NPORT-EX 2 Edgar.htm
Schedule of Investments(a)
January 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.70%
Advertising–0.77%
Trade Desk, Inc. (The), Class A(b) 379,157    $19,223,260
Aerospace & Defense–1.80%
Airbus SE (France) 141,300    17,705,143
General Dynamics Corp. 81,270    18,940,786
Northrop Grumman Corp. 18,630     8,346,985
      44,992,914
Agricultural & Farm Machinery–1.15%
Deere & Co. 67,770    28,655,867
Aluminum–0.43%
Alcoa Corp. 207,000    10,813,680
Apparel Retail–0.18%
MYT Netherlands Parent B.V., ADR (Germany)(b)(c) 384,429     4,482,442
Application Software–6.51%
Adobe, Inc.(b) 19,350     7,166,079
HubSpot, Inc.(b) 33,480    11,617,895
Intuit, Inc. 92,610    39,143,469
Paylocity Holding Corp.(b) 119,700    24,932,313
Synopsys, Inc.(b) 97,740    34,575,525
Unity Software, Inc.(b)(c) 250,200     8,887,104
Workday, Inc., Class A(b) 200,985    36,464,708
      162,787,093
Asset Management & Custody Banks–1.44%
KKR & Co., Inc., Class A 647,514    36,137,756
Automobile Manufacturers–0.67%
General Motors Co. 178,200     7,006,824
Tesla, Inc.(b) 57,060     9,883,933
      16,890,757
Automotive Retail–0.60%
AutoZone, Inc.(b) 6,160    15,023,316
Biotechnology–2.04%
BioMarin Pharmaceutical, Inc.(b) 305,640    35,255,574
Regeneron Pharmaceuticals, Inc.(b) 20,970    15,905,116
      51,160,690
Construction Machinery & Heavy Trucks–0.36%
Caterpillar, Inc. 36,000     9,082,440
Consumer Electronics–0.90%
Sony Group Corp. (Japan) 252,200    22,513,905
Copper–0.59%
Freeport-McMoRan, Inc. 328,500    14,657,670
Data Processing & Outsourced Services–5.28%
Fiserv, Inc.(b) 58,500     6,240,780
Mastercard, Inc., Class A 282,816   104,811,610
StoneCo Ltd., Class A (Brazil)(b) 1,884,600    21,032,136
      132,084,526
  Shares Value
Diversified Metals & Mining–0.54%
Glencore PLC (Australia)(b) 2,008,000    $13,481,811
Diversified Support Services–0.46%
Cintas Corp. 25,740    11,421,868
Electrical Components & Equipment–1.31%
AMETEK, Inc. 156,420    22,668,386
Rockwell Automation, Inc. 35,550    10,026,167
      32,694,553
Electronic Equipment & Instruments–1.38%
Teledyne Technologies, Inc.(b) 81,630    34,632,344
Environmental & Facilities Services–1.71%
Clean Harbors, Inc.(b) 149,760    19,513,728
Waste Connections, Inc. 174,960    23,252,184
      42,765,912
Financial Exchanges & Data–1.45%
Intercontinental Exchange, Inc. 221,744    23,848,567
Moody’s Corp. 38,700    12,490,425
      36,338,992
Food Distributors–0.18%
Performance Food Group Co.(b) 75,600     4,635,792
Food Retail–0.66%
HelloFresh SE (Germany)(b) 686,700    16,616,645
General Merchandise Stores–0.78%
Target Corp. 114,120    19,644,617
Health Care Equipment–3.11%
DexCom, Inc.(b) 404,190    43,284,707
Intuitive Surgical, Inc.(b) 140,670    34,561,212
      77,845,919
Health Care Supplies–0.20%
Cooper Cos., Inc. (The) 14,670     5,118,803
Home Improvement Retail–0.78%
Lowe’s Cos., Inc. 93,590    19,490,118
Hotels, Resorts & Cruise Lines–1.91%
Booking Holdings, Inc.(b) 3,924     9,551,408
Marriott Vacations Worldwide Corp.(c) 90,810    14,533,233
Travel + Leisure Co. 561,600    23,794,992
      47,879,633
Industrial Machinery–0.40%
Parker-Hannifin Corp. 30,600     9,975,600
Insurance Brokers–0.60%
Arthur J. Gallagher & Co. 76,590    14,990,195
Integrated Oil & Gas–0.56%
Suncor Energy, Inc. (Canada) 405,264    14,065,681
Interactive Home Entertainment–2.78%
Nintendo Co. Ltd. (Japan) 722,100    31,229,320
 
See accompanying notes which are an integral part of this schedule.
