NPORT-EX 2 edgar.htm
Schedule of Investments(a)
July 31, 2021
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.69%
Aerospace & Defense–2.60%
Lockheed Martin Corp. 104,506    $38,841,745
Raytheon Technologies Corp. 488,666    42,489,509
      81,331,254
Air Freight & Logistics–1.48%
United Parcel Service, Inc., Class B 241,665    46,245,014
Apparel Retail–1.33%
Ross Stores, Inc. 339,372    41,637,551
Application Software–0.67%
Citrix Systems, Inc. 207,786    20,934,439
Asset Management & Custody Banks–0.85%
BlackRock, Inc. 30,710    26,630,791
Cable & Satellite–2.31%
Comcast Corp., Class A 1,229,440    72,327,955
Construction Materials–0.56%
Vulcan Materials Co. 97,860    17,613,821
Consumer Finance–1.64%
American Express Co. 301,729    51,453,846
Data Processing & Outsourced Services–4.18%
Fidelity National Information Services, Inc. 262,406    39,111,614
Visa, Inc., Class A(b) 373,114    91,931,559
      131,043,173
Distillers & Vintners–0.96%
Constellation Brands, Inc., Class A 134,267    30,121,459
Diversified Banks–2.64%
JPMorgan Chase & Co. 545,735    82,831,658
Electric Utilities–1.66%
American Electric Power Co., Inc. 212,082    18,688,666
NextEra Energy, Inc. 425,979    33,183,764
      51,872,430
Electrical Components & Equipment–0.87%
Rockwell Automation, Inc.(b) 89,086    27,386,818
Electronic Manufacturing Services–0.88%
TE Connectivity Ltd. 187,433    27,640,745
Environmental & Facilities Services–1.03%
Republic Services, Inc. 271,544    32,139,948
Financial Exchanges & Data–3.78%
CME Group, Inc., Class A 110,958    23,537,520
Intercontinental Exchange, Inc. 313,682    37,588,514
S&P Global, Inc.(b) 133,412    57,196,393
      118,322,427
Food Distributors–0.73%
Sysco Corp. 307,101    22,786,894
  Shares Value
Footwear–1.65%
NIKE, Inc., Class B 309,345    $51,818,381
Gas Utilities–0.86%
Atmos Energy Corp. 273,884    27,002,224
General Merchandise Stores–2.37%
Dollar General Corp. 159,437    37,091,424
Target Corp. 142,563    37,216,071
      74,307,495
Health Care Equipment–4.33%
Abbott Laboratories 290,593    35,155,941
Danaher Corp. 187,040    55,642,530
Stryker Corp. 165,080    44,726,775
      135,525,246
Health Care Supplies–0.87%
Cooper Cos., Inc. (The) 64,627    27,257,730
Home Improvement Retail–2.34%
Home Depot, Inc. (The) 223,581    73,377,048
Hypermarkets & Super Centers–1.34%
Costco Wholesale Corp. 97,843    42,045,094
Industrial Conglomerates–1.71%
Honeywell International, Inc. 229,393    53,629,789
Industrial Gases–1.25%
Air Products and Chemicals, Inc. 134,754    39,217,457
Industrial Machinery–1.80%
Otis Worldwide Corp. 367,102    32,873,984
Stanley Black & Decker, Inc. 119,683    23,583,535
      56,457,519
Industrial REITs–1.82%
Prologis, Inc. 443,986    56,847,967
Insurance Brokers–1.58%
Marsh & McLennan Cos., Inc. 336,765    49,578,543
Integrated Oil & Gas–1.20%
Chevron Corp. 369,192    37,587,438
Integrated Telecommunication Services–1.15%
Verizon Communications, Inc. 647,083    36,094,290
Interactive Home Entertainment–1.28%
Electronic Arts, Inc. 278,236    40,054,855
Internet & Direct Marketing Retail–1.15%
eBay, Inc. 526,052    35,882,007
IT Consulting & Other Services–1.92%
Accenture PLC, Class A 189,128    60,082,183
Life Sciences Tools & Services–1.82%
Lonza Group AG (Switzerland) 56,426    43,915,385
Thermo Fisher Scientific, Inc. 24,268    13,104,963
      57,020,348
 
