|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.85%
|
|||
|
Communication Services-4.28%
|
|||
|
Alphabet, Inc., Class A
|
|
424
|
$72,818
|
|
Alphabet, Inc., Class C
|
|
344
|
59,460
|
|
AT&T, Inc.
|
|
4,343
|
120,735
|
|
Interpublic Group of Cos., Inc. (The)
|
|
4,893
|
117,236
|
|
News Corp., Class A
|
|
3,356
|
94,774
|
|
News Corp., Class B(b)
|
|
993
|
32,491
|
|
Omnicom Group, Inc.
|
|
1,586
|
116,476
|
|
Paramount Global, Class B
|
|
10,627
|
128,587
|
|
Take-Two Interactive Software, Inc.(c)
|
|
552
|
124,907
|
|
Walt Disney Co. (The)
|
|
1,360
|
153,734
|
|
|
|
|
1,021,218
|
|
Consumer Discretionary-11.61%
|
|||
|
Aptiv PLC (Jersey)(c)
|
|
2,240
|
149,654
|
|
Best Buy Co., Inc.
|
|
1,842
|
122,088
|
|
Carnival Corp.(c)
|
|
6,611
|
153,508
|
|
D.R. Horton, Inc.
|
|
945
|
111,567
|
|
Deckers Outdoor Corp.(c)
|
|
1,105
|
116,600
|
|
eBay, Inc.
|
|
1,741
|
127,389
|
|
Expedia Group, Inc.
|
|
781
|
130,232
|
|
General Motors Co.
|
|
2,576
|
127,795
|
|
Hasbro, Inc.(b)
|
|
2,219
|
148,030
|
|
Hilton Worldwide Holdings, Inc.
|
|
555
|
137,884
|
|
Lowe’s Cos., Inc.
|
|
532
|
120,088
|
|
Marriott International, Inc., Class A
|
|
528
|
139,302
|
|
NIKE, Inc., Class B
|
|
2,038
|
123,482
|
|
Norwegian Cruise Line Holdings Ltd.(c)
|
|
7,122
|
125,703
|
|
Ralph Lauren Corp.
|
|
556
|
153,906
|
|
Royal Caribbean Cruises Ltd.
|
|
600
|
154,182
|
|
Starbucks Corp.
|
|
1,416
|
118,873
|
|
Tractor Supply Co.(b)
|
|
2,306
|
111,610
|
|
Ulta Beauty, Inc.(b)(c)
|
|
314
|
148,039
|
|
Williams-Sonoma, Inc.
|
|
830
|
134,261
|
|
Yum! Brands, Inc.
|
|
814
|
117,167
|
|
|
|
|
2,771,360
|
|
Consumer Staples-7.16%
|
|||
|
Colgate-Palmolive Co.
|
|
1,198
|
111,342
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
2,101
|
140,641
|
|
General Mills, Inc.
|
|
1,983
|
107,597
|
|
Hershey Co. (The)
|
|
687
|
110,394
|
|
Kellanova
|
|
1,382
|
114,195
|
|
Kenvue, Inc.
|
|
5,135
|
122,572
|
|
Keurig Dr Pepper, Inc.(b)
|
|
3,237
|
108,990
|
|
Kraft Heinz Co. (The)
|
|
3,819
|
102,082
|
|
McCormick & Co., Inc.
|
|
1,531
|
111,349
|
|
Mondelez International, Inc., Class A(b)
|
|
1,686
|
113,788
|
|
PepsiCo, Inc.
|
|
806
|
105,949
|
|
Target Corp.
|
|
1,218
|
114,504
|
|
The Campbell’s Company(b)
|
|
3,043
|
103,584
|
|
Walgreens Boots Alliance, Inc.(b)
|
|
10,519
|
118,339
|
|
Walmart, Inc.
|
|
1,236
|
122,018
|
|
|
|
|
1,707,344
|
|
Financials-15.72%
|
|||
|
Aflac, Inc.(b)
|
|
1,088
|
112,652
|
|
Allstate Corp. (The)
|
|
605
|
126,971
|
|
American Express Co.
|
|
468
|
137,615
|
|
American International Group, Inc.
|
|
1,440
|
121,882
|
|
Aon PLC, Class A
|
|
321
|
119,438
|
|
Assurant, Inc.
|
|
620
|
125,848
|
|
Bank of America Corp.
|
|
3,097
|
136,671
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Bank of New York Mellon Corp. (The)(b)
|
|
1,543
|
$136,725
|
|
Cboe Global Markets, Inc.
|
|
528
|
120,975
|
|
Fidelity National Information Services, Inc.
|
|
1,491
|
118,698
|
|
Fifth Third Bancorp
|
|
3,430
|
130,992
|
|
Hartford Insurance Group, Inc. (The)
|
|
999
|
129,710
|
|
Huntington Bancshares, Inc.
|
|
8,486
|
132,636
|
|
Intercontinental Exchange, Inc.(b)
|
|
737
|
132,513
|
|
M&T Bank Corp.
|
|
728
|
132,962
|
|
Mastercard, Inc., Class A
|
|
226
|
132,346
|
|
MetLife, Inc.
|
|
1,628
|
127,928
|
|
Moody’s Corp.
|
|
278
|
133,251
|
|
Morgan Stanley
|
|
1,075
|
137,632
|
|
MSCI, Inc.
|
|
214
|
120,700
|
|
Nasdaq, Inc.
|
|
1,618
|
135,168
|
|
Northern Trust Corp.
|
|
1,315
|
140,363
|
|
PayPal Holdings, Inc.(c)
|
|
1,898
|
133,391
|
|
Principal Financial Group, Inc.
|
|
1,629
|
126,883
|
|
Prudential Financial, Inc.
|
|
1,179
|
122,486
|
|
Regions Financial Corp.
|
|
5,988
|
128,383
|
|
S&P Global, Inc.
|
|
255
|
130,779
|
|
State Street Corp.
|
|
1,417
|
136,429
|
|
Visa, Inc., Class A
|
|
357
|
130,373
|
|
|
|
|
3,752,400
|
|
Health Care-12.00%
|
|||
|
Abbott Laboratories
|
|
876
|
117,016
|
|
AbbVie, Inc.
|
|
667
|
124,135
|
|
Agilent Technologies, Inc.
|
|
1,142
|
127,813
|
|
Baxter International, Inc.
|
|
3,988
|
121,634
|
|
Becton, Dickinson and Co.
|
|
581
|
100,275
|
|
Biogen, Inc.(c)
|
|
980
|
127,194
|
|
Boston Scientific Corp.(c)
|
|
1,221
|
128,523
|
|
Cardinal Health, Inc.
|
|
873
|
134,826
|
|
Centene Corp.(c)
|
|
1,967
|
111,018
|
|
Charles River Laboratories International,
Inc.(b)(c)
|
|
1,113
|
150,956
|
|
Cigna Group (The)
|
|
350
|
110,824
|
|
CVS Health Corp.
|
|
1,756
|
112,454
|
|
Danaher Corp.
|
|
613
|
116,409
|
|
DaVita, Inc.(b)(c)
|
|
855
|
116,502
|
|
Edwards Lifesciences Corp.(c)
|
|
1,651
|
129,141
|
|
Elevance Health, Inc.
|
|
280
|
107,475
|
|
Gilead Sciences, Inc.
|
|
1,095
|
120,538
|
|
Humana, Inc.
|
|
460
|
107,240
|
|
Medtronic PLC
|
|
1,409
|
116,919
|
|
Merck & Co., Inc.
|
|
1,467
|
112,724
|
|
Moderna, Inc.(b)(c)
|
|
4,549
|
120,822
|
|
Quest Diagnostics, Inc.
|
|
707
|
122,551
|
|
Regeneron Pharmaceuticals, Inc.
|
|
205
|
100,507
|
|
Waters Corp.(b)(c)
|
|
362
|
126,425
|
|
|
|
|
2,863,921
|
|
Industrials-17.26%
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
496
|
120,444
|
|
Carrier Global Corp.
|
|
1,970
|
140,264
|
|
Caterpillar, Inc.
|
|
403
|
140,256
|
|
CSX Corp.
|
|
4,165
|
131,572
|
|
Cummins, Inc.
|
|
418
|
134,379
|
|
Dayforce, Inc.(b)(c)
|
|
2,186
|
129,149
|
|
Deere & Co.
|
|
260
|
131,628
|
|
Dover Corp.
|
|
724
|
128,691
|
|
Emerson Electric Co.
|
|
1,185
|
141,465
|
|
Hubbell, Inc.
|
|
348
|
135,574
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Illinois Tool Works, Inc.(b)
|
|
498
|
$122,050
|
|
Ingersoll Rand, Inc.(b)
|
|
1,640
|
133,889
|
|
J.B. Hunt Transport Services, Inc.
|
|
899
|
124,826
|
|
Johnson Controls International PLC
|
|
1,537
|
155,806
|
|
Lennox International, Inc.(b)
|
|
210
|
118,534
|
|
Norfolk Southern Corp.
|
|
517
|
127,761
|
|
Otis Worldwide Corp.
|
|
1,180
|
112,513
|
|
PACCAR, Inc.
|
|
1,309
|
122,850
|
|
Pentair PLC
|
|
1,450
|
143,811
|
|
Republic Services, Inc.
|
|
478
|
122,985
|
|
Rockwell Automation, Inc.
|
|
500
|
157,775
|
|
Southwest Airlines Co.(b)
|
|
4,757
|
158,789
|
|
Stanley Black & Decker, Inc.
|
|
2,027
|
132,627
|
|
Trane Technologies PLC
|
|
353
|
151,885
|
|
Union Pacific Corp.
|
|
526
|
116,593
|
|
United Rentals, Inc.
|
|
201
|
142,384
|
|
Veralto Corp.(b)
|
|
1,310
|
132,349
|
|
Verisk Analytics, Inc.
|
|
403
|
126,598
|
|
W.W. Grainger, Inc.
|
|
118
|
128,332
|
|
Waste Management, Inc.
|
|
497
|
119,762
|
|
Xylem, Inc.
|
|
1,049
|
132,216
|
|
|
|
|
4,117,757
|
|
Information Technology-16.20%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
408
|
129,263
|
|
Adobe, Inc.(c)
|
|
332
|
137,810
|
|
Advanced Micro Devices, Inc.(c)
|
|
1,337
|
148,046
|
|
Akamai Technologies, Inc.(b)(c)
|
|
1,591
|
120,805
|
|
Autodesk, Inc.(c)
|
|
446
|
132,069
|
|
Cisco Systems, Inc.
|
|
2,132
|
134,402
|
|
Corning, Inc.
|
|
2,809
|
139,298
|
|
Fortinet, Inc.(c)
|
|
1,232
|
125,393
|
|
Gen Digital, Inc.
|
|
4,851
|
138,156
|
|
Hewlett Packard Enterprise Co.
|
|
7,713
|
133,281
|
|
HP, Inc.
|
|
4,816
|
119,918
|
|
Intel Corp.
|
|
6,069
|
118,649
|
|
International Business Machines Corp.
|
|
479
|
124,090
|
|
Jabil, Inc.
|
|
881
|
148,017
|
|
Keysight Technologies, Inc.(c)
|
|
860
|
135,054
|
|
KLA Corp.
|
|
185
|
140,023
|
|
Lam Research Corp.
|
|
1,832
|
148,007
|
|
Micron Technology, Inc.
|
|
1,714
|
161,904
|
|
Microsoft Corp.
|
|
317
|
145,934
|
|
NetApp, Inc.
|
|
1,399
|
138,725
|
|
NVIDIA Corp.
|
|
1,178
|
159,183
|
|
ON Semiconductor Corp.(b)(c)
|
|
3,290
|
138,246
|
|
Palo Alto Networks, Inc.(b)(c)
|
|
718
|
138,158
|
|
QUALCOMM, Inc.
|
|
844
|
122,549
|
|
Salesforce, Inc.
|
|
479
|
127,112
|
|
ServiceNow, Inc.(c)
|
|
153
|
154,697
|
|
TE Connectivity PLC (Switzerland)
|
|
900
|
144,063
|
|
Western Digital Corp.(b)(c)
|
|
3,178
|
163,826
|
|
|
|
|
3,866,678
|
|
Materials-5.23%
|
|||
|
Air Products and Chemicals, Inc.
|
|
442
|
123,278
|
|
Albemarle Corp.(b)
|
|
2,156
|
120,219
|
|
Ball Corp.
|
|
2,418
|
129,557
|
|
Dow, Inc.
|
|
4,065
|
112,763
|
|
Ecolab, Inc.
|
|
492
|
130,685
|
|
Freeport-McMoRan, Inc.(b)
|
|
3,506
|
134,911
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Linde PLC
|
|
259
|
$121,103
|
|
LyondellBasell Industries N.V., Class A
|
|
2,030
|
114,675
|
|
Mosaic Co. (The)
|
|
4,202
|
151,860
|
|
Newmont Corp.
|
|
2,071
|
109,183
|
|
|
|
|
1,248,234
|
|
Real Estate-6.65%
|
|||
|
Alexandria Real Estate Equities, Inc.(b)
|
|
1,509
|
105,917
|
|
BXP, Inc.(b)
|
|
1,826
|
122,945
|
|
CBRE Group, Inc., Class A(c)
|
|
989
|
123,645
|
|
Digital Realty Trust, Inc.(b)
|
|
783
|
134,300
|
|
Equinix, Inc.
|
|
149
|
132,434
|
|
Equity Residential
|
|
1,694
|
118,817
|
|
Federal Realty Investment Trust
|
|
1,238
|
118,204
|
|
Healthpeak Properties, Inc.
|
|
6,198
|
107,907
|
|
Host Hotels & Resorts, Inc.(b)
|
|
8,533
|
132,176
|
|
Kimco Realty Corp.
|
|
5,692
|
121,012
|
|
Prologis, Inc.
|
|
1,161
|
126,085
|
|
Welltower, Inc.
|
|
797
|
122,961
|
|
Weyerhaeuser Co.
|
|
4,632
|
120,015
|
|
|
|
|
1,586,418
|
|
Utilities-3.74%
|
|||
|
American Water Works Co., Inc.(b)
|
|
772
|
110,373
|
|
CenterPoint Energy, Inc.(b)
|
|
3,133
|
116,673
|
|
Consolidated Edison, Inc.
|
|
1,031
|
107,729
|
|
Eversource Energy
|
|
2,026
|
131,305
|
|
Exelon Corp.
|
|
2,470
|
108,235
|
|
NRG Energy, Inc.
|
|
1,229
|
191,601
|
|
Sempra
|
|
1,623
|
127,552
|
|
|
|
|
893,468
|
|
Total Common Stocks & Other Equity Interests
(Cost $23,183,423)
|
23,828,798
|
||
|
Money Market Funds-0.01%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $2,935)
|
|
2,935
|
2,935
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.86%
(Cost $23,186,358)
|
23,831,733
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-14.03%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
1,010,792
|
1,010,792
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
2,335,464
|
2,335,931
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $3,346,723)
|
3,346,723
|
||
|
TOTAL INVESTMENTS IN SECURITIES-113.89%
(Cost $26,533,081)
|
27,178,456
|
||
|
OTHER ASSETS LESS LIABILITIES-(13.89)%
|
(3,314,025
)
|
||
|
NET ASSETS-100.00%
|
$23,864,431
|
||
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
Non-income producing security.
|
|
(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 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
|
$-
|
$328,251
|
$(325,316
)
|
$-
|
$-
|
$2,935
|
$531
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
257,617
|
9,305,088
|
(8,551,913
)
|
-
|
-
|
1,010,792
|
23,305
*
|
|
Invesco Private Prime Fund
|
707,352
|
19,429,784
|
(17,800,895
)
|
(43
)
|
(267
)
|
2,335,931
|
61,567
*
|
|
Total
|
$964,969
|
$29,063,123
|
$(26,678,124
)
|
$(43
)
|
$(267
)
|
$3,349,658
|
$85,403
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Communication Services-9.06%
|
|||
|
Alphabet, Inc., Class A
|
|
299,741
|
$51,477,519
|
|
Alphabet, Inc., Class C
|
|
192,674
|
33,303,701
|
|
AT&T, Inc.
|
|
390,972
|
10,869,022
|
|
Comcast Corp., Class A
|
|
200,617
|
6,935,330
|
|
Meta Platforms, Inc., Class A
|
|
101,188
|
65,518,218
|
|
Netflix, Inc.(b)
|
|
20,150
|
24,325,684
|
|
Rogers Communications, Inc., Class B
(Canada)
|
|
143,749
|
3,851,568
|
|
T-Mobile US, Inc.
|
|
27,170
|
6,580,574
|
|
Verizon Communications, Inc.
|
|
225,504
|
9,913,156
|
|
Walt Disney Co. (The)
|
|
93,150
|
10,529,676
|
|
|
|
|
223,304,448
|
|
Consumer Discretionary-10.46%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
27,188
|
3,507,252
|
|
Amazon.com, Inc.(b)
|
|
434,785
|
89,135,273
|
|
AutoZone, Inc.(b)
|
|
912
|
3,404,532
|
|
Booking Holdings, Inc.
|
|
1,732
|
9,558,787
|
|
Carvana Co.(b)(c)
|
|
6,839
|
2,237,447
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
84,058
|
4,209,625
|
|
DoorDash, Inc., Class A(b)
|
|
20,299
|
4,235,386
|
|
eBay, Inc.
|
|
39,004
|
2,853,923
|
|
Flutter Entertainment PLC (United
Kingdom)(b)
|
|
13,614
|
3,440,258
|
|
Ford Motor Co.
|
|
295,828
|
3,070,695
|
|
General Motors Co.
|
|
65,690
|
3,258,881
|
|
Hilton Worldwide Holdings, Inc.
|
|
20,733
|
5,150,906
|
|
Home Depot, Inc. (The)
|
|
49,655
|
18,287,440
|
|
Lowe’s Cos., Inc.
|
|
27,364
|
6,176,876
|
|
Marriott International, Inc., Class A
|
|
18,052
|
4,762,659
|
|
McDonald’s Corp.
|
|
37,989
|
11,922,848
|
|
MercadoLibre, Inc. (Brazil)(b)
|
|
2,265
|
5,805,852
|
|
NIKE, Inc., Class B
|
|
71,112
|
4,308,676
|
|
O’Reilly Automotive, Inc.(b)
|
|
3,149
|
4,306,257
|
|
Ross Stores, Inc.
|
|
20,085
|
2,813,708
|
|
Royal Caribbean Cruises Ltd.
|
|
15,223
|
3,911,854
|
|
Starbucks Corp.
|
|
62,746
|
5,267,527
|
|
Tesla, Inc.(b)
|
|
132,459
|
45,891,745
|
|
TJX Cos., Inc. (The)
|
|
55,038
|
6,984,322
|
|
Yum! Brands, Inc.
|
|
22,557
|
3,246,854
|
|
|
|
|
257,749,583
|
|
Consumer Staples-5.41%
|
|||
|
Church & Dwight Co., Inc.
|
|
33,723
|
3,315,308
|
|
Coca-Cola Co. (The)
|
|
219,114
|
15,798,119
|
|
Colgate-Palmolive Co.
|
|
61,012
|
5,670,455
|
|
Conagra Brands, Inc.
|
|
147,189
|
3,369,156
|
|
Costco Wholesale Corp.
|
|
20,440
|
21,261,279
|
|
General Mills, Inc.
|
|
84,911
|
4,607,271
|
|
Kenvue, Inc.
|
|
137,583
|
3,284,106
|
|
Keurig Dr Pepper, Inc.
|
|
124,364
|
4,187,336
|
|
Kimberly-Clark Corp.
|
|
25,800
|
3,709,008
|
|
Loblaw Cos. Ltd. (Canada)
|
|
19,141
|
3,223,183
|
|
Mondelez International, Inc., Class A
|
|
96,795
|
6,532,695
|
|
PepsiCo, Inc.
|
|
83,279
|
10,947,024
|
|
Procter & Gamble Co. (The)
|
|
118,222
|
20,084,736
|
|
Sysco Corp.
|
|
46,147
|
3,368,731
|
|
Target Corp.
|
|
30,869
|
2,901,995
|
|
Walmart, Inc.
|
|
212,523
|
20,980,271
|
|
|
|
|
133,240,673
|
|
|
Shares
|
Value
|
|
|
Energy-3.98%
|
|||
|
Baker Hughes Co., Class A
|
|
94,989
|
$3,519,342
|
|
Cheniere Energy, Inc.
|
|
15,219
|
3,606,751
|
|
Chevron Corp.
|
|
80,507
|
11,005,307
|
|
ConocoPhillips
|
|
88,748
|
7,574,642
|
|
Coterra Energy, Inc.
|
|
129,755
|
3,154,344
|
|
Devon Energy Corp.
|
|
114,949
|
3,478,357
|
|
Diamondback Energy, Inc.
|
|
34,405
|
4,629,193
|
|
Enbridge, Inc. (Canada)(c)
|
|
140,898
|
6,545,078
|
|
EOG Resources, Inc.
|
|
46,739
|
5,074,453
|
|
Exxon Mobil Corp.
|
|
208,798
|
21,360,035
|
|
Hess Corp.
|
|
28,652
|
3,787,508
|
|
Kinder Morgan, Inc.
|
|
134,729
|
3,777,801
|
|
ONEOK, Inc.
|
|
53,170
|
4,298,263
|
|
Pembina Pipeline Corp. (Canada)(c)
|
|
98,094
|
3,669,206
|
|
Schlumberger N.V.
|
|
123,857
|
4,093,474
|
|
TC Energy Corp. (Canada)
|
|
71,924
|
3,637,656
|
|
Williams Cos., Inc. (The)
|
|
79,200
|
4,792,392
|
|
|
|
|
98,003,802
|
|
Financials-14.66%
|
|||
|
Aflac, Inc.
|
|
32,408
|
3,355,524
|
|
Allstate Corp. (The)
|
|
15,786
|
3,313,008
|
|
American Express Co.
|
|
32,820
|
9,650,721
|
|
American International Group, Inc.
|
|
40,797
|
3,453,058
|
|
Ameriprise Financial, Inc.
|
|
6,675
|
3,399,177
|
|
Aon PLC, Class A
|
|
13,264
|
4,935,269
|
|
Apollo Global Management, Inc.(c)
|
|
27,240
|
3,559,996
|
|
Ares Management Corp., Class A
|
|
19,116
|
3,163,698
|
|
Arthur J. Gallagher & Co.
|
|
14,539
|
5,051,430
|
|
Bank of America Corp.
|
|
346,135
|
15,274,937
|
|
Bank of Montreal (Canada)
|
|
47,957
|
5,140,131
|
|
Bank of New York Mellon Corp. (The)
|
|
48,757
|
4,320,358
|
|
Bank of Nova Scotia (The) (Canada)
|
|
90,196
|
4,816,969
|
|
BlackRock, Inc.
|
|
7,488
|
7,337,416
|
|
Blackstone, Inc., Class A
|
|
39,990
|
5,549,012
|
|
Block, Inc., Class A(b)(c)
|
|
42,633
|
2,632,588
|
|
Brookfield Corp. (Canada)
|
|
93,559
|
5,392,597
|
|
Canadian Imperial Bank of Commerce
(Canada)
|
|
63,132
|
4,289,918
|
|
Capital One Financial Corp.
|
|
35,789
|
6,769,489
|
|
Charles Schwab Corp. (The)
|
|
83,637
|
7,388,493
|
|
Chubb Ltd.
|
|
20,773
|
6,173,736
|
|
Citigroup, Inc.
|
|
98,753
|
7,438,076
|
|
CME Group, Inc., Class A
|
|
20,846
|
6,024,494
|
|
Coinbase Global, Inc., Class A(b)
|
|
10,912
|
2,691,117
|
|
Fidelity National Information Services, Inc.
|
|
32,534
|
2,590,032
|
|
Fiserv, Inc.(b)
|
|
35,119
|
5,717,022
|
|
Goldman Sachs Group, Inc. (The)
|
|
15,811
|
9,493,715
|
|
Intercontinental Exchange, Inc.
|
|
31,169
|
5,604,186
|
|
JPMorgan Chase & Co.
|
|
129,470
|
34,180,080
|
|
KKR & Co., Inc., Class A
|
|
36,335
|
4,413,249
|
|
Manulife Financial Corp. (Canada)
|
|
133,252
|
4,235,145
|
|
Marsh & McLennan Cos., Inc.
|
|
31,976
|
7,471,512
|
|
Mastercard, Inc., Class A
|
|
40,436
|
23,679,322
|
|
MetLife, Inc.
|
|
39,506
|
3,104,381
|
|
Moody’s Corp.
|
|
11,257
|
5,395,705
|
|
Morgan Stanley
|
|
61,726
|
7,902,780
|
|
Nasdaq, Inc.
|
|
49,933
|
4,171,403
|
|
National Bank of Canada (Canada)
|
|
37,676
|
3,701,151
|
|
PayPal Holdings, Inc.(b)
|
|
56,556
|
3,974,756
|
|
PNC Financial Services Group, Inc. (The)
|
|
23,763
|
4,130,247
|
|
Progressive Corp. (The)
|
|
28,487
|
8,116,801
|
|
Prudential Financial, Inc.
|
|
31,617
|
3,284,690
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Robinhood Markets, Inc., Class A(b)
|
|
42,447
|
$2,807,869
|
|
Royal Bank of Canada (Canada)(c)
|
|
76,754
|
9,709,874
|
|
S&P Global, Inc.
|
|
18,356
|
9,414,058
|
|
Sun Life Financial, Inc. (Canada)
|
|
59,141
|
3,802,367
|
|
Toronto-Dominion Bank (The) (Canada)
|
|
94,887
|
6,540,195
|
|
Travelers Cos., Inc. (The)
|
|
13,980
|
3,854,286
|
|
Truist Financial Corp.
|
|
85,184
|
3,364,768
|
|
U.S. Bancorp
|
|
89,983
|
3,922,359
|
|
Visa, Inc., Class A
|
|
83,605
|
30,531,710
|
|
Wells Fargo & Co.
|
|
155,289
|
11,612,511
|
|
Willis Towers Watson PLC
|
|
10,269
|
3,250,652
|
|
|
|
|
361,098,038
|
|
Health Care-9.51%
|
|||
|
Abbott Laboratories
|
|
90,979
|
12,152,975
|
|
AbbVie, Inc.
|
|
85,644
|
15,939,205
|
|
Agilent Technologies, Inc.
|
|
25,698
|
2,876,120
|
|
Amgen, Inc.
|
|
29,207
|
8,416,873
|
|
Becton, Dickinson and Co.
|
|
23,809
|
4,109,195
|
|
Boston Scientific Corp.(b)
|
|
91,479
|
9,629,080
|
|
Bristol-Myers Squibb Co.
|
|
116,501
|
5,624,668
|
|
Cardinal Health, Inc.
|
|
21,638
|
3,341,773
|
|
Cencora, Inc.
|
|
15,101
|
4,398,015
|
|
Cigna Group (The)
|
|
14,559
|
4,609,962
|
|
CVS Health Corp.
|
|
69,527
|
4,452,509
|
|
Danaher Corp.
|
|
32,758
|
6,220,744
|
|
Edwards Lifesciences Corp.(b)
|
|
39,858
|
3,117,693
|
|
Elevance Health, Inc.
|
|
14,442
|
5,543,417
|
|
Eli Lilly and Co.
|
|
37,045
|
27,326,985
|
|
GE HealthCare Technologies, Inc.
|
|
36,581
|
2,580,424
|
|
Gilead Sciences, Inc.
|
|
67,577
|
7,438,876
|
|
HCA Healthcare, Inc.
|
|
9,672
|
3,688,804
|
|
Intuitive Surgical, Inc.(b)
|
|
17,689
|
9,770,342
|
|
IQVIA Holdings, Inc.(b)
|
|
21,967
|
3,082,629
|
|
Johnson & Johnson
|
|
124,368
|
19,303,157
|
|
McKesson Corp.
|
|
7,463
|
5,369,703
|
|
Medtronic PLC
|
|
69,804
|
5,792,336
|
|
Merck & Co., Inc.
|
|
133,319
|
10,244,232
|
|
Pfizer, Inc.
|
|
332,370
|
7,807,371
|
|
Regeneron Pharmaceuticals, Inc.
|
|
6,811
|
3,339,297
|
|
Stryker Corp.
|
|
17,430
|
6,669,415
|
|
Thermo Fisher Scientific, Inc.
|
|
20,914
|
8,424,578
|
|
UnitedHealth Group, Inc.
|
|
43,406
|
13,104,706
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
13,148
|
5,812,074
|
|
Zoetis, Inc.
|
|
23,833
|
4,018,959
|
|
|
|
|
234,206,117
|
|
Industrials-9.02%
|
|||
|
3M Co.
|
|
32,814
|
4,867,957
|
|
AECOM
|
|
29,626
|
3,254,416
|
|
AMETEK, Inc.
|
|
19,813
|
3,541,376
|
|
Automatic Data Processing, Inc.
|
|
22,536
|
7,336,144
|
|
Axon Enterprise, Inc.(b)
|
|
4,749
|
3,563,460
|
|
Canadian National Railway Co. (Canada)
|
|
46,640
|
4,893,477
|
|
Canadian Pacific Kansas City Ltd. (Canada)
|
|
67,733
|
5,521,795
|
|
Carrier Global Corp.
|
|
60,194
|
4,285,813
|
|
Caterpillar, Inc.
|
|
24,620
|
8,568,499
|
|
Cintas Corp.
|
|
21,669
|
4,908,028
|
|
Copart, Inc.(b)
|
|
56,755
|
2,921,747
|
|
CSX Corp.
|
|
143,920
|
4,546,433
|
|
Cummins, Inc.
|
|
12,636
|
4,062,221
|
|
Deere & Co.
|
|
13,942
|
7,058,277
|
|
Dover Corp.
|
|
24,832
|
4,413,888
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Eaton Corp. PLC
|
|
23,661
|
$7,576,252
|
|
Element Fleet Management Corp. (Canada)
|
|
136,130
|
3,237,537
|
|
Emerson Electric Co.
|
|
42,500
|
5,073,650
|
|
Equifax, Inc.
|
|
10,609
|
2,802,792
|
|
Fastenal Co.
|
|
72,980
|
3,016,993
|
|
FedEx Corp.
|
|
11,287
|
2,461,695
|
|
GE Vernova, Inc.
|
|
14,002
|
6,622,666
|
|
General Electric Co.
|
|
53,212
|
13,085,363
|
|
HEICO Corp., Class A
|
|
14,625
|
3,449,160
|
|
Howmet Aerospace, Inc.
|
|
26,951
|
4,578,705
|
|
Illinois Tool Works, Inc.
|
|
17,667
|
4,329,828
|
|
Ingersoll Rand, Inc.
|
|
50,303
|
4,106,737
|
|
Johnson Controls International PLC
|
|
44,051
|
4,465,450
|
|
Norfolk Southern Corp.
|
|
15,670
|
3,872,370
|
|
Otis Worldwide Corp.
|
|
41,494
|
3,956,453
|
|
PACCAR, Inc.
|
|
43,956
|
4,125,271
|
|
Parker-Hannifin Corp.
|
|
8,800
|
5,849,360
|
|
Paychex, Inc.
|
|
22,714
|
3,586,768
|
|
Quanta Services, Inc.
|
|
9,923
|
3,399,223
|
|
Republic Services, Inc.
|
|
17,402
|
4,477,361
|
|
Thomson Reuters Corp. (Canada)
|
|
20,598
|
4,084,694
|
|
Trane Technologies PLC
|
|
14,357
|
6,177,386
|
|
TransDigm Group, Inc.
|
|
3,973
|
5,834,072
|
|
Uber Technologies, Inc.(b)
|
|
93,119
|
7,836,895
|
|
Union Pacific Corp.
|
|
33,669
|
7,463,070
|
|
United Parcel Service, Inc., Class B
|
|
37,267
|
3,635,023
|
|
United Rentals, Inc.
|
|
4,345
|
3,077,911
|
|
W.W. Grainger, Inc.
|
|
2,911
|
3,165,887
|
|
Wabtec Corp.
|
|
15,734
|
3,183,303
|
|
Waste Management, Inc.
|
|
25,279
|
6,091,481
|
|
WSP Global, Inc. (Canada)
|
|
19,037
|
3,893,520
|
|
|
|
|
222,260,407
|
|
Information Technology-31.05%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
32,858
|
10,410,072
|
|
Adobe, Inc.(b)
|
|
21,662
|
8,991,680
|
|
Advanced Micro Devices, Inc.(b)
|
|
83,732
|
9,271,644
|
|
Amphenol Corp., Class A
|
|
67,824
|
6,099,412
|
|
Analog Devices, Inc.
|
|
31,536
|
6,748,073
|
|
Apple, Inc.
|
|
684,326
|
137,446,877
|
|
Applied Materials, Inc.
|
|
51,480
|
8,069,490
|
|
AppLovin Corp., Class A(b)
|
|
11,810
|
4,641,330
|
|
Arista Networks, Inc.(b)
|
|
58,736
|
5,088,887
|
|
Autodesk, Inc.(b)
|
|
15,520
|
4,595,782
|
|
Broadcom, Inc.
|
|
204,739
|
49,561,170
|
|
Cadence Design Systems, Inc.(b)
|
|
15,535
|
4,459,633
|
|
Cisco Systems, Inc.
|
|
209,440
|
13,203,098
|
|
Cloudflare, Inc., Class A(b)
|
|
19,390
|
3,216,607
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
49,466
|
4,006,251
|
|
Constellation Software, Inc. (Canada)
|
|
1,306
|
4,726,239
|
|
Corning, Inc.
|
|
72,609
|
3,600,680
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
12,806
|
6,036,364
|
|
Fair Isaac Corp.(b)
|
|
1,401
|
2,418,518
|
|
Fortinet, Inc.(b)
|
|
36,979
|
3,763,723
|
|
Gartner, Inc.(b)
|
|
7,526
|
3,284,497
|
|
HP, Inc.
|
|
109,470
|
2,725,803
|
|
Intel Corp.
|
|
221,798
|
4,336,151
|
|
International Business Machines Corp.
|
|
44,762
|
11,596,044
|
|
Intuit, Inc.
|
|
14,564
|
10,973,537
|
|
KLA Corp.
|
|
8,308
|
6,288,159
|
|
Lam Research Corp.
|
|
83,635
|
6,756,872
|
|
Marvell Technology, Inc.
|
|
57,504
|
3,461,166
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Micron Technology, Inc.
|
|
58,189
|
$5,496,533
|
|
Microsoft Corp.
|
|
322,925
|
148,661,753
|
|
MicroStrategy, Inc., Class A(b)(c)
|
|
12,347
|
4,556,784
|
|
Motorola Solutions, Inc.
|
|
9,603
|
3,988,894
|
|
NVIDIA Corp.
|
|
1,108,334
|
149,769,173
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
20,503
|
3,918,738
|
|
Oracle Corp.
|
|
79,835
|
13,215,088
|
|
Palantir Technologies, Inc., Class A(b)
|
|
101,345
|
13,355,244
|
|
Palo Alto Networks, Inc.(b)(c)
|
|
36,482
|
7,019,867
|
|
QUALCOMM, Inc.
|
|
60,812
|
8,829,902
|
|
Roper Technologies, Inc.
|
|
6,923
|
3,947,979
|
|
Salesforce, Inc.
|
|
50,181
|
13,316,532
|
|
ServiceNow, Inc.(b)
|
|
10,813
|
10,932,916
|
|
Shopify, Inc., Class A (Canada)(b)
|
|
63,108
|
6,730,541
|
|
Snowflake, Inc., Class A(b)
|
|
19,270
|
3,963,261
|
|
Synopsys, Inc.(b)
|
|
9,901
|
4,593,866
|
|
TE Connectivity PLC (Switzerland)
|
|
30,905
|
4,946,963
|
|
Texas Instruments, Inc.
|
|
46,299
|
8,465,772
|
|
Workday, Inc., Class A(b)
|
|
14,572
|
3,609,630
|
|
|
|
|
765,097,195
|
|
Materials-2.65%
|
|||
|
Agnico Eagle Mines Ltd. (Canada)
|
|
49,712
|
5,848,875
|
|
Air Products and Chemicals, Inc.
|
|
10,277
|
2,866,358
|
|
Avery Dennison Corp.
|
|
18,992
|
3,375,448
|
|
Corteva, Inc.
|
|
51,973
|
3,679,688
|
|
CRH PLC
|
|
37,185
|
3,389,785
|
|
DuPont de Nemours, Inc.
|
|
47,692
|
3,185,826
|
|
Ecolab, Inc.
|
|
20,369
|
5,410,414
|
|
Freeport-McMoRan, Inc.
|
|
168,846
|
6,497,194
|
|
Linde PLC
|
|
25,363
|
11,859,231
|
|
Newmont Corp.
|
|
85,673
|
4,516,681
|
|
PPG Industries, Inc.
|
|
39,014
|
4,322,751
|
|
Sherwin-Williams Co. (The)
|
|
13,218
|
4,742,751
|
|
Wheaton Precious Metals Corp. (Canada)
|
|
65,366
|
5,653,057
|
|
|
|
|
65,348,059
|
|
Real Estate-2.92%
|
|||
|
American Tower Corp.
|
|
27,983
|
6,006,551
|
|
AvalonBay Communities, Inc.
|
|
19,891
|
4,112,862
|
|
CBRE Group, Inc., Class A(b)
|
|
24,688
|
3,086,494
|
|
Crown Castle, Inc.
|
|
30,693
|
3,080,042
|
|
Digital Realty Trust, Inc.
|
|
21,453
|
3,679,619
|
|
Equinix, Inc.
|
|
6,008
|
5,340,031
|
|
Equity Residential
|
|
49,199
|
3,450,818
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Iron Mountain, Inc.
|
|
25,874
|
$2,554,022
|
|
Kimco Realty Corp.
|
|
158,309
|
3,365,649
|
|
Prologis, Inc.
|
|
57,038
|
6,194,327
|
|
Public Storage
|
|
10,584
|
3,264,211
|
|
Realty Income Corp.
|
|
72,070
|
4,080,603
|
|
Regency Centers Corp.
|
|
49,545
|
3,574,672
|
|
Simon Property Group, Inc.
|
|
25,969
|
4,234,765
|
|
Ventas, Inc.
|
|
51,468
|
3,308,363
|
|
VICI Properties, Inc.
|
|
100,118
|
3,174,742
|
|
Welltower, Inc.
|
|
43,723
|
6,745,584
|
|
Weyerhaeuser Co.
|
|
108,227
|
2,804,162
|
|
|
|
|
72,057,517
|
|
Utilities-1.25%
|
|||
|
American Water Works Co., Inc.
|
|
22,971
|
3,284,164
|
|
Consolidated Edison, Inc.
|
|
39,964
|
4,175,839
|
|
Constellation Energy Corp.
|
|
15,928
|
4,876,357
|
|
Exelon Corp.
|
|
86,414
|
3,786,662
|
|
NextEra Energy, Inc.
|
|
103,188
|
7,289,200
|
|
Public Service Enterprise Group, Inc.
|
|
41,243
|
3,341,920
|
|
Sempra
|
|
50,151
|
3,941,367
|
|
|
|
|
30,695,509
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.97%
(Cost $2,435,809,966)
|
2,463,061,348
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.38%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
2,569,119
|
2,569,119
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
6,734,591
|
6,735,938
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $9,305,057)
|
9,305,057
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.35%
(Cost $2,445,115,023)
|
2,472,366,405
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.35)%
|
(8,743,800
)
|
||
|
NET ASSETS-100.00%
|
$2,463,622,605
|
||
|
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)
|
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 period ended May 31, 2025.
|
|
|
Value
August 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
May 31, 2025
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$-
|
$34,061,713
|
$(34,061,713
)
|
$-
|
$-
|
$-
|
$14,180
|
|
|
Value
August 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
May 31, 2025
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
$-
|
$97,318,913
|
$(94,749,794
)
|
$-
|
$-
|
$2,569,119
|
$135,154
*
|
|
Invesco Private Prime Fund
|
-
|
172,537,907
|
(165,799,739
)
|
-
|
(2,230
)
|
6,735,938
|
359,023
*
|
|
Total
|
$-
|
$303,918,533
|
$(294,611,246
)
|
$-
|
$(2,230
)
|
$9,305,057
|
$508,357
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.92%
|
|||
|
Communication Services-9.62%
|
|||
|
Alphabet, Inc., Class A
|
|
797,024
|
$136,880,902
|
|
Alphabet, Inc., Class C
|
|
676,001
|
116,846,773
|
|
AT&T, Inc.
|
|
980,830
|
27,267,074
|
|
Charter Communications, Inc., Class A(b)
|
|
12,613
|
4,998,154
|
|
Comcast Corp., Class A
|
|
515,350
|
17,815,649
|
|
Electronic Arts, Inc.
|
|
33,830
|
4,864,077
|
|
Fox Corp., Class A(c)
|
|
29,767
|
1,635,399
|
|
Fox Corp., Class B
|
|
19,314
|
971,108
|
|
Liberty Media Corp.-Liberty Formula
One(b)(c)
|
|
28,927
|
2,792,323
|
|
Live Nation Entertainment, Inc.(b)
|
|
22,106
|
3,032,722
|
|
Meta Platforms, Inc., Class A
|
|
299,302
|
193,795,052
|
|
Netflix, Inc.(b)
|
|
58,449
|
70,561,386
|
|
News Corp., Class A
|
|
51,658
|
1,458,822
|
|
Omnicom Group, Inc.
|
|
26,660
|
1,957,910
|
|
Pinterest, Inc., Class A(b)
|
|
81,127
|
2,523,861
|
|
Reddit, Inc., Class A(b)(c)
|
|
9,465
|
1,063,393
|
|
Roblox Corp., Class A(b)
|
|
73,165
|
6,363,892
|
|
Snap, Inc., Class A(b)(c)
|
|
147,798
|
1,219,334
|
|
Take-Two Interactive Software, Inc.(b)
|
|
24,116
|
5,456,968
|
|
T-Mobile US, Inc.
|
|
62,403
|
15,114,007
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
61,820
|
4,650,100
|
|
Verizon Communications, Inc.
|
|
576,623
|
25,348,347
|
|
Walt Disney Co. (The)
|
|
247,017
|
27,922,802
|
|
Warner Bros. Discovery, Inc.(b)
|
|
321,125
|
3,201,616
|
|
|
|
|
677,741,671
|
|
Consumer Discretionary-10.81%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
59,529
|
7,679,241
|
|
Amazon.com, Inc.(b)
|
|
1,305,071
|
267,552,606
|
|
Aptiv PLC (Jersey)(b)(c)
|
|
31,352
|
2,094,627
|
|
AutoZone, Inc.(b)
|
|
2,286
|
8,533,729
|
|
Best Buy Co., Inc.
|
|
27,438
|
1,818,591
|
|
Booking Holdings, Inc.
|
|
4,484
|
24,746,882
|
|
Burlington Stores, Inc.(b)(c)
|
|
8,607
|
1,964,720
|
|
Carnival Corp.(b)
|
|
143,465
|
3,331,257
|
|
Carvana Co.(b)(c)
|
|
16,521
|
5,405,010
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
185,194
|
9,274,515
|
|
D.R. Horton, Inc.
|
|
38,753
|
4,575,179
|
|
Darden Restaurants, Inc.
|
|
15,991
|
3,425,432
|
|
Deckers Outdoor Corp.(b)
|
|
20,738
|
2,188,274
|
|
Dick’s Sporting Goods, Inc.
|
|
7,691
|
1,379,304
|
|
Domino’s Pizza, Inc.
|
|
4,452
|
2,109,447
|
|
DoorDash, Inc., Class A(b)
|
|
48,962
|
10,215,921
|
|
DraftKings, Inc., Class A(b)
|
|
61,483
|
2,206,010
|
|
eBay, Inc.
|
|
63,674
|
4,659,027
|
|
Expedia Group, Inc.
|
|
16,852
|
2,810,071
|
|
Flutter Entertainment PLC (United
Kingdom)(b)(c)
|
|
24,148
|
6,102,200
|
|
Ford Motor Co.
|
|
533,676
|
5,539,557
|
|
Garmin Ltd.
|
|
21,032
|
4,268,865
|
|
General Motors Co.
|
|
132,033
|
6,550,157
|
|
Genuine Parts Co.
|
|
18,963
|
2,399,199
|
|
Hilton Worldwide Holdings, Inc.
|
|
32,741
|
8,134,174
|
|
Home Depot, Inc. (The)
|
|
135,811
|
50,017,833
|
|
Hyatt Hotels Corp., Class A
|
|
5,728
|
756,268
|
|
Las Vegas Sands Corp.
|
|
48,277
|
1,987,081
|
|
Lennar Corp., Class A
|
|
31,726
|
3,365,494
|
|
LKQ Corp.
|
|
35,329
|
1,429,765
|
|
Lowe’s Cos., Inc.
|
|
76,478
|
17,263,379
|
|
lululemon athletica, inc.(b)
|
|
14,996
|
4,748,783
|
|
Marriott International, Inc., Class A
|
|
31,983
|
8,438,075
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
McDonald’s Corp.
|
|
97,708
|
$30,665,656
|
|
MercadoLibre, Inc. (Brazil)(b)
|
|
6,235
|
15,982,113
|
|
NIKE, Inc., Class B
|
|
160,977
|
9,753,596
|
|
NVR, Inc.(b)
|
|
406
|
2,889,068
|
|
O’Reilly Automotive, Inc.(b)
|
|
7,821
|
10,695,217
|
|
Pool Corp.(c)
|
|
5,154
|
1,549,241
|
|
PulteGroup, Inc.
|
|
27,545
|
2,700,236
|
|
Rivian Automotive, Inc., Class A(b)(c)
|
|
107,403
|
1,560,566
|
|
Ross Stores, Inc.
|
|
44,932
|
6,294,524
|
|
Royal Caribbean Cruises Ltd.
|
|
34,935
|
8,977,247
|
|
Starbucks Corp.
|
|
155,210
|
13,029,879
|
|
Tesla, Inc.(b)
|
|
395,556
|
137,044,332
|
|
TJX Cos., Inc. (The)
|
|
152,641
|
19,370,143
|
|
Tractor Supply Co.(c)
|
|
72,640
|
3,515,776
|
|
Ulta Beauty, Inc.(b)
|
|
6,191
|
2,918,809
|
|
Williams-Sonoma, Inc.
|
|
16,876
|
2,729,862
|
|
Yum! Brands, Inc.
|
|
38,054
|
5,477,493
|
|
|
|
|
762,124,431
|
|
Consumer Staples-5.76%
|
|||
|
Albertson’s Cos., Inc., Class A
|
|
51,458
|
1,143,911
|
|
Altria Group, Inc.
|
|
230,423
|
13,965,938
|
|
Archer-Daniels-Midland Co.
|
|
65,609
|
3,166,946
|
|
Brown-Forman Corp., Class B(c)
|
|
24,886
|
829,699
|
|
Bunge Global S.A.
|
|
18,305
|
1,430,536
|
|
Church & Dwight Co., Inc.
|
|
33,629
|
3,306,067
|
|
Clorox Co. (The)
|
|
16,833
|
2,219,936
|
|
Coca-Cola Co. (The)
|
|
558,639
|
40,277,872
|
|
Colgate-Palmolive Co.
|
|
105,286
|
9,785,281
|
|
Conagra Brands, Inc.
|
|
65,227
|
1,493,046
|
|
Constellation Brands, Inc., Class A
|
|
22,222
|
3,961,960
|
|
Costco Wholesale Corp.
|
|
60,625
|
63,060,912
|
|
Dollar General Corp.
|
|
30,054
|
2,922,752
|
|
Dollar Tree, Inc.(b)
|
|
27,920
|
2,520,059
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
31,998
|
2,141,946
|
|
General Mills, Inc.
|
|
74,824
|
4,059,950
|
|
Hershey Co. (The)
|
|
20,216
|
3,248,509
|
|
Hormel Foods Corp.
|
|
41,327
|
1,267,912
|
|
J.M. Smucker Co. (The)
|
|
14,541
|
1,637,462
|
|
Kellanova
|
|
37,736
|
3,118,126
|
|
Kenvue, Inc.
|
|
262,171
|
6,258,022
|
|
Keurig Dr Pepper, Inc.
|
|
176,118
|
5,929,893
|
|
Kimberly-Clark Corp.
|
|
45,317
|
6,514,772
|
|
Kraft Heinz Co. (The)
|
|
122,463
|
3,273,436
|
|
Kroger Co. (The)
|
|
85,790
|
5,853,452
|
|
McCormick & Co., Inc.
|
|
34,527
|
2,511,149
|
|
Molson Coors Beverage Co., Class B
|
|
24,271
|
1,300,683
|
|
Mondelez International, Inc., Class A
|
|
177,023
|
11,947,282
|
|
Monster Beverage Corp.(b)
|
|
99,730
|
6,377,734
|
|
PepsiCo, Inc.
|
|
187,377
|
24,630,707
|
|
Philip Morris International, Inc.
|
|
212,679
|
38,407,701
|
|
Procter & Gamble Co. (The)
|
|
320,402
|
54,433,096
|
|
Sysco Corp.
|
|
66,849
|
4,879,977
|
|
Target Corp.
|
|
62,250
|
5,852,123
|
|
The Campbell’s Company(c)
|
|
26,483
|
901,481
|
|
Tyson Foods, Inc., Class A
|
|
39,105
|
2,196,137
|
|
Walmart, Inc.
|
|
602,484
|
59,477,220
|
|
|
|
|
406,303,685
|
|
Energy-3.00%
|
|||
|
Baker Hughes Co., Class A
|
|
135,322
|
5,013,680
|
|
Cheniere Energy, Inc.
|
|
30,445
|
7,215,160
|
|
Chevron Corp.
|
|
226,739
|
30,995,221
|
|
|
Shares
|
Value
|
|
|
Energy-(continued)
|
|||
|
ConocoPhillips
|
|
172,736
|
$14,743,018
|
|
Coterra Energy, Inc.
|
|
104,406
|
2,538,110
|
|
Devon Energy Corp.
|
|
84,246
|
2,549,284
|
|
Diamondback Energy, Inc.
|
|
26,119
|
3,514,311
|
|
EOG Resources, Inc.
|
|
75,363
|
8,182,161
|
|
EQT Corp.
|
|
77,553
|
4,275,497
|
|
Expand Energy Corp.
|
|
28,617
|
3,323,292
|
|
Exxon Mobil Corp.
|
|
591,010
|
60,460,323
|
|
Halliburton Co.
|
|
117,781
|
2,307,330
|
|
Hess Corp.
|
|
40,151
|
5,307,561
|
|
Kinder Morgan, Inc.
|
|
273,260
|
7,662,210
|
|
Marathon Petroleum Corp.
|
|
42,568
|
6,842,380
|
|
Occidental Petroleum Corp.
|
|
96,247
|
3,924,953
|
|
ONEOK, Inc.
