NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2022
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–73.28%
Australia–3.89%
Australia & New Zealand Banking Group Ltd. 503      $9,506
BHP Group Ltd.(a) 6,063    194,586
BHP Group Ltd.(a) 6,393    201,794
Coles Group Ltd. 1,351     15,573
Fortescue Metals Group Ltd. 644      9,118
Glencore PLC 12,063     63,052
Goodman Group 424      6,996
Macquarie Group Ltd. 16      2,100
Rio Tinto Ltd. 1,043     82,819
Rio Tinto PLC 1,492    105,110
Telstra Corp. Ltd. 13,650     37,973
Transurban Group 1,084      9,578
Wesfarmers Ltd. 1,084     40,836
Woolworths Group Ltd. 1,147     28,019
      807,060
Austria–0.03%
OMV AG 110      6,691
Belgium–0.31%
Anheuser-Busch InBev S.A./N.V. 408     25,706
Groupe Bruxelles Lambert S.A. 79      8,477
KBC Group N.V. 298     25,868
UCB S.A. 34      3,375
      63,426
Brazil–2.03%
B3 S.A. - Brasil, Bolsa, Balcao 20,000     55,065
Banco Bradesco S.A., Preference Shares 2,362     10,142
Banco do Brasil S.A. 2,600     15,992
CCR S.A. 2,000      4,896
Cia de Saneamento Basico do Estado de Sao Paulo 500      3,518
Cosan S.A. 900      4,029
Itau Unibanco Holding S.A., Preference Shares 2,300     10,971
Petroleo Brasileiro S.A., Preference Shares 21,800    132,809
Telefonica Brasil S.A., ADR 1,382     12,963
Vale S.A. 9,200    140,111
WEG S.A. 4,900     29,676
      420,172
Chile–0.12%
Cencosud S.A. 4,013      7,392
Falabella S.A. 4,916     17,497
      24,889
China–7.73%
Agricultural Bank of China Ltd., H Shares 10,000      3,806
Alibaba Group Holding Ltd.(b) 2,200     34,536
Aluminum Corp. of China Ltd., H Shares(b) 10,000      5,226
  Shares Value
China–(continued)
Anhui Conch Cement Co. Ltd., H Shares 2,000     $10,571
ANTA Sports Products Ltd. 1,600     24,004
Baidu, Inc., ADR(b) 346     55,270
Bank of China Ltd., H Shares 80,000     31,121
Bank of Communications Co. Ltd., H Shares 27,000     18,123
BeiGene Ltd., ADR(b) 63     15,282
Brilliance China Automotive Holdings Ltd.(c) 6,000      1,154
BYD Co. Ltd., H Shares 4,500    129,530
CGN Power Co. Ltd., H Shares(d) 18,000      4,983
China CITIC Bank Corp. Ltd., H Shares 19,000      9,055
China Conch Venture Holdings Ltd. 1,000      4,751
China Construction Bank Corp., H Shares 119,000     91,113
China Feihe Ltd.(d) 3,000      4,169
China Life Insurance Co. Ltd., H Shares 5,000      8,814
China Mengniu Dairy Co. Ltd. 2,000     11,773
China Merchants Bank Co. Ltd., H Shares 4,500     37,599
China Minsheng Banking Corp. Ltd., H Shares 11,500      4,577
China Overseas Land & Investment Ltd. 7,000     20,620
China Petroleum & Chemical Corp., H Shares 22,000     11,494
China Resources Power Holdings Co. Ltd. 8,000     19,540
China Shenhua Energy Co. Ltd., H Shares 1,500      3,708
China Taiping Insurance Holdings Co. Ltd. 3,000      4,235
China Tower Corp. Ltd., H Shares(d) 74,000      8,936
China Vanke Co. Ltd., H Shares 1,900      4,910
CITIC Ltd. 9,000     10,073
COSCO SHIPPING Holdings Co. Ltd., H Shares(b) 5,850     10,576
CSPC Pharmaceutical Group Ltd. 26,640     32,350
ENN Energy Holdings Ltd. 400      6,358
Fuyao Glass Industry Group Co. Ltd., H Shares(d) 800      4,336
Ganfeng Lithium Co. Ltd., H Shares(d) 200      3,168
