NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2024
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.27%
Australia–1.14%
Sonic Healthcare Ltd. 1,930,950    $40,260,694
Brazil–1.21%
WEG S.A. 6,567,100    42,866,950
Canada–0.80%
FirstService Corp. 170,322    28,506,718
China–0.48%
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares 26,723,600    17,071,092
Denmark–0.72%
Novozymes A/S, Class B 500,000    25,620,340
France–1.96%
Gaztransport Et Technigaz S.A. 179,935    25,226,445
Legrand S.A. 455,419    44,137,207
      69,363,652
Germany–1.65%
Carl Zeiss Meditec AG, BR 554,886    58,491,484
Ireland–0.02%
Ads-Tec Energy PLC(a) 82,586       619,395
Italy–1.85%
Brunello Cucinelli S.p.A. 345,758    34,277,366
Reply S.p.A. 227,490    31,191,242
      65,468,608
Japan–16.62%
BayCurrent Consulting, Inc. 1,221,400    28,396,327
Benefit One, Inc. 2,112,600    30,146,406
Comture Corp. 1,306,900    16,160,735
CyberAgent, Inc. 5,200,000    33,559,903
Disco Corp. 246,800    66,596,260
DTS Corp. 77,136     1,897,194
Hoshizaki Corp. 344,674    12,539,707
Jeol Ltd. 980,700    44,831,589
Kakaku.com, Inc. 2,305,553    26,226,362
M3, Inc. 2,560,000    40,396,793
MISUMI Group, Inc. 2,771,300    47,513,642
Nomura Research Institute Ltd. 1,765,291    53,988,814
SHIFT, Inc.(a) 361,500    65,168,803
Shimano, Inc. 222,202    31,902,719
Sysmex Corp. 999,549    54,147,855
Yaskawa Electric Corp. 938,000    35,349,745
      588,822,854
New Zealand–0.59%
Fisher & Paykel Healthcare Corp. Ltd. 1,442,962    20,840,755
Puerto Rico–0.73%
EVERTEC, Inc. 646,073    25,946,292
South Korea–0.49%
NICE Information Service Co. Ltd. 2,361,007    17,399,606
  Shares Value
Sweden–4.17%
Addtech AB, Class B 1,999,244    $41,243,812
Cellavision AB 1,078,562    20,872,236
Indutrade AB 1,687,931    41,006,729
NIBE Industrier AB, Class B 7,469,031    44,628,810
      147,751,587
Switzerland–6.82%
EMS-Chemie Holding AG 54,736    41,321,008
Geberit AG 91,978    52,945,105
Givaudan S.A. 9,948    41,369,122
Partners Group Holding AG 29,954    40,413,187
Sonova Holding AG, Class A 109,197    34,898,980
Straumann Holding AG 201,088    30,545,542
      241,492,944
Taiwan–0.46%
Voltronic Power Technology Corp. 378,000    16,164,347
Thailand–0.89%
Bumrungrad Hospital PCL, Foreign Shares 4,640,041    31,392,827
United Kingdom–7.83%
Aston Martin Lagonda Global Holdings PLC(a)(b) 25,673,941    61,925,723
Auction Technology Group PLC(a) 3,420,147    23,612,516
Croda International PLC 779,799    47,198,571
FDM Group Holdings PLC 4,448,508    26,116,363
Frontier Developments PLC(a) 82,826       150,688
Hargreaves Lansdown PLC 2,112,899    20,388,237
Moneysupermarket.com Group PLC 6,115,006    19,730,141
Sage Group PLC (The) 2,472,772    36,814,435
Spirax-Sarco Engineering PLC 330,406    41,585,171
      277,521,845
United States–50.84%
Acuity Brands, Inc. 226,631    53,974,439
Advanced Micro Devices, Inc.(a) 674,417   113,092,987
AGCO Corp. 350,485    42,874,830
Align Technology, Inc.(a) 127,688    34,133,556
Allegion PLC 399,032    49,436,074
Artisan Partners Asset Management, Inc., Class A 631,361    26,454,026
Boise Cascade Co. 177,056    23,984,006
Brady Corp., Class A 166,064    10,002,035
Cognex Corp. 931,517    33,665,024
Cohen & Steers, Inc. 333,701    23,499,224
Columbia Sportswear Co. 353,130    27,989,084
Deckers Outdoor Corp.(a) 72,709    54,802,955
Donnelley Financial Solutions, Inc.(a) 475,832    29,558,684
Encore Wire Corp. 182,027    41,047,089
Exponent, Inc. 610,620    53,850,578
Forward Air Corp. 618,437    27,415,312
Hamilton Lane, Inc., Class A 151,205    17,530,708
ICON PLC(a) 109,885    28,665,700
Innospec, Inc. 129,511    15,037,522
Inter Parfums, Inc. 175,072    24,361,269
 
