NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments(a)  
September 30, 2025
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests–96.84%
Aerospace & Defense–1.79%
AAR Corp.(b)
282,637
$25,344,060
ATI, Inc.(b)
186,463
15,166,900
 
 
40,510,960
Agricultural & Farm Machinery–0.54%
AGCO Corp.
114,071
12,213,582
Air Freight & Logistics–1.12%
Hub Group, Inc., Class A
736,367
25,360,480
Application Software–2.20%
Confluent, Inc., Class A(b)(c)
925,222
18,319,395
Unity Software, Inc.(b)
785,746
31,461,270
 
 
49,780,665
Asset Management & Custody Banks–2.10%
DigitalBridge Group, Inc.
1,570,721
18,377,436
Federated Hermes, Inc., Class B
560,413
29,102,247
 
 
47,479,683
Automotive Parts & Equipment–3.21%
Dorman Products, Inc.(b)
255,106
39,765,923
Visteon Corp.
273,871
32,826,178
 
 
72,592,101
Automotive Retail–2.30%
AutoNation, Inc.(b)
237,659
51,992,659
Biotechnology–5.12%
ADMA Biologics, Inc.(b)
1,989,982
29,173,136
Ascendis Pharma A/S, ADR (Denmark)(b)
116,902
23,241,287
BridgeBio Pharma, Inc.(b)(c)
417,876
21,704,480
Caris Life Sciences, Inc.(b)(c)
89,841
2,717,690
LENZ Therapeutics, Inc.(b)(c)
118,807
5,534,030
Soleno Therapeutics, Inc.(b)(c)
178,647
12,076,537
Twist Bioscience Corp.(b)(c)
474,743
13,359,268
Ultragenyx Pharmaceutical, Inc.(b)
264,992
7,970,959
 
 
115,777,387
Building Products–2.80%
Hayward Holdings, Inc.(b)
1,113,205
16,831,660
Zurn Elkay Water Solutions Corp.
987,774
46,455,011
 
 
63,286,671
Commercial & Residential Mortgage Finance–1.81%
PennyMac Financial Services, Inc.(c)
329,927
40,871,357
Construction & Engineering–0.59%
WillScot Holdings Corp.(c)
635,945
13,424,799
Construction Machinery & Heavy Transportation Equipment–
3.15%
Allison Transmission Holdings, Inc.
290,500
24,657,640
Atmus Filtration Technologies, Inc.
534,426
24,097,268
Federal Signal Corp.
188,863
22,472,809
 
 
71,227,717
 
Shares
Value
Construction Materials–0.91%
Knife River Corp.(b)(c)
268,144
$20,612,229
Diversified Banks–0.71%
Bank of N.T. Butterfield & Son Ltd. (The)
(Bermuda)
375,033
16,096,416
Diversified REITs–1.48%
Essential Properties Realty Trust, Inc.
1,121,941
33,388,964
Education Services–1.40%
Stride, Inc.(b)
212,106
31,591,068
Electric Utilities–1.12%
Portland General Electric Co.
576,700
25,374,800
Electronic Components–1.62%
Belden, Inc.
303,560
36,509,161
Electronic Equipment & Instruments–2.81%
Badger Meter, Inc.
89,520
15,986,481
Itron, Inc.(b)
248,428
30,944,192
Ralliant Corp.
380,275
16,629,426
 
 
63,560,099
Electronic Manufacturing Services–0.22%
Sanmina Corp.(b)
42,398
4,880,434
Environmental & Facilities Services–2.41%
ABM Industries, Inc.
504,399
23,262,882
Casella Waste Systems, Inc., Class A(b)
329,060
31,221,213
 
 
54,484,095
Financial Exchanges & Data–0.48%
Bullish (Cayman Islands)(b)(c)
171,880
10,933,287
Footwear–0.86%
Steven Madden Ltd.(c)
582,326
19,496,274
Gas Utilities–1.33%
Chesapeake Utilities Corp.
222,627
29,985,631
Health Care Equipment–0.86%
Integer Holdings Corp.(b)(c)
188,008
19,426,867
Health Care Facilities–1.72%
Encompass Health Corp.
186,771
23,723,652
Surgery Partners, Inc.(b)(c)
696,104
15,063,691
 