Genscript Biotech Corp.(b) 4,000     12,696
Great Wall Motor Co. Ltd., H Shares 4,500     12,128
Haier Smart Home Co. Ltd., H Shares 2,200      8,817
Hengan International Group Co. Ltd. 1,000      4,872
Industrial & Commercial Bank of China Ltd., H Shares 83,000     50,217
Innovent Biologics, Inc.(b)(d) 1,000      4,228
JD.com, Inc., A Shares(b) 716     26,700
Kingsoft Corp. Ltd. 1,200      5,419
Kunlun Energy Co. Ltd. 6,000      6,215
Lenovo Group Ltd. 10,000     10,782
Li Auto, Inc., ADR(b) 440     11,480
Li Ning Co. Ltd. 5,500     53,400
Longfor Group Holdings Ltd.(d) 1,000      5,979
Lufax Holding Ltd., ADR(b) 1,382      6,868
NetEase, Inc. 1,600     33,011
Nongfu Spring Co. Ltd., H Shares(d) 1,400      8,476
NXP Semiconductors N.V. 644    132,303
PetroChina Co. Ltd., H Shares 112,000     55,373
Pinduoduo, Inc., ADR(b) 1,084     64,866
Ping An Insurance (Group) Co. of China Ltd., H Shares 7,500     58,779
RLX Technology, Inc., ADR(b) 895      2,998
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares 2,800      3,431
 
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
China–(continued)
Shenzhou International Group Holdings Ltd. 1,000     $18,469
Sinopharm Group Co. Ltd., H Shares 2,400      5,367
SITC International Holdings Co. Ltd. 3,000     11,387
Smoore International Holdings Ltd.(d) 3,000     12,935
Sunny Optical Technology Group Co. Ltd. 800     20,607
Tencent Holdings Ltd. 3,500    213,631
Trip.com Group Ltd., ADR(b) 188      5,003
Want Want China Holdings Ltd. 10,000      9,797
Weibo Corp., ADR(b) 184      6,376
Weichai Power Co. Ltd., H Shares 5,000      8,998
WuXi AppTec Co. Ltd., H Shares(d) 440      6,321
Wuxi Biologics Cayman, Inc.(b)(d) 2,000     19,640
Xiaomi Corp., B Shares(b)(d) 4,600      9,727
XPeng, Inc., ADR(b) 269      9,439
Yankuang Energy Group Co. Ltd., H Shares 4,000      8,462
Yum China Holdings, Inc. 91      4,383
Zhongsheng Group Holdings Ltd. 1,000      7,677
      1,603,018
Denmark–3.02%
AP Moller - Maersk A/S, Class B 31    111,244
Carlsberg A/S, Class B 110     17,784
Danske Bank A/S 880     17,049
DSV A/S 31      6,304
Genmab A/S(b) 16      5,436
Novo Nordisk A/S, Class B 4,477    448,186
Novozymes A/S, Class B 251     17,237
Vestas Wind Systems A/S 141      3,792
      627,032
Finland–0.81%
Fortum OYJ 251      6,843
Kone OYJ, Class B 63      4,096
Neste OYJ 848     38,056
Nokia OYJ(b) 7,602     45,082
Nordea Bank Abp 1,602     19,015
Sampo OYJ, Class A 1,100     54,674
      167,766
France–5.39%
Air Liquide S.A. 63     10,804
AXA S.A. 3,377    106,884
BNP Paribas S.A. 1,649    117,842
Bouygues S.A. 144      5,067
Bureau Veritas S.A. 324      9,279
Capgemini SE 47     10,538
Carrefour S.A. 216      4,112
Cie de Saint-Gobain 1,147     77,917
Cie Generale des Etablissements Michelin S.C.A. 236     39,499
Credit Agricole S.A. 628      9,427
Danone S.A. 144      8,971
Dassault Systemes SE 188      9,052
Electricite de France S.A. 895      8,556
EssilorLuxottica S.A. 1,084    205,553
Hermes International 16     23,972
Kering S.A. 94     70,184
Legrand S.A. 54      5,496
L’Oreal S.A. 267    114,296
LVMH Moet Hennessy Louis Vuitton SE 47     38,645
Orange S.A. 1,242     14,557
  Shares Value
France–(continued)
Pernod Ricard S.A. 47     $10,036
