Schedule of Investments(a)
January 31, 2023
(Unaudited)
  Shares Value
Common Stocks & Other Equity Interests–99.00%
Advertising–0.59%
Interpublic Group of Cos., Inc. (The) 179,981     $6,562,107
Aerospace & Defense–2.11%
Howmet Aerospace, Inc. 266,330    10,836,968
Raytheon Technologies Corp. 127,516    12,732,472
      23,569,440
Agricultural & Farm Machinery–0.94%
Deere & Co. 24,887    10,523,219
Air Freight & Logistics–1.38%
United Parcel Service, Inc., Class B 82,813    15,339,452
Apparel Retail–0.80%
Ross Stores, Inc. 75,188     8,886,470
Application Software–1.77%
Manhattan Associates, Inc.(b) 45,208     5,893,315
Paylocity Holding Corp.(b) 27,739     5,777,756
Synopsys, Inc.(b) 22,866     8,088,848
      19,759,919
Auto Parts & Equipment–0.27%
Mobileye Global, Inc., Class A (Israel)(b) 77,578     2,994,511
Automotive Retail–1.16%
AutoZone, Inc.(b) 5,324    12,984,438
Biotechnology–1.08%
Gilead Sciences, Inc. 143,362    12,033,806
Communications Equipment–1.30%
Motorola Solutions, Inc. 56,362    14,485,598
Construction Materials–1.33%
Vulcan Materials Co. 80,797    14,812,514
Consumer Finance–1.21%
Capital One Financial Corp. 112,993    13,446,167
Data Processing & Outsourced Services–2.63%
Mastercard, Inc., Class A 79,010    29,281,106
Distillers & Vintners–0.62%
Constellation Brands, Inc., Class A 29,774     6,893,277
Diversified Banks–2.52%
JPMorgan Chase & Co. 200,942    28,123,842
Diversified Metals & Mining–0.49%
Compass Minerals International, Inc. 116,632     5,442,049
Electrical Components & Equipment–1.66%
Generac Holdings, Inc.(b) 48,496     5,848,618
Hubbell, Inc. 55,273    12,652,542
      18,501,160
Environmental & Facilities Services–0.75%
Waste Connections, Inc. 63,267     8,408,184
  Shares Value
Fertilizers & Agricultural Chemicals–0.58%
Mosaic Co. (The) 129,761     $6,428,360
Financial Exchanges & Data–1.28%
Intercontinental Exchange, Inc. 132,750    14,277,263
Gas Utilities–0.84%
ONE Gas, Inc. 100,292     8,260,049
Suburban Propane Partners L.P. 67,222     1,060,763
      9,320,812
General Merchandise Stores–1.08%
Dollar General Corp. 51,730    12,084,128
Health Care Equipment–0.98%
Zimmer Biomet Holdings, Inc. 86,099    10,963,847
Health Care Facilities–1.55%
HCA Healthcare, Inc. 32,114     8,191,318
Tenet Healthcare Corp.(b) 165,867     9,097,805
      17,289,123
Home Improvement Retail–0.97%
Lowe’s Cos., Inc. 51,781    10,783,393
Homebuilding–0.60%
D.R. Horton, Inc. 68,038     6,714,670
Hotels, Resorts & Cruise Lines–1.13%
Airbnb, Inc., Class A(b) 57,378     6,375,269
Wyndham Hotels & Resorts, Inc. 80,882     6,269,164
      12,644,433
Household Products–1.68%
Procter & Gamble Co. (The) 131,440    18,714,427
Human Resource & Employment Services–0.50%
Korn Ferry 104,204     5,625,974
Industrial Conglomerates–0.95%
Honeywell International, Inc. 50,609    10,550,964
Industrial Machinery–0.55%
Lincoln Electric Holdings, Inc. 36,816     6,143,486
Industrial REITs–2.11%
First Industrial Realty Trust, Inc. 111,083     5,926,278
Prologis, Inc. 135,801    17,556,353
      23,482,631
Insurance Brokers–1.17%
Arthur J. Gallagher & Co. 66,758    13,065,876
Integrated Oil & Gas–2.67%
Exxon Mobil Corp. 256,676    29,776,983
Integrated Telecommunication Services–1.62%
Deutsche Telekom AG (Germany) 283,587     6,309,189
Verizon Communications, Inc. 283,433    11,782,310
      18,091,499
 
See accompanying notes which are an integral part of this schedule.
