NPORT-EX 2 edgar.htm
Schedule of Investments
July 31, 2021
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–80.29%
Australia–4.13%
Australia & New Zealand Banking Group Ltd.     738     $15,030
BHP Group Ltd.   4,480    175,567
BHP Group PLC   3,624    117,694
Coles Group Ltd.   1,044     13,424
Endeavour Group Ltd.(a)   1,673      8,140
Fortescue Metals Group Ltd.     792     14,544
Glencore PLC(a)  20,656     92,852
Rio Tinto Ltd.   1,278    125,783
Rio Tinto PLC   1,997    170,190
Telstra Corp. Ltd.  10,292     28,589
Transurban Group   2,555     26,883
Wesfarmers Ltd.   1,457     65,468
Westpac Banking Corp.     198      3,549
Woolworths Group Ltd.   1,727     49,351
      907,064
Austria–0.03%
OMV AG     126      6,800
Belgium–0.26%
Anheuser-Busch InBev S.A./N.V.     342     21,553
Groupe Bruxelles Lambert S.A.      90     10,470
KBC Group N.V.     306     24,585
      56,608
Brazil–2.29%
Ambev S.A.   3,000      9,585
B3 S.A. - Brasil, Bolsa, Balcao  11,600     33,965
Banco Bradesco S.A., Preference Shares   2,962     13,791
Banco do Brasil S.A.   2,200     13,361
Banco Inter S.A., Preference Shares(b)   4,500     20,624
CCR S.A.   1,700      4,243
Cia Siderurgica Nacional S.A.   2,100     18,850
Gerdau S.A., Preference Shares   1,100      6,505
Localiza Rent a Car S.A.     400      4,773
Petroleo Brasileiro S.A., Preference Shares  22,500    116,253
Vale S.A.  11,000    229,705
WEG S.A.   4,600     31,540
      503,195
Chile–0.14%
Banco de Chile  74,690      6,840
Banco Santander Chile 108,229      5,341
Cencosud S.A.   3,671      6,658
Falabella S.A.   2,879     11,192
      30,031
China–11.68%
AAC Technologies Holdings, Inc.   1,000      5,995
Alibaba Group Holding Ltd.(a)   4,200    102,633
Alibaba Health Information Technology Ltd.(a)   4,000      6,225
  Shares Value
China–(continued)
Aluminum Corp. of China Ltd., H Shares(a)  12,000      $7,288
Anhui Conch Cement Co. Ltd., H Shares   1,500      7,174
ANTA Sports Products Ltd.   2,000     43,646
Autohome, Inc., ADR     162      7,339
Baidu, Inc., ADR(a)   1,152    188,940
Bank of China Ltd., H Shares  87,000     30,240
Bank of Communications Co. Ltd., H Shares  31,000     17,960
BeiGene Ltd., ADR(a)      54     17,096
Bilibili, Inc.(a)     160     13,729
Brilliance China Automotive Holdings Ltd.(c)   6,000      4,227
BYD Co. Ltd., H Shares   8,500    261,831
BYD Electronic International Co. Ltd.   2,000     10,129
CanSino Biologics, Inc., H Shares(a)(b)     200      8,496
China CITIC Bank Corp. Ltd., H Shares   9,000      4,029
China Construction Bank Corp., H Shares 105,000     73,305
China Everbright Bank Co. Ltd., H Shares   8,000      2,729
China Evergrande New Energy Vehicle Group Ltd.(a)   3,500      5,640
China Feihe Ltd.(b)   5,000      9,637
China Gas Holdings Ltd.   1,800      5,583
China Life Insurance Co. Ltd., H Shares  18,000     30,098
China Literature Ltd.(a)(b)     400      3,709
China Merchants Bank Co. Ltd., H Shares   7,500     57,245
China Minsheng Banking Corp. Ltd., H Shares   9,000      3,661
China Molybdenum Co. Ltd., H Shares   9,000      6,609
China Overseas Land & Investment Ltd.   7,000     14,701
China Pacific Insurance (Group) Co. Ltd., H Shares   1,600      4,510
China Petroleum & Chemical Corp., H Shares  10,000      4,558
China Resources Beer Holdings Co. Ltd.   2,000     15,002
China Shenhua Energy Co. Ltd., H Shares   5,500     10,425
China Taiping Insurance Holdings Co. Ltd.   3,000      4,220
China Tower Corp. Ltd., H Shares(b)  74,000      9,809
