NPORT-EX 2 edgar.htm
Schedule of Investments
July 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–68.27%
Australia–2.77%
AngloGold Ashanti Ltd.     1,613     $35,794
ANZ Group Holdings Ltd.       297      5,143
BHP Group Ltd.    13,307    414,894
Coles Group Ltd.       637      7,790
Commonwealth Bank of Australia       191     13,586
Fortescue Metals Group Ltd.     1,157     16,882
Glencore PLC(a)    11,885     72,166
Goodman Group     1,040     14,394
Newcrest Mining Ltd.     3,566     64,096
Rio Tinto Ltd.     1,167     91,891
Rio Tinto PLC     1,316     86,919
Telstra Group Ltd.    14,114     40,420
Wesfarmers Ltd.       579     19,379
Woolworths Group Ltd.       573     14,877
      898,231
Austria–0.04%
OMV AG       255     11,509
Belgium–0.56%
Anheuser-Busch InBev S.A./N.V.     2,653    152,002
KBC Group N.V.       297     22,335
UCB S.A.        64      5,668
      180,005
Brazil–2.35%
B3 S.A. - Brasil, Bolsa, Balcao    15,900     50,100
Banco Bradesco S.A., Preference Shares     6,300     22,196
Banco do Brasil S.A.     3,700     37,706
Banco Santander Brasil S.A., Series CPO     1,000      6,040
BB Seguridade Participacoes S.A.       900      5,923
CCR S.A.     2,100      5,902
Cosan S.A.     1,300      5,482
CPFL Energia S.A.       800      6,053
Gerdau S.A., Preference Shares     3,415     21,124
Itausa S.A., Preference Shares     9,010     18,711
Petroleo Brasileiro S.A., Preference Shares    50,900    334,866
Raia Drogasil S.A.     1,100      6,739
Rumo S.A.     1,200      5,897
Suzano S.A.     1,500     15,248
Telefonica Brasil S.A.     1,100      9,796
Vale S.A.    12,300    179,893
WEG S.A.     3,700     31,235
      762,911
Chile–0.14%
Banco de Chile   106,650     11,873
Cencosud S.A.     7,407     15,919
Cia Sud Americana de Vapores S.A.   132,968     10,064
Enel Americas S.A.    53,739      7,264
      45,120
  Shares Value
China–8.37%
Agricultural Bank of China Ltd., H Shares    82,000     $29,780
Alibaba Group Holding Ltd.(a)    25,600    326,076
Aluminum Corp. of China Ltd., H Shares    18,000      8,898
ANTA Sports Products Ltd.     2,400     28,271
Baidu, Inc., A Shares(a)     3,950     77,174
Bank of China Ltd., H Shares   220,000     81,643
Bank of Communications Co. Ltd., H Shares    47,000     28,323
BeiGene Ltd., ADR(a)       297     63,623
Beijing Enterprises Holdings Ltd.     2,500      9,921
BOC Hong Kong Holdings Ltd.     3,500     10,694
BYD Co. Ltd., H Shares     1,500     53,201
BYD Electronic International Co. Ltd.     1,500      5,763
China CITIC Bank Corp. Ltd., H Shares    37,000     17,860
China Construction Bank Corp., H Shares   272,000    158,226
China Everbright Bank Co. Ltd., H Shares    24,000      7,143
China Feihe Ltd.(b)    13,000      7,925
China Galaxy Securities Co. Ltd., H Shares     9,000      5,249
China Gas Holdings Ltd.     4,600      5,130
China Hongqiao Group Ltd.    17,500     16,804
China Life Insurance Co. Ltd., H Shares    19,000     33,217
China Literature Ltd.(a)(b)     1,200      5,435
China Longyuan Power Group Corp. Ltd., H Shares     8,000      7,715
China Mengniu Dairy Co. Ltd.(a)     3,000     11,389
China Merchants Bank Co. Ltd., H Shares     8,000     39,547
China Minsheng Banking Corp. Ltd., H Shares    27,500     10,488
China Overseas Land & Investment Ltd.     6,500     15,345
China Pacific Insurance (Group) Co. Ltd., H Shares     5,400     14,470
China Petroleum & Chemical Corp., H Shares    62,000     34,625
China Railway Group Ltd., H Shares     8,000      5,242
China Resources Beer Holdings Co. Ltd.     2,000     12,825
China Resources Land Ltd.     6,000     27,867
China Resources Mixc Lifestyle Services Ltd.(b)     1,800      8,680
