|
Shares
|
Value
|
|
Common Stocks & Other Equity Interests-99.78%
|
|||
Communication Services-4.17%
|
|||
Alphabet, Inc., Class A
|
|
435,800
|
$83,630,020
|
Alphabet, Inc., Class C
|
|
351,590
|
67,807,647
|
AT&T, Inc.
|
|
4,941,470
|
135,445,693
|
Charter Communications, Inc.,
Class A(b)(c)
|
|
350,260
|
94,346,034
|
Comcast Corp., Class A
|
|
3,980,790
|
132,281,652
|
Electronic Arts, Inc.
|
|
948,576
|
144,648,354
|
Fox Corp., Class A(c)
|
|
1,635,633
|
91,202,896
|
Fox Corp., Class B
|
|
1,007,512
|
51,524,164
|
Interpublic Group of Cos., Inc. (The)
|
|
5,893,717
|
144,985,438
|
Live Nation Entertainment, Inc.(b)(c)
|
|
975,210
|
144,038,517
|
Match Group, Inc.(c)
|
|
4,439,934
|
152,156,538
|
Meta Platforms, Inc., Class A
|
|
201,900
|
156,157,536
|
Netflix, Inc.(b)
|
|
114,685
|
132,965,789
|
News Corp., Class A
|
|
3,753,856
|
110,063,058
|
News Corp., Class B(c)
|
|
1,108,253
|
37,037,815
|
Omnicom Group, Inc.(c)
|
|
1,910,389
|
137,643,527
|
Paramount Global, Class B(c)
|
|
11,440,060
|
143,801,554
|
Take-Two Interactive Software, Inc.(b)
|
|
596,887
|
132,944,642
|
TKO Group Holdings, Inc.(c)
|
|
848,985
|
142,637,970
|
T-Mobile US, Inc.
|
|
606,896
|
144,690,075
|
Trade Desk, Inc. (The), Class A(b)(c)
|
|
1,985,490
|
172,658,210
|
Verizon Communications, Inc.
|
|
3,201,558
|
136,898,620
|
Walt Disney Co. (The)
|
|
1,171,624
|
139,552,135
|
Warner Bros. Discovery, Inc.(b)
|
|
13,323,286
|
175,467,677
|
|
|
|
3,004,585,561
|
Consumer Discretionary-10.43%
|
|||
Airbnb, Inc., Class A(b)
|
|
1,014,333
|
134,307,833
|
Amazon.com, Inc.(b)
|
|
656,734
|
153,747,997
|
Aptiv PLC (Jersey)(b)
|
|
1,995,106
|
136,944,076
|
AutoZone, Inc.(b)
|
|
38,267
|
144,204,597
|
Best Buy Co., Inc.
|
|
1,927,740
|
125,418,764
|
Booking Holdings, Inc.
|
|
25,358
|
139,571,953
|
Caesars Entertainment, Inc.(b)(c)
|
|
5,018,959
|
133,905,826
|
CarMax, Inc.(b)
|
|
2,064,586
|
116,876,213
|
Carnival Corp.(b)(c)
|
|
5,865,961
|
174,629,659
|
Chipotle Mexican Grill, Inc.(b)
|
|
2,703,743
|
115,936,500
|
D.R. Horton, Inc.
|
|
1,121,743
|
160,229,770
|
Darden Restaurants, Inc.
|
|
643,843
|
129,843,818
|
Deckers Outdoor Corp.(b)
|
|
1,297,586
|
137,764,706
|
Domino’s Pizza, Inc.(c)
|
|
313,354
|
145,148,706
|
DoorDash, Inc., Class A(b)
|
|
643,415
|
161,014,604
|
eBay, Inc.
|
|
1,798,701
|
165,030,817
|
Expedia Group, Inc.
|
|
807,775
|
145,577,210
|
Ford Motor Co.(c)
|
|
13,135,900
|
145,414,413
|
Garmin Ltd.
|
|
669,648
|
146,492,196
|
General Motors Co.
|
|
2,807,878
|
149,772,213
|
Genuine Parts Co.
|
|
1,135,745
|
146,374,816
|
Hasbro, Inc.
|
|
2,028,155
|
152,436,130
|
Hilton Worldwide Holdings, Inc.
|
|
552,373
|
148,080,154
|
Home Depot, Inc. (The)
|
|
388,461
|
142,763,302
|
Las Vegas Sands Corp.
|
|
3,347,078
|
175,386,887
|
Lennar Corp., Class A(c)
|
|
1,256,005
|
140,898,641
|
LKQ Corp.(c)
|
|
3,556,113
|
104,798,650
|
Lowe’s Cos., Inc.
|
|
632,005
|
141,297,358
|
lululemon athletica, inc.(b)
|
|
555,196
|
111,333,454
|
Marriott International, Inc., Class A
|
|
526,803
|
138,986,435
|
McDonald’s Corp.
|
|
464,075
|
139,254,985
|
MGM Resorts International(b)(c)
|
|
4,214,326
|
153,612,183
|
Mohawk Industries, Inc.(b)(c)
|
|
1,337,399
|
153,145,559
|
NIKE, Inc., Class B
|
|
2,218,432
|
165,694,686
|
|
Shares
|
Value
|
|
Consumer Discretionary-(continued)
|
|||
Norwegian Cruise Line Holdings
Ltd.(b)
|
|
7,339,174
|
$187,589,287
|
NVR, Inc.(b)
|
|
19,632
|
148,211,588
|
O’Reilly Automotive, Inc.(b)
|
|
1,555,649
|
152,951,410
|
Pool Corp.(c)
|
|
466,786
|
143,835,438
|
PulteGroup, Inc.
|
|
1,353,773
|
152,868,047
|
Ralph Lauren Corp.
|
|
523,424
|
156,372,920
|
Ross Stores, Inc.
|
|
1,026,848
|
140,205,826
|
Royal Caribbean Cruises Ltd.(c)
|
|
522,937
|
166,225,984
|
Starbucks Corp.(c)
|
|
1,468,345
|
130,917,640
|
Tapestry, Inc.
|
|
1,712,770
|
185,030,543
|
Tesla, Inc.(b)
|
|
428,985
|
132,243,206
|
TJX Cos., Inc. (The)
|
|
1,124,415
|
140,023,400
|
Tractor Supply Co.(c)
|
|
2,728,966
|
155,414,614
|
Ulta Beauty, Inc.(b)
|
|
306,354
|
157,775,374
|
Williams-Sonoma, Inc.
|
|
900,081
|
168,360,151
|
Wynn Resorts Ltd.(c)
|
|
1,599,958
|
174,443,421
|
Yum! Brands, Inc.(c)
|
|
976,452
|
140,755,556
|
|
|
|
7,509,119,516
|
Consumer Staples-7.40%
|
|||
Altria Group, Inc.
|
|
2,337,411
|
144,779,237
|
Archer-Daniels-Midland Co.(c)
|
|
2,877,436
|
155,899,483
|
Brown-Forman Corp., Class B(c)
|
|
5,092,253
|
146,911,499
|
Bunge Global S.A.
|
|
1,855,717
|
148,011,988
|
Campbell’s Co. (The)(c)
|
|
4,192,964
|
133,839,411
|
Church & Dwight Co., Inc.
|
|
1,413,161
|
132,512,107
|
Clorox Co. (The)
|
|
1,109,312
|
139,285,215
|
Coca-Cola Co. (The)
|
|
1,942,988
|
131,909,455
|
Colgate-Palmolive Co.
|
|
1,520,326
|
127,479,335
|
Conagra Brands, Inc.
|
|
6,260,022
|
114,308,002
|
Constellation Brands, Inc., Class A
|
|
828,493
|
138,391,471
|
Costco Wholesale Corp.
|
|
140,206
|
131,743,166
|
Dollar General Corp.
|
|
1,256,468
|
131,803,493
|
Dollar Tree, Inc.(b)
|
|
1,486,264
|
168,765,277
|
Estee Lauder Cos., Inc. (The),
Class A(c)
|
|
2,004,553
|
187,104,977
|
General Mills, Inc.(c)
|
|
2,582,448
|
126,488,303
|
Hershey Co. (The)(c)
|
|
833,653
|
155,167,833
|
Hormel Foods Corp.(c)
|
|
4,527,672
|
127,182,306
|
J.M. Smucker Co. (The)
|
|
1,461,134
|
156,838,124
|
Kellanova
|
|
1,715,910
|
136,981,095
|
Kenvue, Inc.
