NPORT-EX 2 edgar.htm
Schedule of Investments
July 31, 2021
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–97.49%
Australia–0.60%
CSL Ltd. 102,836    $21,831,026
Brazil–2.10%
B3 S.A. - Brasil, Bolsa, Balcao 26,140,206    76,539,748
Canada–7.10%
Bank of Nova Scotia (The) 523,772    32,691,669
Canadian National Railway Co.(a) 330,797    35,943,284
CGI, Inc., Class A(b) 1,229,539   111,847,051
Magna International, Inc. 510,319    42,785,642
Ritchie Bros. Auctioneers, Inc. 593,842    35,451,549
      258,719,195
China–11.69%
Alibaba Group Holding Ltd., ADR(b) 386,798    75,499,102
China Feihe Ltd.(c) 5,049,000     9,693,685
China Mengniu Dairy Co. Ltd. 10,186,000    55,278,641
JD.com, Inc., ADR(b) 935,190    66,286,267
Kweichow Moutai Co. Ltd., A Shares 51,574    13,421,360
Prosus N.V. 313,889    27,852,470
Tencent Holdings Ltd. 1,480,600    91,369,813
Wuliangye Yibin Co. Ltd., A Shares 546,576    18,699,099
Yum China Holdings, Inc. 1,096,840    68,212,479
      426,312,916
Denmark–3.03%
Carlsberg A/S, Class B 285,693    52,870,391
Novo Nordisk A/S, Class B 621,438    57,562,598
      110,432,989
France–5.26%
Arkema S.A. 280,980    35,761,586
Kering S.A. 43,699    39,237,660
LVMH Moet Hennessy Louis Vuitton SE 51,391    41,126,085
Pernod Ricard S.A. 151,920    33,530,570
Sanofi 409,136    42,160,670
      191,816,571
Germany–1.88%
Deutsche Boerse AG 266,937    44,578,972
Knorr-Bremse AG 212,419    24,096,120
      68,675,092
Hong Kong–2.08%
AIA Group Ltd. 6,323,600    75,853,882
India–2.15%
HDFC Bank Ltd., ADR 1,112,623    78,517,805
Ireland–4.18%
CRH PLC 1,198,512    59,730,086
Flutter Entertainment PLC(b) 275,275    47,048,172
ICON PLC(b) 188,121    45,764,195
      152,542,453
Italy–2.29%
FinecoBank Banca Fineco S.p.A.(b) 4,653,629    83,330,174
  Shares Value
Japan–12.92%
Asahi Group Holdings Ltd. 698,700    $31,465,482
FANUC Corp. 101,812    22,802,017
Hoya Corp. 369,000    52,099,528
Keyence Corp. 47,200    26,282,103
Koito Manufacturing Co. Ltd. 794,000    48,567,156
Komatsu Ltd. 1,323,900    34,517,547
Nidec Corp. 211,800    23,798,221
Olympus Corp. 3,819,800    78,657,148
SMC Corp. 52,500    31,197,337
Sony Group Corp. 878,500    91,698,922
TIS, Inc. 1,162,700    30,135,197
      471,220,658
Macau–1.28%
Galaxy Entertainment Group Ltd.(b) 6,884,090    46,836,786
Mexico–2.76%
Wal-Mart de Mexico S.A.B. de C.V., Series V 30,568,848   100,768,744
Netherlands–4.76%
ASML Holding N.V. 62,726    47,696,780
Heineken N.V. 343,251    39,975,769
Wolters Kluwer N.V. 753,503    85,949,095
      173,621,644
Singapore–1.07%
United Overseas Bank Ltd. 2,017,566    39,056,629
South Korea–4.35%
NAVER Corp. 197,476    74,565,315
Samsung Electronics Co. Ltd. 1,227,640    83,951,051
      158,516,366
Sweden–5.21%
Investor AB, Class B 4,066,630   100,743,207
Sandvik AB 3,418,136    89,035,601
      189,778,808
Switzerland–4.86%
Kuehne + Nagel International AG, Class R 129,036    43,536,765
Logitech International S.A., Class R 127,298    13,915,881
Nestle S.A. 587,475    74,441,042
Roche Holding AG 117,213    45,326,539
      177,220,227
Taiwan–2.73%
Taiwan Semiconductor Manufacturing Co. Ltd. 4,772,887    99,383,676
United Kingdom–4.37%
Ashtead Group PLC 563,931    42,245,460
Linde PLC 230,854    70,962,211
WPP PLC 3,553,143    45,999,532
      159,207,203
United States–10.82%
Amcor PLC, CDI 4,899,219    56,715,555
 
See accompanying notes which are an integral part of this schedule.