|
|
85,349
|
6,899,613
|
|
Phillips 66
|
|
55,672
|
6,317,659
|
|
Schlumberger N.V.
|
|
185,811
|
6,141,054
|
|
Targa Resources Corp.
|
|
29,731
|
4,695,417
|
|
Texas Pacific Land Corp.(c)
|
|
2,670
|
2,974,460
|
|
Valero Energy Corp.
|
|
42,968
|
5,541,583
|
|
Williams Cos., Inc. (The)
|
|
166,795
|
10,092,765
|
|
|
|
|
211,517,042
|
|
Financials-13.98%
|
|||
|
Aflac, Inc.
|
|
70,851
|
7,335,913
|
|
Allstate Corp. (The)
|
|
36,213
|
7,600,022
|
|
American Express Co.
|
|
76,640
|
22,535,992
|
|
American Financial Group, Inc.
|
|
9,146
|
1,133,921
|
|
American International Group, Inc.
|
|
79,767
|
6,751,479
|
|
Ameriprise Financial, Inc.
|
|
13,092
|
6,666,970
|
|
Annaly Capital Management, Inc.
|
|
81,650
|
1,547,268
|
|
Aon PLC, Class A
|
|
26,563
|
9,883,561
|
|
Apollo Global Management, Inc.
|
|
54,566
|
7,131,231
|
|
Arch Capital Group Ltd.
|
|
51,338
|
4,879,164
|
|
Ares Management Corp., Class A
|
|
27,853
|
4,609,672
|
|
Arthur J. Gallagher & Co.
|
|
34,944
|
12,140,943
|
|
Bank of America Corp.
|
|
987,151
|
43,562,974
|
|
Bank of New York Mellon Corp. (The)
|
|
98,104
|
8,692,995
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
183,085
|
92,267,517
|
|
BlackRock, Inc.
|
|
20,123
|
19,718,326
|
|
Blackstone, Inc., Class A
|
|
99,668
|
13,829,932
|
|
Block, Inc., Class A(b)
|
|
76,441
|
4,720,232
|
|
Brown & Brown, Inc.
|
|
33,290
|
3,758,441
|
|
Capital One Financial Corp.
|
|
87,367
|
16,525,468
|
|
Carlyle Group, Inc. (The)(c)
|
|
32,081
|
1,450,061
|
|
Cboe Global Markets, Inc.
|
|
14,308
|
3,278,249
|
|
Charles Schwab Corp. (The)
|
|
235,416
|
20,796,649
|
|
Chubb Ltd.
|
|
52,012
|
15,457,966
|
|
Cincinnati Financial Corp.
|
|
21,393
|
3,226,492
|
|
Citigroup, Inc.
|
|
257,179
|
19,370,722
|
|
Citizens Financial Group, Inc.
|
|
59,730
|
2,410,106
|
|
CME Group, Inc., Class A
|
|
49,242
|
14,230,938
|
|
Coinbase Global, Inc., Class A(b)
|
|
27,280
|
6,727,794
|
|
Corebridge Financial, Inc.
|
|
34,187
|
1,114,838
|
|
Corpay, Inc.(b)
|
|
9,119
|
2,964,678
|
|
Equitable Holdings, Inc.
|
|
41,925
|
2,216,575
|
|
Erie Indemnity Co., Class A
|
|
3,471
|
1,244,388
|
|
Everest Group Ltd.
|
|
5,829
|
2,023,771
|
|
FactSet Research Systems, Inc.
|
|
5,185
|
2,376,078
|
|
Fidelity National Financial, Inc.
|
|
35,696
|
1,955,070
|
|
Fidelity National Information Services, Inc.
|
|
72,377
|
5,761,933
|
|
Fifth Third Bancorp
|
|
91,289
|
3,486,327
|
|
First Citizens BancShares, Inc., Class A
|
|
1,284
|
2,373,962
|
|
Fiserv, Inc.(b)
|
|
76,324
|
12,424,784
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Global Payments, Inc.
|
|
33,597
|
$2,540,269
|
|
Goldman Sachs Group, Inc. (The)
|
|
42,467
|
25,499,310
|
|
Hartford Insurance Group, Inc. (The)
|
|
38,997
|
5,063,370
|
|
Huntington Bancshares, Inc.
|
|
199,598
|
3,119,717
|
|
Interactive Brokers Group, Inc., Class A
|
|
14,884
|
3,120,877
|
|
Intercontinental Exchange, Inc.
|
|
78,500
|
14,114,300
|
|
Jack Henry & Associates, Inc.
|
|
9,961
|
1,804,634
|
|
JPMorgan Chase & Co.
|
|
382,061
|
100,864,104
|
|
KeyCorp
|
|
127,261
|
2,018,359
|
|
KKR & Co., Inc., Class A
|
|
84,960
|
10,319,242
|
|
Loews Corp.
|
|
24,430
|
2,181,355
|
|
LPL Financial Holdings, Inc.
|
|
10,928
|
4,230,884
|
|
M&T Bank Corp.
|
|
22,211
|
4,056,617
|
|
Markel Group, Inc.(b)(c)
|
|
1,737
|
3,372,733
|
|
Marsh & McLennan Cos., Inc.
|
|
67,327
|
15,731,627
|
|
Mastercard, Inc., Class A
|
|
111,280
|
65,165,568
|
|
MetLife, Inc.
|
|
79,121
|
6,217,328
|
|
Moody’s Corp.
|
|
22,122
|
10,603,517
|
|
Morgan Stanley
|
|
165,286
|
21,161,567
|
|
MSCI, Inc.
|
|
10,604
|
5,980,868
|
|
Nasdaq, Inc.
|
|
58,941
|
4,923,931
|
|
Northern Trust Corp.
|
|
26,641
|
2,843,660
|
|
PayPal Holdings, Inc.(b)
|
|
128,412
|
9,024,795
|
|
PNC Financial Services Group, Inc. (The)
|
|
54,075
|
9,398,776
|
|
Principal Financial Group, Inc.
|
|
30,740
|
2,394,339
|
|
Progressive Corp. (The)
|
|
80,104
|
22,824,033
|
|
Prudential Financial, Inc.
|
|
48,429
|
5,031,289
|
|
Raymond James Financial, Inc.
|
|
26,599
|
3,909,521
|
|
Regions Financial Corp.
|
|
123,723
|
2,652,621
|
|
Robinhood Markets, Inc., Class A(b)
|
|
99,915
|
6,609,377
|
|
S&P Global, Inc.
|
|
42,883
|
21,992,975
|
|
State Street Corp.
|
|
39,433
|
3,796,609
|
|
Synchrony Financial
|
|
53,119
|
3,062,310
|
|
T. Rowe Price Group, Inc.
|
|
30,367
|
2,842,048
|
|
Toast, Inc., Class A(b)
|
|
60,750
|
2,562,435
|
|
Tradeweb Markets, Inc., Class A
|
|
15,910
|
2,298,200
|
|
Travelers Cos., Inc. (The)
|
|
30,958
|
8,535,121
|
|
Truist Financial Corp.
|
|
178,936
|
7,067,972
|
|
U.S. Bancorp
|
|
212,887
|
9,279,744
|
|
Visa, Inc., Class A
|
|
235,481
|
85,995,306
|
|
W.R. Berkley Corp.
|
|
41,464
|
3,096,946
|
|
Wells Fargo & Co.
|
|
445,680
|
33,327,950
|
|
Willis Towers Watson PLC(c)
|
|
13,579
|
4,298,432
|
|
|
|
|
985,118,038
|
|
Health Care-9.63%
|
|||
|
Abbott Laboratories
|
|
236,979
|
31,655,655
|
|
AbbVie, Inc.
|
|
241,714
|
44,985,393
|
|
Agilent Technologies, Inc.
|
|
38,957
|
4,360,067
|
|
Align Technology, Inc.(b)
|
|
9,503
|
1,719,473
|
|
Alnylam Pharmaceuticals, Inc.(b)
|
|
17,775
|
5,413,554
|
|
Amgen, Inc.
|
|
73,465
|
21,171,144
|
|
Avantor, Inc.(b)
|
|
93,110
|
1,202,050
|
|
Baxter International, Inc.
|
|
70,086
|
2,137,623
|
|
Becton, Dickinson and Co.
|
|
39,234
|
6,771,396
|
|
Biogen, Inc.(b)
|
|
20,001
|
2,595,930
|
|
BioMarin Pharmaceutical, Inc.(b)(c)
|
|
26,201
|
1,521,492
|
|
Boston Scientific Corp.(b)
|
|
202,101
|
21,273,151
|
|
Bristol-Myers Squibb Co.
|
|
278,031
|
13,423,337
|
|
Cardinal Health, Inc.
|
|
33,008
|
5,097,756
|
|
Cencora, Inc.
|
|
25,172
|
7,331,093
|
|
Centene Corp.(b)
|
|
67,782
|
3,825,616
|
|
Cigna Group (The)
|
|
37,044
|
11,729,612
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Cooper Cos., Inc. (The)(b)
|
|
27,326
|
$1,865,819
|
|
CVS Health Corp.
|
|
172,493
|
11,046,452
|
|
Danaher Corp.
|
|
87,984
|
16,708,162
|
|
DaVita, Inc.(b)
|
|
6,012
|
819,195
|
|
DexCom, Inc.(b)
|
|
53,578
|
4,596,992
|
|
Edwards Lifesciences Corp.(b)
|
|
80,038
|
6,260,572
|
|
Elevance Health, Inc.
|
|
30,934
|
11,873,707
|
|
Eli Lilly and Co.
|
|
110,104
|
81,220,418
|
|
GE HealthCare Technologies, Inc.
|
|
62,560
|
4,412,982
|
|
Gilead Sciences, Inc.
|
|
170,341
|
18,751,137
|
|
HCA Healthcare, Inc.
|
|
25,231
|
9,622,851
|
|
Hologic, Inc.(b)
|
|
30,661
|
1,906,194
|
|
Humana, Inc.
|
|
16,492
|
3,844,780
|
|
IDEXX Laboratories, Inc.(b)
|
|
11,073
|
5,684,435
|
|
Illumina, Inc.(b)(c)
|
|
21,625
|
1,778,440
|
|
Incyte Corp.(b)
|
|
22,477
|
1,462,354
|
|
Insulet Corp.(b)
|
|
9,596
|
3,118,988
|
|
Intuitive Surgical, Inc.(b)
|
|
48,955
|
27,039,805
|
|
IQVIA Holdings, Inc.(b)
|
|
24,092
|
3,380,830
|
|
Johnson & Johnson
|
|
329,283
|
51,108,014
|
|
Labcorp Holdings, Inc.
|
|
11,433
|
2,846,474
|
|
McKesson Corp.
|
|
17,125
|
12,321,609
|
|
Medtronic PLC
|
|
175,247
|
14,541,996
|
|
Merck & Co., Inc.
|
|
343,841
|
26,420,743
|
|
Mettler-Toledo International, Inc.(b)
|
|
2,848
|
3,290,921
|
|
Molina Healthcare, Inc.(b)
|
|
7,474
|
2,279,869
|
|
Natera, Inc.(b)
|
|
17,548
|
2,767,846
|
|
Neurocrine Biosciences, Inc.(b)
|
|
13,519
|
1,663,107
|
|
Pfizer, Inc.
|
|
774,950
|
18,203,576
|
|
Quest Diagnostics, Inc.
|
|
15,251
|
2,643,608
|
|
Regeneron Pharmaceuticals, Inc.
|
|
14,614
|
7,164,952
|
|
ResMed, Inc.
|
|
20,068
|
4,912,446
|
|
Revvity, Inc.(c)
|
|
16,417
|
1,484,425
|
|
Royalty Pharma PLC, Class A(c)
|
|
50,342
|
1,655,245
|
|
Solventum Corp.(b)
|
|
20,093
|
1,468,597
|
|
STERIS PLC
|
|
13,425
|
3,291,944
|
|
Stryker Corp.
|
|
46,939
|
17,960,739
|
|
Thermo Fisher Scientific, Inc.
|
|
51,581
|
20,777,858
|
|
United Therapeutics Corp.(b)
|
|
5,830
|
1,858,896
|
|
UnitedHealth Group, Inc.
|
|
124,987
|
37,734,825
|
|
Universal Health Services, Inc., Class B
|
|
7,919
|
1,507,382
|
|
Veeva Systems, Inc., Class A(b)
|
|
21,119
|
5,906,984
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
35,128
|
15,528,332
|
|
Waters Corp.(b)
|
|
8,130
|
2,839,321
|
|
West Pharmaceutical Services, Inc.
|
|
9,878
|
2,082,776
|
|
Zimmer Biomet Holdings, Inc.
|
|
27,033
|
2,491,632
|
|
Zoetis, Inc.
|
|
60,950
|
10,277,999
|
|
|
|
|
678,640,571
|
|
Industrials-8.89%
|
|||
|
3M Co.
|
|
73,693
|
10,932,357
|
|
AECOM
|
|
18,131
|
1,991,690
|
|
Allegion PLC
|
|
11,791
|
1,682,576
|
|
AMETEK, Inc.
|
|
31,529
|
5,635,493
|
|
Automatic Data Processing, Inc.
|
|
55,595
|
18,097,840
|
|
Axon Enterprise, Inc.(b)
|
|
9,946
|
7,463,081
|
|
Boeing Co. (The)(b)
|
|
102,809
|
21,314,362
|
|
Booz Allen Hamilton Holding Corp.
|
|
17,305
|
1,838,656
|
|
Broadridge Financial Solutions, Inc.
|
|
15,989
|
3,882,609
|
|
Builders FirstSource, Inc.(b)
|
|
15,542
|
1,673,563
|
|
C.H. Robinson Worldwide, Inc.
|
|
16,155
|
1,550,395
|
|
Carlisle Cos., Inc.(c)
|
|
6,033
|
2,293,626
|
|
Carrier Global Corp.
|
|
106,250
|
7,565,000
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Caterpillar, Inc.
|
|
65,305
|
$22,728,099
|
|
Cintas Corp.
|
|
49,656
|
11,247,084
|
|
CNH Industrial N.V.(c)
|
|
119,373
|
1,493,356
|
|
Copart, Inc.(b)
|
|
125,407
|
6,455,952
|
|
CSX Corp.
|
|
258,881
|
8,178,051
|
|
Cummins, Inc.
|
|
18,821
|
6,050,575
|
|
Deere & Co.
|
|
35,232
|
17,836,552
|
|
Delta Air Lines, Inc.
|
|
22,305
|
1,079,339
|
|
Dover Corp.
|
|
18,728
|
3,328,902
|
|
Eaton Corp. PLC
|
|
53,532
|
17,140,946
|
|
EMCOR Group, Inc.
|
|
6,213
|
2,931,666
|
|
Emerson Electric Co.
|
|
77,052
|
9,198,468
|
|
Equifax, Inc.
|
|
17,053
|
4,505,232
|
|
Expeditors International of Washington,
Inc.
|
|
18,823
|
2,121,917
|
|
Fastenal Co.
|
|
156,713
|
6,478,515
|
|
FedEx Corp.
|
|
31,102
|
6,783,346
|
|
Ferguson Enterprises, Inc.
|
|
27,150
|
4,950,531
|
|
Fortive Corp.
|
|
46,497
|
3,263,624
|
|
GE Vernova, Inc.
|
|
37,350
|
17,665,803
|
|
General Dynamics Corp.
|
|
31,171
|
8,680,812
|
|
General Electric Co.
|
|
145,738
|
35,838,432
|
|
Graco, Inc.
|
|
22,974
|
1,944,979
|
|
HEICO Corp.(c)
|
|
6,015
|
1,802,335
|
|
HEICO Corp., Class A(c)
|
|
10,320
|
2,433,869
|
|
Honeywell International, Inc.
|
|
88,648
|
20,093,842
|
|
Howmet Aerospace, Inc.
|
|
52,575
|
8,931,967
|
|
Hubbell, Inc.
|
|
7,320
|
2,851,726
|
|
IDEX Corp.
|
|
10,322
|
1,867,353
|
|
Illinois Tool Works, Inc.
|
|
38,093
|
9,335,832
|
|
Ingersoll Rand, Inc.
|
|
55,077
|
4,496,486
|
|
J.B. Hunt Transport Services, Inc.
|
|
10,932
|
1,517,908
|
|
Jacobs Solutions, Inc.
|
|
16,744
|
2,114,767
|
|
Johnson Controls International PLC
|
|
90,202
|
9,143,777
|
|
L3Harris Technologies, Inc.
|
|
25,650
|
6,267,321
|
|
Leidos Holdings, Inc.
|
|
16,643
|
2,471,818
|
|
Lennox International, Inc.
|
|
4,362
|
2,462,131
|
|
Lockheed Martin Corp.
|
|
28,847
|
13,915,216
|
|
Masco Corp.
|
|
28,920
|
1,805,186
|
|
Nordson Corp.
|
|
7,388
|
1,566,182
|
|
Norfolk Southern Corp.
|
|
30,913
|
7,639,221
|
|
Northrop Grumman Corp.
|
|
18,710
|
9,070,047
|
|
Old Dominion Freight Line, Inc.
|
|
26,138
|
4,186,523
|
|
Otis Worldwide Corp.
|
|
54,059
|
5,154,526
|
|
Owens Corning
|
|
11,688
|
1,565,608
|
|
PACCAR, Inc.
|
|
71,727
|
6,731,579
|
|
Parker-Hannifin Corp.
|
|
17,594
|
11,694,732
|
|
Paychex, Inc.
|
|
44,295
|
6,994,623
|
|
Paycom Software, Inc.
|
|
7,114
|
1,843,166
|
|
Pentair PLC
|
|
22,542
|
2,235,716
|
|
Quanta Services, Inc.
|
|
20,250
|
6,936,840
|
|
Republic Services, Inc.
|
|
29,887
|
7,689,626
|
|
Rockwell Automation, Inc.
|
|
15,450
|
4,875,248
|
|
Rollins, Inc.
|
|
39,769
|
2,276,775
|
|
RTX Corp.
|
|
182,427
|
24,897,637
|
|
Snap-on, Inc.
|
|
7,162
|
2,297,212
|
|
SS&C Technologies Holdings, Inc.
|
|
30,302
|
2,448,705
|
|
Textron, Inc.
|
|
24,817
|
1,837,203
|
|
Trane Technologies PLC
|
|
30,647
|
13,186,485
|
|
TransDigm Group, Inc.
|
|
7,663
|
11,252,579
|
|
TransUnion
|
|
26,664
|
2,283,238
|
|
Uber Technologies, Inc.(b)
|
|
257,175
|
21,643,848
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
U-Haul Holding Co., Series N(c)
|
|
13,262
|
$756,464
|
|
Union Pacific Corp.
|
|
81,891
|
18,151,959
|
|
United Airlines Holdings, Inc.(b)
|
|
11,157
|
886,368
|
|
United Parcel Service, Inc., Class B
|
|
100,223
|
9,775,751
|
|
United Rentals, Inc.
|
|
8,927
|
6,323,708
|
|
Veralto Corp.
|
|
33,894
|
3,424,311
|
|
Verisk Analytics, Inc.
|
|
19,122
|
6,006,985
|
|
Vertiv Holdings Co., Class A
|
|
49,428
|
5,334,764
|
|
W.W. Grainger, Inc.
|
|
6,253
|
6,800,513
|
|
Wabtec Corp.
|
|
23,360
|
4,726,195
|
|
Waste Connections, Inc.
|
|
35,303
|
6,957,868
|
|
Waste Management, Inc.
|
|
54,975
|
13,247,326
|
|
Watsco, Inc.(c)
|
|
4,756
|
2,109,619
|
|
Xylem, Inc.
|
|
33,251
|
4,190,956
|
|
|
|
|
626,335,069
|
|
Information Technology-31.55%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
85,540
|
27,100,783
|
|
Adobe, Inc.(b)
|
|
58,236
|
24,173,181
|
|
Advanced Micro Devices, Inc.(b)
|
|
221,991
|
24,581,063
|
|
Akamai Technologies, Inc.(b)
|
|
19,965
|
1,515,942
|
|
Amphenol Corp., Class A
|
|
165,579
|
14,890,519
|
|
Analog Devices, Inc.
|
|
67,770
|
14,501,425
|
|
ANSYS, Inc.(b)
|
|
11,977
|
3,962,231
|
|
Apple, Inc.
|
|
2,052,623
|
412,269,330
|
|
Applied Materials, Inc.
|
|
111,012
|
17,401,131
|
|
AppLovin Corp., Class A(b)
|
|
31,694
|
12,455,742
|
|
Arista Networks, Inc.(b)
|
|
146,472
|
12,690,334
|
|
Atlassian Corp., Class A(b)
|
|
22,408
|
4,652,573
|
|
Autodesk, Inc.(b)
|
|
29,104
|
8,618,276
|
|
Bentley Systems, Inc., Class B
|
|
21,912
|
1,045,860
|
|
Broadcom, Inc.
|
|
610,353
|
147,748,151
|
|
Cadence Design Systems, Inc.(b)
|
|
37,482
|
10,759,958
|
|
CDW Corp.
|
|
18,005
|
3,247,382
|
|
Cisco Systems, Inc.
|
|
543,596
|
34,268,292
|
|
Cloudflare, Inc., Class A(b)(c)
|
|
42,188
|
6,998,567
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
67,585
|
5,473,709
|
|
Corning, Inc.
|
|
111,217
|
5,515,251
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
33,870
|
15,965,302
|
|
Datadog, Inc., Class A(b)
|
|
39,253
|
4,627,144
|
|
Dell Technologies, Inc., Class C
|
|
44,113
|
4,908,453
|
|
DocuSign, Inc.(b)
|
|
27,668
|
2,451,661
|
|
Dynatrace, Inc.(b)
|
|
40,903
|
2,209,171
|
|
Entegris, Inc.(c)
|
|
20,677
|
1,421,337
|
|
F5, Inc.(b)
|
|
7,878
|
2,248,224
|
|
Fair Isaac Corp.(b)
|
|
3,337
|
5,760,596
|
|
First Solar, Inc.(b)
|
|
13,921
|
2,200,632
|
|
Fortinet, Inc.(b)
|
|
89,332
|
9,092,211
|
|
Gartner, Inc.(b)
|
|
10,496
|
4,580,664
|
|
Gen Digital, Inc.
|
|
71,580
|
2,038,598
|
|
GoDaddy, Inc., Class A(b)
|
|
19,315
|
3,518,227
|
|
Hewlett Packard Enterprise Co.
|
|
179,488
|
3,101,553
|
|
HP, Inc.
|
|
128,811
|
3,207,394
|
|
HubSpot, Inc.(b)
|
|
6,770
|
3,993,623
|
|
Intel Corp.
|
|
595,833
|
11,648,535
|
|
International Business Machines Corp.
|
|
126,702
|
32,823,420
|
|
Intuit, Inc.
|
|
38,199
|
28,781,801
|
|
Jabil, Inc.
|
|
14,668
|
2,464,371
|
|
Juniper Networks, Inc.
|
|
45,527
|
1,635,785
|
|
Keysight Technologies, Inc.(b)
|
|
23,613
|
3,708,186
|
|
KLA Corp.
|
|
18,158
|
13,743,427
|
|
Lam Research Corp.
|
|
175,400
|
14,170,566
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Marvell Technology, Inc.
|
|
118,339
|
$7,122,824
|
|
Microchip Technology, Inc.
|
|
73,488
|
4,265,244
|
|
Micron Technology, Inc.
|
|
152,706
|
14,424,609
|
|
Microsoft Corp.
|
|
964,994
|
444,244,638
|
|
MicroStrategy, Inc., Class A(b)(c)
|
|
33,818
|
12,480,871
|
|
MongoDB, Inc.(b)
|
|
11,094
|
2,094,880
|
|
Monolithic Power Systems, Inc.
|
|
6,540
|
4,328,826
|
|
Motorola Solutions, Inc.
|
|
22,803
|
9,471,910
|
|
NetApp, Inc.
|
|
28,199
|
2,796,213
|
|
Nutanix, Inc., Class A(b)
|
|
34,615
|
2,654,624
|
|
NVIDIA Corp.
|
|
3,334,028
|
450,527,204
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
34,655
|
6,623,610
|
|
Okta, Inc.(b)(c)
|
|
22,658
|
2,337,626
|
|
ON Semiconductor Corp.(b)
|
|
57,669
|
2,423,251
|
|
Oracle Corp.
|
|
229,903
|
38,055,844
|
|
Palantir Technologies, Inc., Class A(b)
|
|
292,692
|
38,570,952
|
|
Palo Alto Networks, Inc.(b)
|
|
90,470
|
17,408,237
|
|
PTC, Inc.(b)
|
|
16,441
|
2,767,349
|
|
Pure Storage, Inc., Class A(b)(c)
|
|
42,320
|
2,267,929
|
|
QUALCOMM, Inc.
|
|
151,124
|
21,943,205
|
|
Roper Technologies, Inc.
|
|
14,673
|
8,367,572
|
|
Salesforce, Inc.
|
|
131,312
|
34,846,265
|
|
Samsara, Inc., Class A(b)(c)
|
|
38,908
|
1,810,778
|
|
Seagate Technology Holdings PLC(c)
|
|
28,928
|
3,411,768
|
|
ServiceNow, Inc.(b)
|
|
28,285
|
28,598,681
|
|
Snowflake, Inc., Class A(b)
|
|
43,369
|
8,919,702
|
|
Super Micro Computer, Inc.(b)(c)
|
|
68,930
|
2,758,579
|
|
Synopsys, Inc.(b)
|
|
21,127
|
9,802,505
|
|
TE Connectivity PLC (Switzerland)
|
|
40,767
|
6,525,574
|
|
Teledyne Technologies, Inc.(b)
|
|
6,400
|
3,192,704
|
|
Teradyne, Inc.
|
|
22,073
|
1,734,938
|
|
Texas Instruments, Inc.
|
|
124,332
|
22,734,106
|
|
Trimble, Inc.(b)
|
|
33,585
|
2,393,603
|
|
Twilio, Inc., Class A(b)
|
|
19,894
|
2,341,524
|
|
Tyler Technologies, Inc.(b)
|
|
5,890
|
3,398,471
|
|
VeriSign, Inc.
|
|
11,576
|
3,154,113
|
|
Western Digital Corp.(b)
|
|
47,238
|
2,435,119
|
|
Workday, Inc., Class A(b)
|
|
29,418
|
7,287,133
|
|
Zebra Technologies Corp., Class A(b)
|
|
6,988
|
2,024,913
|
|
Zoom Communications, Inc., Class A(b)
|
|
34,314
|
2,788,012
|
|
Zscaler, Inc.(b)(c)
|
|
13,742
|
3,788,669
|
|
|
|
|
2,223,295,156
|
|
Materials-2.03%
|
|||
|
Air Products and Chemicals, Inc.
|
|
30,399
|
8,478,585
|
|
Amcor PLC
|
|
312,086
|
2,843,103
|
|
Avery Dennison Corp.
|
|
10,790
|
1,917,707
|
|
Ball Corp.
|
|
36,655
|
1,963,975
|
|
CF Industries Holdings, Inc.
|
|
22,746
|
2,063,290
|
|
Corteva, Inc.
|
|
93,327
|
6,607,552
|
|
CRH PLC
|
|
92,615
|
8,442,783
|
|
Crown Holdings, Inc.
|
|
15,982
|
1,574,227
|
|
Dow, Inc.
|
|
96,172
|
2,667,811
|
|
DuPont de Nemours, Inc.
|
|
57,184
|
3,819,891
|
|
Ecolab, Inc.
|
|
34,880
|
9,264,826
|
|
Freeport-McMoRan, Inc.
|
|
196,362
|
7,556,010
|
|
International Flavors & Fragrances, Inc.
|
|
34,944
|
2,675,313
|
|
International Paper Co.
|
|
68,523
|
3,276,085
|
|
Linde PLC
|
|
64,619
|
30,214,552
|
|
LyondellBasell Industries N.V., Class A
|
|
35,290
|
1,993,532
|
|
Martin Marietta Materials, Inc.
|
|
8,332
|
4,562,187
|
|
Newmont Corp.
|
|
154,029
|
8,120,409
|
|
Nucor Corp.
|
|
31,529
|
3,448,011
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Packaging Corp. of America
|
|
12,288
|
$2,373,673
|
|
PPG Industries, Inc.
|
|
31,014
|
3,436,351
|
|
Reliance, Inc.
|
|
7,227
|
2,116,210
|
|
RPM International, Inc.(c)
|
|
17,548
|
1,997,664
|
|
Sherwin-Williams Co. (The)
|
|
32,648
|
11,714,429
|
|
Smurfit WestRock PLC
|
|
71,323
|
3,090,426
|
|
Steel Dynamics, Inc.
|
|
19,458
|
2,394,696
|
|
Vulcan Materials Co.
|
|
18,050
|
4,784,513
|
|
|
|
|
143,397,811
|
|
Real Estate-2.23%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
21,286
|
1,494,064
|
|
American Homes 4 Rent, Class A
|
|
45,443
|
1,720,018
|
|
American Tower Corp.
|
|
63,964
|
13,729,873
|
|
AvalonBay Communities, Inc.
|
|
19,453
|
4,022,297
|
|
BXP, Inc.(c)
|
|
20,552
|
1,383,766
|
|
Camden Property Trust
|
|
14,587
|
1,713,827
|
|
CBRE Group, Inc., Class A(b)
|
|
40,973
|
5,122,444
|
|
CoStar Group, Inc.(b)
|
|
57,630
|
4,239,263
|
|
Crown Castle, Inc.
|
|
59,498
|
5,970,624
|
|
Digital Realty Trust, Inc.
|
|
46,014
|
7,892,321
|
|
Equinix, Inc.
|
|
13,366
|
11,879,968
|
|
Equity LifeStyle Properties, Inc.
|
|
24,812
|
1,577,299
|
|
Equity Residential
|
|
46,695
|
3,275,187
|
|
Essex Property Trust, Inc.
|
|
8,789
|
2,495,197
|
|
Extra Space Storage, Inc.
|
|
28,999
|
4,383,199
|
|
Gaming and Leisure Properties, Inc.
|
|
37,553
|
1,753,725
|
|
Healthpeak Properties, Inc.
|
|
95,457
|
1,661,906
|
|
Invitation Homes, Inc.
|
|
79,557
|
2,681,071
|
|
Iron Mountain, Inc.
|
|
40,137
|
3,961,923
|
|
Kimco Realty Corp.
|
|
92,847
|
1,973,927
|
|
Mid-America Apartment Communities, Inc.
|
|
15,974
|
2,502,327
|
|
Prologis, Inc.
|
|
126,663
|
13,755,602
|
|
Public Storage
|
|
21,572
|
6,653,021
|
|
Realty Income Corp.
|
|
121,852
|
6,899,260
|
|
Regency Centers Corp.
|
|
23,564
|
1,700,143
|
|
SBA Communications Corp., Class A
|
|
14,761
|
3,422,928
|
|
Simon Property Group, Inc.
|
|
44,578
|
7,269,334
|
|
Sun Communities, Inc.(c)
|
|
17,434
|
2,152,053
|
|
UDR, Inc.
|
|
42,990
|
1,781,076
|
|
Ventas, Inc.
|
|
59,807
|
3,844,394
|
|
VICI Properties, Inc.
|
|
144,388
|
4,578,544
|
|
W.P. Carey, Inc.(c)
|
|
29,921
|
1,877,842
|
|
Welltower, Inc.
|
|
88,600
|
13,669,208
|
|
Weyerhaeuser Co.
|
|
99,180
|
2,569,754
|
|
Zillow Group, Inc., Class C(b)(c)
|
|
22,383
|
1,502,123
|
|
|
|
|
157,109,508
|
|
Utilities-2.42%
|
|||
|
Alliant Energy Corp.
|
|
35,099
|
2,184,211
|
|
Ameren Corp.
|
|
36,914
|
3,576,228
|
|
American Electric Power Co., Inc.
|
|
72,964
|
7,551,044
|
|
American Water Works Co., Inc.
|
|
26,646
|
3,809,579
|
|
Atmos Energy Corp.
|
|
21,689
|
3,354,855
|
|
CenterPoint Energy, Inc.(c)
|
|
89,053
|
3,316,334
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
CMS Energy Corp.
|
|
40,871
|
$2,870,370
|
|
Consolidated Edison, Inc.
|
|
49,218
|
5,142,789
|
|
Constellation Energy Corp.
|
|
42,811
|
13,106,588
|
|
Dominion Energy, Inc.
|
|
116,447
|
6,599,051
|
|
DTE Energy Co.
|
|
28,355
|
3,874,711
|
|
Duke Energy Corp.
|
|
106,173
|
12,498,686
|
|
Edison International
|
|
52,610
|
2,927,747
|
|
Entergy Corp.
|
|
59,165
|
4,927,261
|
|
Essential Utilities, Inc.
|
|
35,765
|
1,378,025
|
|
Evergy, Inc.
|
|
31,429
|
2,087,200
|
|
Eversource Energy
|
|
50,158
|
3,250,740
|
|
Exelon Corp.
|
|
137,943
|
6,044,662
|
|
FirstEnergy Corp.
|
|
74,916
|
3,141,977
|
|
NextEra Energy, Inc.
|
|
281,285
|
19,869,972
|
|
NiSource, Inc.
|
|
64,304
|
2,542,580
|
|
NRG Energy, Inc.
|
|
27,829
|
4,338,541
|
|
PG&E Corp.
|
|
300,293
|
5,068,946
|
|
PPL Corp.
|
|
100,984
|
3,509,194
|
|
Public Service Enterprise Group, Inc.
|
|
68,124
|
5,520,088
|
|
Sempra
|
|
89,078
|
7,000,640
|
|
Southern Co. (The)
|
|
149,868
|
13,488,120
|
|
Vistra Corp.
|
|
46,479
|
7,463,133
|
|
WEC Energy Group, Inc.
|
|
43,601
|
4,684,491
|
|
Xcel Energy, Inc.
|
|
78,706
|
5,517,291
|
|
|
|
|
170,645,054
|
|
Total Common Stocks & Other Equity Interests
(Cost $5,971,699,714)
|
7,042,228,036
|
||
|
Money Market Funds-0.06%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $3,913,910)
|
|
3,913,910
|
3,913,910
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $5,975,613,624)
|
7,046,141,946
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.98%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
19,469,235
|
19,469,235
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
49,858,995
|
49,868,967
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $69,338,202)
|
69,338,202
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.96%
(Cost $6,044,951,826)
|
7,115,480,148
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.96)%
|
(67,613,996
)
|
||
|
NET ASSETS-100.00%
|
$7,047,866,152
|
||
|
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)
|
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
|
$-
|
$74,137,397
|
$(70,223,487
)
|
$-
|
$-
|
$3,913,910
|
$70,330
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
19,682,463
|
204,108,786
|
(204,322,014
)
|
-
|
-
|
19,469,235
|
762,933
*
|
|
Invesco Private Prime
Fund
|
48,906,162
|
396,815,533
|
(395,839,861
)
|
(2,592
)
|
(10,275
)
|
49,868,967
|
2,035,810
*
|
|
Total
|
$68,588,625
|
$675,061,716
|
$(670,385,362
)
|
$(2,592
)
|
$(10,275
)
|
$73,252,112
|
$2,869,073
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.95%
|
|||
|
Communication Services-7.13%
|
|||
|
Alphabet, Inc., Class A
|
|
2,464
|
$423,167
|
|
Angi, Inc.(b)(c)
|
|
4,825
|
75,511
|
|
AT&T, Inc.
|
|
125,631
|
3,492,542
|
|
Charter Communications, Inc., Class A(b)
|
|
9,495
|
3,762,584
|
|
Comcast Corp., Class A
|
|
94,500
|
3,266,865
|
|
Electronic Arts, Inc.
|
|
2,409
|
346,366
|
|
Fox Corp., Class A
|
|
6,475
|
355,737
|
|
Frontier Communications Parent, Inc.(b)
|
|
91,496
|
3,314,900
|
|
IAC, Inc.(b)(c)
|
|
9,188
|
330,400
|
|
Interpublic Group of Cos., Inc. (The)
|
|
12,676
|
303,717
|
|
Iridium Communications, Inc.
|
|
122,151
|
3,102,635
|
|
Liberty Broadband Corp.(b)(d)
|
|
22,093
|
0
|
|
Liberty Broadband Corp., Class C(b)
|
|
41,463
|
3,889,229
|
|
Liberty Global Ltd., Class C (Belgium)(b)(c)
|
|
273,957
|
2,706,695
|
|
Liberty Media Corp.-Liberty Formula One(b)(c)
|
|
3,938
|
380,135
|
|
Liberty Media Corp.-Liberty Live, Series C(b)
|
|
5,268
|
384,301
|
|
Live Nation Entertainment, Inc.(b)
|
|
2,850
|
390,991
|
|
Madison Square Garden Sports Corp.,
Class A(b)
|
|
1,775
|
337,055
|
|
Match Group, Inc.
|
|
13,302
|
398,262
|
|
Meta Platforms, Inc., Class A
|
|
713
|
461,660
|
|
Netflix, Inc.(b)
|
|
382
|
461,162
|
|
New York Times Co. (The), Class A
|
|
6,915
|
394,985
|
|
News Corp., Class A
|
|
12,583
|
355,344
|
|
Nexstar Media Group, Inc., Class A
|
|
1,967
|
335,216
|
|
Omnicom Group, Inc.
|
|
4,163
|
305,731
|
|
Paramount Global, Class B(c)
|
|
28,416
|
343,834
|
|
Pinterest, Inc., Class A(b)
|
|
12,851
|
399,795
|
|
Playtika Holding Corp.(c)
|
|
71,427
|
338,564
|
|
Roblox Corp., Class A(b)
|
|
5,931
|
515,878
|
|
Roku, Inc., Class A(b)
|
|
48,506
|
3,514,745
|
|
Sirius XM Holdings, Inc.(c)
|
|
15,155
|
328,560
|
|
Spotify Technology S.A. (Sweden)(b)
|
|
612
|
407,066
|
|
Take-Two Interactive Software, Inc.(b)
|
|
1,623
|
367,252
|
|
TKO Group Holdings, Inc.
|
|
2,341
|
369,433
|
|
T-Mobile US, Inc.
|
|
12,655
|
3,065,041
|
|
Trade Desk, Inc. (The), Class A(b)
|
|
6,144
|
462,152
|
|
TripAdvisor, Inc.(b)
|
|
24,180
|
344,323
|
|
Trump Media & Technology Group Corp.(b)(c)
|
|
20,885
|
445,477
|
|
Verizon Communications, Inc.
|
|
75,011
|
3,297,484
|
|
Walt Disney Co. (The)
|
|
3,407
|
385,127
|
|
Warner Bros. Discovery, Inc.(b)
|
|
33,436
|
333,357
|
|
ZoomInfo Technologies, Inc., Class A(b)(c)
|
|
38,114
|
363,989
|
|
|
|
|
44,857,267
|
|
Consumer Discretionary-7.11%
|
|||
|
ADT, Inc.
|
|
39,709
|
330,379
|
|
Advance Auto Parts, Inc.(c)
|
|
8,665
|
415,313
|
|
Airbnb, Inc., Class A(b)
|
|
2,766
|
356,814
|
|
Amazon.com, Inc.(b)
|
|
1,702
|
348,927
|
|
Amer Sports, Inc. (Finland)(b)(c)
|
|
12,436
|
452,422
|
|
Aptiv PLC (Jersey)(b)
|
|
5,319
|
355,362
|
|
Aramark(c)
|
|
9,603
|
388,921
|
|
AutoNation, Inc.(b)
|
|
2,111
|
388,107
|
|
AutoZone, Inc.(b)
|
|
98
|
365,838
|
|
Bath & Body Works, Inc.
|
|
11,625
|
326,895
|
|
Best Buy Co., Inc.
|
|
4,706
|
311,914
|
|
Birkenstock Holding PLC (Germany)(b)(c)
|
|
7,529
|
404,910
|
|
Booking Holdings, Inc.
|
|
81
|
447,033
|
|
BorgWarner, Inc.
|
|
11,913
|
394,201
|
|
Boyd Gaming Corp.
|
|
5,036
|
377,549
|
|
Bright Horizons Family Solutions, Inc.(b)
|
|
2,679
|
346,127
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
Brunswick Corp.
|
|
5,174
|
$261,908
|
|
Burlington Stores, Inc.(b)(c)
|
|
1,452
|
331,448
|
|
Caesars Entertainment, Inc., (Acquired
06/25/2021 - 05/16/2025;
Cost $653,709)(b)(e)
|
|
12,427
|
334,038
|
|
Capri Holdings Ltd.(b)(c)
|
|
15,665
|
283,850
|
|
CarMax, Inc.(b)
|
|
4,775
|
307,797
|
|
Carnival Corp.(b)
|
|
17,301
|
401,729
|
|
Carter’s, Inc.
|
|
8,298
|
260,308
|
|
Carvana Co.(b)(c)
|
|
1,988
|
650,394
|
|
Cava Group, Inc.(b)
|
|
4,458
|
362,302
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
6,789
|
339,993
|
|
Choice Hotels International, Inc.(c)
|
|
2,588
|
327,848
|
|
Churchill Downs, Inc.(c)
|
|
3,076
|
293,666
|
|
Columbia Sportswear Co.(c)
|
|
4,242
|
270,555
|
|
Coupang, Inc. (South Korea)(b)
|
|
14,907
|
418,141
|
|
Crocs, Inc.(b)
|
|
3,303
|
336,906
|
|
D.R. Horton, Inc.
|
|
2,640
|
311,678
|
|
Darden Restaurants, Inc.
|
|
1,819
|
389,648
|
|
Deckers Outdoor Corp.(b)
|
|
2,820
|
297,566
|
|
Dick’s Sporting Goods, Inc.
|
|
1,767
|
316,894
|
|
Dillard’s, Inc., Class A(c)
|
|
916
|
362,754
|
|
Domino’s Pizza, Inc.
|
|
812
|
384,742
|
|
DoorDash, Inc., Class A(b)
|
|
2,241
|
467,585
|
|
DraftKings, Inc., Class A(b)
|
|
8,942
|
320,839
|
|
Duolingo, Inc.(b)
|
|
1,261
|
655,228
|
|
Dutch Bros, Inc., Class A(b)
|
|
5,524
|
398,833
|
|
eBay, Inc.
|
|
5,152
|
376,972
|
|
Etsy, Inc.(b)
|
|
7,447
|
412,191
|
|
Expedia Group, Inc.
|
|
2,105
|
351,009
|
|
Five Below, Inc.(b)
|
|
4,583
|
534,240
|
|
Floor & Decor Holdings, Inc., Class A(b)(c)
|
|
3,885
|
278,516
|
|
Ford Motor Co.
|
|
34,708
|
360,269
|
|
GameStop Corp., Class A(b)
|
|
15,075
|
449,235
|
|
Gap, Inc. (The)
|
|
15,928
|
355,354
|
|
Garmin Ltd.
|
|
1,580
|
320,693
|
|
General Motors Co.
|
|
7,016
|
348,064
|
|
Gentex Corp.
|
|
13,857
|
298,895
|
|
Genuine Parts Co.
|
|
2,765
|
349,828
|
|
Grand Canyon Education, Inc.(b)
|
|
2,009
|
397,471
|
|
H&R Block, Inc.
|
|
6,627
|
377,408
|
|
Harley-Davidson, Inc.
|
|
13,668
|
330,902
|
|
Hasbro, Inc.
|
|
5,584
|
372,509
|
|
Hilton Worldwide Holdings, Inc.
|
|
1,494
|
371,169
|
|
Home Depot, Inc. (The)
|
|
956
|
352,085
|
|
Hyatt Hotels Corp., Class A
|
|
2,729
|
360,310
|
|
Kohl’s Corp.(c)
|
|
40,279
|
327,468
|
|
Las Vegas Sands Corp.
|
|
7,737
|
318,455
|
|
Lear Corp.
|
|
3,542
|
320,268
|
|
Leggett & Platt, Inc.
|
|
41,387
|
374,966
|
|
Lennar Corp., Class A
|
|
2,837
|
300,949
|
|
Light & Wonder, Inc.(b)(c)
|
|
3,255
|
293,341
|
|
Lithia Motors, Inc., Class A
|
|
1,155
|
366,031
|
|
LKQ Corp.
|
|
8,009
|
324,124
|
|
Lowe’s Cos., Inc.
|
|
1,488
|
335,886
|
|
Lucid Group, Inc.(b)(c)
|
|
162,928
|
363,329
|
|
lululemon athletica, inc.(b)
|
|
1,068
|
338,204
|
|
Macy’s, Inc.
|
|
24,248
|
288,309
|
|
Marriott International, Inc., Class A
|
|
1,399
|
369,098
|
|
Marriott Vacations Worldwide Corp.
|
|
4,974
|
327,588
|
|
Mattel, Inc.(b)
|
|
16,825
|
318,666
|
|
McDonald’s Corp.
|
|
1,110
|
348,373
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
MGM Resorts International(b)
|
|
10,970
|
$347,200
|
|
Mohawk Industries, Inc.(b)
|
|
2,621
|
263,699
|
|
Murphy USA, Inc.
|
|
788
|
336,311
|
|
Newell Brands, Inc.
|
|
50,800
|
269,240
|
|
NIKE, Inc., Class B
|
|
4,559
|
276,230
|
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
17,852
|
315,088
|
|
NVR, Inc.(b)
|
|
49
|
348,681
|
|
Ollie’s Bargain Outlet Holdings, Inc.(b)(c)
|
|
3,264
|
363,773
|
|
O’Reilly Automotive, Inc.(b)
|
|
271
|
370,592
|
|
PENN Entertainment, Inc.(b)(c)
|
|
20,384
|
302,295
|
|
Penske Automotive Group, Inc.
|
|
2,216
|
363,823
|
|
Planet Fitness, Inc., Class A(b)
|
|
3,551
|
365,149
|
|
Polaris, Inc.
|
|
7,834
|
307,249
|
|
Pool Corp.(c)
|
|
1,032
|
310,209
|
|
PulteGroup, Inc.
|
|
3,269
|
320,460
|
|
PVH Corp.
|
|
5,173
|
433,342
|
|
QuantumScape Corp.(b)(c)
|
|
79,695
|
318,780
|
|
Ralph Lauren Corp.
|
|
1,528
|
422,966
|
|
RH(b)(c)
|
|
1,528
|
276,736
|
|
Rivian Automotive, Inc., Class A(b)(c)
|
|
31,171
|
452,915
|
|
Ross Stores, Inc.
|
|
2,681
|
375,581
|
|
Royal Caribbean Cruises Ltd.
|
|
1,591
|
408,839
|
|
Service Corp. International
|
|
4,208
|
328,224
|
|
SharkNinja, Inc.(b)(c)
|
|
3,800
|
349,334
|
|
Skechers U.S.A., Inc., Class A(b)
|
|
5,906
|
366,408
|
|
Somnigroup International, Inc.
|
|
6,013
|
391,206
|
|
Starbucks Corp.
|
|
3,451
|
289,711
|
|
Tapestry, Inc.
|
|
4,745
|
372,720
|
|
Tesla, Inc.(b)
|
|
1,381
|
478,461
|
|
Texas Roadhouse, Inc.
|
|
1,976
|
385,735
|
|
Thor Industries, Inc.(c)
|
|
4,305
|
349,523
|
|
TJX Cos., Inc. (The)
|
|
2,939
|
372,959
|
|
Toll Brothers, Inc.
|
|
3,209
|
334,538
|
|
TopBuild Corp.(b)
|
|
987
|
279,212
|
|
Tractor Supply Co.(c)
|
|
6,400
|
309,760
|
|
Travel + Leisure Co.
|
|
7,087
|
344,216
|
|
Ulta Beauty, Inc.(b)
|
|
1,052
|
495,976
|
|
Under Armour, Inc., Class A(b)(c)
|
|
46,915
|
314,800
|
|
V.F. Corp.
|
|
20,283
|
252,726
|
|
Vail Resorts, Inc.(c)
|
|
2,072
|
331,872
|
|
Valvoline, Inc.(b)
|
|
9,499
|
328,570
|
|
Wayfair, Inc., Class A(b)(c)
|
|
10,665
|
439,825
|
|
Wendy’s Co. (The)
|
|
21,686
|
247,220
|
|
Whirlpool Corp.(c)
|
|
3,733
|
291,510
|
|
Williams-Sonoma, Inc.
|
|
2,007
|
324,652
|
|
Wingstop, Inc.
|
|
1,559
|
532,710
|
|
Wyndham Hotels & Resorts, Inc.
|
|
3,768
|
311,915
|
|
Wynn Resorts Ltd.
|
|
3,981
|
360,440
|
|
YETI Holdings, Inc.(b)
|
|
10,367
|
316,816
|
|
Yum! Brands, Inc.
|
|
2,154
|
310,047
|
|
|
|
|
44,769,781
|
|
Consumer Staples-8.97%
|
|||
|
Albertson’s Cos., Inc., Class A
|
|
47,550
|
1,057,036
|
|
Altria Group, Inc.
|
|
17,176
|
1,041,037
|
|
Archer-Daniels-Midland Co.
|
|
21,313
|
1,028,778
|
|
BellRing Brands, Inc.(b)
|
|
15,216
|
957,847
|
|
BJ’s Wholesale Club Holdings, Inc., Class C(b)
|
|
3,065
|
346,989
|
|
Boston Beer Co., Inc. (The), Class A(b)
|
|
4,532
|
1,041,680
|
|
Brown-Forman Corp., Class B
|
|
28,999
|
966,827
|
|
Bunge Global S.A.
|
|
13,695
|
1,070,264
|
|
Casey’s General Stores, Inc.
|
|
2,618
|
1,146,056
|
|
Celsius Holdings, Inc.(b)(c)
|
|
37,849
|
1,433,720
|
|
|
Shares
|
Value
|
|
|
Consumer Staples-(continued)
|
|||
|
Church & Dwight Co., Inc.
|
|
9,424
|
$926,473
|
|
Clorox Co. (The)
|
|
6,835
|
901,400
|
|
Coca-Cola Co. (The)
|
|
14,770
|
1,064,917
|
|
Coca-Cola Consolidated, Inc.
|
|
7,895
|
905,162
|
|
Colgate-Palmolive Co.
|
|
11,129
|
1,034,329
|
|
Conagra Brands, Inc.
|
|
38,913
|
890,719
|
|
Constellation Brands, Inc., Class A
|
|
5,662
|
1,009,478
|
|
Costco Wholesale Corp.
|
|
382
|
397,349
|
|
Coty, Inc., Class A(b)(c)
|
|
60,902
|
300,247
|
|
Darling Ingredients, Inc.(b)(c)
|
|
35,960
|
1,120,514
|
|
Dollar General Corp.
|
|
4,139
|
402,518
|
|
Dollar Tree, Inc.(b)
|
|
5,035
|
454,459
|
|
e.l.f. Beauty, Inc.(b)(c)
|
|
5,253
|
590,910
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
5,105
|
341,729
|
|
Flowers Foods, Inc.