|
|
6,409,596
|
137,421,738
|
Keurig Dr Pepper, Inc.
|
|
4,261,531
|
139,138,987
|
Kimberly-Clark Corp.
|
|
1,054,110
|
131,363,188
|
Kraft Heinz Co. (The)(c)
|
|
5,300,708
|
145,557,442
|
Kroger Co. (The)
|
|
2,167,201
|
151,920,790
|
Lamb Weston Holdings, Inc.
|
|
2,511,198
|
143,314,070
|
McCormick & Co., Inc.
|
|
1,851,700
|
130,785,571
|
Molson Coors Beverage Co., Class B(c)
|
|
2,705,695
|
131,821,460
|
Mondelez International, Inc., Class A
|
|
2,091,856
|
135,322,165
|
Monster Beverage Corp.(b)
|
|
2,237,470
|
131,451,363
|
PepsiCo, Inc.
|
|
1,078,578
|
148,757,478
|
Philip Morris International, Inc.
|
|
764,287
|
125,381,282
|
Procter & Gamble Co. (The)
|
|
863,890
|
129,989,528
|
Sysco Corp.
|
|
1,873,594
|
149,138,082
|
Target Corp.
|
|
1,427,629
|
143,476,715
|
Tyson Foods, Inc., Class A
|
|
2,529,387
|
132,286,940
|
Walgreens Boots Alliance, Inc.(c)
|
|
12,349,267
|
143,745,468
|
Walmart, Inc.
|
|
1,461,926
|
143,239,509
|
|
|
|
5,329,513,553
|
|
Shares
|
Value
|
|
Energy-4.27%
|
|||
APA Corp.(c)
|
|
7,141,437
|
$137,758,320
|
Baker Hughes Co., Class A
|
|
3,588,147
|
161,646,022
|
Chevron Corp.
|
|
967,469
|
146,707,056
|
ConocoPhillips
|
|
1,500,276
|
143,036,314
|
Coterra Energy, Inc.(c)
|
|
5,432,135
|
132,489,773
|
Devon Energy Corp.
|
|
4,062,526
|
134,957,114
|
Diamondback Energy, Inc.
|
|
940,400
|
139,799,864
|
EOG Resources, Inc.
|
|
1,167,670
|
140,143,753
|
EQT Corp.
|
|
2,595,538
|
139,510,168
|
Expand Energy Corp.
|
|
1,247,781
|
130,742,493
|
Exxon Mobil Corp.
|
|
1,281,006
|
143,011,510
|
Halliburton Co.
|
|
6,311,271
|
141,372,470
|
Kinder Morgan, Inc.
|
|
5,088,531
|
142,784,180
|
Marathon Petroleum Corp.
|
|
850,301
|
144,712,727
|
Occidental Petroleum Corp.(c)
|
|
3,122,946
|
137,222,247
|
ONEOK, Inc.
|
|
1,689,343
|
138,711,954
|
Phillips 66
|
|
1,157,528
|
143,047,310
|
Schlumberger N.V.(c)
|
|
3,923,907
|
132,628,057
|
Targa Resources Corp.
|
|
824,798
|
137,254,635
|
Texas Pacific Land Corp.(c)
|
|
127,500
|
123,436,575
|
Valero Energy Corp.
|
|
1,044,387
|
143,404,779
|
Williams Cos., Inc. (The)
|
|
2,356,781
|
141,289,021
|
|
|
|
3,075,666,342
|
Financials-15.03%
|
|||
Aflac, Inc.
|
|
1,382,223
|
137,337,677
|
Allstate Corp. (The)
|
|
714,150
|
145,150,987
|
American Express Co.
|
|
468,165
|
140,126,466
|
American International Group, Inc.
|
|
1,659,370
|
128,816,893
|
Ameriprise Financial, Inc.
|
|
271,544
|
140,711,385
|
Aon PLC, Class A
|
|
400,971
|
142,629,394
|
Apollo Global Management, Inc.(c)
|
|
1,014,485
|
147,424,960
|
Arch Capital Group Ltd.(c)
|
|
1,566,610
|
134,822,457
|
Arthur J. Gallagher & Co.
|
|
447,937
|
128,669,903
|
Assurant, Inc.
|
|
712,840
|
133,514,932
|
Bank of America Corp.
|
|
3,130,391
|
147,973,583
|
Bank of New York Mellon Corp. (The)
|
|
1,563,574
|
158,624,582
|
Berkshire Hathaway, Inc., Class B(b)
|
|
287,194
|
135,521,105
|
BlackRock, Inc.
|
|
140,704
|
155,620,031
|
Blackstone, Inc., Class A
|
|
990,609
|
171,335,733
|
Block, Inc., Class A(b)(c)
|
|
1,932,812
|
149,329,055
|
Brown & Brown, Inc.(c)
|
|
1,340,797
|
122,508,622
|
Capital One Financial Corp.
|
|
698,120
|
150,095,800
|
Cboe Global Markets, Inc.
|
|
628,263
|
151,436,514
|
Charles Schwab Corp. (The)
|
|
1,584,401
|
154,843,510
|
Chubb Ltd.
|
|
490,424
|
130,472,401
|
Cincinnati Financial Corp.
|
|
953,146
|
140,598,566
|
Citigroup, Inc.
|
|
1,786,110
|
167,358,507
|
Citizens Financial Group, Inc.
|
|
3,382,580
|
161,416,718
|
CME Group, Inc., Class A
|
|
519,639
|
144,605,141
|
Coinbase Global, Inc., Class A(b)
|
|
559,032
|
211,179,928
|
Corpay, Inc.(b)
|
|
401,864
|
129,822,165
|
Erie Indemnity Co., Class A(c)
|
|
392,567
|
139,848,068
|
Everest Group Ltd.
|
|
417,207
|
140,098,111
|
FactSet Research Systems, Inc.(c)
|
|
331,130
|
133,412,277
|
Fidelity National Information Services,
Inc.
|
|
1,727,664
|
137,193,798
|
Fifth Third Bancorp
|
|
3,577,864
|
148,731,806
|
Fiserv, Inc.(b)
|
|
833,010
|
115,738,409
|
Franklin Resources, Inc.(c)
|
|
6,212,830
|
149,107,920
|
Global Payments, Inc.
|
|
1,758,575
|
140,598,071
|
Globe Life, Inc.
|
|
1,169,068
|
164,218,982
|
Goldman Sachs Group, Inc. (The)
|
|
224,080
|
162,142,047
|
|
Shares
|
Value
|
|
Financials-(continued)
|
|||
Hartford Insurance Group, Inc. (The)
|
|
1,125,893
|
$140,049,830
|
Huntington Bancshares, Inc.
|
|
8,702,813
|
142,987,218
|
Intercontinental Exchange, Inc.
|
|
789,004
|
145,831,609
|
Invesco Ltd.(d)
|
|
9,291,878
|
195,222,357
|
Jack Henry & Associates, Inc.(c)
|
|
778,840
|
132,258,715
|
JPMorgan Chase & Co.
|
|
522,807
|
154,876,346
|
KeyCorp
|
|
8,627,819
|
154,610,516
|
KKR & Co., Inc., Class A
|
|
1,111,653
|
162,946,097
|
Loews Corp.
|
|
1,581,655
|
143,203,044
|
M&T Bank Corp.(c)
|
|
759,318
|
143,283,307
|
MarketAxess Holdings, Inc.
|
|
622,327
|
127,888,199
|
Marsh & McLennan Cos., Inc.
|
|
644,993
|
128,482,606
|
Mastercard, Inc., Class A
|
|
237,206
|
134,370,083
|
MetLife, Inc.
|
|
1,774,774
|
134,794,085
|
Moody’s Corp.
|
|
289,940
|
149,530,756
|
Morgan Stanley
|
|
1,065,034
|
151,724,744
|
MSCI, Inc.
|
|
252,914
|
141,975,803
|
Nasdaq, Inc.
|
|
1,613,557
|
155,256,455
|
Northern Trust Corp.
|
|
1,291,242
|
167,861,460
|
PayPal Holdings, Inc.(b)
|
|
1,876,920
|
129,057,019
|
PNC Financial Services Group, Inc.