Sanofi 754     78,379
Sartorius Stedim Biotech 6      2,627
Schneider Electric SE 79     13,429
Societe Generale S.A. 267      9,906
Thales S.A. 126     11,583
TotalEnergies SE 958     54,263
Veolia Environnement S.A. 157      5,681
Vinci S.A. 188     20,566
Vivendi SE 1,367     17,915
Worldline S.A.(b)(d) 63      3,061
      1,118,097
Germany–4.53%
adidas AG 157     42,759
Allianz SE 597    152,903
Bayer AG 236     14,308
Bayerische Motoren Werke AG 220     22,982
Beiersdorf AG 94      9,306
Continental AG(b) 108     10,340
Deutsche Bank AG(b) 2,183     29,989
Deutsche Post AG 801     47,733
Deutsche Telekom AG 4,712     88,307
E.ON SE 565      7,759
Evonik Industries AG 126      4,076
Fresenius Medical Care AG & Co. KGaA 550     37,126
Fresenius SE & Co. KGaA 958     39,357
Hannover Rueck SE 47      9,428
Henkel AG & Co. KGaA, Preference Shares 110      8,958
Knorr-Bremse AG 94      9,483
Mercedes-Benz Group AG 534     42,035
Merck KGaA 204     44,470
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R 236     74,018
RWE AG 169      7,101
SAP SE 1,084    134,210
Sartorius AG, Preference Shares 31     16,596
Siemens AG 173     27,201
Siemens Energy AG(b) 723     16,081
Siemens Healthineers AG(d) 63      4,016
Volkswagen AG, Preference Shares 188     38,744
      939,286
Greece–0.08%
Hellenic Telecommunications Organization S.A. 848     16,515
Hong Kong–2.14%
CK Asset Holdings Ltd. 6,500     43,289
CK Hutchison Holdings Ltd. 1,500     10,635
CLP Holdings Ltd. 5,000     49,956
Hong Kong & China Gas Co. Ltd. (The) 62,292     95,929
Hong Kong Exchanges & Clearing Ltd. 1,600     90,300
Jardine Matheson Holdings Ltd. 500     29,549
Link REIT 7,000     60,025
New World Development Co. Ltd. 1,000      4,074
Power Assets Holdings Ltd. 1,000      6,151
Sun Hung Kai Properties Ltd. 2,000     24,357
Techtronic Industries Co. Ltd. 500      8,220
WH Group Ltd. 17,340     11,570
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Hong Kong–(continued)
Wharf Real Estate Investment Co. Ltd. 2,000      $9,497
      443,552
Hungary–0.13%
OTP Bank Nyrt(b) 471     27,343
Indonesia–0.40%
PT Astra International Tbk 30,700     11,724
PT Bank Central Asia Tbk 35,600     18,982
PT Bank Mandiri (Persero) Tbk 18,600      9,692
PT Bank Negara Indonesia (Persero) Tbk 9,600      4,917
PT Kalbe Farma Tbk 30,300      3,458
PT Telkom Indonesia (Persero) Tbk 115,500     33,771
      82,544
Ireland–0.11%
Kerry Group PLC, Class A 188     23,691
Italy–0.74%
Assicurazioni Generali S.p.A. 1,565     32,846
Enel S.p.A. 8,796     67,436
Eni S.p.A. 644      9,656
Ferrari N.V. 16      3,680
Intesa Sanpaolo S.p.A. 8,293     24,515
Poste Italiane S.p.A.(d) 456      6,095
UniCredit S.p.A. 534      8,423
      152,651
Japan–12.48%
Asahi Group Holdings Ltd. 100      4,087
Asahi Kasei Corp. 1,700     16,715
Astellas Pharma, Inc. 3,500     56,311
Bridgestone Corp. 3,400    149,261
Canon, Inc. 1,500     35,423
Chugai Pharmaceutical Co. Ltd. 100      3,247
Dai-ichi Life Holdings, Inc. 300      6,748
Daiichi Sankyo Co. Ltd. 1,400     31,345
Daikin Industries Ltd. 300     63,029
Daiwa House Industry Co. Ltd. 800     23,346
Denso Corp. 500     37,278
Eisai Co. Ltd. 200     10,107
FUJIFILM Holdings Corp. 500     33,473