|
|
54,378
|
918,988
|
|
Freshpet, Inc.(b)(c)
|
|
11,647
|
933,623
|
|
General Mills, Inc.
|
|
16,839
|
913,684
|
|
Grocery Outlet Holding Corp.(b)(c)
|
|
81,079
|
1,101,053
|
|
Hershey Co. (The)
|
|
5,982
|
961,248
|
|
Hormel Foods Corp.
|
|
34,076
|
1,045,452
|
|
Ingredion, Inc.
|
|
7,731
|
1,075,537
|
|
J.M. Smucker Co. (The)
|
|
9,014
|
1,015,067
|
|
Kellanova
|
|
12,237
|
1,011,143
|
|
Kenvue, Inc.
|
|
43,459
|
1,037,366
|
|
Keurig Dr Pepper, Inc.
|
|
30,444
|
1,025,049
|
|
Kimberly-Clark Corp.
|
|
7,202
|
1,035,359
|
|
Kraft Heinz Co. (The)
|
|
33,263
|
889,120
|
|
Kroger Co. (The)
|
|
15,248
|
1,040,371
|
|
Lamb Weston Holdings, Inc.
|
|
20,704
|
1,154,869
|
|
Maplebear, Inc.(b)
|
|
10,681
|
487,801
|
|
McCormick & Co., Inc.
|
|
12,493
|
908,616
|
|
Molson Coors Beverage Co., Class B
|
|
17,550
|
940,504
|
|
Mondelez International, Inc., Class A
|
|
15,934
|
1,075,386
|
|
Monster Beverage Corp.(b)
|
|
18,539
|
1,185,569
|
|
PepsiCo, Inc.
|
|
6,797
|
893,466
|
|
Performance Food Group Co.(b)
|
|
13,717
|
1,228,494
|
|
Philip Morris International, Inc.
|
|
6,706
|
1,211,037
|
|
Pilgrim’s Pride Corp.
|
|
20,045
|
985,412
|
|
Post Holdings, Inc.(b)
|
|
9,020
|
997,522
|
|
Procter & Gamble Co. (The)
|
|
6,082
|
1,033,271
|
|
Reynolds Consumer Products, Inc.
|
|
43,974
|
970,946
|
|
Seaboard Corp.
|
|
388
|
1,038,746
|
|
Smithfield Foods, Inc.
|
|
53,103
|
1,241,548
|
|
Spectrum Brands Holdings, Inc.
|
|
14,235
|
822,356
|
|
Sysco Corp.
|
|
14,134
|
1,031,782
|
|
Target Corp.
|
|
3,165
|
297,542
|
|
The Campbell’s Company(c)
|
|
26,803
|
912,374
|
|
Tyson Foods, Inc., Class A
|
|
16,800
|
943,488
|
|
US Foods Holding Corp.(b)
|
|
15,824
|
1,251,995
|
|
Walgreens Boots Alliance, Inc.
|
|
89,504
|
1,006,920
|
|
Walmart, Inc.
|
|
3,907
|
385,699
|
|
|
|
|
56,438,841
|
|
Energy-7.93%
|
|||
|
Antero Midstream Corp.
|
|
79,878
|
1,500,109
|
|
Antero Resources Corp.(b)
|
|
37,153
|
1,391,380
|
|
APA Corp.
|
|
70,978
|
1,207,336
|
|
Baker Hughes Co., Class A
|
|
32,373
|
1,199,420
|
|
Cheniere Energy, Inc.
|
|
6,386
|
1,513,418
|
|
Chevron Corp.
|
|
8,810
|
1,204,327
|
|
Chord Energy Corp.
|
|
13,090
|
1,178,100
|
|
Civitas Resources, Inc.
|
|
41,410
|
1,133,392
|
|
ConocoPhillips
|
|
14,065
|
1,200,448
|
|
|
Shares
|
Value
|
|
|
Energy-(continued)
|
|||
|
Coterra Energy, Inc.
|
|
50,593
|
$1,229,916
|
|
Devon Energy Corp.
|
|
40,010
|
1,210,703
|
|
Diamondback Energy, Inc.
|
|
9,285
|
1,249,297
|
|
DT Midstream, Inc.
|
|
14,469
|
1,515,483
|
|
EOG Resources, Inc.
|
|
11,158
|
1,211,424
|
|
EQT Corp.
|
|
27,652
|
1,524,455
|
|
Expand Energy Corp.
|
|
13,350
|
1,550,335
|
|
Exxon Mobil Corp.
|
|
12,453
|
1,273,942
|
|
Halliburton Co.
|
|
55,528
|
1,087,793
|
|
Hess Corp.
|
|
9,399
|
1,242,454
|
|
HF Sinclair Corp.
|
|
43,532
|
1,572,811
|
|
Kinder Morgan, Inc.
|
|
50,916
|
1,427,685
|
|
Marathon Petroleum Corp.
|
|
9,875
|
1,587,307
|
|
Matador Resources Co.
|
|
28,817
|
1,239,419
|
|
New Fortress Energy, Inc.(c)
|
|
158,392
|
394,396
|
|
NOV, Inc.
|
|
96,619
|
1,159,428
|
|
Occidental Petroleum Corp.
|
|
29,730
|
1,212,389
|
|
ONEOK, Inc.
|
|
14,444
|
1,167,653
|
|
Ovintiv, Inc.
|
|
34,914
|
1,250,619
|
|
Permian Resources Corp.
|
|
104,540
|
1,318,249
|
|
Phillips 66
|
|
11,038
|
1,252,592
|
|
Range Resources Corp.
|
|
36,073
|
1,372,217
|
|
Schlumberger N.V.
|
|
33,848
|
1,118,676
|
|
Targa Resources Corp.
|
|
7,392
|
1,167,419
|
|
TechnipFMC PLC (United Kingdom)
|
|
51,020
|
1,589,273
|
|
Texas Pacific Land Corp.(c)
|
|
1,076
|
1,198,696
|
|
Valero Energy Corp.
|
|
10,734
|
1,384,364
|
|
Viper Energy, Inc.
|
|
32,610
|
1,294,291
|
|
Weatherford International PLC
|
|
26,038
|
1,135,257
|
|
Williams Cos., Inc. (The)
|
|
24,074
|
1,456,718
|
|
|
|
|
49,923,191
|
|
Financials-10.21%
|
|||
|
Affiliated Managers Group, Inc.
|
|
2,524
|
444,224
|
|
Affirm Holdings, Inc.(b)(c)
|
|
6,202
|
321,884
|
|
Aflac, Inc.
|
|
3,805
|
393,970
|
|
AGNC Investment Corp.
|
|
39,840
|
356,170
|
|
Allstate Corp. (The)
|
|
1,985
|
416,592
|
|
Ally Financial, Inc.
|
|
12,132
|
424,620
|
|
American Express Co.
|
|
1,131
|
332,571
|
|
American Financial Group, Inc.
|
|
3,201
|
396,860
|
|
American International Group, Inc.
|
|
4,903
|
414,990
|
|
Ameriprise Financial, Inc.
|
|
863
|
439,474
|
|
Annaly Capital Management, Inc.
|
|
18,970
|
359,481
|
|
Aon PLC, Class A
|
|
1,017
|
378,405
|
|
Apollo Global Management, Inc.
|
|
3,076
|
402,002
|
|
Arch Capital Group Ltd.
|
|
4,421
|
420,172
|
|
Ares Management Corp., Class A
|
|
2,848
|
471,344
|
|
Arthur J. Gallagher & Co.
|
|
1,234
|
428,741
|
|
Assurant, Inc.
|
|
1,966
|
399,059
|
|
Assured Guaranty Ltd.
|
|
4,757
|
402,204
|
|
AXIS Capital Holdings Ltd.
|
|
4,365
|
453,087
|
|
Bank of America Corp.
|
|
10,087
|
445,139
|
|
Bank of New York Mellon Corp. (The)
|
|
5,032
|
445,886
|
|
Bank OZK(c)
|
|
9,326
|
413,422
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
812
|
409,216
|
|
BlackRock, Inc.
|
|
451
|
441,930
|
|
Blackstone, Inc., Class A
|
|
2,939
|
407,816
|
|
Block, Inc., Class A(b)
|
|
5,376
|
331,968
|
|
Blue Owl Capital, Inc.
|
|
21,646
|
404,347
|
|
BOK Financial Corp.
|
|
4,044
|
381,834
|
|
Brighthouse Financial, Inc.(b)
|
|
7,506
|
448,934
|
|
Brown & Brown, Inc.
|
|
3,389
|
382,618
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Capital One Financial Corp.
|
|
4,428
|
$837,556
|
|
Carlyle Group, Inc. (The)
|
|
9,887
|
446,892
|
|
Cboe Global Markets, Inc.
|
|
1,882
|
431,204
|
|
Charles Schwab Corp. (The)
|
|
5,440
|
480,570
|
|
Chubb Ltd.
|
|
1,393
|
414,000
|
|
Cincinnati Financial Corp.
|
|
2,813
|
424,257
|
|
Citigroup, Inc.
|
|
5,949
|
448,079
|
|
Citizens Financial Group, Inc.
|
|
10,073
|
406,446
|
|
CME Group, Inc., Class A
|
|
1,542
|
445,638
|
|
CNA Financial Corp.
|
|
8,328
|
398,994
|
|
Coinbase Global, Inc., Class A(b)
|
|
2,251
|
555,142
|
|
Columbia Banking System, Inc.
|
|
16,724
|
391,007
|
|
Comerica, Inc.
|
|
7,010
|
400,201
|
|
Commerce Bancshares, Inc.
|
|
6,803
|
428,657
|
|
Corebridge Financial, Inc.
|
|
13,104
|
427,321
|
|
Corpay, Inc.(b)
|
|
890
|
289,348
|
|
Credit Acceptance Corp.(b)(c)
|
|
887
|
423,365
|
|
Cullen/Frost Bankers, Inc.
|
|
3,334
|
423,351
|
|
East West Bancorp, Inc.
|
|
4,708
|
429,370
|
|
Equitable Holdings, Inc.
|
|
8,074
|
426,872
|
|
Euronet Worldwide, Inc.(b)
|
|
2,873
|
311,088
|
|
Evercore, Inc., Class A
|
|
2,066
|
478,258
|
|
Everest Group Ltd.
|
|
1,142
|
396,491
|
|
F.N.B. Corp.
|
|
30,532
|
423,479
|
|
FactSet Research Systems, Inc.
|
|
940
|
430,764
|
|
Fidelity National Financial, Inc.
|
|
6,332
|
346,804
|
|
Fidelity National Information Services, Inc.
|
|
4,169
|
331,894
|
|
Fifth Third Bancorp
|
|
10,675
|
407,678
|
|
First American Financial Corp.
|
|
6,390
|
356,626
|
|
First Citizens BancShares, Inc., Class A
|
|
241
|
445,580
|
|
First Hawaiian, Inc.
|
|
16,567
|
395,620
|
|
First Horizon Corp.
|
|
21,680
|
430,998
|
|
Fiserv, Inc.(b)
|
|
1,394
|
226,929
|
|
Franklin Resources, Inc.
|
|
21,153
|
457,751
|
|
Global Payments, Inc.
|
|
3,154
|
238,474
|
|
Globe Life, Inc.
|
|
3,278
|
399,490
|
|
Goldman Sachs Group, Inc. (The)
|
|
796
|
477,958
|
|
Hanover Insurance Group, Inc. (The)
|
|
2,413
|
424,640
|
|
Hartford Insurance Group, Inc. (The)
|
|
3,611
|
468,852
|
|
Houlihan Lokey, Inc.
|
|
2,568
|
448,578
|
|
Huntington Bancshares, Inc.
|
|
28,026
|
438,046
|
|
Interactive Brokers Group, Inc., Class A
|
|
2,490
|
522,103
|
|
Intercontinental Exchange, Inc.
|
|
2,359
|
424,148
|
|
Invesco Ltd.(f)
|
|
26,776
|
387,181
|
|
Jack Henry & Associates, Inc.
|
|
1,656
|
300,018
|
|
Janus Henderson Group PLC
|
|
11,010
|
399,993
|
|
Jefferies Financial Group, Inc.
|
|
7,377
|
358,522
|
|
JPMorgan Chase & Co.
|
|
1,771
|
467,544
|
|
Kemper Corp.
|
|
6,024
|
383,910
|
|
KeyCorp
|
|
26,417
|
418,974
|
|
Kinsale Capital Group, Inc.
|
|
923
|
435,647
|
|
KKR & Co., Inc., Class A
|
|
3,683
|
447,337
|
|
Lazard, Inc.
|
|
8,910
|
386,694
|
|
Lincoln National Corp.
|
|
11,615
|
384,921
|
|
Loews Corp.
|
|
4,723
|
421,717
|
|
LPL Financial Holdings, Inc.
|
|
1,349
|
522,279
|
|
M&T Bank Corp.
|
|
2,341
|
427,560
|
|
Markel Group, Inc.(b)
|
|
230
|
446,591
|
|
MarketAxess Holdings, Inc.
|
|
1,895
|
410,097
|
|
Marsh & McLennan Cos., Inc.
|
|
1,736
|
405,634
|
|
Mastercard, Inc., Class A
|
|
595
|
348,432
|
|
MetLife, Inc.
|
|
5,155
|
405,080
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
MGIC Investment Corp.
|
|
17,747
|
$469,408
|
|
Moody’s Corp.
|
|
926
|
443,850
|
|
Morgan Stanley
|
|
3,587
|
459,244
|
|
Morningstar, Inc.
|
|
1,422
|
438,573
|
|
MSCI, Inc.
|
|
776
|
437,680
|
|
Nasdaq, Inc.
|
|
5,522
|
461,308
|
|
Northern Trust Corp.
|
|
4,167
|
444,786
|
|
NU Holdings Ltd., Class A (Brazil)(b)(c)
|
|
37,239
|
447,240
|
|
Old Republic International Corp.
|
|
10,943
|
413,645
|
|
OneMain Holdings, Inc.
|
|
8,830
|
457,747
|
|
PayPal Holdings, Inc.(b)
|
|
4,341
|
305,085
|
|
Pinnacle Financial Partners, Inc.
|
|
4,008
|
425,970
|
|
PNC Financial Services Group, Inc. (The)
|
|
2,395
|
416,275
|
|
Popular, Inc.
|
|
4,563
|
472,407
|
|
Primerica, Inc.
|
|
1,451
|
392,641
|
|
Principal Financial Group, Inc.
|
|
4,963
|
386,568
|
|
Progressive Corp. (The)
|
|
1,437
|
409,444
|
|
Prosperity Bancshares, Inc.
|
|
5,776
|
402,298
|
|
Prudential Financial, Inc.
|
|
3,807
|
395,509
|
|
Raymond James Financial, Inc.
|
|
2,856
|
419,775
|
|
Regions Financial Corp.
|
|
19,199
|
411,627
|
|
Reinsurance Group of America, Inc.
|
|
2,151
|
437,277
|
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
1,691
|
421,769
|
|
Rithm Capital Corp.
|
|
35,041
|
390,707
|
|
RLI Corp.
|
|
5,376
|
413,253
|
|
Robinhood Markets, Inc., Class A(b)
|
|
11,111
|
734,993
|
|
Rocket Cos., Inc., Class A(c)
|
|
29,148
|
371,637
|
|
Ryan Specialty Holdings, Inc., Class A
|
|
5,859
|
419,329
|
|
S&P Global, Inc.
|
|
850
|
435,931
|
|
SEI Investments Co.
|
|
5,560
|
474,046
|
|
Shift4 Payments, Inc., Class A(b)(c)
|
|
3,457
|
327,689
|
|
SLM Corp.
|
|
14,117
|
456,967
|
|
SoFi Technologies, Inc.(b)(c)
|
|
35,146
|
467,442
|
|
Starwood Property Trust, Inc.(c)
|
|
20,476
|
404,401
|
|
State Street Corp.
|
|
4,739
|
456,271
|
|
Stifel Financial Corp.
|
|
4,299
|
405,052
|
|
Synchrony Financial
|
|
5,607
|
323,244
|
|
Synovus Financial Corp.
|
|
9,057
|
433,196
|
|
T. Rowe Price Group, Inc.
|
|
4,345
|
406,649
|
|
TFS Financial Corp.(c)
|
|
33,189
|
438,427
|
|
Toast, Inc., Class A(b)
|
|
12,269
|
517,506
|
|
TPG, Inc.
|
|
8,593
|
413,581
|
|
Tradeweb Markets, Inc., Class A
|
|
3,000
|
433,350
|
|
Travelers Cos., Inc. (The)
|
|
1,564
|
431,195
|
|
Truist Financial Corp.
|
|
10,134
|
400,293
|
|
U.S. Bancorp
|
|
9,788
|
426,659
|
|
Unum Group
|
|
5,191
|
424,157
|
|
UWM Holdings Corp.(c)
|
|
69,515
|
298,914
|
|
Virtu Financial, Inc., Class A
|
|
11,703
|
470,344
|
|
Visa, Inc., Class A
|
|
890
|
325,019
|
|
Voya Financial, Inc.
|
|
6,154
|
409,364
|
|
W.R. Berkley Corp.
|
|
6,465
|
482,871
|
|
Webster Financial Corp.
|
|
8,255
|
424,967
|
|
Wells Fargo & Co.
|
|
5,845
|
437,089
|
|
Western Alliance Bancorporation
|
|
5,351
|
387,466
|
|
Western Union Co. (The)
|
|
27,576
|
255,905
|
|
WEX, Inc.(b)(c)
|
|
1,939
|
257,751
|
|
White Mountains Insurance Group Ltd.
|
|
226
|
403,365
|
|
Willis Towers Watson PLC
|
|
1,248
|
395,054
|
|
Wintrust Financial Corp.
|
|
3,714
|
443,489
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
XP, Inc., Class A (Brazil)
|
|
28,821
|
$557,975
|
|
Zions Bancorporation N.A.
|
|
8,514
|
403,223
|
|
|
|
|
64,266,507
|
|
Health Care-9.05%
|
|||
|
10X Genomics, Inc., Class A(b)(c)
|
|
53,243
|
507,406
|
|
Abbott Laboratories
|
|
4,055
|
541,667
|
|
AbbVie, Inc.
|
|
2,491
|
463,600
|
|
Acadia Healthcare Co., Inc.(b)(c)
|
|
18,667
|
422,621
|
|
Agilent Technologies, Inc.
|
|
4,507
|
504,423
|
|
Align Technology, Inc.(b)
|
|
3,274
|
592,398
|
|
Alnylam Pharmaceuticals, Inc.(b)
|
|
2,174
|
662,113
|
|
Amedisys, Inc.(b)
|
|
5,685
|
534,788
|
|
Amgen, Inc.
|
|
1,680
|
484,142
|
|
Apellis Pharmaceuticals, Inc.(b)(c)
|
|
21,587
|
365,468
|
|
Avantor, Inc.(b)
|
|
33,251
|
429,270
|
|
Azenta, Inc.(b)(c)
|
|
14,384
|
384,340
|
|
Baxter International, Inc.
|
|
15,228
|
464,454
|
|
Becton, Dickinson and Co.
|
|
2,354
|
406,277
|
|
Biogen, Inc.(b)
|
|
3,756
|
487,491
|
|
BioMarin Pharmaceutical, Inc.(b)
|
|
7,449
|
432,563
|
|
Bio-Rad Laboratories, Inc., Class A(b)(c)
|
|
2,146
|
486,992
|
|
Bio-Techne Corp.
|
|
8,790
|
425,436
|
|
Boston Scientific Corp.(b)
|
|
5,508
|
579,772
|
|
Bristol-Myers Squibb Co.
|
|
8,734
|
421,678
|
|
Bristol-Myers Squibb Co., Rts., expiring
01/23/2031(b)(c)
|
|
7,730
|
5,411
|
|
Bruker Corp.(c)
|
|
11,695
|
429,206
|
|
Cardinal Health, Inc.
|
|
4,168
|
643,706
|
|
Cencora, Inc.
|
|
3,995
|
1,163,504
|
|
Centene Corp.(b)
|
|
9,073
|
512,080
|
|
Certara, Inc.(b)(c)
|
|
50,441
|
573,010
|
|
Charles River Laboratories International,
Inc.(b)
|
|
3,152
|
427,506
|
|
Chemed Corp.
|
|
904
|
519,655
|
|
Cigna Group (The)
|
|
1,683
|
532,905
|
|
Cooper Cos., Inc. (The)(b)
|
|
6,770
|
462,256
|
|
CVS Health Corp.
|
|
15,324
|
981,349
|
|
Danaher Corp.
|
|
2,579
|
489,752
|
|
DaVita, Inc.(b)
|
|
3,727
|
507,841
|
|
DENTSPLY SIRONA, Inc.
|
|
35,061
|
560,275
|
|
DexCom, Inc.(b)
|
|
7,689
|
659,716
|
|
Doximity, Inc., Class A(b)
|
|
8,645
|
450,318
|
|
Edwards Lifesciences Corp.(b)
|
|
7,747
|
605,970
|
|
Elanco Animal Health, Inc.(b)(c)
|
|
51,026
|
685,789
|
|
Elevance Health, Inc.
|
|
1,319
|
506,285
|
|
Eli Lilly and Co.
|
|
682
|
503,091
|
|
Encompass Health Corp.
|
|
5,621
|
679,579
|
|
Enovis Corp.(b)(c)
|
|
14,692
|
459,860
|
|
Envista Holdings Corp.(b)(c)
|
|
32,365
|
591,309
|
|
Exact Sciences Corp.(b)(c)
|
|
12,219
|
687,685
|
|
Exelixis, Inc.(b)
|
|
14,293
|
615,171
|
|
Fortrea Holdings, Inc.(b)(c)
|
|
54,908
|
236,104
|
|
GE HealthCare Technologies, Inc.
|
|
6,454
|
455,265
|
|
Gilead Sciences, Inc.
|
|
4,644
|
511,212
|
|
Globus Medical, Inc., Class A(b)
|
|
7,544
|
446,454
|
|
GRAIL, Inc.(b)(c)
|
|
19,540
|
750,531
|
|
HCA Healthcare, Inc.
|
|
1,668
|
636,159
|
|
Henry Schein, Inc.(b)
|
|
7,531
|
527,095
|
|
Hologic, Inc.(b)
|
|
8,659
|
538,330
|
|
Humana, Inc.
|
|
2,090
|
487,242
|
|
IDEXX Laboratories, Inc.(b)
|
|
1,341
|
688,416
|
|
Illumina, Inc.(b)
|
|
6,261
|
514,905
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Incyte Corp.(b)
|
|
7,773
|
$505,711
|
|
Inspire Medical Systems, Inc.(b)(c)
|
|
3,307
|
457,027
|
|
Insulet Corp.(b)
|
|
2,149
|
698,489
|
|
Intuitive Surgical, Inc.(b)
|
|
1,102
|
608,679
|
|
Ionis Pharmaceuticals, Inc.(b)(c)
|
|
15,984
|
535,624
|
|
IQVIA Holdings, Inc.(b)
|
|
2,923
|
410,185
|
|
Jazz Pharmaceuticals PLC(b)
|
|
3,861
|
417,258
|
|
Johnson & Johnson
|
|
3,226
|
500,707
|
|
Labcorp Holdings, Inc.
|
|
2,229
|
554,954
|
|
Masimo Corp.(b)(c)
|
|
3,175
|
515,937
|
|
McKesson Corp.
|
|
1,566
|
1,126,753
|
|
Medpace Holdings, Inc.(b)(c)
|
|
1,652
|
487,175
|
|
Medtronic PLC
|
|
5,700
|
472,986
|
|
Merck & Co., Inc.
|
|
5,562
|
427,384
|
|
Mettler-Toledo International, Inc.(b)
|
|
243
|
280,791
|
|
Moderna, Inc.(b)(c)
|
|
15,335
|
407,298
|
|
Molina Healthcare, Inc.(b)
|
|
1,688
|
514,908
|
|
Natera, Inc.(b)
|
|
3,691
|
582,181
|
|
Neurocrine Biosciences, Inc.(b)
|
|
4,824
|
593,448
|
|
Organon & Co.
|
|
35,168
|
324,249
|
|
Penumbra, Inc.(b)
|
|
2,021
|
539,546
|
|
Perrigo Co. PLC
|
|
19,596
|
524,585
|
|
Pfizer, Inc.
|
|
20,549
|
482,696
|
|
Premier, Inc., Class A
|
|
29,265
|
672,510
|
|
QIAGEN N.V.(c)
|
|
13,529
|
610,564
|
|
Quest Diagnostics, Inc.
|
|
3,117
|
540,301
|
|
QuidelOrtho Corp.(b)
|
|
14,776
|
453,180
|
|
Regeneron Pharmaceuticals, Inc.
|
|
821
|
402,520
|
|
Repligen Corp.(b)
|
|
3,693
|
436,033
|
|
ResMed, Inc.
|
|
2,417
|
591,657
|
|
Revvity, Inc.(c)
|
|
4,768
|
431,123
|
|
Roivant Sciences Ltd.(b)(c)
|
|
50,488
|
554,863
|
|
Royalty Pharma PLC, Class A
|
|
16,120
|
530,026
|
|
Sarepta Therapeutics, Inc.(b)(c)
|
|
5,345
|
200,972
|
|
Solventum Corp.(b)
|
|
7,279
|
532,022
|
|
Sotera Health Co.(b)(c)
|
|
46,309
|
566,822
|
|
STERIS PLC
|
|
2,462
|
603,707
|
|
Stryker Corp.
|
|
1,459
|
558,272
|
|
Teleflex, Inc.
|
|
3,855
|
471,351
|
|
Tenet Healthcare Corp.(b)
|
|
4,552
|
768,241
|
|
Thermo Fisher Scientific, Inc.
|
|
1,034
|
416,516
|
|
Ultragenyx Pharmaceutical, Inc.(b)
|
|
13,396
|
455,866
|
|
United Therapeutics Corp.(b)
|
|
1,718
|
547,784
|
|
UnitedHealth Group, Inc.
|
|
1,091
|
329,384
|
|
Universal Health Services, Inc., Class B
|
|
3,206
|
610,262
|
|
Veeva Systems, Inc., Class A(b)
|
|
2,303
|
644,149
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
1,046
|
462,384
|
|
Viatris, Inc.
|
|
58,578
|
514,901
|
|
Viking Therapeutics, Inc.(b)(c)
|
|
17,669
|
473,529
|
|
Waters Corp.(b)
|
|
1,457
|
508,843
|
|
West Pharmaceutical Services, Inc.
|
|
2,344
|
494,232
|
|
Zimmer Biomet Holdings, Inc.
|
|
4,886
|
450,343
|
|
Zoetis, Inc.
|
|
3,283
|
553,612
|
|
|
|
|
56,996,381
|
|
Industrials-10.16%
|
|||
|
3M Co.
|
|
1,993
|
295,662
|
|
A.O. Smith Corp.
|
|
4,435
|
285,215
|
|
AAON, Inc.
|
|
3,712
|
357,428
|
|
Acuity, Inc.
|
|
1,125
|
292,376
|
|
Advanced Drainage Systems, Inc.
|
|
2,757
|
303,160
|
|
AECOM
|
|
3,123
|
343,062
|
|
AGCO Corp.
|
|
3,154
|
309,029
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Air Lease Corp., Class A
|
|
6,524
|
$375,848
|
|
Alaska Air Group, Inc.(b)
|
|
6,289
|
320,299
|
|
Allegion PLC
|
|
2,319
|
330,921
|
|
Allison Transmission Holdings, Inc.
|
|
3,109
|
321,844
|
|
Amentum Holdings, Inc.(b)
|
|
16,605
|
343,059
|
|
American Airlines Group, Inc.(b)
|
|
31,001
|
353,721
|
|
AMETEK, Inc.
|
|
1,678
|
299,926
|
|
API Group Corp.(b)(c)
|
|
8,125
|
379,194
|
|
Armstrong World Industries, Inc.
|
|
2,137
|
332,581
|
|
Automatic Data Processing, Inc.
|
|
1,002
|
326,181
|
|
Avis Budget Group, Inc.(b)(c)
|
|
5,956
|
725,381
|
|
Axon Enterprise, Inc.(b)
|
|
543
|
407,445
|
|
AZEK Co., Inc. (The)(b)
|
|
7,340
|
363,403
|
|
Boeing Co. (The)(b)
|
|
1,817
|
376,700
|
|
Booz Allen Hamilton Holding Corp.
|
|
2,612
|
277,525
|
|
Broadridge Financial Solutions, Inc.
|
|
1,769
|
429,566
|
|
Builders FirstSource, Inc.(b)
|
|
2,392
|
257,571
|
|
BWX Technologies, Inc.
|
|
3,000
|
376,800
|
|
C.H. Robinson Worldwide, Inc.
|
|
3,023
|
290,117
|
|
CACI International, Inc., Class A(b)
|
|
1,088
|
465,664
|
|
Carlisle Cos., Inc.
|
|
896
|
340,641
|
|
Carrier Global Corp.
|
|
4,531
|
322,607
|
|
Caterpillar, Inc.
|
|
878
|
305,570
|
|
Cintas Corp.
|
|
1,527
|
345,866
|
|
Clarivate PLC(b)(c)
|
|
100,309
|
423,304
|
|
Clean Harbors, Inc.(b)
|
|
6,954
|
1,577,098
|
|
CNH Industrial N.V.(c)
|
|
23,165
|
289,794
|
|
Comfort Systems USA, Inc.
|
|
901
|
430,885
|
|
Concentrix Corp.(c)
|
|
9,262
|
518,348
|
|
Copart, Inc.(b)
|
|
6,324
|
325,560
|
|
Core & Main, Inc., Class A(b)
|
|
6,284
|
344,426
|
|
Crane Co.
|
|
1,934
|
331,488
|
|
CSX Corp.
|
|
9,981
|
315,300
|
|
Cummins, Inc.
|
|
933
|
299,941
|
|
Curtiss-Wright Corp.
|
|
929
|
408,862
|
|
Dayforce, Inc.(b)(c)
|
|
7,678
|
453,616
|
|
Deere & Co.
|
|
620
|
313,881
|
|
Delta Air Lines, Inc.
|
|
7,526
|
364,183
|
|
Donaldson Co., Inc.
|
|
4,335
|
301,499
|
|
Dover Corp.
|
|
1,640
|
291,510
|
|
Dun & Bradstreet Holdings, Inc.
|
|
50,725
|
457,032
|
|
Eaton Corp. PLC
|
|
1,026
|
328,525
|
|
EMCOR Group, Inc.
|
|
819
|
386,453
|
|
Emerson Electric Co.
|
|
2,661
|
317,670
|
|
Equifax, Inc.
|
|
1,223
|
323,104
|
|
ESAB Corp.
|
|
2,512
|
308,951
|
|
Everus Construction Group, Inc.(b)(c)
|
|
7,699
|
445,849
|
|
Expeditors International of Washington, Inc.
|
|
2,500
|
281,825
|
|
Fastenal Co.
|
|
42,308
|
1,749,013
|
|
FedEx Corp.
|
|
1,202
|
262,156
|
|
Ferguson Enterprises, Inc.
|
|
1,882
|
343,164
|
|
Flowserve Corp.
|
|
6,114
|
305,150
|
|
Fortive Corp.
|
|
4,053
|
284,480
|
|
Fortune Brands Innovations, Inc.
|
|
4,837
|
243,785
|
|
FTI Consulting, Inc.(b)
|
|
1,792
|
294,175
|
|
Gates Industrial Corp. PLC(b)
|
|
15,458
|
326,937
|
|
GE Vernova, Inc.
|
|
971
|
459,264
|
|
Generac Holdings, Inc.(b)
|
|
2,271
|
277,357
|
|
General Dynamics Corp.
|
|
1,111
|
309,402
|
|
General Electric Co.
|
|
1,513
|
372,062
|
|
Genpact Ltd.
|
|
5,888
|
253,478
|
|
Graco, Inc.
|
|
3,519
|
297,919
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
GXO Logistics, Inc.(b)(c)
|
|
7,426
|
$305,506
|
|
Hayward Holdings, Inc.(b)
|
|
21,306
|
297,219
|
|
HEICO Corp.(c)
|
|
1,155
|
346,084
|
|
Hexcel Corp.
|
|
27,771
|
1,468,808
|
|
Honeywell International, Inc.
|
|
1,412
|
320,058
|
|
Howmet Aerospace, Inc.
|
|
2,392
|
406,377
|
|
Hubbell, Inc.
|
|
882
|
343,610
|
|
Huntington Ingalls Industries, Inc.
|
|
1,490
|
332,359
|
|
IDEX Corp.
|
|
1,630
|
294,883
|
|
Illinois Tool Works, Inc.
|
|
1,158
|
283,803
|
|
Ingersoll Rand, Inc.
|
|
3,636
|
296,843
|
|
ITT, Inc.
|
|
2,234
|
336,306
|
|
J.B. Hunt Transport Services, Inc.
|
|
1,950
|
270,758
|
|
Jacobs Solutions, Inc.
|
|
2,444
|
308,677
|
|
Johnson Controls International PLC
|
|
3,751
|
380,239
|
|
KBR, Inc.
|
|
8,001
|
417,572
|
|
Kirby Corp.(b)(c)
|
|
3,027
|
334,907
|
|
Knight-Swift Transportation Holdings, Inc.
|
|
6,374
|
282,496
|
|
L3Harris Technologies, Inc.
|
|
1,383
|
337,922
|
|
Landstar System, Inc.
|
|
1,956
|
268,402
|
|
Leidos Holdings, Inc.
|
|
3,017
|
448,085
|
|
Lennox International, Inc.
|
|
521
|
294,078
|
|
Lincoln Electric Holdings, Inc.
|
|
1,572
|
304,323
|
|
Loar Holdings, Inc.(b)(c)
|
|
4,587
|
399,298
|
|
Lockheed Martin Corp.
|
|
618
|
298,111
|
|
Lyft, Inc., Class A(b)
|
|
29,353
|
447,340
|
|
ManpowerGroup, Inc.
|
|
4,964
|
208,240
|
|
Masco Corp.
|
|
4,201
|
262,226
|
|
MasTec, Inc.(b)
|
|
2,499
|
389,669
|
|
Middleby Corp. (The)(b)(c)
|
|
1,973
|
288,315
|
|
MSA Safety, Inc.
|
|
1,948
|
317,466
|
|
MSC Industrial Direct Co., Inc., Class A
|
|
3,898
|
316,518
|
|
Nordson Corp.
|
|
1,444
|
306,114
|
|
Norfolk Southern Corp.
|
|
1,270
|
313,842
|
|
Northrop Grumman Corp.
|
|
591
|
286,499
|
|
nVent Electric PLC
|
|
5,362
|
352,820
|
|
Old Dominion Freight Line, Inc.
|
|
1,778
|
284,782
|
|
Oshkosh Corp.
|
|
3,063
|
303,819
|
|
Otis Worldwide Corp.
|
|
2,926
|
278,994
|
|
Owens Corning
|
|
2,109
|
282,501
|
|
PACCAR, Inc.
|
|
2,960
|
277,796
|
|
Parker-Hannifin Corp.
|
|
492
|
327,032
|
|
Parsons Corp.(b)(c)
|
|
7,059
|
457,706
|
|
Paychex, Inc.
|
|
2,027
|
320,084
|
|
Paycom Software, Inc.
|
|
1,978
|
512,480
|
|
Paylocity Holding Corp.(b)
|
|
1,587
|
302,958
|
|
Pentair PLC
|
|
3,468
|
343,956
|
|
Quanta Services, Inc.
|
|
1,158
|
396,684
|
|
RB Global, Inc. (Canada)
|
|
3,508
|
369,392
|
|
RBC Bearings, Inc.(b)(c)
|
|
4,650
|
1,701,296
|
|
Regal Rexnord Corp.
|
|
2,534
|
338,137
|
|
Republic Services, Inc.
|
|
5,758
|
1,481,476
|
|
Robert Half, Inc.(c)
|
|
5,601
|
256,470
|
|
Rockwell Automation, Inc.
|
|
1,136
|
358,465
|
|
Rollins, Inc.
|
|
6,514
|
372,927
|
|
RTX Corp.
|
|
2,246
|
306,534
|
|
Ryder System, Inc.
|
|
2,131
|
313,534
|
|
Saia, Inc.(b)
|
|
832
|
219,989
|
|
Schneider National, Inc., Class B
|
|
12,425
|
287,887
|
|
Science Applications International Corp.
|
|
3,834
|
442,980
|
|
Sensata Technologies Holding PLC
|
|
10,989
|
286,373
|
|
Simpson Manufacturing Co., Inc.
|
|
1,890
|
294,273
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
SiteOne Landscape Supply, Inc.(b)(c)
|
|
2,747
|
$320,877
|
|
Snap-on, Inc.
|
|
902
|
289,317
|
|
Southwest Airlines Co.(c)
|
|
10,665
|
355,998
|
|
Spirit AeroSystems Holdings, Inc.,
Class A(b)(c)
|
|
8,765
|
327,636
|
|
SS&C Technologies Holdings, Inc.
|
|
4,998
|
403,888
|
|
StandardAero, Inc.(b)(c)
|
|
10,031
|
294,209
|
|
Stanley Black & Decker, Inc.
|
|
3,662
|
239,605
|
|
Tetra Tech, Inc.
|
|
10,129
|
353,907
|
|
Textron, Inc.
|
|
4,044
|
299,377
|
|
Timken Co. (The)(c)
|
|
21,185
|
1,450,961
|
|
Toro Co. (The)
|
|
4,051
|
306,985
|
|
Trane Technologies PLC
|
|
872
|
375,195
|
|
TransDigm Group, Inc.
|
|
234
|
343,613
|
|
TransUnion
|
|
3,616
|
309,638
|
|
Trex Co., Inc.(b)
|
|
5,380
|
300,581
|
|
Uber Technologies, Inc.(b)
|
|
4,758
|
400,433
|
|
U-Haul Holding Co., Series N(c)
|
|
5,808
|
331,288
|
|
Union Pacific Corp.
|
|
1,235
|
273,750
|
|
United Airlines Holdings, Inc.(b)
|
|
4,732
|
375,934
|
|
United Parcel Service, Inc., Class B
|
|
2,526
|
246,386
|
|
United Rentals, Inc.
|
|
490
|
347,106
|
|
Valmont Industries, Inc.
|
|
915
|
291,007
|
|
Veralto Corp.
|
|
3,041
|
307,232
|
|
Verisk Analytics, Inc.
|
|
1,006
|
316,025
|
|
Vertiv Holdings Co., Class A
|
|
4,815
|
519,683
|
|
Vestis Corp.(c)
|
|
27,300
|
168,168
|
|
W.W. Grainger, Inc.
|
|
319
|
346,932
|
|
Wabtec Corp.
|
|
1,647
|
333,221
|
|
Waste Management, Inc.
|
|
5,905
|
1,422,928
|
|
Watsco, Inc.
|
|
589
|
261,263
|
|
WESCO International, Inc.
|
|
1,827
|
306,735
|
|
WillScot Holdings Corp.
|
|
10,160
|
273,812
|
|
Woodward, Inc.
|
|
1,642
|
355,214
|
|
XPO, Inc.(b)(c)
|
|
2,736
|
311,439
|
|
Xylem, Inc.
|
|
2,410
|
303,756
|
|
|
|
|
63,920,205
|
|
Information Technology-13.07%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
921
|
291,791
|
|
Adobe, Inc.(b)
|
|
1,059
|
439,580
|
|
Advanced Micro Devices, Inc.(b)
|
|
4,084
|
452,221
|
|
Akamai Technologies, Inc.(b)
|
|
5,094
|
386,787
|
|
Allegro MicroSystems, Inc. (Japan)(b)(c)
|
|
15,255
|
386,714
|
|
Amdocs Ltd.
|
|
4,625
|
424,390
|
|
Amkor Technology, Inc.
|
|
21,077
|
379,808
|
|
Amphenol Corp., Class A
|
|
6,490
|
583,646
|
|
Analog Devices, Inc.
|
|
1,968
|
421,113
|
|
ANSYS, Inc.(b)
|
|
1,329
|
439,660
|
|
AppFolio, Inc., Class A(b)
|
|
1,942
|
410,092
|
|
Apple, Inc.
|
|
1,915
|
384,628
|
|
Applied Materials, Inc.
|
|
2,668
|
418,209
|
|
AppLovin Corp., Class A(b)
|
|
1,475
|
579,675
|
|
Arista Networks, Inc.(b)
|
|
40,957
|
3,548,514
|
|
Arrow Electronics, Inc.(b)
|
|
3,920
|
464,050
|
|
Astera Labs, Inc.(b)
|
|
6,134
|
556,476
|
|
Atlassian Corp., Class A(b)
|
|
1,930
|
400,726
|
|
Autodesk, Inc.(b)
|
|
1,620
|
479,714
|
|
Avnet, Inc.
|
|
8,583
|
429,236
|
|
Bentley Systems, Inc., Class B
|
|
9,980
|
476,345
|
|
BILL Holdings, Inc.(b)(c)
|
|
6,578
|
287,327
|
|
Broadcom, Inc.
|
|
2,092
|
506,410
|
|
Cadence Design Systems, Inc.(b)
|
|
1,655
|
475,101
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
CCC Intelligent Solutions Holdings, Inc.(b)(c)
|
|
43,451
|
$381,500
|
|
CDW Corp.
|
|
2,454
|
442,603
|
|
Ciena Corp.(b)
|
|
52,652
|
4,215,319
|
|
Cirrus Logic, Inc.(b)
|
|
4,075
|
400,817
|
|
Cisco Systems, Inc.
|
|
54,973
|
3,465,498
|
|
Cloudflare, Inc., Class A(b)
|
|
3,525
|
584,762
|
|
Cognex Corp.
|
|
9,604
|
287,832
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
5,114
|
414,183
|
|
Coherent Corp.(b)
|
|
6,412
|
484,940
|
|
Confluent, Inc., Class A(b)(c)
|
|
15,507
|
357,126
|
|
Corning, Inc.
|
|
8,783
|
435,549
|
|
Crane NXT Co.
|
|
5,585
|
299,412
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
1,247
|
587,798
|
|
Datadog, Inc., Class A(b)
|
|
4,061
|
478,711
|
|
Dell Technologies, Inc., Class C
|
|
4,326
|
481,354
|
|
DocuSign, Inc.(b)
|
|
5,356
|
474,595
|
|
Dolby Laboratories, Inc., Class A
|
|
4,995
|
370,929
|
|
DoubleVerify Holdings, Inc.(b)
|
|
28,685
|
394,132
|
|
Dropbox, Inc., Class A(b)(c)
|
|
16,305
|
470,562
|
|
DXC Technology Co.(b)
|
|
23,753
|
361,046
|
|
Dynatrace, Inc.(b)
|
|
8,458
|
456,817
|
|
Elastic N.V.(b)
|
|
4,362
|
352,755
|
|
Enphase Energy, Inc.(b)
|
|
23,297
|
964,263
|
|
Entegris, Inc.(c)
|
|
4,238
|
291,320
|
|
EPAM Systems, Inc.(b)
|
|
2,218
|
387,019
|
|
F5, Inc.(b)
|
|
1,556
|
444,051
|
|
Fair Isaac Corp.(b)
|
|
177
|
305,552
|
|
First Solar, Inc.(b)(c)
|
|
10,169
|
1,607,515
|
|
Five9, Inc.(b)(c)
|
|
14,175
|
375,779
|
|
Fortinet, Inc.(b)
|
|
4,282
|
435,822
|
|
Gartner, Inc.(b)
|
|
898
|
391,905
|
|
Gen Digital, Inc.
|
|
15,204
|
433,010
|
|
GitLab, Inc., Class A(b)(c)
|
|
8,005
|
364,308
|
|
GLOBALFOUNDRIES, Inc.(b)(c)
|
|
10,960
|
392,368
|
|
Globant S.A.(b)(c)
|
|
3,291
|
322,814
|
|
GoDaddy, Inc., Class A(b)
|
|
2,315
|
421,677
|
|
Guidewire Software, Inc.(b)
|
|
2,269
|
487,880
|
|
Hewlett Packard Enterprise Co.
|
|
27,093
|
468,167
|
|
HP, Inc.
|
|
14,338
|
357,016
|
|
HubSpot, Inc.(b)
|
|
701
|
413,520
|
|
Informatica, Inc., Class A(b)
|
|
23,022
|
552,758
|
|
Ingram Micro Holding Corp.(c)
|
|
21,432
|
409,994
|
|
Intel Corp.
|
|
16,888
|
330,160
|
|
International Business Machines Corp.
|
|
1,627
|
421,491
|
|
Intuit, Inc.
|
|
719
|
541,745
|
|
IPG Photonics Corp.(b)(c)
|
|
6,730
|
445,930
|
|
Jabil, Inc.
|
|
3,070
|
515,791
|
|
Juniper Networks, Inc.
|
|
92,243
|
3,314,291
|
|
Keysight Technologies, Inc.(b)
|
|
1,967
|
308,898
|
|
KLA Corp.
|
|
585
|
442,775
|
|
Kyndryl Holdings, Inc.(b)
|
|
11,851
|
462,663
|
|
Lam Research Corp.
|
|
5,317
|
429,560
|
|
Lattice Semiconductor Corp.(b)(c)
|
|
6,902
|
310,176
|
|
Littelfuse, Inc.
|
|
1,422
|
291,595
|
|
Lumentum Holdings, Inc.(b)(c)
|
|
54,406
|
3,932,466
|
|
MACOM Technology Solutions Holdings,
Inc.(b)
|
|
3,836
|
466,496
|
|
Manhattan Associates, Inc.(b)
|
|
2,454
|
463,266
|
|
Marvell Technology, Inc.
|
|
5,820
|
350,306
|
|
Microchip Technology, Inc.
|
|
7,719
|
448,011
|
|
Micron Technology, Inc.
|
|
4,219
|
398,527
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Microsoft Corp.
|
|
1,057
|
$486,601
|
|
MicroStrategy, Inc., Class A(b)(c)
|
|
1,522
|
561,709
|
|
MKS Instruments, Inc.
|
|
3,582
|
294,405
|
|
MongoDB, Inc.(b)
|
|
2,161
|
408,062
|
|
Monolithic Power Systems, Inc.
|
|
733
|
485,173
|
|
Motorola Solutions, Inc.
|
|
7,917
|
3,288,563
|
|
nCino, Inc.(b)(c)
|
|
14,633
|
384,848
|
|
NetApp, Inc.
|
|
4,437
|
439,973
|
|
Nutanix, Inc., Class A(b)
|
|
5,993
|
459,603
|
|
NVIDIA Corp.
|
|
3,470
|
468,901
|
|
Okta, Inc.(b)
|
|
3,752
|
387,094
|
|
ON Semiconductor Corp.(b)
|
|
9,496
|
399,022
|
|
Onto Innovation, Inc.(b)
|
|
2,978
|
273,797
|
|
Oracle Corp.
|
|
2,708
|
448,255
|
|
Palantir Technologies, Inc., Class A(b)
|
|
5,034
|
663,381
|
|
Palo Alto Networks, Inc.(b)
|
|
2,265
|
435,831
|
|
Pegasystems, Inc.
|
|
5,872
|
576,337
|
|
Procore Technologies, Inc.(b)(c)
|
|
6,093
|
409,267
|
|
PTC, Inc.(b)
|
|
2,612
|
439,652
|
|
Pure Storage, Inc., Class A(b)
|
|
8,252
|
442,225
|
|
Qorvo, Inc.(b)
|
|
5,791
|
440,232
|
|
QUALCOMM, Inc.
|
|
2,634
|
382,457
|
|
RingCentral, Inc., Class A(b)(c)
|
|
15,210
|
394,395
|
|
Roper Technologies, Inc.
|
|
754
|
429,984
|
|
Salesforce, Inc.
|
|
1,476
|
391,686
|
|
Sandisk Corp.(b)(c)
|
|
8,268
|
311,621
|
|
SentinelOne, Inc., Class A(b)
|
|
21,961
|
386,733
|
|
ServiceNow, Inc.(b)
|
|
494
|
499,478
|
|
Skyworks Solutions, Inc.
|
|
5,952
|
410,867
|
|
Snowflake, Inc., Class A(b)
|
|
2,670
|
549,139
|
|
Super Micro Computer, Inc.(b)(c)
|
|
10,235
|
409,605
|
|
Synopsys, Inc.(b)
|
|
938
|
435,213
|
|
TD SYNNEX Corp.(c)
|
|
3,195
|
387,681
|
|
Teledyne Technologies, Inc.(b)
|
|
602
|
300,314
|
|
Teradata Corp.(b)(c)
|
|
18,241
|
400,572
|
|
Teradyne, Inc.
|
|
4,692
|
368,791
|
|
Texas Instruments, Inc.
|
|
2,300
|
420,555
|
|
Trimble, Inc.(b)
|
|
4,374
|
311,735
|
|
Twilio, Inc., Class A(b)
|
|
4,218
|
496,459
|
|
Tyler Technologies, Inc.(b)
|
|
762
|
439,666
|
|
Ubiquiti, Inc.(c)
|
|
10,783
|
4,262,412
|
|
UiPath, Inc., Class A(b)(c)
|
|
40,143
|
534,303
|
|
Unity Software, Inc.(b)(c)
|
|
19,542
|
509,655
|
|
Universal Display Corp.
|
|
2,705
|
387,762
|
|
VeriSign, Inc.
|
|
1,710
|
465,924
|
|
Vontier Corp.
|
|
9,054
|
323,680
|
|
Western Digital Corp.(b)
|
|
9,522
|
490,859
|
|
Wolfspeed, Inc.(b)(c)
|
|
78,318
|
93,198
|
|
Workday, Inc., Class A(b)
|
|
1,684
|
417,144
|
|
Zebra Technologies Corp., Class A(b)
|
|
1,069
|
309,764
|
|
Zoom Communications, Inc., Class A(b)
|
|
5,565
|
452,156
|
|
Zscaler, Inc.(b)(c)
|
|
2,111
|
582,003
|
|
|
|
|
82,270,080
|
|
Materials-8.87%
|
|||
|
Air Products and Chemicals, Inc.
|
|
5,258
|
1,466,509
|
|
Albemarle Corp.(c)
|
|
21,254
|
1,185,123
|
|
Alcoa Corp.
|
|
47,638
|
1,275,269
|
|
Amcor PLC
|
|
62,624
|
570,505
|
|
AptarGroup, Inc.
|
|
2,011
|
318,542
|
|
Ardagh Group S.A., Class A(b)(d)
|
|
13,287
|
56,038
|
|
Ashland, Inc.
|
|
27,511
|
1,362,070
|
|
ATI, Inc.(b)
|
|
5,814
|
463,027
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Avery Dennison Corp.
|
|
8,766
|
$1,557,981
|
|
Axalta Coating Systems Ltd.(b)
|
|
8,686
|
267,529
|
|
Ball Corp.
|
|
5,706
|
305,727
|
|
Celanese Corp.