China Taiping Insurance Holdings Co. Ltd.     6,800      7,558
China Tower Corp. Ltd., H Shares(b)   168,000     18,969
China Vanke Co. Ltd., H Shares     5,000      7,061
CITIC Ltd.    20,000     22,522
CMOC Group Ltd., H Shares    15,000     10,040
COSCO SHIPPING Holdings Co. Ltd., H Shares    10,000     10,565
Country Garden Services Holdings Co. Ltd.     5,000      5,659
CSPC Pharmaceutical Group Ltd.    32,640     27,370
ENN Energy Holdings Ltd.     1,400     16,872
Geely Automobile Holdings Ltd.    10,000     14,478
Great Wall Motor Co. Ltd., H Shares     5,500      7,468
H World Group Ltd., ADR(a)       679     32,619
Haidilao International Holding Ltd.(b)     3,000      8,428
Haier Smart Home Co. Ltd., H Shares     4,200     13,831
Hengan International Group Co. Ltd.     1,000      4,114
Industrial & Commercial Bank of China Ltd., H Shares   193,000     94,183
Innovent Biologics, Inc.(a)(b)     1,500      6,728
JD Health International, Inc.(a)(b)     1,350      9,774
JD.com, Inc., A Shares     5,366    110,384
 
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
China–(continued)
Jiangxi Copper Co. Ltd., H Shares     5,000      $8,378
Kingsoft Corp. Ltd.     4,600     19,714
Kunlun Energy Co. Ltd.    14,000     11,419
Lenovo Group Ltd.    28,000     32,132
Li Auto, Inc., A Shares(a)       900     19,219
Longfor Group Holdings Ltd.(b)     3,500      9,356
Lufax Holding Ltd., ADR     9,381     16,698
NetEase, Inc.     2,000     43,487
New China Life Insurance Co. Ltd., H Shares     2,900      8,380
New Oriental Education & Technology Group, Inc.(a)     4,600     26,248
Nongfu Spring Co. Ltd., H Shares(b)     2,200     12,796
NXP Semiconductors N.V.       170     37,907
PDD Holdings, Inc., ADR(a)     2,271    203,981
People’s Insurance Co. (Group) of China Ltd. (The), H Shares    26,000      9,986
PetroChina Co. Ltd., H Shares    86,000     62,833
PICC Property & Casualty Co. Ltd., H Shares    18,000     21,041
Ping An Insurance (Group) Co. of China Ltd., H Shares    21,000    152,786
Postal Savings Bank of China Co. Ltd., H Shares(b)    23,000     14,125
Prosus N.V.       615     48,704
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares     6,400      8,247
Shenzhou International Group Holdings Ltd.     1,300     13,712
Sino Biopharmaceutical Ltd.    54,000     24,464
Sinotruk Hong Kong Ltd.     2,500      5,236
SITC International Holdings Co. Ltd.     3,000      6,547
Sunny Optical Technology Group Co. Ltd.       700      6,868
Tencent Holdings Ltd.     3,200    146,873
Trip.com Group Ltd.(a)       650     26,497
Vipshop Holdings Ltd., ADR(a)     1,295     24,385
Want Want China Holdings Ltd.     7,000      4,874
Yankuang Energy Group Co. Ltd., H Shares     7,000     10,520
Yum China Holdings, Inc.       467     28,496
Zijin Mining Group Co. Ltd., H Shares    12,000     20,650
ZTE Corp., H Shares     4,600     16,749
ZTO Express (Cayman), Inc., ADR       488     13,566
      2,714,046
Colombia–0.10%
Bancolombia S.A., Preference Shares     4,393     33,544
Czech Republic–0.05%
CEZ A.S.       127      5,622
Komercni banka A.S.       276      9,051
      14,673
Denmark–2.21%
AP Moller - Maersk A/S, Class B        64    131,357
Carlsberg A/S, Class B       191     28,656
Coloplast A/S, Class B       149     18,516
Danske Bank A/S     1,061     25,175
DSV A/S       170     33,897
Novo Nordisk A/S, Class B     2,971    479,197
      716,798
Finland–0.31%
Kone OYJ, Class B       255     13,056
  Shares Value
Finland–(continued)
Nokia OYJ     5,391     $21,293
Nordea Bank Abp     4,903     55,447
Sampo OYJ, Class A       255     11,241
      101,037
France–5.19%
Air Liquide S.A.       318     57,048