Invesco Summit Fund
  Shares Value
Interactive Home Entertainment–(continued)
Sea Ltd., ADR (Singapore)(b)(c) 174,050    $11,217,522
Take-Two Interactive Software, Inc.(b) 238,890    27,049,515
      69,496,357
Interactive Media & Services–6.65%
Alphabet, Inc., Class A(b) 8,280       818,395
Alphabet, Inc., Class C(b) 1,172,160   117,063,619
Bumble, Inc., Class A(b)(c) 247,100     6,362,825
Kuaishou Technology (China)(b)(d) 1,833,400    16,050,464
Meta Platforms, Inc., Class A(b) 68,580    10,216,363
Pinterest, Inc., Class A(b) 270,000     7,098,300
ZoomInfo Technologies, Inc., Class A(b)(c) 306,600     8,655,318
      166,265,284
Internet & Direct Marketing Retail–7.71%
Amazon.com, Inc.(b) 1,282,050   132,217,816
Farfetch Ltd., Class A (United Kingdom)(b)(c) 2,266,200    15,455,484
JD.com, Inc., ADR (China) 320,298    19,067,340
MercadoLibre, Inc. (Brazil)(b) 19,890    23,503,814
Overstock.com, Inc.(b) 113,580     2,749,772
      192,994,226
Internet Services & Infrastructure–1.09%
MongoDB, Inc.(b)(c) 73,880    15,825,835
Snowflake, Inc., Class A(b)(c) 73,260    11,460,794
      27,286,629
IT Consulting & Other Services–0.42%
EPAM Systems, Inc.(b) 31,950    10,628,168
Leisure Facilities–0.95%
Life Time Group Holdings, Inc.(b)(c) 1,270,165    23,866,400
Life Sciences Tools & Services–4.51%
Avantor, Inc.(b) 266,400     6,366,960
Charles River Laboratories International, Inc.(b) 86,040    20,929,230
Danaher Corp. 178,560    47,207,693
Mettler-Toledo International, Inc.(b) 24,930    38,215,695
      112,719,578
Managed Health Care–1.80%
UnitedHealth Group, Inc. 90,000    44,927,100
Movies & Entertainment–1.84%
IMAX Corp.(b)(c) 446,400     7,588,800
Netflix, Inc.(b) 108,450    38,376,117
      45,964,917
Oil & Gas Equipment & Services–1.82%
Schlumberger Ltd. 454,500    25,897,410
TechnipFMC PLC (United Kingdom)(b) 1,409,600    19,579,344
      45,476,754
Oil & Gas Exploration & Production–0.87%
Chord Energy Corp. 82,530    11,829,025
Denbury, Inc.(b) 113,400     9,840,852
      21,669,877
Oil & Gas Refining & Marketing–0.24%
Valero Energy Corp. 43,061     6,029,832
  Shares Value
Pharmaceuticals–2.51%
Bayer AG (Germany) 687,600    $42,649,890
Eli Lilly and Co. 58,580    20,160,307
      62,810,197
Regional Banks–0.58%
SVB Financial Group(b) 47,616    14,400,983
Semiconductor Equipment–0.52%
ASML Holding N.V., New York Shares (Netherlands) 19,565    12,929,335
Semiconductors–7.31%
Advanced Micro Devices, Inc.(b) 457,920    34,412,688
Broadcom, Inc. 32,670    19,112,277
First Solar, Inc.(b) 40,500     7,192,800
Monolithic Power Systems, Inc. 72,540    30,942,662
NVIDIA Corp. 466,830    91,204,577
      182,865,004
Soft Drinks–1.13%
Monster Beverage Corp.(b) 271,800    28,288,944
Specialized REITs–2.43%
EPR Properties 1,286,100    54,633,528
SBA Communications Corp., Class A 20,520     6,105,316
      60,738,844
Specialty Chemicals–0.07%
Danimer Scientific, Inc.(b)(c) 729,000     1,662,120
Systems Software–9.16%
Microsoft Corp. 723,060   179,181,498
ServiceNow, Inc.(b) 109,620    49,891,351
      229,072,849
Technology Hardware, Storage & Peripherals–4.74%