Fujitsu Ltd. 100     13,189
Hitachi Ltd. 400     20,850
Honda Motor Co. Ltd. 2,900     85,136
Hoya Corp. 500     64,747
ITOCHU Corp. 1,500     48,183
Japan Post Holdings Co. Ltd. 6,000     51,130
Japan Tobacco, Inc. 500     10,021
Kao Corp. 600     30,022
KDDI Corp. 1,100     34,952
Kirin Holdings Co. Ltd. 1,000     16,024
Komatsu Ltd. 900     22,156
Kubota Corp. 200      4,291
Kyocera Corp. 400     24,692
Mitsubishi Corp. 5,700    193,510
Mitsubishi Electric Corp. 600      7,526
Mitsubishi Estate Co. Ltd. 2,500     36,184
Mitsubishi UFJ Financial Group, Inc. 14,000     84,629
Mitsui & Co. Ltd. 2,400     60,041
  Shares Value
Japan–(continued)
Mitsui Fudosan Co. Ltd. 800     $17,104
Mizuho Financial Group, Inc. 970     13,089
Murata Manufacturing Co. Ltd. 800     59,994
Nintendo Co. Ltd. 200     98,099
Nippon Telegraph & Telephone Corp. 5,200    148,191
Nissan Motor Co. Ltd.(b) 800      4,258
Nomura Holdings, Inc. 700      3,088
NTT Data Corp. 700     13,451
Olympus Corp. 5,700    127,805
ORIX Corp. 2,600     53,664
Otsuka Holdings Co. Ltd. 100      3,426
Panasonic Corp. 2,500     27,464
Rakuten Group, Inc.(b) 1,100      9,538
Recruit Holdings Co. Ltd. 2,300    113,412
Renesas Electronics Corp.(b) 1,000     11,511
Secom Co. Ltd. 200     14,137
Sekisui House Ltd. 800     16,219
Seven & i Holdings Co. Ltd. 600     29,321
Shimano, Inc. 100     22,515
Shionogi & Co. Ltd. 100      5,623
Softbank Corp. 1,600     20,033
SoftBank Group Corp. 300     13,270
Sompo Holdings, Inc. 800     37,432
Sony Group Corp. 200     22,344
Subaru Corp. 700     12,807
Sumitomo Corp. 500      7,753
Sumitomo Mitsui Financial Group, Inc. 1,500     53,872
Sumitomo Mitsui Trust Holdings, Inc. 300     10,402
Sumitomo Realty & Development Co. Ltd. 300      9,294
Suzuki Motor Corp. 100      4,270
Takeda Pharmaceutical Co. Ltd. 1,938     56,137
Terumo Corp. 100      3,655
Tokio Marine Holdings, Inc. 900     53,775
Tokyo Electron Ltd. 200     97,216
Toshiba Corp. 600     24,866
Toyota Industries Corp. 200     15,628
Toyota Motor Corp. 3,800     75,191
      2,587,507
Luxembourg–0.05%
ArcelorMittal S.A. 346     10,322
Malaysia–0.28%
Axiata Group Bhd. 9,900      8,784
IHH Healthcare Bhd. 5,400      8,321
Malayan Banking Bhd. 2,900      5,730
MISC Bhd. 5,700      9,500
Petronas Chemicals Group Bhd. 2,200      4,673
RHB Bank Bhd. 3,300      4,380
Tenaga Nasional Bhd. 4,600     10,074
Top Glove Corp. Bhd. 12,100      6,135
      57,597
Mexico–0.51%
Cemex S.A.B. de C.V., ADR(b) 2,089     12,785
Fomento Economico Mexicano, S.A.B. de C.V., ADR 205     15,420
Grupo Bimbo S.A.B. de C.V., Series A 3,100      9,707
Grupo Elektra S.A.B. de C.V. 65      4,271
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Mexico–(continued)
Wal-Mart de Mexico S.A.B. de C.V., Series V 18,573     $63,152
      105,335
Netherlands–4.20%
Adyen N.V.(b)(d) 31     63,215
Akzo Nobel N.V. 283     29,308
ASML Holding N.V. 597    408,349
EXOR N.V. 173     14,511
ING Groep N.V. 2,372     35,017
Koninklijke Ahold Delhaize N.V. 3,173    102,866
Koninklijke DSM N.V. 173     32,583
Koninklijke KPN N.V. 4,068     13,390
Koninklijke Philips N.V. 1,414     46,912
Shell PLC 3,110     78,910
Wolters Kluwer N.V. 440     44,827
      869,888
Peru–0.02%