Airbus SE       382     56,278
AXA S.A.     1,082     33,261
BNP Paribas S.A.     1,486     98,018
Capgemini SE       106     19,243
Carrefour S.A.     1,592     31,821
Cie de Saint-Gobain       976     65,859
Cie Generale des Etablissements Michelin S.C.A.       255      8,336
Credit Agricole S.A.     1,890     23,445
Danone S.A.       340     20,768
ENGIE S.A.     4,606     75,530
EssilorLuxottica S.A.       127     25,539
Hermes International        42     92,936
Kering S.A.       127     72,999
Legrand S.A.       276     27,621
L’Oreal S.A.       403    187,289
LVMH Moet Hennessy Louis Vuitton SE       318    296,877
Orange S.A.     3,035     34,317
Pernod Ricard S.A.       106     23,348
Safran S.A.       573     95,205
Schneider Electric SE       318     56,718
Societe Generale S.A.     1,337     36,313
Thales S.A.        85     12,707
TotalEnergies SE     2,016    122,461
Veolia Environnement S.A.       488     15,895
Vinci S.A.       785     92,256
      1,682,088
Germany–5.20%
Allianz SE       233     55,682
BASF SE     1,337     71,736
Bayer AG     1,762    102,933
Bayerische Motoren Werke AG       998    121,654
Beiersdorf AG        64      8,291
Continental AG       149     11,895
Daimler Truck Holding AG       212      7,959
Deutsche Bank AG     9,232    102,319
Deutsche Telekom AG     4,669    101,854
DHL Group     1,549     79,570
Dr. Ing. h.c. F. Porsche AG, Preference Shares(b)       149     18,214
E.ON SE     4,054     51,349
Fresenius Medical Care AG & Co. KGaA       424     21,970
Fresenius SE & Co. KGaA     1,846     57,896
Hannover Rueck SE        64     13,660
Henkel AG & Co. KGaA, Preference Shares       149     11,494
Infineon Technologies AG     1,592     70,008
Mercedes-Benz Group AG     1,380    110,240
Merck KGaA       149     26,178
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R       127     47,839
RWE AG       509     21,895
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Germany–(continued)
SAP SE     1,549    $211,858
Siemens AG     1,252    213,334
Siemens Energy AG(a)       579      9,795
Siemens Healthineers AG(b)       106      6,159
Volkswagen AG, Preference Shares       976    129,352
      1,685,134
Hong Kong–0.81%
CK Asset Holdings Ltd.     2,000     11,555
CK Hutchison Holdings Ltd.    13,500     83,369
CK Infrastructure Holdings Ltd.     2,500     13,227
Hong Kong & China Gas Co. Ltd. (The)    13,292     11,377
Jardine Matheson Holdings Ltd.       800     39,517
Link REIT     1,600      8,969
Prudential PLC     3,290     45,713
Sun Hung Kai Properties Ltd.     3,000     37,584
Wharf Real Estate Investment Co. Ltd.     2,000     10,716
      262,027
Hungary–0.17%
OTP Bank Nyrt     1,507     54,824
Indonesia–0.57%
PT Adaro Energy Indonesia Tbk    77,500     12,427
PT Astra International Tbk    51,600     23,437
PT Bank Central Asia Tbk    91,400     55,302
PT Bank Mandiri (Persero) Tbk    54,300     20,631
PT Bank Negara Indonesia (Persero) Tbk    13,500      7,945
PT Bank Rakyat Indonesia (Persero) Tbk    76,900     28,810
PT Kalbe Farma Tbk    39,300      4,996
PT Telkom Indonesia (Persero) Tbk    89,000     21,934
PT United Tractors Tbk     5,100      9,307
      184,789
Ireland–0.53%
CRH PLC       976     58,502
Flutter Entertainment PLC(a)       488     97,218
Ryanair Holdings PLC, ADR(a)       149     15,277
      170,997
Italy–1.86%
Assicurazioni Generali S.p.A.     1,974     42,075
Enel S.p.A.    10,506     72,517
Eni S.p.A.     1,931     29,470
Ferrari N.V.       170     54,484
Intesa Sanpaolo S.p.A.    38,819    112,270
UniCredit S.p.A.    11,588    293,233
      604,049
Japan–9.46%
Asahi Group Holdings Ltd.       400     15,745
