        25      1,783
Magnit PJSC, GDR(b)       363      5,416
MMC Norilsk Nickel PJSC, ADR       223      7,205
Novatek PJSC, GDR(b)        28      4,656
Polyus PJSC, GDR(b)       181     17,113
Rosneft Oil Co. PJSC, GDR(b)     1,311      8,126
Sberbank of Russia PJSC, ADR     2,803     38,429
Severstal PAO, GDR(b)       234      3,919
Surgutneftegas PJSC, ADR     2,524     11,106
Tatneft PJSC, ADR        91      3,568
Yandex N.V., Class A(a)       404     25,307
      153,198
Singapore–0.09%
CapitaLand Ltd.     1,200      2,884
Oversea-Chinese Banking Corp. Ltd.     1,400     10,811
Singapore Telecommunications Ltd.     3,100      5,505
      19,200
South Africa–0.72%
Absa Group Ltd.       572      4,293
Anglo American PLC     1,701     55,936
Discovery Ltd.     1,422     12,047
FirstRand Ltd.     1,018      3,188
Gold Fields Ltd.     2,092     19,893
Naspers Ltd., Class N       209     47,972
Shoprite Holdings Ltd.       837      7,706
Standard Bank Group Ltd.       363      3,013
      154,048
South Korea–2.47%
Celltrion, Inc.(a)        84     24,345
Hyundai Mobis Co. Ltd.        98     27,605
Hyundai Motor Co.       126     25,548
KB Financial Group, Inc.(a)       892     32,266
Kia Motors Corp.       181     13,262
LG Chem Ltd.        70     57,064
LG Corp.        42      3,708
LG Household & Health Care Ltd.         6      8,339
NAVER Corp.       251     76,996
POSCO        42      9,249
Samsung Biologics Co. Ltd.(a)(b)        14      9,889
Samsung Electronics Co. Ltd.     2,468    180,119
Samsung SDS Co. Ltd.        42      7,345
SK Holdings Co. Ltd.        14      3,873
SK Hynix, Inc.       321     34,941
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
South Korea–(continued)
SK Telecom Co. Ltd.        56     $12,219
      526,768
Spain–1.13%
Aena SME S.A.(a)(b)        56      8,590
Amadeus IT Group S.A.       377     23,864
Banco Bilbao Vizcaya Argentaria S.A.     4,016     18,289
Banco Santander S.A.(a)    13,123     38,381
CaixaBank S.A.(a)     1,785      4,512
Cellnex Telecom S.A.(b)       112      6,562
Endesa S.A.       404     10,332
Ferrovial S.A.       335      8,040
Iberdrola S.A.     3,640     49,365
Industria de Diseno Textil S.A.       349     10,354
Naturgy Energy Group S.A.       432     11,153
Repsol S.A.     1,478     14,490
Siemens Gamesa Renewable Energy S.A., Class R       335     13,706
Telefonica S.A.(a)     5,467     23,496
      241,134
Sweden–1.12%
Atlas Copco AB, Class A       377     20,522
Epiroc AB, Class A     1,004     19,271
Essity AB, Class B       195      6,220
Hennes & Mauritz AB, Class B       271      5,772
Hexagon AB, Class B        84      7,350
Investor AB, Class B       641     47,005
Sandvik AB(a)     1,395     34,762
Skandinaviska Enskilda Banken AB, Class A(a)       544      5,943
Telefonaktiebolaget LM Ericsson, Class B     3,375     42,636
Telia Co. AB     2,259      9,902
Volvo AB, Class B(a)     1,632     40,334
      239,717
Switzerland–4.46%
ABB Ltd.       753     22,224
Credit Suisse Group AG     1,144     15,077
EMS-Chemie Holding AG        15     14,140
Geberit AG        28     17,138
Givaudan S.A.         4     16,144
Kuehne + Nagel International AG        28      6,378
LafargeHolcim Ltd.(a)       349     18,838
Lonza Group AG        56     35,823
Nestle S.A.     2,078    232,791
Novartis AG     2,134    193,031
Partners Group Holding AG        28     33,119
Roche Holding AG       544    187,507
Schindler Holding AG, PC        29      7,661
Sika AG       139     37,803
STMicroelectronics N.V.       251     10,122
Swatch Group AG (The), BR        42     12,104
Swiss Re AG       223     19,676
Swisscom AG        14      7,625
UBS Group AG     2,482     35,831
Zurich Insurance Group AG        70     27,868
      950,900
  Shares Value
Taiwan–3.98%
ASE Technology Holding Co. Ltd., ADR     1,586     $10,563
Asustek Computer, Inc.     2,000     20,505
Cathay Financial Holding Co. Ltd.    18,000     25,677
Chunghwa Telecom Co. Ltd., ADR       488     18,886
Delta Electronics, Inc.     3,000     30,326
Far EasTone Telecommunications Co. Ltd.     2,000      4,287
Hon Hai Precision Industry Co. Ltd.    15,000     59,839
MediaTek, Inc.     3,000     94,032
Nanya Technology Corp.     1,000      2,841
Pegatron Corp.     5,000     14,017
Quanta Computer, Inc.     4,000     11,503
Sea Ltd., ADR(a)       446     96,653
Taiwan Cement Corp.     3,200      4,591
