0001752724-23-075915.txt : 20230331 0001752724-23-075915.hdr.sgml : 20230331 20230331130619 ACCESSION NUMBER: 0001752724-23-075915 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230331 DATE AS OF CHANGE: 20230331 PERIOD START: 20231031 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: 23786076 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 S000064622 Invesco Global Focus Fund C000209193 Class R6 C000209194 Class R5 C000209195 Class A C000209196 Class Y C000209197 Class C C000209198 Class R NPORT-P 1 primary_doc.xml NPORT-P false 0000880859 XXXXXXXX S000064622 C000209197 C000209196 C000209193 C000209194 C000209198 C000209195 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 Focus Fund S000064622 5493002J2WRNSW2PO535 2023-10-31 2023-01-31 N 502440705.04 1723884.09 500716820.95 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 100705.18000000 N Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 Invesco Treasury Portfolio, Institutional Class 825252406 1460347.89000000 NS USD 1460347.89000000 0.291651454254 Long STIV RF US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 Alphabet Inc., Class A 02079K305 269275.00000000 NS USD 26615141.00000000 5.315407808649 Long EC CORP US N 1 N N N CrowdStrike Holdings, Inc. 549300YBY08K9KM4HX32 CrowdStrike Holdings, Inc., Class A 22788C105 59617.00000000 NS USD 6313440.30000000 1.260880409014 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 267397.00000000 NS USD 27576652.61000000 5.507434832662 Long EC CORP US N 1 N N N Stryker Corp. 5493002F0SC4JTBU5137 Stryker Corp. 863667101 58593.00000000 NS USD 14871489.33000000 2.970039892365 Long EC CORP US N 1 N N N Meituan 21380033K525E5JLIA77 Meituan, B Shares N/A 190620.00000000 NS 4246765.51000000 0.848137177006 Long EC CORP KY N 2 N N N Amadeus IT Group, S.A. 9598004A3FTY3TEHHN09 Amadeus IT Group, S.A. N/A 258696.00000000 NS 16273782.17000000 3.250096958820 Long EC CORP ES N 2 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S, Class B N/A 141495.00000000 NS 19594739.26000000 3.913337527351 Long EC CORP DK N 2 N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 Invesco Government & Agency Portfolio, Institutional Class 825252885 1277804.38000000 NS USD 1277804.38000000 0.255195017729 Long STIV RF US N 1 N N N Uber Technologies Inc. 549300B2FTG34FILDR98 Uber Technologies Inc. 90353T100 449213.00000000 NS USD 13894158.09000000 2.774853471796 Long EC CORP US N 1 N N N Mastercard Inc. AR5L2ODV9HN37376R084 Mastercard Inc., Class A 57636Q104 62144.00000000 NS USD 23030566.40000000 4.599519216531 Long EC CORP US N 1 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG N/A 57089.00000000 NS 2042077.09000000 0.407830734770 Long EC CORP DE N 2 N N N Twist Bioscience Corp. 549300T23BL59LCOH584 Twist Bioscience Corp. 90184D100 5.00000000 NS USD 143.45000000 0.000028648927 Long EC CORP US N 1 N N N Illumina, Inc. SQ95QG8SR5Q56LSNF682 Illumina, Inc. 452327109 63223.00000000 NS USD 13542366.60000000 2.704595897998 Long EC CORP US N 1 N N N Nice Ltd. 254900YTY4EF5Z4W0A51 Nice Ltd., ADR 653656108 62179.00000000 NS USD 12897789.97000000 2.575865125826 Long EC CORP IL N 1 N N N Airbnb, Inc. 549300HMUDNO0RY56D37 Airbnb, Inc., Class A 009066101 72780.00000000 NS USD 8086585.80000000 1.615001825714 Long EC CORP US N 1 N N N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 S&P Global Inc. 78409V104 23364.00000000 NS USD 8760098.16000000 1.749511459067 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG N/A 21836.00000000 NS 12465625.54000000 2.489555976240 Long EC CORP CH N 2 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 259445.00000000 NS USD 38649521.65000000 7.718838280022 Long EC CORP US N 1 N N N Tecan Group AG 529900CSN9R3BLETSL26 Tecan Group AG H84774167 