Astellas Pharma, Inc.     4,600     67,143
Bridgestone Corp.       900     37,330
Canon, Inc.       700     18,081
Central Japan Railway Co.       100     12,754
Chugai Pharmaceutical Co. Ltd.       800     23,822
Dai-ichi Life Holdings, Inc.       700     14,309
Daiichi Sankyo Co. Ltd.     1,100     34,024
Daiwa House Industry Co. Ltd.       600     16,283
Denso Corp.       300     20,874
  Shares Value
Japan–(continued)
Eisai Co. Ltd.       300     $18,754
Fast Retailing Co. Ltd.       200     50,110
Fujitsu Ltd.       200     25,896
Hitachi Ltd.     1,200     78,540
Honda Motor Co. Ltd.     4,200    134,066
Hoya Corp.       600     69,586
ITOCHU Corp.     2,500    101,241
Japan Post Bank Co. Ltd.     2,100     17,471
Japan Post Holdings Co. Ltd.     3,900     28,486
Japan Tobacco, Inc.     2,800     62,063
Kao Corp.       300     11,419
KDDI Corp.     1,000     29,455
Keyence Corp.       300    134,676
Kirin Holdings Co. Ltd.       600      8,872
Komatsu Ltd.     1,200     33,561
Mitsubishi Corp.     3,300    168,853
Mitsubishi Electric Corp.     3,100     43,456
Mitsubishi Estate Co. Ltd.     1,400     17,154
Mitsubishi UFJ Financial Group, Inc.    27,500    221,859
Mitsui & Co. Ltd.     4,900    191,935
Mitsui Fudosan Co. Ltd.       900     18,489
Mizuho Financial Group, Inc.     6,070    102,587
MS&AD Insurance Group Holdings, Inc.       300     11,162
Nexon Co. Ltd.       500      9,541
Nippon Paint Holdings Co. Ltd.       600      5,502
Nippon Telegraph & Telephone Corp.    66,200     75,864
Nissan Motor Co. Ltd.     7,900     34,683
Oriental Land Co. Ltd.     1,200     46,030
ORIX Corp.     1,600     30,764
Otsuka Holdings Co. Ltd.       400     14,676
Panasonic Holdings Corp.     4,100     50,595
Recruit Holdings Co. Ltd.     2,000     69,536
Renesas Electronics Corp.(a)     3,700     71,976
Secom Co. Ltd.       300     20,122
Sekisui House Ltd.       700     14,277
Seven & i Holdings Co. Ltd.       600     24,957
Shimano, Inc.       100     15,153
Shin-Etsu Chemical Co. Ltd.     2,800     92,233
Shionogi & Co. Ltd.       800     33,376
Shiseido Co. Ltd.       500     21,931
SoftBank Corp.     2,000     22,186
SoftBank Group Corp.       600     30,613
Sompo Holdings, Inc.       800     35,383
Sumitomo Corp.     3,500     75,077
Sumitomo Mitsui Financial Group, Inc.     3,300    155,517
Suzuki Motor Corp.       200      8,022
Takeda Pharmaceutical Co. Ltd.     3,238     99,112
Tokio Marine Holdings, Inc.     1,400     32,077
Toyota Industries Corp.       100      7,224
Toyota Motor Corp.     6,200    104,040
Unicharm Corp.       400     14,811
Z Holdings Corp.     3,500      9,757
      3,065,091
Luxembourg–0.23%
ArcelorMittal S.A.     2,589     74,957
Macau–0.13%
Galaxy Entertainment Group Ltd.(a)     2,000     14,544
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Macau–(continued)
Sands China Ltd.(a)     7,600     $29,061
      43,605
Malaysia–0.22%
CIMB Group Holdings Bhd.     9,700     11,937
Genting Bhd.     8,900      8,511
IHH Healthcare Bhd.     8,200     10,847
Petronas Chemicals Group Bhd.     8,100     12,495
Public Bank Bhd.    15,500     14,337
Tenaga Nasional Bhd.     5,800     12,347
      70,474
Mexico–0.91%
America Movil S.A.B. de C.V., Class B(a)    52,100     54,605
Arca Continental S.A.B. de C.V.       800      8,015
Cemex S.A.B. de C.V., Series CPO(a)    18,600     14,129
Fomento Economico Mexicano S.A.B. de C.V., Series CPO     4,900     55,534
Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B       400      7,621
Grupo Aeroportuario del Sureste S.A.B. de C.V., Class B       170      4,808
Grupo Bimbo S.A.B. de C.V., Series A     1,800      9,332
Grupo Elektra S.A.B. de C.V.       235     17,771
