0001752724-22-079104.txt : 20220331 0001752724-22-079104.hdr.sgml : 20220331 20220331104230 ACCESSION NUMBER: 0001752724-22-079104 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220131 FILED AS OF DATE: 20220331 PERIOD START: 20221031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) CENTRAL INDEX KEY: 0000880859 IRS NUMBER: 760352823 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06463 FILM NUMBER: 22790087 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 20031126 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL FUNDS INC /MD/ DATE OF NAME CHANGE: 20000620 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 20000323 0000880859 S000064624 Invesco Global Fund C000209205 Class C C000209206 Class R C000209207 Class Y C000209208 Class R5 C000209209 Class R6 C000209210 Class A NPORT-P 1 primary_doc.xml NPORT-P false 0000880859 XXXXXXXX S000064624 C000209207 C000209208 C000209206 C000209205 C000209209 C000209210 AIM International Mutual Funds (Invesco International Mutual Funds) 811-06463 0000880859 549300CGSTEJJ7H1ET84 11 Greenway Plaza Suite 1000 Houston 77046-1173 800-959-4246 Invesco Global Fund S000064624 549300OZR8OUIKYYPI86 2022-10-31 2022-01-31 N 12296457024.83 37227089.46 12259229935.37 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 7318274.88000000 N Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 3271322.39000000 NS USD 3271322.39000000 0.026684566708 Long STIV RF US N 1 N N N Industria de Diseno Textil S.A. 549300TTCXZOGZM2EY83 Industria de Diseno Textil S.A. N/A 851707.00000000 NS 25733968.45000000 0.209915048381 Long EC CORP ES N 2 N N N Kering S.A. 549300VGEJKB7SVUZR78 Kering S.A. F5433L103 484091.00000000 NS 361438583.28000000 2.948297610742 Long EC CORP FR N 2 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class A 02079K305 525130.00000000 NS USD 1421038539.10000000 11.59158076479 Long EC CORP US N 1 N N N PayPal Holdings, Inc. 5493005X2GO78EFZ3E94 PayPal Holdings, Inc. 70450Y103 264490.00000000 NS USD 45476410.60000000 0.370956502486 Long EC CORP US N 1 N N N uniQure N.V. N/A uniQure N.V. N90064101 1031898.00000000 NS USD 18625758.90000000 0.151932535715 Long EC CORP NL N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 255111.00000000 NS USD 62466479.46000000 0.509546519555 Long EC CORP US N 1 N N N Equifax, Inc. 5493004MCF8JDC86VS77 Equifax, Inc. 294429105 1047869.00000000 NS USD 251237071.44000000 2.049370741592 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 36690.00000000 NS USD 109757034.30000000 0.895301212870 Long EC CORP US N 1 N N N Danaher Corp. S4BKK9OTCEWQ3YHPFM11 Danaher Corp. 235851102 159976.00000000 NS USD 45719541.04000000 0.372939746468 Long EC CORP US N 1 N N N FANUC Corp. 529900QTSW745LOKW705 FANUC Corp. N/A 227000.00000000 NS 44920766.23000000 0.366424045122 Long EC CORP JP N 2 N N N Meituan 21380033K525E5JLIA77 Meituan, B Shares N/A 1598800.00000000 NS 45488654.34000000 0.371056376133 Long EC CORP KY N 2 N N N Boston Scientific Corp. Y6ZDD9FP4P8JSSJMW954 Boston Scientific Corp. 101137107 1529335.00000000 NS USD 65608471.50000000 0.535176123181 Long EC CORP US N 1 N N N Intuit, Inc. VI90HBPH7XSFMB9E4M29 Intuit, Inc. 461202103 1359750.00000000 NS USD 754973992.50000000 6.158412856926 Long EC CORP US N 1 N N N Marriott International, Inc. 225YDZ14ZO8E1TXUSU86 Marriott International, Inc., Class A 571903202 125102.00000000 NS USD 20156434.24000000 0.164418436934 Long EC CORP US N 1 N N N Charles River Laboratories International, Inc. 549300BSQ0R4UZ5KX287 Charles River Laboratories International, Inc. 159864107 188480.00000000 