Invesco Main Street All Cap Fund®
  Shares Value
Interactive Home Entertainment–0.59%
Electronic Arts, Inc. 51,352     $6,607,975
Interactive Media & Services–4.72%
Alphabet, Inc., Class A(b) 268,979    26,585,884
Meta Platforms, Inc., Class A(b) 175,040    26,075,709
      52,661,593
Internet & Direct Marketing Retail–4.02%
Amazon.com, Inc.(b) 434,052    44,763,783
Internet Services & Infrastructure–0.55%
Snowflake, Inc., Class A(b) 39,023     6,104,758
Investment Banking & Brokerage–2.19%
Charles Schwab Corp. (The) 86,008     6,658,739
Raymond James Financial, Inc. 157,905    17,806,947
      24,465,686
IT Consulting & Other Services–0.92%
Amdocs Ltd. 111,011    10,205,241
Life Sciences Tools & Services–0.43%
Repligen Corp.(b) 25,659     4,754,613
Managed Health Care–3.90%
Molina Healthcare, Inc.(b) 33,873    10,562,618
UnitedHealth Group, Inc. 66,042    32,967,506
      43,530,124
Movies & Entertainment–1.53%
Netflix, Inc.(b) 48,352    17,109,839
Multi-Utilities–1.08%
WEC Energy Group, Inc. 128,671    12,093,787
Office REITs–0.51%
Alexandria Real Estate Equities, Inc. 35,153     5,650,493
Oil & Gas Exploration & Production–2.44%
APA Corp. 172,366     7,640,985
Chesapeake Energy Corp.(c) 66,319     5,751,183
CNX Resources Corp.(b)(c) 348,248     5,826,189
Marathon Oil Corp. 292,127     8,024,729
      27,243,086
Pharmaceuticals–5.89%
AstraZeneca PLC, ADR (United Kingdom) 229,119    14,977,509
Bristol-Myers Squibb Co. 144,721    10,513,981
Catalent, Inc.(b) 120,654     6,461,022
Eli Lilly and Co. 41,805    14,387,191
Johnson & Johnson 117,949    19,275,225
      65,614,928
Property & Casualty Insurance–1.45%
Allstate Corp. (The) 125,838    16,166,408
Railroads–0.74%
Union Pacific Corp. 40,393     8,247,847
Regional Banks–2.36%
Columbia Banking System, Inc. 52,163     1,612,358
East West Bancorp, Inc. 110,405     8,669,001
First Citizens BancShares, Inc., Class A 10,731     8,345,284
  Shares Value
Regional Banks–(continued)
SVB Financial Group(b) 25,337     $7,662,922
      26,289,565
Restaurants–0.99%
Starbucks Corp. 100,973    11,020,193
Retail REITs–0.55%
Kimco Realty Corp. 274,517     6,165,652
Semiconductor Equipment–1.41%
Applied Materials, Inc. 140,892    15,708,049
Semiconductors–4.29%
Advanced Micro Devices, Inc.(b) 142,937    10,741,715
NVIDIA Corp. 149,381    29,184,566
QUALCOMM, Inc. 59,647     7,945,577
      47,871,858
Soft Drinks–2.59%
Coca-Cola Co. (The) 256,607    15,735,141
Coca-Cola Consolidated, Inc. 5,401     2,737,119
PepsiCo, Inc. 60,551    10,355,432
      28,827,692
Specialty Stores–0.48%
Bath & Body Works, Inc. 115,241     5,302,239
Systems Software–7.45%
Microsoft Corp. 296,777    73,544,309
VMware, Inc., Class A(b) 78,009     9,553,762
      83,098,071
Technology Hardware, Storage & Peripherals–5.05%
Apple, Inc. 390,339    56,322,014
Total Common Stocks & Other Equity Interests (Cost $833,803,994) 1,103,830,622
Money Market Funds–0.28%
Invesco Government & Agency Portfolio, Institutional Class, 4.30%(d)(e) 1,081,324     1,081,324
Invesco Liquid Assets Portfolio, Institutional Class, 4.48%(d)(e) 772,649       772,881
Invesco Treasury Portfolio, Institutional Class, 4.30%(d)(e) 1,235,799     1,235,799
Total Money Market Funds (Cost $3,089,850) 3,090,004
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.28% (Cost $836,893,844)     1,106,920,626
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.99%
Invesco Private Government Fund, 4.36%(d)(e)(f) 3,073,638     3,073,638
Invesco Private Prime Fund, 4.59%(d)(e)(f) 7,903,358     7,905,729
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $10,979,322) 10,979,367
TOTAL INVESTMENTS IN SECURITIES–100.27% (Cost $847,873,166) 1,117,899,993
OTHER ASSETS LESS LIABILITIES—(0.27)% (2,967,002)
NET ASSETS–100.00% $1,114,932,991
See accompanying notes which are an integral part of this schedule.
Invesco Main Street All Cap Fund®
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) 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 $9,930,667 $5,188,539 $(14,037,882) $- $- $1,081,324 $37,103
Invesco Liquid Assets Portfolio, Institutional Class 7,093,550 3,706,099 (10,027,058) (2) 292 772,881 26,148
Invesco Treasury Portfolio, Institutional Class 11,349,333 5,929,759 (16,043,293) - - 1,235,799 40,695
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund 9,076,122 35,110,227 (41,112,711) - - 3,073,638 77,318*
Invesco Private Prime Fund 23,431,130 67,785,785 (83,321,200) 45 9,969 7,905,729 223,421*
Total $60,880,802 $117,720,409 $(164,542,144) $43 $10,261 $14,069,371 $404,685
    
* 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, 2023.
(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 All Cap 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 $1,097,521,433 $6,309,189 $— $1,103,830,622
Money Market Funds 3,090,004 10,979,367 — 14,069,371
Total Investments $1,100,611,437 $17,288,556 $— $1,117,899,993
Invesco Main Street All Cap Fund®