| ADR | – American Depositary Receipt |
| BR | – Bearer Shares |
| GDR | – Global Depositary Receipt |
| PC | – Participation Certificate |
| Pfd. | – Preferred |
| REIT | – Real Estate Investment Trust |
| (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, 2021 was $546,164, which represented 2.47% of the Fund’s Net Assets. |
| (c) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
| (d) | Zero coupon bond issued at a discount. The interest rate shown represents the yield to maturity at issue. |
| (e) | 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 | $507,570 | $6,157,910 | $(6,167,554) | $- | $- | $497,926 | $247 |
| Invesco Liquid Assets Portfolio, Institutional Class | 362,484 | 4,398,507 | (4,041,282) | 36 | (28) | 719,717 | 187 |
| Invesco Treasury Portfolio, Institutional Class | 580,080 | 7,037,612 | (7,048,634) | - | - | 569,058 | 106 |
| Total | $1,450,134 | $17,594,029 | $(17,257,470) | $36 | $(28) | $1,786,701 | $540 |
| (f) | The rate shown is the 7-day SEC standardized yield as of July 31, 2021. |
| Open Futures Contracts(a) | |||||
| Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
| Currency Risk | |||||
| Canadian Dollar | 19 | September-2021 | $1,522,470 | $(40,065) | $(40,065) |
| Open Futures Contracts(a)—(continued) | |||||
| Long Futures Contracts | Number of Contracts | Expiration Month | Notional Value | Value | Unrealized Appreciation (Depreciation) |
| Equity Risk | |||||
| S&P/TSX 60 Index | 8 | September-2021 | $1,554,857 | $32,781 | $32,781 |
| Total Futures Contracts | $(7,284) | $(7,284) | |||
| (a) | Futures contracts collateralized by $2,050,280 cash held with Merrill Lynch International, the futures commission merchant. |
| 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 EAFE Minimum Volatility Index | 1 Month USD LIBOR + 0.33% | Monthly | 790 | October—2021 | USD | 1,728,062 | $— | $26,031 | $26,031 |
| Equity Risk | |||||||||||
| Goldman Sachs International | Receive | MSCI Emerging Markets Minimum Volatility Notes | 1 Month USD LIBOR + 1.20% | Monthly | 390 | August—2021 | USD | 807,709 | — | (21,735) | (21,735) |
| Total — Total Return Swap Agreements | $— | $4,296 | $4,296 | ||||||||
| (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 |
| USD | —U.S. Dollar |
| Level 1 | Level 2 | Level 3 | Total | |
| Investments in Securities | ||||
| Australia | $8,140 | $898,924 | $— | $907,064 |
| Austria | — | 6,800 | — | 6,800 |
| Belgium | — | 56,608 | — | 56,608 |
| Brazil | 503,195 | — | — | 503,195 |
| Chile | 30,031 | — | — | 30,031 |
| China | 786,461 | 1,776,789 | 4,227 | 2,567,477 |
| Denmark | — | 513,384 | — | 513,384 |
| Finland | — | 179,547 | — | 179,547 |
| France | — | 1,140,718 | — | 1,140,718 |
| Germany | — | 1,166,657 | — | 1,166,657 |
| Greece | — | 16,411 | — | 16,411 |
| Hong Kong | — | 527,695 | — | 527,695 |
| Hungary | — | 30,091 | — | 30,091 |
| Indonesia | — | 59,381 | — | 59,381 |
| Ireland | 3,925 | 109,145 | — | 113,070 |
| Italy | — | 145,410 | — | 145,410 |
| Japan | — | 2,529,442 | — | 2,529,442 |
| Luxembourg | — | 25,776 | — | 25,776 |
| Malaysia | — | 70,014 | — | 70,014 |
| Mexico | 165,223 | — | — | 165,223 |
| Multinational | — | — | 212,324 | 212,324 |
| Netherlands | — | 827,784 | — | 827,784 |
| Philippines | — | 17,308 | — | 17,308 |
| Poland | — | 30,013 | — | 30,013 |
| Russia | 314,633 | 24,661 | — | 339,294 |
| Saudi Arabia | — | 5,391 | — | 5,391 |
| Singapore | — | 22,023 | — | 22,023 |
| South Africa | — | 227,463 | — | 227,463 |
| South Korea | — | 682,028 | — | 682,028 |
| Spain | — | 365,404 | — | 365,404 |
| Sweden | — | 363,003 | — | 363,003 |
| Switzerland | — | 1,617,900 | — | 1,617,900 |
| Taiwan | 581,807 | 526,994 | — | 1,108,801 |
| Turkey | — | 11,275 | — | 11,275 |
| United Kingdom | 22,342 | 1,015,950 | — | 1,038,292 |
| United States | 12,923 | 225,166 | — | 238,089 |
| Vietnam | — | 8 | — | 8 |
| Money Market Funds | 1,786,701 | — | — | 1,786,701 |
| Total Investments in Securities | 4,215,381 | 15,215,163 | 216,551 | 19,647,095 |
| Level 1 | Level 2 | Level 3 | Total | |
| Other Investments - Assets* | ||||
| Futures Contracts | $32,781 | $— | $— | $32,781 |
| Swap Agreements | — | 26,031 | — | 26,031 |
| 32,781 | 26,031 | — | 58,812 | |
| Other Investments - Liabilities* | ||||
| Futures Contracts | (40,065) | — | — | (40,065) |
| Swap Agreements | — | (21,735) | — | (21,735) |
| (40,065) | (21,735) | — | (61,800) | |
| Total Other Investments | (7,284) | 4,296 | — | (2,988) |
| Total Investments | $4,208,097 | $15,219,459 | $216,551 | $19,644,107 |
| * | Unrealized appreciation (depreciation). |
| Value 10/31/2020 | Purchases at Cost | Proceeds from Sales | Accrued Discounts/ Premiums | Realized Gain | Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Value 07/31/2021 | |
| Common Stocks & Other Equity Interests | $– | $1,781 | $– | $– | $– | $(970) | $3,416 | $– | $4,227 |
| Preferred Stocks | 320,343 | – | (149,440) | – | 23,742 | (83,852) | – | – | 110,793 |
| Event-Linked Bonds | 92,649 | – | (8,312) | – | 723 | 16,471 | – | – | 101,531 |
| Total | $412,992 | $1,781 | $(157,752) | $– | $24,465 | $(68,351) | $3,416 | $– | $216,551 |