25254.00000000 NS 10612046.93000000 2.119370966980 Long EC CORP CH N 2 N N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 Tencent Holdings Ltd. N/A 537200.00000000 NS 26183376.08000000 5.229178446676 Long EC CORP KY N 2 N N N JD.com, Inc. 549300HVTWB0GJZ16V92 JD.com, Inc., Class A N/A 134892.00000000 NS 4012977.64000000 0.801446540658 Long EC CORP KY N 2 N N N Biotage AB 529900SR87NBUKX74L58 Biotage AB W25769139 182020.00000000 NS 2805957.44000000 0.560388092150 Long EC CORP SE N 2 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd., ADR 01609W102 190357.00000000 NS USD 20977341.40000000 4.189462091607 Long EC CORP KY N 1 N N N Twilio Inc. 5493004W8TRGD63APX93 Twilio Inc., Class A 90138F102 66031.00000000 NS USD 3951295.04000000 0.789127681491 Long EC CORP US N 1 N N N Cellnex Telecom, S.A. 5493008T4YG3AQUI7P67 Cellnex Telecom, S.A. BC9140528 7507.00000000 NS 294587.12000000 0.058833078433 Long EC CORP ES N 2 N N N Edwards Lifesciences Corp. YA13X31F3V31L8TMPR58 Edwards Lifesciences Corp. 28176E108 138478.00000000 NS USD 10621262.60000000 2.121211462368 Long EC CORP US N 1 N N N IDEXX Laboratories, Inc. OGMTXK0LUU1HKV2P0J84 IDEXX Laboratories, Inc. 45168D104 31545.00000000 NS USD 15157372.50000000 3.027134672895 Long EC CORP US N 1 N N N ServiceNow, Inc. 549300HJTQM36M0E1G39 ServiceNow, Inc. 81762P102 33230.00000000 NS USD 15123969.90000000 3.020463716658 Long EC CORP US N 1 N N N Hermes International 969500Y4IJGHJE2MTJ13 Hermes International N/A 17825.00000000 NS 33405798.33000000 6.671594987885 Long EC CORP FR N 2 N N N BeiGene, Ltd. 549300JFUK6FRD5MH739 BeiGene, Ltd., ADR 07725L102 41630.00000000 NS USD 10657280.00000000 2.128404629942 Long EC CORP KY N 1 N N N Adyen N.V. 724500973ODKK3IFQ447 Adyen N.V. N/A 11160.00000000 NS 16871127.15000000 3.369394924258 Long EC CORP NL N 2 N N N Invesco Liquid Assets Portfolio 549300DC1W0JSX3QRC47 Invesco Liquid Assets Portfolio 825252729 912432.11200000 NS USD 912705.84000000 0.182279843978 Long STIV RF US N 1 N N N ASML Holding N.V. 724500Y6DUVHQD6OXN27 ASML Holding N.V. N07059202 19650.00000000 NS 13013476.79000000 2.598969366619 Long EC CORP NL N 2 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc. 883556102 38227.00000000 NS USD 21802004.91000000 4.354158677680 Long EC CORP US N 1 N N N Visa Inc. 549300JZ4OKEHW3DPJ59 Visa Inc., Class A 92826C839 46538.00000000 NS USD 10713512.98000000 2.139635125433 Long EC CORP US N 1 N N N Wuxi Biologics (Cayman) Inc. 5493001TD2TH6VDTJU11 Wuxi Biologics (Cayman) Inc. N/A 1509000.00000000 NS 12561563.66000000 2.508716131438 Long EC CORP KY N 2 N N N Salesforce, Inc. RCGZFPDMRW58VJ54VR07 Salesforce, Inc. 79466L302 114384.00000000 NS USD 19213080.48000000 3.837115047093 Long EC CORP US N 1 N N N 2023-03-02 AIM International Mutual Funds (Invesco International Mutual Funds) Sheri Morris Sheri Morris President XXXX NPORT-EX 2 edgar.htm
Schedule of Investments(a)
January 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.24%
Apparel, Accessories & Luxury Goods–6.67%
Hermes International (France) 17,825  $33,405,798
Application Software–6.41%
Nice Ltd., ADR (Israel) 62,179  12,897,790
salesforce.com, inc.(b) 114,384  19,213,081
      32,110,871
Biotechnology–2.13%
BeiGene Ltd., ADR (China)(b) 41,630  10,657,280
Twist Bioscience Corp.(b) 5         144
      10,657,424
Data Processing & Outsourced Services–13.36%
Adyen N.V. (Netherlands)(b)(c) 11,160  16,871,127
Amadeus IT Group S.A. (Spain)(b) 258,696  16,273,782
Mastercard, Inc., Class A 62,144  23,030,567
Visa, Inc., Class A 46,538  10,713,513
      66,888,989
Financial Exchanges & Data–1.75%
S&P Global, Inc. 23,364   8,760,098
Health Care Equipment–8.12%
Edwards Lifesciences Corp.(b) 138,478  10,621,263
IDEXX Laboratories, Inc.(b) 31,545  15,157,372