Taiwan Cooperative Financial Holding Co. Ltd.    20,600     14,100
Taiwan Semiconductor Manufacturing Co. Ltd., ADR     2,747    333,815
Uni-President Enterprises Corp.     2,000      4,862
United Microelectronics Corp., ADR     9,553     86,455
Yuanta Financial Holding Co. Ltd.    23,600     16,791
      849,743
Tanzania–0.03%
AngloGold Ashanti Ltd.       307      7,268
Turkey–0.09%
BIM Birlesik Magazalar A.S.       604      5,925
Eregli Demir ve Celik Fabrikalari TAS     6,708     13,052
      18,977
United Kingdom–4.19%
Associated British Foods PLC(a)       139      4,028
AstraZeneca PLC       502     51,252
Aviva PLC     5,188     23,705
BAE Systems PLC     2,301     14,553
Barclays PLC     9,427     17,246
BP PLC    13,109     48,714
British American Tobacco PLC     2,496     90,844
BT Group PLC    15,437     26,538
Coca-Cola European Partners PLC       195      9,062
Diageo PLC     1,422     57,384
Experian PLC       865     30,254
GlaxoSmithKline PLC     3,026     56,214
Imperial Brands PLC     1,785     35,924
Legal & General Group PLC     5,578     18,618
Lloyds Banking Group PLC(a)    64,079     28,758
London Stock Exchange Group PLC       223     26,517
National Grid PLC     2,050     23,830
Natwest Group PLC     3,793      7,624
Prudential PLC     1,548     24,816
Reckitt Benckiser Group PLC       586     49,766
RELX PLC       781     19,373
Royal Dutch Shell PLC, Class A     3,319     60,397
Smith & Nephew PLC       711     14,973
SSE PLC       377      7,654
Standard Chartered PLC     2,970     18,034
Tesco PLC     5,494     17,990
Unilever PLC     1,018     59,337
Vodafone Group PLC    29,299     50,109
      893,514
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
United States–0.80%
Atlassian Corp. PLC, Class A(a)        98     $22,651
Ferguson PLC       474     55,148
JBS S.A.       800      3,536
Spotify Technology S.A.(a)       167     52,605
Stellantis N.V.(c)     1,576     23,925
Stellantis N.V.(c)       850     12,908
      170,773
Vietnam–0.00%
Vietnam Dairy Products JSC         2          9
Total Common Stocks & Other Equity Interests (Cost $11,045,720) 13,897,032
Preferred Stocks–0.90%
Multinational–0.90%
Harambee Re Ltd., Pfd.(d)     1,788      6,131
Lion Rock Re Ltd., Pfd.(d)        25     19,718
Lorenz Re Ltd., Pfd.(d)       150     17,038
Mt. Logan Re Ltd., Pfd.(d)       116    104,289
NCM Re Ltd., Pfd.(d)     1,361     23,962
Thopas Re Ltd., Pfd.(d)        95     12,406
Turing Re Ltd., Series 2019-1, Pfd.(b)(d)       886      6,563
Viribus Re Ltd., Pfd.(d)    38,090      2,778
Total Preferred Stocks (Cost $273,540) 192,885
  Principal
Amount 		 
Event-Linked Bonds–0.42%
Multinational–0.42%
Alturas RE Segregated Account, Catastrophe Linked Notes,0.00%, 12/31/2022(b)(d)(e)       $1,000      3,112
  Principal
Amount 		Value
Multinational–(continued)
Eden RE II Ltd., Class A, Catastrophe Linked Notes,0.00%, 03/22/2023(b)(d)(e)         $720      $8,312
Limestone Re Ltd., Class A, Catastrophe Linked Notes,0.00%, 09/09/2022(b)(d)(e)       1,175     12,853
Sector Re V Ltd., Series 2019-1, Class A, Catastrophe Linked Notes,0.00%, 03/01/2024(b)(d)(e)     120,000     52,275
Versutus Re Ltd., Catastrophe Linked Notes,0.00%, 12/31/2022(d)(e)      11,560     12,133
Total Event-Linked Bonds (Cost $134,455) 88,685
  Shares  
Money Market Funds–24.15%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(f)(g) 1,803,220  1,803,220
Invesco Liquid Assets Portfolio, Institutional Class, 0.05%(f)(g) 1,287,441  1,287,957
Invesco Treasury Portfolio, Institutional Class, 0.01%(f)(g) 2,060,822  2,060,822
Total Money Market Funds (Cost $5,151,990) 5,151,999
TOTAL INVESTMENTS IN SECURITIES—90.61% (Cost $16,605,705) 19,330,601
OTHER ASSETS LESS LIABILITIES–9.39% 2,002,882
NET ASSETS–100.00% $21,333,483
Investment Abbreviations:
ADR – American Depositary Receipt
BR – Bearer Shares
GDR – Global Depositary Receipt
PC – Participation Certificate
Pfd. – Preferred
REIT – Real Estate Investment Trust
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 January 31, 2021 was $412,573, which represented 1.93% of the Fund’s Net Assets.
(c) The Fund holds securities which have been issued by the same entity and that trade on separate exchanges.
(d) Security valued using significant unobservable inputs (Level 3). See Note 1.
(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 three months ended January 31, 2021.
    
