Schedule of Investments(a)  
May 31, 2025
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests–97.49%
Advertising–0.21%
Trade Desk, Inc. (The), Class A(b)
3,847
$289,371
Aerospace & Defense–0.35%
Axon Enterprise, Inc.(b)
651
488,484
Apparel Retail–0.28%
Ross Stores, Inc.
2,805
392,952
Apparel, Accessories & Luxury Goods–0.22%
lululemon athletica, inc.(b)
979
310,020
Application Software–8.02%
Adobe, Inc.(b)
3,705
1,537,909
ANSYS, Inc.(b)
752
248,777
AppLovin Corp., Class A(b)
2,630
1,033,590
Atlassian Corp., Class A(b)
1,394
289,436
Autodesk, Inc.(b)
1,828
541,307
Cadence Design Systems, Inc.(b)
2,331
669,160
Datadog, Inc., Class A(b)
2,697
317,922
Intuit, Inc.
2,386
1,797,779
MicroStrategy, Inc., Class A(b)(c)
2,021
745,870
Palantir Technologies, Inc., Class A(b)
19,192
2,529,122
Roper Technologies, Inc.
913
520,657
Synopsys, Inc.(b)
1,315
610,134
Workday, Inc., Class A(b)
1,820
450,832
 
 
11,292,495
Automobile Manufacturers–3.10%
Tesla, Inc.(b)
12,607
4,367,821
Automotive Retail–0.47%
O’Reilly Automotive, Inc.(b)
487
665,972
Biotechnology–2.89%
Amgen, Inc.
4,579
1,319,576
Biogen, Inc.(b)
1,243
161,329
Gilead Sciences, Inc.
10,641
1,171,361
Regeneron Pharmaceuticals, Inc.
920
451,058
Vertex Pharmaceuticals, Inc.(b)
2,189
967,648
 
 
4,070,972
Broadline Retail–6.53%
Amazon.com, Inc.(b)
36,758
7,535,758
MercadoLibre, Inc. (Brazil)(b)
431
1,104,778
PDD Holdings, Inc., ADR (China)(b)
5,679
548,080
 
 
9,188,616
Cable & Satellite–1.13%
Charter Communications, Inc.,
Class A(b)
1,207
478,298
Comcast Corp., Class A
32,156
1,111,633
 
 
1,589,931
Cargo Ground Transportation–0.21%
Old Dominion Freight Line, Inc.
1,807
289,427
 
Shares
Value
Communications Equipment–1.52%
Cisco Systems, Inc.
33,948
$2,140,082
Construction Machinery & Heavy Transportation Equipment–
0.30%
PACCAR, Inc.
4,462
418,759
Consumer Staples Merchandise Retail–2.80%
Costco Wholesale Corp.
3,787
3,939,162
Diversified Support Services–0.85%
Cintas Corp.
3,443
779,839
Copart, Inc.(b)(c)
8,214
422,857
 
 
1,202,696
Electric Utilities–1.42%
American Electric Power Co., Inc.(c)
4,534
469,224
Constellation Energy Corp.
2,660
814,359
Exelon Corp.
8,547
374,530
Xcel Energy, Inc.
4,885
342,438
 
 
2,000,551
Health Care Equipment–1.84%
DexCom, Inc.(b)
3,323
285,113
GE HealthCare Technologies, Inc.
3,888
274,259
IDEXX Laboratories, Inc.(b)
686
352,165
Intuitive Surgical, Inc.(b)
3,043
1,680,771
 
 
2,592,308
Hotels, Resorts & Cruise Lines–1.88%
Airbnb, Inc., Class A(b)
3,681
474,849
Booking Holdings, Inc.
280
1,545,300
Marriott International, Inc., Class A
2,344
618,418
 
 
2,638,567
Human Resource & Employment Services–1.15%
Automatic Data Processing, Inc.
3,465
1,127,961
Paychex, Inc.(c)
3,061
483,363
 
 
1,611,324
Industrial Conglomerates–0.89%
Honeywell International, Inc.
5,539
1,255,525
Industrial Gases–1.34%
Linde PLC
4,035
1,886,685
Interactive Home Entertainment–0.46%
Electronic Arts, Inc.
2,201
316,460
Take-Two Interactive Software, Inc.(b)
1,491
337,383
 
 
653,843
Interactive Media & Services–8.31%
Alphabet, Inc., Class A
20,231
3,474,472
Alphabet, Inc., Class C
19,066
3,295,558
Meta Platforms, Inc., Class A
7,596
4,918,334
 
 
11,688,364
Internet Services & Infrastructure–0.79%
Shopify, Inc., Class A (Canada)(b)
10,363
1,111,121
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ 100 Index Fund
 
Shares
Value
IT Consulting & Other Services–0.24%
Cognizant Technology Solutions Corp.,
Class A
4,205
$340,563
Movies & Entertainment–3.28%
Netflix, Inc.(b)
3,650
4,406,390
Warner Bros. Discovery, Inc.(b)
20,820
207,575
 
 
4,613,965
Oil & Gas Equipment & Services–0.22%
Baker Hughes Co., Class A
8,418
311,887
Oil & Gas Exploration & Production–0.23%
Diamondback Energy, Inc.
2,446
329,109
Packaged Foods & Meats–0.72%
Kraft Heinz Co. (The)
10,160
271,577
Mondelez International, Inc., Class A(c)
10,998
742,255
 