 
38,787,343
Health Care REITs–1.74%
American Healthcare REIT, Inc.
934,148
39,243,558
Health Care Services–3.23%
Addus HomeCare Corp.(b)
127,487
15,042,191
BrightSpring Health Services, Inc.(b)(c)
890,250
26,315,790
Guardant Health, Inc.(b)
506,441
31,642,434
 
 
73,000,415
Homebuilding–2.24%
Champion Homes, Inc.(b)
222,279
16,975,447
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Small Cap Fund®
 
Shares
Value
Homebuilding–(continued)
KB Home(c)
528,287
$33,620,185
 
 
50,595,632
Hotels, Resorts & Cruise Lines–0.94%
Wyndham Hotels & Resorts, Inc.(c)
264,395
21,125,161
Human Resource & Employment Services–2.26%
Korn Ferry
404,361
28,297,183
Upwork, Inc.(b)(c)
1,220,390
22,662,642
 
 
50,959,825
Industrial Machinery & Supplies & Components–4.32%
Enpro, Inc.
176,739
39,943,014
ESAB Corp.
273,482
30,558,879
Gates Industrial Corp. PLC(b)
1,095,950
27,201,479
 
 
97,703,372
Industrial REITs–1.36%
Terreno Realty Corp.
539,723
30,629,280
Investment Banking & Brokerage–1.89%
BGC Group, Inc., Class A
2,209,072
20,897,821
Stifel Financial Corp.
192,943
21,893,242
 
 
42,791,063
IT Consulting & Other Services–0.83%
ASGN, Inc.(b)
395,305
18,717,692
Life Sciences Tools & Services–1.57%
BioLife Solutions, Inc.(b)(c)
692,999
17,678,404
Repligen Corp.(b)
132,958
17,772,496
 
 
35,450,900
Metal, Glass & Plastic Containers–1.04%
Silgan Holdings, Inc.(c)
548,165
23,576,577
Oil & Gas Drilling–1.08%
Helmerich & Payne, Inc.(c)
1,107,422
24,462,952
Oil & Gas Equipment & Services–1.24%
Kodiak Gas Services, Inc.(c)
756,826
27,979,857
Oil & Gas Exploration & Production–2.01%
Northern Oil and Gas, Inc.
1,081,127
26,811,949
SM Energy Co.
743,144
18,556,306
 
 
45,368,255
Other Specialized REITs–1.05%
Outfront Media, Inc.(c)
1,300,182
23,819,334
Personal Care Products–1.42%
BellRing Brands, Inc.(b)
521,990
18,974,337
Interparfums, Inc.
134,017
13,184,592
 
 
32,158,929
Pharmaceuticals–1.54%
Collegium Pharmaceutical, Inc.(b)
351,347
12,293,631
Structure Therapeutics, Inc., ADR(b)(c)
191,979
5,375,412
Tarsus Pharmaceuticals, Inc.(b)(c)
287,020
17,057,599
 
 
34,726,642
Property & Casualty Insurance–1.47%
Definity Financial Corp. (Canada)
293,689
15,094,901
 
Shares
Value
Property & Casualty Insurance–(continued)
Skyward Specialty Insurance Group,
Inc.(b)
380,430
$18,093,251
 
 
33,188,152
Regional Banks–10.08%
Ameris Bancorp
216,209
15,850,282
Banc of California, Inc.
1,401,582
23,196,182
Beacon Financial Corp.(c)
493,270
11,695,432
Cathay General Bancorp
579,494
27,821,507
Columbia Banking System, Inc.
1,370,214
35,269,308
OceanFirst Financial Corp.
750,247
13,181,840
United Community Banks, Inc.
535,319
16,782,251
Webster Financial Corp.
461,082
27,406,714
Wintrust Financial Corp.
290,800
38,513,552
WSFS Financial Corp.
336,407
18,142,429
 
