NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–98.73%
Belgium–0.83%
Biocartis Group N.V.(a)(b)(c) 9,090,626     $7,021,883
Materialise N.V., ADR(a)(c) 2,900,000    30,566,000
      37,587,883
Denmark–3.59%
Atlantic Sapphire ASA(c) 5,113,407     5,250,737
Bavarian Nordic A/S(c) 2,880,000    92,294,034
Genmab A/S(c) 100,000    39,117,053
Novozymes A/S, Class B 500,000    26,028,386
      162,690,210
Finland–0.76%
Rovio Entertainment OYJ(a)(b) 4,279,659    34,299,329
France–1.05%
Mersen S.A. 1,000,000    44,348,970
Technicolor Creative Studios S.A.(c) 6,211,372     1,540,459
Vantiva S.A.(c) 6,491,515     1,885,380
      47,774,809
Germany–8.12%
AIXTRON SE 4,000,000   118,543,910
Aumann AG(a)(b) 837,105    12,514,488
Basler AG(a) 1,800,000    66,633,999
Carl Zeiss Meditec AG, BR 200,000    28,692,221
Manz AG(a) 500,000    13,068,451
MorphoSys AG(c) 400,000     7,994,142
PVA TePla AG(a)(c) 2,887,082    68,508,722
Rational AG 80,000    52,418,784
      368,374,717
Ireland–0.84%
Ads-Tec Energy PLC 2,319,856     6,959,568
Flutter Entertainment PLC(c) 200,000    31,094,944
      38,054,512
Isle of Man–0.26%
Kape Technologies PLC(c) 3,804,335    11,710,024
Italy–2.98%
Amplifon S.p.A. 380,782    10,506,960
Brunello Cucinelli S.p.A. 1,500,000   124,652,307
      135,159,267
Japan–14.18%
Comture Corp.(a) 3,000,000    57,645,165
CyberAgent, Inc. 5,200,000    48,726,644
Disco Corp. 200,000    60,053,279
Jeol Ltd. 2,500,000    73,244,034
M3, Inc. 3,000,000    82,072,691
Nidec Corp. 600,000    33,199,945
Nikon Corp. 2,000,000    19,792,337
Optex Group Co. Ltd.(a) 2,000,000    32,760,702
PeptiDream, Inc.(c) 3,000,000    46,707,948
Rheon Automatic Machinery Co. Ltd. 1,000,000     8,374,328
SHIFT, Inc.(c) 550,000   101,977,978
  Shares Value
Japan–(continued)
Yaskawa Electric Corp. 2,000,000    $78,243,637
      642,798,688
Norway–3.39%
Mowi ASA 4,000,000    73,954,777
Nordic Semiconductor ASA(c) 4,999,999    79,646,992
      153,601,769
Sweden–7.05%
AddTech AB, Class B 3,000,000    47,824,884
Beijer Ref AB 4,000,000    61,733,657
Boozt AB(a)(b)(c) 3,750,000    48,973,727
Indutrade AB 4,000,000    88,873,857
Midsona AB, Class B 2,000,000     1,749,027
RaySearch Laboratories AB(a)(c) 4,000,000    29,674,362
Surgical Science Sweden AB(c) 1,000,000    14,108,834
Tobii AB(c) 3,000,000     5,993,038
Xvivo Perfusion AB(c) 1,000,000    20,557,036
      319,488,422
Switzerland–0.09%
GeNeuro S.A.(a) 2,457,241     4,068,025
United Kingdom–14.62%
ASOS PLC(c) 700,000     7,579,294
Aston Martin Lagonda Global Holdings PLC(a)(b)(c) 70,000,000   143,184,623
boohoo Group PLC(c) 30,000,000    16,393,521
Darktrace PLC(c) 7,170,000    18,683,586
FD Technologies PLC(c) 1,200,000    20,307,163
Fevertree Drinks PLC 2,000,000    26,861,557
Frontier Developments PLC(a)(c) 3,000,000    17,922,205
Future PLC 1,000,000    18,675,805
Gooch & Housego PLC(a) 2,000,000    14,189,075
IG Group Holdings PLC 3,000,000    29,509,572