China Vanke Co. Ltd., H Shares   1,900      4,954
COSCO SHIPPING Holdings Co. Ltd., H Shares(a)  18,850     28,583
Country Garden Services Holdings Co. Ltd.   1,000      8,121
CSPC Pharmaceutical Group Ltd.  22,640     30,593
ENN Energy Holdings Ltd.   1,100     23,046
Evergrande Property Services Group Ltd.(a)(b)   5,000      3,556
Fosun International Ltd.   3,000      3,974
Fuyao Glass Industry Group Co. Ltd., H Shares(b)   1,200      7,640
Ganfeng Lithium Co. Ltd., H Shares(b)     600     13,021
Geely Automobile Holdings Ltd.   3,000     10,036
Great Wall Motor Co. Ltd., H Shares   9,000     43,341
Haier Smart Home Co. Ltd., H Shares   1,600      5,484
Hengan International Group Co. Ltd.   1,000      5,953
HengTen Networks Group Ltd.(a)  16,000      7,199
Huazhu Group Ltd., ADR(a)     162      7,287
Industrial & Commercial Bank of China Ltd., H Shares 120,000     66,751
Innovent Biologics, Inc.(a)(b)   2,000     20,424
JD.com, Inc., A Shares(a)     450     15,980
KE Holdings, Inc., ADR(a)     666     14,645
Kingdee International Software Group Co. Ltd.(a)   2,000      6,272
 
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
China–(continued)
Kingsoft Cloud Holdings Ltd., ADR(a)     234      $6,786
Kingsoft Corp. Ltd.   3,000     13,992
Kuaishou Technology(a)(b)   1,100     14,805
Kunlun Energy Co. Ltd.   4,000      3,464
Lenovo Group Ltd.  30,000     28,055
Li Auto, Inc., ADR(a)     918     30,652
Li Ning Co. Ltd.   2,500     26,424
Longfor Group Holdings Ltd.(b)   2,500     11,689
Lufax Holding Ltd., ADR(a)   1,044      7,830
MicroPort Scientific Corp.   1,000      7,557
NetEase, Inc.   2,100     42,727
New Oriental Education & Technology Group, Inc., ADR(a)     630      1,367
NIO, Inc., ADR(a)   1,889     84,401
Nongfu Spring Co. Ltd., H Shares(b)   2,600     13,399
NXP Semiconductors N.V.   1,098    226,616
PetroChina Co. Ltd., H Shares  84,000     34,959
Pharmaron Beijing Co. Ltd., H Shares(b)     200      4,385
Pinduoduo, Inc., ADR(a)   1,026     93,992
Ping An Insurance (Group) Co. of China Ltd., H Shares   5,500     48,277
Postal Savings Bank of China Co. Ltd., H Shares(b)  12,000      7,754
RLX Technology, Inc., ADR(a)     612      2,668
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares   4,000      7,175
Shenzhou International Group Holdings Ltd.   1,100     24,367
Sino Biopharmaceutical Ltd.   8,500      7,234
Sinopharm Group Co. Ltd., H Shares   1,600      4,208
SITC International Holdings Co. Ltd.   7,000     28,862
Smoore International Holdings Ltd.(b)   4,000     17,245
Sunac China Holdings Ltd.(a)   1,000      2,597
Sunny Optical Technology Group Co. Ltd.   2,200     66,682
Tencent Holdings Ltd.   2,500    154,278
Tencent Music Entertainment Group, ADR(a)     360      3,805
Trip.com Group Ltd., ADR(a)     414     10,735
Tuya, Inc., ADR(a)     324      6,441
Vipshop Holdings Ltd., ADR(a)   1,134     18,858
Want Want China Holdings Ltd.   6,000      4,048
Weibo Corp., ADR(a)     216     12,182
Weichai Power Co. Ltd., H Shares   6,000     13,137
WuXi AppTec Co. Ltd., H Shares(b)     440      9,793
Wuxi Biologics Cayman, Inc.(a)(b)   3,500     53,431
Xiaomi Corp., B Shares(a)(b)   4,600     15,024
Xinyi Solar Holdings Ltd.   4,000      8,042
XPeng, Inc., ADR(a)     324     13,132
Yihai International Holding Ltd.   1,000      6,021
Yum China Holdings, Inc.      91      5,659
Zai Lab Ltd., ADR(a)     180     26,030
Zijin Mining Group Co. Ltd., H Shares   8,000     11,414
      2,567,477
Denmark–2.34%
AP Moller - Maersk A/S, Class B      18     49,959