 
1,013,832
Pharmaceuticals–0.25%
AstraZeneca PLC, ADR (United Kingdom)
4,916
358,032
Rail Transportation–0.36%
CSX Corp.
16,109
508,883
Real Estate Services–0.18%
CoStar Group, Inc.(b)(c)
3,487
256,504
Research & Consulting Services–0.27%
Verisk Analytics, Inc.
1,193
374,769
Restaurants–1.07%
DoorDash, Inc., Class A(b)
3,354
699,812
Starbucks Corp.
9,658
810,789
 
 
1,510,601
Semiconductor Materials & Equipment–2.41%
Applied Materials, Inc.(c)
6,927
1,085,807
ASML Holding N.V., New York Shares
(Netherlands)
769
566,576
KLA Corp.
1,130
855,275
Lam Research Corp.
10,914
881,742
 
 
3,389,400
Semiconductors–18.73%
Advanced Micro Devices, Inc.(b)
13,828
1,531,174
Analog Devices, Inc.
4,217
902,354
ARM Holdings PLC, ADR(b)(c)
1,119
139,360
Broadcom, Inc.
26,890
6,509,262
GLOBALFOUNDRIES, Inc.(b)
4,675
167,365
Intel Corp.
36,816
719,753
Marvell Technology, Inc.
7,357
442,818
Microchip Technology, Inc.
4,596
266,752
Micron Technology, Inc.
9,473
894,820
NVIDIA Corp.
84,633
11,436,457
NXP Semiconductors N.V. (Netherlands)
2,156
412,076
ON Semiconductor Corp.(b)
3,577
150,305
QUALCOMM, Inc.
9,424
1,368,365
Texas Instruments, Inc.
7,756
1,418,185
 
 
26,359,046
 
Shares
Value
Soft Drinks & Non-alcoholic Beverages–2.00%
Coca-Cola Europacific Partners PLC (United
Kingdom)
3,919
$359,725
Keurig Dr Pepper, Inc.
11,536
388,417
Monster Beverage Corp.(b)
8,274
529,122
PepsiCo, Inc.
11,703
1,538,360
 
 
2,815,624
Systems Software–10.60%
CrowdStrike Holdings, Inc., Class A(b)
1,988
937,084
Fortinet, Inc.(b)
6,563
667,982
Microsoft Corp.
25,784
11,869,922
Palo Alto Networks, Inc.(b)(c)
5,629
1,083,132
Zscaler, Inc.(b)(c)
1,305
359,789
 
 
14,917,909
Technology Distributors–0.14%
CDW Corp.
1,121
202,184
Technology Hardware, Storage & Peripherals–7.44%
Apple, Inc.(d)
52,105
10,465,289
Trading Companies & Distributors–0.29%
Fastenal Co.
9,752
403,148
Transaction & Payment Processing Services–0.42%
PayPal Holdings, Inc.(b)
8,411
591,125
Wireless Telecommunication Services–1.68%
T-Mobile US, Inc.
9,744
2,359,997
Total Common Stocks & Other Equity Interests
(Cost $108,664,369)
137,206,915
Money Market Funds–3.13%
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(e)(f)
1,542,893
1,542,893
Invesco Treasury Portfolio, Institutional Class,
4.22%(e)(f)
2,865,359
2,865,359
Total Money Market Funds (Cost $4,408,252)
4,408,252
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with
cash collateral from securities on
loan)-100.62%
(Cost $113,072,621)
 
141,615,167
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–2.32%
Invesco Private Government Fund,
4.29%(e)(f)(g)
904,174
904,174
Invesco Private Prime Fund, 4.45%(e)(f)(g)
2,367,085
2,367,559
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $3,271,733)
3,271,733
TOTAL INVESTMENTS IN SECURITIES–102.94%
(Cost $116,344,354)
144,886,900
OTHER ASSETS LESS LIABILITIES—(2.94)%
(4,144,494
)
NET ASSETS–100.00%
$140,742,406
Investment Abbreviations: 
ADR
– American Depositary Receipt
See accompanying notes which are an integral part of this schedule.
Invesco NASDAQ 100 Index Fund
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 May 31, 2025.
(d)
All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts.
(e)
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 May 31, 2025.
 
 
Value
August 31, 2024
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
May 31, 2025
Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional
Class
$958,513
$10,136,908
$(9,552,528)
$-
$-
$1,542,893
$37,147
Invesco Treasury Portfolio, Institutional Class
1,780,075
18,825,686
(17,740,402)
-
-
2,865,359
68,372
Investments Purchased with Cash Collateral from
Securities on Loan:
Invesco Private Government Fund
282,641
32,106,120
(31,484,587)
-
-
904,174
39,172*
Invesco Private Prime Fund
739,081
71,750,551
(70,121,541)
(24)
(508)
2,367,559
103,352*
Total
$3,760,310
$132,819,265
$(128,899,058)
$(24)
$(508)
$7,679,985
$248,043
 
*
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 May 31, 2025.
(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.
 
Open Futures Contracts
Long Futures Contracts
Number of
Contracts
Expiration
Month
Notional
Value
Value
Unrealized
Appreciation
Equity Risk
Micro E-Mini Nasdaq 100 Index
95
June-2025
$4,061,583
$267,581
$267,581
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 NASDAQ 100 Index Fund
Notes to Quarterly Schedule of Portfolio Holdings
May 31, 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 May 31, 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
$137,206,915
$—
$—
$137,206,915
Money Market Funds
4,408,252
3,271,733
—
7,679,985
Total Investments in Securities
141,615,167
3,271,733
—
144,886,900
Other Investments - Assets*
Futures Contracts
267,581
—
—
267,581
Total Investments
$141,882,748
$3,271,733
$—
$145,154,481
 
*
Unrealized appreciation.
Invesco NASDAQ 100 Index Fund