See accompanying notes which are an integral part of this schedule.
Invesco Global Opportunities Fund
  Shares Value
United States–(continued)
Jack Henry & Associates, Inc. 523,794    $86,860,759
Lincoln Electric Holdings, Inc. 244,694    54,375,901
Littelfuse, Inc. 145,259    35,138,152
Malibu Boats, Inc., Class A(a) 465,914    19,451,910
Manhattan Associates, Inc.(a) 424,325   102,924,272
MarketAxess Holdings, Inc. 252,221    56,878,358
Medifast, Inc. 396,993    21,695,667
Myers Industries, Inc. 904,176    16,953,300
National Research Corp. 343,990    13,553,206
New York Times Co. (The), Class A 861,246    41,822,106
NewMarket Corp. 43,722    24,388,569
Open Lending Corp., Class A(a) 803,148     5,895,106
Oxford Industries, Inc. 174,524    16,567,563
Packaging Corp. of America 238,664    39,589,584
Pool Corp. 156,148    57,969,945
PTC, Inc.(a) 301,113    54,396,063
QUALCOMM, Inc. 429,867    63,839,548
Reliance Steel & Aluminum Co. 153,015    43,673,541
RMR Group, Inc. (The), Class A 93,133     2,429,840
SEI Investments Co. 1,139,917    72,088,351
Simpson Manufacturing Co., Inc. 166,932    30,213,023
Terex Corp. 687,983    42,262,796
  Shares Value
United States–(continued)
Toro Co. (The) 405,363    $37,487,970
United Therapeutics Corp.(a) 171,967    36,935,072
Vicor Corp.(a) 82,827     3,120,093
Watsco, Inc. 99,889    39,054,601
WESCO International, Inc. 290,914    50,479,397
      1,801,419,795
Total Common Stocks & Other Equity Interests (Cost $2,944,818,389) 3,517,021,785
Money Market Funds–0.74%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(c)(d) 9,137,086     9,137,086
Invesco Liquid Assets Portfolio, Institutional Class, 5.42%(c)(d) 6,547,574     6,551,502
Invesco Treasury Portfolio, Institutional Class, 5.22%(c)(d) 10,442,384    10,442,384
Total Money Market Funds (Cost $26,129,036) 26,130,972
TOTAL INVESTMENTS IN SECURITIES—100.01% (Cost $2,970,947,425) 3,543,152,757
OTHER ASSETS LESS LIABILITIES–(0.01)% (263,247)
NET ASSETS–100.00% $3,542,889,510
Investment Abbreviations:
BR – Bearer Shares
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 January 31, 2024 was $61,925,723, which represented 1.75% of the Fund’s Net Assets.
(c) Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2024.
    
  Value
October 31, 2023 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain
(Loss) 		Value
January 31, 2024 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $57,919,072 $76,887,790 $(125,669,776) $- $- $9,137,086 $655,043
Invesco Liquid Assets Portfolio, Institutional Class 41,377,891 54,919,850 (89,764,125) (5,362) 23,248 6,551,502 484,866
Invesco Treasury Portfolio, Institutional Class 66,193,225 87,871,760 (143,622,601) - - 10,442,384 747,791
Investments in Other Affiliates:              
Biocartis Group N.V. 5 - (5,202) 17,942,168 (17,936,971) - -
Boozt AB 13,531,961 - (17,248,637) 2,260,060 1,456,616 - -
Comture Corp.* 30,208,114 - (12,373,795) 1,915,975 (3,589,559) 16,160,735 122,147
Frontier Developments PLC* 5,012,281 - (3,049,760) 23,840,177 (25,652,010) 150,688 -
GeNeuro S.A. 2,974,664 - (2,096,893) 4,464,192 (5,341,963) - -
IQE PLC 93,780,268 - (24,906,064) 75,051,336 (143,925,540) - -
PVA TePla AG 29,133,866 - (33,473,677) (6,728,151) 11,067,962 - -
Zotefoams PLC 10,507,468 - (12,911,437) 6,995,581 (4,591,612) - -
Total $350,638,815 $219,679,400 $(465,121,967) $125,735,976 $(188,489,829) $42,442,395 $2,009,847
    
* At January 31, 2024, this security was no longer an affiliate of the Fund.
    
(d) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
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, 2024
(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, 2024. 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 $— $40,260,694 $— $40,260,694
Brazil 42,866,950 — — 42,866,950
Canada 28,506,718 — — 28,506,718
China — 17,071,092 — 17,071,092
Denmark — 25,620,340 — 25,620,340
France — 69,363,652 — 69,363,652
Germany — 58,491,484 — 58,491,484
Ireland 619,395 — — 619,395
Italy — 65,468,608 — 65,468,608
Japan — 588,822,854 — 588,822,854
New Zealand — 20,840,755 — 20,840,755
Puerto Rico 25,946,292 — — 25,946,292
South Korea — 17,399,606 — 17,399,606
Sweden — 147,751,587 — 147,751,587
Switzerland — 241,492,944 — 241,492,944
Taiwan — 16,164,347 — 16,164,347
Thailand — 31,392,827 — 31,392,827
United Kingdom — 277,521,845 — 277,521,845
United States 1,801,419,795 — — 1,801,419,795
Money Market Funds 26,130,972 — — 26,130,972
Total Investments $1,925,490,122 $1,617,662,635 $— $3,543,152,757
Invesco Global Opportunities Fund