Carlsberg A/S, Class B     126     23,318
Danske Bank A/S     900     15,754
DSV Panalpina A/S      18      4,385
Novo Nordisk A/S, Class B   4,120    381,628
Novozymes A/S, Class B     378     29,712
  Shares Value
Denmark–(continued)
Vestas Wind Systems A/S     234      $8,628
      513,384
Finland–0.82%
Fortum OYJ     198      5,465
Kone OYJ, Class B     253     20,951
Neste OYJ     900     55,377
Nokia OYJ(a)   6,093     37,361
Nordea Bank Abp     630      7,372
Sampo OYJ, Class A   1,008     48,605
UPM-Kymmene OYJ     108      4,416
      179,547
France–5.19%
Airbus SE(a)     162     22,224
AXA S.A.   3,203     82,908
BNP Paribas S.A.   1,601     97,403
Bouygues S.A.     144      5,554
Bureau Veritas S.A.     324     10,695
Capgemini SE      54     11,682
Carrefour S.A.     216      4,015
Cie de Saint-Gobain     954     68,248
Cie Generale des Etablissements Michelin S.C.A.     234     38,213
Credit Agricole S.A.     666      9,264
Danone S.A.     144     10,600
Electricite de France S.A.     720      8,715
EssilorLuxottica S.A.     936    176,675
Hermes International       5      7,651
Kering S.A.      90     80,812
Legrand S.A.      54      6,084
L’Oreal S.A.     198     90,697
LVMH Moet Hennessy Louis Vuitton SE      90     72,023
Orange S.A.   1,242     13,840
Pernod Ricard S.A.     198     43,701
Sanofi     594     61,210
Sartorius Stedim Biotech      18     10,272
Societe Generale S.A.     612     17,930
Thales S.A.     126     13,224
TotalEnergies SE   3,509    153,011
Vinci S.A.     144     15,226
Vivendi SE     162      5,472
Worldline S.A.(a)(b)      36      3,369
      1,140,718
Germany–5.31%
adidas AG     162     58,849
Allianz SE     576    143,449
BASF SE     933     73,311
Bayerische Motoren Werke AG     306     30,440
Continental AG(a)     108     14,678
Daimler AG     846     75,576
Deutsche Bank AG(a)   2,015     25,470
Deutsche Post AG     774     52,419
Deutsche Telekom AG   4,084     84,851
Evonik Industries AG     180      6,256
Fresenius Medical Care AG & Co. KGaA     540     42,634
Fresenius SE & Co. KGaA     954     50,182
Hannover Rueck SE      54      9,089
Henkel AG & Co. KGaA, Preference Shares      90      9,126
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Germany–(continued)
Infineon Technologies AG     306     $11,667
Knorr-Bremse AG      90     10,209
Merck KGaA     237     48,557
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R     234     63,283
RWE AG     169      6,018
SAP SE   1,242    178,135
Sartorius AG, Preference Shares      36     21,776
Siemens AG     270     42,155
Siemens Healthineers AG(b)     180     11,893
Volkswagen AG, Preference Shares     396     96,634
      1,166,657
Greece–0.07%
Hellenic Telecommunications Organization S.A.     900     16,411
Hong Kong–2.40%
CK Asset Holdings Ltd.   6,000     40,913
CK Hutchison Holdings Ltd.   8,000     58,507
CLP Holdings Ltd.   5,000     51,587
Hong Kong & China Gas Co. Ltd. (The)  63,292    103,158
Hong Kong Exchanges & Clearing Ltd.   1,700    108,622
Jardine Matheson Holdings Ltd.     600     35,654
Link REIT   7,400     70,802
Sun Hung Kai Properties Ltd.   2,000     28,662
Techtronic Industries Co. Ltd.     500      8,949
WH Group Ltd.  11,500      9,540
Wharf Real Estate Investment Co. Ltd.   2,000     11,301
      527,695
Hungary–0.14%
OTP Bank Nyrt(a)     558     30,091
Indonesia–0.27%
PT Astra International Tbk  30,700     10,024
PT Bank Central Asia Tbk   6,000     12,386
PT Bank Mandiri (Persero) Tbk  17,200      6,796