Credicorp Ltd. 31      4,440
Philippines–0.08%
SM Prime Holdings, Inc. 23,300     16,103
Poland–0.09%
Bank Polska Kasa Opieki S.A. 188      6,253
KGHM Polska Miedz S.A. 188      6,470
Powszechny Zaklad Ubezpieczen S.A. 754      6,704
      19,427
Russia–1.40%
Gazprom PJSC, ADR 2,874     24,860
Lukoil PJSC, ADR 254     22,780
Lukoil PJSC, ADR 641     56,966
MMC Norilsk Nickel PJSC, ADR 1,194     33,790
Mobile TeleSystems PJSC, ADR 954      7,289
Novatek PJSC, GDR(d) 47      9,979
PhosAgro PJSC, GDR(d) 270      5,427
Rosneft Oil Co. PJSC, GDR(d) 6,004     44,490
Sberbank of Russia PJSC, ADR 2,450     34,116
Surgutneftegas PJSC, ADR 3,817     17,795
Tatneft PJSC, ADR 330     12,665
TCS Group Holding PLC, GDR(d) 63      4,486
VTB Bank PJSC, GDR(d) 4,858      5,480
Yandex N.V., Class A(b) 220     10,573
      290,696
Singapore–0.06%
DBS Group Holdings Ltd. 300      7,859
STMicroelectronics N.V. 110      5,145
      13,004
South Africa–0.95%
Absa Group Ltd. 911     10,086
Anglo American PLC 1,696     74,373
Capitec Bank Holdings Ltd. 79     10,398
Discovery Ltd.(b) 597      6,016
FirstRand Ltd. 6,817     27,494
Impala Platinum Holdings Ltd. 411      6,296
Remgro Ltd. 756      6,524
Sasol Ltd.(b) 1,052     23,575
  Shares Value
South Africa–(continued)
Standard Bank Group Ltd. 3,283     $32,003
      196,765
South Korea–1.94%
Hyundai Mobis Co. Ltd. 126     24,549
Kakao Corp.(b) 393     28,518
Kia Corp. 314     21,812
NAVER Corp. 126     33,382
Samsung Electronics Co. Ltd. 2,890    179,008
Samsung SDI Co. Ltd. 47     23,245
SK Hynix, Inc. 597     62,086
SK Telecom Co. Ltd. 632     29,869
      402,469
Spain–1.51%
Banco Bilbao Vizcaya Argentaria S.A. 1,304      8,300
Banco Santander S.A. 2,293      8,037
CaixaBank S.A. 4,948     15,895
Cellnex Telecom S.A.(d) 126      5,746
Endesa S.A. 377      8,484
Ferrovial S.A. 581     16,149
Iberdrola S.A. 12,849    148,429
Naturgy Energy Group S.A. 298      9,467
Repsol S.A. 3,833     48,565
Telefonica S.A. 9,252     43,221
      312,293
Sweden–1.51%
Assa Abloy AB, Class B 346      9,479
Atlas Copco AB, Class A 1,021     60,008
Epiroc AB, Class A 1,194     25,379
EQT AB 895     34,887
Essity AB, Class B 126      3,547
Evolution AB(d) 63      7,823
Hexagon AB, Class B 565      7,634
Investor AB, Class B 424      9,228
Sandvik AB 1,178     30,983
Skandinaviska Enskilda Banken AB, Class A 2,105     27,138
Svenska Handelsbanken AB, Class A 660      7,017
Swedbank AB, Class A 408      7,987
Telefonaktiebolaget LM Ericsson, Class B 4,932     61,211
Telia Co. AB 2,372      9,342
Volvo AB, Class B 550     12,402
      314,065
Switzerland–7.49%
ABB Ltd. 613     21,187
Alcon, Inc. 79      6,092
Cie Financiere Richemont S.A. 94     13,632
Credit Suisse Group AG 8,199     77,728
Geberit AG 63     42,818
Givaudan S.A. 2      8,297
Holcim Ltd.(b) 236     12,757
Kuehne + Nagel International AG, Class R 63     17,854
Lonza Group AG 16     11,013
Nestle S.A. 3,236    416,900
Novartis AG 3,346    290,913
Partners Group Holding AG 31     43,131
Roche Holding AG 990    382,799
Schindler Holding AG, PC 126     31,555
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Switzerland–(continued)
SGS S.A. 7     $19,962
Sika AG 31     10,850