NS USD 62153164.80000000 0.506990774523 Long EC CORP US N 1 N N N Phathom Pharmaceuticals, Inc. N/A Phathom Pharmaceuticals, Inc. 71722W107 1123410.00000000 NS USD 18873288.00000000 0.153951660092 Long EC CORP US N 1 N N N Reservas de Maternidad - Swiss Medical N/A Reservas de Maternidad - Swiss Medical N/A 1029617880.03000000 NS USD 43759789.52000000 0.356953819699 Long EC CORP AR N 3 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 2862407.12000000 NS USD 2862407.12000000 0.023348996104 Long STIV RF US N 1 N N N Murata Manufacturing Co., Ltd. 529900QZG6DL8ZRI7140 Murata Manufacturing Co., Ltd. N/A 4330212.00000000 NS 324734702.87000000 2.648899682785 Long EC CORP JP N 2 N N N Omnicell, Inc. 5493008RH0GTKHHPZI77 Omnicell, Inc. 68213N109 340841.00000000 NS USD 51173867.74000000 0.417431339568 Long EC CORP US N 1 N N N Farfetch Ltd. 549300QFQ74Z0F96NS78 Farfetch Ltd., Class A 30744W107 3672396.00000000 NS USD 79727717.16000000 0.650348493178 Long EC CORP KY N 1 N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 United Parcel Service, Inc., Class B 911312106 1455595.00000000 NS USD 294335864.95000000 2.400932738040 Long EC CORP US N 1 N N N Brunello Cucinelli S.p.A. 5493003CX2RZ0FOBH256 Brunello Cucinelli S.p.A. N/A 773116.00000000 NS 44753026.28000000 0.365055770353 Long EC CORP IT N 2 N N N Marvell Technology, Inc. N/A Marvell Technology, Inc. 573874104 1621168.00000000 NS USD 115751395.20000000 0.944197929317 Long EC CORP US N 1 N N N Illumina, Inc. SQ95QG8SR5Q56LSNF682 Illumina, Inc. 452327109 275948.00000000 NS USD 96256181.36000000 0.785173146008 Long EC CORP US N 1 N N N Castle Biosciences, Inc. N/A Castle Biosciences, Inc. 14843C105 406818.00000000 NS USD 17594878.50000000 0.143523521401 Long EC CORP US N 1 N N N Adobe, Inc. FU4LY2G4933NH2E1CP29 Adobe, Inc. 00724F101 1013321.00000000 NS USD 541417410.30000000 4.416406357938 Long EC CORP US N 1 N N N Atlas Copco AB 213800T8PC8Q4FYJZR07 Atlas Copco AB, Class A N/A 3998937.00000000 NS 235030767.22000000 1.917173986123 Long EC CORP SE N 2 N N N Natera, Inc. N/A Natera, Inc. 632307104 424004.00000000 NS USD 29955882.60000000 0.244353705395 Long EC CORP US N 1 N N N Dassault Systemes SE 96950065LBWY0APQIM86 Dassault Systemes SE N/A 891660.00000000 NS 42932078.41000000 0.350202081503 Long EC CORP FR N 2 N N N LVMH Moet Hennessy Louis Vuitton SE IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE N/A 865044.00000000 NS 711269001.41000000 5.801906034553 Long EC CORP FR N 2 N N N Splunk, Inc. 549300XGDSGBP6UEI867 Splunk, Inc. 848637104 524375.00000000 NS USD 64980550.00000000 0.530054092651 Long EC CORP US N 1 N N N S&P Global, Inc. Y6X4K52KMJMZE7I7MY94 S&P Global, Inc. 78409V104 1519633.00000000 NS USD 630982014.26000000 5.146995509395 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG N/A 105827.00000000 NS 72844162.32000000 0.594198515763 Long EC CORP CH N 2 N N N Datadog, Inc. 549300F6JNO0KRPO1K63 Datadog, Inc., Class A 23804L103 93852.00000000 NS USD 13712715.72000000 0.111856256814 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. 