PT Bank Rakyat Indonesia (Persero) Tbk  24,400      6,265
PT Telkom Indonesia (Persero) Tbk 106,600     23,910
      59,381
Ireland–0.51%
CRH PLC   1,601     79,789
Kerry Group PLC, Class A     198     29,356
Ryanair Holdings PLC, ADR(a)      36      3,925
      113,070
Italy–0.66%
Assicurazioni Generali S.p.A.   1,565     31,268
Enel S.p.A.   9,087     83,907
Eni S.p.A.     450      5,315
Intesa Sanpaolo S.p.A.   4,984     13,764
Poste Italiane S.p.A.(b)     468      6,204
UniCredit S.p.A.     414      4,952
      145,410
Japan–11.51%
Asahi Kasei Corp.     400      4,362
Astellas Pharma, Inc.   3,300     52,561
Bridgestone Corp.   3,800    167,253
Canon, Inc.   1,600     36,745
  Shares Value
Japan–(continued)
Dai-ichi Life Holdings, Inc.     200      $3,695
Daiichi Sankyo Co. Ltd.   1,500     29,703
Daikin Industries Ltd.     200     41,575
Daiwa House Industry Co. Ltd.     900     27,614
Denso Corp.     500     34,332
Eisai Co. Ltd.     200     16,416
FANUC Corp.     100     22,396
Fast Retailing Co. Ltd.     100     67,847
FUJIFILM Holdings Corp.     800     57,454
Hitachi Ltd.     800     45,944
Honda Motor Co. Ltd.   2,300     73,575
Hoya Corp.     600     84,715
ITOCHU Corp.   1,800     53,627
Japan Post Holdings Co. Ltd.   3,800     32,291
Japan Tobacco, Inc.     300      5,867
Kao Corp.     600     36,073
KDDI Corp.   1,000     30,518
Kirin Holdings Co. Ltd.   1,000     18,300
Komatsu Ltd.     400     10,429
Kubota Corp.     300      6,269
Kyocera Corp.     300     18,542
M3, Inc.     100      6,551
Mitsubishi Corp.   3,800    107,136
Mitsubishi Electric Corp.     600      8,122
Mitsubishi Estate Co. Ltd.   1,100     17,260
Mitsubishi UFJ Financial Group, Inc.  15,200     80,534
Mitsui & Co. Ltd.   2,200     50,771
Mizuho Financial Group, Inc.     970     13,849
Murata Manufacturing Co. Ltd.   1,100     91,214
Nidec Corp.     120     13,483
Nintendo Co. Ltd.     200    103,047
Nippon Telegraph & Telephone Corp.   5,700    146,041
Nissan Motor Co. Ltd.(a)   1,300      7,525
NTT Data Corp.     900     13,947
Olympus Corp.   4,400     90,605
ORIX Corp.   2,500     43,703
Otsuka Holdings Co. Ltd.     200      7,951
Panasonic Corp.   1,300     15,571
Rakuten Group, Inc.   1,100     12,130
Recruit Holdings Co. Ltd.   1,800     93,085
Renesas Electronics Corp.(a)   1,500     16,245
Secom Co. Ltd.     200     15,107
Sekisui House Ltd.     800     15,850
Seven & i Holdings Co. Ltd.   1,000     44,568
Shimano, Inc.     100     25,578
Shin-Etsu Chemical Co. Ltd.     100     16,317
Softbank Corp.   1,800     23,519
SoftBank Group Corp.     300     18,854
Sompo Holdings, Inc.     700     28,966
Sony Group Corp.     500     52,191
Subaru Corp.     600     11,774
Sumitomo Corp.     500      6,799
Sumitomo Mitsui Financial Group, Inc.   1,800     60,674
Sysmex Corp.     100     11,902
Takeda Pharmaceutical Co. Ltd.   1,338     44,478
Tokio Marine Holdings, Inc.     800     38,166
Tokyo Electron Ltd.     300    123,605
Toshiba Corp.     500     21,534
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Japan–(continued)
Toyota Industries Corp.     200     $16,764
Toyota Motor Corp.     400     35,923
      2,529,442
Luxembourg–0.12%
ArcelorMittal S.A.     738     25,776
Malaysia–0.32%
Axiata Group Bhd.   9,900      8,750
Hartalega Holdings Bhd.   3,100      5,170
Hong Leong Bank Bhd.   1,200      5,118
IHH Healthcare Bhd.   5,400      7,225
MISC Bhd.   5,500      8,738
Petronas Chemicals Group Bhd.   2,200      4,192
Press Metal Aluminium Holdings Bhd.   4,900      5,597