(The)
|
|
787,914
|
149,916,397
|
Principal Financial Group, Inc.
|
|
1,830,634
|
142,478,244
|
Progressive Corp. (The)
|
|
531,460
|
128,634,578
|
Prudential Financial, Inc.
|
|
1,338,707
|
138,663,271
|
Raymond James Financial, Inc.
|
|
948,234
|
158,478,348
|
Regions Financial Corp.
|
|
6,282,314
|
159,131,014
|
S&P Global, Inc.
|
|
272,438
|
150,140,582
|
State Street Corp.
|
|
1,439,036
|
160,812,273
|
Synchrony Financial
|
|
2,266,021
|
157,873,683
|
T. Rowe Price Group, Inc.
|
|
1,472,273
|
149,362,096
|
Travelers Cos., Inc. (The)
|
|
535,850
|
139,449,604
|
Truist Financial Corp.
|
|
3,477,846
|
152,016,649
|
U.S. Bancorp
|
|
3,168,112
|
142,438,316
|
Visa, Inc., Class A
|
|
374,673
|
129,438,281
|
W.R. Berkley Corp.
|
|
1,934,659
|
133,123,886
|
Wells Fargo & Co.
|
|
1,868,740
|
150,676,506
|
Willis Towers Watson PLC
|
|
473,199
|
149,440,976
|
|
|
|
10,821,321,457
|
Health Care-11.22%
|
|||
Abbott Laboratories
|
|
1,035,801
|
130,707,728
|
AbbVie, Inc.
|
|
731,152
|
138,202,351
|
Agilent Technologies, Inc.
|
|
1,169,687
|
134,291,765
|
Align Technology, Inc.(b)(c)
|
|
755,348
|
97,447,446
|
Amgen, Inc.
|
|
480,181
|
141,701,413
|
Baxter International, Inc.(c)
|
|
4,459,896
|
97,047,337
|
Becton, Dickinson and Co.
|
|
810,635
|
144,495,689
|
Biogen, Inc.(b)
|
|
1,052,443
|
134,712,704
|
Bio-Techne Corp.
|
|
2,717,163
|
148,710,331
|
Boston Scientific Corp.(b)
|
|
1,408,798
|
147,811,086
|
Bristol-Myers Squibb Co.
|
|
2,792,101
|
120,925,894
|
Cardinal Health, Inc.
|
|
912,528
|
141,642,596
|
Cencora, Inc.
|
|
489,029
|
139,901,416
|
Centene Corp.(b)
|
|
2,531,798
|
66,003,974
|
Charles River Laboratories
International, Inc.(b)
|
|
926,535
|
157,177,397
|
Cigna Group (The)
|
|
450,916
|
120,565,920
|
Cooper Cos., Inc. (The)(b)
|
|
1,960,791
|
138,608,316
|
CVS Health Corp.
|
|
2,131,000
|
132,335,100
|
Danaher Corp.
|
|
684,586
|
134,972,976
|
DaVita, Inc.(b)(c)
|
|
1,013,451
|
142,258,117
|
DexCom, Inc.(b)(c)
|
|
1,687,473
|
136,297,194
|
|
Shares
|
Value
|
|
Health Care-(continued)
|
|||
Edwards Lifesciences Corp.(b)(c)
|
|
1,855,717
|
$147,176,915
|
Elevance Health, Inc.
|
|
367,998
|
104,172,874
|
Eli Lilly and Co.
|
|
173,480
|
128,387,344
|
GE HealthCare Technologies, Inc.
|
|
1,907,729
|
136,059,232
|
Gilead Sciences, Inc.
|
|
1,281,114
|
143,856,291
|
HCA Healthcare, Inc.
|
|
380,857
|
134,819,569
|
Henry Schein, Inc.(b)(c)
|
|
1,968,539
|
133,171,663
|
Hologic, Inc.(b)
|
|
2,168,575
|
144,904,182
|
Humana, Inc.
|
|
604,583
|
151,067,154
|
IDEXX Laboratories, Inc.(b)
|
|
267,076
|
142,701,378
|
Incyte Corp.(b)
|
|
2,033,984
|
152,325,062
|
Insulet Corp.(b)
|
|
463,281
|
133,610,240
|
Intuitive Surgical, Inc.(b)
|
|
268,004
|
128,934,044
|
IQVIA Holdings, Inc.(b)
|
|
882,155
|
163,957,328
|
Johnson & Johnson
|
|
901,983
|
148,592,679
|
Labcorp Holdings, Inc.
|
|
538,617
|
140,083,509
|
McKesson Corp.
|
|
195,096
|
135,306,880
|
Medtronic PLC
|
|
1,590,071
|
143,488,007
|
Merck & Co., Inc.
|
|
1,743,776
|
136,223,781
|
Mettler-Toledo International, Inc.(b)(c)
|
|
117,385
|
144,815,527
|
Moderna, Inc.(b)(c)
|
|
5,046,164
|
149,164,608
|
Molina Healthcare, Inc.(b)
|
|
475,185
|
75,017,456
|
Pfizer, Inc.
|
|
5,720,471
|
133,229,770
|
Quest Diagnostics, Inc.(c)
|
|
791,592
|
132,520,417
|
Regeneron Pharmaceuticals, Inc.
|
|
269,974
|
147,260,018
|
ResMed, Inc.(c)
|
|
557,390
|
151,576,637
|
Revvity, Inc.(c)
|
|
1,457,730
|
128,134,467
|
Solventum Corp.(b)
|
|
1,881,998
|
134,299,377
|
STERIS PLC
|
|
581,671
|
131,742,665
|
Stryker Corp.
|
|
367,837
|
144,460,625
|
Thermo Fisher Scientific, Inc.
|
|
336,909
|
157,565,601
|
UnitedHealth Group, Inc.
|
|
451,138
|
112,585,999
|
Universal Health Services, Inc.,
Class B
|
|
812,704
|
135,274,581
|
Vertex Pharmaceuticals, Inc.(b)(c)
|
|
309,471
|
141,388,016
|
Viatris, Inc.
|
|
15,594,311
|
136,294,278
|
Waters Corp.(b)
|
|
404,901
|
116,919,213
|
West Pharmaceutical Services, Inc.
|
|
625,148
|
149,572,911
|
Zimmer Biomet Holdings, Inc.(c)
|
|
1,486,009
|
136,192,725
|
Zoetis, Inc.
|
|
842,527
|
122,832,011
|
|
|
|
8,075,501,784
|
Industrials-15.91%
|
|||
3M Co.
|
|
951,602
|
141,998,050
|
A.O. Smith Corp.
|
|
2,140,150
|
151,501,218
|
Allegion PLC
|
|
1,015,162
|
168,435,679
|
AMETEK, Inc.
|
|
774,028
|
143,079,076
|
Automatic Data Processing, Inc.
|
|
448,625
|
138,849,438
|
Axon Enterprise, Inc.(b)
|
|
179,606
|
135,690,537
|
Boeing Co. (The)(b)
|
|
654,234
|
145,135,271
|
Broadridge Financial Solutions, Inc.
|
|
580,562
|
143,694,901
|
Builders FirstSource, Inc.(b)(c)
|
|
1,224,665
|
155,691,661
|
C.H. Robinson Worldwide, Inc.
|
|
1,480,524
|
170,734,028
|
Carrier Global Corp.
|
|
1,932,214
|
132,588,525
|
Caterpillar, Inc.
|
|
385,535
|
168,872,041
|
Cintas Corp.
|
|
631,655
|
140,574,820
|
Copart, Inc.(b)
|
|
2,773,156
|
125,707,161
|
CSX Corp.
|
|
4,332,996
|
153,994,678
|
Cummins, Inc.
|
|
432,782
|
159,099,319
|
Dayforce, Inc.(b)(c)
|
|
2,309,039
|
133,162,279
|
Deere & Co.
|
|
268,819
|
140,960,619
|
Delta Air Lines, Inc.
|
|
2,847,899
|
151,536,706
|
Dover Corp.
|
|
781,690
|
141,595,327
|
|
Shares
|
Value
|
|
Industrials-(continued)
|
|||
Eaton Corp. PLC
|
|
429,915
|
$165,396,899
|
Emerson Electric Co.
|
|
1,107,461
|
161,146,650
|
Equifax, Inc.
|
|
515,900
|
123,934,657
|
Expeditors International of
Washington, Inc.(c)
|
|
1,223,680
|
142,240,563
|
Fastenal Co.
|
|
3,283,388
|
151,462,688
|
FedEx Corp.
|
|
625,135
|
139,711,421
|
Fortive Corp.
|
|
2,575,364
|
123,437,197
|
GE Vernova, Inc.