Grupo Financiero Banorte S.A.B. de C.V., Class O     3,800     36,017
Grupo Financiero Inbursa S.A.B. de C.V., Class O(a)     3,200      7,768
Grupo Mexico S.A.B. de C.V., Class B     2,400     12,475
Industrias Penoles S.A.B. de C.V.(a)       500      7,149
Kimberly-Clark de Mexico S.A.B. de C.V., Class A     5,200     12,210
Wal-Mart de Mexico S.A.B. de C.V., Series V    11,173     46,514
      293,948
Netherlands–2.49%
Akzo Nobel N.V.        85      7,261
ASML Holding N.V.       531    380,138
EXOR N.V.       318     29,676
Ferrovial SE       366     12,139
Heineken Holding N.V.       233     19,109
ING Groep N.V.     5,794     84,565
Koninklijke Ahold Delhaize N.V.     2,229     76,968
Koninklijke KPN N.V.     2,719      9,841
Koninklijke Philips N.V.(a)       424      8,824
Shell PLC     4,372    133,044
Wolters Kluwer N.V.       361     45,314
      806,879
Peru–0.02%
Credicorp Ltd.        42      6,596
Philippines–0.10%
BDO Unibank, Inc.     3,740      9,878
International Container Terminal Services, Inc.     3,420     13,510
SM Prime Holdings, Inc.    17,000     10,339
      33,727
Poland–0.27%
Allegro.eu S.A.(a)(b)       700      6,172
  Shares Value
Poland–(continued)
Bank Polska Kasa Opieki S.A.       743     $21,957
Powszechna Kasa Oszczednosci Bank Polski S.A.     3,417     34,705
Powszechny Zaklad Ubezpieczen S.A.     1,316     13,321
Santander Bank Polska S.A.(a)       106     10,521
      86,676
Russia–0.00%
Sberbank of Russia PJSC(c)     9,800          0
Tatneft PJSC(c)     1,980          0
VTB Bank PJSC(a)(c) 9,716,000          0
      0
Singapore–0.45%
DBS Group Holdings Ltd.     1,100     28,324
Oversea-Chinese Banking Corp. Ltd.     3,000     29,991
Sea Ltd., ADR(a)       403     26,807
Singapore Telecommunications Ltd.     5,300     10,605
STMicroelectronics N.V.       913     48,882
      144,609
South Africa–1.72%
Absa Group Ltd.     2,632     28,044
Anglo American PLC     1,995     61,239
Bid Corp. Ltd.       347      8,223
Capitec Bank Holdings Ltd.       149     14,937
Discovery Ltd.(a)     1,443     12,771
FirstRand Ltd.     9,126     37,138
Gold Fields Ltd.     3,205     49,588
Impala Platinum Holdings Ltd.     1,634     11,818
MTN Group Ltd.       934      7,348
Naspers Ltd., Class N       955    187,781
Nedbank Group Ltd.     1,380     18,132
Sanlam Ltd.     5,815     21,501
Sasol Ltd.     2,016     28,123
Shoprite Holdings Ltd.     2,144     30,980
Sibanye Stillwater Ltd.     3,722      7,084
Standard Bank Group Ltd.     2,993     31,950
      556,657
South Korea–2.43%
Hyundai Mobis Co. Ltd.        42      7,684
Hyundai Motor Co.        85     13,082
Kia Corp.     1,125     73,004
LG Chem Ltd.        42     21,389
LG Energy Solution Ltd.(a)        42     18,466
POSCO Holdings, Inc.       191     96,447
Samsung C&T Corp.       488     39,576
Samsung Electronics Co. Ltd.     7,619    417,608
Samsung SDI Co. Ltd.       127     66,343
SK hynix, Inc.       361     34,977
      788,576
Spain–2.51%
Aena SME S.A.(b)       127     20,325
Amadeus IT Group S.A.       446     32,011
Banco Bilbao Vizcaya Argentaria S.A.    23,283    184,479
Banco Santander S.A.    55,607    225,105
CaixaBank S.A.     5,306     21,395
Iberdrola S.A.    11,992    149,808
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
Spain–(continued)
Industria de Diseno Textil S.A.     2,207     $84,382
Repsol S.A.     3,629     55,441
Telefonica S.A.     9,614     41,003
      813,949
Sweden–1.03%
Assa Abloy AB, Class B       637     15,297
Atlas Copco AB, Class A     1,825     25,989
Epiroc AB, Class A       700     13,912
Essity AB, Class B       743     18,423
Evolution AB(b)       467     57,608