|
|
28,999
|
1,532,017
|
|
CF Industries Holdings, Inc.
|
|
20,041
|
1,817,919
|
|
Chemours Co. (The)(c)
|
|
112,373
|
1,138,338
|
|
Cleveland-Cliffs, Inc.(b)(c)
|
|
158,226
|
922,458
|
|
Corteva, Inc.
|
|
17,212
|
1,218,610
|
|
CRH PLC
|
|
3,076
|
280,408
|
|
Crown Holdings, Inc.
|
|
3,332
|
328,202
|
|
Dow, Inc.
|
|
8,020
|
222,475
|
|
DuPont de Nemours, Inc.
|
|
3,875
|
258,850
|
|
Eagle Materials, Inc.
|
|
1,407
|
284,509
|
|
Eastman Chemical Co.
|
|
16,996
|
1,331,977
|
|
Ecolab, Inc.
|
|
6,143
|
1,631,704
|
|
Element Solutions, Inc.
|
|
61,053
|
1,305,313
|
|
FMC Corp.
|
|
38,117
|
1,546,025
|
|
Freeport-McMoRan, Inc.
|
|
40,977
|
1,576,795
|
|
Graphic Packaging Holding Co.
|
|
11,091
|
246,442
|
|
Huntsman Corp.
|
|
90,922
|
1,012,871
|
|
International Flavors & Fragrances, Inc.
|
|
19,450
|
1,489,092
|
|
International Paper Co.
|
|
30,560
|
1,461,074
|
|
Linde PLC
|
|
3,413
|
1,595,851
|
|
Louisiana-Pacific Corp.
|
|
3,250
|
292,727
|
|
LyondellBasell Industries N.V., Class A
|
|
21,196
|
1,197,362
|
|
Martin Marietta Materials, Inc.
|
|
622
|
340,576
|
|
Mosaic Co. (The)
|
|
61,419
|
2,219,683
|
|
MP Materials Corp.(b)(c)
|
|
63,932
|
1,393,078
|
|
NewMarket Corp.
|
|
2,976
|
1,916,723
|
|
Newmont Corp.
|
|
34,079
|
1,796,645
|
|
Nucor Corp.
|
|
11,898
|
1,301,165
|
|
Olin Corp.
|
|
64,698
|
1,255,788
|
|
Packaging Corp. of America
|
|
1,516
|
292,846
|
|
PPG Industries, Inc.
|
|
2,611
|
289,299
|
|
Reliance, Inc.
|
|
5,599
|
1,639,499
|
|
Royal Gold, Inc.
|
|
10,143
|
1,806,671
|
|
RPM International, Inc.
|
|
2,520
|
286,877
|
|
Scotts Miracle-Gro Co. (The)
|
|
25,626
|
1,526,285
|
|
Sealed Air Corp.
|
|
9,840
|
316,848
|
|
Sherwin-Williams Co. (The)
|
|
865
|
310,371
|
|
Silgan Holdings, Inc.
|
|
5,950
|
327,666
|
|
Smurfit WestRock PLC
|
|
6,699
|
290,268
|
|
Sonoco Products Co.
|
|
6,497
|
295,873
|
|
Southern Copper Corp. (Mexico)(c)
|
|
16,828
|
1,529,833
|
|
Steel Dynamics, Inc.
|
|
12,501
|
1,538,498
|
|
United States Steel Corp.(c)
|
|
41,556
|
2,236,544
|
|
Vulcan Materials Co.
|
|
1,285
|
340,615
|
|
Westlake Corp.(c)
|
|
14,575
|
1,035,262
|
|
|
|
|
55,806,252
|
|
Real Estate-8.78%
|
|||
|
Agree Realty Corp.
|
|
11,597
|
873,254
|
|
Alexandria Real Estate Equities, Inc.
|
|
9,068
|
636,483
|
|
American Homes 4 Rent, Class A
|
|
25,378
|
960,557
|
|
American Tower Corp.
|
|
4,220
|
905,823
|
|
Americold Realty Trust, Inc.(c)
|
|
42,250
|
700,082
|
|
AvalonBay Communities, Inc.
|
|
4,218
|
872,156
|
|
Brixmor Property Group, Inc.
|
|
34,725
|
882,362
|
|
BXP, Inc.
|
|
13,706
|
922,825
|
|
Camden Property Trust
|
|
7,722
|
907,258
|
|
CBRE Group, Inc., Class A(b)
|
|
7,233
|
904,270
|
|
CoStar Group, Inc.(b)
|
|
11,621
|
854,841
|
|
Cousins Properties, Inc.
|
|
31,241
|
876,935
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Crown Castle, Inc.
|
|
9,463
|
$949,612
|
|
CubeSmart
|
|
21,601
|
923,659
|
|
Digital Realty Trust, Inc.
|
|
6,131
|
1,051,589
|
|
EastGroup Properties, Inc.
|
|
5,096
|
864,027
|
|
EPR Properties
|
|
17,322
|
964,662
|
|
Equinix, Inc.
|
|
1,055
|
937,705
|
|
Equity LifeStyle Properties, Inc.
|
|
13,275
|
843,892
|
|
Equity Residential
|
|
13,189
|
925,076
|
|
Essex Property Trust, Inc.
|
|
3,055
|
867,314
|
|
Extra Space Storage, Inc.
|
|
6,091
|
920,655
|
|
Federal Realty Investment Trust
|
|
9,302
|
888,155
|
|
First Industrial Realty Trust, Inc.
|
|
16,152
|
798,393
|
|
Gaming and Leisure Properties, Inc.
|
|
17,750
|
828,925
|
|
Healthcare Realty Trust, Inc.(c)
|
|
53,755
|
779,447
|
|
Healthpeak Properties, Inc.
|
|
43,771
|
762,053
|
|
Highwoods Properties, Inc.
|
|
31,662
|
940,361
|
|
Host Hotels & Resorts, Inc.
|
|
60,373
|
935,178
|
|
Howard Hughes Holdings, Inc.(b)
|
|
12,189
|
832,631
|
|
Invitation Homes, Inc.
|
|
26,680
|
899,116
|
|
Iron Mountain, Inc.
|
|
10,350
|
1,021,648
|
|
Jones Lang LaSalle, Inc.(b)
|
|
3,657
|
814,414
|
|
Kilroy Realty Corp.
|
|
27,382
|
881,700
|
|
Kimco Realty Corp.
|
|
43,576
|
926,426
|
|
Lamar Advertising Co., Class A
|
|
8,113
|
977,941
|
|
Lineage, Inc.(c)
|
|
15,436
|
658,963
|
|
Medical Properties Trust, Inc.(c)
|
|
150,631
|
688,384
|
|
Mid-America Apartment Communities, Inc.
|
|
5,550
|
869,407
|
|
Millrose Properties, Inc.(b)
|
|
41,165
|
1,147,269
|
|
National Storage Affiliates Trust
|
|
23,922
|
822,917
|
|
NNN REIT, Inc.
|
|
21,045
|
878,839
|
|
Omega Healthcare Investors, Inc.
|
|
23,840
|
882,080
|
|
Park Hotels & Resorts, Inc.(c)
|
|
80,426
|
833,213
|
|
Prologis, Inc.
|
|
7,943
|
862,610
|
|
Public Storage
|
|
3,013
|
929,239
|
|
Rayonier, Inc.
|
|
32,151
|
761,979
|
|
Realty Income Corp.
|
|
15,753
|
891,935
|
|
Regency Centers Corp.
|
|
12,508
|
902,452
|
|
Rexford Industrial Realty, Inc.
|
|
22,604
|
796,565
|
|
SBA Communications Corp., Class A
|
|
4,107
|
952,372
|
|
Seaport Entertainment Group, Inc.(b)(c)
|
|
42,290
|
826,347
|
|
Simon Property Group, Inc.
|
|
5,624
|
917,106
|
|
STAG Industrial, Inc.
|
|
25,094
|
892,845
|
|
Sun Communities, Inc.(c)
|
|
7,174
|
885,559
|
|
UDR, Inc.
|
|
20,604
|
853,624
|
|
Ventas, Inc.
|
|
13,211
|
849,203
|
|
VICI Properties, Inc.
|
|
27,794
|
881,348
|
|
Vornado Realty Trust
|
|
24,848
|
936,024
|
|
W.P. Carey, Inc.
|
|
14,224
|
892,698
|
|
Welltower, Inc.
|
|
6,186
|
954,376
|
|
Weyerhaeuser Co.
|
|
30,278
|
784,503
|
|
Zillow Group, Inc., Class C(b)(c)
|
|
13,221
|
887,261
|
|
|
|
|
55,270,543
|
|
Utilities-8.67%
|
|||
|
AES Corp. (The)
|
|
107,468
|
1,084,352
|
|
Alliant Energy Corp.
|
|
21,199
|
1,319,214
|
|
Ameren Corp.
|
|
13,486
|
1,306,524
|
|
American Electric Power Co., Inc.
|
|
12,659
|
1,310,080
|
|
American Water Works Co., Inc.
|
|
9,371
|
1,339,772
|
|
Atmos Energy Corp.
|
|
8,975
|
1,388,253
|
|
Brookfield Renewable Corp. (Canada)(c)
|
|
46,585
|
1,369,133
|
|
CenterPoint Energy, Inc.(c)
|
|
38,118
|
1,419,514
|
|
Clearway Energy, Inc., Class C
|
|
45,231
|
1,391,758
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
CMS Energy Corp.
|
|
18,365
|
$1,289,774
|
|
Consolidated Edison, Inc.
|
|
12,622
|
1,318,873
|
|
Constellation Energy Corp.
|
|
6,290
|
1,925,684
|
|
Dominion Energy, Inc.
|
|
24,388
|
1,382,068
|
|
DTE Energy Co.
|
|
9,948
|
1,359,394
|
|
Duke Energy Corp.
|
|
11,158
|
1,313,520
|
|
Edison International
|
|
23,642
|
1,315,677
|
|
Entergy Corp.
|
|
15,923
|
1,326,067
|
|
Essential Utilities, Inc.
|
|
33,717
|
1,299,116
|
|
Evergy, Inc.
|
|
19,825
|
1,316,578
|
|
Eversource Energy
|
|
21,965
|
1,423,552
|
|
Exelon Corp.
|
|
30,339
|
1,329,455
|
|
FirstEnergy Corp.
|
|
33,717
|
1,414,091
|
|
IDACORP, Inc.(c)
|
|
11,477
|
1,365,189
|
|
MDU Resources Group, Inc.
|
|
80,216
|
1,378,913
|
|
National Fuel Gas Co.
|
|
17,658
|
1,457,491
|
|
NextEra Energy, Inc.
|
|
18,131
|
1,280,774
|
|
NiSource, Inc.
|
|
34,134
|
1,349,658
|
|
NRG Energy, Inc.
|
|
14,658
|
2,285,182
|
|
OGE Energy Corp.
|
|
29,716
|
1,321,471
|
|
PG&E Corp.
|
|
80,446
|
1,357,929
|
|
Pinnacle West Capital Corp.
|
|
14,364
|
1,310,428
|
|
PPL Corp.
|
|
38,633
|
1,342,497
|
|
Public Service Enterprise Group, Inc.
|
|
16,537
|
1,339,993
|
|
Sempra
|
|
19,453
|
1,528,811
|
|
Southern Co. (The)
|
|
14,726
|
1,325,340
|
|
UGI Corp.
|
|
41,256
|
1,487,691
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Vistra Corp.
|
|
11,177
|
$1,794,691
|
|
WEC Energy Group, Inc.
|
|
12,561
|
1,349,554
|
|
Xcel Energy, Inc.
|
|
19,204
|
1,346,200
|
|
|
|
|
54,564,261
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.95%
(Cost $580,631,240)
|
629,083,309
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-11.28%
|
|||
|
Invesco Private Government Fund,
4.29%(f)(g)(h)
|
|
18,598,870
|
18,598,870
|
|
Invesco Private Prime Fund, 4.45%(f)(g)(h)
|
|
52,411,267
|
52,421,749
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $71,022,798)
|
71,020,619
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.23%
(Cost $651,654,038)
|
700,103,928
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.23)%
|
(70,698,326
)
|
||
|
NET ASSETS-100.00%
|
$629,405,602
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Rts.
|
-Rights
|
|
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)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(e)
|
Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets.
|
|
(f)
|
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
|
|
Invesco Ltd.
|
$426,242
|
$86,978
|
$(61,511
)
|
$(49,688
)
|
$(14,840
)
|
$387,181
|
$15,190
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
-
|
13,484,262
|
(13,484,262
)
|
-
|
-
|
-
|
11,409
|
|
|
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 Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$18,859,177
|
$109,165,735
|
$(109,426,042
)
|
$-
|
$-
|
$18,598,870
|
$750,632
*
|
|
Invesco Private Prime
Fund
|
49,558,271
|
201,044,525
|
(198,169,179
)
|
(7,334
)
|
(4,534
)
|
52,421,749
|
2,014,942
*
|
|
Total
|
$68,843,690
|
$323,781,500
|
$(321,140,994
)
|
$(57,022
)
|
$(19,374
)
|
$71,407,800
|
$2,792,173
|
|
*
|
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.
|
|
(g)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
|
|
(h)
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.68%
|
|||
|
Communication Services-11.20%
|
|||
|
AT&T, Inc.
|
|
131,474
|
$3,654,977
|
|
Charter Communications, Inc., Class A(b)
|
|
1,855
|
735,081
|
|
Comcast Corp., Class A
|
|
89,027
|
3,077,663
|
|
Fox Corp., Class A
|
|
4,805
|
263,987
|
|
Paramount Global, Class B
|
|
13,732
|
166,157
|
|
Verizon Communications, Inc.
|
|
75,482
|
3,318,189
|
|
Warner Bros. Discovery, Inc.(b)
|
|
35,127
|
350,216
|
|
|
|
|
11,566,270
|
|
Consumer Discretionary-7.56%
|
|||
|
Aptiv PLC (Jersey)(b)(c)
|
|
7,567
|
505,551
|
|
Best Buy Co., Inc.
|
|
4,563
|
302,436
|
|
CarMax, Inc.(b)(c)
|
|
3,387
|
218,326
|
|
D.R. Horton, Inc.
|
|
6,502
|
767,626
|
|
Ford Motor Co.(c)
|
|
166,837
|
1,731,768
|
|
General Motors Co.
|
|
52,608
|
2,609,883
|
|
Lennar Corp., Class A
|
|
5,970
|
633,297
|
|
LKQ Corp.(c)
|
|
6,561
|
265,524
|
|
MGM Resorts International(b)(c)
|
|
4,902
|
155,148
|
|
Mohawk Industries, Inc.(b)
|
|
1,480
|
148,903
|
|
PulteGroup, Inc.
|
|
4,795
|
470,054
|
|
|
|
|
7,808,516
|
|
Consumer Staples-5.80%
|
|||
|
Archer-Daniels-Midland Co.
|
|
17,809
|
859,640
|
|
Bunge Global S.A.
|
|
5,761
|
450,222
|
|
Conagra Brands, Inc.
|
|
8,767
|
200,677
|
|
Dollar General Corp.(c)
|
|
6,297
|
612,383
|
|
J.M. Smucker Co. (The)
|
|
2,142
|
241,211
|
|
Kraft Heinz Co. (The)
|
|
19,227
|
513,938
|
|
Kroger Co. (The)
|
|
18,421
|
1,256,865
|
|
Molson Coors Beverage Co., Class B
|
|
4,852
|
260,019
|
|
Target Corp.
|
|
9,940
|
934,459
|
|
Tyson Foods, Inc., Class A
|
|
8,598
|
482,864
|
|
Walgreens Boots Alliance, Inc.(c)
|
|
15,638
|
175,927
|
|
|
|
|
5,988,205
|
|
Energy-15.39%
|
|||
|
APA Corp.(c)
|
|
10,495
|
178,520
|
|
Chevron Corp.
|
|
30,495
|
4,168,667
|
|
Devon Energy Corp.
|
|
16,552
|
500,864
|
|
Diamondback Energy, Inc.
|
|
4,617
|
621,217
|
|
Exxon Mobil Corp.
|
|
47,317
|
4,840,529
|
|
Halliburton Co.
|
|
19,344
|
378,949
|
|
Marathon Petroleum Corp.
|
|
10,376
|
1,667,838
|
|
Occidental Petroleum Corp.
|
|
13,849
|
564,762
|
|
Phillips 66
|
|
13,169
|
1,494,418
|
|
Valero Energy Corp.
|
|
11,438
|
1,475,159
|
|
|
|
|
15,890,923
|
|
Financials-35.45%
|
|||
|
Allstate Corp. (The)
|
|
5,649
|
1,185,556
|
|
Arch Capital Group Ltd.
|
|
9,322
|
885,963
|
|
Assurant, Inc.
|
|
1,015
|
206,025
|
|
Bank of America Corp.
|
|
114,924
|
5,071,596
|
|
Bank of New York Mellon Corp. (The)(c)
|
|
12,297
|
1,089,637
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
11,478
|
5,784,453
|
|
Capital One Financial Corp.
|
|
7,511
|
1,420,706
|
|
Chubb Ltd.
|
|
7,901
|
2,348,177
|
|
Cincinnati Financial Corp.
|
|
3,831
|
577,791
|
|
Citigroup, Inc.
|
|
41,587
|
3,132,333
|
|
Citizens Financial Group, Inc.
|
|
9,964
|
402,047
|
|
Everest Group Ltd.
|
|
1,461
|
507,245
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Fifth Third Bancorp
|
|
11,432
|
$436,588
|
|
Franklin Resources, Inc.(c)
|
|
6,838
|
147,974
|
|
Globe Life, Inc.
|
|
2,135
|
260,193
|
|
Hartford Insurance Group, Inc. (The)
|
|
6,320
|
820,589
|
|
Huntington Bancshares, Inc.
|
|
25,952
|
405,630
|
|
Loews Corp.
|
|
5,225
|
466,540
|
|
M&T Bank Corp.
|
|
3,297
|
602,164
|
|
MetLife, Inc.
|
|
12,805
|
1,006,217
|
|
Prudential Financial, Inc.
|
|
11,017
|
1,144,556
|
|
Regions Financial Corp.
|
|
17,753
|
380,624
|
|
State Street Corp.
|
|
6,081
|
585,479
|
|
Synchrony Financial
|
|
8,691
|
501,036
|
|
Travelers Cos., Inc. (The)
|
|
4,690
|
1,293,033
|
|
U.S. Bancorp
|
|
27,637
|
1,204,697
|
|
Wells Fargo & Co.
|
|
63,344
|
4,736,864
|
|
|
|
|
36,603,713
|
|
Health Care-14.97%
|
|||
|
Biogen, Inc.(b)
|
|
2,920
|
378,987
|
|
Cardinal Health, Inc.
|
|
5,252
|
811,119
|
|
Cencora, Inc.
|
|
3,953
|
1,151,271
|
|
Centene Corp.(b)
|
|
22,520
|
1,271,029
|
|
Cigna Group (The)
|
|
7,653
|
2,423,246
|
|
CVS Health Corp.
|
|
55,823
|
3,574,905
|
|
Elevance Health, Inc.
|
|
6,135
|
2,354,858
|
|
Humana, Inc.
|
|
3,561
|
830,176
|
|
McKesson Corp.
|
|
2,737
|
1,969,299
|
|
Molina Healthcare, Inc.(b)
|
|
1,420
|
433,157
|
|
Universal Health Services, Inc., Class B
|
|
1,378
|
262,302
|
|
|
|
|
15,460,349
|
|
Industrials-2.57%
|
|||
|
Delta Air Lines, Inc.
|
|
16,952
|
820,307
|
|
FedEx Corp.
|
|
4,342
|
946,990
|
|
Huntington Ingalls Industries, Inc.
|
|
1,091
|
243,359
|
|
United Airlines Holdings, Inc.(b)
|
|
8,152
|
647,636
|
|
|
|
|
2,658,292
|
|
Information Technology-1.35%
|
|||
|
Hewlett Packard Enterprise Co.(c)
|
|
31,393
|
542,471
|
|
HP, Inc.
|
|
17,609
|
438,464
|
|
Jabil, Inc.
|
|
2,451
|
411,793
|
|
|
|
|
1,392,728
|
|
Materials-2.55%
|
|||
|
Ball Corp.
|
|
7,177
|
384,544
|
|
Dow, Inc.
|
|
14,878
|
412,716
|
|
Eastman Chemical Co.
|
|
2,304
|
180,564
|
|
LyondellBasell Industries N.V., Class A
|
|
7,087
|
400,345
|
|
Mosaic Co. (The)
|
|
8,322
|
300,757
|
|
Nucor Corp.
|
|
5,382
|
588,575
|
|
Steel Dynamics, Inc.
|
|
2,940
|
361,826
|
|
|
|
|
2,629,327
|
|
Real Estate-0.69%
|
|||
|
VICI Properties, Inc.(c)
|
|
22,420
|
710,938
|
|
Utilities-2.15%
|
|||
|
AES Corp. (The)
|
|
17,445
|
176,020
|
|
Consolidated Edison, Inc.
|
|
6,324
|
660,795
|
|
Evergy, Inc.
|
|
4,246
|
281,977
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Exelon Corp.
|
|
20,924
|
$916,889
|
|
Pinnacle West Capital Corp.(c)
|
|
2,078
|
189,576
|
|
|
|
|
2,225,257
|
|
Total Common Stocks & Other Equity Interests
(Cost $100,100,830)
|
102,934,518
|
||
|
Money Market Funds-0.04%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $40,118)
|
|
40,118
|
40,118
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.72%
(Cost $100,140,948)
|
102,974,636
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-5.80%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
1,664,161
|
$1,664,161
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
4,323,208
|
4,324,073
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,988,234)
|
5,988,234
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.52%
(Cost $106,129,182)
|
108,962,870
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.52)%
|
(5,701,883
)
|
||
|
NET ASSETS-100.00%
|
$103,260,987
|
||
|
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)
|
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
|
$-
|
$2,831,680
|
$(2,791,562
)
|
$-
|
$-
|
$40,118
|
$2,252
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
547,149
|
24,211,661
|
(23,094,649
)
|
-
|
-
|
1,664,161
|
31,647
*
|
|
Invesco Private Prime Fund
|
1,429,956
|
53,933,876
|
(51,039,501
)
|
(81
)
|
(177
)
|
4,324,073
|
85,692
*
|
|
Total
|
$1,977,105
|
$80,977,217
|
$(76,925,712
)
|
$(81
)
|
$(177
)
|
$6,028,352
|
$119,591
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.92%
|
|||
|
Communication Services-0.90%
|
|||
|
Verizon Communications, Inc.
|
|
9,369
|
$411,861
|
|
Consumer Discretionary-4.85%
|
|||
|
AutoZone, Inc.(b)
|
|
116
|
433,033
|
|
McDonald’s Corp.
|
|
1,444
|
453,199
|
|
O’Reilly Automotive, Inc.(b)
|
|
327
|
447,172
|
|
TJX Cos., Inc. (The)
|
|
3,811
|
483,616
|
|
Yum! Brands, Inc.
|
|
2,755
|
396,555
|
|
|
|
|
2,213,575
|
|
Consumer Staples-16.23%
|
|||
|
Altria Group, Inc.
|
|
7,985
|
483,971
|
|
Church & Dwight Co., Inc.
|
|
5,231
|
514,260
|
|
Clorox Co. (The)
|
|
3,111
|
410,279
|
|
Coca-Cola Co. (The)
|
|
7,816
|
563,533
|
|
Colgate-Palmolive Co.
|
|
5,060
|
470,276
|
|
Costco Wholesale Corp.
|
|
417
|
433,755
|
|
General Mills, Inc.
|
|
7,791
|
422,740
|
|
Keurig Dr Pepper, Inc.
|
|
14,455
|
486,700
|
|
Kimberly-Clark Corp.
|
|
3,647
|
524,293
|
|
Kraft Heinz Co. (The)
|
|
14,345
|
383,442
|
|
McCormick & Co., Inc.
|
|
5,650
|
410,924
|
|
Mondelez International, Inc., Class A
|
|
6,582
|
444,219
|
|
PepsiCo, Inc.
|
|
3,590
|
471,905
|
|
Procter & Gamble Co. (The)
|
|
3,084
|
523,941
|
|
Sysco Corp.
|
|
5,959
|
435,007
|
|
Tyson Foods, Inc., Class A
|
|
7,658
|
430,073
|
|
|
|
|
7,409,318
|
|
Financials-16.13%
|
|||
|
Aflac, Inc.
|
|
3,969
|
410,950
|
|
Aon PLC, Class A
|
|
1,192
|
443,519
|
|
Arthur J. Gallagher & Co.
|
|
1,269
|
440,901
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
947
|
477,250
|
|
Brown & Brown, Inc.
|
|
3,922
|
442,794
|
|
Cboe Global Markets, Inc.
|
|
1,746
|
400,044
|
|
Chubb Ltd.
|
|
1,510
|
448,772
|
|
CME Group, Inc., Class A
|
|
1,846
|
533,494
|
|
FactSet Research Systems, Inc.
|
|
953
|
436,722
|
|
Intercontinental Exchange, Inc.
|
|
2,786
|
500,923
|
|
Jack Henry & Associates, Inc.
|
|
2,551
|
462,165
|
|
Loews Corp.
|
|
4,946
|
441,628
|
|
Marsh & McLennan Cos., Inc.
|
|
2,346
|
548,166
|
|
Mastercard, Inc., Class A
|
|
781
|
457,354
|
|
Visa, Inc., Class A
|
|
1,210
|
441,880
|
|
Willis Towers Watson PLC
|
|
1,505
|
476,408
|
|
|
|
|
7,362,970
|
|
Health Care-10.67%
|
|||
|
Abbott Laboratories
|
|
3,353
|
447,894
|
|
Becton, Dickinson and Co.
|
|
2,629
|
453,739
|
|
Boston Scientific Corp.(b)
|
|
3,974
|
418,303
|
|
Cardinal Health, Inc.
|
|
2,760
|
426,254
|
|
Cencora, Inc.
|
|
1,577
|
459,286
|
|
Hologic, Inc.(b)
|
|
7,626
|
474,108
|
|
Johnson & Johnson
|
|
3,077
|
477,581
|
|
Medtronic PLC
|
|
5,222
|
433,322
|
|
Quest Diagnostics, Inc.(c)
|
|
2,354
|
408,042
|
|
STERIS PLC
|
|
1,858
|
455,600
|
|
Stryker Corp.
|
|
1,087
|
415,930
|
|
|
|
|
4,870,059
|
|
|
Shares
|
Value
|
|
|
Industrials-13.72%
|
|||
|
Automatic Data Processing, Inc.
|
|
1,582
|
$514,988
|
|
Broadridge Financial Solutions, Inc.
|
|
1,836
|
445,836
|
|
General Dynamics Corp.
|
|
1,566
|
436,115
|
|
Illinois Tool Works, Inc.
|
|
1,775
|
435,017
|
|
L3Harris Technologies, Inc.
|
|
1,955
|
477,685
|
|
Lockheed Martin Corp.
|
|
860
|
414,847
|
|
Otis Worldwide Corp.
|
|
4,271
|
407,240
|
|
Paychex, Inc.(c)
|
|
2,707
|
427,462
|
|
Republic Services, Inc.
|
|
2,059
|
529,760
|
|
Rollins, Inc.
|
|
7,330
|
419,643
|
|
Union Pacific Corp.
|
|
1,911
|
423,592
|
|
Verisk Analytics, Inc.
|
|
1,368
|
429,744
|
|
W.W. Grainger, Inc.
|
|
393
|
427,411
|
|
Waste Management, Inc.
|
|
1,958
|
471,819
|
|
|
|
|
6,261,159
|
|
Information Technology-2.75%
|
|||
|
Motorola Solutions, Inc.
|
|
1,028
|
427,011
|
|
Roper Technologies, Inc.
|
|
751
|
428,273
|
|
VeriSign, Inc.
|
|
1,460
|
397,806
|
|
|
|
|
1,253,090
|
|
Materials-3.12%
|
|||
|
Avery Dennison Corp.
|
|
2,503
|
444,858
|
|
Ecolab, Inc.
|
|
1,757
|
466,694
|
|
Linde PLC
|
|
1,091
|
510,130
|
|
|
|
|
1,421,682
|
|
Real Estate-11.33%
|
|||
|
AvalonBay Communities, Inc.
|
|
2,087
|
431,529
|
|
Camden Property Trust
|
|
3,551
|
417,207
|
|
Equity Residential(c)
|
|
5,797
|
406,602
|
|
Federal Realty Investment Trust
|
|
4,298
|
410,373
|
|
Invitation Homes, Inc.
|
|
11,934
|
402,176
|
|
Mid-America Apartment Communities, Inc.(c)
|
|
2,657
|
416,219
|
|
Realty Income Corp.
|
|
8,786
|
497,463
|
|
Regency Centers Corp.
|
|
6,473
|
467,027
|
|
UDR, Inc.
|
|
9,754
|
404,108
|
|
Ventas, Inc.
|
|
6,336
|
407,278
|
|
VICI Properties, Inc.(c)
|
|
14,567
|
461,920
|
|
Welltower, Inc.
|
|
2,918
|
450,189
|
|
|
|
|
5,172,091
|
|
Utilities-20.22%
|
|||
|
Alliant Energy Corp.(c)
|
|
7,937
|
493,920
|
|
Ameren Corp.
|
|
4,923
|
476,940
|
|
American Electric Power Co., Inc.(c)
|
|
4,520
|
467,775
|
|
Atmos Energy Corp.
|
|
3,396
|
525,293
|
|
CenterPoint Energy, Inc.(c)
|
|
11,619
|
432,692
|
|
CMS Energy Corp.
|
|
7,348
|
516,050
|
|
Consolidated Edison, Inc.
|
|
4,398
|
459,547
|
|
DTE Energy Co.
|
|
3,562
|
486,747
|
|
Duke Energy Corp.
|
|
4,319
|
508,433
|
|
Evergy, Inc.
|
|
8,387
|
556,981
|
|
Exelon Corp.
|
|
10,387
|
455,158
|
|
FirstEnergy Corp.
|
|
10,680
|
447,919
|
|
NiSource, Inc.
|
|
12,357
|
488,596
|
|
Pinnacle West Capital Corp.(c)
|
|
5,583
|
509,337
|
|
PPL Corp.
|
|
14,509
|
504,188
|
|
Public Service Enterprise Group, Inc.
|
|
5,199
|
421,275
|
|
Southern Co. (The)
|
|
5,486
|
493,740
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
WEC Energy Group, Inc.
|
|
4,892
|
$525,596
|
|
Xcel Energy, Inc.
|
|
6,558
|
459,716
|
|
|
|
|
9,229,903
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.92%
(Cost $41,420,412)
|
45,605,708
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-7.69%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
977,351
|
977,351
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
2,532,131
|
$2,532,637
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $3,509,988)
|
3,509,988
|
||
|
TOTAL INVESTMENTS IN SECURITIES-107.61%
(Cost $44,930,400)
|
49,115,696
|
||
|
OTHER ASSETS LESS LIABILITIES-(7.61)%
|
(3,474,416
)
|
||
|
NET ASSETS-100.00%
|
$45,641,280
|
||
|
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)
|
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
|
$-
|
$477,911
|
$(477,911
)
|
$-
|
$-
|
$-
|
$741
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
317,405
|
14,916,758
|
(14,256,812
)
|
-
|
-
|
977,351
|
23,547
*
|
|
Invesco Private Prime Fund
|
824,233
|
31,689,525
|
(29,980,573
)
|
(55
)
|
(493
)
|
2,532,637
|
63,252
*
|
|
Total
|
$1,141,638
|
$47,084,194
|
$(44,715,296
)
|
$(55
)
|
$(493
)
|
$3,509,988
|
$87,540
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.96%
|
|||
|
Communication Services-2.01%
|
|||
|
Meta Platforms, Inc., Class A
|
|
4,772
|
$3,089,822
|
|
Warner Bros. Discovery, Inc.(b)
|
|
386,549
|
3,853,894
|
|
|
|
|
6,943,716
|
|
Consumer Discretionary-12.91%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
21,841
|
2,817,489
|
|
Amazon.com, Inc.(b)
|
|
14,881
|
3,050,754
|
|
Caesars Entertainment, Inc., (Acquired
05/21/2021 - 05/27/2025;
Cost $7,406,860)(b)(c)
|
|
123,775
|
3,327,072
|
|
Carnival Corp.(b)
|
|
176,923
|
4,108,152
|
|
Deckers Outdoor Corp.(b)
|
|
23,087
|
2,436,140
|
|
DoorDash, Inc., Class A(b)
|
|
14,426
|
3,009,985
|
|
Expedia Group, Inc.
|
|
16,997
|
2,834,250
|
|
MGM Resorts International(b)
|
|
92,685
|
2,933,480
|
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
203,675
|
3,594,864
|
|
Ralph Lauren Corp.
|
|
11,641
|
3,222,345
|
|
Royal Caribbean Cruises Ltd.
|
|
14,403
|
3,701,139
|
|
Tesla, Inc.(b)
|
|
18,745
|
6,494,393
|
|
Williams-Sonoma, Inc.
|
|
18,469
|
2,987,545
|
|
|
|
|
44,517,608
|
|
Consumer Staples-0.81%
|
|||
|
Estee Lauder Cos., Inc. (The), Class A
|
|
41,668
|
2,789,256
|
|
Energy-3.17%
|
|||
|
APA Corp.
|
|
195,094
|
3,318,549
|
|
Devon Energy Corp.
|
|
84,060
|
2,543,656
|
|
Halliburton Co.
|
|
127,289
|
2,493,591
|
|
Texas Pacific Land Corp.(d)
|
|
2,327
|
2,592,348
|
|
|
|
|
10,948,144
|
|
Financials-10.79%
|
|||
|
American Express Co.
|
|
9,798
|
2,881,102
|
|
Apollo Global Management, Inc.
|
|
27,794
|
3,632,398
|
|
Blackstone, Inc., Class A
|
|
23,232
|
3,223,672
|
|
Capital One Financial Corp.
|
|
15,524
|
2,936,365
|
|
Citigroup, Inc.
|
|
36,813
|
2,772,755
|
|
Corpay, Inc.(b)
|
|
7,856
|
2,554,064
|
|
Goldman Sachs Group, Inc. (The)
|
|
5,103
|
3,064,096
|
|
Invesco Ltd.(e)
|
|
213,681
|
3,089,827
|
|
KeyCorp
|
|
167,143
|
2,650,888
|
|
KKR & Co., Inc., Class A
|
|
33,175
|
4,029,436
|
|
Morgan Stanley
|
|
23,362
|
2,991,037
|
|
Synchrony Financial
|
|
59,109
|
3,407,634
|
|
|
|
|
37,233,274
|
|
Health Care-3.87%
|
|||
|
Align Technology, Inc.(b)
|
|
14,897
|
2,695,463
|
|
Charles River Laboratories International,
Inc.(b)
|
|
20,165
|
2,734,979
|
|
GE HealthCare Technologies, Inc.
|
|
36,018
|
2,540,710
|
|
Intuitive Surgical, Inc.(b)
|
|
4,831
|
2,668,354
|
|
Moderna, Inc.(b)(d)
|
|
102,121
|
2,712,334
|
|
|
|
|
13,351,840
|
|
Industrials-16.35%
|
|||
|
Boeing Co. (The)(b)
|
|
13,638
|
2,827,430
|
|
Dayforce, Inc.(b)(d)
|
|
48,338
|
2,855,809
|
|
Delta Air Lines, Inc.
|
|
74,371
|
3,598,813
|
|
Eaton Corp. PLC
|
|
10,384
|
3,324,957
|
|
Emerson Electric Co.
|
|
23,777
|
2,838,498
|
|
GE Vernova, Inc.
|
|
9,772
|
4,621,961
|
|
Generac Holdings, Inc.(b)
|
|
21,626
|
2,641,183
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
General Electric Co.
|
|
12,055
|
$2,964,445
|
|
Howmet Aerospace, Inc.
|
|
18,560
|
3,153,158
|
|
Hubbell, Inc.
|
|
7,354
|
2,864,971
|
|
Johnson Controls International PLC
|
|
28,688
|
2,908,103
|
|
Parker-Hannifin Corp.
|
|
4,754
|
3,159,984
|
|
Quanta Services, Inc.
|
|
8,565
|
2,934,026
|
|
Rockwell Automation, Inc.
|
|
8,692
|
2,742,761
|
|
Southwest Airlines Co.(d)
|
|
85,338
|
2,848,582
|
|
Stanley Black & Decker, Inc.
|
|
43,505
|
2,846,532
|
|
United Airlines Holdings, Inc.(b)
|
|
52,324
|
4,156,880
|
|
United Rentals, Inc.
|
|
4,391
|
3,110,497
|
|
|
|
|
56,398,590
|
|
Information Technology-41.99%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
42,163
|
4,668,709
|
|
Amphenol Corp., Class A
|
|
36,820
|
3,311,223
|
|
Analog Devices, Inc.
|
|
17,536
|
3,752,353
|
|
Apple, Inc.
|
|
13,403
|
2,691,993
|
|
Applied Materials, Inc.
|
|
24,208
|
3,794,604
|
|
Arista Networks, Inc.(b)
|
|
42,526
|
3,684,453
|
|
Broadcom, Inc.
|
|
21,257
|
5,145,682
|
|
Cadence Design Systems, Inc.(b)
|
|
10,381
|
2,980,074
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
8,197
|
3,863,820
|
|
Dell Technologies, Inc., Class C
|
|
41,549
|
4,623,157
|
|
Hewlett Packard Enterprise Co.
|
|
201,147
|
3,475,820
|
|
Intel Corp.
|
|
183,069
|
3,578,999
|
|
Jabil, Inc.
|
|
19,014
|
3,194,542
|
|
Keysight Technologies, Inc.(b)
|
|
18,613
|
2,922,986
|
|
KLA Corp.
|
|
5,625
|
4,257,450
|
|
Lam Research Corp.
|
|
54,931
|
4,437,875
|
|
Microchip Technology, Inc.
|
|
94,482
|
5,483,735
|
|
Micron Technology, Inc.
|
|
56,075
|
5,296,844
|
|
Monolithic Power Systems, Inc.
|
|
8,026
|
5,312,409
|
|
NetApp, Inc.
|
|
28,205
|
2,796,808
|
|
NVIDIA Corp.
|
|
38,702
|
5,229,801
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
19,772
|
3,779,022
|
|
ON Semiconductor Corp.(b)
|
|
109,844
|
4,615,645
|
|
Oracle Corp.
|
|
20,386
|
3,374,495
|
|
Palantir Technologies, Inc., Class A(b)
|
|
41,295
|
5,441,855
|
|
Palo Alto Networks, Inc.(b)
|
|
14,184
|
2,729,285
|
|
QUALCOMM, Inc.
|
|
24,628
|
3,575,986
|
|
Seagate Technology Holdings PLC
|
|
29,747
|
3,508,361
|
|
ServiceNow, Inc.(b)
|
|
2,973
|
3,005,971
|
|
Skyworks Solutions, Inc.
|
|
53,271
|
3,677,297
|
|
Super Micro Computer, Inc.(b)(d)
|
|
140,552
|
5,624,891
|
|
Synopsys, Inc.(b)
|
|
6,713
|
3,114,698
|
|
Teradyne, Inc.
|
|
53,078
|
4,171,931
|
|
Texas Instruments, Inc.
|
|
17,805
|
3,255,644
|
|
Trimble, Inc.(b)
|
|
40,964
|
2,919,504
|
|
Western Digital Corp.(b)
|
|
81,702
|
4,211,738
|
|
Zebra Technologies Corp., Class A(b)
|
|
11,464
|
3,321,923
|
|
|
|
|
144,831,583
|
|
Materials-4.08%
|
|||
|
Albemarle Corp.(d)
|
|
60,583
|
3,378,108
|
|
DuPont de Nemours, Inc.
|
|
38,540
|
2,574,472
|
|
Freeport-McMoRan, Inc.
|
|
88,449
|
3,403,518
|
|
Nucor Corp.
|
|
22,106
|
2,417,512
|
|
Steel Dynamics, Inc.
|
|
18,744
|
2,306,824
|
|
|
|
|
14,080,434
|
|
Utilities-3.98%
|
|||
|
Constellation Energy Corp.
|
|
13,902
|
4,256,097
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
NRG Energy, Inc.
|
|
26,997
|
$4,208,832
|
|
Vistra Corp.
|
|
32,736
|
5,256,420
|
|
|
|
|
13,721,349
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.96%
(Cost $378,605,226)
|
344,815,794
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-5.84%
|
|||
|
Invesco Private Government Fund,
4.29%(e)(f)(g)
|
|
5,590,987
|
5,590,987
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.45%(e)(f)(g)
|
|
14,548,922
|
$14,551,832
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $20,142,819)
|
20,142,819
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.80%
(Cost $398,748,045)
|
364,958,613
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.80)%
|
(20,014,454
)
|
||
|
NET ASSETS-100.00%
|
$344,944,159
|
||
|
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)
|
Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets.
|
|
(d)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(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
|
|
Invesco Ltd.
|
$3,565,538
|
$4,606,720
|
$(4,568,242
)
|
$(336,631
)
|
$(177,558
)
|
$3,089,827
|
$101,282
|
|
Investments in
Affiliated Money Market
Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
135,155
|
2,900,201
|
(3,035,356
)
|
-
|
-
|
-
|
5,603
|
|
Investments Purchased
with Cash Collateral
from Securities on
Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
6,461,373
|
115,789,271
|
(116,659,657
)
|
-
|
-
|
5,590,987
|
214,335
*
|
|
Invesco Private Prime
Fund
|
16,939,267
|
194,371,494
|
(196,754,391
)
|
(567
)
|
(3,971
)
|
14,551,832
|
554,567
*
|
|
Total
|
$27,101,333
|
$317,667,686
|
$(321,017,646
)
|
$(337,198
)
|
$(181,529
)
|
$23,232,646
|
$875,787
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.82%
|
|||
|
Communication Services-2.52%
|
|||
|
Comcast Corp., Class A
|
|
2,160
|
$74,671
|
|
Interpublic Group of Cos., Inc. (The)
|
|
4,218
|
101,063
|
|
|
|
|
175,734
|
|
Consumer Discretionary-3.05%
|
|||
|
D.R. Horton, Inc.
|
|
246
|
29,043
|
|
Domino’s Pizza, Inc.
|
|
70
|
33,167
|
|
Garmin Ltd.
|
|
210
|
42,624
|
|
NIKE, Inc., Class B
|
|
922
|
55,864
|
|
Starbucks Corp.
|
|
625
|
52,469
|
|
|
|
|
213,167
|
|
Consumer Staples-11.94%
|
|||
|
Altria Group, Inc.
|
|
2,607
|
158,010
|
|
Conagra Brands, Inc.
|
|
4,665
|
106,782
|
|
Constellation Brands, Inc., Class A
|
|
278
|
49,565
|
|
General Mills, Inc.
|
|
1,519
|
82,421
|
|
Hormel Foods Corp.
|
|
2,732
|
83,818
|
|
Keurig Dr Pepper, Inc.
|
|
1,701
|
57,273
|
|
Kroger Co. (The)
|
|
659
|
44,963
|
|
Lamb Weston Holdings, Inc.
|
|
1,095
|
61,079
|
|
Mondelez International, Inc., Class A
|
|
939
|
63,373
|
|
PepsiCo, Inc.
|
|
546
|
71,772
|
|
Procter & Gamble Co. (The)
|
|
324
|
55,044
|
|
|
|
|
834,100
|
|
Energy-9.18%
|
|||
|
Baker Hughes Co., Class A
|
|
1,168
|
43,274
|
|
Chevron Corp.
|
|
593
|
81,063
|
|
ConocoPhillips
|
|
696
|
59,404
|
|
Coterra Energy, Inc.
|
|
2,547
|
61,918
|
|
Devon Energy Corp.
|
|
1,765
|
53,409
|
|
Diamondback Energy, Inc.
|
|
397
|
53,416
|
|
EOG Resources, Inc.
|
|
575
|
62,428
|
|
Marathon Petroleum Corp.
|
|
411
|
66,064
|
|
ONEOK, Inc.
|
|
1,034
|
83,588
|
|
Williams Cos., Inc. (The)
|
|
1,260
|
76,243
|
|
|
|
|
640,807
|
|
Financials-18.53%
|
|||
|
Aflac, Inc.
|
|
421
|
43,590
|
|
American Express Co.
|
|
99
|
29,111
|
|
American International Group, Inc.
|
|
511
|
43,251
|
|
Bank of America Corp.
|
|
1,486
|
65,577
|
|
Bank of New York Mellon Corp. (The)(b)
|
|
639
|
56,622
|
|
BlackRock, Inc.
|
|
54
|
52,914
|
|
Citigroup, Inc.
|
|
1,072
|
80,743
|
|
Citizens Financial Group, Inc.
|
|
2,398
|
96,759
|
|
Fifth Third Bancorp
|
|
2,295
|
87,646
|
|
Franklin Resources, Inc.(b)
|
|
7,636
|
165,243
|
|
JPMorgan Chase & Co.
|
|
212
|
55,968
|
|
Morgan Stanley
|
|
629
|
80,531
|
|
Principal Financial Group, Inc.
|
|
983
|
76,566
|
|
Prudential Financial, Inc.
|
|
988
|
102,643
|
|
Regions Financial Corp.
|
|
5,566
|
119,335
|
|
State Street Corp.
|
|
904
|
87,037
|
|
Synchrony Financial
|
|
876
|
50,502
|
|
|
|
|
1,294,038
|
|
Health Care-9.26%
|
|||
|
AbbVie, Inc.
|
|
378
|
70,350
|
|
Amgen, Inc.
|
|
227
|
65,417
|
|
Bristol-Myers Squibb Co.
|
|
1,684
|
81,303
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
CVS Health Corp.
|
|
1,275
|
$81,651
|
|
Medtronic PLC
|
|
896
|
74,350
|
|
Merck & Co., Inc.
|
|
950
|
72,998
|
|
Pfizer, Inc.
|
|
6,376
|
149,772
|
|
UnitedHealth Group, Inc.
|
|
66
|
19,926
|
|
Zoetis, Inc.
|
|
182
|
30,691
|
|
|
|
|
646,458
|
|
Industrials-7.05%
|
|||
|
Automatic Data Processing, Inc.
|
|
148
|
48,179
|
|
Fastenal Co.
|
|
1,234
|
51,014
|
|
FedEx Corp.
|
|
237
|
51,690
|
|
General Electric Co.
|
|
88
|
21,640
|
|
Illinois Tool Works, Inc.
|
|
227
|
55,633
|
|
Johnson Controls International PLC
|
|
544
|
55,145
|
|
Norfolk Southern Corp.
|
|
234
|
57,826
|
|
Northrop Grumman Corp.
|
|
72
|
34,903
|
|
Paychex, Inc.
|
|
400
|
63,164
|
|
Snap-on, Inc.
|
|
165
|
52,924
|
|
|
|
|
492,118
|
|
Information Technology-5.46%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
145
|
45,939
|
|
Amphenol Corp., Class A
|
|
340
|
30,576
|
|
Analog Devices, Inc.
|
|
213
|
45,578
|
|
Applied Materials, Inc.
|
|
185
|
28,999
|
|
Broadcom, Inc.
|
|
170
|
41,152
|
|
HP, Inc.
|
|
3,694
|
91,980
|
|
Lam Research Corp.
|
|
415
|
33,528
|
|
Monolithic Power Systems, Inc.
|
|
43
|
28,462
|
|
Oracle Corp.
|
|
213
|
35,258
|
|
|
|
|
381,472
|
|
Materials-2.23%
|
|||
|
LyondellBasell Industries N.V., Class A
|
|
2,753
|
155,517
|
|
Real Estate-12.57%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
1,558
|
109,356
|
|
Crown Castle, Inc.
|
|
1,362
|
136,677
|
|
Equinix, Inc.
|
|
63
|
55,996
|
|
Essex Property Trust, Inc.
|
|
262
|
74,382
|
|
Invitation Homes, Inc.
|
|
2,270
|
76,499
|
|
Iron Mountain, Inc.
|
|
925
|
91,307
|
|
Mid-America Apartment Communities, Inc.
|
|
511
|
80,048
|
|
Prologis, Inc.(b)
|
|
804
|
87,314
|
|
SBA Communications Corp., Class A
|
|
207
|
48,001
|
|
VICI Properties, Inc.
|
|
3,730
|
118,278
|
|
|
|
|
877,858
|
|
Utilities-18.03%
|
|||
|
AES Corp. (The)
|
|
11,399
|
115,016
|
|
Alliant Energy Corp.
|
|
1,102
|
68,577
|
|
American Water Works Co., Inc.
|
|
343
|
49,039
|
|
Atmos Energy Corp.
|
|
331
|
51,199
|
|
CMS Energy Corp.
|
|
861
|
60,468
|
|
Edison International
|
|
2,122
|
118,089
|
|
Entergy Corp.
|
|
744
|
61,960
|
|
Evergy, Inc.
|
|
1,290
|
85,669
|
|
Eversource Energy
|
|
1,839
|
119,186
|
|
FirstEnergy Corp.
|
|
2,378
|
99,733
|
|
NextEra Energy, Inc.
|
|
1,014
|
71,629
|
|
NiSource, Inc.
|
|
1,588
|
62,789
|
|
Public Service Enterprise Group, Inc.
|
|
791
|
64,095
|
|
Sempra
|
|
1,148
|
90,221
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
WEC Energy Group, Inc.
|
|
663
|
$71,233
|
|
Xcel Energy, Inc.(b)
|
|
1,006
|
70,521
|
|
|
|
|
1,259,424
|
|
Total Common Stocks & Other Equity Interests
(Cost $6,792,246)
|
6,970,693
|
||
|
Money Market Funds-0.03%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(c)(d)
(Cost $2,027)
|
|
2,027
|
2,027
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.85%
(Cost $6,794,273)
|
6,972,720
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-3.58%
|
|||
|
Invesco Private Government Fund, 4.29%(c)(d)(e)
|
|
69,218
|
$69,218
|
|
Invesco Private Prime Fund, 4.45%(c)(d)(e)
|
|
180,481
|
180,517
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $249,735)
|
249,735
|
||
|
TOTAL INVESTMENTS IN SECURITIES-103.43%
(Cost $7,044,008)
|
7,222,455
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.43)%
|
(239,469
)
|
||
|
NET ASSETS-100.00%
|
$6,982,986
|
||
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
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
|
$-
|
$102,312
|
$(100,285
)
|
$-
|
$-
|
$2,027
|
$99
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
17,630
|
974,028
|
(922,440
)
|
-
|
-
|
69,218
|
1,424
*
|
|
Invesco Private Prime Fund
|
43,596
|
2,009,905
|
(1,872,969
)
|
(4
)
|
(11
)
|
180,517
|
3,626
*
|
|
Total
|
$61,226
|
$3,086,245
|
$(2,895,694
)
|
$(4
)
|
$(11
)
|
$251,762
|
$5,149
|
|
*
|
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.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
|
|
(e)
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.78%
|
|||
|
Communication Services-7.69%
|
|||
|
AT&T, Inc.