Invesco International Growth Fund
  Shares Value
United States–(continued)
Booking Holdings, Inc.(b) 19,554    $42,593,696
Broadcom, Inc. 222,285   107,897,139
Philip Morris International, Inc. 983,933    98,481,854
Schneider Electric SE 530,757    88,935,810
      394,624,054
Total Common Stocks & Other Equity Interests (Cost $2,157,547,684) 3,554,806,646
Money Market Funds–2.57%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) 33,127,104    33,127,104
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) 22,802,293    22,811,414
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) 37,859,547    37,859,547
Total Money Market Funds (Cost $93,794,247) 93,798,065
TOTAL INVESTMENTS IN SECURITIES (excluding Investments purchased with cash collateral from securities on loan)-100.06% (Cost $2,251,341,931)     3,648,604,711
  Shares Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.17%
Invesco Private Government Fund, 0.02%(d)(e)(f) 1,849,515     $1,849,515
Invesco Private Prime Fund, 0.12%(d)(e)(f) 4,313,809     4,315,534
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $6,165,049) 6,165,049
TOTAL INVESTMENTS IN SECURITIES—100.23% (Cost $2,257,506,980) 3,654,769,760
OTHER ASSETS LESS LIABILITIES–(0.23)% (8,560,284)
NET ASSETS–100.00% $3,646,209,476
Investment Abbreviations:
ADR – American Depositary Receipt
CDI – CREST Depository Interest
Notes to Schedule of Investments:
(a) All or a portion of this security was out on loan at July 31, 2021.
(b) Non-income producing security.
(c) 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 July 31, 2021 represented less than 1% of the Fund’s Net Assets.
(d) 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, 2021.
    
  Value
October 31, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
July 31, 2021 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $26,972,261 $230,379,611 $(224,224,768) $- $- $33,127,104 $4,912
Invesco Liquid Assets Portfolio, Institutional Class 20,334,690 162,637,106 (160,160,549) 1,145 (978) 22,811,414 4,988
Invesco Treasury Portfolio, Institutional Class 30,825,441 263,290,984 (256,256,878) - - 37,859,547 2,274
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund - 128,538,060 (126,688,545) - - 1,849,515 568*
Invesco Private Prime Fund - 263,226,349 (258,910,815) - - 4,315,534 9,077*
Total $78,132,392 $1,048,072,110 $(1,026,241,555) $1,145 $(978) $99,963,114 $21,819
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(e) The rate shown is the 7-day SEC standardized yield as of July 31, 2021.
(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.
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 International Growth Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 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 July 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 $— $21,831,026 $— $21,831,026
Brazil 76,539,748 — — 76,539,748
Canada 258,719,195 — — 258,719,195
China 209,997,848 216,315,068 — 426,312,916
Denmark — 110,432,989 — 110,432,989
France — 191,816,571 — 191,816,571
Germany — 68,675,092 — 68,675,092
Hong Kong — 75,853,882 — 75,853,882
India 78,517,805 — — 78,517,805
Ireland 45,764,195 106,778,258 — 152,542,453
Italy — 83,330,174 — 83,330,174
Japan — 471,220,658 — 471,220,658
Macau — 46,836,786 — 46,836,786
Mexico 100,768,744 — — 100,768,744
Netherlands — 173,621,644 — 173,621,644
Singapore — 39,056,629 — 39,056,629
South Korea — 158,516,366 — 158,516,366
Sweden — 189,778,808 — 189,778,808
Switzerland — 177,220,227 — 177,220,227
Taiwan — 99,383,676 — 99,383,676
United Kingdom 70,962,211 88,244,992 — 159,207,203
United States 248,972,689 145,651,365 — 394,624,054
Money Market Funds 93,798,065 6,165,049 — 99,963,114
Total Investments $1,184,040,500 $2,470,729,260 $— $3,654,769,760
Invesco International Growth Fund