IP Group PLC 20,785,545    15,683,697
IQE PLC(a)(c) 140,000,000    81,999,164
M&C Saatchi PLC(a)(c) 6,044,563    12,303,812
Ocado Group PLC(c) 1,000,000     7,990,529
Oxford Nanopore Technologies PLC(c) 27,000,000    79,284,325
Spirax-Sarco Engineering PLC 200,000    28,555,538
WANdisco PLC(a)(c) 5,000,000    77,700,273
Xaar PLC(a)(c) 6,000,000    12,641,787
Zoo Digital Group PLC(a)(c) 7,000,000    15,148,396
Zotefoams PLC(a) 4,000,000    18,315,464
      662,929,386
United States–40.97%
3D Systems Corp.(c) 5,000,000    54,300,000
Advanced Micro Devices, Inc.(c) 4,000,000   300,600,000
Align Technology, Inc.(c) 100,000    26,973,000
Applied Materials, Inc. 600,000    66,894,000
Arrowhead Pharmaceuticals, Inc.(c) 2,000,000    69,980,000
Cognex Corp. 1,200,000    65,688,000
Coherent Corp.(c) 1,000,000    43,400,000
Exact Sciences Corp.(c) 1,800,000   121,536,000
 
See accompanying notes which are an integral part of this schedule.
Invesco Global Opportunities Fund
  Shares Value
United States–(continued)
Globant S.A.(c) 200,000    $32,436,000
Halozyme Therapeutics, Inc.(c) 1,000,000    51,770,000
Impinj, Inc.(c) 400,000    51,912,000
IPG Photonics Corp.(c) 600,000    67,260,000
Ivanhoe Electric, Inc.(c) 1,000,000    13,250,000
Littelfuse, Inc. 200,000    51,338,000
Manhattan Associates, Inc.(c) 600,000    78,216,000
Nektar Therapeutics(a)(c) 35,770,000    97,294,400
Nevro Corp.(c) 1,000,000    36,720,000
ON Semiconductor Corp.(c) 1,000,000    73,450,000
PDF Solutions, Inc.(a)(c) 3,000,000    95,340,000
PTC, Inc.(c) 1,200,000   161,856,000
QUALCOMM, Inc. 500,000    66,605,000
Shake Shack, Inc., Class A(c) 1,000,000    56,880,000
Veeco Instruments, Inc.(a)(c) 3,000,000    59,580,000
Vicor Corp.(c) 500,000    34,715,000
Wolfspeed, Inc.(c) 1,000,000    77,010,000
  Shares Value
United States–(continued)
Xeris Biopharma Holdings, Inc.(c) 2,000,000     $2,480,000
      1,857,483,400
Total Common Stocks & Other Equity Interests (Cost $4,426,909,382) 4,476,020,441
Money Market Funds–1.04%
Invesco Government & Agency Portfolio, Institutional Class, 4.30%(a)(d) 16,548,772    16,548,772
Invesco Liquid Assets Portfolio, Institutional Class, 4.48%(a)(d) 11,816,601    11,820,146
Invesco Treasury Portfolio, Institutional Class, 4.30%(a)(d) 18,912,883    18,912,883
Total Money Market Funds (Cost $47,281,801) 47,281,801
TOTAL INVESTMENTS IN SECURITIES—99.77% (Cost $4,474,191,183) 4,523,302,242
OTHER ASSETS LESS LIABILITIES–0.23% 10,400,081
NET ASSETS–100.00% $4,533,702,323
Investment Abbreviations:
ADR – American Depositary Receipt
BR – Bearer Shares
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 is an "affiliated person" under the Investment Company Act of 1940, as amended (the “1940 Act”), which defines “affiliated person” to include an issuer of which a fund holds 5% or more of the outstanding voting securities. For the Investments in Other Affiliates below, 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, 2023.