|
|
3,046,530
|
$84,693,534
|
|
Interpublic Group of Cos., Inc. (The)
|
|
2,343,716
|
56,155,435
|
|
Verizon Communications, Inc.
|
|
2,399,848
|
105,497,318
|
|
|
|
|
246,346,287
|
|
Consumer Staples-17.59%
|
|||
|
Altria Group, Inc.
|
|
1,903,519
|
115,372,287
|
|
Conagra Brands, Inc.
|
|
2,778,668
|
63,603,710
|
|
General Mills, Inc.(b)
|
|
877,652
|
47,621,398
|
|
J.M. Smucker Co. (The)
|
|
532,119
|
59,921,921
|
|
Kenvue, Inc.
|
|
2,592,360
|
61,879,633
|
|
Kimberly-Clark Corp.
|
|
411,786
|
59,198,355
|
|
Kraft Heinz Co. (The)
|
|
2,523,944
|
67,465,023
|
|
Philip Morris International, Inc.
|
|
491,271
|
88,718,630
|
|
|
|
|
563,780,957
|
|
Energy-9.52%
|
|||
|
Chevron Corp.
|
|
410,640
|
56,134,488
|
|
Exxon Mobil Corp.
|
|
466,473
|
47,720,188
|
|
Kinder Morgan, Inc.
|
|
1,960,181
|
54,963,475
|
|
ONEOK, Inc.
|
|
535,773
|
43,311,889
|
|
Phillips 66
|
|
460,226
|
52,226,447
|
|
Williams Cos., Inc. (The)
|
|
836,802
|
50,634,889
|
|
|
|
|
304,991,376
|
|
Financials-8.35%
|
|||
|
Prudential Financial, Inc.
|
|
530,994
|
55,164,967
|
|
Regions Financial Corp.
|
|
2,417,731
|
51,836,153
|
|
T. Rowe Price Group, Inc.
|
|
545,261
|
51,030,977
|
|
Truist Financial Corp.
|
|
1,448,539
|
57,217,290
|
|
U.S. Bancorp
|
|
1,197,849
|
52,214,238
|
|
|
|
|
267,463,625
|
|
Health Care-8.83%
|
|||
|
AbbVie, Inc.
|
|
290,902
|
54,139,771
|
|
Amgen, Inc.
|
|
178,023
|
51,302,668
|
|
Johnson & Johnson
|
|
328,333
|
50,960,565
|
|
Medtronic PLC
|
|
549,869
|
45,628,130
|
|
Pfizer, Inc.
|
|
3,446,294
|
80,953,446
|
|
|
|
|
282,984,580
|
|
Industrials-1.68%
|
|||
|
United Parcel Service, Inc., Class B
|
|
551,867
|
53,829,107
|
|
Materials-7.88%
|
|||
|
Amcor PLC(b)
|
|
7,768,750
|
70,773,312
|
|
Dow, Inc.
|
|
2,394,742
|
66,430,143
|
|
Eastman Chemical Co.
|
|
550,178
|
43,117,450
|
|
LyondellBasell Industries N.V., Class A
|
|
1,280,739
|
72,348,946
|
|
|
|
|
252,669,851
|
|
|
Shares
|
Value
|
|
|
Real Estate-20.16%
|
|||
|
Alexandria Real Estate Equities, Inc.(b)
|
|
743,317
|
$52,173,420
|
|
Crown Castle, Inc.
|
|
1,106,726
|
111,059,954
|
|
Extra Space Storage, Inc.
|
|
404,546
|
61,147,128
|
|
Healthpeak Properties, Inc.
|
|
4,035,449
|
70,257,167
|
|
Host Hotels & Resorts, Inc.
|
|
3,827,335
|
59,285,419
|
|
Kimco Realty Corp.
|
|
2,564,721
|
54,525,969
|
|
Realty Income Corp.
|
|
1,532,756
|
86,784,645
|
|
Simon Property Group, Inc.
|
|
383,269
|
62,499,676
|
|
VICI Properties, Inc.
|
|
2,783,558
|
88,266,624
|
|
|
|
|
646,000,002
|
|
Utilities-18.08%
|
|||
|
American Electric Power Co., Inc.
|
|
559,792
|
57,932,874
|
|
Dominion Energy, Inc.(b)
|
|
1,316,158
|
74,586,674
|
|
Duke Energy Corp.
|
|
496,635
|
58,463,872
|
|
Edison International
|
|
956,880
|
53,250,372
|
|
Evergy, Inc.
|
|
942,438
|
62,587,308
|
|
Eversource Energy
|
|
1,255,507
|
81,369,409
|
|
Exelon Corp.
|
|
1,456,039
|
63,803,629
|
|
FirstEnergy Corp.
|
|
1,533,878
|
64,330,843
|
|
Pinnacle West Capital Corp.(b)
|
|
690,592
|
63,002,708
|
|
|
|
|
579,327,689
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.78%
(Cost $3,379,222,082)
|
3,197,393,474
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-0.54%
|
|||
|
Invesco Private Government Fund,
4.29%(c)(d)(e)
|
|
4,778,536
|
4,778,536
|
|
Invesco Private Prime Fund, 4.45%(c)(d)(e)
|
|
12,651,793
|
12,654,323
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $17,432,859)
|
17,432,859
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.32%
(Cost $3,396,654,941)
|
3,214,826,333
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.32)%
|
(10,214,885
)
|
||
|
NET ASSETS-100.00%
|
$3,204,611,448
|
||
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
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
|
$-
|
$92,857,414
|
$(92,857,414
)
|
$-
|
$-
|
$-
|
$102,372
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
44,722,072
|
373,674,723
|
(413,618,259
)
|
-
|
-
|
4,778,536
|
1,252,942
*
|
|
Invesco Private Prime
Fund
|
116,617,256
|
789,649,537
|
(893,591,534
)
|
(4,751
)
|
(16,185
)
|
12,654,323
|
3,369,958
*
|
|
Total
|
$161,339,328
|
$1,256,181,674
|
$(1,400,067,207
)
|
$(4,751
)
|
$(16,185
)
|
$17,432,859
|
$4,725,272
|
|
*
|
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.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
|
|
(e)
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.95%
|
|||
|
Communication Services-0.90%
|
|||
|
Verizon Communications, Inc.(b)
|
|
1,648,381
|
$72,462,829
|
|
Consumer Discretionary-4.85%
|
|||
|
AutoZone, Inc.(c)
|
|
20,419
|
76,224,944
|
|
McDonald’s Corp.
|
|
254,078
|
79,742,380
|
|
O’Reilly Automotive, Inc.(c)
|
|
57,548
|
78,696,890
|
|
TJX Cos., Inc. (The)
|
|
670,503
|
85,086,830
|
|
Yum! Brands, Inc.
|
|
485,853
|
69,933,681
|
|
|
|
|
389,684,725
|
|
Consumer Staples-15.37%
|
|||
|
Altria Group, Inc.
|
|
1,404,725
|
85,140,382
|
|
Church & Dwight Co., Inc.(b)
|
|
920,348
|
90,479,412
|
|
Clorox Co. (The)
|
|
547,289
|
72,176,473
|
|
Coca-Cola Co. (The)
|
|
1,375,059
|
99,141,754
|
|
Colgate-Palmolive Co.
|
|
890,136
|
82,729,240
|
|
Costco Wholesale Corp.
|
|
73,392
|
76,340,891
|
|
General Mills, Inc.(b)
|
|
1,370,679
|
74,373,043
|
|
Keurig Dr Pepper, Inc.
|
|
2,543,162
|
85,628,264
|
|
Kimberly-Clark Corp.
|
|
641,671
|
92,246,623
|
|
McCormick & Co., Inc.
|
|
994,088
|
72,300,020
|
|
Mondelez International, Inc., Class A(b)
|
|
1,157,995
|
78,153,083
|
|
PepsiCo, Inc.
|
|
631,561
|
83,018,693
|
|
Procter & Gamble Co. (The)
|
|
542,647
|
92,190,299
|
|
Sysco Corp.(b)
|
|
1,048,321
|
76,527,433
|
|
Tyson Foods, Inc., Class A
|
|
1,347,272
|
75,662,795
|
|
|
|
|
1,236,108,405
|
|
Financials-17.05%
|
|||
|
Aflac, Inc.
|
|
698,344
|
72,306,538
|
|
Aon PLC, Class A
|
|
209,645
|
78,004,712
|
|
Arthur J. Gallagher & Co.
|
|
223,275
|
77,574,666
|
|
Berkshire Hathaway, Inc., Class B(c)
|
|
166,910
|
84,115,964
|
|
Brown & Brown, Inc.(b)
|
|
689,948
|
77,895,129
|
|
Cboe Global Markets, Inc.
|
|
307,158
|
70,376,041
|
|
Chubb Ltd.
|
|
265,668
|
78,956,530
|
|
CME Group, Inc., Class A
|
|
324,776
|
93,860,264
|
|
FactSet Research Systems, Inc.
|
|
167,739
|
76,868,074
|
|
Intercontinental Exchange, Inc.
|
|
490,214
|
88,140,477
|
|
Jack Henry & Associates, Inc.(b)
|
|
448,902
|
81,327,575
|
|
Loews Corp.
|
|
870,164
|
77,696,944
|
|
Marsh & McLennan Cos., Inc.
|
|
412,755
|
96,444,333
|
|
Mastercard, Inc., Class A
|
|
137,139
|
80,308,598
|
|
S&P Global, Inc.
|
|
147,204
|
75,495,043
|
|
Visa, Inc., Class A
|
|
212,927
|
77,758,811
|
|
Willis Towers Watson PLC
|
|
264,799
|
83,822,124
|
|
|
|
|
1,370,951,823
|
|
Health Care-10.66%
|
|||
|
Abbott Laboratories(b)
|
|
589,894
|
78,798,041
|
|
Becton, Dickinson and Co.
|
|
462,499
|
79,822,702
|
|
Boston Scientific Corp.(c)
|
|
699,106
|
73,587,898
|
|
Cardinal Health, Inc.
|
|
485,485
|
74,978,303
|
|
Cencora, Inc.
|
|
278,012
|
80,968,215
|
|
Hologic, Inc.(c)
|
|
1,341,752
|
83,416,722
|
|
Johnson & Johnson
|
|
541,273
|
84,010,982
|
|
Medtronic PLC
|
|
918,801
|
76,242,107
|
|
Quest Diagnostics, Inc.(b)
|
|
414,077
|
71,776,107
|
|
STERIS PLC
|
|
326,945
|
80,170,183
|
|
Stryker Corp.(b)
|
|
191,164
|
73,146,993
|
|
|
|
|
856,918,253
|
|
|
Shares
|
Value
|
|
|
Industrials-13.77%
|
|||
|
Automatic Data Processing, Inc.
|
|
278,254
|
$90,580,025
|
|
Broadridge Financial Solutions, Inc.
|
|
322,982
|
78,429,719
|
|
General Dynamics Corp.
|
|
275,546
|
76,736,806
|
|
Illinois Tool Works, Inc.
|
|
312,228
|
76,520,838
|
|
L3Harris Technologies, Inc.
|
|
343,971
|
84,045,874
|
|
Otis Worldwide Corp.
|
|
751,489
|
71,654,476
|
|
Paychex, Inc.(b)
|
|
476,272
|
75,208,112
|
|
Republic Services, Inc.
|
|
362,750
|
93,331,947
|
|
Rollins, Inc.(b)
|
|
1,289,570
|
73,827,883
|
|
Union Pacific Corp.
|
|
336,170
|
74,515,442
|
|
Veralto Corp.
|
|
779,851
|
78,788,347
|
|
Verisk Analytics, Inc.
|
|
240,716
|
75,618,524
|
|
W.W. Grainger, Inc.
|
|
69,172
|
75,228,700
|
|
Waste Management, Inc.
|
|
344,554
|
83,027,177
|
|
|
|
|
1,107,513,870
|
|
Information Technology-2.74%
|
|||
|
Motorola Solutions, Inc.
|
|
180,858
|
75,124,796
|
|
Roper Technologies, Inc.
|
|
132,150
|
75,361,181
|
|
VeriSign, Inc.
|
|
257,494
|
70,159,390
|
|
|
|
|
220,645,367
|
|
Materials-3.11%
|
|||
|
Avery Dennison Corp.
|
|
440,443
|
78,279,934
|
|
Ecolab, Inc.
|
|
309,083
|
82,098,627
|
|
Linde PLC
|
|
191,859
|
89,709,431
|
|
|
|
|
250,087,992
|
|
Real Estate-11.31%
|
|||
|
AvalonBay Communities, Inc.
|
|
367,181
|
75,922,015
|
|
Camden Property Trust
|
|
624,729
|
73,399,410
|
|
Equity Residential(b)
|
|
1,019,931
|
71,537,960
|
|
Federal Realty Investment Trust
|
|
756,161
|
72,198,252
|
|
Invitation Homes, Inc.
|
|
2,099,554
|
70,754,970
|
|
Mid-America Apartment Communities,
Inc.(b)
|
|
467,379
|
73,214,920
|
|
Realty Income Corp.
|
|
1,545,780
|
87,522,064
|
|
Regency Centers Corp.
|
|
1,138,862
|
82,168,893
|
|
UDR, Inc.
|
|
1,716,078
|
71,097,112
|
|
Ventas, Inc.
|
|
1,114,710
|
71,653,559
|
|
VICI Properties, Inc.(b)
|
|
2,562,902
|
81,269,623
|
|
Welltower, Inc.
|
|
513,324
|
79,195,627
|
|
|
|
|
909,934,405
|
|
Utilities-20.19%
|
|||
|
Alliant Energy Corp.(b)
|
|
1,396,357
|
86,895,296
|
|
Ameren Corp.
|
|
866,007
|
83,898,758
|
|
American Electric Power Co., Inc.(b)
|
|
795,216
|
82,296,904
|
|
Atmos Energy Corp.(b)
|
|
597,449
|
92,413,411
|
|
CenterPoint Energy, Inc.(b)
|
|
2,045,726
|
76,182,836
|
|
CMS Energy Corp.(b)
|
|
1,292,784
|
90,792,220
|
|
Consolidated Edison, Inc.(b)
|
|
773,771
|
80,851,332
|
|
DTE Energy Co.
|
|
626,669
|
85,634,319
|
|
Duke Energy Corp.
|
|
759,869
|
89,451,779
|
|
Evergy, Inc.(b)
|
|
1,475,553
|
97,991,475
|
|
Exelon Corp.
|
|
1,827,322
|
80,073,250
|
|
FirstEnergy Corp.(b)
|
|
1,882,085
|
78,934,645
|
|
NiSource, Inc.
|
|
2,173,919
|
85,956,757
|
|
Pinnacle West Capital Corp.(b)
|
|
982,187
|
89,604,920
|
|
PPL Corp.
|
|
2,552,640
|
88,704,240
|
|
Public Service Enterprise Group, Inc.
|
|
914,611
|
74,110,930
|
|
Southern Co. (The)(b)
|
|
965,054
|
86,854,860
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
WEC Energy Group, Inc.(b)
|
|
860,598
|
$92,462,649
|
|
Xcel Energy, Inc.
|
|
1,153,793
|
80,880,889
|
|
|
|
|
1,623,991,470
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.95%
(Cost $7,570,588,125)
|
8,038,299,139
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-4.07%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
90,848,752
|
90,848,752
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
236,408,022
|
$236,455,304
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $327,304,056)
|
327,304,056
|
||
|
TOTAL INVESTMENTS IN SECURITIES-104.02%
(Cost $7,897,892,181)
|
8,365,603,195
|
||
|
OTHER ASSETS LESS LIABILITIES-(4.02)%
|
(323,350,369
)
|
||
|
NET ASSETS-100.00%
|
$8,042,252,826
|
||
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
Non-income producing security.
|
|
(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 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
|
$-
|
$100,366,604
|
$(100,366,604
)
|
$-
|
$-
|
$-
|
$137,876
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
40,111,345
|
929,871,777
|
(879,134,370
)
|
-
|
-
|
90,848,752
|
2,077,878
*
|
|
Invesco Private Prime
Fund
|
104,439,658
|
2,285,392,507
|
(2,153,340,228
)
|
(2,961
)
|
(33,672
)
|
236,455,304
|
5,600,429
*
|
|
Total
|
$144,551,003
|
$3,315,630,888
|
$(3,132,841,202
)
|
$(2,961
)
|
$(33,672
)
|
$327,304,056
|
$7,816,183
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.96%
|
|||
|
Communication Services-7.27%
|
|||
|
Alphabet, Inc., Class C
|
|
121
|
$20,915
|
|
AT&T, Inc.
|
|
526
|
14,623
|
|
Meta Platforms, Inc., Class A
|
|
104
|
67,339
|
|
T-Mobile US, Inc.
|
|
437
|
105,841
|
|
Verizon Communications, Inc.
|
|
1,553
|
68,270
|
|
|
|
|
276,988
|
|
Consumer Discretionary-4.52%
|
|||
|
Amazon.com, Inc.(b)
|
|
553
|
113,371
|
|
Home Depot, Inc. (The)
|
|
159
|
58,558
|
|
|
|
|
171,929
|
|
Consumer Staples-13.23%
|
|||
|
Archer-Daniels-Midland Co.
|
|
179
|
8,640
|
|
Coca-Cola Co. (The)
|
|
34
|
2,451
|
|
Conagra Brands, Inc.
|
|
356
|
8,149
|
|
General Mills, Inc.
|
|
827
|
44,873
|
|
Hershey Co. (The)
|
|
221
|
35,513
|
|
Hormel Foods Corp.(c)
|
|
421
|
12,916
|
|
J.M. Smucker Co. (The)
|
|
158
|
17,792
|
|
Kraft Heinz Co. (The)
|
|
329
|
8,794
|
|
McCormick & Co., Inc.
|
|
375
|
27,274
|
|
Mondelez International, Inc., Class A(c)
|
|
1,720
|
116,083
|
|
Monster Beverage Corp.(b)
|
|
13
|
831
|
|
Philip Morris International, Inc.
|
|
464
|
83,794
|
|
Procter & Gamble Co. (The)
|
|
664
|
112,807
|
|
Tyson Foods, Inc., Class A
|
|
428
|
24,037
|
|
|
|
|
503,954
|
|
Energy-1.04%
|
|||
|
Exxon Mobil Corp.
|
|
386
|
39,488
|
|
Financials-20.64%
|
|||
|
American International Group, Inc.
|
|
237
|
20,060
|
|
Aon PLC, Class A
|
|
205
|
76,276
|
|
Arch Capital Group Ltd.
|
|
128
|
12,165
|
|
Arthur J. Gallagher & Co.
|
|
242
|
84,080
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
226
|
113,895
|
|
Brown & Brown, Inc.
|
|
164
|
18,515
|
|
Chubb Ltd.
|
|
394
|
117,097
|
|
Erie Indemnity Co., Class A(c)
|
|
19
|
6,812
|
|
Marsh & McLennan Cos., Inc.
|
|
486
|
113,559
|
|
Progressive Corp. (The)
|
|
403
|
114,827
|
|
Travelers Cos., Inc. (The)
|
|
271
|
74,715
|
|
W.R. Berkley Corp.(c)
|
|
454
|
33,909
|
|
|
|
|
785,910
|
|
Health Care-16.89%
|
|||
|
Abbott Laboratories
|
|
859
|
114,745
|
|
AbbVie, Inc.
|
|
478
|
88,961
|
|
Cooper Cos., Inc. (The)(b)
|
|
315
|
21,508
|
|
Eli Lilly and Co.
|
|
90
|
66,390
|
|
IDEXX Laboratories, Inc.(b)
|
|
128
|
65,710
|
|
Intuitive Surgical, Inc.(b)
|
|
11
|
6,076
|
|
IQVIA Holdings, Inc.(b)
|
|
44
|
6,175
|
|
Johnson & Johnson
|
|
75
|
11,641
|
|
Merck & Co., Inc.
|
|
643
|
49,408
|
|
Pfizer, Inc.
|
|
463
|
10,876
|
|
Regeneron Pharmaceuticals, Inc.
|
|
44
|
21,572
|
|
Stryker Corp.
|
|
59
|
22,576
|
|
Vertex Pharmaceuticals, Inc.(b)
|
|
205
|
90,620
|
|
Zoetis, Inc.
|
|
397
|
66,946
|
|
|
|
|
643,204
|
|
|
Shares
|
Value
|
|
|
Industrials-2.29%
|
|||
|
Boeing Co. (The)(b)
|
|
97
|
$20,110
|
|
GE Vernova, Inc.
|
|
77
|
36,419
|
|
TransDigm Group, Inc.
|
|
3
|
4,405
|
|
Verisk Analytics, Inc.
|
|
83
|
26,074
|
|
|
|
|
87,008
|
|
Information Technology-24.34%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
35
|
11,089
|
|
Adobe, Inc.(b)
|
|
144
|
59,773
|
|
Apple, Inc.
|
|
505
|
101,429
|
|
Broadcom, Inc.
|
|
469
|
113,531
|
|
Cisco Systems, Inc.
|
|
966
|
60,897
|
|
Intuit, Inc.
|
|
42
|
31,646
|
|
Microsoft Corp.
|
|
292
|
134,425
|
|
NVIDIA Corp.
|
|
689
|
93,104
|
|
Oracle Corp.
|
|
472
|
78,130
|
|
QUALCOMM, Inc.
|
|
638
|
92,637
|
|
Salesforce, Inc.
|
|
326
|
86,511
|
|
ServiceNow, Inc.(b)
|
|
63
|
63,699
|
|
|
|
|
926,871
|
|
Real Estate-0.01%
|
|||
|
American Tower Corp.
|
|
2
|
429
|
|
Utilities-9.73%
|
|||
|
Ameren Corp.
|
|
56
|
5,425
|
|
American Electric Power Co., Inc.(c)
|
|
421
|
43,569
|
|
Consolidated Edison, Inc.
|
|
394
|
41,169
|
|
Dominion Energy, Inc.
|
|
261
|
14,791
|
|
Duke Energy Corp.
|
|
702
|
82,640
|
|
NextEra Energy, Inc.
|
|
1,109
|
78,340
|
|
Public Service Enterprise Group, Inc.
|
|
68
|
5,510
|
|
Sempra
|
|
109
|
8,566
|
|
Southern Co. (The)
|
|
491
|
44,190
|
|
Xcel Energy, Inc.
|
|
662
|
46,406
|
|
|
|
|
370,606
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.96%
(Cost $3,631,633)
|
3,806,387
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-5.28%
|
|||
|
Invesco Private Government Fund, 4.29%(d)(e)(f)
|
|
55,584
|
55,584
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
145,598
|
145,627
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $201,211)
|
201,211
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.24%
(Cost $3,832,844)
|
4,007,598
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.24)%
|
(199,453
)
|
||
|
NET ASSETS-100.00%
|
$3,808,145
|
||
|
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)
|
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
|
Realized
Gain
(Loss)
|
Value
May 31, 2025
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$1,778
|
$261,446
|
$(263,224
)
|
$-
|
$-
|
$-
|
$148
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
58,373
|
4,700,383
|
(4,703,172
)
|
-
|
-
|
55,584
|
3,290
*
|
|
Invesco Private Prime Fund
|
151,391
|
8,057,878
|
(8,063,559
)
|
-
|
(83
)
|
145,627
|
8,250
*
|
|
Total
|
$211,542
|
$13,019,707
|
$(13,029,955
)
|
$-
|
$(83
)
|
$201,211
|
$11,688
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.84%
|
|||
|
Communication Services-14.33%
|
|||
|
AT&T, Inc.
|
|
3,423,561
|
$95,174,996
|
|
Fox Corp., Class A
|
|
140,721
|
7,731,212
|
|
Fox Corp., Class B
|
|
91,176
|
4,584,329
|
|
Live Nation Entertainment, Inc.(b)(c)
|
|
84,062
|
11,532,466
|
|
Meta Platforms, Inc., Class A
|
|
1,027,058
|
665,009,784
|
|
Netflix, Inc.(b)
|
|
240,624
|
290,488,511
|
|
T-Mobile US, Inc.
|
|
265,258
|
64,245,488
|
|
|
|
|
1,138,766,786
|
|
Consumer Discretionary-15.90%
|
|||
|
Amazon.com, Inc.(b)
|
|
3,234,461
|
663,096,850
|
|
eBay, Inc.
|
|
266,586
|
19,506,098
|
|
Garmin Ltd.
|
|
84,875
|
17,227,079
|
|
Hilton Worldwide Holdings, Inc.
|
|
103,926
|
25,819,375
|
|
Ralph Lauren Corp.
|
|
21,398
|
5,923,180
|
|
Royal Caribbean Cruises Ltd.
|
|
171,013
|
43,945,211
|
|
Tapestry, Inc.
|
|
125,824
|
9,883,475
|
|
Tesla, Inc.(b)
|
|
1,194,342
|
413,791,729
|
|
TJX Cos., Inc. (The)
|
|
511,465
|
64,904,908
|
|
|
|
|
1,264,097,905
|
|
Consumer Staples-10.31%
|
|||
|
Altria Group, Inc.
|
|
876,468
|
53,122,725
|
|
Costco Wholesale Corp.
|
|
221,564
|
230,466,442
|
|
Philip Morris International, Inc.
|
|
858,595
|
155,053,671
|
|
Walmart, Inc.
|
|
3,854,611
|
380,527,198
|
|
|
|
|
819,170,036
|
|
Energy-2.26%
|
|||
|
Baker Hughes Co., Class A
|
|
541,360
|
20,057,388
|
|
Kinder Morgan, Inc.(c)
|
|
1,364,042
|
38,247,738
|
|
ONEOK, Inc.
|
|
310,263
|
25,081,661
|
|
Targa Resources Corp.
|
|
194,351
|
30,693,854
|
|
Texas Pacific Land Corp.(c)
|
|
14,840
|
16,532,205
|
|
Williams Cos., Inc. (The)
|
|
814,936
|
49,311,777
|
|
|
|
|
179,924,623
|
|
Financials-19.66%
|
|||
|
American Express Co.
|
|
316,375
|
93,030,069
|
|
Ameriprise Financial, Inc.(c)
|
|
43,554
|
22,179,439
|
|
Apollo Global Management, Inc.(c)
|
|
228,106
|
29,811,173
|
|
Arthur J. Gallagher & Co.
|
|
105,599
|
36,689,317
|
|
Bank of America Corp.
|
|
2,737,987
|
120,827,366
|
|
Bank of New York Mellon Corp. (The)(c)
|
|
483,372
|
42,831,593
|
|
BlackRock, Inc.
|
|
73,922
|
72,435,429
|
|
Brown & Brown, Inc.
|
|
112,538
|
12,705,540
|
|
Capital One Financial Corp.
|
|
157,708
|
29,830,468
|
|
Citigroup, Inc.
|
|
828,609
|
62,410,830
|
|
Fiserv, Inc.(b)
|
|
360,985
|
58,764,748
|
|
Goldman Sachs Group, Inc. (The)
|
|
186,402
|
111,925,081
|
|
Intercontinental Exchange, Inc.
|
|
220,396
|
39,627,201
|
|
JPMorgan Chase & Co.
|
|
1,518,209
|
400,807,176
|
|
KKR & Co., Inc., Class A
|
|
428,444
|
52,038,808
|
|
M&T Bank Corp.
|
|
73,257
|
13,379,658
|
|
Morgan Stanley
|
|
671,190
|
85,932,456
|
|
Nasdaq, Inc.
|
|
224,287
|
18,736,936
|
|
Northern Trust Corp.(c)
|
|
88,765
|
9,474,776
|
|
Progressive Corp. (The)
|
|
270,618
|
77,107,187
|
|
Raymond James Financial, Inc.
|
|
95,377
|
14,018,511
|
|
State Street Corp.
|
|
129,804
|
12,497,529
|
|
Synchrony Financial
|
|
204,558
|
11,792,769
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Wells Fargo & Co.
|
|
1,591,353
|
$119,001,377
|
|
Willis Towers Watson PLC
|
|
45,615
|
14,439,428
|
|
|
|
|
1,562,294,865
|
|
Health Care-2.68%
|
|||
|
Boston Scientific Corp.(b)
|
|
1,152,265
|
121,287,414
|
|
DaVita, Inc.(b)(c)
|
|
21,832
|
2,974,828
|
|
Intuitive Surgical, Inc.(b)
|
|
161,170
|
89,020,638
|
|
|
|
|
213,282,880
|
|
Industrials-9.41%
|
|||
|
3M Co.
|
|
374,381
|
55,539,421
|
|
Axon Enterprise, Inc.(b)
|
|
55,329
|
41,516,668
|
|
Cummins, Inc.
|
|
67,473
|
21,691,220
|
|
Delta Air Lines, Inc.
|
|
336,695
|
16,292,671
|
|
Dover Corp.
|
|
58,314
|
10,365,314
|
|
GE Vernova, Inc.
|
|
164,374
|
77,745,615
|
|
General Electric Co.
|
|
707,354
|
173,945,422
|
|
Howmet Aerospace, Inc.
|
|
317,605
|
53,957,913
|
|
Johnson Controls International PLC
|
|
317,099
|
32,144,326
|
|
Parker-Hannifin Corp.
|
|
60,242
|
40,042,857
|
|
Pentair PLC
|
|
68,234
|
6,767,448
|
|
Republic Services, Inc.
|
|
88,979
|
22,893,407
|
|
RTX Corp.
|
|
738,818
|
100,833,881
|
|
Trane Technologies PLC
|
|
96,455
|
41,501,693
|
|
United Airlines Holdings, Inc.(b)
|
|
257,827
|
20,483,066
|
|
Veralto Corp.
|
|
107,241
|
10,834,558
|
|
Wabtec Corp.
|
|
105,999
|
21,445,718
|
|
|
|
|
748,001,198
|
|
Information Technology-21.11%
|
|||
|
Arista Networks, Inc.(b)
|
|
406,341
|
35,205,384
|
|
Broadcom, Inc.
|
|
1,781,688
|
431,293,214
|
|
Corning, Inc.
|
|
400,192
|
19,845,521
|
|
F5, Inc.(b)
|
|
29,000
|
8,276,020
|
|
Fair Isaac Corp.(b)
|
|
9,737
|
16,808,789
|
|
GoDaddy, Inc., Class A(b)
|
|
126,163
|
22,980,591
|
|
International Business Machines Corp.
|
|
387,438
|
100,369,688
|
|
Motorola Solutions, Inc.
|
|
103,562
|
43,017,584
|
|
NVIDIA Corp.
|
|
5,496,409
|
742,729,748
|
|
Palantir Technologies, Inc., Class A(b)
|
|
1,820,560
|
239,913,397
|
|
Tyler Technologies, Inc.(b)
|
|
17,376
|
10,025,778
|
|
Zebra Technologies Corp., Class A(b)
|
|
24,599
|
7,128,052
|
|
|
|
|
1,677,593,766
|
|
Materials-0.22%
|
|||
|
International Paper Co.
|
|
240,638
|
11,504,903
|
|
Packaging Corp. of America
|
|
32,129
|
6,206,359
|
|
|
|
|
17,711,262
|
|
Real Estate-1.25%
|
|||
|
CBRE Group, Inc., Class A(b)
|
|
160,432
|
20,057,208
|
|
Iron Mountain, Inc.
|
|
129,863
|
12,818,777
|
|
Welltower, Inc.
|
|
430,043
|
66,347,034
|
|
|
|
|
99,223,019
|
|
Utilities-2.71%
|
|||
|
Ameren Corp.
|
|
138,617
|
13,429,215
|
|
Atmos Energy Corp.
|
|
67,874
|
10,498,750
|
|
Constellation Energy Corp.
|
|
163,911
|
50,181,353
|
|
Entergy Corp.(c)
|
|
269,950
|
22,481,436
|
|
Evergy, Inc.
|
|
108,015
|
7,173,276
|
|
NiSource, Inc.
|
|
310,494
|
12,276,933
|
|
NRG Energy, Inc.
|
|
110,895
|
17,288,530
|
|
PPL Corp.
|
|
339,171
|
11,786,192
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Public Service Enterprise Group, Inc.
|
|
266,687
|
$21,609,648
|
|
Vistra Corp.
|
|
302,161
|
48,517,992
|
|
|
|
|
215,243,325
|
|
Total Common Stocks & Other Equity Interests
(Cost $7,176,404,352)
|
7,935,309,665
|
||
|
Money Market Funds-0.12%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $9,740,059)
|
|
9,740,059
|
9,740,059
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.96%
(Cost $7,186,144,411)
|
7,945,049,724
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.34%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
28,937,989
|
$28,937,989
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
77,694,060
|
77,709,599
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $106,647,588)
|
106,647,588
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.30%
(Cost $7,292,791,999)
|
8,051,697,312
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.30)%
|
(103,391,892
)
|
||
|
NET ASSETS-100.00%
|
$7,948,305,420
|
||
|
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)
|
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
|
$1,656,178
|
$76,548,137
|
$(68,464,256
)
|
$-
|
$-
|
$9,740,059
|
$86,017
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
943,439
|
405,235,965
|
(377,241,415
)
|
-
|
-
|
28,937,989
|
463,244
*
|
|
Invesco Private Prime
Fund
|
2,461,876
|
968,542,727
|
(893,284,093
)
|
(225
)
|
(10,686
)
|
77,709,599
|
1,274,139
*
|
|
Total
|
$5,061,493
|
$1,450,326,829
|
$(1,338,989,764
)
|
$(225
)
|
$(10,686
)
|
$116,387,647
|
$1,823,400
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.86%
|
|||
|
Communication Services-11.26%
|
|||
|
Alphabet, Inc., Class C
|
|
292,635
|
$50,581,960
|
|
AT&T, Inc.
|
|
207,786
|
5,776,451
|
|
Charter Communications, Inc., Class A(b)
|
|
2,732
|
1,082,610
|
|
Comcast Corp., Class A
|
|
105,755
|
3,655,950
|
|
Electronic Arts, Inc.
|
|
6,153
|
884,678
|
|
Fox Corp., Class A
|
|
10,324
|
567,200
|
|
Interpublic Group of Cos., Inc. (The)
|
|
10,525
|
252,179
|
|
Live Nation Entertainment, Inc.(b)
|
|
4,969
|
681,697
|
|
Meta Platforms, Inc., Class A
|
|
64,096
|
41,501,519
|
|
Netflix, Inc.(b)
|
|
12,404
|
14,974,481
|
|
News Corp., Class A
|
|
14,676
|
414,450
|
|
Omnicom Group, Inc.
|
|
5,484
|
402,745
|
|
Paramount Global, Class B
|
|
15,861
|
191,918
|
|
Take-Two Interactive Software, Inc.(b)
|
|
4,584
|
1,037,267
|
|
T-Mobile US, Inc.
|
|
13,984
|
3,386,925
|
|
Verizon Communications, Inc.
|
|
115,760
|
5,088,810
|
|
Walt Disney Co. (The)
|
|
56,703
|
6,409,707
|
|
Warner Bros. Discovery, Inc.(b)
|
|
66,714
|
665,139
|
|
|
|
|
137,555,686
|
|
Consumer Discretionary-10.95%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
12,906
|
1,664,874
|
|
Amazon.com, Inc.(b)
|
|
272,223
|
55,808,437
|
|
Aptiv PLC (Jersey)(b)
|
|
6,522
|
435,735
|
|
Best Buy Co., Inc.
|
|
6,570
|
435,460
|
|
Booking Holdings, Inc.
|
|
1,023
|
5,645,865
|
|
CarMax, Inc.(b)(c)
|
|
4,816
|
310,439
|
|
Carnival Corp.(b)
|
|
34,640
|
804,341
|
|
Chipotle Mexican Grill, Inc.(b)
|
|
39,925
|
1,999,444
|
|
D.R. Horton, Inc.
|
|
7,809
|
921,931
|
|
Darden Restaurants, Inc.
|
|
3,373
|
722,530
|
|
Deckers Outdoor Corp.(b)
|
|
4,733
|
499,426
|
|
eBay, Inc.
|
|
12,940
|
946,820
|
|
Expedia Group, Inc.
|
|
4,066
|
678,005
|
|
Ford Motor Co.(c)
|
|
105,626
|
1,096,398
|
|
Garmin Ltd.
|
|
4,431
|
899,360
|
|
General Motors Co.
|
|
30,647
|
1,520,398
|
|
Genuine Parts Co.
|
|
3,890
|
492,163
|
|
Hasbro, Inc.(c)
|
|
3,749
|
250,096
|
|
Home Depot, Inc. (The)
|
|
29,515
|
10,870,079
|
|
Las Vegas Sands Corp.
|
|
9,880
|
406,661
|
|
Lennar Corp., Class A
|
|
6,526
|
692,278
|
|
LKQ Corp.(c)
|
|
7,006
|
283,533
|
|
lululemon athletica, inc.(b)
|
|
3,545
|
1,122,595
|
|
MGM Resorts International(b)(c)
|
|
6,897
|
218,290
|
|
Mohawk Industries, Inc.(b)
|
|
1,476
|
148,500
|
|
NIKE, Inc., Class B
|
|
34,925
|
2,116,106
|
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
14,278
|
252,007
|
|
NVR, Inc.(b)
|
|
82
|
583,506
|
|
Pool Corp.(c)
|
|
1,078
|
324,036
|
|
PulteGroup, Inc.
|
|
5,559
|
544,949
|
|
Ralph Lauren Corp.
|
|
1,316
|
364,282
|
|
Ross Stores, Inc.
|
|
9,997
|
1,400,480
|
|
Royal Caribbean Cruises Ltd.
|
|
7,976
|
2,049,593
|
|
Tapestry, Inc.
|
|
7,546
|
592,738
|
|
Tesla, Inc.(b)
|
|
89,931
|
31,157,494
|
|
TJX Cos., Inc. (The)
|
|
33,149
|
4,206,608
|
|
Tractor Supply Co.(c)
|
|
15,345
|
742,698
|
|
Ulta Beauty, Inc.(b)
|
|
1,424
|
671,359
|
|
|
|
|
133,879,514
|
|
|
Shares
|
Value
|
|
|
Consumer Staples-6.84%
|
|||
|
Altria Group, Inc.
|
|
44,500
|
$2,697,145
|
|
Archer-Daniels-Midland Co.
|
|
13,027
|
628,813
|
|
Brown-Forman Corp., Class B(c)
|
|
4,792
|
159,765
|
|
Bunge Global S.A.
|
|
3,851
|
300,956
|
|
Church & Dwight Co., Inc.
|
|
6,791
|
667,623
|
|
Coca-Cola Co. (The)
|
|
107,974
|
7,784,925
|
|
Colgate-Palmolive Co.
|
|
22,287
|
2,071,354
|
|
Conagra Brands, Inc.
|
|
12,783
|
292,603
|
|
Costco Wholesale Corp.
|
|
13,642
|
14,190,136
|
|
Dollar General Corp.(c)
|
|
5,920
|
575,720
|
|
Dollar Tree, Inc.(b)(c)
|
|
6,461
|
583,170
|
|
General Mills, Inc.
|
|
15,235
|
826,651
|
|
Hershey Co. (The)(c)
|
|
4,057
|
651,919
|
|
Hormel Foods Corp.
|
|
7,738
|
237,402
|
|
J.M. Smucker Co. (The)
|
|
2,878
|
324,092
|
|
Kellanova
|
|
7,362
|
608,322
|
|
Kenvue, Inc.
|
|
53,294
|
1,272,128
|
|
Keurig Dr Pepper, Inc.
|
|
33,144
|
1,115,959
|
|
Kimberly-Clark Corp.
|
|
9,193
|
1,321,586
|
|
Kraft Heinz Co. (The)
|
|
24,311
|
649,833
|
|
Kroger Co. (The)
|
|
18,040
|
1,230,869
|
|
McCormick & Co., Inc.
|
|
6,942
|
504,892
|
|
Molson Coors Beverage Co., Class B
|
|
4,899
|
262,538
|
|
Mondelez International, Inc., Class A
|
|
35,915
|
2,423,903
|
|
Monster Beverage Corp.(b)
|
|
19,113
|
1,222,276
|
|
PepsiCo, Inc.
|
|
38,614
|
5,075,810
|
|
Philip Morris International, Inc.
|
|
43,685
|
7,889,074
|
|
Procter & Gamble Co. (The)
|
|
66,470
|
11,292,588
|
|
Sysco Corp.
|
|
13,694
|
999,662
|
|
Target Corp.
|
|
14,498
|
1,362,957
|
|
The Campbell’s Company(c)
|
|
5,543
|
188,684
|
|
Tyson Foods, Inc., Class A
|
|
7,921
|
444,843
|
|
Walgreens Boots Alliance, Inc.(c)
|
|
18,597
|
209,216
|
|
Walmart, Inc.
|
|
136,814
|
13,506,278
|
|
|
|
|
83,573,692
|
|
Energy-3.43%
|
|||
|
APA Corp.(c)
|
|
10,589
|
180,119
|
|
Baker Hughes Co., Class A
|
|
28,223
|
1,045,662
|
|
Chevron Corp.
|
|
47,186
|
6,450,326
|
|
ConocoPhillips
|
|
35,653
|
3,042,984
|
|
Coterra Energy, Inc.
|
|
19,838
|
482,262
|
|
Devon Energy Corp.
|
|
18,607
|
563,048
|
|
Diamondback Energy, Inc.
|
|
5,508
|
741,101
|
|
EOG Resources, Inc.
|
|
15,611
|
1,694,886
|
|
EQT Corp.
|
|
15,956
|
879,654
|
|
Exxon Mobil Corp.
|
|
122,446
|
12,526,226
|
|
Halliburton Co.
|
|
25,474
|
499,036
|
|
Hess Corp.
|
|
7,766
|
1,026,587
|
|
Kinder Morgan, Inc.
|
|
53,671
|
1,504,935
|
|
Marathon Petroleum Corp.
|
|
9,566
|
1,537,639
|
|
Occidental Petroleum Corp.
|
|
19,450
|
793,171
|
|
ONEOK, Inc.
|
|
18,205
|
1,471,692
|
|
Phillips 66
|
|
11,740
|
1,332,255
|
|
Schlumberger N.V.
|
|
39,915
|
1,319,191
|
|
Targa Resources Corp.
|
|
6,390
|
1,009,173
|
|
Texas Pacific Land Corp.(c)
|
|
545
|
607,146
|
|
Valero Energy Corp.
|
|
8,985
|
1,158,795
|
|
Williams Cos., Inc. (The)
|
|
34,231
|
2,071,318
|
|
|
|
|
41,937,206
|
|
Financials-17.22%
|
|||
|
Aflac, Inc.
|
|
14,205
|
1,470,786
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Allstate Corp. (The)
|
|
7,166
|
$1,503,928
|
|
American Express Co.
|
|
17,454
|
5,132,349
|
|
American International Group, Inc.
|
|
17,510
|
1,482,046
|
|
Ameriprise Financial, Inc.
|
|
2,947
|
1,500,730
|
|
Aon PLC, Class A
|
|
6,045
|
2,249,224
|
|
Apollo Global Management, Inc.
|
|
13,437
|
1,756,082
|
|
Arch Capital Group Ltd.
|
|
10,610
|
1,008,374
|
|
Arthur J. Gallagher & Co.
|
|
7,052
|
2,450,147
|
|
Assurant, Inc.
|
|
1,437
|
291,682
|
|
Bank of America Corp.
|
|
209,757
|
9,256,576
|
|
Bank of New York Mellon Corp. (The)(c)
|
|
21,760
|
1,928,154
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
51,784
|
26,097,065
|
|
BlackRock, Inc.
|
|
4,250
|
4,164,532
|
|
Blackstone, Inc., Class A
|
|
22,497
|
3,121,684
|
|
Brown & Brown, Inc.
|
|
6,517
|
735,769
|
|
Capital One Financial Corp.
|
|
12,195
|
2,306,684
|
|
Cboe Global Markets, Inc.
|
|
2,876
|
658,949
|
|
Charles Schwab Corp. (The)
|
|
49,628
|
4,384,138
|
|
Chubb Ltd.
|
|
10,186
|
3,027,279
|
|
Cincinnati Financial Corp.
|
|
4,484
|
676,277
|
|
Citigroup, Inc.
|
|
60,470
|
4,554,600
|
|
Citizens Financial Group, Inc.
|
|
13,542
|
546,420
|
|
CME Group, Inc., Class A
|
|
9,629
|
2,782,781
|
|
Corpay, Inc.(b)
|
|
2,082
|
676,879
|
|
Erie Indemnity Co., Class A(c)
|
|
692
|
248,089
|
|
Everest Group Ltd.
|
|
1,187
|
412,116
|
|
FactSet Research Systems, Inc.
|
|
1,110
|
508,669
|
|
Fidelity National Information Services, Inc.
|
|
15,274
|
1,215,963
|
|
Fifth Third Bancorp
|
|
20,555
|
784,995
|
|
Fiserv, Inc.(b)
|
|
17,243
|
2,806,988
|
|
Franklin Resources, Inc.(c)
|
|
8,851
|
191,536
|
|
Global Payments, Inc.
|
|
7,836
|
592,480
|
|
Globe Life, Inc.
|
|
2,374
|
289,319
|
|
Goldman Sachs Group, Inc. (The)
|
|
9,908
|
5,949,259
|
|
Hartford Insurance Group, Inc. (The)
|
|
8,049
|
1,045,082
|
|
Huntington Bancshares, Inc.
|
|
44,687
|
698,458
|
|
Intercontinental Exchange, Inc.
|
|
15,991
|
2,875,182
|
|
Invesco Ltd.(d)
|
|
13,927
|
201,384
|
|
Jack Henry & Associates, Inc.
|
|
1,988
|
360,166
|
|
JPMorgan Chase & Co.
|
|
89,054
|
23,510,256
|
|
KeyCorp
|
|
30,137
|
477,973
|
|
KKR & Co., Inc., Class A
|
|
21,746
|
2,641,269
|
|
Loews Corp.
|
|
5,067
|
452,432
|
|
M&T Bank Corp.
|
|
5,023
|
917,401
|
|
MarketAxess Holdings, Inc.
|
|
953
|
206,239
|
|
Marsh & McLennan Cos., Inc.
|
|
13,821
|
3,229,415
|
|
Mastercard, Inc., Class A
|
|
24,508
|
14,351,885
|
|
MetLife, Inc.
|
|
17,204
|
1,351,890
|
|
Moody’s Corp.
|
|
4,827
|
2,313,678
|
|
Morgan Stanley
|
|
39,358
|
5,039,005
|
|
Nasdaq, Inc.
|
|
12,754
|
1,065,469
|
|
Northern Trust Corp.
|
|
6,045
|
645,243
|
|
PayPal Holdings, Inc.(b)
|
|
28,206
|
1,982,318
|
|
PNC Financial Services Group, Inc. (The)
|
|
12,099
|
2,102,927
|
|
Principal Financial Group, Inc.
|
|
6,207
|
483,463
|
|
Progressive Corp. (The)
|
|
16,179
|
4,609,882
|
|
Prudential Financial, Inc.
|
|
10,495
|
1,090,326
|
|
Raymond James Financial, Inc.
|
|
5,446
|
800,453
|
|
Regions Financial Corp.
|
|
27,805
|
596,139
|
|
S&P Global, Inc.
|
|
9,629
|
4,938,329
|
|
State Street Corp.
|
|
9,216
|
887,316
|
|
Synchrony Financial
|
|
11,974
|
690,301
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
T. Rowe Price Group, Inc.
|
|
6,843
|
$640,436
|
|
Travelers Cos., Inc. (The)
|
|
6,341
|
1,748,214
|
|
Truist Financial Corp.
|
|
41,967
|
1,657,697
|
|
U.S. Bancorp
|
|
47,699
|
2,079,199
|
|
Visa, Inc., Class A
|
|
51,251
|
18,716,353
|
|
W.R. Berkley Corp.
|
|
8,384
|
626,201
|
|
Wells Fargo & Co.
|
|
102,797
|
7,687,160
|
|
Willis Towers Watson PLC
|
|
2,895
|
916,412
|
|
|
|
|
210,398,102
|
|
Health Care-7.83%
|
|||
|
Abbott Laboratories
|
|
49,925
|
6,668,981
|
|
Agilent Technologies, Inc.
|
|
8,334
|
932,741
|
|
Align Technology, Inc.(b)(c)
|
|
2,167
|
392,097
|
|
Baxter International, Inc.
|
|
13,915
|
424,408
|
|
Becton, Dickinson and Co.
|
|
7,913
|
1,365,705
|
|
Biogen, Inc.(b)
|
|
3,970
|
515,266
|
|
Bio-Techne Corp.
|
|
4,425
|
214,170
|
|
Boston Scientific Corp.(b)
|
|
43,111
|
4,537,864
|
|
Cardinal Health, Inc.
|
|
6,715
|
1,037,065
|
|
Cencora, Inc.
|
|
4,708
|
1,371,158
|
|
Centene Corp.(b)
|
|
13,653
|
770,575
|
|
Charles River Laboratories International,
Inc.(b)
|
|
1,347
|
182,694
|
|
Cigna Group (The)
|
|
7,506
|
2,376,700
|
|
Cooper Cos., Inc. (The)(b)
|
|
6,186
|
422,380
|
|
CVS Health Corp.
|
|
34,661
|
2,219,690
|
|
Danaher Corp.
|
|
17,705
|
3,362,180
|
|
DaVita, Inc.(b)(c)
|
|
1,271
|
173,186
|
|
Edwards Lifesciences Corp.(b)
|
|
16,754
|
1,310,498
|
|
Elevance Health, Inc.
|
|
6,086
|
2,336,050
|
|
GE HealthCare Technologies, Inc.
|
|
12,944
|
913,070
|
|
Gilead Sciences, Inc.
|
|
33,990
|
3,741,619
|
|
HCA Healthcare, Inc.
|
|
4,852
|
1,850,504
|
|
Henry Schein, Inc.(b)(c)
|
|
3,496
|
244,685
|
|
Hologic, Inc.(b)
|
|
6,547
|
407,027
|
|
Humana, Inc.
|
|
3,552
|
828,078
|
|
IDEXX Laboratories, Inc.(b)
|
|
2,357
|
1,209,990
|
|
Incyte Corp.(b)
|
|
4,716
|
306,823
|
|
Insulet Corp.(b)
|
|
2,089
|
678,988
|
|
Intuitive Surgical, Inc.(b)
|
|
11,155
|
6,161,353
|
|
IQVIA Holdings, Inc.(b)
|
|
4,771
|
669,514
|
|
Johnson & Johnson
|
|
66,670
|
10,347,851
|
|
Labcorp Holdings, Inc.
|
|
2,407
|
599,271
|
|
McKesson Corp.
|
|
3,436
|
2,472,236
|
|
Medtronic PLC
|
|
35,042
|
2,907,785
|
|
Merck & Co., Inc.