See accompanying notes which are an integral part of this schedule.
Invesco Rising Dividends Fund
  Shares Value
Managed Health Care–2.90%
UnitedHealth Group, Inc. 220,720    $90,985,198
Movies & Entertainment–1.19%
Walt Disney Co. (The)(c) 211,336    37,199,363
Office REITs–0.96%
Alexandria Real Estate Equities, Inc.(b) 150,067    30,214,490
Oil & Gas Refining & Marketing–0.68%
Valero Energy Corp. 320,160    21,441,115
Packaged Foods & Meats–1.02%
Mondelez International, Inc., Class A 504,246    31,898,602
Pharmaceuticals–4.48%
AstraZeneca PLC, ADR (United Kingdom) 551,722    31,580,567
Eli Lilly and Co. 271,204    66,038,174
Zoetis, Inc. 210,317    42,631,256
      140,249,997
Property & Casualty Insurance–0.83%
Allstate Corp. (The) 199,821    25,986,721
Railroads–1.32%
Union Pacific Corp. 188,466    41,228,822
Regional Banks–1.38%
PNC Financial Services Group, Inc. (The) 236,860    43,205,633
Restaurants–1.49%
McDonald’s Corp. 191,738    46,536,730
Semiconductor Equipment–2.30%
Applied Materials, Inc. 307,358    43,008,605
ASML Holding N.V., New York Shares (Netherlands) 37,666    28,880,029
      71,888,634
Semiconductors–3.27%
QUALCOMM, Inc. 320,199    47,965,810
Texas Instruments, Inc. 286,200    54,555,444
      102,521,254
Soft Drinks–2.60%
Coca-Cola Co. (The) 652,237    37,197,076
  Shares Value
Soft Drinks–(continued)
PepsiCo, Inc. 281,412    $44,167,614
      81,364,690
Specialized REITs–1.85%
American Tower Corp. 204,539    57,843,629
Systems Software–6.78%
Microsoft Corp. 745,238   212,325,759
Technology Hardware, Storage & Peripherals–7.16%
Apple, Inc. 1,537,664   224,283,671
Trading Companies & Distributors–0.87%
Fastenal Co. 494,924    27,106,987
Total Common Stocks & Other Equity Interests (Cost $1,803,892,354) 3,122,387,132
Money Market Funds–0.17%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) 1,765,455     1,765,455
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) 1,492,704     1,493,301
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) 2,017,663     2,017,663
Total Money Market Funds (Cost $5,276,389) 5,276,419
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.86% (Cost $1,809,168,743)     3,127,663,551
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–3.32%
Invesco Private Government Fund, 0.02%(d)(e)(f) 31,196,082    31,196,081
Invesco Private Prime Fund, 0.12%(d)(e)(f) 72,761,752    72,790,858
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $103,986,938) 103,986,939
TOTAL INVESTMENTS IN SECURITIES–103.18% (Cost $1,913,155,681) 3,231,650,490
OTHER ASSETS LESS LIABILITIES—(3.18)% (99,746,140)
NET ASSETS–100.00% $3,131,904,350
Investment Abbreviations:
ADR – American Depositary Receipt
REIT – Real Estate Investment Trust
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) All or a portion of this security was out on loan at July 31, 2021.
(c) Non-income producing security.
(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 nine months ended July 31, 2021.
    
  Value
October 31, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
July 31, 2021 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $4,904,471 $109,575,860 $(112,714,876) $- $- $1,765,455 $1,081
Invesco Liquid Assets Portfolio, Institutional Class 3,501,382 78,268,471 (80,276,359) 118 (311) 1,493,301 950
Invesco Treasury Portfolio, Institutional Class 5,605,110 125,229,554 (128,817,001) - - 2,017,663 483
See accompanying notes which are an integral part of this schedule.
Invesco Rising Dividends Fund
  Value
October 31, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
July 31, 2021 		Dividend Income
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund $- $70,983,678 $(39,787,597) $- $- $31,196,081 $456*
Invesco Private Prime Fund - 155,663,848 (82,872,990) - - 72,790,858 7,011*
Total $14,010,963 $539,721,411 $(444,468,823) $118 $(311) $109,263,358 $9,981
    
* 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 July 31, 2021.
(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 Rising Dividends Fund
Notes to Quarterly Schedule of Portfolio Holdings
July 31, 2021
(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 or are unreliable. 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 the Fund’s own 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, 2021. 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 $3,078,471,747 $43,915,385 $— $3,122,387,132
Money Market Funds 5,276,419 103,986,939 — 109,263,358
Total Investments $3,083,748,166 $147,902,324 $— $3,231,650,490
Invesco Rising Dividends Fund