|
|
289,956
|
191,455,047
|
Generac Holdings, Inc.(b)(c)
|
|
1,078,733
|
210,018,528
|
General Dynamics Corp.
|
|
507,664
|
158,193,179
|
General Electric Co.
|
|
570,161
|
154,559,244
|
Honeywell International, Inc.
|
|
620,048
|
137,867,673
|
Howmet Aerospace, Inc.
|
|
820,140
|
147,436,568
|
Hubbell, Inc.(c)
|
|
360,215
|
157,586,858
|
Huntington Ingalls Industries, Inc.(c)
|
|
619,010
|
172,617,129
|
IDEX Corp.
|
|
764,687
|
125,033,971
|
Illinois Tool Works, Inc.
|
|
568,301
|
145,468,007
|
Ingersoll Rand, Inc.
|
|
1,683,114
|
142,441,938
|
J.B. Hunt Transport Services, Inc.
|
|
994,347
|
143,235,685
|
Jacobs Solutions, Inc.
|
|
1,102,167
|
156,364,432
|
Johnson Controls International PLC
|
|
1,356,929
|
142,477,545
|
L3Harris Technologies, Inc.
|
|
568,185
|
156,148,602
|
Leidos Holdings, Inc.
|
|
960,040
|
153,270,386
|
Lennox International, Inc.
|
|
254,632
|
155,070,888
|
Lockheed Martin Corp.
|
|
306,645
|
129,091,412
|
Masco Corp.
|
|
2,192,886
|
149,401,323
|
Nordson Corp.(c)
|
|
639,004
|
136,881,047
|
Norfolk Southern Corp.
|
|
557,446
|
154,969,988
|
Northrop Grumman Corp.
|
|
287,000
|
165,487,070
|
Old Dominion Freight Line, Inc.
|
|
863,817
|
128,924,687
|
Otis Worldwide Corp.
|
|
1,468,179
|
125,808,259
|
PACCAR, Inc.
|
|
1,491,610
|
147,311,404
|
Parker-Hannifin Corp.
|
|
208,716
|
152,759,240
|
Paychex, Inc.
|
|
909,180
|
131,221,949
|
Paycom Software, Inc.(c)
|
|
556,278
|
128,800,608
|
Pentair PLC
|
|
1,411,437
|
144,248,861
|
Quanta Services, Inc.
|
|
393,617
|
159,859,672
|
Republic Services, Inc.
|
|
564,445
|
130,189,239
|
Rockwell Automation, Inc.
|
|
430,827
|
151,526,164
|
Rollins, Inc.
|
|
2,457,207
|
140,724,245
|
RTX Corp.
|
|
987,837
|
155,653,476
|
Snap-on, Inc.(c)
|
|
436,838
|
140,307,997
|
Southwest Airlines Co.(c)
|
|
4,181,402
|
129,330,764
|
Stanley Black & Decker, Inc.(c)
|
|
2,055,683
|
139,066,955
|
Textron, Inc.
|
|
1,823,715
|
141,830,316
|
Trane Technologies PLC
|
|
331,468
|
145,209,501
|
TransDigm Group, Inc.
|
|
97,928
|
157,513,271
|
Uber Technologies, Inc.(b)
|
|
1,617,562
|
141,941,066
|
Union Pacific Corp.
|
|
620,338
|
137,696,426
|
United Airlines Holdings, Inc.(b)(c)
|
|
1,781,240
|
157,301,304
|
United Parcel Service, Inc., Class B
|
|
1,384,508
|
119,289,209
|
United Rentals, Inc.
|
|
194,486
|
171,719,469
|
Veralto Corp.
|
|
1,426,142
|
149,502,466
|
Verisk Analytics, Inc.
|
|
450,072
|
125,439,567
|
W.W. Grainger, Inc.
|
|
130,052
|
135,194,256
|
Wabtec Corp.
|
|
686,553
|
131,852,504
|
Waste Management, Inc.(c)
|
|
598,060
|
137,051,430
|
Xylem, Inc.
|
|
1,102,562
|
159,452,516
|
|
|
|
11,452,034,750
|
Information Technology-13.98%
|
|||
Accenture PLC, Class A (Ireland)
|
|
438,973
|
117,249,688
|
|
Shares
|
Value
|
|
Information Technology-(continued)
|
|||
Adobe, Inc.(b)
|
|
338,817
|
$121,191,453
|
Advanced Micro Devices, Inc.(b)
|
|
1,156,341
|
203,874,482
|
Akamai Technologies, Inc.(b)(c)
|
|
1,790,884
|
136,662,358
|
Amphenol Corp., Class A
|
|
1,504,780
|
160,274,118
|
Analog Devices, Inc.
|
|
602,493
|
135,338,003
|
Apple, Inc.
|
|
704,465
|
146,225,800
|
Applied Materials, Inc.
|
|
810,296
|
145,901,898
|
Arista Networks, Inc.(b)
|
|
1,486,371
|
183,150,635
|
Autodesk, Inc.(b)
|
|
471,874
|
143,029,728
|
Broadcom, Inc.
|
|
553,895
|
162,678,961
|
Cadence Design Systems, Inc.(b)
|
|
455,683
|
166,128,351
|
CDW Corp.(c)
|
|
797,225
|
139,020,096
|
Cisco Systems, Inc.
|
|
2,181,416
|
148,510,801
|
Cognizant Technology Solutions Corp.,
Class A
|
|
1,736,510
|
124,611,958
|
Corning, Inc.
|
|
2,775,677
|
175,533,813
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
293,961
|
133,625,852
|
Datadog, Inc., Class A(b)(c)
|
|
1,067,875
|
149,481,142
|
Dell Technologies, Inc., Class C
|
|
1,258,958
|
167,051,137
|
Enphase Energy, Inc.(b)
|
|
3,092,978
|
100,088,768
|
EPAM Systems, Inc.(b)
|
|
793,210
|
125,097,149
|
F5, Inc.(b)
|
|
478,384
|
149,935,113
|
Fair Isaac Corp.(b)
|
|
77,586
|
111,469,358
|
First Solar, Inc.(b)(c)
|
|
834,451
|
145,803,623
|
Fortinet, Inc.(b)
|
|
1,372,568
|
137,119,543
|
Gartner, Inc.(b)
|
|
338,270
|
114,555,136
|
Gen Digital, Inc.(c)
|
|
4,756,679
|
140,274,464
|
GoDaddy, Inc., Class A(b)(c)
|
|
791,938
|
127,961,342
|
Hewlett Packard Enterprise Co.
|
|
7,685,458
|
159,012,126
|
HP, Inc.
|
|
5,642,147
|
139,925,246
|
Intel Corp.
|
|
6,771,404
|
134,073,799
|
International Business Machines Corp.
|
|
497,303
|
125,892,254
|
Intuit, Inc.
|
|
182,842
|
143,554,739
|
Jabil, Inc.
|
|
784,916
|
175,169,704
|
Keysight Technologies, Inc.(b)
|
|
861,784
|
141,255,015
|
KLA Corp.
|
|
160,707
|
141,266,274
|
Lam Research Corp.
|
|
1,539,868
|
146,041,081
|
Microchip Technology, Inc.(c)
|
|
2,012,193
|
136,004,125
|
Micron Technology, Inc.
|
|
1,206,790
|
131,709,061
|
Microsoft Corp.
|
|
295,899
|
157,862,116
|
Monolithic Power Systems, Inc.
|
|
194,251
|
138,159,081
|
Motorola Solutions, Inc.
|
|
342,213
|
150,224,663
|
NetApp, Inc.(c)
|
|
1,364,406
|
142,075,597
|
NVIDIA Corp.
|
|
980,392
|
174,382,325
|
NXP Semiconductors N.V.