|
|
67,928
|
5,219,588
|
|
Moderna, Inc.(b)(c)
|
|
8,139
|
216,172
|
|
Molina Healthcare, Inc.(b)
|
|
1,485
|
452,984
|
|
Pfizer, Inc.
|
|
158,301
|
3,718,490
|
|
Quest Diagnostics, Inc.(c)
|
|
3,153
|
546,541
|
|
ResMed, Inc.(c)
|
|
4,230
|
1,035,462
|
|
Revvity, Inc.(c)
|
|
3,327
|
300,827
|
|
Solventum Corp.(b)
|
|
4,048
|
295,868
|
|
STERIS PLC
|
|
2,621
|
642,695
|
|
Stryker Corp.
|
|
9,895
|
3,786,223
|
|
Thermo Fisher Scientific, Inc.
|
|
10,723
|
4,319,439
|
|
UnitedHealth Group, Inc.
|
|
24,878
|
7,510,917
|
|
Universal Health Services, Inc., Class B
|
|
1,677
|
319,217
|
|
Viatris, Inc.
|
|
32,397
|
284,770
|
|
West Pharmaceutical Services, Inc.(c)
|
|
2,039
|
429,923
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Zimmer Biomet Holdings, Inc.
|
|
5,426
|
$500,114
|
|
Zoetis, Inc.
|
|
12,681
|
2,138,397
|
|
|
|
|
95,669,829
|
|
Industrials-9.59%
|
|||
|
3M Co.
|
|
15,279
|
2,266,640
|
|
A.O. Smith Corp.
|
|
3,279
|
210,872
|
|
Allegion PLC
|
|
2,455
|
350,329
|
|
AMETEK, Inc.
|
|
6,716
|
1,200,418
|
|
Automatic Data Processing, Inc.
|
|
11,862
|
3,861,437
|
|
Axon Enterprise, Inc.(b)
|
|
1,866
|
1,400,172
|
|
Broadridge Financial Solutions, Inc.
|
|
3,404
|
826,593
|
|
Builders FirstSource, Inc.(b)
|
|
3,358
|
361,589
|
|
C.H. Robinson Worldwide, Inc.
|
|
3,394
|
325,722
|
|
Carrier Global Corp.
|
|
22,455
|
1,598,796
|
|
Caterpillar, Inc.
|
|
13,345
|
4,644,460
|
|
Cintas Corp.
|
|
10,055
|
2,277,458
|
|
Copart, Inc.(b)
|
|
24,612
|
1,267,026
|
|
CSX Corp.
|
|
56,763
|
1,793,143
|
|
Cummins, Inc.
|
|
4,150
|
1,334,142
|
|
Dayforce, Inc.(b)(c)
|
|
4,981
|
294,277
|
|
Deere & Co.
|
|
7,052
|
3,570,146
|
|
Delta Air Lines, Inc.
|
|
23,120
|
1,118,777
|
|
Dover Corp.
|
|
4,078
|
724,865
|
|
Eaton Corp. PLC
|
|
10,784
|
3,453,037
|
|
Emerson Electric Co.
|
|
16,998
|
2,029,221
|
|
Equifax, Inc.
|
|
3,450
|
911,456
|
|
Expeditors International of Washington,
Inc.
|
|
3,810
|
429,501
|
|
Fastenal Co.
|
|
31,026
|
1,282,615
|
|
FedEx Corp.
|
|
6,593
|
1,437,933
|
|
Fortive Corp.
|
|
10,152
|
712,569
|
|
GE Vernova, Inc.
|
|
8,406
|
3,975,870
|
|
Generac Holdings, Inc.(b)
|
|
1,675
|
204,568
|
|
General Dynamics Corp.
|
|
6,813
|
1,897,352
|
|
General Electric Co.
|
|
31,465
|
7,737,558
|
|
Honeywell International, Inc.
|
|
18,229
|
4,131,967
|
|
Howmet Aerospace, Inc.
|
|
11,788
|
2,002,663
|
|
Hubbell, Inc.
|
|
1,618
|
630,340
|
|
Huntington Ingalls Industries, Inc.
|
|
972
|
216,814
|
|
IDEX Corp.
|
|
2,198
|
397,640
|
|
Illinois Tool Works, Inc.
|
|
7,671
|
1,880,009
|
|
Ingersoll Rand, Inc.
|
|
11,392
|
930,043
|
|
J.B. Hunt Transport Services, Inc.
|
|
2,258
|
313,523
|
|
Jacobs Solutions, Inc.
|
|
3,553
|
448,744
|
|
Johnson Controls International PLC
|
|
19,761
|
2,003,173
|
|
L3Harris Technologies, Inc.
|
|
5,083
|
1,241,980
|
|
Leidos Holdings, Inc.
|
|
3,527
|
523,830
|
|
Lennox International, Inc.
|
|
918
|
518,165
|
|
Lockheed Martin Corp.
|
|
5,594
|
2,698,434
|
|
Masco Corp.
|
|
6,197
|
386,817
|
|
Norfolk Southern Corp.
|
|
6,540
|
1,616,165
|
|
Northrop Grumman Corp.
|
|
3,616
|
1,752,928
|
|
Old Dominion Freight Line, Inc.
|
|
5,477
|
877,251
|
|
PACCAR, Inc.
|
|
14,929
|
1,401,087
|
|
Parker-Hannifin Corp.
|
|
3,812
|
2,533,836
|
|
Paychex, Inc.(c)
|
|
9,103
|
1,437,455
|
|
Paycom Software, Inc.
|
|
1,404
|
363,762
|
|
Pentair PLC
|
|
4,944
|
490,346
|
|
Quanta Services, Inc.
|
|
4,181
|
1,432,243
|
|
Republic Services, Inc.
|
|
5,684
|
1,462,436
|
|
Rockwell Automation, Inc.
|
|
3,363
|
1,061,195
|
|
Rollins, Inc.
|
|
7,908
|
452,733
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
RTX Corp.
|
|
37,976
|
$5,182,964
|
|
Snap-on, Inc.
|
|
1,494
|
479,201
|
|
Southwest Airlines Co.(c)
|
|
16,816
|
561,318
|
|
Stanley Black & Decker, Inc.
|
|
4,465
|
292,145
|
|
Textron, Inc.
|
|
5,179
|
383,401
|
|
Trane Technologies PLC
|
|
6,372
|
2,741,680
|
|
Uber Technologies, Inc.(b)
|
|
61,083
|
5,140,745
|
|
Union Pacific Corp.
|
|
17,110
|
3,792,603
|
|
United Airlines Holdings, Inc.(b)
|
|
11,572
|
919,338
|
|
United Parcel Service, Inc., Class B
|
|
20,522
|
2,001,716
|
|
United Rentals, Inc.
|
|
1,881
|
1,332,463
|
|
Veralto Corp.
|
|
7,025
|
709,736
|
|
Verisk Analytics, Inc.
|
|
3,957
|
1,243,052
|
|
W.W. Grainger, Inc.
|
|
1,271
|
1,382,289
|
|
Wabtec Corp.
|
|
4,919
|
995,212
|
|
Waste Management, Inc.
|
|
10,308
|
2,483,919
|
|
Xylem, Inc.
|
|
7,033
|
886,439
|
|
|
|
|
117,232,342
|
|
Information Technology-25.87%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
18,244
|
5,780,064
|
|
Adobe, Inc.(b)
|
|
11,960
|
4,964,476
|
|
Advanced Micro Devices, Inc.(b)
|
|
43,692
|
4,838,015
|
|
Amphenol Corp., Class A
|
|
34,727
|
3,122,999
|
|
Analog Devices, Inc.
|
|
15,020
|
3,213,980
|
|
ANSYS, Inc.(b)
|
|
2,496
|
825,727
|
|
Apple, Inc.
|
|
459,026
|
92,195,372
|
|
Applied Materials, Inc.
|
|
23,756
|
3,723,753
|
|
Arista Networks, Inc.(b)
|
|
32,549
|
2,820,045
|
|
Autodesk, Inc.(b)
|
|
6,361
|
1,883,619
|
|
CDW Corp.
|
|
3,874
|
698,715
|
|
Cisco Systems, Inc.
|
|
114,851
|
7,240,207
|
|
Cognizant Technology Solutions Corp.,
Class A
|
|
14,122
|
1,143,741
|
|
Corning, Inc.
|
|
23,130
|
1,147,017
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
7,105
|
3,349,084
|
|
Dell Technologies, Inc., Class C
|
|
9,069
|
1,009,108
|
|
Enphase Energy, Inc.(b)(c)
|
|
3,598
|
148,921
|
|
EPAM Systems, Inc.(b)
|
|
1,678
|
292,794
|
|
F5, Inc.(b)
|
|
1,733
|
494,564
|
|
First Solar, Inc.(b)
|
|
2,911
|
460,171
|
|
Fortinet, Inc.(b)
|
|
19,065
|
1,940,436
|
|
Gartner, Inc.(b)
|
|
2,271
|
991,110
|
|
Gen Digital, Inc.(c)
|
|
15,084
|
429,592
|
|
GoDaddy, Inc., Class A(b)
|
|
3,929
|
715,667
|
|
Hewlett Packard Enterprise Co.
|
|
46,326
|
800,513
|
|
HP, Inc.
|
|
28,396
|
707,060
|
|
Intel Corp.
|
|
134,481
|
2,629,104
|
|
International Business Machines Corp.
|
|
25,407
|
6,581,937
|
|
Intuit, Inc.
|
|
7,908
|
5,958,441
|
|
Jabil, Inc.
|
|
3,542
|
595,091
|
|
Juniper Networks, Inc.
|
|
9,145
|
328,580
|
|
Keysight Technologies, Inc.(b)(c)
|
|
5,017
|
787,870
|
|
KLA Corp.
|
|
3,785
|
2,864,791
|
|
Lam Research Corp.
|
|
35,031
|
2,830,154
|
|
Micron Technology, Inc.(c)
|
|
29,494
|
2,786,003
|
|
Monolithic Power Systems, Inc.(c)
|
|
1,389
|
919,379
|
|
Motorola Solutions, Inc.
|
|
4,842
|
2,011,270
|
|
NetApp, Inc.
|
|
6,072
|
602,100
|
|
NVIDIA Corp.
|
|
721,331
|
97,473,458
|
|
NXP Semiconductors N.V. (Netherlands)
|
|
7,281
|
1,391,618
|
|
ON Semiconductor Corp.(b)
|
|
12,704
|
533,822
|
|
Oracle Corp.
|
|
48,065
|
7,956,199
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Palantir Technologies, Inc., Class A(b)
|
|
56,546
|
$7,451,632
|
|
PTC, Inc.(b)(c)
|
|
3,403
|
572,793
|
|
QUALCOMM, Inc.
|
|
31,051
|
4,508,605
|
|
Roper Technologies, Inc.
|
|
3,006
|
1,714,232
|
|
Salesforce, Inc.
|
|
27,189
|
7,215,145
|
|
Seagate Technology Holdings PLC(c)
|
|
6,755
|
796,685
|
|
Skyworks Solutions, Inc.
|
|
4,263
|
294,275
|
|
Super Micro Computer, Inc.(b)(c)
|
|
13,358
|
534,587
|
|
Synopsys, Inc.(b)
|
|
4,412
|
2,047,080
|
|
TE Connectivity PLC (Switzerland)
|
|
8,747
|
1,400,132
|
|
Teledyne Technologies, Inc.(b)(c)
|
|
1,344
|
670,468
|
|
Teradyne, Inc.
|
|
5,605
|
440,553
|
|
Texas Instruments, Inc.
|
|
27,652
|
5,056,168
|
|
Trimble, Inc.(b)
|
|
7,090
|
505,304
|
|
Tyler Technologies, Inc.(b)
|
|
1,245
|
718,353
|
|
Western Digital Corp.(b)(c)
|
|
10,698
|
551,482
|
|
Zebra Technologies Corp., Class A(b)
|
|
1,581
|
458,126
|
|
|
|
|
316,122,187
|
|
Materials-2.25%
|
|||
|
Air Products and Chemicals, Inc.
|
|
6,481
|
1,807,616
|
|
Albemarle Corp.(c)
|
|
3,380
|
188,469
|
|
Amcor PLC
|
|
40,025
|
364,628
|
|
Avery Dennison Corp.
|
|
2,317
|
411,800
|
|
Ball Corp.
|
|
8,334
|
446,536
|
|
CF Industries Holdings, Inc.
|
|
4,930
|
447,200
|
|
Corteva, Inc.
|
|
19,938
|
1,411,610
|
|
Dow, Inc.
|
|
20,280
|
562,567
|
|
DuPont de Nemours, Inc.
|
|
12,302
|
821,774
|
|
Eastman Chemical Co.
|
|
3,336
|
261,442
|
|
Ecolab, Inc.
|
|
7,218
|
1,917,245
|
|
Freeport-McMoRan, Inc.
|
|
39,184
|
1,507,800
|
|
International Flavors & Fragrances, Inc.
|
|
7,144
|
546,945
|
|
International Paper Co.
|
|
15,871
|
758,792
|
|
Linde PLC
|
|
13,394
|
6,262,766
|
|
LyondellBasell Industries N.V., Class A
|
|
7,515
|
424,522
|
|
Martin Marietta Materials, Inc.
|
|
1,725
|
944,524
|
|
Mosaic Co. (The)
|
|
8,362
|
302,203
|
|
Newmont Corp.
|
|
30,373
|
1,601,265
|
|
Nucor Corp.
|
|
6,705
|
733,259
|
|
Packaging Corp. of America
|
|
2,618
|
505,719
|
|
PPG Industries, Inc.
|
|
6,431
|
712,555
|
|
Sherwin-Williams Co. (The)
|
|
6,519
|
2,339,082
|
|
Smurfit WestRock PLC
|
|
15,802
|
684,701
|
|
Steel Dynamics, Inc.
|
|
4,207
|
517,755
|
|
Vulcan Materials Co.
|
|
3,908
|
1,035,894
|
|
|
|
|
27,518,669
|
|
Real Estate-1.76%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
4,386
|
307,853
|
|
AvalonBay Communities, Inc.
|
|
4,157
|
859,543
|
|
BXP, Inc.
|
|
4,242
|
285,614
|
|
Camden Property Trust
|
|
3,036
|
356,700
|
|
CBRE Group, Inc., Class A(b)
|
|
9,118
|
1,139,932
|
|
Digital Realty Trust, Inc.
|
|
8,731
|
1,497,541
|
|
Equity Residential
|
|
9,976
|
699,717
|
|
Essex Property Trust, Inc.
|
|
1,859
|
527,770
|
|
Extra Space Storage, Inc.
|
|
5,888
|
889,971
|
|
Federal Realty Investment Trust
|
|
2,255
|
215,307
|
|
Healthpeak Properties, Inc.
|
|
19,253
|
335,195
|
|
Host Hotels & Resorts, Inc.
|
|
20,277
|
314,091
|
|
Invitation Homes, Inc.
|
|
15,908
|
536,100
|
|
Kimco Realty Corp.
|
|
19,397
|
412,380
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Mid-America Apartment Communities, Inc.
|
|
3,302
|
$517,258
|
|
Prologis, Inc.
|
|
26,950
|
2,926,770
|
|
Public Storage
|
|
4,284
|
1,321,228
|
|
Realty Income Corp.
|
|
24,059
|
1,362,221
|
|
Regency Centers Corp.
|
|
4,730
|
341,269
|
|
Simon Property Group, Inc.
|
|
9,351
|
1,524,868
|
|
UDR, Inc.
|
|
8,578
|
355,387
|
|
Ventas, Inc.
|
|
11,886
|
764,032
|
|
VICI Properties, Inc.(c)
|
|
29,000
|
919,590
|
|
Welltower, Inc.
|
|
16,743
|
2,583,110
|
|
Weyerhaeuser Co.
|
|
20,303
|
526,051
|
|
|
|
|
21,519,498
|
|
Utilities-2.86%
|
|||
|
AES Corp. (The)
|
|
18,929
|
190,994
|
|
Alliant Energy Corp.
|
|
7,235
|
450,234
|
|
Ameren Corp.
|
|
7,560
|
732,413
|
|
American Electric Power Co., Inc.
|
|
14,905
|
1,542,518
|
|
American Water Works Co., Inc.
|
|
5,111
|
730,720
|
|
Atmos Energy Corp.
|
|
4,360
|
674,405
|
|
CenterPoint Energy, Inc.(c)
|
|
17,621
|
656,206
|
|
CMS Energy Corp.
|
|
8,333
|
585,227
|
|
Consolidated Edison, Inc.
|
|
9,326
|
974,474
|
|
Constellation Energy Corp.
|
|
9,887
|
3,026,905
|
|
Dominion Energy, Inc.
|
|
24,056
|
1,363,253
|
|
DTE Energy Co.
|
|
5,727
|
782,595
|
|
Duke Energy Corp.
|
|
21,148
|
2,489,543
|
|
Edison International
|
|
10,324
|
574,531
|
|
Entergy Corp.
|
|
12,312
|
1,025,343
|
|
Evergy, Inc.
|
|
6,494
|
431,267
|
|
Eversource Energy
|
|
10,552
|
683,875
|
|
Exelon Corp.
|
|
28,325
|
1,241,201
|
|
FirstEnergy Corp.
|
|
14,141
|
593,074
|
|
NextEra Energy, Inc.
|
|
53,772
|
3,798,454
|
|
NiSource, Inc.
|
|
13,259
|
524,261
|
|
NRG Energy, Inc.
|
|
6,292
|
980,923
|
|
PG&E Corp.
|
|
59,847
|
1,010,217
|
|
Pinnacle West Capital Corp.(c)
|
|
3,132
|
285,732
|
|
PPL Corp.
|
|
20,786
|
722,313
|
|
Public Service Enterprise Group, Inc.
|
|
13,808
|
1,118,862
|
|
Sempra
|
|
17,867
|
1,404,167
|
|
Southern Co. (The)
|
|
30,154
|
2,713,860
|
|
Vistra Corp.
|
|
10,133
|
1,627,056
|
|
WEC Energy Group, Inc.
|
|
8,758
|
940,959
|
|
Xcel Energy, Inc.(c)
|
|
16,339
|
1,145,364
|
|
|
|
|
35,020,946
|
|
Total Common Stocks & Other Equity Interests
(Cost $973,497,942)
|
1,220,427,671
|
||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $550,355)
|
|
550,355
|
550,355
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.91%
(Cost $974,048,297)
|
1,220,978,026
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.84%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
6,250,556
|
$6,250,556
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
16,248,196
|
16,251,446
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $22,502,002)
|
22,502,002
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.75%
(Cost $996,550,299)
|
1,243,480,028
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.75)%
|
(21,388,218
)
|
||
|
NET ASSETS-100.00%
|
$1,222,091,810
|
||
|
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)
|
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
|
|
Invesco Ltd.
|
$183,324
|
$171,359
|
$(107,444
)
|
$15,536
|
$(61,391
)
|
$201,384
|
$8,428
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
12,957
|
12,722,294
|
(12,184,896
)
|
-
|
-
|
550,355
|
18,391
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
2,884,175
|
89,130,439
|
(85,764,058
)
|
-
|
-
|
6,250,556
|
194,657
*
|
|
Invesco Private Prime
Fund
|
7,510,966
|
205,760,762
|
(197,017,343
)
|
(499
)
|
(2,440
)
|
16,251,446
|
517,928
*
|
|
Total
|
$10,591,422
|
$307,784,854
|
$(295,073,741
)
|
$15,037
|
$(63,831
)
|
$23,253,741
|
$739,404
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.90%
|
|||
|
Communication Services-1.06%
|
|||
|
Frontier Communications Parent, Inc.(b)
|
|
27,762
|
$1,005,817
|
|
New York Times Co. (The), Class A
|
|
20,432
|
1,167,076
|
|
Nexstar Media Group, Inc., Class A
|
|
3,625
|
617,772
|
|
Warner Music Group Corp., Class A(c)
|
|
17,709
|
466,101
|
|
ZoomInfo Technologies, Inc., Class A(b)(c)
|
|
35,943
|
343,256
|
|
|
|
|
3,600,022
|
|
Consumer Discretionary-13.04%
|
|||
|
Abercrombie & Fitch Co., Class A(b)
|
|
8,547
|
670,854
|
|
Aramark(c)
|
|
35,246
|
1,427,463
|
|
Autoliv, Inc. (Sweden)(c)
|
|
9,616
|
988,717
|
|
AutoNation, Inc.(b)
|
|
3,587
|
659,470
|
|
Boyd Gaming Corp.(c)
|
|
9,351
|
701,045
|
|
Brunswick Corp.
|
|
8,831
|
447,025
|
|
Burlington Stores, Inc.(b)(c)
|
|
8,025
|
1,831,867
|
|
Chewy, Inc., Class A(b)
|
|
22,957
|
1,038,804
|
|
Churchill Downs, Inc.(c)
|
|
10,208
|
974,558
|
|
Columbia Sportswear Co.(c)
|
|
4,391
|
280,058
|
|
Crocs, Inc.(b)
|
|
7,081
|
722,262
|
|
Dick’s Sporting Goods, Inc.
|
|
8,294
|
1,487,446
|
|
Duolingo, Inc.(b)
|
|
5,053
|
2,625,589
|
|
Floor & Decor Holdings, Inc., Class A(b)(c)
|
|
14,466
|
1,037,068
|
|
GameStop Corp., Class A(b)(c)
|
|
57,524
|
1,714,215
|
|
Gap, Inc. (The)
|
|
29,678
|
662,116
|
|
Gentex Corp.(c)
|
|
28,160
|
607,411
|
|
Goodyear Tire & Rubber Co. (The)(b)(c)
|
|
35,993
|
410,680
|
|
Graham Holdings Co., Class B
|
|
452
|
431,393
|
|
Grand Canyon Education, Inc.(b)
|
|
3,812
|
754,185
|
|
H&R Block, Inc.
|
|
18,490
|
1,053,006
|
|
Harley-Davidson, Inc.
|
|
14,992
|
362,956
|
|
Hilton Grand Vacations, Inc.(b)(c)
|
|
9,298
|
354,905
|
|
Hyatt Hotels Corp., Class A
|
|
5,938
|
783,994
|
|
KB Home
|
|
8,698
|
448,643
|
|
Lear Corp.
|
|
6,698
|
605,633
|
|
Light & Wonder, Inc.(b)(c)
|
|
12,049
|
1,085,856
|
|
Lithia Motors, Inc., Class A
|
|
3,821
|
1,210,913
|
|
Macy’s, Inc.
|
|
35,551
|
422,701
|
|
Marriott Vacations Worldwide Corp.
|
|
4,367
|
287,611
|
|
Mattel, Inc.(b)
|
|
43,480
|
823,511
|
|
Murphy USA, Inc.
|
|
2,379
|
1,015,333
|
|
Ollie’s Bargain Outlet Holdings, Inc.(b)
|
|
7,703
|
858,499
|
|
Penske Automotive Group, Inc.
|
|
2,493
|
409,301
|
|
Polaris, Inc.
|
|
6,551
|
256,930
|
|
PVH Corp.
|
|
7,835
|
656,338
|
|
Service Corp. International
|
|
18,583
|
1,449,474
|
|
Skechers U.S.A., Inc., Class A(b)
|
|
17,665
|
1,095,937
|
|
Somnigroup International, Inc.(c)
|
|
24,562
|
1,598,004
|
|
Taylor Morrison Home Corp., Class A(b)
|
|
13,332
|
750,325
|
|
Texas Roadhouse, Inc.
|
|
8,706
|
1,699,498
|
|
Thor Industries, Inc.(c)
|
|
8,365
|
679,154
|
|
Toll Brothers, Inc.
|
|
13,146
|
1,370,471
|
|
TopBuild Corp.(b)
|
|
3,698
|
1,046,127
|
|
Travel + Leisure Co.
|
|
9,740
|
473,072
|
|
Under Armour, Inc., Class A(b)(c)
|
|
36,265
|
243,338
|
|
Vail Resorts, Inc.(c)
|
|
4,578
|
733,258
|
|
Valvoline, Inc.(b)
|
|
17,097
|
591,385
|
|
Visteon Corp.(b)
|
|
3,561
|
300,638
|
|
Wendy’s Co. (The)
|
|
21,637
|
246,662
|
|
Whirlpool Corp.(c)
|
|
7,665
|
598,560
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
Wyndham Hotels & Resorts, Inc.
|
|
11,509
|
$952,715
|
|
YETI Holdings, Inc.(b)
|
|
11,325
|
346,092
|
|
|
|
|
44,283,066
|
|
Consumer Staples-5.08%
|
|||
|
BJ’s Wholesale Club Holdings, Inc., Class C(b)
|
|
15,375
|
1,740,604
|
|
Boston Beer Co., Inc. (The), Class A(b)
|
|
1,111
|
255,363
|
|
Casey’s General Stores, Inc.
|
|
4,754
|
2,081,111
|
|
Celsius Holdings, Inc.(b)
|
|
18,296
|
693,052
|
|
Coca-Cola Consolidated, Inc.
|
|
7,759
|
889,569
|
|
Coty, Inc., Class A(b)(c)
|
|
46,557
|
229,526
|
|
Darling Ingredients, Inc.(b)
|
|
24,191
|
753,792
|
|
Flowers Foods, Inc.
|
|
24,747
|
418,224
|
|
Ingredion, Inc.
|
|
8,133
|
1,131,463
|
|
Lancaster Colony Corp.
|
|
2,536
|
424,526
|
|
Maplebear, Inc.(b)
|
|
21,279
|
971,812
|
|
Performance Food Group Co.(b)
|
|
21,254
|
1,903,508
|
|
Pilgrim’s Pride Corp.
|
|
5,335
|
262,269
|
|
Post Holdings, Inc.(b)
|
|
5,967
|
659,891
|
|
Sprouts Farmers Market, Inc.(b)
|
|
13,427
|
2,320,991
|
|
US Foods Holding Corp.(b)
|
|
31,829
|
2,518,311
|
|
|
|
|
17,254,012
|
|
Energy-3.93%
|
|||
|
Antero Midstream Corp.
|
|
41,915
|
787,164
|
|
Antero Resources Corp.(b)
|
|
37,063
|
1,388,009
|
|
ChampionX Corp.
|
|
24,652
|
593,374
|
|
Chord Energy Corp.
|
|
8,184
|
736,560
|
|
Civitas Resources, Inc.
|
|
12,113
|
331,533
|
|
CNX Resources Corp.(b)(c)
|
|
18,418
|
594,533
|
|
DT Midstream, Inc.
|
|
12,424
|
1,301,290
|
|
HF Sinclair Corp.(c)
|
|
22,563
|
815,201
|
|
Matador Resources Co.
|
|
15,639
|
672,633
|
|
Murphy Oil Corp.
|
|
17,967
|
376,049
|
|
NOV, Inc.
|
|
51,187
|
614,244
|
|
Ovintiv, Inc.
|
|
35,387
|
1,267,562
|
|
PBF Energy, Inc., Class A
|
|
12,937
|
246,450
|
|
Permian Resources Corp.
|
|
83,988
|
1,059,089
|
|
Range Resources Corp.
|
|
29,719
|
1,130,511
|
|
Valaris Ltd.(b)(c)
|
|
7,866
|
295,919
|
|
Viper Energy, Inc.
|
|
17,506
|
694,813
|
|
Weatherford International PLC
|
|
10,409
|
453,832
|
|
|
|
|
13,358,766
|
|
Financials-19.55%
|
|||
|
Affiliated Managers Group, Inc.
|
|
3,973
|
699,248
|
|
Ally Financial, Inc.
|
|
37,313
|
1,305,955
|
|
American Financial Group, Inc.
|
|
9,159
|
1,135,533
|
|
Annaly Capital Management, Inc.
|
|
72,292
|
1,369,933
|
|
Associated Banc-Corp
|
|
22,953
|
531,821
|
|
Bank OZK(c)
|
|
14,348
|
636,047
|
|
Brighthouse Financial, Inc.(b)
|
|
8,067
|
482,487
|
|
Cadence Bank(c)
|
|
25,631
|
776,619
|
|
Carlyle Group, Inc. (The)
|
|
31,111
|
1,406,217
|
|
CNO Financial Group, Inc.
|
|
13,683
|
519,407
|
|
Columbia Banking System, Inc.
|
|
28,965
|
677,202
|
|
Comerica, Inc.
|
|
18,281
|
1,043,662
|
|
Commerce Bancshares, Inc.
|
|
16,663
|
1,049,936
|
|
Cullen/Frost Bankers, Inc.
|
|
8,858
|
1,124,789
|
|
East West Bancorp, Inc.
|
|
19,050
|
1,737,360
|
|
Essent Group Ltd.
|
|
14,097
|
817,626
|
|
Euronet Worldwide, Inc.(b)(c)
|
|
5,293
|
573,126
|
|
Evercore, Inc., Class A
|
|
5,364
|
1,241,712
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
F.N.B. Corp.
|
|
50,033
|
$693,958
|
|
Federated Hermes, Inc., Class B
|
|
9,968
|
420,650
|
|
Fidelity National Financial, Inc.
|
|
33,818
|
1,852,212
|
|
First American Financial Corp.
|
|
13,543
|
755,835
|
|
First Financial Bankshares, Inc.(c)
|
|
17,182
|
605,837
|
|
First Horizon Corp.
|
|
75,799
|
1,506,884
|
|
FirstCash Holdings, Inc.(c)
|
|
4,792
|
612,945
|
|
Glacier Bancorp, Inc.
|
|
15,567
|
645,564
|
|
Hamilton Lane, Inc., Class A(c)
|
|
5,731
|
853,919
|
|
Hancock Whitney Corp.
|
|
12,138
|
663,585
|
|
Hanover Insurance Group, Inc. (The)
|
|
4,668
|
821,475
|
|
Home BancShares, Inc.
|
|
24,684
|
698,310
|
|
Houlihan Lokey, Inc.
|
|
7,367
|
1,286,868
|
|
Interactive Brokers Group, Inc., Class A
|
|
16,168
|
3,390,106
|
|
International Bancshares Corp.
|
|
7,253
|
454,255
|
|
Janus Henderson Group PLC
|
|
17,776
|
645,802
|
|
Jefferies Financial Group, Inc.
|
|
24,330
|
1,182,438
|
|
Kemper Corp.
|
|
7,734
|
492,888
|
|
Kinsale Capital Group, Inc.
|
|
2,650
|
1,250,774
|
|
MGIC Investment Corp.
|
|
34,255
|
906,045
|
|
Morningstar, Inc.
|
|
3,678
|
1,134,369
|
|
Old National Bancorp
|
|
45,848
|
956,389
|
|
Old Republic International Corp.
|
|
30,608
|
1,156,982
|
|
Pinnacle Financial Partners, Inc.
|
|
10,758
|
1,143,360
|
|
Primerica, Inc.
|
|
4,330
|
1,171,698
|
|
Prosperity Bancshares, Inc.
|
|
12,914
|
899,460
|
|
Reinsurance Group of America, Inc.
|
|
8,836
|
1,796,271
|
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
6,532
|
1,629,211
|
|
RLI Corp.
|
|
10,651
|
818,742
|
|
SEI Investments Co.
|
|
13,258
|
1,130,377
|
|
Selective Insurance Group, Inc.
|
|
7,740
|
681,275
|
|
Shift4 Payments, Inc., Class A(b)(c)
|
|
9,332
|
884,580
|
|
SLM Corp.
|
|
27,682
|
896,066
|
|
SouthState Corp.
|
|
13,619
|
1,195,748
|
|
Starwood Property Trust, Inc.(c)
|
|
41,354
|
816,742
|
|
Stifel Financial Corp.
|
|
14,196
|
1,337,547
|
|
Synovus Financial Corp.
|
|
20,373
|
974,441
|
|
Texas Capital Bancshares, Inc.(b)(c)
|
|
6,303
|
451,862
|
|
UMB Financial Corp.
|
|
9,415
|
970,875
|
|
United Bankshares, Inc.
|
|
17,712
|
640,112
|
|
Unum Group
|
|
22,145
|
1,809,468
|
|
Valley National Bancorp
|
|
66,839
|
586,846
|
|
Voya Financial, Inc.
|
|
13,060
|
868,751
|
|
Webster Financial Corp.
|
|
24,154
|
1,243,448
|
|
Western Alliance Bancorporation
|
|
15,598
|
1,129,451
|
|
Western Union Co. (The)
|
|
42,748
|
396,701
|
|
WEX, Inc.(b)(c)
|
|
5,168
|
686,982
|
|
Wintrust Financial Corp.
|
|
9,405
|
1,123,051
|
|
Zions Bancorporation N.A.
|
|
20,783
|
984,283
|
|
|
|
|
66,384,118
|
|
Health Care-7.32%
|
|||
|
Acadia Healthcare Co., Inc.(b)(c)
|
|
12,013
|
271,974
|
|
Avantor, Inc.(b)
|
|
89,497
|
1,155,406
|
|
BioMarin Pharmaceutical, Inc.(b)
|
|
23,902
|
1,387,989
|
|
Bio-Rad Laboratories, Inc., Class A(b)(c)
|
|
2,528
|
573,679
|
|
Bruker Corp.(c)
|
|
14,451
|
530,352
|
|
Chemed Corp.
|
|
1,897
|
1,090,472
|
|
Doximity, Inc., Class A(b)
|
|
17,530
|
913,138
|
|
Encompass Health Corp.
|
|
13,304
|
1,608,454
|
|
Ensign Group, Inc. (The)(c)
|
|
7,300
|
1,074,998
|
|
Envista Holdings Corp.(b)(c)
|
|
25,538
|
466,579
|
|
Exelixis, Inc.(b)
|
|
36,928
|
1,589,381
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Globus Medical, Inc., Class A(b)
|
|
15,930
|
$942,737
|
|
Halozyme Therapeutics, Inc.(b)
|
|
15,345
|
860,394
|
|
HealthEquity, Inc.(b)(c)
|
|
12,442
|
1,251,790
|
|
Jazz Pharmaceuticals PLC(b)
|
|
8,030
|
867,802
|
|
Lantheus Holdings, Inc.(b)(c)
|
|
8,040
|
607,502
|
|
LivaNova PLC(b)(c)
|
|
7,193
|
311,097
|
|
Masimo Corp.(b)(c)
|
|
6,243
|
1,014,488
|
|
Medpace Holdings, Inc.(b)(c)
|
|
3,189
|
940,436
|
|
Neurocrine Biosciences, Inc.(b)
|
|
13,702
|
1,685,620
|
|
Option Care Health, Inc.(b)
|
|
21,550
|
704,254
|
|
Perrigo Co. PLC
|
|
17,900
|
479,183
|
|
Roivant Sciences Ltd.(b)(c)
|
|
54,103
|
594,592
|
|
Tenet Healthcare Corp.(b)
|
|
12,350
|
2,084,310
|
|
United Therapeutics Corp.(b)
|
|
5,784
|
1,844,228
|
|
|
|
|
24,850,855
|
|
Industrials-23.67%
|
|||
|
AAON, Inc.(c)
|
|
7,900
|
760,691
|
|
Acuity, Inc.
|
|
4,291
|
1,115,188
|
|
Advanced Drainage Systems, Inc.
|
|
8,940
|
983,042
|
|
AECOM
|
|
17,627
|
1,936,326
|
|
AGCO Corp.
|
|
7,915
|
775,512
|
|
American Airlines Group, Inc.(b)(c)
|
|
107,619
|
1,227,933
|
|
Applied Industrial Technologies, Inc.
|
|
5,311
|
1,203,048
|
|
Brink’s Co. (The)(c)
|
|
6,018
|
493,837
|
|
BWX Technologies, Inc.
|
|
12,053
|
1,513,857
|
|
CACI International, Inc., Class A(b)
|
|
2,522
|
1,079,416
|
|
Carlisle Cos., Inc.
|
|
5,810
|
2,208,846
|
|
Chart Industries, Inc.(b)(c)
|
|
6,811
|
1,068,373
|
|
Clean Harbors, Inc.(b)
|
|
6,892
|
1,563,037
|
|
CNH Industrial N.V.(c)
|
|
109,635
|
1,371,534
|
|
Comfort Systems USA, Inc.
|
|
4,771
|
2,281,635
|
|
Concentrix Corp.(c)
|
|
5,917
|
331,145
|
|
Core & Main, Inc., Class A(b)
|
|
25,705
|
1,408,891
|
|
Crane Co.
|
|
6,388
|
1,094,903
|
|
Curtiss-Wright Corp.
|
|
4,831
|
2,126,171
|
|
Donaldson Co., Inc.
|
|
15,182
|
1,055,908
|
|
EMCOR Group, Inc.
|
|
6,116
|
2,885,896
|
|
EnerSys
|
|
5,237
|
437,970
|
|
ESAB Corp.
|
|
7,389
|
908,773
|
|
ExlService Holdings, Inc.(b)
|
|
21,094
|
970,113
|
|
Exponent, Inc.
|
|
6,490
|
495,447
|
|
Flowserve Corp.
|
|
18,479
|
922,287
|
|
Fluor Corp.(b)
|
|
22,799
|
947,982
|
|
Fortune Brands Innovations, Inc.
|
|
16,454
|
829,282
|
|
FTI Consulting, Inc.(b)(c)
|
|
4,527
|
743,152
|
|
GATX Corp.
|
|
4,863
|
774,384
|
|
Genpact Ltd.
|
|
21,865
|
941,288
|
|
Graco, Inc.
|
|
21,825
|
1,847,705
|
|
GXO Logistics, Inc.(b)(c)
|
|
15,257
|
627,673
|
|
Hexcel Corp.
|
|
11,296
|
597,445
|
|
Insperity, Inc.
|
|
4,429
|
286,645
|
|
ITT, Inc.
|
|
10,812
|
1,627,638
|
|
KBR, Inc.
|
|
16,036
|
836,919
|
|
Kirby Corp.(b)(c)
|
|
7,697
|
851,596
|
|
Knight-Swift Transportation Holdings, Inc.
|
|
21,705
|
961,966
|
|
Landstar System, Inc.
|
|
4,627
|
634,917
|
|
Lincoln Electric Holdings, Inc.
|
|
7,613
|
1,473,801
|
|
ManpowerGroup, Inc.
|
|
5,705
|
239,325
|
|
MasTec, Inc.(b)
|
|
8,478
|
1,321,975
|
|
Maximus, Inc.
|
|
7,332
|
531,643
|
|
Middleby Corp. (The)(b)(c)
|
|
7,299
|
1,066,603
|
|
MSA Safety, Inc.
|
|
5,313
|
865,860
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
MSC Industrial Direct Co., Inc., Class A
|
|
5,865
|
$476,238
|
|
Mueller Industries, Inc.
|
|
14,432
|
1,123,820
|
|
Nextracker, Inc., Class A(b)
|
|
17,736
|
1,005,454
|
|
nVent Electric PLC(c)
|
|
22,239
|
1,463,326
|
|
Oshkosh Corp.
|
|
8,646
|
857,597
|
|
Owens Corning
|
|
11,520
|
1,543,104
|
|
Parsons Corp.(b)
|
|
5,890
|
381,908
|
|
Paylocity Holding Corp.(b)
|
|
5,920
|
1,130,128
|
|
RB Global, Inc. (Canada)(c)
|
|
24,050
|
2,532,465
|
|
RBC Bearings, Inc.(b)(c)
|
|
4,140
|
1,514,702
|
|
Regal Rexnord Corp.
|
|
9,009
|
1,202,161
|
|
Ryder System, Inc.
|
|
5,971
|
878,513
|
|
Saia, Inc.(b)(c)
|
|
3,652
|
965,625
|
|
Science Applications International Corp.
|
|
5,811
|
671,403
|
|
Sensata Technologies Holding PLC
|
|
20,034
|
522,086
|
|
Simpson Manufacturing Co., Inc.
|
|
5,505
|
857,129
|
|
Terex Corp.
|
|
8,542
|
384,475
|
|
Tetra Tech, Inc.
|
|
33,979
|
1,187,226
|
|
Timken Co. (The)(c)
|
|
8,747
|
599,082
|
|
Toro Co. (The)
|
|
14,022
|
1,062,587
|
|
Trex Co., Inc.(b)(c)
|
|
14,915
|
833,301
|
|
UFP Industries, Inc.
|
|
7,655
|
746,822
|
|
Valmont Industries, Inc.
|
|
2,657
|
845,032
|
|
Watsco, Inc.
|
|
4,331
|
1,921,102
|
|
Watts Water Technologies, Inc., Class A
|
|
3,494
|
845,967
|
|
WESCO International, Inc.
|
|
6,132
|
1,029,501
|
|
Woodward, Inc.
|
|
7,840
|
1,696,027
|
|
XPO, Inc.(b)(c)
|
|
16,320
|
1,857,706
|
|
|
|
|
80,362,065
|
|
Information Technology-10.16%
|
|||
|
Amkor Technology, Inc.
|
|
15,236
|
274,553
|
|
AppFolio, Inc., Class A(b)
|
|
2,928
|
618,306
|
|
Arrow Electronics, Inc.(b)
|
|
6,887
|
815,283
|
|
ASGN, Inc.(b)
|
|
5,462
|
288,448
|
|
Avnet, Inc.
|
|
11,648
|
582,516
|
|
Belden, Inc.
|
|
5,426
|
576,241
|
|
BILL Holdings, Inc.(b)(c)
|
|
14,245
|
622,222
|
|
Ciena Corp.(b)(c)
|
|
21,517
|
1,722,651
|
|
Cirrus Logic, Inc.(b)(c)
|
|
7,033
|
691,766
|
|
Cognex Corp.
|
|
22,554
|
675,943
|
|
Coherent Corp.(b)
|
|
21,476
|
1,624,230
|
|
Commvault Systems, Inc.(b)
|
|
6,066
|
1,110,988
|
|
Crane NXT Co.
|
|
6,450
|
345,784
|
|
DocuSign, Inc.(b)
|
|
26,191
|
2,320,784
|
|
Dolby Laboratories, Inc., Class A
|
|
7,456
|
553,683
|
|
Dynatrace, Inc.(b)(c)
|
|
43,165
|
2,331,342
|
|
Fabrinet (Thailand)(b)
|
|
4,462
|
1,039,066
|
|
Flex Ltd.(b)
|
|
53,257
|
2,252,771
|
|
Guidewire Software, Inc.(b)
|
|
11,851
|
2,548,202
|
|
IPG Photonics Corp.(b)(c)
|
|
3,230
|
214,020
|
|
Kyndryl Holdings, Inc.(b)
|
|
32,342
|
1,262,632
|
|
Lattice Semiconductor Corp.(b)(c)
|
|
18,220
|
818,807
|
|
Littelfuse, Inc.
|
|
3,496
|
716,890
|
|
Manhattan Associates, Inc.(b)
|
|
8,059
|
1,521,378
|
|
MKS Instruments, Inc.
|
|
9,482
|
779,326
|
|
Novanta, Inc.(b)
|
|
4,786
|
592,603
|
|
Onto Innovation, Inc.(b)
|
|
6,677
|
613,883
|
|
Power Integrations, Inc.
|
|
7,592
|
377,550
|
|
Pure Storage, Inc., Class A(b)
|
|
42,114
|
2,256,889
|
|
Qualys, Inc.(b)
|
|
4,859
|
673,214
|
|
Silicon Laboratories, Inc.(b)(c)
|
|
4,651
|
560,585
|
|
Synaptics, Inc.(b)
|
|
5,273
|
309,841
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
TD SYNNEX Corp.(c)
|
|
10,132
|
$1,229,417
|
|
Universal Display Corp.(c)
|
|
5,657
|
810,931
|
|
Vontier Corp.
|
|
21,265
|
760,224
|
|
|
|
|
34,492,969
|
|
Materials-6.34%
|
|||
|
Alcoa Corp.
|
|
32,076
|
858,674
|
|
AptarGroup, Inc.
|
|
8,314
|
1,316,938
|
|
Ashland, Inc.
|
|
6,508
|
322,211
|
|
Avient Corp.(c)
|
|
12,106
|
437,390
|
|
Axalta Coating Systems Ltd.(b)
|
|
29,094
|
896,095
|
|
Cabot Corp.
|
|
7,226
|
539,710
|
|
Carpenter Technology Corp.
|
|
7,065
|
1,660,275
|
|
Cleveland-Cliffs, Inc.(b)(c)
|
|
66,636
|
388,488
|
|
Commercial Metals Co.
|
|
15,454
|
720,002
|
|
Crown Holdings, Inc.
|
|
14,837
|
1,461,444
|
|
Eagle Materials, Inc.
|
|
4,518
|
913,585
|
|
Graphic Packaging Holding Co.
|
|
38,083
|
846,204
|
|
Greif, Inc., Class A(c)
|
|
3,353
|
186,427
|
|
Knife River Corp.(b)
|
|
7,548
|
710,267
|
|
Louisiana-Pacific Corp.
|
|
8,440
|
760,191
|
|
Magnera Corp.(b)
|
|
2
|
24
|
|
NewMarket Corp.
|
|
1,039
|
669,178
|
|
Olin Corp.
|
|
15,755
|
305,805
|
|
Reliance, Inc.
|
|
7,202
|
2,108,890
|
|
Royal Gold, Inc.
|
|
7,835
|
1,395,570
|
|
RPM International, Inc.
|
|
16,997
|
1,934,938
|
|
Silgan Holdings, Inc.
|
|
11,110
|
611,828
|
|
Sonoco Products Co.
|
|
12,920
|
588,377
|
|
United States Steel Corp.(c)
|
|
29,592
|
1,592,641
|
|
Westlake Corp.(c)
|
|
4,367
|
310,188
|
|
|
|
|
21,535,340
|
|
Real Estate-6.64%
|
|||
|
Agree Realty Corp.
|
|
12,643
|
952,018
|
|
American Homes 4 Rent, Class A
|
|
41,718
|
1,579,026
|
|
Brixmor Property Group, Inc.
|
|
40,562
|
1,030,680
|
|
COPT Defense Properties(c)
|
|
14,039
|
385,371
|
|
Cousins Properties, Inc.
|
|
21,821
|
612,515
|
|
CubeSmart
|
|
27,914
|
1,193,603
|
|
EastGroup Properties, Inc.
|
|
6,229
|
1,056,127
|
|
EPR Properties
|
|
9,699
|
540,137
|
|
First Industrial Realty Trust, Inc.
|
|
16,723
|
826,618
|
|
Gaming and Leisure Properties, Inc.
|
|
34,389
|
1,605,966
|
|
Independence Realty Trust, Inc.
|
|
29,596
|
550,190
|
|
Jones Lang LaSalle, Inc.(b)
|
|
6,340
|
1,411,918
|
|
Kilroy Realty Corp.
|
|
14,319
|
461,072
|
|
Kite Realty Group Trust(c)
|
|
28,596
|
632,544
|
|
Lamar Advertising Co., Class A
|
|
11,887
|
1,432,859
|
|
NNN REIT, Inc.(c)
|
|
23,609
|
985,912
|
|
Omega Healthcare Investors, Inc.
|
|
33,800
|
1,250,600
|
|
Park Hotels & Resorts, Inc.(c)
|
|
27,332
|
283,160
|
|
PotlatchDeltic Corp.
|
|
9,377
|
368,891
|
|
Rayonier, Inc.
|
|
16,226
|
384,556
|
|
Rexford Industrial Realty, Inc.
|
|
29,238
|
1,030,347
|
|
Sabra Health Care REIT, Inc.
|
|
29,450
|
514,786
|
|
STAG Industrial, Inc.
|
|
22,540
|
801,973
|
|
Vornado Realty Trust
|
|
23,166
|
872,663
|
|
W.P. Carey, Inc.(c)
|
|
28,215
|
1,770,773
|
|
|
|
|
22,534,305
|
|
Utilities-3.11%
|
|||
|
ALLETE, Inc.
|
|
7,229
|
470,174
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Black Hills Corp.
|
|
9,217
|
$538,918
|
|
Essential Utilities, Inc.
|
|
30,946
|
1,192,350
|
|
IDACORP, Inc.(c)
|
|
6,808
|
809,812
|
|
National Fuel Gas Co.
|
|
11,642
|
960,931
|
|
New Jersey Resources Corp.
|
|
12,433
|
570,550
|
|
NorthWestern Energy Group, Inc.
|
|
7,819
|
432,625
|
|
OGE Energy Corp.
|
|
26,071
|
1,159,377
|
|
ONE Gas, Inc.
|
|
7,291
|
545,075
|
|
Ormat Technologies, Inc.(c)
|
|
7,016
|
521,499
|
|
Portland General Electric Co.
|
|
13,490
|
571,976
|
|
Southwest Gas Holdings, Inc.
|
|
7,696
|
552,804
|
|
Spire, Inc.
|
|
7,358
|
553,910
|
|
TXNM Energy, Inc.
|
|
11,447
|
648,931
|
|
UGI Corp.(c)
|
|
28,387
|
1,023,635
|
|
|
|
|
10,552,567
|
|
Total Common Stocks & Other Equity Interests
(Cost $291,719,075)
|
339,208,085
|
||
|
Money Market Funds-0.04%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $122,881)
|
|
122,881
|
122,881
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $291,841,956)
|
339,330,966
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-13.25%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
12,422,360
|
$12,422,360
|
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
32,576,184
|
32,582,699
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $45,005,283)
|
45,005,059
|
||
|
TOTAL INVESTMENTS IN SECURITIES-113.19%
(Cost $336,847,239)
|
384,336,025
|
||
|
OTHER ASSETS LESS LIABILITIES-(13.19)%
|
(44,772,370
)
|
||
|
NET ASSETS-100.00%
|
$339,563,655
|
||
|
Investment Abbreviations:
|
|
|
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 May 31, 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 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
|
$269,035
|
$4,191,748
|
$(4,337,902
)
|
$-
|
$-
|
$122,881
|
$4,824
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
11,496,566
|
81,323,152
|
(80,397,358
)
|
-
|
-
|
12,422,360
|
448,626
*
|
|
Invesco Private Prime Fund
|
26,933,411
|
176,391,942
|
(170,736,238
)
|
(2,284
)
|
(4,132
)
|
32,582,699
|
1,197,109
*
|
|
Total
|
$38,699,012
|
$261,906,842
|
$(255,471,498
)
|
$(2,284
)
|
$(4,132
)
|
$45,127,940
|
$1,650,559
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.86%
|
|||
|
Communication Services-1.21%
|
|||
|
New York Times Co. (The), Class A
|
|
174,413
|
$9,962,471
|
|
Consumer Discretionary-3.16%
|
|||
|
Gentex Corp.(b)
|
|
425,241
|
9,172,448
|
|
Murphy USA, Inc.
|
|
17,411
|
7,430,841
|
|
Service Corp. International
|
|
121,644
|
9,488,232
|
|
|
|
|
26,091,521
|
|
Consumer Staples-6.34%
|
|||
|
Albertson’s Cos., Inc., Class A(b)
|
|
418,547
|
9,304,300
|
|
Flowers Foods, Inc.