30303M102 2050329.00000000 NS USD 642286062.54000000 5.239203978766 Long EC CORP US N 1 N N N SAP S.E. 529900D6BF99LW9R2E68 SAP S.E. D66992104 2404878.00000000 NS 297748855.27000000 2.428772906942 Long EC CORP DE N 2 N N N Airbus S.E. MINO79WLOO247M1IL051 Airbus S.E. N/A 3129088.00000000 NS 399456899.60000000 3.258417549111 Long EC CORP NL N 2 N N N Analog Devices, Inc. GYVOE5EZ4GDAVTU4CQ61 Analog Devices, Inc. 032654105 2624536.00000000 NS USD 430345167.92000000 3.510376835973 Long EC CORP US N 1 N N N ICICI Bank Ltd. R7RX8ER1V4666J8D1I38 ICICI Bank Ltd., ADR 45104G104 11904539.00000000 NS USD 258685632.47000000 2.110129541853 Long EC CORP IN N 1 N N N Keyence Corp. 529900M7PQBS7A89DZ11 Keyence Corp. N/A 656012.00000000 NS 337361896.76000000 2.751901208628 Long EC CORP JP N 2 N N N Zee Entertainment Enterprises Ltd. 254900EQIYPXZEO10B94 Zee Entertainment Enterprises Ltd., Pfd. EP0457648 15040130.00000000 NS 417207.53000000 0.003403211557 Long EP CORP IN Y 1 N N N Omron Corp. 549300ZHW0TR2QZ0NY83 Omron Corp. N/A 2246400.00000000 NS 164148337.82000000 1.338977559645 Long EC CORP JP N 2 N N N IQVIA Holdings, Inc. 549300W3R20NM4KQPH86 IQVIA Holdings, Inc. 46266C105 382899.00000000 NS USD 93771965.10000000 0.764909097833 Long EC CORP US N 1 N N N Agilent Technologies, Inc. QUIX8Y7A2WP0XRMW7G29 Agilent Technologies, Inc. 00846U101 1856680.00000000 NS USD 258672657.60000000 2.110023704292 Long EC CORP US N 1 N N N DLF Ltd. 335800PJLUEOB8914F48 DLF Ltd. N/A 70355450.00000000 NS 370654983.61000000 3.023476886917 Long EC CORP IN N 2 N N N Assa Abloy AB 549300YECS8HKCIMMB67 Assa Abloy AB, Class B N/A 6401588.00000000 NS 175380738.79000000 1.430601593367 Long EC CORP SE N 2 N N N Walt Disney Co. (The) 549300GZKULIZ0WOW665 Walt Disney Co. (The) 254687106 335763.00000000 NS USD 48004036.11000000 0.391574645088 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 489160.00000000 NS USD 152118976.80000000 1.240852627791 Long EC CORP US N 1 N N N Ambu A/S 5299008W2A69WX355710 Ambu A/S, Class B N/A 1163626.00000000 NS 24663706.30000000 0.201184792438 Long EC CORP DK N 2 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio, Institutional Class 825252729 2063075.61700000 NS USD 2063281.92000000 0.016830436584 Long STIV RF US N 1 N N N Nidec Corp. 353800IF171MZTNL6Y31 Nidec Corp. N/A 3819432.00000000 NS 338473281.92000000 2.760966909866 Long EC CORP JP N 2 N N N Prudential PLC 5493001Z3ZE83NGK8Y12 Prudential PLC N/A 1381415.00000000 NS 23233698.50000000 0.189520048343 Long EC CORP GB N 2 N N N Avantor, Inc. 5493003VM0XB4U8YD238 Avantor, Inc. 05352A100 5874297.00000000 NS USD 219287507.01000000 1.788754335843 Long EC CORP US N 1 N N N Intuitive Surgical, Inc. 54930052SRG011710797 Intuitive Surgical, Inc. 46120E602 221755.00000000 NS USD 63018335.90000000 0.514048078323 Long EC CORP US N 1 N N N Dun & Bradstreet Holdings, Inc. N/A Dun & Bradstreet Holdings, Inc. 26484T106 1003057.00000000 NS USD 20121323.42000000 0.164132033790 Long EC CORP US N 1 N N N ASML Holding N.V. 724500Y6DUVHQD6OXN27 ASML Holding N.V. N07059202 127086.00000000 NS 86927000.89000000 0.709073908787 Long EC CORP NL N 2 N N N JD.com, Inc. 549300HVTWB0GJZ16V92 JD.com, Inc., ADR 47215P106 6349093.00000000 NS USD 475420083.84000000 3.878058298493 Long EC CORP KY N 1 N N N Visa, Inc. 549300JZ4OKEHW3DPJ59 Visa, Inc., Class A 92826C839 769753.00000000 NS USD 174095036.01000000 1.420113962523 Long EC CORP US N 1 N N N StoneCo Ltd. 549300O1A9LEF0XZCR35 StoneCo Ltd., Class A G85158106 1884756.00000000 NS USD 29364498.48000000 0.239529714629 Long EC CORP KY N 1 N N N Zur Rose Group AG 50670038OH136R5Z4663 Zur Rose Group AG N/A 172835.00000000 NS 42461474.80000000 0.346363311756 Long EC CORP CH N 2 N N N TDK Corp. 3538005O8WNU39U8NX03 TDK Corp. N/A 3682900.00000000 NS 132825628.67000000 1.083474487143 Long EC CORP JP N 2 N N N Fidelity National Information Services, Inc. 6WQI0GK1PRFVBA061U48 Fidelity National Information Services, Inc. 31620M106 1169301.00000000 NS USD 140222575.92000000 1.143812267648 Long EC CORP US N 1 N N N Veracyte, Inc. 529900ESWZRHXOW27Z37 Veracyte, Inc. 92337F107 1657477.00000000 NS USD 50403875.57000000 0.411150421647 Long EC CORP US N 1 N N N Qualtrics International, Inc. 549300NW34K5PVZGTN68 Qualtrics International, Inc., Class A 747601201 1568873.00000000 NS USD 45920912.71000000 0.374582359186 Long EC CORP US N 1 N N N 2022-03-02 AIM International Mutual Funds (Invesco International Mutual Funds) Sheri Morris Sheri Morris President XXXX NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–100.10%