(Netherlands)
|
|
644,605
|
137,797,211
|
ON Semiconductor Corp.(b)(c)
|
|
2,704,277
|
152,413,052
|
Oracle Corp.
|
|
794,198
|
201,543,626
|
Palantir Technologies, Inc., Class A(b)
|
|
1,027,074
|
162,637,168
|
Palo Alto Networks, Inc.(b)(c)
|
|
720,856
|
125,140,602
|
PTC, Inc.(b)(c)
|
|
818,882
|
175,904,042
|
QUALCOMM, Inc.
|
|
878,617
|
128,945,831
|
Roper Technologies, Inc.
|
|
246,140
|
135,475,456
|
Salesforce, Inc.
|
|
527,106
|
136,167,293
|
Seagate Technology Holdings PLC
|
|
1,107,279
|
173,853,876
|
ServiceNow, Inc.(b)
|
|
139,139
|
131,224,774
|
Skyworks Solutions, Inc.
|
|
1,922,984
|
131,801,323
|
Super Micro Computer, Inc.(b)(c)
|
|
3,240,615
|
191,099,067
|
Synopsys, Inc.(b)
|
|
279,774
|
177,228,436
|
TE Connectivity PLC (Switzerland)
|
|
844,600
|
173,776,450
|
Teledyne Technologies, Inc.(b)
|
|
281,247
|
154,972,722
|
Teradyne, Inc.
|
|
1,613,557
|
173,344,429
|
|
Shares
|
Value
|
|
Information Technology-(continued)
|
|||
Texas Instruments, Inc.
|
|
701,206
|
$126,960,358
|
Trimble, Inc.(b)
|
|
1,930,579
|
161,956,272
|
Tyler Technologies, Inc.(b)(c)
|
|
239,929
|
140,252,896
|
VeriSign, Inc.
|
|
500,338
|
134,525,878
|
Western Digital Corp.(c)
|
|
2,515,417
|
197,938,164
|
Workday, Inc., Class A(b)(c)
|
|
557,435
|
127,864,440
|
Zebra Technologies Corp., Class A(b)
|
|
478,399
|
162,186,829
|
|
|
|
10,063,462,171
|
Materials-5.04%
|
|||
Air Products and Chemicals, Inc.
|
|
496,080
|
142,811,510
|
Albemarle Corp.(c)
|
|
2,151,856
|
146,003,430
|
Amcor PLC
|
|
15,286,868
|
142,932,216
|
Avery Dennison Corp.
|
|
789,687
|
132,485,788
|
Ball Corp.
|
|
2,549,238
|
145,969,368
|
CF Industries Holdings, Inc.
|
|
1,470,693
|
136,524,431
|
Corteva, Inc.
|
|
1,942,911
|
140,142,170
|
Dow, Inc.(c)
|
|
4,565,105
|
106,321,295
|
DuPont de Nemours, Inc.
|
|
2,018,092
|
145,100,815
|
Eastman Chemical Co.
|
|
1,749,507
|
127,031,703
|
Ecolab, Inc.
|
|
523,031
|
136,908,595
|
Freeport-McMoRan, Inc.
|
|
3,414,582
|
137,402,780
|
International Flavors & Fragrances,
Inc.(c)
|
|
1,787,679
|
126,978,839
|
International Paper Co.
|
|
2,974,372
|
139,022,147
|
Linde PLC
|
|
298,507
|
137,390,832
|
LyondellBasell Industries N.V., Class A
|
|
2,291,407
|
132,741,208
|
Martin Marietta Materials, Inc.
|
|
256,169
|
147,266,435
|
Mosaic Co. (The)
|
|
4,041,299
|
145,527,177
|
Newmont Corp.
|
|
2,627,221
|
163,150,424
|
Nucor Corp.
|
|
1,196,078
|
171,122,879
|
Packaging Corp. of America
|
|
725,296
|
140,526,100
|
PPG Industries, Inc.
|
|
1,239,009
|
130,715,450
|
Sherwin-Williams Co. (The)
|
|
392,141
|
129,751,614
|
Smurfit WestRock PLC
|
|
3,227,495
|
143,236,228
|
Steel Dynamics, Inc.
|
|
1,077,542
|
137,451,258
|
Vulcan Materials Co.
|
|
536,157
|
147,266,243
|
|
|
|
3,631,780,935
|
Real Estate-5.91%
|
|||
Alexandria Real Estate Equities, Inc.(c)
|
|
1,913,329
|
146,235,735
|
American Tower Corp.
|
|
653,139
|
136,107,636
|
AvalonBay Communities, Inc.
|
|
678,418
|
126,375,705
|
BXP, Inc.(c)
|
|
1,918,940
|
125,556,244
|
Camden Property Trust
|
|
1,192,925
|
130,267,410
|
CBRE Group, Inc., Class A(b)
|
|
1,046,235
|
162,940,639
|
CoStar Group, Inc.(b)
|
|
1,712,009
|
162,966,137
|
Crown Castle, Inc.
|
|
1,408,381
|
148,006,759
|
Digital Realty Trust, Inc.
|
|
796,820
|
140,590,921
|
Equinix, Inc., REIT(c)
|
|
156,711
|
123,044,776
|
Equity Residential(c)
|
|
2,021,517
|
127,759,874
|
Essex Property Trust, Inc.(c)
|
|
489,796
|
127,435,123
|
Extra Space Storage, Inc.
|
|
931,830
|
125,200,679
|
Federal Realty Investment Trust
|
|
1,451,851
|
133,802,588
|
Healthpeak Properties, Inc.
|
|
7,997,638
|
135,479,988
|
Host Hotels & Resorts, Inc.
|
|
8,767,904
|
137,831,451
|
Invitation Homes, Inc.
|
|
4,203,092
|
128,824,770
|
Iron Mountain, Inc.
|
|
1,387,033
|
135,041,533
|
Kimco Realty Corp.
|
|
6,671,835
|
141,643,057
|
Mid-America Apartment Communities,
Inc.
|
|
931,260
|
132,639,362
|
Prologis, Inc., REIT
|
|
1,290,686
|
137,819,451
|
Public Storage
|
|
466,524
|
126,866,537
|
|
Shares
|
Value
|
|
Real Estate-(continued)
|
|||
Realty Income Corp., REIT
|
|
2,424,482
|
$136,086,175
|
Regency Centers Corp.(c)
|
|
1,972,227
|
140,817,008
|
SBA Communications Corp., Class A(c)
|
|
623,024
|
140,005,953
|
Simon Property Group, Inc.
|
|
877,355
|
143,701,975
|
UDR, Inc.
|
|
3,368,820
|
132,360,938
|
Ventas, Inc.
|
|
2,208,601
|
148,373,815
|
VICI Properties, Inc.(c)
|
|
4,311,623
|
140,558,910
|
Welltower, Inc., REIT
|
|
932,007
|
153,846,395
|
Weyerhaeuser Co.(c)
|
|
5,118,582
|
128,220,479
|
|
|
|
4,256,408,023
|
Utilities-6.42%
|
|||
AES Corp. (The)
|
|
12,199,582
|
160,424,503
|
Alliant Energy Corp.
|
|
2,291,045
|
148,940,835
|
Ameren Corp.(c)
|
|
1,461,174
|
147,768,527
|
American Electric Power Co., Inc.(c)
|
|
1,373,772
|
155,428,564
|
American Water Works Co., Inc.
|
|
996,470
|
139,744,953
|
Atmos Energy Corp.
|
|
918,991
|
143,289,077
|
CenterPoint Energy, Inc.(c)
|
|
3,886,562
|
150,876,337
|
CMS Energy Corp.
|
|
2,000,616
|
147,645,461
|
Consolidated Edison, Inc.
|
|
1,365,551
|
141,334,528
|
Constellation Energy Corp.
|
|
479,515
|
166,794,497
|
Dominion Energy, Inc.(c)
|
|
2,520,107
|
147,300,254
|
DTE Energy Co.
|
|
1,038,119
|
143,686,051
|
Duke Energy Corp.
|
|
1,203,490
|
146,392,524
|
Edison International
|
|
2,822,818
|
147,125,274
|
Entergy Corp.
|
|
1,704,948
|
154,178,448
|
Evergy, Inc.(c)
|
|
2,074,306
|
146,860,865
|
Eversource Energy
|
|
2,136,620
|
141,230,582
|
Exelon Corp.
|
|
3,265,859
|
146,767,703
|
FirstEnergy Corp.
|
|
3,482,708
|
148,746,459
|
NextEra Energy, Inc.
|
|
1,918,317
|
136,315,606
|
NiSource, Inc.
|
|
3,549,054
|
150,657,342
|
NRG Energy, Inc.
|
|
939,378
|
157,064,001
|
PG&E Corp.
|
|
9,732,285
|
136,446,636
|
Pinnacle West Capital Corp.
|
|
1,569,806
|
142,255,820
|
PPL Corp.(c)
|
|
4,145,601
|
147,956,500
|
Public Service Enterprise Group, Inc.
|
|
1,732,993
|
155,605,441
|
|
Shares
|
Value
|
|
Utilities-(continued)
|
|||
Sempra
|
|
1,843,175
|
$150,550,534
|
Southern Co. (The)
|
|
1,563,762
|
147,744,234
|
Vistra Corp.
