NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–97.46%
Australia–0.62%
CSL Ltd. 95,060    $17,653,904
Brazil–2.62%
B3 S.A. - Brasil, Bolsa, Balcao 19,406,206    53,430,017
Rede D’Or Sao Luiz S.A.(a) 2,492,400    20,802,465
      74,232,482
Canada–6.58%
Bank of Nova Scotia (The) 580,351    41,802,256
CGI, Inc., Class A(b) 622,795    53,173,852
Magna International, Inc. 580,672    46,781,748
Ritchie Bros. Auctioneers, Inc. 736,527    44,893,295
      186,651,151
China–8.91%
China Feihe Ltd.(a) 13,363,000    18,569,395
China Mengniu Dairy Co. Ltd. 9,415,000    55,420,056
China Resources Beer Holdings Co. Ltd. 3,868,000    28,878,544
JD.com, Inc., A Shares(b) 35,476     1,322,903
JD.com, Inc., ADR(b) 486,991    36,465,886
Tencent Holdings Ltd. 757,400    46,229,662
Wuliangye Yibin Co. Ltd., A Shares 505,376    15,734,663
Yum China Holdings, Inc. 1,041,126    50,151,039
      252,772,148
Denmark–2.66%
Carlsberg A/S, Class B 181,154    29,288,221
Novo Nordisk A/S, Class B 460,607    46,110,674
      75,398,895
France–8.99%
Air Liquide S.A. 171,787    29,460,983
Arkema S.A. 376,956    55,589,116
Kering S.A. 42,899    32,029,833
LVMH Moet Hennessy Louis Vuitton SE 45,920    37,757,007
Pernod Ricard S.A. 129,445    27,640,760
Schneider Electric SE 426,886    72,567,637
      255,045,336
Germany–1.13%
Deutsche Boerse AG 181,833    32,108,953
Hong Kong–2.10%
AIA Group Ltd. 5,746,000    59,685,221
India–2.60%
HDFC Bank Ltd., ADR 1,075,687    73,824,399
Ireland–5.40%
CRH PLC 1,070,928    53,837,437
Flutter Entertainment PLC(b) 332,259    50,458,792
ICON PLC(b) 183,745    48,824,721
      153,120,950
Italy–2.37%
FinecoBank Banca Fineco S.p.A.(c) 4,006,414    67,215,620
  Shares Value
Japan–12.70%
Asahi Group Holdings Ltd. 835,700    $34,155,760
FANUC Corp. 94,212    18,643,503
Hoya Corp. 297,500    38,524,304
Keyence Corp. 28,500    14,656,461
Koito Manufacturing Co. Ltd. 850,600    42,742,384
Komatsu Ltd. 806,000    19,842,338
Olympus Corp. 3,773,500    84,609,212
SMC Corp. 30,500    17,060,716
Sony Group Corp. 523,600    58,495,677
TIS, Inc. 1,208,500    31,769,484
      360,499,839
Macau–0.70%
Galaxy Entertainment Group Ltd.(b) 3,442,090    20,014,925
Mexico–1.53%
Wal-Mart de Mexico S.A.B. de C.V., Series V 12,794,748    43,505,121
Netherlands–5.05%
ASML Holding N.V. 56,049    38,337,594
Heineken N.V. 408,509    43,852,733
Wolters Kluwer N.V. 601,089    61,239,046
      143,429,373
Singapore–1.98%
United Overseas Bank Ltd. 2,533,866    56,347,594
South Korea–3.76%
NAVER Corp. 159,975    42,382,758
Samsung Electronics Co. Ltd. 1,036,834    64,222,055
      106,604,813
Spain–1.17%
Amadeus IT Group S.A.(b) 482,248    33,086,392
Sweden–6.10%
Husqvarna AB, Class B 775,349    10,827,626
Investor AB, Class B 2,941,437    64,020,870
Sandvik AB 3,739,477    98,353,925
      173,202,421
Switzerland–6.28%
Kuehne + Nagel International AG, Class R 152,838    43,313,757
Logitech International S.A., Class R 536,125    45,045,665
Nestle S.A. 382,367    49,261,077
Roche Holding AG 104,735    40,497,463
      178,117,962
Taiwan–2.94%
Taiwan Semiconductor Manufacturing Co. Ltd. 3,658,887    83,323,760
United Kingdom–7.22%
Ashtead Group PLC 478,590    34,188,207
DCC PLC 405,226    34,014,315
Linde PLC 140,332    44,721,002
Reckitt Benckiser Group PLC 622,265    50,464,606
 
See accompanying notes which are an integral part of this schedule.