Argentina–0.36%
Reservas de Maternidad - Swiss Medical(a)(b) 1,029,617,880     $43,759,790
Brazil–0.24%
StoneCo Ltd., Class A(c) 1,884,756     29,364,498
China–4.25%
JD.com, Inc., ADR(c) 6,349,093    475,420,084
Meituan, B Shares(c)(d) 1,598,800     45,488,654
      520,908,738
Denmark–0.20%
Ambu A/S, Class B 1,163,626     24,663,706
France–12.36%
Airbus SE(c) 3,129,088    399,456,900
Dassault Systemes SE 891,660     42,932,078
Kering S.A. 484,091    361,438,583
LVMH Moet Hennessy Louis Vuitton SE 865,044    711,269,002
      1,515,096,563
Germany–2.43%
SAP SE 2,404,878    297,748,855
India–5.13%
DLF Ltd. 70,355,450    370,654,984
ICICI Bank Ltd., ADR 11,904,539    258,685,632
      629,340,616
Italy–0.36%
Brunello Cucinelli S.p.A.(c) 773,116     44,753,026
Japan–10.90%
FANUC Corp. 194,700     38,528,957
Keyence Corp. 656,012    337,361,897
Murata Manufacturing Co. Ltd. 4,330,212    324,734,703
Nidec Corp. 3,819,432    338,473,282
Omron Corp. 2,246,400    164,148,338
TDK Corp. 3,682,900    132,825,628
      1,336,072,805
Netherlands–0.86%
ASML Holding N.V. 127,086     86,927,001
uniQure N.V.(c) 1,031,898     18,625,759
      105,552,760
Spain–0.21%
Industria de Diseno Textil S.A. 851,707     25,733,968
Sweden–3.35%
Assa Abloy AB, Class B 6,401,588    175,380,739
Atlas Copco AB, Class A 3,998,937    235,030,767
      410,411,506
Switzerland–0.94%
Lonza Group AG 105,827     72,844,162
Zur Rose Group AG(c) 172,835     42,461,475
      115,305,637
  Shares Value
United Kingdom–0.84%
Farfetch Ltd., Class A(c) 3,672,396     $79,727,717
Prudential PLC 1,381,415     23,233,699
      102,961,416
United States–57.67%
Adobe, Inc.(c) 1,013,321    541,417,410
Agilent Technologies, Inc. 1,856,680    258,672,658
Alphabet, Inc., Class A(c) 525,130  1,421,038,539
Amazon.com, Inc.(c) 36,690    109,757,034
Analog Devices, Inc. 2,624,536    430,345,168
Avantor, Inc.(c) 5,874,297    219,287,507
Boston Scientific Corp.(c) 1,529,335     65,608,472
Castle Biosciences, Inc.(c) 406,818     17,594,879
Charles River Laboratories International, Inc.(c) 188,480     62,153,165
Danaher Corp. 159,976     45,719,541
Datadog, Inc., Class A(c) 137,834     20,138,926
Dun & Bradstreet Holdings, Inc.(c) 1,003,057     20,121,323
Equifax, Inc. 1,047,869    251,237,071
Fidelity National Information Services, Inc. 1,169,301    140,222,576
Illumina, Inc.(c) 275,948     96,256,181
Intuit, Inc. 1,359,750    754,973,992
Intuitive Surgical, Inc.(c) 221,755     63,018,336
IQVIA Holdings, Inc.(c) 382,899     93,771,965
Lam Research Corp. 20,496     12,091,000
Marriott International, Inc., Class A(c) 125,102     20,156,434
Marvell Technology, Inc. 1,621,168    115,751,395
Meta Platforms, Inc., Class A(c) 2,050,329    642,286,063
Microsoft Corp. 489,160    152,118,977
Natera, Inc.(c) 424,004     29,955,883
NVIDIA Corp. 255,111     62,466,479
Omnicell, Inc.(c) 340,841     51,173,868
PayPal Holdings, Inc.(c) 264,490     45,476,411
Phathom Pharmaceuticals, Inc.(c) 1,123,410     18,873,288
Qualtrics International, Inc., Class A(c) 1,568,873     45,920,913
S&P Global, Inc. 1,519,633    630,982,014