|
|
839,928
|
175,158,585
|
WEC Energy Group, Inc.(c)
|
|
1,326,346
|
144,677,822
|
Xcel Energy, Inc.
|
|
2,052,029
|
150,701,010
|
|
|
|
4,619,668,973
|
Total Common Stocks & Other Equity Interests
(Cost $67,659,493,250)
|
71,839,063,065
|
||
Money Market Funds-0.14%
|
|||
Invesco Government & Agency
Portfolio, Institutional Class,
4.25%(d)(e)
(Cost $100,488,744)
|
|
100,488,744
|
100,488,744
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.92%
(Cost $67,759,981,994)
|
71,939,551,809
|
||
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
Money Market Funds-4.07%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
771,481,224
|
771,481,224
|
Invesco Private Prime Fund,
4.46%(d)(e)(f)
|
|
2,159,463,791
|
2,159,895,684
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $2,931,376,908)
|
2,931,376,908
|
||
TOTAL INVESTMENTS IN SECURITIES-103.99%
(Cost $70,691,358,902)
|
74,870,928,717
|
||
OTHER ASSETS LESS LIABILITIES-(3.99)%
|
(2,869,526,847
)
|
||
NET ASSETS-100.00%
|
$72,001,401,870
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Invesco Ltd.
|
$128,171,783
|
$16,394,421
|
$(16,125,176
)
|
$65,466,861
|
$1,314,468
|
$195,222,357
|
$1,926,806
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco
Government &
Agency Portfolio,
Institutional Class
|
85,360,814
|
652,597,669
|
(637,469,739
)
|
-
|
-
|
100,488,744
|
1,048,909
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments
Purchased with
Cash Collateral
from Securities on
Loan:
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$864,508,230
|
$1,756,694,176
|
$(1,849,721,182
)
|
$-
|
$-
|
$771,481,224
|
$9,472,842
*
|
Invesco Private
Prime Fund
|
2,288,058,550
|
3,237,532,142
|
(3,365,696,210
)
|
168,661
|
(167,459
)
|
2,159,895,684
|
25,881,196
*
|
Total
|
$3,366,099,377
|
$5,663,218,408
|
$(5,869,012,307
)
|
$65,635,522
|
$1,147,009
|
$3,227,088,009
|
$38,329,753
|
*
|
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 July 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.
|
Open Futures Contracts(a)
|
|||||
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
|
Equity Risk
|
|
|
|
|
|
E-mini S&P 500 Equal Weight
|
940
|
September-2025
|
$140,257,400
|
$3,418,562
|
$3,418,562
|
(a)
|
Futures contracts collateralized by $28,730,830 cash held with Morgan Stanley & Co.
LLC, the futures commission merchant.
|
|
Shares
|
Value
|
|
Common Stocks & Other Equity Interests-99.91%
|
|||
Diversified Telecommunication Services-17.16%
|
|||
AT&T, Inc.
|
|
104,885
|
$2,874,898
|
Frontier Communications Parent, Inc.(b)
|
|
82,225
|
3,020,946
|
T-Mobile US, Inc.
|
|
12,872
|
3,068,814
|
Verizon Communications, Inc.
|
|
67,957
|
2,905,841
|
|
|
|
11,870,499
|
Entertainment-31.05%
|
|||
Electronic Arts, Inc.
|
|
20,128
|
3,069,319
|
Live Nation Entertainment, Inc.(b)(c)
|
|
20,701
|
3,057,538
|
Netflix, Inc.(b)
|
|
2,437
|
2,825,458
|
Take-Two Interactive Software, Inc.(b)
|
|
12,662
|
2,820,207
|
TKO Group Holdings, Inc.
|
|
18,023
|
3,028,044
|
Walt Disney Co. (The)
|
|
24,869
|
2,962,146
|
Warner Bros. Discovery, Inc.(b)
|
|
282,822
|
3,724,766
|
|
|
|
21,487,478
|
Interactive Media & Services-14.09%
|
|||
Alphabet, Inc., Class A
|
|
9,232
|
1,771,621
|
Alphabet, Inc., Class C
|
|
7,447
|
1,436,228
|
Match Group, Inc.
|
|
94,243
|
3,229,708
|
Meta Platforms, Inc., Class A
|
|
4,282
|
3,311,870
|
|
|
|
9,749,427
|
Media-37.61%
|
|||
Charter Communications, Inc., Class A(b)
|
|
7,435
|
2,002,692
|
Comcast Corp., Class A
|
|
84,493
|
2,807,702
|
Fox Corp., Class A
|
|
34,744
|
1,937,325
|
Fox Corp., Class B
|
|
21,388
|
1,093,782
|
Interpublic Group of Cos., Inc. (The)
|
|
125,103
|
3,077,534
|
New York Times Co. (The), Class A
|
|
53,336
|
2,767,605
|
News Corp., Class A
|
|
79,722
|
2,337,449
|
News Corp., Class B(c)
|
|
23,526
|
786,239
|
Omnicom Group, Inc.(c)
|
|
40,552
|
2,921,772
|
|
Shares
|
Value
|
|
Media-(continued)
|
|||
Paramount Global, Class B(c)
|
|
242,848
|
$3,052,599
|
Trade Desk, Inc. (The), Class A(b)
|
|
37,252
|
3,239,434
|
|
|
|
26,024,133
|
Total Common Stocks & Other Equity Interests
(Cost $61,011,543)
|
69,131,537
|
||
|
|||
Money Market Funds-0.01%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $3,519)
|
|
3,519
|
3,519
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.92%
(Cost $61,015,062)
|
69,135,056
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-13.88%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
2,664,996
|
2,664,996
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
6,940,268
|
6,941,656
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $9,606,652)
|
9,606,652
|
||
TOTAL INVESTMENTS IN SECURITIES-113.80%
(Cost $70,621,714)
|
78,741,708
|
||
OTHER ASSETS LESS LIABILITIES-(13.80)%
|
(9,549,362
)
|
||
NET ASSETS-100.00%
|
$69,192,346
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$26,689
|
$330,815
|
$(353,985
)
|
$-
|
$-
|
$3,519
|
$181
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
2,364,647
|
16,915,791
|
(16,615,442
)
|
-
|
-
|
2,664,996
|
26,694
*
|
Invesco Private Prime Fund
|
6,180,518
|
37,473,909
|
(36,712,720
)
|
6
|
(57
)
|
6,941,656
|
69,155
*
|
Total
|
$8,571,854
|
$54,720,515
|
$(53,682,147
)
|
$6
|
$(57
)
|
$9,610,171
|
$96,030
|
*
|
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 July 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-99.99%
|
|||
Automobile Components-1.83%
|
|||
Aptiv PLC (Jersey)(b)
|
|
53,802
|
$3,692,969
|
Automobiles-5.69%
|
|||
Ford Motor Co.
|
|
354,209
|
3,921,094
|
General Motors Co.
|
|
75,710
|
4,038,371
|
Tesla, Inc.(b)
|
|
11,554
|
3,561,752
|
|
|
|
11,521,217
|
Broadline Retail-4.25%
|
|||
Amazon.com, Inc.(b)
|
|
17,715
|
4,147,259
|
eBay, Inc.
|
|
48,478
|
4,447,856
|
|
|
|
8,595,115
|
Distributors-5.26%
|
|||
Genuine Parts Co.
|
|
30,631
|
3,947,723
|
LKQ Corp.
|
|
95,874
|
2,825,407
|
Pool Corp.
|
|
12,593
|
3,880,407
|
|
|
|
10,653,537
|
Hotels, Restaurants & Leisure-37.78%
|
|||
Airbnb, Inc., Class A(b)
|
|
27,359
|
3,622,605
|
Booking Holdings, Inc.
|
|
687
|
3,781,289
|
Caesars Entertainment, Inc.(b)
|
|
135,334
|
3,610,711
|
Carnival Corp.(b)
|
|
158,187
|
4,709,227
|
Chipotle Mexican Grill, Inc.(b)
|
|
72,913
|
3,126,509
|
Darden Restaurants, Inc.
|
|
17,351
|
3,499,176
|
Domino’s Pizza, Inc.
|
|
8,448
|
3,913,198
|
DoorDash, Inc., Class A(b)
|
|
17,340
|
4,339,335
|
Expedia Group, Inc.
|
|
21,792
|
3,927,354
|
Hilton Worldwide Holdings, Inc.