H & M Hennes & Mauritz AB, Class B       658     11,042
Investor AB, Class B     1,125     22,987
Sandvik AB       891     18,024
Skandinaviska Enskilda Banken AB, Class A     1,507     18,257
Svenska Handelsbanken AB, Class A     1,995     17,506
Swedbank AB, Class A     1,252     22,938
Telefonaktiebolaget LM Ericsson, Class B     4,945     24,972
Volvo AB, Class B     3,099     68,499
      335,454
Switzerland–3.41%
ABB Ltd.     2,059     82,391
Alcon, Inc.       170     14,447
Cie Financiere Richemont S.A.       913    147,111
Geberit AG        21     11,903
Kuehne + Nagel International AG, Class R       127     39,635
Nestle S.A.     1,613    198,130
Novartis AG     3,714    389,380
Partners Group Holding AG        19     21,337
Schindler Holding AG, PC        85     20,589
SGS S.A.        85      8,227
Straumann Holding AG       106     17,545
Swatch Group AG (The), BR        42     13,425
Swisscom AG        21     13,495
UBS Group AG(a)     5,688    125,934
      1,103,549
Taiwan–3.36%
Advantech Co. Ltd.     1,000     12,458
ASE Technology Holding Co. Ltd., ADR     6,813     54,708
Asustek Computer, Inc.     2,000     23,166
Catcher Technology Co. Ltd.     4,000     22,083
Chailease Holding Co. Ltd.     3,155     20,906
Cheng Shin Rubber Industry Co. Ltd.     6,000      7,341
China Steel Corp.    12,000     10,680
Chunghwa Telecom Co. Ltd., ADR       233      8,551
Delta Electronics, Inc.     4,000     46,630
Evergreen Marine Corp. Taiwan Ltd.     3,800     12,599
Far Eastern New Century Corp.    11,000     10,396
First Financial Holding Co. Ltd.    10,120      9,363
Formosa Plastics Corp.     8,000     21,198
Fubon Financial Holding Co. Ltd.    18,000     37,572
Hon Hai Precision Industry Co. Ltd.    19,000     65,687
MediaTek, Inc.     3,000     65,868
Nan Ya Plastics Corp.    14,000     31,184
Nanya Technology Corp.     4,000      9,223
Novatek Microelectronics Corp.     7,000     94,443
Pegatron Corp.     6,000     14,611
  Shares Value
Taiwan–(continued)
Powerchip Semiconductor Manufacturing Corp.     9,000      $8,586
Quanta Computer, Inc.     5,000     37,946
Realtek Semiconductor Corp.(a)     2,000     27,443
Taishin Financial Holding Co. Ltd.    14,588      8,480
Taiwan Cooperative Financial Holding Co. Ltd.(a)    10,150      9,500
Taiwan Semiconductor Manufacturing Co. Ltd., ADR     2,313    229,334
Unimicron Technology Corp.     3,000     17,685
Uni-President Enterprises Corp.    14,000     33,545
United Microelectronics Corp., ADR    10,654     80,011
Wan Hai Lines Ltd.     4,000      6,427
Yageo Corp.     2,000     29,296
Yang Ming Marine Transport Corp.     4,000      5,928
Yuanta Financial Holding Co. Ltd.    20,798     16,148
      1,088,996
Turkey–0.49%
Enka Insaat ve Sanayi A.S.     5,773      7,206
Ford Otomotiv Sanayi A.S.       615     21,650
KOC Holding A.S.     6,240     31,283
Sasa Polyester Sanayi A.S.(a)     4,797     10,840
Turk Hava Yollari AO(a)    10,145     88,273
      159,252
United Kingdom–4.76%
Ashtead Group PLC       212     15,668
Associated British Foods PLC     1,040     27,351
Aviva PLC     5,815     28,967
BAE Systems PLC     9,954    118,991
Barclays PLC    33,852     67,294
BP PLC    44,146    273,598
British American Tobacco PLC     5,073    170,519
BT Group PLC     6,516     10,199
Coca-Cola Europacific Partners PLC       807     51,156
Compass Group PLC       785     20,418
Diageo PLC     1,677     73,173
Haleon PLC    13,944     60,434
HSBC Holdings PLC    11,992     99,406
Imperial Brands PLC       913     21,545
Lloyds Banking Group PLC   158,946     91,627
National Grid PLC     6,303     83,498
NatWest Group PLC    10,336     32,387
RELX PLC     2,780     93,564