Apple, Inc. 821,402   118,520,095
Trading Companies & Distributors–0.86%
Fastenal Co. 202,500    10,236,375
United Rentals, Inc.(b) 25,830    11,389,738
      21,626,113
Trucking–0.49%
Lyft, Inc., Class A(b)(c) 757,800    12,314,250
Wireless Telecommunication Services–0.47%
T-Mobile US, Inc.(b) 78,300    11,690,973
Total Common Stocks & Other Equity Interests (Cost $1,771,770,971) 2,494,349,628
Money Market Funds–0.42%
Invesco Government & Agency Portfolio, Institutional Class, 4.30%(e)(f) 3,648,484     3,648,485
Invesco Liquid Assets Portfolio, Institutional Class, 4.48%(e)(f) 2,665,422     2,666,221
Invesco Treasury Portfolio, Institutional Class, 4.30%(e)(f) 4,169,697     4,169,697
Total Money Market Funds (Cost $10,483,982) 10,484,403
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.12% (Cost $1,782,254,953)     2,504,834,031
See accompanying notes which are an integral part of this schedule.
Invesco Summit Fund
  Shares Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–3.35%
Invesco Private Government Fund, 4.36%(e)(f)(g) 23,449,737    $23,449,737
Invesco Private Prime Fund, 4.59%(e)(f)(g) 60,291,968    60,310,055
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $83,758,769) 83,759,792
TOTAL INVESTMENTS IN SECURITIES–103.47% (Cost $1,866,013,722) 2,588,593,823
OTHER ASSETS LESS LIABILITIES—(3.47)% (86,710,245)
NET ASSETS–100.00% $2,501,883,578
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) Non-income producing security.
(c) All or a portion of this security was out on loan at January 31, 2023.
(d) 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 value of this security at January 31, 2023 represented less than 1% of the Fund’s Net Assets.
(e) 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 three months ended January 31, 2023.
    
  Value
October 31, 2022 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation
(Depreciation) 		Realized
Gain 		Value
January 31, 2023 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $10,299,580 $41,597,752 $(48,248,847) $- $- $3,648,485 $101,749
Invesco Liquid Assets Portfolio, Institutional Class 7,417,590 29,712,680 (34,463,462) (1,161) 575 2,666,221 76,655
Invesco Treasury Portfolio, Institutional Class 11,770,948 47,540,288 (55,141,539) - - 4,169,697 116,327
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 29,567,684 78,065,831 (84,183,778) - - 23,449,737 258,464*
Invesco Private Prime Fund 84,109,480 182,423,640 (206,248,902) 713 25,124 60,310,055 709,865*
Total $143,165,282 $379,340,191 $(428,286,528) $(448) $25,699 $94,244,195 $1,263,060
    
* 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.
    
(f) The rate shown is the 7-day SEC standardized yield as of January 31, 2023.
(g) 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 Summit 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        
Common Stocks & Other Equity Interests $2,334,102,450 $160,247,178 $— $2,494,349,628
Money Market Funds 10,484,403 83,759,792 — 94,244,195
Total Investments $2,344,586,853 $244,006,970 $— $2,588,593,823
Invesco Summit Fund