NPORT-EX 2 edgar.htm
Schedule of Investments
January 31, 2024
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.98%
Australia–3.40%
CSL Ltd. 566,277   $111,204,079
James Hardie Industries PLC, CDI(a) 3,510,101   131,876,023
      243,080,102
Canada–5.13%
Alimentation Couche-Tard, Inc. 2,922,827   171,267,292
Dollarama, Inc. 2,669,454   195,912,847
      367,180,139
Denmark–5.32%
Novo Nordisk A/S, Class B 3,328,599   380,473,461
France–15.90%
Airbus SE 618,009    98,440,085
Capgemini SE 370,673    82,408,537
Dassault Systemes SE 1,321,506    68,504,579
Edenred SE 1,861,236   111,168,796
EssilorLuxottica S.A. 405,228    79,413,748
Hermes International S.C.A. 80,495   169,817,006
L’Oreal S.A. 263,844   126,263,606
LVMH Moet Hennessy Louis Vuitton SE 293,356   244,089,365
Sartorius Stedim Biotech 332,273    89,526,710
Schneider Electric SE 346,168    68,004,701
      1,137,637,133
Germany–5.77%
AIXTRON SE(b) 2,880,701   107,214,571
CTS Eventim AG & Co. KGaA 1,183,206    80,076,008
HelloFresh SE(a) 1,516,564    20,056,184
SAP SE 287,397    49,790,546
Siemens AG 798,378   142,928,699
Siemens Healthineers AG(b)(c) 232,257    12,925,387
      412,991,395
India–5.63%
Dr Lal PathLabs Ltd.(c) 2,406,682    73,039,816
ICICI Bank Ltd. 6,427,190    79,601,596
Reliance Industries Ltd. 7,293,389   250,575,361
      403,216,773
Ireland–2.80%
Flutter Entertainment PLC(a) 974,993   200,123,264
Italy–1.60%
Davide Campari-Milano N.V.(b) 11,339,609   114,884,217
Japan–7.24%
Benefit One, Inc.(b) 1,488,721    21,243,770
Daikin Industries Ltd. 740,000   118,571,823
Hitachi Ltd. 1,244,600    97,763,764
Hoya Corp. 652,010    82,824,224
Keyence Corp. 291,684   130,498,802
Kobe Bussan Co. Ltd. 2,646,100    67,615,000
      518,517,383
  Shares Value
Netherlands–6.87%
Aalberts N.V. 1,373,236    $54,611,273
ASM International N.V. 162,676    90,160,506
ASML Holding N.V. 284,312   246,665,645
Universal Music Group N.V. 3,402,587   100,300,519
      491,737,943
New Zealand–0.61%
Xero Ltd.(a) 613,710    43,928,518
Spain–2.22%
Amadeus IT Group S.A.(b) 2,264,760   158,715,218
Sweden–5.51%
Atlas Copco AB, Class A 10,088,138   161,000,765
Beijer Ref AB(b) 3,866,549    52,643,030
Epiroc AB, Class A(b) 10,243,928   180,997,393
      394,641,188
Switzerland–2.87%
Barry Callebaut AG 17,904    26,150,709
Lonza Group AG(a) 74,908    36,622,947
Sika AG 213,456    58,926,199
VAT Group AG(c) 179,604    83,610,837
      205,310,692
Taiwan–1.17%
Taiwan Semiconductor Manufacturing Co. Ltd. 4,174,000    83,557,185
United Kingdom–20.78%
Ashtead Group PLC 1,732,399   113,284,842
Auto Trader Group PLC(c) 11,475,068   105,569,232
Compass Group PLC 7,121,827   196,161,834
ConvaTec Group PLC(b)(c) 20,086,519    61,130,802
JD Sports Fashion PLC 83,781,283   123,804,766
Legal & General Group PLC 20,926,271    67,308,141
London Stock Exchange Group PLC 1,832,613   207,294,261
Next PLC 1,692,155   180,648,573
Ocado Group PLC(a) 2,939,135    20,132,806
Rentokil Initial PLC 20,773,888   106,980,236
Rightmove PLC 12,016,654    85,043,930
RS Group PLC 7,230,767    71,649,370
Trainline PLC(a)(c)(d) 35,381,260   148,033,329
      1,487,042,122
United States–7.16%
EPAM Systems, Inc.(a) 475,569   132,260,495
Experian PLC 1,580,017    65,764,084
Ferguson PLC 866,104   161,948,891
ResMed, Inc. 802,889   152,709,488
      512,682,958
Total Common Stocks & Other Equity Interests (Cost $3,885,687,758) 7,155,719,691
Money Market Funds–0.07%
Invesco Government & Agency Portfolio, Institutional Class, 5.24%(d)(e) 1,641,069     1,641,069
 