Smith & Nephew PLC     1,655     25,189
SSE PLC       552     11,938
Standard Chartered PLC     3,926     37,720
Tesco PLC    11,694     38,707
Vodafone Group PLC    91,772     87,696
      1,541,045
United States–3.05%
Atlassian Corp., Class A(a)       220     40,027
Experian PLC       764     29,489
GSK PLC     4,797     85,222
Holcim Ltd.(a)     1,189     82,562
JBS S.A.     3,100     12,312
Roche Holding AG     1,189    368,639
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
  Shares Value
United States–(continued)
Sanofi     1,804    $192,661
Spotify Technology S.A.(a)        85     12,700
Stellantis N.V.     5,858    120,151
Swiss Re AG       424     44,189
      987,952
Vietnam–0.00%
Vietnam Dairy Products JSC         2          7
Total Common Stocks & Other Equity Interests (Cost $18,656,240) 22,123,781
  Principal
Amount 		 
U.S. Treasury Securities–9.06%
U.S. Treasury Bills–9.06%
4.59%, 01/25/2024(d)   $1,476,970  1,471,005
4.66 - 4.69%, 02/22/2024(d)   1,471,271  1,465,921
Total U.S. Treasury Securities (Cost $2,948,241) 2,936,926
  Shares  
Preferred Stocks–0.16%
Multinational–0.16%
Harambee Re Ltd., Pfd.(c)        15      1,520
Mt. Logan Re Ltd., Pfd.(c)        50     45,655
Thopas Re Ltd., Pfd.(c)         5        294
Turing Re Ltd., Series 2019-1, Pfd.(b)(c)       886      2,843
Viribus Re Ltd., Pfd.(c)    33,312      3,086
Total Preferred Stocks (Cost $173,821) 53,398
  Principal
Amount 		Value
Event-Linked Bonds–0.15%
Multinational–0.15%
Limestone Re Ltd., Class A, Catastrophe Linked Notes, 0.00%, 12/31/2024(b)(c)(e)       $1,175      $1,574
Sector Re V Ltd., Series 2019-1, Class A, Catastrophe Linked Notes, 0.00%, 03/01/2024(b)(c)(e)      81,903     45,432
Total Event-Linked Bonds (Cost $83,078) 47,006
  Shares  
Money Market Funds–18.51%
Invesco Government & Agency Portfolio, Institutional Class, 5.18%(f)(g) 2,098,936  2,098,936
Invesco Liquid Assets Portfolio, Institutional Class, 5.28%(f)(g) 1,498,932  1,499,082
Invesco Treasury Portfolio, Institutional Class, 5.18%(f)(g) 2,398,785  2,398,785
Total Money Market Funds (Cost $5,996,894) 5,996,803
TOTAL INVESTMENTS IN SECURITIES—96.15% (Cost $27,858,274) 31,157,914
OTHER ASSETS LESS LIABILITIES–3.85% 1,248,175
NET ASSETS–100.00% $32,406,089
Investment Abbreviations:
ADR – American Depositary Receipt
BR – Bearer Shares
CPO – Certificates of Ordinary Participation
PC – Participation Certificate
Pfd. – Preferred
REIT – Real Estate Investment Trust
Notes to Schedule of Investments:
(a) Non-income producing security.
(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 July 31, 2023 was $260,543, which represented less than 1% of the Fund’s Net Assets.
(c) Security valued using significant unobservable inputs (Level 3). See Note 1.
(d) Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.
(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 nine months ended July 31, 2023.
    
  Value
October 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
July 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $1,503,463 $8,441,415 $(7,845,942) $- $- $2,098,936 $73,503
Invesco Liquid Assets Portfolio, Institutional Class 1,074,009 6,029,583 (5,604,245) (197) (68) 1,499,082 51,191
Invesco Treasury Portfolio, Institutional Class 1,718,243 9,647,332 (8,966,790) - - 2,398,785 79,686
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 18,242 75,449 (93,691) - - - 99*
Invesco Private Prime Fund 46,646 179,326 (225,965) (4) (3) - 261*
Total $4,360,603 $24,373,105 $(22,736,633) $(201) $(71) $5,996,803 $204,740
    
* 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.
    
See accompanying notes which are an integral part of this schedule.