Public Bank Bhd.   7,500      7,074
Tenaga Nasional Bhd.   4,600     10,511
Top Glove Corp. Bhd.   8,100      7,639
      70,014
Mexico–0.75%
Cemex S.A.B. de C.V., ADR(a)   4,048     32,910
Fomento Economico Mexicano, S.A.B. de C.V., ADR     252     22,017
Grupo Bimbo S.A.B. de C.V., Series A   3,100      7,145
Grupo Elektra S.A.B. de C.V.      55      4,459
Grupo Financiero Banorte S.A.B. de C.V., Class O   2,800     18,152
Grupo Financiero Inbursa S.A.B. de C.V., Class O(a)   5,900      5,714
Grupo Mexico S.A.B. de C.V., Class B   3,400     15,579
Wal-Mart de Mexico S.A.B. de C.V., Series V  17,973     59,247
      165,223
Netherlands–3.77%
Adyen N.V.(a)(b)      18     49,011
Akzo Nobel N.V.     288     35,614
ASML Holding N.V.     576    437,990
EXOR N.V.     198     16,308
Heineken N.V.      36      4,193
ING Groep N.V.   1,709     21,885
Koninklijke Ahold Delhaize N.V.   3,239    100,709
Koninklijke DSM N.V.     126     25,398
Koninklijke KPN N.V.   4,099     13,470
Koninklijke Philips N.V.   1,781     82,142
Wolters Kluwer N.V.     360     41,064
      827,784
Philippines–0.08%
SM Prime Holdings, Inc.  27,500     17,308
Poland–0.14%
Bank Polska Kasa Opieki S.A.(a)     323      7,880
KGHM Polska Miedz S.A.     148      7,477
Powszechna Kasa Oszczednosci Bank Polski S.A.(a)   1,493     14,656
      30,013
Russia–1.54%
Gazprom PJSC, ADR   3,940     30,732
Lukoil PJSC, ADR     254     21,769
Lukoil PJSC, ADR     736     63,215
  Shares Value
Russia–(continued)
MMC Norilsk Nickel PJSC, ADR   1,547     $53,372
Mobile TeleSystems PJSC, ADR     954      8,195
Novatek PJSC, GDR(b)      59     13,127
Novatek PJSC, GDR(b)      13      2,892
PhosAgro PJSC, GDR(b)     270      5,138
Rosneft Oil Co. PJSC, GDR(b)   7,395     54,412
Sberbank of Russia PJSC, ADR   2,033     33,809
Severstal PAO, GDR(b)     198      4,871
Surgutneftegas PJSC, ADR   2,915     12,884
Tatneft PJSC, ADR     306     12,154
TCS Group Holding PLC, GDR(b)     198     16,379
VTB Bank PJSC, GDR(b)   4,858      6,345
      339,294
Saudi Arabia–0.02%
Delivery Hero SE(a)(b)      36      5,391
Singapore–0.10%
DBS Group Holdings Ltd.     400      8,977
Oversea-Chinese Banking Corp. Ltd.     800      7,238
United Overseas Bank Ltd.     300      5,808
      22,023
South Africa–1.04%
Absa Group Ltd.(a)   1,278     11,890
Anglo American PLC   2,411    106,810
Capitec Bank Holdings Ltd.     144     15,993
FirstRand Ltd.   6,478     24,013
Impala Platinum Holdings Ltd.     522      9,407
Northam Platinum Ltd.(a)     648     10,220
Remgro Ltd.     756      5,742
Sasol Ltd.(a)     738     11,045
Sibanye Stillwater Ltd.   1,997      8,689
Standard Bank Group Ltd.   2,807     23,654
      227,463
South Korea–3.10%
Hyundai Mobis Co. Ltd.     252     58,509
Hyundai Motor Co.      36      6,843
Kakao Corp.     216     27,667
KB Financial Group, Inc.     306     13,593
Kia Corp.     216     15,747
LG Corp.      90      7,385
POSCO      72     22,857
Samsung C&T Corp.      36      4,441
Samsung Electronics Co. Ltd.   4,570    312,515
Samsung SDI Co. Ltd.      36     23,265
Shinhan Financial Group Co. Ltd.     288      9,794
SK Hynix, Inc.   1,403    138,021
SK Telecom Co. Ltd.     126     32,978
SK, Inc.      36      8,413
      682,028
Spain–1.66%
Banco Bilbao Vizcaya Argentaria S.A.   5,272     33,815
Banco Santander S.A.(a)   7,395     27,054
CaixaBank S.A.   5,668     16,850
Endesa S.A.     324      7,885
Ferrovial S.A.     468     13,883
Iberdrola S.A.  13,009    156,821
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Spain–(continued)