Straumann Holding AG, Class R 31     51,248
Swisscom AG 31     17,684
UBS Group AG 4,131     76,593
      1,553,013
Taiwan–3.30%
ASE Technology Holding Co. Ltd., ADR 1,194      8,453
Asustek Computer, Inc. 1,000     12,968
Catcher Technology Co. Ltd. 2,000     11,252
Cathay Financial Holding Co. Ltd. 2,000      4,625
Chailease Holding Co. Ltd. 1,100     10,131
Cheng Shin Rubber Industry Co. Ltd. 3,000      3,767
China Steel Corp. 10,000     12,120
Chunghwa Telecom Co. Ltd., ADR 660     28,651
CTBC Financial Holding Co. Ltd. 9,000      9,021
Delta Electronics, Inc. 2,000     19,358
Evergreen Marine Corp. Taiwan Ltd. 4,000     16,839
Far Eastern New Century Corp. 4,000      4,178
First Financial Holding Co. Ltd. 6,000      5,460
Formosa Chemicals & Fibre Corp. 1,000      2,839
Fubon Financial Holding Co. Ltd. 3,000      8,239
Hon Hai Precision Industry Co. Ltd. 18,000     66,965
MediaTek, Inc. 2,000     77,981
Mega Financial Holding Co. Ltd. 7,000      9,363
Novatek Microelectronics Corp. 1,000     17,449
Quanta Computer, Inc. 4,000     13,550
Sea Ltd., ADR(b) 173     26,004
Taiwan Cement Corp. 3,200      5,395
Taiwan Cooperative Financial Holding Co. Ltd. 5,000      4,794
Taiwan Mobile Co. Ltd. 1,000      3,586
Taiwan Semiconductor Manufacturing Co. Ltd., ADR 1,963    240,723
Uni-President Enterprises Corp. 4,000      9,790
United Microelectronics Corp., ADR 2,984     29,333
Wan Hai Lines Ltd. 1,300      7,089
Yang Ming Marine Transport Corp.(b) 1,000      3,681
Yuanta Financial Holding Co. Ltd. 10,600      9,727
      683,331
United Kingdom–4.67%
Ashtead Group PLC 675     48,219
AstraZeneca PLC 314     36,436
BAE Systems PLC 1,445     11,275
Barclays PLC 6,958     18,703
BP PLC 3,408     17,579
British American Tobacco PLC 1,225     52,137
BT Group PLC 8,733     23,123
Coca-Cola Europacific Partners PLC 393     22,460
Diageo PLC 3,691    186,052
Experian PLC 330     13,782
GlaxoSmithKline PLC 2,278     50,412
HSBC Holdings PLC 3,707     26,570
Imperial Brands PLC 487     11,510
Lloyds Banking Group PLC 14,608     10,170
National Grid PLC 3,299     48,201
Prudential PLC 2,230     37,506
Reckitt Benckiser Group PLC 628     50,930
RELX PLC 518     15,877
  Shares Value
United Kingdom–(continued)
SSE PLC 880     $18,797
Standard Chartered PLC 4,194     30,701
Tesco PLC 8,388     33,578
Unilever PLC 2,843    144,540
Vodafone Group PLC 34,320     60,381
      968,939
United States–1.28%
Atlassian Corp. PLC, Class A(b) 236     76,544
Ferguson PLC 503     79,179
JBS S.A. 1,700     11,234
Spotify Technology S.A.(b) 126     24,729
Stellantis N.V. 503      9,722
Swiss Re AG 597     64,789
      266,197
Vietnam–0.00%
Vietnam Dairy Products JSC 2          7
Total Common Stocks & Other Equity Interests (Cost $13,330,535) 15,195,131
Event-Linked Bonds–0.47%
Multinational–0.47%
Alturas RE Segregated Account, Catastrophe Linked Notes, 0.00%, 12/31/2022(c)(d)(e)   $1,000      1,933
Eden RE II Ltd., Class A, Catastrophe Linked Notes, 0.00%, 03/22/2023(c)(d)(e)   720     10,583
Limestone Re Ltd., Class A, Catastrophe Linked Notes, 0.00%, 09/09/2022(c)(d)(e)   1,174      2,357
Sector Re V Ltd., Series 2019-1, Class A, Catastrophe Linked Notes, 0.00%, 03/01/2024(c)(d)(e)   120,000     80,594