Invesco International Growth Fund
  Shares Value
United Kingdom–(continued)
WPP PLC 2,653,274    $41,426,994
      204,815,124
United States–4.05%
Amcor PLC, CDI 2,475,596    29,567,590
Broadcom, Inc. 145,816    85,430,678
      114,998,268
Total Common Stocks & Other Equity Interests (Cost $1,848,331,975) 2,765,654,651
Money Market Funds–2.81%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) 27,929,669    27,929,669
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) 19,802,465    19,804,446
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) 31,919,621    31,919,621
Total Money Market Funds (Cost $79,655,429) 79,653,736
TOTAL INVESTMENTS IN SECURITIES (excluding Investments purchased with cash collateral from securities on loan)-100.27% (Cost $1,927,987,404)     2,845,308,387
  Shares Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.00%
Invesco Private Government Fund, 0.02%(d)(e)(f) 19,213        $19,213
Invesco Private Prime Fund, 0.11%(d)(e)(f) 44,822        44,831
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $64,044) 64,044
TOTAL INVESTMENTS IN SECURITIES—100.27% (Cost $1,928,051,448) 2,845,372,431
OTHER ASSETS LESS LIABILITIES–(0.27)% (7,755,640)
NET ASSETS–100.00% $2,837,616,791
Investment Abbreviations:
ADR – American Depositary Receipt
CDI – CREST Depository Interest
Notes to Schedule of Investments:
(a) 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, 2022 was $39,371,860, which represented 1.39% of the Fund’s Net Assets.
(b) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2022.
(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 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 $19,221,547 $108,318,889 $(99,610,767) $- $- $27,929,669 $1,280
Invesco Liquid Assets Portfolio, Institutional Class 13,158,402 77,370,635 (70,720,933) (4,928) 1,270 19,804,446 468
Invesco Treasury Portfolio, Institutional Class 21,967,482 123,793,016 (113,840,877) - - 31,919,621 577
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 26,320,731 16,020,823 (42,322,341) - - 19,213 380*
Invesco Private Prime Fund 61,415,040 37,362,493 (98,725,974) - (6,728) 44,831 4,652*
Total $142,083,202 $362,865,856 $(425,220,892) $(4,928) $(5,458) $79,717,780 $7,357
    
* 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 January 31, 2022.
(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
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        
Australia $— $17,653,904 $— $17,653,904
Brazil 74,232,482 — — 74,232,482
Canada 186,651,151 — — 186,651,151
China 86,616,925 166,155,223 — 252,772,148
Denmark — 75,398,895 — 75,398,895
France — 255,045,336 — 255,045,336
Germany — 32,108,953 — 32,108,953
Hong Kong — 59,685,221 — 59,685,221
India 73,824,399 — — 73,824,399
Ireland 48,824,721 104,296,229 — 153,120,950
Italy — 67,215,620 — 67,215,620
Japan — 360,499,839 — 360,499,839
Macau — 20,014,925 — 20,014,925
Mexico 43,505,121 — — 43,505,121
Netherlands — 143,429,373 — 143,429,373
Singapore — 56,347,594 — 56,347,594
South Korea — 106,604,813 — 106,604,813
Spain — 33,086,392 — 33,086,392
Sweden — 173,202,421 — 173,202,421
Switzerland — 178,117,962 — 178,117,962
Taiwan — 83,323,760 — 83,323,760
United Kingdom 44,721,002 160,094,122 — 204,815,124
United States 85,430,678 29,567,590 — 114,998,268
Money Market Funds 79,653,736 64,044 — 79,717,780
Total Investments $723,460,215 $2,121,912,216 $— $2,845,372,431
Invesco International Growth Fund