Stryker Corp. 58,593  14,871,489
      40,650,124
Hotels, Resorts & Cruise Lines–1.61%
Airbnb, Inc., Class A(b) 72,780   8,086,586
Integrated Telecommunication Services–0.06%
Cellnex Telecom S.A. (Spain)(c) 7,507     294,587
Interactive Media & Services–18.27%
Alphabet, Inc., Class A(b) 269,275  26,615,141
Meta Platforms, Inc., Class A(b) 259,445  38,649,522
Tencent Holdings Ltd. (China) 537,200  26,183,376
      91,448,039
Internet & Direct Marketing Retail–11.35%
Alibaba Group Holding Ltd., ADR (China)(b) 190,357  20,977,341
Amazon.com, Inc.(b) 267,397  27,576,653
JD.com, Inc., A Shares (China) 134,892   4,012,978
  Shares Value
Internet & Direct Marketing Retail–(continued)
Meituan, B Shares (China)(b)(c) 190,620   $4,246,765
      56,813,737
Internet Services & Infrastructure–0.79%
Twilio, Inc., Class A(b) 66,031   3,951,295
Life Sciences Tools & Services–14.74%
Biotage AB (Sweden) 182,020   2,805,957
Illumina, Inc.(b) 63,223  13,542,367
Lonza Group AG (Switzerland) 21,836  12,465,625
Tecan Group AG, Class R (Switzerland)(b) 25,254  10,612,047
Thermo Fisher Scientific, Inc. 38,227  21,802,005
Wuxi Biologics Cayman, Inc. (China)(b)(c) 1,509,000  12,561,564
      73,789,565
Pharmaceuticals–3.91%
Novo Nordisk A/S, Class B (Denmark) 141,495  19,594,739
Semiconductor Equipment–2.60%
ASML Holding N.V. (Netherlands) 19,650  13,013,477
Semiconductors–0.41%
Infineon Technologies AG (Germany) 57,089   2,042,077
Systems Software–4.28%
Crowdstrike Holdings, Inc., Class A(b) 59,617   6,313,440
ServiceNow, Inc.(b) 33,230  15,123,970
      21,437,410
Trucking–2.78%
Uber Technologies, Inc.(b) 449,213  13,894,158
Total Common Stocks & Other Equity Interests (Cost $375,519,635) 496,838,974
Money Market Funds–0.73%
Invesco Government & Agency Portfolio, Institutional Class, 4.30%(d)(e) 1,277,804   1,277,804
Invesco Liquid Assets Portfolio, Institutional Class, 4.48%(d)(e) 912,432     912,706
Invesco Treasury Portfolio, Institutional Class, 4.30%(d)(e) 1,460,348   1,460,348
Total Money Market Funds (Cost $3,650,858) 3,650,858
TOTAL INVESTMENTS IN SECURITIES–99.97% (Cost $379,170,493) 500,489,832
OTHER ASSETS LESS LIABILITIES—0.03% 145,655
NET ASSETS–100.00% $500,635,487
 
Investment Abbreviations:
ADR – American Depositary Receipt
See accompanying notes which are an integral part of this schedule.
Invesco Global Focus Fund
Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Non-income producing security.
(c) 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, 2023 was $33,974,043, which represented 6.79% of the Fund’s Net Assets.
(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, 2023.
    
  Value
October 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain 		Value
January 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $- $9,135,243 $(7,857,439) $- $- $1,277,804 $12,660
Invesco Liquid Assets Portfolio, Institutional Class - 6,525,174 (5,612,651) - 183 912,706 9,466
Invesco Treasury Portfolio, Institutional Class - 10,440,277 (8,979,929) - - 1,460,348 14,521
Total $- $26,100,694 $(22,450,019) $- $183 $3,650,858 $36,647
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2023.
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 Focus Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2023
(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. 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 Invesco Advisers, Inc.’s 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, 2023. 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        
Common Stocks & Other Equity Interests $322,455,075 $174,383,899 $— $496,838,974
Money Market Funds 3,650,858 — — 3,650,858
Total Investments $326,105,933 $174,383,899 $— $500,489,832
Invesco Global Focus Fund