Versutus Ltd., Catastrophe Linked Notes, 0.00%, 12/31/2022(c)(e)   6,601      2,701
Total Event-Linked Bonds (Cost $129,496) 98,168
  Shares  
Preferred Stocks–0.47%
Multinational–0.47%
Harambee Re Ltd., Pfd.(c) 80      3,520
Lion Rock Re Ltd., Series S, Pfd.(c) 25      4,418
Lorenz Re Ltd., Pfd.(c) 13      1,876
Mt. Logan Re Ltd., Pfd.(c) 116     80,526
Thopas Re Ltd., Pfd.(c) 5          0
Turing Re Ltd., Series 2019-1, Pfd.(c)(d) 886      2,133
Viribus Re Ltd., Pfd.(c) 38,090      4,160
Total Preferred Stocks (Cost $247,885) 96,633
Money Market Funds–15.95%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(f)(g) 1,025,829  1,025,828
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(f)(g) 1,108,906  1,109,017
Invesco Treasury Portfolio, Institutional Class, 0.01%(f)(g) 1,172,375  1,172,375
Total Money Market Funds (Cost $3,307,439) 3,307,220
TOTAL INVESTMENTS IN SECURITIES—90.17% (Cost $17,015,355) 18,697,152
OTHER ASSETS LESS LIABILITIES–9.83% 2,038,207
NET ASSETS–100.00% $20,735,359
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
Investment Abbreviations:
ADR – American Depositary Receipt
GDR – Global Depositary Receipt
PC – Participation Certificate
Pfd. – Preferred
Notes to Schedule of Investments:
(a) The Fund holds securities which have been issued by the same entity and that trade on separate exchanges.
(b) Non-income producing security.
(c) Security valued using significant unobservable inputs (Level 3). See Note 1.
(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 aggregate value of these securities at January 31, 2022 was $350,316, which represented 1.69% of the Fund’s Net Assets.
(e) Zero coupon bond issued at a discount.
(f) 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 $705,491 $900,974 $(580,637) $- $- $1,025,828 $62
Invesco Liquid Assets Portfolio, Institutional Class 880,433 643,553 (414,741) (143) (85) 1,109,017 35
Invesco Treasury Portfolio, Institutional Class 806,276 1,029,684 (663,585) - - 1,172,375 28
Total $2,392,200 $2,574,211 $(1,658,963) $(143) $(85) $3,307,220 $125
    
(g) The rate shown is the 7-day SEC standardized yield as of January 31, 2022.
    
Open Exchange-Traded Index Options Written
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value* 		    Value
Equity Risk
MSCI Emerging Markets Index Call 02/18/2022 13 USD 1,275.00 USD 1,657,500     $(4,420)
Equity Risk
MSCI Emerging Markets Index Put 02/18/2022 13 USD 1,175.00 USD 1,527,500     (9,360)
Total Index Options Written             $(13,780)
    
* Notional Value is calculated by multiplying the Number of Contracts by the Exercise Price by the multiplier.
    
Open Futures Contracts(a)
Long Futures Contracts Number of
Contracts 		Expiration
Month 		Notional
Value 		Value Unrealized
Appreciation
(Depreciation)
Currency Risk
Canadian Dollar 20 March-2022 $1,574,900 $604 $604
Equity Risk
S&P/TSX 60 Index 8 March-2022 1,607,238 11,191 11,191
Subtotal—Long Futures Contracts 11,795 11,795
Short Futures Contracts          
Equity Risk
MSCI Emerging Markets Index 25 March-2022 (1,531,000) (6,548) (6,548)
Total Futures Contracts $5,247 $5,247
    
(a) Futures contracts collateralized by $2,034,391 cash held with Merrill Lynch International, the futures commission merchant.