 
227,859,497
Research & Consulting Services–0.61%
CACI International, Inc., Class A(b)
27,588
13,760,343
Restaurants–1.27%
Cheesecake Factory, Inc. (The)(c)
523,056
28,579,780
Semiconductor Materials & Equipment–0.65%
MKS, Inc.
117,939
14,597,310
Semiconductors–4.27%
Allegro MicroSystems, Inc. (Japan)(b)(c)
836,590
24,428,428
Lattice Semiconductor Corp.(b)(c)
349,167
25,600,925
MACOM Technology Solutions Holdings,
Inc.(b)
195,956
24,394,562
Silicon Laboratories, Inc.(b)
167,586
21,975,552
 
 
96,399,467
Steel–1.50%
Commercial Metals Co.
591,869
33,902,256
Systems Software–0.56%
Progress Software Corp.(c)
290,218
12,749,277
Trading Companies & Distributors–0.99%
Air Lease Corp., Class A
351,819
22,393,279
Transaction & Payment Processing Services–1.02%
Marqeta, Inc., Class A(b)
2,488,473
13,139,137
Paymentus Holdings, Inc., Class A(b)
320,620
9,810,972
 
 
22,950,109
Total Common Stocks & Other Equity Interests
(Cost $1,667,741,484)
2,188,333,643
Money Market Funds–1.86%
Invesco Government & Agency Portfolio,
Institutional Class, 4.05%(d)(e)
14,009,581
14,009,581
Invesco Treasury Portfolio, Institutional
Class, 3.99%(d)(e)
28,096,479
28,096,479
Total Money Market Funds (Cost $42,106,060)
42,106,060
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased
with cash collateral from
securities on loan)-98.70%
(Cost $1,709,847,544)
 
2,230,439,703
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Small Cap Fund®
 
Shares
Value
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–9.65%
Invesco Private Government Fund,
4.14%(d)(e)(f)
58,573,354
$58,573,354
Invesco Private Prime Fund,
4.26%(d)(e)(f)
159,517,993
159,565,848
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $218,137,281)
218,139,202
TOTAL INVESTMENTS IN SECURITIES–108.35%
(Cost $1,927,984,825)
2,448,578,905
OTHER ASSETS LESS LIABILITIES—(8.35)%
(188,755,259
)
NET ASSETS–100.00%
$2,259,823,646
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 September 30, 2025.
(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 nine months ended September 30, 2025.
 
 
Value
December 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
September 30, 2025
Dividend Income
Investments in Affiliated Money Market
Funds:
Invesco Government & Agency Portfolio,
Institutional Class
$6,728,218
$168,308,906
$(161,027,543)
$-
$-
$14,009,581
$401,599
Invesco Treasury Portfolio, Institutional
Class
14,573,949
312,573,682
(299,051,152)
-
-
28,096,479
805,259
Investments Purchased with Cash
Collateral from Securities on Loan:
Invesco Private Government Fund
71,355,058
361,980,091
(374,761,795)
-
-
58,573,354
1,937,813*
Invesco Private Prime Fund
185,809,900
701,129,940
(727,377,262)
1,921
1,349
159,565,848
5,240,080*
Total
$278,467,125
$1,543,992,619
$(1,562,217,752)
$1,921
$1,349
$260,245,262
$8,384,751
 
*
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 September 30, 2025.
(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 Main Street Small Cap Fund®
Notes to Quarterly Schedule of Portfolio Holdings
September 30, 2025
(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. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
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 September 30, 2025. 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
$2,188,333,643
$—
$—
$2,188,333,643
Money Market Funds
42,106,060
218,139,202
—
260,245,262
Total Investments
$2,230,439,703
$218,139,202
$—
$2,448,578,905
Invesco Main Street Small Cap Fund®