Industria de Diseno Textil S.A.     126      $4,275
Naturgy Energy Group S.A.     612     15,813
Repsol S.A.   4,462     48,810
Telefonica S.A.   8,763     40,198
      365,404
Sweden–1.65%
Assa Abloy AB, Class B     324     10,389
Atlas Copco AB, Class A   1,224     82,858
Epiroc AB, Class A   1,529     35,739
EQT AB     576     27,816
Essity AB, Class B     126      4,119
Evolution AB(b)     144     25,144
H & M Hennes & Mauritz AB, Class B(a)     162      3,394
Hexagon AB, Class B     396      6,565
Investor AB, Class B     396      9,810
Sandvik AB   1,456     37,926
Skandinaviska Enskilda Banken AB, Class A   1,619     21,874
Svenska Handelsbanken AB, Class A     378      4,267
Swedbank AB, Class A     216      4,209
Telefonaktiebolaget LM Ericsson, Class B   5,218     60,162
Telia Co. AB   2,000      8,779
Volvo AB, Class B     846     19,952
      363,003
Switzerland–7.36%
ABB Ltd.     684     25,006
Alcon, Inc.     360     26,210
Cie Financiere Richemont S.A.     270     34,581
Credit Suisse Group AG   8,331     83,720
Geberit AG      54     44,344
Holcim Ltd.(a)     348     20,402
Kuehne + Nagel International AG, Class R      90     30,366
Nestle S.A.   2,825    357,966
Novartis AG   3,203    296,264
Partners Group Holding AG      36     61,547
Roche Holding AG   1,008    389,796
Schindler Holding AG, PC     108     34,959
SGS S.A.       7     22,677
Sika AG      18      6,339
STMicroelectronics N.V.     108      4,427
Straumann Holding AG, Class R      36     66,772
Swatch Group AG (The), BR      18      6,013
Swisscom AG      36     21,660
UBS Group AG   5,146     84,851
      1,617,900
Taiwan–5.04%
ASE Technology Holding Co. Ltd., ADR   3,329     29,528
Asustek Computer, Inc.   1,000     12,548
Catcher Technology Co. Ltd.   2,000     13,226
Cathay Financial Holding Co. Ltd.   3,000      5,823
Chailease Holding Co. Ltd.   2,000     16,580
Cheng Shin Rubber Industry Co. Ltd.   2,000      3,088
China Development Financial Holding Corp.  10,000      5,056
China Steel Corp.(a)  15,000     19,486
Chunghwa Telecom Co. Ltd., ADR     378     15,672
CTBC Financial Holding Co. Ltd.  10,000      8,181
Delta Electronics, Inc.   3,000     30,877
  Shares Value
Taiwan–(continued)
Evergreen Marine Corp. Taiwan Ltd.(a)   8,000     $38,187
Far Eastern New Century Corp.   5,000      5,307
Formosa Chemicals & Fibre Corp.   2,000      5,900
Formosa Plastics Corp.   2,000      7,180
Fubon Financial Holding Co. Ltd.   3,000      8,059
Hon Hai Precision Industry Co. Ltd.  27,000    106,621
MediaTek, Inc.   3,000     97,549
Mega Financial Holding Co. Ltd.   5,000      5,923
Nan Ya Plastics Corp.   2,000      6,240
Nanya Technology Corp.   2,000      5,189
Novatek Microelectronics Corp.   2,000     36,763
Quanta Computer, Inc.   5,000     13,843
Sea Ltd., ADR(a)     144     39,767
Taiwan Cement Corp.   3,200      6,017
Taiwan Semiconductor Manufacturing Co. Ltd., ADR   3,527    411,389
Uni-President Enterprises Corp.   4,000     10,481
United Microelectronics Corp., ADR   8,115     85,451
Wan Hai Lines Ltd.   4,000     32,329
Yang Ming Marine Transport Corp.(a)   4,000     16,915
Yuanta Financial Holding Co. Ltd.  10,600      9,626
      1,108,801
Turkey–0.05%
Eregli Demir ve Celik Fabrikalari TAS   4,750     11,275
United Kingdom–4.72%
Ashtead Group PLC   1,152     86,299
Aviva PLC   2,429     13,069
BAE Systems PLC     738      5,907
Barclays PLC  11,336     27,474
British American Tobacco PLC   1,242     46,295
BT Group PLC(a)  12,002     28,953