    
  Value
October 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
January 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $81,100,213 $67,911,746 $(132,463,187) $- $- $16,548,772 $368,120
Invesco Liquid Assets Portfolio, Institutional Class 51,103,361 48,508,390 (87,793,173) (11,572) 13,140 11,820,146 248,857
Invesco Treasury Portfolio, Institutional Class 92,685,957 77,613,424 (151,386,498) - - 18,912,883 421,891
See accompanying notes which are an integral part of this schedule.
Invesco Global Opportunities Fund
  Value
October 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
January 31, 2023 		Dividend Income
Investments in Other Affiliates:              
Aumann AG $11,861,710 $- $(1,981,586) $11,087,285 $(8,452,921) $12,514,488 $-
Basler AG 48,931,519 - - 17,702,480 - 66,633,999 -
Biocartis Group N.V. 7,106,383 7,330,294 (131,614) (126,447) (7,156,733) 7,021,883 -
Boozt AB 27,374,742 - - 21,598,985 - 48,973,727 -
Comture Corp. 48,775,634 - - 8,869,531 - 57,645,165 223,317
Frontier Developments PLC 45,619,685 - - (27,697,480) - 17,922,205 -
GeNeuro S.A. 4,128,332 - - (60,307) - 4,068,025 -
Gooch & Housego PLC 11,009,275 - - 3,179,800 - 14,189,075 195,454
IQE PLC 67,203,506 - - 14,795,658 - 81,999,164 -
Manz AG 13,121,717 - - (53,266) - 13,068,451 -
Materialise N.V., ADR 30,711,000 - - (145,000) - 30,566,000 -
Nektar Therapeutics 134,495,200 - - (37,200,800) - 97,294,400 -
Optex Group Co. Ltd. 27,540,836 - - 5,219,866 - 32,760,702 243,563
PDF Solutions, Inc. 70,740,000 - - 24,600,000 - 95,340,000 -
PVA TePla AG 48,529,344 - - 19,979,378 - 68,508,722 -
RaySearch Laboratories AB 20,788,083 - - 8,886,279 - 29,674,362 -
Rovio Entertainment OYJ 26,803,800 - (3,494,108) 13,237,287 (2,247,650) 34,299,329 -
Veeco Instruments, Inc. 54,690,000 - - 4,890,000 - 59,580,000 -
WANdisco PLC 25,109,582 - - 52,590,691 - 77,700,273 -
Xaar PLC 11,672,694 - - 969,093 - 12,641,787 -
Zoo Digital Group PLC 13,245,534 - - 1,902,862 - 15,148,396 -
Zotefoams PLC 13,509,174 - - 4,806,290 - 18,315,464 -
Total $987,857,281 $201,363,854 $(377,250,166) $149,020,613 $(17,844,164) $943,147,418 $1,701,202
    
(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 January 31, 2023 was $245,994,050, which represented 5.43% of the Fund’s Net Assets.
(c) Non-income producing security.
(d) 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 Opportunities 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        
Belgium $30,566,000 $7,021,883 $— $37,587,883
Denmark — 162,690,210 — 162,690,210
Finland — 34,299,329 — 34,299,329
France — 47,774,809 — 47,774,809
Germany — 368,374,717 — 368,374,717
Ireland 6,959,568 31,094,944 — 38,054,512
Isle of Man — 11,710,024 — 11,710,024
Italy — 135,159,267 — 135,159,267
Japan — 642,798,688 — 642,798,688
Norway — 153,601,769 — 153,601,769
Sweden — 319,488,422 — 319,488,422
Switzerland — 4,068,025 — 4,068,025
United Kingdom — 662,929,386 — 662,929,386
United States 1,857,483,400 — — 1,857,483,400
Money Market Funds 47,281,801 — — 47,281,801
Total Investments $1,942,290,769 $2,581,011,473 $— $4,523,302,242
Invesco Global Opportunities Fund