Invesco Advantage International Fund
(g) The rate shown is the 7-day SEC standardized yield as of July 31, 2023.
    
Open Exchange-Traded Index Options Written
Description Type of
Contract 		Expiration
Date 		Number of
Contracts 		Exercise
Price 		Notional
Value* 		    Value
Equity Risk
MSCI EAFE Index Call 08/18/2023 47 USD 2,190.00 USD 10,293,000     $(128,545)
MSCI Emerging Markets Index Call 08/18/2023 43 USD 1,040.00 USD 4,472,000     (90,085)
Total Index Options Written           $(218,630)
    
* 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
Currency Risk
Canadian Dollar 31 September-2023 $2,354,295 $9,849 $9,849
Equity Risk
S&P/TSX 60 Index 13 September-2023 2,444,925 76,993 76,993
Total Futures Contracts $86,842 $86,842
    
(a) Futures contracts collateralized by $986,231 cash held with Merrill Lynch International, the futures commission merchant.
    
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
Equity Risk                      
BNP Paribas S.A. Receive MSCI EAFE Minimum Volatility Index SOFR + 0.020% Monthly 1,195 August—2023 USD 2,465,118 $— $24,653 $24,653
Citibank, N.A. Receive MSCI EAFE Minimum Volatility Index SOFR + 0.340% Monthly 1,265 August—2023 USD 2,609,518 — 26,097 26,097
Citibank, N.A. Receive MSCI Emerging Markets Minimum Volatility Index SOFR + 0.620% Monthly 307 August—2023 USD 587,340 — 10,794 10,794
J.P. Morgan Chase Bank, N.A. Receive MSCI Emerging Markets Minimum Volatility Index SOFR + 0.600% Monthly 833 August—2023 USD 1,593,662 — 29,288 29,288
Total — Total Return Swap Agreements         $— $90,832 $90,832
    
(a) The Fund receives or pays payments based on any positive or negative return on the Reference Entity, respectively.
    
Abbreviations:
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
July 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 July 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        
Australia $— $898,231 $— $898,231
Austria — 11,509 — 11,509
Belgium — 180,005 — 180,005
Brazil 762,911 — — 762,911
Chile 45,120 — — 45,120
China 421,275 2,292,771 — 2,714,046
Colombia 33,544 — — 33,544
Czech Republic — 14,673 — 14,673
Denmark — 716,798 — 716,798
Finland — 101,037 — 101,037
France — 1,682,088 — 1,682,088
Germany — 1,685,134 — 1,685,134
Hong Kong — 262,027 — 262,027
Hungary — 54,824 — 54,824
Indonesia — 184,789 — 184,789
Ireland 15,277 155,720 — 170,997
Italy — 604,049 — 604,049
Japan — 3,065,091 — 3,065,091
Luxembourg — 74,957 — 74,957
Macau — 43,605 — 43,605
Malaysia — 70,474 — 70,474
Mexico 293,948 — — 293,948
Multinational — — 100,404 100,404
Netherlands — 806,879 — 806,879
Peru 6,596 — — 6,596
Philippines — 33,727 — 33,727
Poland — 86,676 — 86,676
Russia — — 0 0
Singapore 26,807 117,802 — 144,609
South Africa — 556,657 — 556,657
South Korea — 788,576 — 788,576
Spain — 813,949 — 813,949
Sweden — 335,454 — 335,454
Switzerland — 1,103,549 — 1,103,549
Taiwan 704,016 384,980 — 1,088,996
Turkey — 159,252 — 159,252
United Kingdom 51,156 1,489,889 — 1,541,045
United States 65,039 3,859,839 — 3,924,878
Invesco Advantage International Fund
  Level 1 Level 2 Level 3 Total
Vietnam $— $7 $— $7
Money Market Funds 5,996,803 — — 5,996,803
Total Investments in Securities 8,422,492 22,635,018 100,404 31,157,914
Other Investments - Assets*        
Futures Contracts 86,842 — — 86,842
Swap Agreements — 90,832 — 90,832
  86,842 90,832 — 177,674
Other Investments - Liabilities*        
Options Written (218,630) — — (218,630)
Total Other Investments (131,788) 90,832 — (40,956)
Total Investments $8,290,704 $22,725,850 $100,404 $31,116,958
    
* Futures contracts and swap agreements are valued at unrealized appreciation (depreciation). Options written are shown at value.
Invesco Advantage International Fund