|
|
645,712
|
10,912,533
|
|
Ingredion, Inc.
|
|
66,817
|
9,295,581
|
|
Post Holdings, Inc.(b)(c)
|
|
109,263
|
12,083,395
|
|
US Foods Holding Corp.(c)
|
|
135,030
|
10,683,573
|
|
|
|
|
52,279,382
|
|
Energy-1.15%
|
|||
|
Antero Midstream Corp.
|
|
504,484
|
9,474,209
|
|
Financials-19.83%
|
|||
|
American Financial Group, Inc.(b)
|
|
79,802
|
9,893,852
|
|
Annaly Capital Management, Inc.(b)
|
|
532,507
|
10,091,008
|
|
Commerce Bancshares, Inc.
|
|
147,106
|
9,269,149
|
|
Essent Group Ltd.
|
|
163,368
|
9,475,344
|
|
Federated Hermes, Inc., Class B
|
|
241,586
|
10,194,929
|
|
Fidelity National Financial, Inc.
|
|
152,031
|
8,326,738
|
|
First American Financial Corp.
|
|
155,421
|
8,674,046
|
|
FirstCash Holdings, Inc.
|
|
68,426
|
8,752,370
|
|
Hanover Insurance Group, Inc. (The)
|
|
57,424
|
10,105,475
|
|
MGIC Investment Corp.
|
|
348,032
|
9,205,446
|
|
Morningstar, Inc.
|
|
31,004
|
9,562,254
|
|
Old Republic International Corp.
|
|
282,576
|
10,681,373
|
|
Primerica, Inc.
|
|
34,644
|
9,374,666
|
|
Prosperity Bancshares, Inc.
|
|
131,001
|
9,124,220
|
|
RLI Corp.
|
|
135,151
|
10,389,057
|
|
SEI Investments Co.
|
|
113,126
|
9,645,123
|
|
Starwood Property Trust, Inc.(b)
|
|
545,505
|
10,773,724
|
|
|
|
|
163,538,774
|
|
Health Care-3.40%
|
|||
|
Chemed Corp.
|
|
16,169
|
9,294,588
|
|
Encompass Health Corp.
|
|
75,878
|
9,173,650
|
|
Ensign Group, Inc. (The)(b)
|
|
64,993
|
9,570,869
|
|
|
|
|
28,039,107
|
|
Industrials-9.68%
|
|||
|
AECOM
|
|
88,020
|
9,668,997
|
|
Donaldson Co., Inc.
|
|
150,594
|
10,473,813
|
|
Exponent, Inc.
|
|
127,656
|
9,745,259
|
|
GATX Corp.
|
|
60,370
|
9,613,319
|
|
Graco, Inc.
|
|
128,749
|
10,899,890
|
|
Landstar System, Inc.
|
|
67,209
|
9,222,419
|
|
Maximus, Inc.
|
|
139,383
|
10,106,661
|
|
MSA Safety, Inc.(b)
|
|
62,115
|
10,122,882
|
|
|
|
|
79,853,240
|
|
Materials-9.12%
|
|||
|
AptarGroup, Inc.(b)
|
|
70,166
|
11,114,295
|
|
Crown Holdings, Inc.
|
|
93,367
|
9,196,650
|
|
Graphic Packaging Holding Co.(b)
|
|
406,391
|
9,030,008
|
|
NewMarket Corp.
|
|
14,590
|
9,396,835
|
|
Royal Gold, Inc.
|
|
46,961
|
8,364,693
|
|
RPM International, Inc.(b)
|
|
79,879
|
9,093,425
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Silgan Holdings, Inc.
|
|
181,106
|
$9,973,508
|
|
Sonoco Products Co.
|
|
198,656
|
9,046,794
|
|
|
|
|
75,216,208
|
|
Real Estate-25.48%
|
|||
|
Agree Realty Corp.
|
|
170,119
|
12,809,961
|
|
American Homes 4 Rent, Class A
|
|
277,800
|
10,514,730
|
|
Brixmor Property Group, Inc.
|
|
388,154
|
9,862,993
|
|
COPT Defense Properties
|
|
430,095
|
11,806,108
|
|
CubeSmart
|
|
217,736
|
9,310,391
|
|
EastGroup Properties, Inc.
|
|
60,915
|
10,328,138
|
|
EPR Properties
|
|
208,581
|
11,615,876
|
|
Equity LifeStyle Properties, Inc.(b)
|
|
172,872
|
10,989,473
|
|
First Industrial Realty Trust, Inc.
|
|
194,159
|
9,597,279
|
|
Gaming and Leisure Properties, Inc.
|
|
264,542
|
12,354,111
|
|
Healthcare Realty Trust, Inc.(b)
|
|
650,639
|
9,434,266
|
|
Independence Realty Trust, Inc.
|
|
507,453
|
9,433,551
|
|
Kite Realty Group Trust(b)
|
|
438,201
|
9,693,006
|
|
Lamar Advertising Co., Class A
|
|
75,056
|
9,047,250
|
|
NNN REIT, Inc.
|
|
269,351
|
11,248,098
|
|
Omega Healthcare Investors, Inc.
|
|
306,378
|
11,335,986
|
|
Rayonier, Inc.
|
|
426,695
|
10,112,672
|
|
Sabra Health Care REIT, Inc.(b)
|
|
523,118
|
9,144,103
|
|
STAG Industrial, Inc.
|
|
295,738
|
10,522,358
|
|
W.P. Carey, Inc.(b)
|
|
174,989
|
10,982,310
|
|
|
|
|
210,142,660
|
|
Utilities-20.49%
|
|||
|
ALLETE, Inc.
|
|
396,468
|
25,786,279
|
|
Black Hills Corp.
|
|
194,986
|
11,400,831
|
|
Essential Utilities, Inc.
|
|
255,185
|
9,832,278
|
|
IDACORP, Inc.(b)
|
|
110,910
|
13,192,745
|
|
National Fuel Gas Co.
|
|
137,156
|
11,320,856
|
|
New Jersey Resources Corp.
|
|
252,614
|
11,592,456
|
|
NorthWestern Energy Group, Inc.
|
|
198,624
|
10,989,866
|
|
OGE Energy Corp.
|
|
275,459
|
12,249,662
|
|
ONE Gas, Inc.(b)
|
|
135,472
|
10,127,887
|
|
Ormat Technologies, Inc.(b)
|
|
121,180
|
9,007,309
|
|
Portland General Electric Co.
|
|
286,589
|
12,151,374
|
|
Southwest Gas Holdings, Inc.(b)
|
|
129,599
|
9,309,096
|
|
Spire, Inc.
|
|
148,211
|
11,157,324
|
|
TXNM Energy, Inc.
|
|
192,428
|
10,908,743
|
|
|
|
|
169,026,706
|
|
Total Common Stocks & Other Equity Interests
(Cost $779,408,127)
|
823,624,278
|
||
|
Money Market Funds-0.04%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(d)(e)
(Cost $335,093)
|
|
335,093
|
335,093
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.90%
(Cost $779,743,220)
|
823,959,371
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-8.59%
|
|||
|
Invesco Private Government Fund,
4.29%(d)(e)(f)
|
|
19,694,245
|
19,694,245
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.45%(d)(e)(f)
|
|
51,158,797
|
$51,169,029
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $70,863,274)
|
70,863,274
|
||
|
TOTAL INVESTMENTS IN SECURITIES-108.49%
(Cost $850,606,494)
|
894,822,645
|
||
|
OTHER ASSETS LESS LIABILITIES-(8.49)%
|
(70,010,634
)
|
||
|
NET ASSETS-100.00%
|
$824,812,011
|
||
|
Investment Abbreviations:
|
|
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
Non-income producing security.
|
|
(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 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
|
$67,904
|
$22,819,205
|
$(22,552,016
)
|
$-
|
$-
|
$335,093
|
$17,860
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
13,390,433
|
233,412,702
|
(227,108,890
)
|
-
|
-
|
19,694,245
|
578,265
*
|
|
Invesco Private Prime
Fund
|
34,972,828
|
485,872,756
|
(469,664,906
)
|
(1,226
)
|
(10,423
)
|
51,169,029
|
1,557,448
*
|
|
Total
|
$48,431,165
|
$742,104,663
|
$(719,325,812
)
|
$(1,226
)
|
$(10,423
)
|
$71,198,367
|
$2,153,573
|
|
*
|
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 May 31, 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.87%
|
|||
|
Communication Services-2.54%
|
|||
|
Cable One, Inc.
|
|
655
|
$95,846
|
|
CarGurus, Inc.(b)
|
|
13,612
|
426,600
|
|
Cars.com, Inc.(b)
|
|
10,004
|
102,541
|
|
Cinemark Holdings, Inc.(c)
|
|
17,177
|
580,067
|
|
Gogo, Inc.(b)(c)
|
|
9,348
|
99,182
|
|
IAC, Inc.(b)
|
|
11,169
|
401,637
|
|
John Wiley & Sons, Inc., Class A
|
|
5,595
|
218,877
|
|
Lumen Technologies, Inc.(b)
|
|
144,204
|
565,280
|
|
QuinStreet, Inc.(b)
|
|
9,520
|
145,370
|
|
Scholastic Corp.
|
|
4,286
|
74,019
|
|
Shenandoah Telecommunications Co.(c)
|
|
6,158
|
77,468
|
|
Shutterstock, Inc.
|
|
3,818
|
70,442
|
|
TEGNA, Inc.
|
|
24,839
|
415,308
|
|
Telephone and Data Systems, Inc.
|
|
15,185
|
521,757
|
|
TripAdvisor, Inc.(b)
|
|
18,125
|
258,100
|
|
Yelp, Inc.(b)
|
|
9,706
|
370,478
|
|
Ziff Davis, Inc.(b)
|
|
6,570
|
213,131
|
|
|
|
|
4,636,103
|
|
Consumer Discretionary-13.84%
|
|||
|
Academy Sports & Outdoors, Inc.(c)
|
|
11,650
|
476,601
|
|
Acushnet Holdings Corp.
|
|
3,970
|
270,913
|
|
Adient PLC(b)
|
|
14,802
|
230,763
|
|
Adtalem Global Education, Inc.(b)
|
|
6,129
|
809,212
|
|
Advance Auto Parts, Inc.(c)
|
|
8,749
|
419,340
|
|
American Axle & Manufacturing Holdings,
Inc.(b)(c)
|
|
19,430
|
85,298
|
|
American Eagle Outfitters, Inc.(c)
|
|
29,958
|
328,340
|
|
Asbury Automotive Group, Inc.(b)
|
|
3,296
|
751,191
|
|
BJ’s Restaurants, Inc.(b)
|
|
3,916
|
174,693
|
|
Boot Barn Holdings, Inc.(b)(c)
|
|
5,508
|
882,987
|
|
Brinker International, Inc.(b)
|
|
7,617
|
1,314,923
|
|
Buckle, Inc. (The)
|
|
4,972
|
211,857
|
|
Caleres, Inc.
|
|
5,525
|
74,311
|
|
Carter’s, Inc.
|
|
5,366
|
168,331
|
|
Cavco Industries, Inc.(b)
|
|
1,269
|
550,232
|
|
Century Communities, Inc.
|
|
4,202
|
217,958
|
|
Champion Homes, Inc.(b)
|
|
8,750
|
572,250
|
|
Cheesecake Factory, Inc. (The)(c)
|
|
7,978
|
440,146
|
|
Cracker Barrel Old Country Store, Inc.(c)
|
|
3,444
|
197,823
|
|
Dana, Inc.
|
|
20,402
|
339,285
|
|
Dave & Buster’s Entertainment, Inc.(b)(c)
|
|
5,105
|
112,106
|
|
Dorman Products, Inc.(b)
|
|
4,222
|
545,947
|
|
Dream Finders Homes, Inc., Class A(b)(c)
|
|
4,028
|
84,024
|
|
Ethan Allen Interiors, Inc.
|
|
3,651
|
95,401
|
|
Foot Locker, Inc.(b)(c)
|
|
13,693
|
325,346
|
|
Frontdoor, Inc.(b)
|
|
13,412
|
737,794
|
|
Gentherm, Inc.(b)
|
|
4,850
|
132,720
|
|
G-III Apparel Group Ltd.(b)
|
|
6,184
|
179,645
|
|
Golden Entertainment, Inc.
|
|
3,630
|
103,564
|
|
Green Brick Partners, Inc.(b)
|
|
4,628
|
270,507
|
|
Group 1 Automotive, Inc.
|
|
2,114
|
896,167
|
|
Guess?, Inc.
|
|
4,132
|
43,303
|
|
Hanesbrands, Inc.(b)
|
|
55,040
|
272,448
|
|
Helen of Troy Ltd.(b)
|
|
3,679
|
98,928
|
|
Installed Building Products, Inc.(c)
|
|
3,483
|
555,469
|
|
Kohl’s Corp.(c)
|
|
22,101
|
179,681
|
|
Kontoor Brands, Inc.
|
|
7,923
|
543,518
|
|
La-Z-Boy, Inc.
|
|
7,136
|
298,927
|
|
LCI Industries
|
|
4,347
|
378,798
|
|
LGI Homes, Inc.(b)(c)
|
|
3,167
|
158,667
|
|
M/I Homes, Inc.(b)
|
|
4,076
|
434,542
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
MarineMax, Inc.(b)(c)
|
|
3,214
|
$68,137
|
|
Meritage Homes Corp.
|
|
11,052
|
703,018
|
|
Mister Car Wash, Inc.(b)(c)
|
|
15,366
|
108,791
|
|
Monarch Casino & Resort, Inc.
|
|
2,058
|
172,337
|
|
Monro, Inc.
|
|
4,893
|
75,010
|
|
National Vision Holdings, Inc.(b)(c)
|
|
12,800
|
253,568
|
|
Newell Brands, Inc.
|
|
60,854
|
322,526
|
|
Oxford Industries, Inc.(c)
|
|
2,578
|
138,387
|
|
Patrick Industries, Inc.(c)
|
|
5,395
|
463,215
|
|
PENN Entertainment, Inc.(b)(c)
|
|
29,298
|
434,489
|
|
Perdoceo Education Corp.
|
|
9,832
|
334,681
|
|
PHINIA, Inc.
|
|
7,578
|
328,885
|
|
Sally Beauty Holdings, Inc.(b)
|
|
15,175
|
132,174
|
|
Shake Shack, Inc., Class A(b)
|
|
7,596
|
985,885
|
|
Shoe Carnival, Inc.(c)
|
|
2,679
|
51,490
|
|
Signet Jewelers Ltd.(c)
|
|
7,137
|
475,110
|
|
Six Flags Entertainment Corp.(c)
|
|
17,498
|
587,233
|
|
Sonic Automotive, Inc., Class A
|
|
2,325
|
162,587
|
|
Sonos, Inc.(b)
|
|
20,645
|
212,231
|
|
Standard Motor Products, Inc.
|
|
3,636
|
110,171
|
|
Steven Madden Ltd.
|
|
13,725
|
338,321
|
|
Strategic Education, Inc.
|
|
3,675
|
335,270
|
|
Stride, Inc.(b)(c)
|
|
7,409
|
1,121,649
|
|
Sturm, Ruger & Co., Inc.
|
|
2,517
|
91,115
|
|
Topgolf Callaway Brands Corp.(b)(c)
|
|
23,097
|
146,435
|
|
Tri Pointe Homes, Inc.(b)
|
|
13,974
|
411,954
|
|
Upbound Group, Inc.
|
|
7,951
|
182,396
|
|
Urban Outfitters, Inc.(b)
|
|
9,270
|
647,973
|
|
Victoria’s Secret & Co.(b)
|
|
18,318
|
388,525
|
|
Winnebago Industries, Inc.
|
|
5,130
|
174,061
|
|
Wolverine World Wide, Inc.
|
|
13,220
|
225,533
|
|
XPEL, Inc.(b)(c)(d)
|
|
3,717
|
133,700
|
|
|
|
|
25,280,813
|
|
Consumer Staples-3.22%
|
|||
|
Andersons, Inc. (The)
|
|
4,985
|
177,017
|
|
B&G Foods, Inc.(c)
|
|
11,053
|
46,533
|
|
Cal-Maine Foods, Inc.
|
|
6,431
|
616,926
|
|
Central Garden & Pet Co., Class A(b)
|
|
9,261
|
296,074
|
|
Chefs’ Warehouse, Inc. (The)(b)
|
|
6,057
|
386,316
|
|
Edgewell Personal Care Co.
|
|
7,463
|
206,128
|
|
Energizer Holdings, Inc.
|
|
10,197
|
237,488
|
|
Fresh Del Monte Produce, Inc.
|
|
5,102
|
180,203
|
|
Grocery Outlet Holding Corp.(b)(c)
|
|
14,100
|
191,478
|
|
Interparfums, Inc.
|
|
2,929
|
398,988
|
|
J&J Snack Foods Corp.
|
|
2,278
|
262,357
|
|
John B. Sanfilippo & Son, Inc.
|
|
1,382
|
85,878
|
|
MGP Ingredients, Inc.
|
|
2,306
|
67,843
|
|
National Beverage Corp.(c)
|
|
3,430
|
155,139
|
|
PriceSmart, Inc.
|
|
3,987
|
430,516
|
|
Simply Good Foods Co. (The)(b)
|
|
14,818
|
511,369
|
|
SpartanNash Co.
|
|
5,266
|
102,476
|
|
Tootsie Roll Industries, Inc.(c)
|
|
2,432
|
86,701
|
|
TreeHouse Foods, Inc.(b)
|
|
7,579
|
170,224
|
|
United Natural Foods, Inc.(b)
|
|
10,413
|
318,325
|
|
Universal Corp.
|
|
3,706
|
242,335
|
|
USANA Health Sciences, Inc.(b)
|
|
1,508
|
45,044
|
|
WD-40 Co.
|
|
2,004
|
488,235
|
|
WK Kellogg Co.(c)
|
|
9,917
|
167,796
|
|
|
|
|
5,871,389
|
|
Energy-4.45%
|
|||
|
Archrock, Inc.
|
|
29,553
|
735,869
|
|
|
Shares
|
Value
|
|
|
Energy-(continued)
|
|||
|
Atlas Energy Solutions, Inc.(c)
|
|
11,889
|
$144,451
|
|
Bristow Group, Inc.(b)
|
|
4,332
|
126,754
|
|
Cactus, Inc., Class A
|
|
11,663
|
478,183
|
|
California Resources Corp.
|
|
11,219
|
495,543
|
|
Comstock Resources, Inc.(b)(c)
|
|
13,412
|
312,500
|
|
Core Laboratories, Inc.(c)
|
|
6,828
|
73,401
|
|
Core Natural Resources, Inc.
|
|
7,949
|
550,866
|
|
Crescent Energy Co., Class A
|
|
30,827
|
258,639
|
|
CVR Energy, Inc.
|
|
5,326
|
124,575
|
|
Dorian LPG Ltd.
|
|
5,313
|
113,751
|
|
Helix Energy Solutions Group, Inc.(b)
|
|
23,273
|
144,060
|
|
Helmerich & Payne, Inc.
|
|
15,526
|
236,772
|
|
Innovex International, Inc.(b)(c)
|
|
5,874
|
81,061
|
|
International Seaways, Inc.
|
|
6,078
|
225,190
|
|
Liberty Energy, Inc., Class A
|
|
29,343
|
340,085
|
|
Magnolia Oil & Gas Corp., Class A(c)
|
|
29,275
|
629,412
|
|
Northern Oil and Gas, Inc.(c)
|
|
16,284
|
432,829
|
|
Oceaneering International, Inc.(b)
|
|
17,287
|
329,663
|
|
Par Pacific Holdings, Inc.(b)
|
|
9,414
|
203,248
|
|
Patterson-UTI Energy, Inc.
|
|
56,393
|
311,289
|
|
Peabody Energy Corp.
|
|
19,968
|
262,779
|
|
ProPetro Holding Corp.(b)(c)
|
|
14,472
|
78,149
|
|
REX American Resources Corp.(b)
|
|
2,584
|
108,890
|
|
RPC, Inc.(c)
|
|
13,520
|
60,029
|
|
SM Energy Co.
|
|
18,843
|
441,303
|
|
Talos Energy, Inc.(b)(c)
|
|
20,090
|
161,524
|
|
Tidewater, Inc.(b)(c)
|
|
8,182
|
324,907
|
|
Vital Energy, Inc.(b)(c)
|
|
5,002
|
74,430
|
|
World Kinect Corp.
|
|
9,531
|
261,054
|
|
|
|
|
8,121,206
|
|
Financials-21.21%
|
|||
|
Ameris Bancorp
|
|
11,167
|
686,436
|
|
AMERISAFE, Inc.
|
|
2,937
|
139,419
|
|
Apollo Commercial Real Estate Finance, Inc.
|
|
19,522
|
191,901
|
|
Arbor Realty Trust, Inc.(c)
|
|
28,463
|
272,676
|
|
ARMOUR Residential REIT, Inc.(c)
|
|
8,577
|
139,033
|
|
Artisan Partners Asset Management, Inc.,
Class A
|
|
11,731
|
472,759
|
|
Assured Guaranty Ltd.
|
|
7,578
|
640,720
|
|
Atlantic Union Bankshares Corp., Class B
|
|
14,984
|
449,820
|
|
Axos Financial, Inc.(b)
|
|
8,758
|
609,031
|
|
Banc of California, Inc.
|
|
22,360
|
306,779
|
|
BancFirst Corp.
|
|
3,256
|
402,784
|
|
Bancorp, Inc. (The)(b)
|
|
7,905
|
403,946
|
|
Bank of Hawaii Corp.
|
|
6,471
|
430,386
|
|
BankUnited, Inc.
|
|
12,632
|
429,235
|
|
Banner Corp.
|
|
5,824
|
359,050
|
|
Berkshire Hills Bancorp, Inc.
|
|
7,242
|
179,312
|
|
BGC Group, Inc., Class A
|
|
64,929
|
602,541
|
|
Blackstone Mortgage Trust, Inc., Class A(c)
|
|
26,497
|
500,528
|
|
Bread Financial Holdings, Inc.
|
|
8,336
|
427,137
|
|
Brookline Bancorp, Inc.
|
|
15,118
|
156,169
|
|
Capitol Federal Financial, Inc.
|
|
19,910
|
113,686
|
|
Cathay General Bancorp
|
|
11,831
|
507,018
|
|
Central Pacific Financial Corp.
|
|
4,439
|
118,521
|
|
City Holding Co.(c)
|
|
2,291
|
270,086
|
|
Cohen & Steers, Inc.
|
|
4,646
|
356,999
|
|
Community Financial System, Inc.
|
|
8,738
|
491,425
|
|
Customers Bancorp, Inc.(b)
|
|
4,738
|
241,449
|
|
CVB Financial Corp.
|
|
21,347
|
400,256
|
|
Dime Community Bancshares, Inc., Class B
|
|
6,627
|
170,049
|
|
Donnelley Financial Solutions, Inc.(b)
|
|
4,510
|
245,705
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Eagle Bancorp, Inc.
|
|
5,096
|
$89,690
|
|
Ellington Financial, Inc.
|
|
14,833
|
186,451
|
|
Employers Holdings, Inc.
|
|
3,942
|
191,857
|
|
Encore Capital Group, Inc.(b)
|
|
4,100
|
155,390
|
|
Enova International, Inc.(b)
|
|
4,517
|
418,590
|
|
EVERTEC, Inc.
|
|
10,013
|
362,771
|
|
EZCORP, Inc., Class A(b)
|
|
7,952
|
106,954
|
|
FB Financial Corp.
|
|
5,768
|
251,773
|
|
First Bancorp
|
|
27,571
|
550,869
|
|
First Bancorp/Southern Pines NC
|
|
6,817
|
282,019
|
|
First Commonwealth Financial Corp.
|
|
16,208
|
253,169
|
|
First Financial Bancorp
|
|
15,991
|
386,343
|
|
First Hawaiian, Inc.
|
|
21,035
|
502,316
|
|
Franklin BSP Realty Trust, Inc.
|
|
12,614
|
139,132
|
|
Fulton Financial Corp.
|
|
30,646
|
528,644
|
|
Genworth Financial, Inc., Class A(b)
|
|
69,094
|
487,113
|
|
Goosehead Insurance, Inc., Class A(c)
|
|
3,838
|
415,502
|
|
HA Sustainable Infrastructure Capital, Inc.(c)
|
|
17,887
|
448,069
|
|
Hanmi Financial Corp.
|
|
4,872
|
111,666
|
|
HCI Group, Inc.(c)
|
|
1,204
|
203,199
|
|
Heritage Financial Corp.
|
|
5,561
|
130,016
|
|
Hilltop Holdings, Inc.
|
|
7,265
|
216,642
|
|
Hope Bancorp, Inc.
|
|
19,519
|
195,971
|
|
Horace Mann Educators Corp.
|
|
6,402
|
278,039
|
|
Independent Bank Corp.
|
|
7,116
|
437,634
|
|
Jackson Financial, Inc., Class A
|
|
12,756
|
1,044,844
|
|
KKR Real Estate Finance Trust, Inc.
|
|
9,439
|
84,290
|
|
Lakeland Financial Corp.
|
|
4,309
|
257,980
|
|
Lincoln National Corp.
|
|
28,738
|
952,377
|
|
Mercury General Corp.
|
|
3,919
|
252,697
|
|
Moelis & Co., Class A
|
|
12,634
|
721,528
|
|
Mr. Cooper Group, Inc.(b)
|
|
10,802
|
1,399,183
|
|
National Bank Holdings Corp., Class A
|
|
6,183
|
223,515
|
|
Navient Corp.
|
|
13,058
|
175,500
|
|
NBT Bancorp, Inc.
|
|
7,913
|
331,159
|
|
NMI Holdings, Inc., Class A(b)
|
|
12,509
|
496,858
|
|
Northwest Bancshares, Inc.
|
|
20,794
|
255,350
|
|
OFG Bancorp
|
|
7,383
|
303,737
|
|
Pacific Premier Bancorp, Inc.
|
|
16,443
|
348,592
|
|
Palomar Holdings, Inc.(b)
|
|
3,944
|
676,278
|
|
Park National Corp.
|
|
2,431
|
395,183
|
|
Pathward Financial, Inc.
|
|
4,105
|
320,395
|
|
Payoneer Global, Inc.(b)
|
|
45,524
|
310,018
|
|
PennyMac Mortgage Investment Trust
|
|
13,313
|
163,484
|
|
Piper Sandler Cos.
|
|
2,721
|
684,195
|
|
PJT Partners, Inc., Class A
|
|
4,047
|
609,721
|
|
PRA Group, Inc.(b)
|
|
6,803
|
96,535
|
|
Preferred Bank(c)
|
|
2,145
|
179,343
|
|
ProAssurance Corp.(b)
|
|
7,908
|
183,387
|
|
PROG Holdings, Inc.
|
|
6,535
|
188,404
|
|
Provident Financial Services, Inc.
|
|
21,660
|
361,722
|
|
Radian Group, Inc.
|
|
24,165
|
825,235
|
|
Ready Capital Corp.(c)
|
|
34,537
|
154,380
|
|
Redwood Trust, Inc.
|
|
21,779
|
118,696
|
|
Renasant Corp.
|
|
10,355
|
362,943
|
|
S&T Bancorp, Inc.
|
|
6,409
|
234,954
|
|
Safety Insurance Group, Inc.
|
|
2,223
|
182,597
|
|
Seacoast Banking Corp. of Florida
|
|
14,074
|
363,531
|
|
ServisFirst Bancshares, Inc.
|
|
8,494
|
632,208
|
|
Simmons First National Corp., Class A
|
|
21,167
|
397,093
|
|
SiriusPoint Ltd. (Sweden)(b)
|
|
14,726
|
288,482
|
|
Southside Bancshares, Inc.
|
|
4,506
|
127,024
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Stellar Bancorp, Inc.
|
|
7,635
|
$205,534
|
|
StepStone Group, Inc., Class A
|
|
11,110
|
642,714
|
|
Stewart Information Services Corp.
|
|
4,171
|
251,678
|
|
StoneX Group, Inc.(b)
|
|
7,127
|
603,336
|
|
Tompkins Financial Corp.
|
|
2,174
|
133,484
|
|
Triumph Financial, Inc.(b)(c)
|
|
3,790
|
218,948
|
|
Trupanion, Inc.(b)(c)
|
|
5,212
|
245,954
|
|
TrustCo Bank Corp.
|
|
3,095
|
96,069
|
|
Trustmark Corp.
|
|
10,064
|
346,805
|
|
United Community Banks, Inc.
|
|
20,412
|
586,641
|
|
United Fire Group, Inc., (Acquired
06/28/2021 - 05/23/2025;
Cost $89,856)(e)
|
|
3,388
|
96,389
|
|
Veritex Holdings, Inc.
|
|
8,841
|
213,952
|
|
Virtu Financial, Inc., Class A
|
|
12,518
|
503,098
|
|
Virtus Investment Partners, Inc.
|
|
1,077
|
183,844
|
|
WaFd, Inc.
|
|
12,999
|
369,432
|
|
Walker & Dunlop, Inc.
|
|
4,770
|
326,697
|
|
Westamerica Bancorporation
|
|
4,193
|
201,474
|
|
WisdomTree, Inc.
|
|
18,194
|
171,751
|
|
World Acceptance Corp.(b)
|
|
536
|
82,801
|
|
WSFS Financial Corp.
|
|
9,480
|
501,397
|
|
|
|
|
38,730,091
|
|
Health Care-9.71%
|
|||
|
Acadia Pharmaceuticals, Inc.(b)
|
|
21,575
|
465,373
|
|
AdaptHealth Corp.(b)
|
|
19,021
|
170,809
|
|
Addus HomeCare Corp.(b)
|
|
2,766
|
306,777
|
|
ADMA Biologics, Inc.(b)
|
|
31,863
|
632,162
|
|
Alkermes PLC(b)
|
|
25,293
|
774,219
|
|
AMN Healthcare Services, Inc.(b)
|
|
5,879
|
124,106
|
|
ANI Pharmaceuticals, Inc.(b)
|
|
2,434
|
142,924
|
|
Arcus Biosciences, Inc.(b)(c)
|
|
11,326
|
101,141
|
|
Artivion, Inc.(b)
|
|
6,498
|
192,211
|
|
Astrana Health, Inc.(b)(c)
|
|
5,332
|
132,180
|
|
Avanos Medical, Inc.(b)
|
|
7,103
|
89,285
|
|
Azenta, Inc.(b)(c)
|
|
7,802
|
208,469
|
|
BioLife Solutions, Inc.(b)
|
|
4,956
|
108,437
|
|
Catalyst Pharmaceuticals, Inc.(b)
|
|
18,451
|
460,537
|
|
Certara, Inc.(b)(c)
|
|
17,857
|
202,855
|
|
Collegium Pharmaceutical, Inc.(b)
|
|
4,740
|
138,124
|
|
Concentra Group Holdings Parent, Inc.
|
|
17,771
|
384,387
|
|
CONMED Corp.
|
|
4,635
|
263,036
|
|
Corcept Therapeutics, Inc.(b)(c)
|
|
15,568
|
1,207,454
|
|
CorVel Corp.(b)
|
|
4,334
|
482,244
|
|
Cytek Biosciences, Inc.(b)(c)
|
|
16,976
|
47,024
|
|
Dynavax Technologies Corp.(b)(c)
|
|
18,396
|
180,097
|
|
Enovis Corp.(b)
|
|
8,900
|
278,570
|
|
Fortrea Holdings, Inc.(b)
|
|
18,777
|
80,741
|
|
Glaukos Corp.(b)
|
|
9,734
|
917,819
|
|
Harmony Biosciences Holdings, Inc.(b)
|
|
5,772
|
199,134
|
|
HealthStream, Inc.
|
|
3,882
|
108,774
|
|
ICU Medical, Inc.(b)
|
|
3,793
|
511,524
|
|
Innoviva, Inc.(b)(c)
|
|
8,502
|
166,384
|
|
Integer Holdings Corp.(b)(c)
|
|
5,223
|
620,283
|
|
Integra LifeSciences Holdings Corp.(b)(c)
|
|
10,383
|
131,449
|
|
Krystal Biotech, Inc.(b)(c)
|
|
3,874
|
487,969
|
|
LeMaitre Vascular, Inc.
|
|
3,457
|
284,165
|
|
Ligand Pharmaceuticals, Inc.(b)
|
|
3,203
|
327,315
|
|
Merit Medical Systems, Inc.(b)
|
|
9,192
|
873,516
|
|
Mesa Laboratories, Inc.
|
|
919
|
92,470
|
|
Myriad Genetics, Inc.(b)
|
|
14,068
|
58,945
|
|
National HealthCare Corp.
|
|
1,842
|
191,826
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
NeoGenomics, Inc.(b)(c)
|
|
18,794
|
$136,820
|
|
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(c)(f)
|
|
762
|
0
|
|
OmniAb Operations, Inc., Rts., expiring
11/02/2027(b)(f)
|
|
762
|
0
|
|
Omnicell, Inc.(b)
|
|
7,928
|
240,773
|
|
Organon & Co.(c)
|
|
38,380
|
353,864
|
|
Owens & Minor, Inc.(b)
|
|
11,029
|
72,791
|
|
Pacira BioSciences, Inc.(b)
|
|
7,553
|
195,170
|
|
Pediatrix Medical Group, Inc.(b)
|
|
13,446
|
190,261
|
|
Phibro Animal Health Corp., Class A
|
|
3,175
|
77,533
|
|
Premier, Inc., Class A
|
|
14,458
|
332,245
|
|
Prestige Consumer Healthcare, Inc.(b)
|
|
7,694
|
659,145
|
|
Privia Health Group, Inc.(b)
|
|
16,085
|
366,095
|
|
Protagonist Therapeutics, Inc.(b)
|
|
5,826
|
276,560
|
|
RadNet, Inc.(b)(c)
|
|
11,551
|
664,067
|
|
Select Medical Holdings Corp.
|
|
16,971
|
259,487
|
|
STAAR Surgical Co., (Acquired 06/21/2024 -
05/23/2025; Cost $277,231)(b)(c)(e)
|
|
7,183
|
127,929
|
|
Supernus Pharmaceuticals, Inc.(b)
|
|
8,457
|
268,087
|
|
Tandem Diabetes Care, Inc.(b)
|
|
11,615
|
230,209
|
|
TG Therapeutics, Inc.(b)(c)
|
|
16,431
|
576,892
|
|
U.S. Physical Therapy, Inc.
|
|
2,365
|
177,351
|
|
UFP Technologies, Inc.(b)(c)
|
|
1,188
|
278,230
|
|
Xencor, Inc.(b)(c)
|
|
12,275
|
98,200
|
|
|
|
|
17,726,444
|
|
Industrials-19.59%
|
|||
|
AAR Corp.(b)
|
|
5,190
|
318,718
|
|
ABM Industries, Inc.
|
|
11,238
|
591,681
|
|
AeroVironment, Inc.(b)(c)
|
|
5,252
|
935,014
|
|
Air Lease Corp., Class A
|
|
17,029
|
981,041
|
|
Alamo Group, Inc.
|
|
1,488
|
294,684
|
|
Albany International Corp., Class A
|
|
4,933
|
325,923
|
|
Allegiant Travel Co.(c)
|
|
2,925
|
162,571
|
|
Amentum Holdings, Inc.(b)
|
|
19,836
|
409,812
|
|
American Woodmark Corp.(b)
|
|
2,467
|
139,065
|
|
Apogee Enterprises, Inc.
|
|
3,333
|
128,820
|
|
ArcBest Corp.
|
|
3,792
|
237,720
|
|
Arcosa, Inc.
|
|
7,713
|
665,400
|
|
Armstrong World Industries, Inc.
|
|
7,186
|
1,118,357
|
|
Astec Industries, Inc.
|
|
3,435
|
134,961
|
|
AZZ, Inc.
|
|
4,924
|
446,558
|
|
Boise Cascade Co.
|
|
6,077
|
527,970
|
|
Brady Corp., Class A
|
|
6,863
|
478,832
|
|
CoreCivic, Inc.(b)
|
|
15,438
|
339,018
|
|
CSG Systems International, Inc.
|
|
4,416
|
291,721
|
|
CSW Industrials, Inc.
|
|
2,689
|
822,269
|
|
Deluxe Corp.
|
|
6,895
|
98,392
|
|
DNOW, Inc.(b)
|
|
17,183
|
247,779
|
|
DXP Enterprises, Inc.(b)
|
|
2,014
|
166,518
|
|
Dycom Industries, Inc.(b)
|
|
4,856
|
1,116,492
|
|
Enerpac Tool Group Corp.
|
|
8,535
|
365,981
|
|
Enpro, Inc.
|
|
3,387
|
627,069
|
|
Enviri Corp.(b)
|
|
12,457
|
101,525
|
|
ESCO Technologies, Inc.
|
|
4,085
|
740,365
|
|
Everus Construction Group, Inc.(b)(c)
|
|
8,208
|
475,325
|
|
Federal Signal Corp.(c)
|
|
9,589
|
902,037
|
|
Franklin Electric Co., Inc.
|
|
6,035
|
521,364
|
|
Gates Industrial Corp. PLC(b)
|
|
38,777
|
820,134
|
|
GEO Group, Inc. (The)(b)
|
|
21,869
|
593,525
|
|
Gibraltar Industries, Inc.(b)
|
|
4,667
|
273,393
|
|
GMS, Inc.(b)
|
|
6,659
|
504,286
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Granite Construction, Inc.
|
|
7,458
|
$667,118
|
|
Greenbrier Cos., Inc. (The)
|
|
4,822
|
217,328
|
|
Griffon Corp.
|
|
6,235
|
428,656
|
|
Hayward Holdings, Inc.(b)
|
|
22,016
|
307,123
|
|
Healthcare Services Group, Inc.(b)
|
|
10,662
|
150,334
|
|
Heartland Express, Inc.
|
|
7,344
|
65,729
|
|
Heidrick & Struggles International, Inc.
|
|
2,881
|
125,784
|
|
Hillenbrand, Inc.
|
|
12,015
|
234,773
|
|
HNI Corp.
|
|
7,588
|
353,070
|
|
Hub Group, Inc., Class A
|
|
10,100
|
340,471
|
|
Insteel Industries, Inc.
|
|
3,115
|
109,087
|
|
Interface, Inc.
|
|
9,398
|
188,806
|
|
JBT Marel Corp.
|
|
7,517
|
863,027
|
|
JetBlue Airways Corp.(b)(c)
|
|
52,638
|
265,822
|
|
Kadant, Inc.(c)
|
|
1,914
|
600,824
|
|
Kennametal, Inc.
|
|
12,246
|
263,656
|
|
Korn Ferry
|
|
7,701
|
523,745
|
|
Lindsay Corp.
|
|
1,681
|
234,331
|
|
Liquidity Services, Inc.(b)(c)
|
|
3,768
|
88,058
|
|
Marten Transport Ltd.
|
|
9,262
|
120,776
|
|
MasterBrand, Inc.(b)
|
|
19,821
|
202,174
|
|
Matson, Inc.
|
|
5,475
|
617,854
|
|
Matthews International Corp., Class A
|
|
5,424
|
116,345
|
|
Mercury Systems, Inc.(b)
|
|
8,017
|
394,837
|
|
MillerKnoll, Inc.
|
|
11,303
|
190,682
|
|
Moog, Inc., Class A
|
|
4,305
|
797,760
|
|
MYR Group, Inc.(b)
|
|
2,607
|
408,908
|
|
National Presto Industries, Inc.
|
|
879
|
75,286
|
|
OPENLANE, Inc.(b)(c)
|
|
17,182
|
393,983
|
|
Pitney Bowes, Inc.
|
|
27,393
|
282,148
|
|
Powell Industries, Inc.
|
|
1,423
|
241,327
|
|
Proto Labs, Inc.(b)
|
|
3,942
|
145,775
|
|
Pursuit Attractions and Hospitality, Inc.(b)
|
|
3,233
|
90,168
|
|
Quanex Building Products Corp.(c)
|
|
7,287
|
121,912
|
|
Resideo Technologies, Inc.(b)
|
|
24,453
|
506,177
|
|
Robert Half, Inc.(c)
|
|
17,190
|
787,130
|
|
Rush Enterprises, Inc., Class A
|
|
10,088
|
500,869
|
|
RXO, Inc.(b)(c)
|
|
24,137
|
374,848
|
|
Schneider National, Inc., Class B
|
|
8,020
|
185,823
|
|
SkyWest, Inc.(b)
|
|
7,256
|
736,121
|
|
SPX Technologies, Inc.(b)
|
|
7,651
|
1,163,641
|
|
Standex International Corp.
|
|
1,857
|
280,296
|
|
Sun Country Airlines Holdings, Inc.(b)
|
|
7,371
|
85,356
|
|
Sunrun, Inc.(b)(c)
|
|
37,115
|
277,991
|
|
Tennant Co.
|
|
2,967
|
220,804
|
|
Titan International, Inc.(b)
|
|
7,181
|
51,990
|
|
Trinity Industries, Inc.
|
|
13,202
|
339,819
|
|
Triumph Group, Inc.(b)
|
|
11,643
|
300,273
|
|
UniFirst Corp.
|
|
2,378
|
448,396
|
|
Verra Mobility Corp., Class A(b)
|
|
29,082
|
687,789
|
|
Vestis Corp.
|
|
18,593
|
114,533
|
|
Vicor Corp.(b)(c)
|
|
4,105
|
179,142
|
|
Werner Enterprises, Inc.(c)
|
|
10,085
|
261,706
|
|
Worthington Enterprises, Inc.
|
|
4,985
|
293,666
|
|
Zurn Elkay Water Solutions Corp.
|
|
23,435
|
848,113
|
|
|
|
|
35,776,480
|
|
Information Technology-11.31%
|
|||
|
A10 Networks, Inc.
|
|
11,766
|
203,081
|
|
ACI Worldwide, Inc.(b)
|
|
17,700
|
818,802
|
|
Adeia, Inc.
|
|
18,381
|
236,012
|
|
Advanced Energy Industries, Inc.
|
|
6,192
|
710,718
|
|
Agilysys, Inc.(b)(c)
|
|
3,778
|
400,128
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Alarm.com Holdings, Inc.(b)
|
|
7,319
|
$420,111
|
|
Alpha & Omega Semiconductor Ltd.(b)
|
|
4,124
|
87,511
|
|
Axcelis Technologies, Inc.(b)(c)
|
|
4,494
|
253,192
|
|
Badger Meter, Inc.
|
|
4,756
|
1,180,534
|
|
Benchmark Electronics, Inc.
|
|
5,589
|
204,110
|
|
BlackLine, Inc.(b)(c)
|
|
7,793
|
435,862
|
|
Calix, Inc.(b)
|
|
10,096
|
466,839
|
|
CEVA, Inc.(b)(c)
|
|
3,997
|
74,984
|
|
Clear Secure, Inc., Class A
|
|
13,357
|
330,586
|
|
Cohu, Inc.(b)
|
|
8,316
|
141,954
|
|
Corsair Gaming, Inc.(b)(c)
|
|
6,887
|
60,537
|
|
CTS Corp.
|
|
4,743
|
192,993
|
|
Digi International, Inc.(b)(c)
|
|
5,760
|
186,682
|
|
Diodes, Inc.(b)(c)
|
|
7,254
|
322,078
|
|
DXC Technology Co.(b)
|
|
29,208
|
443,962
|
|
ePlus, Inc.(b)
|
|
4,043
|
288,549
|
|
FormFactor, Inc.(b)
|
|
12,595
|
375,961
|
|
Grid Dynamics Holdings, Inc.(b)
|
|
10,418
|
130,538
|
|
Harmonic, Inc.(b)
|
|
18,023
|
162,567
|
|
Ichor Holdings Ltd.(b)
|
|
5,885
|
92,865
|
|
Insight Enterprises, Inc.(b)
|
|
4,150
|
541,118
|
|
InterDigital, Inc.(c)
|
|
3,879
|
842,751
|
|
Itron, Inc.(b)
|
|
7,254
|
838,562
|
|
Knowles Corp.(b)
|
|
13,504
|
221,601
|
|
Kulicke & Soffa Industries, Inc. (Singapore)
|
|
8,558
|
275,140
|
|
LiveRamp Holdings, Inc.(b)
|
|
10,996
|
358,250
|
|
MARA Holdings, Inc.(b)(c)
|
|
52,026
|
734,607
|
|
MaxLinear, Inc.(b)
|
|
13,272
|
151,168
|
|
NCR Voyix Corp.(b)(c)
|
|
25,741
|
285,468
|
|
NetScout Systems, Inc.(b)
|
|
11,554
|
263,893
|
|
OSI Systems, Inc.(b)(c)
|
|
2,646
|
579,765
|
|
PC Connection, Inc.
|
|
1,949
|
127,465
|
|
Penguin Solutions, Inc.(b)(c)
|
|
9,484
|
168,436
|
|
Photronics, Inc.(b)
|
|
9,503
|
158,795
|
|
Plexus Corp.(b)
|
|
4,406
|
578,332
|
|
Qorvo, Inc.(b)
|
|
15,067
|
1,145,393
|
|
Rogers Corp.(b)
|
|
2,735
|
182,069
|
|
Sandisk Corp.(b)
|
|
16,177
|
609,711
|
|
Sanmina Corp.(b)
|
|
9,106
|
771,187
|
|
ScanSource, Inc.(b)
|
|
3,469
|
140,078
|
|
Semtech Corp.(b)
|
|
14,268
|
532,624
|
|
SiTime Corp.(b)
|
|
2,645
|
518,605
|
|
SPS Commerce, Inc.(b)
|
|
5,989
|
843,012
|
|
TTM Technologies, Inc.(b)
|
|
16,747
|
500,065
|
|
Ultra Clean Holdings, Inc.(b)
|
|
6,761
|
130,961
|
|
Veeco Instruments, Inc.(b)(c)
|
|
8,899
|
171,840
|
|
Viasat, Inc.(b)(c)
|
|
11,813
|
103,127
|
|
Viavi Solutions, Inc.(b)
|
|
34,554
|
314,787
|
|
Vishay Intertechnology, Inc.
|
|
17,401
|
244,832
|
|
Xerox Holdings Corp.(c)
|
|
19,097
|
93,384
|
|
|
|
|
20,648,182
|
|
Materials-3.71%
|
|||
|
AdvanSix, Inc.
|
|
4,715
|
110,850
|
|
Alpha Metallurgical Resources, Inc.(b)(c)
|
|
1,734
|
194,277
|
|
Balchem Corp.
|
|
5,138
|
856,505
|
|
Century Aluminum Co.(b)
|
|
7,709
|
119,412
|
|
H.B. Fuller Co.
|
|
8,621
|
481,224
|
|
Hawkins, Inc.
|
|
2,857
|
381,381
|
|
Innospec, Inc.
|
|
3,960
|
336,917
|
|
Kaiser Aluminum Corp.
|
|
2,523
|
183,145
|
|
Koppers Holdings, Inc.
|
|
2,990
|
91,853
|
|
Materion Corp.
|
|
3,379
|
261,636
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Metallus, Inc.(b)(c)
|
|
6,151
|
$77,687
|
|
Minerals Technologies, Inc.
|
|
4,901
|
278,279
|
|
MP Materials Corp.(b)(c)
|
|
17,861
|
389,191
|
|
O-I Glass, Inc.(b)
|
|
22,827
|
299,262
|
|
Quaker Chemical Corp.
|
|
2,192
|
237,700
|
|
Sealed Air Corp.
|
|
25,219
|
812,052
|
|
Sensient Technologies Corp.
|
|
6,046
|
571,528
|
|
Stepan Co.
|
|
3,450
|
187,300
|
|
SunCoke Energy, Inc.
|
|
12,580
|
102,401
|
|
Sylvamo Corp.
|
|
5,712
|
302,565
|
|
Warrior Met Coal, Inc.(c)
|
|
7,898
|
358,964
|
|
Worthington Steel, Inc.
|
|
5,404
|
134,560
|
|
|
|
|
6,768,689
|
|
Real Estate-7.82%
|
|||
|
Acadia Realty Trust
|
|
19,161
|
369,041
|
|
Alexander & Baldwin, Inc.
|
|
11,005
|
197,100
|
|
American Assets Trust, Inc.
|
|
7,833
|
156,190
|
|
Apple Hospitality REIT, Inc.
|
|
36,322
|
420,972
|
|
Armada Hoffler Properties, Inc.
|
|
12,607
|
87,745
|
|
CareTrust REIT, Inc.
|
|
27,311
|
785,464
|
|
Centerspace
|
|
2,548
|
162,435
|
|
Curbline Properties Corp.
|
|
14,432
|
327,462
|
|
Cushman & Wakefield PLC(b)
|
|
36,395
|
365,042
|
|
DiamondRock Hospitality Co.
|
|
33,571
|
256,483
|
|
Douglas Emmett, Inc.(c)
|
|
27,042
|
384,808
|
|
Easterly Government Properties, Inc.
|
|
6,484
|
140,897
|
|
Elme Communities
|
|
13,473
|
216,376
|
|
Essential Properties Realty Trust, Inc.
|
|
28,288
|
919,360
|
|
eXp World Holdings, Inc.(c)
|
|
13,404
|
114,202
|
|
Four Corners Property Trust, Inc.(c)
|
|
15,063
|
415,889
|
|
Getty Realty Corp.(c)
|
|
7,803
|
228,316
|
|
Global Net Lease, Inc.
|
|
30,338
|
235,423
|
|
Highwoods Properties, Inc.
|
|
16,246
|
482,506
|
|
Innovative Industrial Properties, Inc.
|
|
4,327
|
238,937
|
|
JBG SMITH Properties, (Acquired
06/16/2023 - 05/23/2025;
Cost $203,088)(c)(e)
|
|
13,335
|
228,029
|
|
LTC Properties, Inc.(c)
|
|
6,712
|
237,538
|
|
LXP Industrial Trust(c)
|
|
43,380
|
372,200
|
|
Macerich Co. (The)
|
|
39,750
|
643,155
|
|
Marcus & Millichap, Inc.
|
|
4,225
|
121,722
|
|
Medical Properties Trust, Inc.(c)
|
|
88,961
|
406,552
|
|
Millrose Properties, Inc.(b)
|
|
19,617
|
546,726
|
|
NexPoint Residential Trust, Inc.
|
|
3,635
|
123,590
|
|
Outfront Media, Inc.
|
|
23,033
|
380,505
|
|
Pebblebrook Hotel Trust(c)
|
|
19,930
|
182,957
|
|
Phillips Edison & Co., Inc.
|
|
19,861
|
704,271
|
|
Safehold, Inc.
|
|
6,792
|
102,355
|
|
SITE Centers Corp.
|
|
7,571
|
90,246
|
|
SL Green Realty Corp.
|
|
12,067
|
685,044
|
|
St. Joe Co. (The)
|
|
6,108
|
273,089
|
|
Summit Hotel Properties, Inc.