    
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
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                      
BNP Paribas S.A. Receive MSCI EAFE Minimum Volatility Index SOFR + 0.150% Monthly 767 April—2022 USD 1,681,916 $— $(70,418) $(70,418)
Goldman Sachs International Receive MSCI Emerging Markets Minimum Volatility Daily Net Total Return Index 1 Month USD LIBOR + 0.720% Monthly 345 June—2022 USD 732,708 — (25,889) (25,889)
J.P. Morgan Chase Bank, N.A. Receive MSCI Emerging Markets Minimum Volatility Daily Net Total Return Index 1 Month USD LIBOR + 0.790% Monthly 534 May—2022 USD 1,134,104 — (40,071) (40,071)
J.P. Morgan Chase Bank, N.A. Receive MSCI Emerging Markets Minimum Volatility Daily Net Total Return Index SOFR + 0.920% Monthly 231 May—2022 USD 482,926 — (9,665) (9,665)
Total — Total Return Swap Agreements         $— $(146,043) $(146,043)
    
(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
SOFR —Secured Overnight Financing 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
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 $201,794 $605,266 $— $807,060
Austria — 6,691 — 6,691
Belgium — 63,426 — 63,426
Brazil 420,172 — — 420,172
Chile 24,889 — — 24,889
China 314,268 1,287,596 1,154 1,603,018
Denmark — 627,032 — 627,032
Finland — 167,766 — 167,766
France — 1,118,097 — 1,118,097
Germany — 939,286 — 939,286
Greece — 16,515 — 16,515
Hong Kong — 443,552 — 443,552
Hungary — 27,343 — 27,343
Indonesia — 82,544 — 82,544
Ireland — 23,691 — 23,691
Italy — 152,651 — 152,651
Japan — 2,587,507 — 2,587,507
Luxembourg — 10,322 — 10,322
Malaysia — 57,597 — 57,597
Mexico 105,335 — — 105,335
Multinational — — 194,801 194,801
Netherlands 78,910 790,978 — 869,888
Peru 4,440 — — 4,440
Philippines — 16,103 — 16,103
Poland — 19,427 — 19,427
Russia 257,937 32,759 — 290,696
Singapore — 13,004 — 13,004
South Africa — 196,765 — 196,765
South Korea — 402,469 — 402,469
Spain — 312,293 — 312,293
Sweden — 314,065 — 314,065
Switzerland — 1,553,013 — 1,553,013
Taiwan 333,164 350,167 — 683,331
United Kingdom 22,460 946,479 — 968,939
United States 112,507 153,690 — 266,197
Vietnam — 7 — 7
Money Market Funds 3,307,220 — — 3,307,220
Total Investments in Securities 5,183,096 13,318,101 195,955 18,697,152
Invesco Advantage International Fund
  Level 1 Level 2 Level 3 Total
Other Investments - Assets*        
Futures Contracts $11,795 $— $— $11,795
Other Investments - Liabilities*        
Futures Contracts (6,548) — — (6,548)
Options Written (13,780) — — (13,780)
Swap Agreements — (146,043) — (146,043)
  (20,328) (146,043) — (166,371)
Total Other Investments (8,533) (146,043) — (154,576)
Total Investments $5,174,563 $13,172,058 $195,955 $18,542,576
    
* Futures contracts and swap agreements are valued at unrealized appreciation (depreciation). Options written are shown at value.
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 three months ended January 31, 2022:
  Value
10/31/21 		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
01/31/22
Event-Linked Bonds $101,488 $— $— $— $— $(3,320) $— $— $98,168
Preferred Stocks 106,327 — (13,398) — 7,085 (3,381) — — 96,633
Common Stocks & Other Equity Interests 1,157 — — — — (3) — — 1,154
Total $208,972 $— $(13,398) $— $7,085 $(6,704) $— $— $195,955
Invesco Advantage International Fund