See accompanying notes which are an integral part of this schedule.
Invesco Oppenheimer International Growth Fund
  Shares Value
Money Market Funds–(continued)
Invesco Liquid Assets Portfolio, Institutional Class, 5.42%(d)(e) 1,171,489     $1,172,192
Invesco Treasury Portfolio, Institutional Class, 5.22%(d)(e) 1,875,508     1,875,508
Total Money Market Funds (Cost $4,688,769) 4,688,769
TOTAL INVESTMENTS IN SECURITIES (excluding Investments purchased with cash collateral from securities on loan)-100.05% (Cost $3,890,376,527)     7,160,408,460
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–1.44%
Invesco Private Government Fund, 5.29%(d)(e)(f) 28,790,572    28,790,572
  Shares Value
Money Market Funds–(continued)
Invesco Private Prime Fund, 5.52%(d)(e)(f) 73,981,111    $74,032,898
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $102,823,470) 102,823,470
TOTAL INVESTMENTS IN SECURITIES—101.49% (Cost $3,993,199,997) 7,263,231,930
OTHER ASSETS LESS LIABILITIES–(1.49)% (106,354,291)
NET ASSETS–100.00% $7,156,877,639
Investment Abbreviations:
CDI – CREST Depository Interest
Notes to Schedule of Investments:
(a) Non-income producing security.
(b) All or a portion of this security was out on loan at January 31, 2024.
(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, 2024 was $484,309,403, which represented 6.77% of the Fund’s Net Assets.
(d) 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 $44,666,205 $67,292,031 $(110,317,167) $- $- $1,641,069 $122,357
Invesco Liquid Assets Portfolio, Institutional Class 31,945,470 48,065,737 (78,844,497) (2,110) 7,592 1,172,192 90,264
Invesco Treasury Portfolio, Institutional Class 51,047,092 76,905,178 (126,076,762) - - 1,875,508 139,755
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 36,986,941 79,242,467 (87,438,836) - - 28,790,572 337,095*
Invesco Private Prime Fund 95,136,118 168,182,244 (189,320,132) - 34,668 74,032,898 903,377*
Investments in Other Affiliates:              
Trainline PLC 114,276,680 - (2,821,450) 38,490,676 (1,912,577) 148,033,329 -
Total $374,058,506 $439,687,657 $(594,818,844) $38,488,566 $(1,870,317) $255,545,568 $1,592,848
    
* 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.
    
(e) The rate shown is the 7-day SEC standardized yield as of January 31, 2024.
(f) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.
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 Oppenheimer International Growth 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 $— $243,080,102 $— $243,080,102
Canada 367,180,139 — — 367,180,139
Denmark — 380,473,461 — 380,473,461
France — 1,137,637,133 — 1,137,637,133
Germany — 412,991,395 — 412,991,395
India — 403,216,773 — 403,216,773
Ireland — 200,123,264 — 200,123,264
Italy — 114,884,217 — 114,884,217
Japan — 518,517,383 — 518,517,383
Netherlands — 491,737,943 — 491,737,943
New Zealand — 43,928,518 — 43,928,518
Spain — 158,715,218 — 158,715,218
Sweden — 394,641,188 — 394,641,188
Switzerland — 205,310,692 — 205,310,692
Taiwan — 83,557,185 — 83,557,185
United Kingdom — 1,487,042,122 — 1,487,042,122
United States 284,969,983 227,712,975 — 512,682,958
Money Market Funds 4,688,769 102,823,470 — 107,512,239
Total Investments $656,838,891 $6,606,393,039 $— $7,263,231,930
Invesco Oppenheimer International Growth Fund