|
|
14,883
|
3,989,835
|
Las Vegas Sands Corp.
|
|
90,255
|
4,729,362
|
Marriott International, Inc., Class A
|
|
14,180
|
3,741,109
|
McDonald’s Corp.
|
|
12,515
|
3,755,376
|
MGM Resorts International(b)
|
|
113,626
|
4,141,668
|
Norwegian Cruise Line Holdings Ltd.(b)
|
|
197,898
|
5,058,273
|
Royal Caribbean Cruises Ltd.(c)
|
|
14,079
|
4,475,292
|
Starbucks Corp.
|
|
39,573
|
3,528,329
|
Wynn Resorts Ltd.
|
|
43,151
|
4,704,754
|
Yum! Brands, Inc.
|
|
26,318
|
3,793,740
|
|
|
|
76,447,142
|
Household Durables-11.97%
|
|||
D.R. Horton, Inc.
|
|
30,260
|
4,322,338
|
Garmin Ltd.
|
|
18,058
|
3,950,368
|
Lennar Corp., Class A
|
|
33,866
|
3,799,088
|
Mohawk Industries, Inc.(b)
|
|
36,061
|
4,129,345
|
NVR, Inc.(b)
|
|
515
|
3,887,987
|
PulteGroup, Inc.
|
|
36,517
|
4,123,500
|
|
|
|
24,212,626
|
Leisure Products-2.03%
|
|||
Hasbro, Inc.
|
|
54,682
|
4,109,899
|
|
Shares
|
Value
|
|
Specialty Retail-21.11%
|
|||
AutoZone, Inc.(b)
|
|
1,027
|
$3,870,126
|
Best Buy Co., Inc.
|
|
51,982
|
3,381,949
|
CarMax, Inc.(b)
|
|
55,676
|
3,151,818
|
Home Depot, Inc. (The)
|
|
10,464
|
3,845,625
|
Lowe’s Cos., Inc.
|
|
17,048
|
3,811,421
|
O’Reilly Automotive, Inc.(b)
|
|
41,951
|
4,124,622
|
Ross Stores, Inc.
|
|
27,692
|
3,781,066
|
TJX Cos., Inc. (The)
|
|
30,333
|
3,777,369
|
Tractor Supply Co.(c)
|
|
73,591
|
4,191,007
|
Ulta Beauty, Inc.(b)
|
|
8,258
|
4,252,953
|
Williams-Sonoma, Inc.
|
|
24,269
|
4,539,516
|
|
|
|
42,727,472
|
Textiles, Apparel & Luxury Goods-10.07%
|
|||
Deckers Outdoor Corp.(b)
|
|
34,988
|
3,714,676
|
lululemon athletica, inc.(b)
|
|
14,958
|
2,999,528
|
NIKE, Inc., Class B
|
|
59,821
|
4,468,031
|
Ralph Lauren Corp.
|
|
14,091
|
4,209,686
|
Tapestry, Inc.
|
|
46,170
|
4,987,745
|
|
|
|
20,379,666
|
Total Common Stocks & Other Equity Interests
(Cost $206,312,302)
|
202,339,643
|
||
|
|||
Money Market Funds-0.01%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $27,796)
|
|
27,796
|
27,796
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.00%
(Cost $206,340,098)
|
202,367,439
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-2.30%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
1,288,261
|
1,288,261
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
3,356,490
|
3,357,161
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $4,645,623)
|
4,645,422
|
||
TOTAL INVESTMENTS IN SECURITIES-102.30%
(Cost $210,985,721)
|
207,012,861
|
||
OTHER ASSETS LESS LIABILITIES-(2.30)%
|
(4,648,216
)
|
||
NET ASSETS-100.00%
|
$202,364,645
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$14,183
|
$876,743
|
$(863,130
)
|
$-
|
$-
|
$27,796
|
$1,357
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
3,832,009
|
9,294,879
|
(11,838,627
)
|
-
|
-
|
1,288,261
|
26,805
*
|
Invesco Private Prime Fund
|
9,939,498
|
23,883,960
|
(30,465,995
)
|
(200
)
|
(102
)
|
3,357,161
|
71,766
*
|
Total
|
$13,785,690
|
$34,055,582
|
$(43,167,752
)
|
$(200
)
|
$(102
)
|
$4,673,218
|
$99,928
|
*
|
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 July 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%
|
|||
Beverages-18.14%
|
|||
Brown-Forman Corp., Class B(b)
|
|
241,965
|
$6,980,690
|
Coca-Cola Co. (The)
|
|
92,330
|
6,268,284
|
Constellation Brands, Inc., Class A
|
|
39,361
|
6,574,862
|
Keurig Dr Pepper, Inc.
|
|
202,491
|
6,611,331
|
Molson Coors Beverage Co., Class B
|
|
128,566
|
6,263,736
|
Monster Beverage Corp.(c)
|
|
106,323
|
6,246,476
|
PepsiCo, Inc.
|
|
51,221
|
7,064,400
|
|
|
|
46,009,779
|
Consumer Staples Distribution & Retail-21.81%
|
|||
Costco Wholesale Corp.
|
|
6,674
|
6,271,157
|
Dollar General Corp.
|
|
59,704
|
6,262,950
|
Dollar Tree, Inc.(c)
|
|
70,619
|
8,018,788
|
Kroger Co. (The)
|
|
102,969
|
7,218,127
|
Sysco Corp.
|
|
89,024
|
7,086,310
|
Target Corp.
|
|
67,812
|
6,815,106
|
Walgreens Boots Alliance, Inc.
|
|
586,778
|
6,830,096
|
Walmart, Inc.
|
|
69,458
|
6,805,495
|
|
|
|
55,308,029
|
Food Products-36.38%
|
|||
Archer-Daniels-Midland Co.
|
|
136,701
|
7,406,460
|
Bunge Global S.A.
|
|
88,165
|
7,032,040
|
Campbell’s Co. (The)(b)
|
|
199,249
|
6,360,028
|
Conagra Brands, Inc.
|
|
297,507
|
5,432,478
|
General Mills, Inc.
|
|
122,710
|
6,010,336
|
Hershey Co. (The)
|
|
39,598
|
7,370,376
|
Hormel Foods Corp.
|
|
215,139
|
6,043,254
|
J.M. Smucker Co. (The)
|
|
69,405
|
7,449,933
|
Kellanova
|
|
81,539
|
6,509,258
|
Kraft Heinz Co. (The)
|
|
251,868
|
6,916,295
|
Lamb Weston Holdings, Inc.
|
|
119,324
|
6,809,821
|
McCormick & Co., Inc.
|
|
87,990
|
6,214,734
|
Mondelez International, Inc., Class A
|
|
99,390
|
6,429,539
|
Tyson Foods, Inc., Class A
|
|
120,173
|
6,285,048
|
|
|
|
92,269,600
|
Household Products-12.37%
|
|||
Church & Dwight Co., Inc.
|
|
67,144
|
6,296,093
|
Clorox Co. (The)
|
|
52,695
|
6,616,384
|
Colgate-Palmolive Co.
|
|
72,240
|
6,057,324
|
|
Shares
|
Value
|
|
Household Products-(continued)
|
|||
Kimberly-Clark Corp.
|
|
50,089
|
$6,242,091
|
Procter & Gamble Co. (The)
|
|
41,046
|
6,176,192
|
|
|
|
31,388,084
|
Personal Care Products-6.08%
|
|||
Estee Lauder Cos., Inc. (The), Class A
|
|
95,214
|
8,887,275
|
Kenvue, Inc.
|
|
304,567
|
6,529,916
|
|
|
|
15,417,191
|
Tobacco-5.06%
|
|||
Altria Group, Inc.
|
|
111,071
|
6,879,738
|
Philip Morris International, Inc.