  Value
October 31, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
January 31, 2021 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $507,570 $2,238,697 $(943,047) $- $- $1,803,220 $61
Invesco Liquid Assets Portfolio, Institutional Class 362,484 1,599,069 (673,605) 45 (36) 1,287,957 122
Invesco Treasury Portfolio, Institutional Class 580,080 2,558,510 (1,077,768) - - 2,060,822 29
Total $1,450,134 $6,396,276 $(2,694,420) $45 $(36) $5,151,999 $212
    
(g) The rate shown is the 7-day SEC standardized yield as of January 31, 2021.
    
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
(Depreciation)
Currency Risk
Canadian Dollar 17 March-2021 $1,328,040 $(4,001) $(4,001)
Equity Risk
S&P/TSX 60 Index 8 March-2021 1,280,125 (23,166) (23,166)
Total Futures Contracts $(27,167) $(27,167)
    
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
(Depreciation)
Equity Risk                      
Goldman Sachs International Receive MSCI Emerging Markets Minimum Volatility Notes 1 Month USD LIBOR + 76 bps Monthly 390 March—2021 $ 777,773 $— $667 $667
Subtotal — Appreciation         — 667 667
Equity Risk                      
Goldman Sachs International Receive MSCI EAFE Minimum Volatility Index 1 Month USD LIBOR + 40 bps Monthly 1,378 April—2021   2,885,877 — (47,128) (47,128)
Goldman Sachs International Receive MSCI EAFE Minimum Volatility Index 1 Month USD LIBOR + 38 bps Monthly 1,200 March—2021   2,517,120 — (45,060) (45,060)
Subtotal — Depreciation         — (92,188) (92,188)
Total — Total Return Swap Agreements         $— $(91,521) $(91,521)
    
(a) The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively.
    
Abbreviations:
LIBOR —London Interbank Offered Rate
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
January 31, 2021
(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, 2021. 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 $— $703,852 $— $703,852
Austria — 9,343 — 9,343
Belgium — 82,102 — 82,102
Brazil 358,694 — — 358,694
Chile 12,871 — — 12,871
China 1,264,434 1,300,405 — 2,564,839
Colombia 6,151 — — 6,151
Denmark — 383,535 — 383,535
Finland — 89,352 — 89,352
France — 901,128 — 901,128
Germany — 814,717 — 814,717
Hong Kong — 357,325 — 357,325
Indonesia — 32,687 — 32,687
Ireland — 69,279 — 69,279
Israel 3,577 — — 3,577
Italy — 157,120 — 157,120
Japan — 2,416,387 — 2,416,387
Macau — 7,768 — 7,768
Malaysia — 49,827 — 49,827
Mexico 71,633 — — 71,633
Multinational — — 281,570 281,570
Netherlands 53,757 458,585 — 512,342
Norway — 26,074 — 26,074
Peru 4,209 — — 4,209
Philippines — 14,619 — 14,619
Poland — 22,352 — 22,352
Russia 135,203 17,995 — 153,198
Singapore — 19,200 — 19,200
South Africa — 154,048 — 154,048
South Korea — 526,768 — 526,768
Spain — 241,134 — 241,134
Sweden — 239,717 — 239,717
Switzerland — 950,900 — 950,900
Taiwan 546,372 303,371 — 849,743
Tanzania — 7,268 — 7,268
Turkey — 18,977 — 18,977
United Kingdom 9,062 884,452 — 893,514
United States 91,700 79,073 — 170,773
Invesco Advantage International Fund
  Level 1 Level 2 Level 3 Total
Vietnam $— $9 $— $9
Money Market Funds 5,151,999 — — 5,151,999
Total Investments in Securities 7,709,662 11,339,369 281,570 19,330,601
Other Investments - Assets*        
Swap Agreements — 667 — 667
Other Investments - Liabilities*        
Futures Contracts (27,167) — — (27,167)
Swap Agreements — (92,188) — (92,188)
  (27,167) (92,188) — (119,355)
Total Other Investments (27,167) (91,521) — (118,688)
Total Investments $7,682,495 $11,247,848 $281,570 $19,211,913
    
* Unrealized appreciation (depreciation).
A reconciliation of Level 3 investments is presented when the Fund 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 three months ended January 31, 2021:
  Value
10/31/2020 		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
01/31/2021
Preferred Stocks $320,343 $– $(110,203) $– $(2,691) $(14,564) $– $– $192,885
Event-Linked Bonds 92,649 – (2,667) – 36 (1,333) – – 88,685
Total $412,992 $– $(112,870) $– $(2,655) $(15,897) $– $– $281,570
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