|
|
18,164
|
79,558
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Sunstone Hotel Investors, Inc.
|
|
31,820
|
$285,107
|
|
Tanger, Inc.
|
|
17,991
|
536,132
|
|
Terreno Realty Corp.
|
|
15,381
|
867,796
|
|
Universal Health Realty Income Trust
|
|
1,869
|
74,218
|
|
Urban Edge Properties
|
|
20,460
|
371,554
|
|
Veris Residential, Inc.
|
|
12,750
|
193,800
|
|
Whitestone REIT
|
|
6,347
|
78,195
|
|
Xenia Hotels & Resorts, Inc.
|
|
16,054
|
196,340
|
|
|
|
|
14,285,327
|
|
Utilities-2.47%
|
|||
|
American States Water Co.
|
|
5,593
|
441,120
|
|
Avista Corp.
|
|
12,224
|
470,746
|
|
California Water Service Group
|
|
8,744
|
413,154
|
|
Chesapeake Utilities Corp.
|
|
3,440
|
420,333
|
|
Clearway Energy, Inc., Class C
|
|
16,511
|
508,043
|
|
MDU Resources Group, Inc.
|
|
31,594
|
543,101
|
|
MGE Energy, Inc.
|
|
5,478
|
494,773
|
|
Middlesex Water Co.
|
|
2,208
|
127,954
|
|
Northwest Natural Holding Co.
|
|
6,005
|
246,025
|
|
Otter Tail Corp.
|
|
6,209
|
479,211
|
|
SJW Group
|
|
4,523
|
237,367
|
|
Unitil Corp.
|
|
2,498
|
136,965
|
|
|
|
|
4,518,792
|
|
Total Common Stocks & Other Equity Interests
(Cost $166,004,233)
|
182,363,516
|
||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(g)(h)
(Cost $88,536)
|
|
88,536
|
88,536
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.92%
(Cost $166,092,769)
|
182,452,052
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-15.78%
|
|||
|
Invesco Private Government Fund,
4.29%(g)(h)(i)
|
|
7,992,245
|
7,992,245
|
|
Invesco Private Prime Fund, 4.45%(g)(h)(i)
|
|
20,827,455
|
20,831,620
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $28,824,199)
|
28,823,865
|
||
|
TOTAL INVESTMENTS IN SECURITIES-115.70%
(Cost $194,916,968)
|
211,275,917
|
||
|
OTHER ASSETS LESS LIABILITIES-(15.70)%
|
(28,672,213
)
|
||
|
NET ASSETS-100.00%
|
$182,603,704
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Rts.
|
-Rights
|
|
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)
|
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 May 31, 2025
represented less than 1% of the Fund’s Net Assets.
|
|
(e)
|
Restricted security. The aggregate value of these securities at May 31, 2025 was $452,347, which represented less than 1% of the Fund’s Net Assets.
|
|
(f)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(g)
|
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
|
$-
|
$3,745,670
|
$(3,657,134
)
|
$-
|
$-
|
$88,536
|
$2,689
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
9,631,261
|
51,238,128
|
(52,877,144
)
|
-
|
-
|
7,992,245
|
359,531
*
|
|
Invesco Private Prime Fund
|
26,508,539
|
112,682,734
|
(118,353,549
)
|
(2,686
)
|
(3,418
)
|
20,831,620
|
961,441
*
|
|
Total
|
$36,139,800
|
$167,666,532
|
$(174,887,827
)
|
$(2,686
)
|
$(3,418
)
|
$28,912,401
|
$1,323,661
|
|
*
|
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.
|
|
(h)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
|
|
(i)
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.79%
|
|||
|
Communication Services-1.24%
|
|||
|
Yelp, Inc.(b)
|
|
780
|
$29,772
|
|
Consumer Discretionary-18.09%
|
|||
|
Asbury Automotive Group, Inc.(b)
|
|
117
|
26,666
|
|
Boot Barn Holdings, Inc.(b)(c)
|
|
196
|
31,421
|
|
Caleres, Inc.
|
|
895
|
12,038
|
|
Cavco Industries, Inc.(b)
|
|
56
|
24,281
|
|
Dorman Products, Inc.(b)
|
|
188
|
24,310
|
|
G-III Apparel Group Ltd.(b)
|
|
906
|
26,319
|
|
Green Brick Partners, Inc.(b)
|
|
488
|
28,524
|
|
Group 1 Automotive, Inc.
|
|
82
|
34,762
|
|
Guess?, Inc.
|
|
2,012
|
21,086
|
|
Installed Building Products, Inc.(c)
|
|
138
|
22,008
|
|
Monarch Casino & Resort, Inc.
|
|
464
|
38,855
|
|
Shoe Carnival, Inc.(c)
|
|
647
|
12,435
|
|
Signet Jewelers Ltd.(c)
|
|
435
|
28,958
|
|
Steven Madden Ltd.
|
|
854
|
21,051
|
|
Urban Outfitters, Inc.(b)
|
|
714
|
49,909
|
|
XPEL, Inc.(b)(d)
|
|
855
|
30,754
|
|
|
|
|
433,377
|
|
Consumer Staples-5.02%
|
|||
|
Cal-Maine Foods, Inc.(c)
|
|
369
|
35,398
|
|
Interparfums, Inc.(c)
|
|
285
|
38,823
|
|
MGP Ingredients, Inc.(c)
|
|
562
|
16,534
|
|
Tootsie Roll Industries, Inc.(c)
|
|
829
|
29,554
|
|
|
|
|
120,309
|
|
Energy-14.50%
|
|||
|
Cactus, Inc., Class A
|
|
578
|
23,698
|
|
Core Natural Resources, Inc.
|
|
392
|
27,166
|
|
Dorian LPG Ltd.
|
|
1,505
|
32,222
|
|
Helmerich & Payne, Inc.(c)
|
|
1,125
|
17,156
|
|
Liberty Energy, Inc., Class A
|
|
2,097
|
24,304
|
|
Magnolia Oil & Gas Corp., Class A(c)
|
|
1,202
|
25,843
|
|
Northern Oil and Gas, Inc.(c)
|
|
997
|
26,500
|
|
Par Pacific Holdings, Inc.(b)
|
|
2,266
|
48,923
|
|
REX American Resources Corp.(b)
|
|
1,154
|
48,630
|
|
RPC, Inc.(c)
|
|
6,516
|
28,931
|
|
SM Energy Co.
|
|
797
|
18,666
|
|
Tidewater, Inc.(b)(c)
|
|
637
|
25,295
|
|
|
|
|
347,334
|
|
Financials-22.39%
|
|||
|
Assured Guaranty Ltd.
|
|
251
|
21,222
|
|
Axos Financial, Inc.(b)
|
|
346
|
24,061
|
|
BancFirst Corp.
|
|
192
|
23,751
|
|
Bancorp, Inc. (The)(b)(c)
|
|
501
|
25,601
|
|
Bread Financial Holdings, Inc.
|
|
370
|
18,959
|
|
Cathay General Bancorp
|
|
474
|
20,313
|
|
Customers Bancorp, Inc.(b)(c)
|
|
487
|
24,818
|
|
First Bancorp
|
|
1,660
|
33,167
|
|
First Commonwealth Financial Corp.(c)
|
|
1,237
|
19,322
|
|
HCI Group, Inc.
|
|
246
|
41,517
|
|
OFG Bancorp
|
|
594
|
24,437
|
|
Palomar Holdings, Inc.(b)
|
|
413
|
70,817
|
|
Pathward Financial, Inc.
|
|
327
|
25,522
|
|
Preferred Bank(c)
|
|
327
|
27,341
|
|
PROG Holdings, Inc.
|
|
555
|
16,001
|
|
S&T Bancorp, Inc.
|
|
832
|
30,501
|
|
SiriusPoint Ltd. (Sweden)(b)
|
|
1,600
|
31,344
|
|
Virtus Investment Partners, Inc.
|
|
92
|
15,704
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Westamerica Bancorporation
|
|
440
|
$21,142
|
|
WSFS Financial Corp.
|
|
391
|
20,680
|
|
|
|
|
536,220
|
|
Health Care-10.85%
|
|||
|
Alkermes PLC(b)
|
|
915
|
28,008
|
|
Amphastar Pharmaceuticals, Inc.(b)(c)
|
|
922
|
23,705
|
|
Catalyst Pharmaceuticals, Inc.(b)
|
|
1,926
|
48,073
|
|
Collegium Pharmaceutical, Inc.(b)(c)
|
|
930
|
27,100
|
|
CorVel Corp.(b)
|
|
193
|
21,475
|
|
Harmony Biosciences Holdings, Inc.(b)
|
|
812
|
28,014
|
|
Progyny, Inc.(b)
|
|
2,560
|
55,040
|
|
UFP Technologies, Inc.(b)(c)
|
|
121
|
28,338
|
|
|
|
|
259,753
|
|
Industrials-13.74%
|
|||
|
Alamo Group, Inc.
|
|
117
|
23,171
|
|
Apogee Enterprises, Inc.
|
|
351
|
13,566
|
|
ArcBest Corp.
|
|
238
|
14,920
|
|
Armstrong World Industries, Inc.
|
|
171
|
26,613
|
|
DNOW, Inc.(b)
|
|
1,593
|
22,971
|
|
Dycom Industries, Inc.(b)
|
|
157
|
36,098
|
|
Federal Signal Corp.
|
|
234
|
22,012
|
|
Franklin Electric Co., Inc.
|
|
239
|
20,647
|
|
GMS, Inc.(b)
|
|
307
|
23,249
|
|
Heidrick & Struggles International, Inc.
|
|
593
|
25,890
|
|
Liquidity Services, Inc.(b)
|
|
1,278
|
29,867
|
|
Matson, Inc.
|
|
170
|
19,185
|
|
Powell Industries, Inc.
|
|
165
|
27,982
|
|
Rush Enterprises, Inc., Class A
|
|
462
|
22,938
|
|
|
|
|
329,109
|
|
Information Technology-6.24%
|
|||
|
Agilysys, Inc.(b)(c)
|
|
220
|
23,300
|
|
Axcelis Technologies, Inc.(b)(c)
|
|
537
|
30,255
|
|
Badger Meter, Inc.
|
|
107
|
26,559
|
|
Harmonic, Inc.(b)
|
|
1,908
|
17,210
|
|
InterDigital, Inc.(c)
|
|
165
|
35,848
|
|
Photronics, Inc.(b)(c)
|
|
974
|
16,276
|
|
|
|
|
149,448
|
|
Materials-5.78%
|
|||
|
Alpha Metallurgical Resources, Inc.(b)
|
|
209
|
23,417
|
|
Hawkins, Inc.
|
|
176
|
23,494
|
|
Innospec, Inc.
|
|
252
|
21,440
|
|
SunCoke Energy, Inc.
|
|
2,938
|
23,915
|
|
Sylvamo Corp.
|
|
274
|
14,514
|
|
Warrior Met Coal, Inc.(c)
|
|
695
|
31,588
|
|
|
|
|
138,368
|
|
Real Estate-0.92%
|
|||
|
SITE Centers Corp.
|
|
1,840
|
21,933
|
|
Utilities-1.02%
|
|||
|
Otter Tail Corp.
|
|
317
|
24,466
|
|
Total Common Stocks & Other Equity Interests
(Cost $2,525,837)
|
2,390,089
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.15%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(e)(f)
(Cost $3,663)
|
|
3,663
|
$3,663
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.94%
(Cost $2,529,500)
|
2,393,752
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-25.09%
|
|||
|
Invesco Private Government Fund, 4.29%(e)(f)(g)
|
|
167,744
|
167,744
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 4.45%(e)(f)(g)
|
|
433,164
|
$433,251
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $600,995)
|
600,995
|
||
|
TOTAL INVESTMENTS IN SECURITIES-125.03%
(Cost $3,130,495)
|
2,994,747
|
||
|
OTHER ASSETS LESS LIABILITIES-(25.03)%
|
(599,578
)
|
||
|
NET ASSETS-100.00%
|
$2,395,169
|
||
|
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)
|
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 May 31, 2025
represented 1.28% of the Fund’s Net Assets.
|
|
(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
|
$1,091
|
$23,107
|
$(20,535
)
|
$-
|
$-
|
$3,663
|
$25
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
90,879
|
2,041,974
|
(1,965,109
)
|
-
|
-
|
167,744
|
4,847
*
|
|
Invesco Private Prime Fund
|
236,641
|
3,741,872
|
(3,545,201
)
|
(16
)
|
(45
)
|
433,251
|
12,964
*
|
|
Total
|
$328,611
|
$5,806,953
|
$(5,530,845
)
|
$(16
)
|
$(45
)
|
$604,658
|
$17,836
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.71%
|
|||
|
Communication Services-3.35%
|
|||
|
Cogent Communications Holdings, Inc.
|
|
18,845
|
$861,405
|
|
John Wiley & Sons, Inc., Class A(b)
|
|
21,535
|
842,449
|
|
TEGNA, Inc.
|
|
41,088
|
686,991
|
|
|
|
|
2,390,845
|
|
Consumer Discretionary-6.90%
|
|||
|
Carter’s, Inc.
|
|
30,563
|
958,761
|
|
Ethan Allen Interiors, Inc.(b)
|
|
53,140
|
1,388,548
|
|
Papa John’s International, Inc.(b)
|
|
32,212
|
1,457,593
|
|
Upbound Group, Inc.
|
|
48,735
|
1,117,981
|
|
|
|
|
4,922,883
|
|
Consumer Staples-9.11%
|
|||
|
Cal-Maine Foods, Inc.
|
|
7,429
|
712,664
|
|
Energizer Holdings, Inc.(b)
|
|
28,030
|
652,819
|
|
Fresh Del Monte Produce, Inc.
|
|
26,945
|
951,697
|
|
Interparfums, Inc.(b)
|
|
4,510
|
614,352
|
|
SpartanNash Co.
|
|
74,268
|
1,445,255
|
|
Universal Corp.(b)
|
|
32,448
|
2,121,775
|
|
|
|
|
6,498,562
|
|
Energy-4.46%
|
|||
|
Archrock, Inc.
|
|
25,406
|
632,610
|
|
California Resources Corp.
|
|
14,359
|
634,237
|
|
Helmerich & Payne, Inc.
|
|
25,239
|
384,895
|
|
Northern Oil and Gas, Inc.(b)
|
|
32,585
|
866,109
|
|
World Kinect Corp.(b)
|
|
24,083
|
659,633
|
|
|
|
|
3,177,484
|
|
Financials-25.06%
|
|||
|
Apollo Commercial Real Estate Finance,
Inc.(b)
|
|
221,452
|
2,176,873
|
|
Arbor Realty Trust, Inc.(b)
|
|
132,314
|
1,267,568
|
|
ARMOUR Residential REIT, Inc.(b)
|
|
117,719
|
1,908,225
|
|
Blackstone Mortgage Trust, Inc., Class A(b)
|
|
100,472
|
1,897,916
|
|
Ellington Financial, Inc.
|
|
150,478
|
1,891,509
|
|
Franklin BSP Realty Trust, Inc.(b)
|
|
129,864
|
1,432,400
|
|
New York Mortgage Trust, Inc.(b)
|
|
318,273
|
2,078,323
|
|
PennyMac Mortgage Investment Trust
|
|
143,776
|
1,765,569
|
|
Ready Capital Corp.(b)
|
|
337,869
|
1,510,274
|
|
Two Harbors Investment Corp.(b)
|
|
183,696
|
1,945,341
|
|
|
|
|
17,873,998
|
|
Health Care-3.37%
|
|||
|
National HealthCare Corp.
|
|
6,559
|
683,054
|
|
Premier, Inc., Class A
|
|
49,598
|
1,139,762
|
|
Select Medical Holdings Corp.
|
|
37,805
|
578,039
|
|
|
|
|
2,400,855
|
|
Industrials-6.17%
|
|||
|
CSG Systems International, Inc.(b)
|
|
12,039
|
795,296
|
|
Deluxe Corp.
|
|
67,378
|
961,484
|
|
HNI Corp.
|
|
14,420
|
670,963
|
|
Kennametal, Inc.(b)
|
|
39,002
|
839,713
|
|
Robert Half, Inc.(b)
|
|
12,047
|
551,632
|
|
Trinity Industries, Inc.
|
|
22,677
|
583,706
|
|
|
|
|
4,402,794
|
|
Information Technology-0.77%
|
|||
|
Vishay Intertechnology, Inc.(b)
|
|
39,260
|
552,388
|
|
|
Shares
|
Value
|
|
|
Materials-3.42%
|
|||
|
AdvanSix, Inc.
|
|
19,920
|
$468,319
|
|
Sealed Air Corp.
|
|
18,708
|
602,398
|
|
Sensient Technologies Corp.
|
|
8,503
|
803,788
|
|
Stepan Co.
|
|
10,399
|
564,562
|
|
|
|
|
2,439,067
|
|
Real Estate-21.91%
|
|||
|
Armada Hoffler Properties, Inc.(b)
|
|
228,158
|
1,587,980
|
|
Brandywine Realty Trust(b)
|
|
434,859
|
1,839,454
|
|
Easterly Government Properties, Inc.(b)
|
|
80,857
|
1,757,023
|
|
Global Net Lease, Inc.(b)
|
|
323,135
|
2,507,528
|
|
Highwoods Properties, Inc.
|
|
62,346
|
1,851,676
|
|
Innovative Industrial Properties, Inc.(b)
|
|
34,232
|
1,890,291
|
|
LTC Properties, Inc.(b)
|
|
53,814
|
1,904,477
|
|
Universal Health Realty Income Trust
|
|
57,602
|
2,287,375
|
|
|
|
|
15,625,804
|
|
Utilities-15.19%
|
|||
|
American States Water Co.
|
|
9,055
|
714,168
|
|
Avista Corp.
|
|
40,407
|
1,556,074
|
|
California Water Service Group
|
|
16,150
|
763,088
|
|
Clearway Energy, Inc., Class C
|
|
68,990
|
2,122,822
|
|
MDU Resources Group, Inc.
|
|
43,825
|
753,352
|
|
Middlesex Water Co.
|
|
14,415
|
835,349
|
|
Northwest Natural Holding Co.
|
|
34,763
|
1,424,240
|
|
Otter Tail Corp.(b)
|
|
9,155
|
706,583
|
|
SJW Group
|
|
19,784
|
1,038,264
|
|
Unitil Corp.
|
|
16,806
|
921,473
|
|
|
|
|
10,835,413
|
|
Total Common Stocks & Other Equity Interests
(Cost $77,225,818)
|
71,120,093
|
||
|
Money Market Funds-0.06%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(c)(d)
(Cost $40,174)
|
|
40,174
|
40,174
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.77%
(Cost $77,265,992)
|
71,160,267
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-33.13%
|
|||
|
Invesco Private Government Fund,
4.29%(c)(d)(e)
|
|
6,561,555
|
6,561,555
|
|
Invesco Private Prime Fund, 4.45%(c)(d)(e)
|
|
17,068,656
|
17,072,070
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $23,633,865)
|
23,633,625
|
||
|
TOTAL INVESTMENTS IN SECURITIES-132.90%
(Cost $100,899,857)
|
94,793,892
|
||
|
OTHER ASSETS LESS LIABILITIES-(32.90)%
|
(23,465,365
)
|
||
|
NET ASSETS-100.00%
|
$71,328,527
|
||
|
Investment Abbreviations:
|
|
|
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)
|
All or a portion of this security was out on loan at May 31, 2025.
|
|
(c)
|
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
|
$-
|
$2,928,048
|
$(2,887,874
)
|
$-
|
$-
|
$40,174
|
$2,432
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
3,635,080
|
37,761,964
|
(34,835,489
)
|
-
|
-
|
6,561,555
|
155,545
*
|
|
Invesco Private Prime Fund
|
9,813,887
|
77,785,270
|
(70,524,820
)
|
(686
)
|
(1,581
)
|
17,072,070
|
416,499
*
|
|
Total
|
$13,448,967
|
$118,475,282
|
$(108,248,183
)
|
$(686
)
|
$(1,581
)
|
$23,673,799
|
$574,476
|
|
*
|
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.
|
|
(d)
|
The rate shown is the 7-day SEC standardized yield as of May 31, 2025.
|
|
(e)
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.76%
|
|||
|
Communication Services-1.75%
|
|||
|
Madison Square Garden Sports Corp.,
Class A(b)
|
|
14,959
|
$2,840,564
|
|
Yelp, Inc.(b)
|
|
56,605
|
2,160,613
|
|
|
|
|
5,001,177
|
|
Consumer Discretionary-2.51%
|
|||
|
Dorman Products, Inc.(b)
|
|
16,582
|
2,144,218
|
|
Monarch Casino & Resort, Inc.
|
|
28,358
|
2,374,699
|
|
Sturm, Ruger & Co., Inc.
|
|
73,413
|
2,657,551
|
|
|
|
|
7,176,468
|
|
Consumer Staples-9.82%
|
|||
|
Edgewell Personal Care Co.
|
|
82,408
|
2,276,109
|
|
Energizer Holdings, Inc.(c)
|
|
109,141
|
2,541,894
|
|
Fresh Del Monte Produce, Inc.
|
|
69,527
|
2,455,694
|
|
J&J Snack Foods Corp.
|
|
18,129
|
2,087,917
|
|
John B. Sanfilippo & Son, Inc.
|
|
37,225
|
2,313,161
|
|
National Beverage Corp.(c)
|
|
47,206
|
2,135,127
|
|
PriceSmart, Inc.
|
|
20,860
|
2,252,463
|
|
Simply Good Foods Co. (The)(b)(c)
|
|
61,875
|
2,135,306
|
|
SpartanNash Co.
|
|
107,286
|
2,087,786
|
|
Tootsie Roll Industries, Inc.(c)
|
|
75,152
|
2,679,169
|
|
Universal Corp.(c)
|
|
38,970
|
2,548,248
|
|
WD-40 Co.
|
|
10,447
|
2,545,203
|
|
|
|
|
28,058,077
|
|
Financials-22.81%
|
|||
|
AMERISAFE, Inc.
|
|
52,138
|
2,474,991
|
|
Apollo Commercial Real Estate Finance,
Inc.(c)
|
|
217,776
|
2,140,738
|
|
ARMOUR Residential REIT, Inc.(c)
|
|
158,116
|
2,563,060
|
|
Assured Guaranty Ltd.
|
|
25,777
|
2,179,445
|
|
Bank of Hawaii Corp.
|
|
29,444
|
1,958,321
|
|
Berkshire Hills Bancorp, Inc.
|
|
79,033
|
1,956,857
|
|
Blackstone Mortgage Trust, Inc., Class A(c)
|
|
115,067
|
2,173,616
|
|
City Holding Co.(c)
|
|
19,764
|
2,329,978
|
|
Cohen & Steers, Inc.
|
|
25,334
|
1,946,665
|
|
Ellington Financial, Inc.
|
|
224,583
|
2,823,008
|
|
Employers Holdings, Inc.
|
|
56,109
|
2,730,825
|
|
Enact Holdings, Inc.
|
|
81,303
|
2,878,126
|
|
EZCORP, Inc., Class A(b)(c)
|
|
152,002
|
2,044,427
|
|
First Hawaiian, Inc.
|
|
87,811
|
2,096,927
|
|
Franklin BSP Realty Trust, Inc.
|
|
235,535
|
2,597,951
|
|
Genworth Financial, Inc., Class A(b)
|
|
294,315
|
2,074,921
|
|
Hilltop Holdings, Inc.
|
|
71,172
|
2,122,349
|
|
Horace Mann Educators Corp.
|
|
54,819
|
2,380,789
|
|
NMI Holdings, Inc., Class A(b)
|
|
60,435
|
2,400,478
|
|
Northwest Bancshares, Inc.
|
|
167,379
|
2,055,414
|
|
OFG Bancorp
|
|
47,695
|
1,962,172
|
|
PennyMac Mortgage Investment Trust
|
|
184,217
|
2,262,185
|
|
Radian Group, Inc.
|
|
67,829
|
2,316,360
|
|
Safety Insurance Group, Inc.
|
|
32,194
|
2,644,415
|
|
Simmons First National Corp., Class A
|
|
106,837
|
2,004,262
|
|
Southside Bancshares, Inc.
|
|
69,522
|
1,959,825
|
|
Stewart Information Services Corp.
|
|
33,897
|
2,045,345
|
|
Two Harbors Investment Corp.(c)
|
|
195,360
|
2,068,863
|
|
Westamerica Bancorporation
|
|
42,144
|
2,025,019
|
|
|
|
|
65,217,332
|
|
Health Care-6.79%
|
|||
|
Addus HomeCare Corp.(b)
|
|
18,546
|
2,056,937
|
|
HealthStream, Inc.
|
|
99,538
|
2,789,055
|
|
Innoviva, Inc.(b)(c)
|
|
177,915
|
3,481,797
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Integer Holdings Corp.(b)
|
|
18,077
|
$2,146,824
|
|
Merit Medical Systems, Inc.(b)
|
|
24,439
|
2,322,438
|
|
National HealthCare Corp.
|
|
21,405
|
2,229,117
|
|
Premier, Inc., Class A
|
|
87,596
|
2,012,956
|
|
Prestige Consumer Healthcare, Inc.(b)
|
|
27,724
|
2,375,115
|
|
|
|
|
19,414,239
|
|
Industrials-14.25%
|
|||
|
ABM Industries, Inc.
|
|
40,679
|
2,141,749
|
|
Alamo Group, Inc.
|
|
11,941
|
2,364,796
|
|
Armstrong World Industries, Inc.
|
|
15,594
|
2,426,894
|
|
Brady Corp., Class A
|
|
32,842
|
2,291,386
|
|
CSG Systems International, Inc.
|
|
33,754
|
2,229,789
|
|
Enerpac Tool Group Corp.
|
|
46,884
|
2,010,386
|
|
Franklin Electric Co., Inc.
|
|
25,175
|
2,174,868
|
|
Granite Construction, Inc.(c)
|
|
27,714
|
2,479,017
|
|
Heartland Express, Inc.
|
|
270,264
|
2,418,863
|
|
HNI Corp.
|
|
47,591
|
2,214,409
|
|
Korn Ferry
|
|
30,612
|
2,081,922
|
|
Marten Transport Ltd.
|
|
175,631
|
2,290,228
|
|
National Presto Industries, Inc.
|
|
30,054
|
2,574,125
|
|
OPENLANE, Inc.(b)(c)
|
|
101,751
|
2,333,151
|
|
Schneider National, Inc., Class B
|
|
93,139
|
2,158,031
|
|
Tennant Co.
|
|
30,070
|
2,237,810
|
|
Werner Enterprises, Inc.(c)
|
|
77,483
|
2,010,684
|
|
Zurn Elkay Water Solutions Corp.
|
|
63,645
|
2,303,313
|
|
|
|
|
40,741,421
|
|
Information Technology-3.14%
|
|||
|
Alarm.com Holdings, Inc.(b)
|
|
38,317
|
2,199,396
|
|
Badger Meter, Inc.
|
|
8,757
|
2,173,662
|
|
Box, Inc., Class A(b)(c)
|
|
71,117
|
2,689,645
|
|
PC Connection, Inc.
|
|
29,473
|
1,927,534
|
|
|
|
|
8,990,237
|
|
Materials-3.12%
|
|||
|
Balchem Corp.
|
|
15,233
|
2,539,341
|
|
H.B. Fuller Co.(c)
|
|
38,583
|
2,153,703
|
|
Minerals Technologies, Inc.
|
|
37,146
|
2,109,150
|
|
Sensient Technologies Corp.(c)
|
|
22,298
|
2,107,830
|
|
|
|
|
8,910,024
|
|
Real Estate-26.69%
|
|||
|
Acadia Realty Trust(c)
|
|
123,550
|
2,379,573
|
|
Alexander & Baldwin, Inc.
|
|
177,354
|
3,176,410
|
|
American Assets Trust, Inc.
|
|
112,725
|
2,247,736
|
|
Apple Hospitality REIT, Inc.
|
|
182,167
|
2,111,316
|
|
Armada Hoffler Properties, Inc.
|
|
308,448
|
2,146,798
|
|
CareTrust REIT, Inc.
|
|
96,578
|
2,777,583
|
|
Centerspace
|
|
44,155
|
2,814,881
|
|
DiamondRock Hospitality Co.
|
|
267,769
|
2,045,755
|
|
Easterly Government Properties, Inc.
|
|
108,231
|
2,351,860
|
|
Elme Communities
|
|
156,822
|
2,518,561
|
|
Essential Properties Realty Trust, Inc.
|
|
86,308
|
2,805,010
|
|
Four Corners Property Trust, Inc.(c)
|
|
121,834
|
3,363,837
|
|
Getty Realty Corp.(c)
|
|
109,003
|
3,189,428
|
|
Global Net Lease, Inc.(c)
|
|
294,812
|
2,287,741
|
|
Highwoods Properties, Inc.
|
|
76,708
|
2,278,228
|
|
JBG SMITH Properties, (Acquired
02/21/2025 - 02/21/2025;
Cost $1,960,536)(c)(d)
|
|
131,324
|
2,245,640
|
|
LTC Properties, Inc.(c)
|
|
87,154
|
3,084,380
|
|
LXP Industrial Trust(c)
|
|
310,748
|
2,666,218
|
|
NexPoint Residential Trust, Inc.
|
|
58,597
|
1,992,298
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Phillips Edison & Co., Inc.
|
|
89,732
|
$3,181,897
|
|
Ryman Hospitality Properties, Inc.(c)
|
|
23,183
|
2,251,301
|
|
Saul Centers, Inc.
|
|
89,963
|
3,029,954
|
|
St. Joe Co. (The)
|
|
51,877
|
2,319,421
|
|
Sunstone Hotel Investors, Inc.
|
|
245,503
|
2,199,707
|
|
Tanger, Inc.
|
|
78,511
|
2,339,628
|
|
Terreno Realty Corp.
|
|
39,775
|
2,244,105
|
|
Universal Health Realty Income Trust
|
|
67,241
|
2,670,140
|
|
Urban Edge Properties
|
|
138,107
|
2,508,023
|
|
Veris Residential, Inc.
|
|
160,998
|
2,447,170
|
|
Whitestone REIT
|
|
211,760
|
2,608,883
|
|
|
|
|
76,283,482
|
|
Utilities-8.88%
|
|||
|
American States Water Co.
|
|
35,058
|
2,765,024
|
|
Avista Corp.
|
|
73,309
|
2,823,130
|
|
California Water Service Group
|
|
54,771
|
2,587,930
|
|
Chesapeake Utilities Corp.
|
|
22,255
|
2,719,338
|
|
MDU Resources Group, Inc.
|
|
129,312
|
2,222,873
|
|
MGE Energy, Inc.
|
|
28,650
|
2,587,668
|
|
Northwest Natural Holding Co.
|
|
66,060
|
2,706,478
|
|
Otter Tail Corp.(c)
|
|
29,379
|
2,267,471
|
|
SJW Group
|
|
42,812
|
2,246,774
|
|
Unitil Corp.
|
|
44,673
|
2,449,421
|
|
|
|
|
25,376,107
|
|
Total Common Stocks & Other Equity Interests
(Cost $291,875,149)
|
285,168,564
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.12%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(e)(f)
(Cost $333,749)
|
|
333,749
|
$333,749
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.88%
(Cost $292,208,898)
|
285,502,313
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-15.47%
|
|||
|
Invesco Private Government Fund,
4.29%(e)(f)(g)
|
|
12,022,667
|
12,022,667
|
|
Invesco Private Prime Fund, 4.45%(e)(f)(g)
|
|
32,209,461
|
32,215,903
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $44,238,677)
|
44,238,570
|
||
|
TOTAL INVESTMENTS IN SECURITIES-115.35%
(Cost $336,447,575)
|
329,740,883
|
||
|
OTHER ASSETS LESS LIABILITIES-(15.35)%
|
(43,888,421
)
|
||
|
NET ASSETS-100.00%
|
$285,852,462
|
||
|
Investment Abbreviations:
|
|
|
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 May 31, 2025.
|
|
(d)
|
Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets.
|
|
(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
|
$-
|
$8,570,611
|
$(8,236,862
)
|
$-
|
$-
|
$333,749
|
$6,789
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
12,645,679
|
89,317,353
|
(89,940,365
)
|
-
|
-
|
12,022,667
|
455,728
*
|
|
Invesco Private Prime Fund
|
33,851,635
|
185,793,802
|
(187,422,697
)
|
(2,692
)
|
(4,145
)
|
32,215,903
|
1,217,721
*
|
|
Total
|
$46,497,314
|
$283,681,766
|
$(285,599,924
)
|
$(2,692
)
|
$(4,145
)
|
$44,572,319
|
$1,680,238
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.84%
|
|||
|
Communication Services-0.76%
|
|||
|
Yelp, Inc.(b)
|
|
63,908
|
$2,439,368
|
|
Consumer Discretionary-16.11%
|
|||
|
Academy Sports & Outdoors, Inc.(c)
|
|
65,094
|
2,662,996
|
|
American Eagle Outfitters, Inc.(c)
|
|
201,609
|
2,209,635
|
|
Buckle, Inc. (The)
|
|
45,632
|
1,944,379
|
|
Caleres, Inc.
|
|
47,014
|
632,338
|
|
Cavco Industries, Inc.(b)
|
|
8,563
|
3,712,874
|
|
Dorman Products, Inc.(b)
|
|
26,175
|
3,384,689
|
|
Dream Finders Homes, Inc., Class A(b)(c)
|
|
33,279
|
694,200
|
|
Frontdoor, Inc.(b)
|
|
117,878
|
6,484,469
|
|
G-III Apparel Group Ltd.(b)
|
|
39,036
|
1,133,996
|
|
Golden Entertainment, Inc.
|
|
19,219
|
548,318
|
|
Green Brick Partners, Inc.(b)
|
|
34,279
|
2,003,608
|
|
Guess?, Inc.
|
|
28,403
|
297,663
|
|
Installed Building Products, Inc.(c)
|
|
33,048
|
5,270,495
|
|
Kontoor Brands, Inc.
|
|
85,084
|
5,836,762
|
|
LCI Industries
|
|
26,004
|
2,265,989
|
|
M/I Homes, Inc.(b)
|
|
30,906
|
3,294,889
|
|
Monarch Casino & Resort, Inc.
|
|
13,909
|
1,164,740
|
|
Patrick Industries, Inc.(c)
|
|
30,755
|
2,640,624
|
|
Signet Jewelers Ltd.(c)
|
|
55,588
|
3,700,493
|
|
Steven Madden Ltd.
|
|
71,717
|
1,767,824
|
|
|
|
|
51,650,981
|
|
Consumer Staples-3.93%
|
|||
|
Andersons, Inc. (The)
|
|
38,092
|
1,352,647
|
|
Central Garden & Pet Co., Class A(b)
|
|
48,280
|
1,543,511
|
|
Interparfums, Inc.(c)
|
|
16,468
|
2,243,271
|
|
National Beverage Corp.(c)
|
|
43,429
|
1,964,294
|
|
WD-40 Co.
|
|
18,536
|
4,515,926
|
|
WK Kellogg Co.(c)
|
|
58,390
|
987,959
|
|
|
|
|
12,607,608
|
|
Energy-3.42%
|
|||
|
California Resources Corp.
|
|
70,968
|
3,134,657
|
|
Core Natural Resources, Inc.
|
|
36,444
|
2,525,569
|
|
Dorian LPG Ltd.
|
|
40,787
|
873,250
|
|
Innovex International, Inc.(b)(c)
|
|
63,594
|
877,597
|
|
REX American Resources Corp.(b)
|
|
19,695
|
829,947
|
|
SM Energy Co.
|
|
116,542
|
2,729,414
|
|
|
|
|
10,970,434
|
|
Financials-22.85%
|
|||
|
AMERISAFE, Inc.
|
|
24,920
|
1,182,952
|
|
Artisan Partners Asset Management, Inc.,
Class A(c)
|
|
154,522
|
6,227,237
|
|
Assured Guaranty Ltd.
|
|
44,675
|
3,777,271
|
|
Axos Financial, Inc.(b)
|
|
65,158
|
4,531,087
|
|
BancFirst Corp.
|
|
18,705
|
2,313,902
|
|
Bancorp, Inc. (The)(b)
|
|
65,365
|
3,340,152
|
|
City Holding Co.(c)
|
|
13,835
|
1,631,008
|
|
Cohen & Steers, Inc.
|
|
40,113
|
3,082,283
|
|
Donnelley Financial Solutions, Inc.(b)
|
|
31,132
|
1,696,071
|
|
Employers Holdings, Inc.
|
|
23,737
|
1,155,280
|
|
First Bancorp
|
|
177,499
|
3,546,430
|
|
Goosehead Insurance, Inc., Class A
|
|
26,614
|
2,881,232
|
|
HCI Group, Inc.(c)
|
|
12,618
|
2,129,540
|
|
Lakeland Financial Corp.
|
|
25,340
|
1,517,106
|
|
Mercury General Corp.
|
|
43,698
|
2,817,647
|
|
NMI Holdings, Inc., Class A(b)
|
|
85,790
|
3,407,579
|
|
OFG Bancorp
|
|
47,238
|
1,943,371
|
|
Palomar Holdings, Inc.(b)
|
|
28,122
|
4,822,079
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Pathward Financial, Inc.
|
|
32,265
|
$2,518,283
|
|
Payoneer Global, Inc.(b)
|
|
291,266
|
1,983,521
|
|
PJT Partners, Inc., Class A(c)
|
|
46,429
|
6,994,993
|
|
Preferred Bank(c)
|
|
14,173
|
1,185,005
|
|
PROG Holdings, Inc.
|
|
50,123
|
1,445,046
|
|
Radian Group, Inc.
|
|
138,598
|
4,733,122
|
|
Virtus Investment Partners, Inc.
|
|
6,116
|
1,044,001
|
|
Westamerica Bancorporation
|
|
28,392
|
1,364,236
|
|
|
|
|
73,270,434
|
|
Health Care-12.25%
|
|||
|
ADMA Biologics, Inc.(b)
|
|
297,138
|
5,895,218
|
|
Alkermes PLC(b)
|
|
188,797
|
5,779,076
|
|
Astrana Health, Inc.(b)(c)
|
|
42,910
|
1,063,739
|
|
Collegium Pharmaceutical, Inc.(b)(c)
|
|
34,775
|
1,013,343
|
|
Corcept Therapeutics, Inc.(b)(c)
|
|
122,489
|
9,500,247
|
|
CorVel Corp.(b)
|
|
35,552
|
3,955,871
|
|
Harmony Biosciences Holdings, Inc.(b)
|
|
45,178
|
1,558,641
|
|
National HealthCare Corp.
|
|
12,637
|
1,316,017
|
|
Premier, Inc., Class A
|
|
138,040
|
3,172,159
|
|
Protagonist Therapeutics, Inc.(b)(c)
|
|
61,463
|
2,917,649
|
|
STAAR Surgical Co., (Acquired 06/21/2024 -
05/30/2025; Cost $2,199,365)(b)(c)(d)
|
|
54,358
|
968,116
|
|
Supernus Pharmaceuticals, Inc.(b)
|
|
67,527
|
2,140,606
|
|
|
|
|
39,280,682
|
|
Industrials-23.16%
|
|||
|
Apogee Enterprises, Inc.
|
|
28,554
|
1,103,612
|
|
ArcBest Corp.
|
|
23,817
|
1,493,088
|
|
Armstrong World Industries, Inc.
|
|
58,143
|
9,048,795
|
|
Boise Cascade Co.
|
|
37,962
|
3,298,139
|
|
Brady Corp., Class A
|
|
44,226
|
3,085,648
|
|
CSG Systems International, Inc.
|
|
26,905
|
1,777,344
|
|
CSW Industrials, Inc.
|
|
17,036
|
5,209,438
|
|
Enerpac Tool Group Corp.
|
|
54,919
|
2,354,927
|
|
Everus Construction Group, Inc.(b)
|
|
87,889
|
5,089,652
|
|
Federal Signal Corp.(c)
|
|
60,431
|
5,684,744
|
|
Franklin Electric Co., Inc.
|
|
39,352
|
3,399,619
|
|
Gibraltar Industries, Inc.(b)
|
|
31,864
|
1,866,593
|
|
Griffon Corp.
|
|
41,791
|
2,873,131
|
|
Interface, Inc.
|
|
59,835
|
1,202,085
|
|
JBT Marel Corp.
|
|
31,690
|
3,638,329
|
|
Lindsay Corp.
|
|
10,659
|
1,485,865
|
|
Liquidity Services, Inc.(b)
|
|
21,851
|
510,658
|
|
MasterBrand, Inc.(b)
|
|
122,863
|
1,253,203
|
|
Matson, Inc.
|
|
34,926
|
3,941,399
|
|
National Presto Industries, Inc.
|
|
4,100
|
351,165
|
|
Powell Industries, Inc.
|
|
15,534
|
2,634,411
|
|
Robert Half, Inc.(c)
|
|
113,976
|
5,218,961
|
|
SkyWest, Inc.(b)
|
|
40,363
|
4,094,826
|
|
Tennant Co.
|
|
20,627
|
1,535,061
|
|
Worthington Enterprises, Inc.
|
|
35,926
|
2,116,401
|
|
|
|
|
74,267,094
|
|
Information Technology-10.39%
|
|||
|
A10 Networks, Inc.
|
|
82,747
|
1,428,213
|
|
Agilysys, Inc.(b)(c)
|
|
22,961
|
2,431,800
|
|
Badger Meter, Inc.
|
|
28,802
|
7,149,232
|
|
Clear Secure, Inc., Class A
|
|
181,350
|
4,488,413
|
|
ePlus, Inc.(b)
|
|
26,600
|
1,898,442
|
|
Impinj, Inc.(b)(c)
|
|
33,720
|
3,847,115
|
|
InterDigital, Inc.(c)
|
|
31,208
|
6,780,250
|
|
NCR Voyix Corp.(b)(c)
|
|
304,154
|
3,373,068
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Photronics, Inc.(b)
|
|
52,947
|
$884,744
|
|
ScanSource, Inc.(b)
|
|
25,369
|
1,024,400
|
|
|
|
|
33,305,677
|
|
Materials-3.90%
|
|||
|
Alpha Metallurgical Resources, Inc.(b)(c)
|
|
11,966
|
1,340,671
|
|
Balchem Corp.
|
|
29,383
|
4,898,146
|
|
Century Aluminum Co.(b)
|
|
99,576
|
1,542,432
|
|
Hawkins, Inc.
|
|
16,948
|
2,262,389
|
|
SunCoke Energy, Inc.
|
|
82,439
|
671,053
|
|
Sylvamo Corp.
|
|
34,088
|
1,805,641
|
|
|
|
|
12,520,332
|
|
Real Estate-0.95%
|
|||
|
SITE Centers Corp.
|
|
54,823
|
653,490
|
|
Urban Edge Properties
|
|
131,675
|
2,391,218
|
|
|
|
|
3,044,708
|
|
Utilities-2.12%
|
|||
|
MDU Resources Group, Inc.
|
|
221,061
|
3,800,039
|
|
Otter Tail Corp.(c)
|
|
38,722
|
2,988,564
|
|
|
|
|
6,788,603
|
|
Total Common Stocks & Other Equity Interests
(Cost $344,763,175)
|
320,145,921
|
||
|
Money Market Funds-0.11%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.24%(e)(f)
(Cost $357,807)
|
|
357,807
|
357,807
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.95%
(Cost $345,120,982)
|
320,503,728
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-20.52%
|
|||
|
Invesco Private Government Fund,
4.29%(e)(f)(g)
|
|
18,164,622
|
$18,164,622
|
|
Invesco Private Prime Fund, 4.45%(e)(f)(g)
|
|
47,617,125
|
47,626,648
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $65,791,524)
|
65,791,270
|
||
|
TOTAL INVESTMENTS IN SECURITIES-120.47%
(Cost $410,912,506)
|
386,294,998
|
||
|
OTHER ASSETS LESS LIABILITIES-(20.47)%
|
(65,627,915
)
|
||
|
NET ASSETS-100.00%
|
$320,667,083
|
||
|
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)
|
Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Fund’s Net Assets.
|
|
(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
|
$168,991
|
$7,272,211
|
$(7,083,395
)
|
$-
|
$-
|
$357,807
|
$6,374
|
|
|
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 Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$14,909,742
|
$179,179,951
|
$(175,925,071
)
|
$-
|
$-
|
$18,164,622
|
$826,097
*
|
|
Invesco Private Prime Fund
|
44,284,944
|
398,268,740
|
(394,915,255
)
|
(4,210
)
|
(7,571
)
|
47,626,648
|
2,217,247
*
|
|
Total
|
$59,363,677
|
$584,720,902
|
$(577,923,721
)
|
$(4,210
)
|
$(7,571
)
|
$66,149,077
|
$3,049,718
|
|
*
|
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.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco ESG S&P 500 Equal Weight ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$23,828,798
|
$-
|
$-
|
$23,828,798
|
|
Money Market Funds
|
2,935
|
3,346,723
|
-
|
3,349,658
|
|
Total Investments
|
$23,831,733
|
$3,346,723
|
$-
|
$27,178,456
|
|
Invesco MSCI North America Climate ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$2,463,061,348
|
$-
|
$-
|
$2,463,061,348
|
|
Money Market Funds
|
-
|
9,305,057
|
-
|
9,305,057
|
|
Total Investments
|
$2,463,061,348
|
$9,305,057
|
$-
|
$2,472,366,405
|
|
Invesco MSCI USA ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$7,042,228,036
|
$-
|
$-
|
$7,042,228,036
|
|
Money Market Funds
|
3,913,910
|
69,338,202
|
-
|
73,252,112
|
|
Total Investments
|
$7,046,141,946
|
$69,338,202
|
$-
|
$7,115,480,148
|
|
Invesco Russell 1000 Equal Weight ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$629,021,860
|
$5,411
|
$56,038
|
$629,083,309
|
|
Money Market Funds
|
-
|
71,020,619
|
-
|
71,020,619
|
|
Total Investments
|
$629,021,860
|
$71,026,030
|
$56,038
|
$700,103,928
|
|
Invesco S&P 500® Enhanced Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$102,934,518
|
$-
|
$-
|
$102,934,518
|
|
Money Market Funds
|
40,118
|
5,988,234
|
-
|
6,028,352
|
|
Total Investments
|
$102,974,636
|
$5,988,234
|
$-
|
$108,962,870
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$45,605,708
|
$-
|
$-
|
$45,605,708
|
|
Money Market Funds
|
-
|
3,509,988
|
-
|
3,509,988
|
|
Total Investments
|
$45,605,708
|
$3,509,988
|
$-
|
$49,115,696
|
|
Invesco S&P 500® High Beta ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$344,815,794
|
$-
|
$-
|
$344,815,794
|
|
Money Market Funds
|
-
|
20,142,819
|
-
|
20,142,819
|
|
Total Investments
|
$344,815,794
|
$20,142,819
|
$-
|
$364,958,613
|
|
Invesco S&P 500 High Dividend Growers ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$6,970,693
|
$-
|
$-
|
$6,970,693
|
|
Money Market Funds
|
2,027
|
249,735
|
-
|
251,762
|
|
Total Investments
|
$6,972,720
|
$249,735
|
$-
|
$7,222,455
|
|
Invesco S&P 500® High Dividend Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$3,197,393,474
|
$-
|
$-
|
$3,197,393,474
|
|
Money Market Funds
|
-
|
17,432,859
|
-
|
17,432,859
|
|
Total Investments
|
$3,197,393,474
|
$17,432,859
|
$-
|
$3,214,826,333
|
|
Invesco S&P 500® Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$8,038,299,139
|
$-
|
$-
|
$8,038,299,139
|
|
Money Market Funds
|
-
|
327,304,056
|
-
|
327,304,056
|
|
Total Investments
|
$8,038,299,139
|
$327,304,056
|
$-
|
$8,365,603,195
|
|
Invesco S&P 500 Minimum Variance ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$3,806,387
|
$-
|
$-
|
$3,806,387
|
|
Money Market Funds
|
-
|
201,211
|
-
|
201,211
|
|
Total Investments
|
$3,806,387
|
$201,211
|
$-
|
$4,007,598
|
|
Invesco S&P 500® Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$7,935,309,665
|
$-
|
$-
|
$7,935,309,665
|
|
Money Market Funds
|
9,740,059
|
106,647,588
|
-
|
116,387,647
|
|
Total Investments
|
$7,945,049,724
|
$106,647,588
|
$-
|
$8,051,697,312
|
|
Invesco S&P 500 QVM Multi-factor ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$1,220,427,671
|
$-
|
$-
|
$1,220,427,671
|
|
Money Market Funds
|
550,355
|
22,502,002
|
-
|
23,052,357
|
|
Total Investments
|
$1,220,978,026
|
$22,502,002
|
$-
|
$1,243,480,028
|
|
Invesco S&P MidCap 400 QVM Multi-factor ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$339,208,085
|
$-
|
$-
|
$339,208,085
|
|
Money Market Funds
|
122,881
|
45,005,059
|
-
|
45,127,940
|
|
Total Investments
|
$339,330,966
|
$45,005,059
|
$-
|
$384,336,025
|
|
Invesco S&P MidCap Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$823,624,278
|
$-
|
$-
|
$823,624,278
|
|
Money Market Funds
|
335,093
|
70,863,274
|
-
|
71,198,367
|
|
Total Investments
|
$823,959,371
|
$70,863,274
|
$-
|
$894,822,645
|
|
Invesco S&P SmallCap 600 QVM Multi-factor ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$182,363,516
|
$-
|
$0
|
$182,363,516
|
|
Money Market Funds
|
88,536
|
28,823,865
|
-
|
28,912,401
|
|
Total Investments
|
$182,452,052
|
$28,823,865
|
$0
|
$211,275,917
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco S&P SmallCap 600® GARP ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$2,390,089
|
$-
|
$-
|
$2,390,089
|
|
Money Market Funds
|
3,663
|
600,995
|
-
|
604,658
|
|
Total Investments
|
$2,393,752
|
$600,995
|
$-
|
$2,994,747
|
|
Invesco S&P SmallCap High Dividend Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$71,120,093
|
$-
|
$-
|
$71,120,093
|
|
Money Market Funds
|
40,174
|
23,633,625
|
-
|
23,673,799
|
|
Total Investments
|
$71,160,267
|
$23,633,625
|
$-
|
$94,793,892
|
|
Invesco S&P SmallCap Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$285,168,564
|
$-
|
$-
|
$285,168,564
|
|
Money Market Funds
|
333,749
|
44,238,570
|
-
|
44,572,319
|
|
Total Investments
|
$285,502,313
|
$44,238,570
|
$-
|
$329,740,883
|
|
Invesco S&P SmallCap Quality ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$320,145,921
|
$-
|
$-
|
$320,145,921
|
|
Money Market Funds
|
357,807
|
65,791,270
|
-
|
66,149,077
|
|
Total Investments
|
$320,503,728
|
$65,791,270
|
$-
|
$386,294,998
|