Splunk, Inc.(c) 524,375     64,980,550
United Parcel Service, Inc., Class B 1,455,595    294,335,865
Veracyte, Inc.(c) 1,657,477     50,403,876
Visa, Inc., Class A 769,753    174,095,036
Walt Disney Co. (The)(c) 335,763     48,004,036
      7,070,406,831
Total Common Stocks & Other Equity Interests (Cost $4,405,002,469) 12,272,080,715
Preferred Stocks–0.00%
India–0.00%
Zee Entertainment Enterprises Ltd., 6.00%, Pfd. (Acquired 03/13/2001-07/04/2001; Cost $0)(e)
(Cost $0) 		15,040,130        417,208
 
See accompanying notes which are an integral part of this schedule.
Invesco Global Fund
  Shares Value
Money Market Funds–0.07%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(a)(f) 2,862,407      $2,862,407
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(a)(f) 2,063,076      2,063,282
Invesco Treasury Portfolio, Institutional Class, 0.01%(a)(f) 3,271,322      3,271,322
Total Money Market Funds (Cost $8,197,011) 8,197,011
TOTAL INVESTMENTS IN SECURITIES—100.17% (Cost $4,413,199,480) 12,280,694,934
OTHER ASSETS LESS LIABILITIES–(0.17)% (20,406,233)
NET ASSETS–100.00% $12,260,288,701
Investment Abbreviations:
ADR – American Depositary Receipt
Pfd. – Preferred
Notes to Schedule of Investments:
(a) Affiliated issuer. The issuer is affiliated by having an investment adviser that is under common control of Invesco Ltd. and/or the Investment Company Act of 1940, as amended (the “1940 Act”), defines “affiliated person” to include an issuer of which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2022.
    
  Value
October 31, 2021 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
January 31, 2022 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $- $75,431,103 $(72,568,696) $- $- $2,862,407 $219
Invesco Liquid Assets Portfolio, Institutional Class 257,579 53,879,359 (52,073,405) - (251) 2,063,282 74
Invesco Treasury Portfolio, Institutional Class - 86,206,975 (82,935,653) - - 3,271,322 111
Investments in Other Affiliates:              
Reservas de Maternidad - Swiss Medical 46,866,147 - - (3,106,357) - 43,759,790 -
Total $47,123,726 $215,517,437 $(207,577,754) $(3,106,357) $(251) $51,956,801 $404
    
(b) Security valued using significant unobservable inputs (Level 3). See Note 1.
(c) Non-income producing security.
(d) 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 January 31, 2022 represented less than 1% of the Fund’s Net Assets.
(e) Restricted security. The value of this security at January 31, 2022 represented less than 1% of the Fund’s Net Assets.
(f) The rate shown is the 7-day SEC standardized yield as of January 31, 2022.
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 Global Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2022
(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, 2022. 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        
Argentina $— $— $43,759,790 $43,759,790
Brazil 29,364,498 — — 29,364,498
China 475,420,084 45,488,654 — 520,908,738
Denmark — 24,663,706 — 24,663,706
France — 1,515,096,563 — 1,515,096,563
Germany — 297,748,855 — 297,748,855
India 259,102,840 370,654,984 — 629,757,824
Italy — 44,753,026 — 44,753,026
Japan — 1,336,072,805 — 1,336,072,805
Netherlands 18,625,759 86,927,001 — 105,552,760
Spain — 25,733,968 — 25,733,968
Sweden — 410,411,506 — 410,411,506
Switzerland — 115,305,637 — 115,305,637
United Kingdom 79,727,717 23,233,699 — 102,961,416
United States 7,070,406,831 — — 7,070,406,831
Money Market Funds 8,197,011 — — 8,197,011
Total Investments $7,940,844,740 $4,296,090,404 $43,759,790 $12,280,694,934
Invesco Global Fund