Coca-Cola Europacific Partners PLC     360     22,342
Compass Group PLC(a)   1,655     34,964
Diageo PLC   3,995    198,195
GlaxoSmithKline PLC   1,421     28,080
HSBC Holdings PLC   3,329     18,374
Imperial Brands PLC   1,332     28,535
Legal & General Group PLC   1,026      3,725
Lloyds Banking Group PLC  22,258     14,104
National Grid PLC   5,002     63,992
Natwest Group PLC   2,987      8,398
Prudential PLC   2,141     40,243
Reckitt Benckiser Group PLC     633     48,583
Royal Dutch Shell PLC, Class A   1,278     25,639
Schroders PLC     108      5,487
SSE PLC     612     12,291
Standard Chartered PLC   3,887     23,285
Tesco PLC   7,071     22,890
Unilever PLC   2,951    169,932
Vodafone Group PLC  38,182     61,236
      1,038,292
United States–1.08%
Ferguson PLC     756    105,978
JBS S.A.   2,100     12,923
Schneider Electric SE     234     39,210
Stellantis N.V.   1,278     24,580
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
United States–(continued)
Swiss Re AG     612     $55,398
      238,089
Vietnam–0.00%
Vietnam Dairy Products JSC       2          8
Total Common Stocks & Other Equity Interests (Cost $15,456,033) 17,648,070
Preferred Stocks–0.50%
Multinational–0.50%
Harambee Re Ltd., Pfd.(c)     304      4,082
Lion Rock Re Ltd., Pfd.(c)      25     10,052
Lorenz Re Ltd., Pfd.(c)      50      5,371
Mt. Logan Re Ltd., Pfd.(c)     116     74,103
Thopas Re Ltd., Pfd.(c)      95     10,640
Turing Re Ltd., Series 2019-1, Pfd.(b)(c)     886      3,258
Viribus Re Ltd., Pfd.(c)  38,090      3,287
Total Preferred Stocks (Cost $260,737) 110,793
  Principal
Amount 		 
Event-Linked Bonds–0.46%
Multinational–0.46%
Alturas RE Segregated Account, Catastrophe Linked Notes, 12/31/2022(b)(c)(d)     $1,000          0
  Principal
Amount 		Value
Multinational–(continued)
Eden RE II Ltd., Class A, Catastrophe Linked Notes, 03/22/2023(b)(c)(d)       $720     $14,499
Limestone Re Ltd., Class A, Catastrophe Linked Notes, 09/09/2022(b)(c)(d)     1,174      7,095
Sector Re V Ltd., Series 2019-1, Class A, Catastrophe Linked Notes, 03/01/2024(b)(c)(d)   120,000     72,695
Versutus Ltd., Catastrophe Linked Notes, 12/31/2022(c)(d)     6,601      7,242
Total Event-Linked Bonds (Cost $129,496) 101,531
  Shares  
Money Market Funds–8.13%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(e)(f) 497,926    497,926
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(e)(f) 719,429    719,717
Invesco Treasury Portfolio, Institutional Class, 0.01%(e)(f) 569,058    569,058
Total Money Market Funds (Cost $1,786,701) 1,786,701
TOTAL INVESTMENTS IN SECURITIES—89.38% (Cost $17,632,967) 19,647,095
OTHER ASSETS LESS LIABILITIES–10.62% 2,334,611
NET ASSETS–100.00% $21,981,706
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 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)
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
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
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, 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.
During the nine months ended July 31, 2021, there were transfers from Level 2 to Level 3 of $3,416, due to lack of availability of market data for this security.
  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
Invesco Advantage International Fund
  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).
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 nine months ended July 31, 2021:
  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
Invesco Advantage International Fund