0001752724-20-049761.txt : 20200316 0001752724-20-049761.hdr.sgml : 20200316 20200316114434 ACCESSION NUMBER: 0001752724-20-049761 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200316 DATE AS OF CHANGE: 20200316 EFFECTIVENESS DATE: 20200316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Exchange Fund CENTRAL INDEX KEY: 0000005100 IRS NUMBER: 741908071 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-02611 FILM NUMBER: 20715955 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 1000 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Van Kampen Exchange Fund DATE OF NAME CHANGE: 20100601 FORMER COMPANY: FORMER CONFORMED NAME: VAN KAMPEN EXCHANGE FUND DATE OF NAME CHANGE: 20030731 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN CAPITAL EXCHANGE FUND DATE OF NAME CHANGE: 19920703 0000005100 S000012144 INVESCO EXCHANGE FUND C000033111 INVESCO EXCHANGE FUND N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000005100 XXXXXXXX 811-02611 N-1A S000012144 C000033111 Invesco Exchange Fund 811-02611 0000005100 549300RMEMIEFZ9DKD86 11 GREENWAY PLAZA Suite 1000 Houston 77046-1173 US-TX US 800-959-4246 Invesco Advisers, Inc. 11 Greenway Plaza Suite 1000 Houston 77046 713-626-1919 CERTAIN FINANCIAL, PORTFOLIO MANAGEMENT AND CLIENT-RELATED RECORDS. N N N-1A 1 N Bruce L. Crockett N/A N Eli Jones N/A N Daniel S. Vandivort N/A N Teresa M. Ressel N/A N Beth Ann Brown N/A N Anthony J. LaCava, Jr. N/A N Joel W. Motley N/A N Elizabeth Krentzman N/A N Prema Mathai-Davis N/A N James D. Vaughn N/A N Jack M. Fields N/A N Christopher L. Wilson N/A N David C. Arch N/A N Cynthia Hostetler N/A N Ann Barnett Stern N/A N Martin L. Flanagan N/A Y Robert C. Troccoli N/A N Robert R. Leveille 005305652 1555 Peachtreet Street NE Atlanta 30309 XXXXXX N N N N N N Invesco Distributors, Inc. 8-21323 000007369 N/A Y N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N 2019-05-28 A new valuation agent/pricing vendor, Milliman, Inc. added as the primary source for private Insurance Linked Securities Debt private insurance-linked N/A N N Invesco Exchange Fund S000012144 549300RMEMIEFZ9DKD86 N 1 0 0 N/A N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y N N Invesco Advisers, Inc. 801-33949 000105360 O37NHJVF7S22I1ONOU83 N Invesco Asset Management Deutschland GmbH 801-67712 000143238 3KKEJBV1JS71T2N3LP71 Y DE N Invesco Hong Kong Ltd. 801-47856 000109923 5493001YEU7254KG2F83 Y HK N Invesco Asset Management (India) Private Ltd. 801-108727 000285620 549300WT9XZOUYZ46G54 Y IN N Invesco Capital Management LLC 801-61851 000125601 EJW8VXOT5RJ3PPMVEB49 Y N Invesco Canada Ltd. 801-62166 000126572 9F443AVI6KXI3MYCLS29 Y CA N Invesco Asset Management (Japan) Ltd. 801-52601 000107155 549300W1HDJZN5BPMH02 Y JP N Invesco Senior Secured Management, Inc. 801-38119 000107590 3FYT3RWGZKJBHC3GB850 Y N Invesco Asset Management Ltd. 801-50197 000109985 X87LBO0OFEU7S3WI0T57 Y GB N Invesco Investment Services, Inc. 84-5432 N/A Y N N ICE Data Services, Inc. 13-3668779 Federal Tax Identification Number N Pricing Direct, Inc. 549300WIC0TOJ7N7GD54 N Markit North America, Inc 549300HLPTRASHS0E726 N Refinitiv 20-4530702 Federal Tax Identification Number N Virtu Financial, Inc. 5493001OPW2K42CH3884 N Milliman, Inc. E26C2WHERBI2OAGBGT21 N Y Credit Suisse (Switzerland) Ltd. 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Landsbankinn hf. 549300TLZPT6JELDWM92 IS N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Kazakhstan JSC 95XXGORQK31JZP82OG22 KZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank S.A.E. 529900SICIK5OVMVY186 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank (Vietnam) Limited 213800H95OG9OHRT4Y78 VN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico S.A. 213800V7KA7C1X52FI40 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Ag, Karachi N/A PK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Anonim Sirketi CWZ8NZDH5SKY12Q4US31 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) AS SEB Pank 549300ND1MQ8SNNYMJ22 EE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Taiwan) Limited 549300QJEO1B92LSHZ06 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Czech Republic and Slovakia, a.s. KR6LSKV3BTSJRD41IF75 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG, Amsterdam N/A NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank-Maghreb S.A. 5493003FVWLMBFTISI11 MA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services, S.C.A. 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Securities LLC T6FIZBDPKLYJKFCRVK44 N N Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) HSBC SAUDI ARABIA LIMITED 2138009S6SHV5GLS7987 SA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N N Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) HSBC BANK (CHINA) CO., LTD. 2CZOJRADNJXBLT55G526 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Itau Uruguay S.A. 549300HU8OQS1VTVXN55 UY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG, Mumbai 7LTWFZYICNSX8D621K86 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Bank Namibia Limited 254900K6TJFDYKSQWV49 NA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Banka Slovenija d.d. 549300O2UN9JLME31F08 SI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Stanbic Bank Zimbabwe Limited 2549005HENFMYGRM9S10 ZW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank, Ltd. RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank of America Merrill Lynch International Limited EYKN6V0ZCB8VD9IULB80 GB N N Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Standard Chartered Bank Jordan N/A JO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank (China) Co., Ltd. IMRQEARW2X0ZMJAJ5J58 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Austria AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JSC Citibank 549300E0ROTI7ACBZH02 UA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ITAU CORPBANCA 549300DDPTTIZ06NIV06 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) AO Citibank, Moscow N/A RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Osterreich AG 549300L2WXROIO4RYU97 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) AB SEB bankas 549300SBPFE9JX7N8J82 LT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Serbia JSC 52990001O0THU00TYK59 RS N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Cititrust Colombia S.A. Sociedad Fiduciaria 549300242J3IJCOSGI49 CO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Ghana Limited 549300WFGKTC3MGDCX95 GH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bangladesh N/A BD N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Hungary Zrt. Y28RT6GGYJ696PMW8T44 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Malaysia Berhad 549300JTJBG2QBI8KD48 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Saudi British Bank 558600TQS0WENZUC5190 SA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) AS SEB banka 549300YW95G1VBBGGV07 LV N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK OMAN SAOG 213800YRPSOSH9OA2V29 OM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Zambia PLC 549300247QDZHDI30A83 ZM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (THAI) PUBLIC COMPANY LIMITED 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank International GmbH ZMHGNT7ZPKZ3UFZ8EO46 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Union Internationale de Banques 549300WKCW12LEPUMV07 TN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Co. 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Joint Stock Company Bank of Georgia 549300RPLD8RXL49Z691 GE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) China Construction Bank Corporation 5493001KQW6DM7KEDR62 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG, Manila N/A PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main 529900HNOAA1KXQJUQ27 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Privredna Banka Zagreb d.d. 549300ZHFZ4CSK7VS460 HR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Handlowy w Warszawie S.A. XLEZHWWOI4HFQDGL4793 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG Taipei 25490016G0WR60ANOK04 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Goldman Sachs & Co. FOR8UP27PHTHYVLBNG30 N N Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Standard Chartered Bank Uganda Limited 549300W7CNYGJ68XGD27 UG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe Public Limited Company N1FBEDJ5J41VKZLO2475 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Zagrebacka Banka d.d. PRNXTNXHBI0TSY1V8P17 HR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Tanzania Limited 549300RLNUU3GJS6MK84 TZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANBIC IBTC BANK PLC 029200098C3K8BI2D551 NG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Singapore Limited VGB4JDQHF6JTNV02DJ20 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank A.S. 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, N.A. E57ODZWZ7FF32TWEFA76 EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh) N/A GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STATE STREET TRUST COMPANY CANADA 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bulbank AD 549300Z7V2WOFIMUEK50 BG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Bank of South Africa QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 GB N N Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Deutsche Bank AG, Mumbai 7LTWFZYICNSX8D621K86 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) RAIFFEISEN BANK SH.A 529900XTU9H3KES1B287 AL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Citibank (Panama) S.A. N/A PA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO CITIBANK S A 1P0UUG7LC1S92QTNHG39 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco BCT S.A. 25490061PVFNGN0YMO97 CR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Botswana Limited 5493007VY27WWF8FF542 BW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG, Jakarta N/A ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Kenya Limited 549300RBHWW5EJIRG629 KE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Ceskoslovenska obchodni banka a.s. Q5BP2UEQ48R75BOTCB92 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Bank Plc 254900QSNQ05XHAZ7R36 MW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank del Peru S.A. MYTK5NHHP1G8TVFGT193 PE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N A 579100KKDGKCFFKKF005 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y N STATE STREET BANK AND TRUST CO. 571474TGEMMWANRLN572 N Y N CREDIT SUISSE SECURITIES (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 281.32000000 281.32 0.00 N 58031667.39000000 N N N N false false true false false false INTERNAL CONTROL RPT 2 Internal_Control.htm HTML

Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Invesco Exchange Fund

In planning and performing our audit of the financial statements of Invesco Exchange Fund (the “Fund”) as of and for the year ended December 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its

 

PricewaterhouseCoopers LLP, 1000 Louisiana Street, Suite 5800, Houston, TX 77002
   T: (713) 356-4000, F: (713) 356-4717, www.pwc.com/us


operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2019.

This report is intended solely for the information and use of the Board of Trustees of Invesco Exchange Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties

/s/ PricewaterhouseCoopers LLP

February 28, 2020

 

2