|
|
36,293
|
5,953,866
|
|
|
|
12,833,604
|
Total Common Stocks & Other Equity Interests
(Cost $313,106,707)
|
253,226,287
|
||
|
|||
Money Market Funds-0.02%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $47,806)
|
|
47,806
|
47,806
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.86%
(Cost $313,154,513)
|
253,274,093
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-5.39%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
3,794,447
|
3,794,447
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
9,878,337
|
9,880,313
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $13,674,760)
|
13,674,760
|
||
TOTAL INVESTMENTS IN SECURITIES-105.25%
(Cost $326,829,273)
|
266,948,853
|
||
OTHER ASSETS LESS LIABILITIES-(5.25)%
|
(13,319,409
)
|
||
NET ASSETS-100.00%
|
$253,629,444
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$29,276
|
$2,033,035
|
$(2,014,505
)
|
$-
|
$-
|
$47,806
|
$1,954
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
$6,166,076
|
$10,725,970
|
$(13,097,599
)
|
$-
|
$-
|
$3,794,447
|
$36,343
*
|
Invesco Private Prime Fund
|
15,997,189
|
23,700,676
|
(29,817,553
)
|
607
|
(606
)
|
9,880,313
|
99,197
*
|
Total
|
$22,192,541
|
$36,459,681
|
$(44,929,657
)
|
$607
|
$(606
)
|
$13,722,566
|
$137,494
|
*
|
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 July 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-99.83%
|
|||
Energy Equipment & Services-14.75%
|
|||
Baker Hughes Co., Class A
|
|
516,705
|
$23,277,560
|
Halliburton Co.
|
|
911,244
|
20,411,866
|
Schlumberger N.V.
|
|
566,560
|
19,149,728
|
|
|
|
62,839,154
|
Oil, Gas & Consumable Fuels-85.08%
|
|||
APA Corp.
|
|
1,031,132
|
19,890,536
|
Chevron Corp.
|
|
139,665
|
21,178,801
|
ConocoPhillips
|
|
216,610
|
20,651,597
|
Coterra Energy, Inc.
|
|
784,348
|
19,130,248
|
Devon Energy Corp.
|
|
586,613
|
19,487,284
|
Diamondback Energy, Inc.
|
|
135,782
|
20,185,352
|
EOG Resources, Inc.
|
|
168,617
|
20,237,412
|
EQT Corp.
|
|
374,663
|
20,138,136
|
Exxon Mobil Corp.
|
|
184,982
|
20,651,391
|
Kinder Morgan, Inc.
|
|
734,756
|
20,617,253
|
Marathon Petroleum Corp.
|
|
122,802
|
20,899,672
|
Occidental Petroleum Corp.
|
|
450,948
|
19,814,655
|
ONEOK, Inc.
|
|
243,915
|
20,027,861
|
Phillips 66
|
|
167,180
|
20,660,105
|
Targa Resources Corp.
|
|
119,100
|
19,819,431
|
Texas Pacific Land Corp.(b)
|
|
18,382
|
17,796,166
|
Valero Energy Corp.
|
|
150,833
|
20,710,879
|
Williams Cos., Inc. (The)
|
|
340,298
|
20,400,865
|
|
|
|
362,297,644
|
Total Common Stocks & Other Equity Interests
(Cost $433,319,753)
|
425,136,798
|
|
Shares
|
Value
|
|
|
|||
Money Market Funds-0.02%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $108,700)
|
|
108,700
|
$108,700
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.85%
(Cost $433,428,453)
|
425,245,498
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-0.26%
|
|||
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
302,282
|
302,282
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
787,047
|
787,204
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $1,089,494)
|
1,089,486
|
||
TOTAL INVESTMENTS IN SECURITIES-100.11%
(Cost $434,517,947)
|
426,334,984
|
||
OTHER ASSETS LESS LIABILITIES-(0.11)%
|
(485,541
)
|
||
NET ASSETS-100.00%
|
$425,849,443
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$164,089
|
$4,316,300
|
$(4,371,689
)
|
$-
|
$-
|
$108,700
|
$2,518
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
5,780,543
|
2,188,985
|
(7,667,246
)
|
-
|
-
|
302,282
|
32,807
*
|
Invesco Private Prime Fund
|
15,049,714
|
5,596,356
|
(19,858,858
)
|
1,044
|
(1,052
)
|
787,204
|
88,015
*
|
Total
|
$20,994,346
|
$12,101,641
|
$(31,897,793
)
|
$1,044
|
$(1,052
)
|
$1,198,186
|
$123,340
|
*
|
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 July 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-99.96%(a)
|
|||
Banks-18.25%
|
|||
Bank of America Corp.
|
|
92,718
|
$4,382,780
|
Citigroup, Inc.
|
|
52,912
|
4,957,854
|
Citizens Financial Group, Inc.
|
|
100,175
|
4,780,351
|
Fifth Third Bancorp
|
|
105,960
|
4,404,757
|
Huntington Bancshares, Inc.
|
|
257,754
|
4,234,898
|
JPMorgan Chase & Co.
|
|
15,466
|
4,581,648
|
KeyCorp
|
|
255,531
|
4,579,116
|
M&T Bank Corp.
|
|
22,475
|
4,241,032
|
PNC Financial Services Group, Inc. (The)
|
|
23,333
|
4,439,570
|
Regions Financial Corp.
|
|
186,059
|
4,712,874
|
Truist Financial Corp.
|
|
103,012
|
4,502,655
|
U.S. Bancorp
|
|
93,830
|
4,218,597
|
Wells Fargo & Co.
|
|
55,349
|
4,462,790
|
|
|
|
58,498,922
|
Capital Markets-34.64%
|
|||
Ameriprise Financial, Inc.
|
|
8,043
|
4,167,802
|
Bank of New York Mellon Corp. (The)
|
|
46,307
|
4,697,845
|
BlackRock, Inc.
|
|
4,175
|
4,617,592
|
Blackstone, Inc., Class A
|
|
29,332
|
5,073,263
|
Cboe Global Markets, Inc.
|
|
18,607
|
4,485,031
|
Charles Schwab Corp. (The)
|
|
46,915
|
4,585,003
|
CME Group, Inc., Class A
|
|
15,380
|
4,279,946
|
Coinbase Global, Inc., Class A(b)
|
|
16,544
|
6,249,661
|
FactSet Research Systems, Inc.
|
|
9,796
|
3,946,808
|
Franklin Resources, Inc.
|
|
183,996
|
4,415,904
|
Goldman Sachs Group, Inc. (The)
|
|
6,644
|
4,807,532
|
Intercontinental Exchange, Inc.
|
|
23,365
|
4,318,553
|
Invesco Ltd.(c)
|
|
275,200
|
5,781,952
|
KKR & Co., Inc., Class A
|
|
32,915
|
4,824,681
|
MarketAxess Holdings, Inc.
|
|
18,431
|
3,787,571
|
Moody’s Corp.
|
|
8,577
|
4,423,416
|
Morgan Stanley
|
|
31,464
|
4,482,361
|
MSCI, Inc.
|
|
7,480
|
4,198,973
|
Nasdaq, Inc.
|
|
47,785
|
4,597,873
|
Northern Trust Corp.
|
|
38,245
|
4,971,850
|
Raymond James Financial, Inc.
|
|
28,073
|
4,691,841
|
S&P Global, Inc.
|
|
8,069
|
4,446,826
|
State Street Corp.
|
|
42,623
|
4,763,120
|
T. Rowe Price Group, Inc.
|
|
43,610
|
4,424,235
|
|
|
|
111,039,639
|
Consumer Finance-4.14%
|
|||
American Express Co.
|
|
13,866
|
4,150,232
|
Capital One Financial Corp.
|
|
20,682
|
4,446,630
|
Synchrony Financial
|
|
67,119
|
4,676,181
|
|
|
|
13,273,043
|
Financial Services-13.68%
|
|||
Apollo Global Management, Inc.
|
|
30,046
|
4,366,285
|
Berkshire Hathaway, Inc., Class B(b)
|
|
8,496
|
4,009,092
|
Block, Inc., Class A(b)
|
|
57,242
|
4,422,517
|
Corpay, Inc.(b)
|
|
11,892
|
3,841,711
|
Fidelity National Information Services, Inc.
|
|
51,163
|
4,062,854
|
Fiserv, Inc.(b)
|
|
24,676
|
3,428,483
|
Global Payments, Inc.
|
|
52,082
|
4,163,956
|
Jack Henry & Associates, Inc.
|
|
23,067
|
3,917,123
|
Mastercard, Inc., Class A
|
|
7,020
|
3,976,619
|
|
Shares
|
Value
|
|
Financial Services-(continued)
|
|||
PayPal Holdings, Inc.(b)
|
|
55,586
|
$3,822,093
|
Visa, Inc., Class A
|
|
11,109
|
3,837,826
|
|
|
|
43,848,559
|
Insurance-29.25%
|
|||
Aflac, Inc.
|
|
40,920
|
4,065,811
|
Allstate Corp. (The)
|
|
21,140
|
4,296,705
|
American International Group, Inc.
|
|
49,138
|
3,814,583
|
Aon PLC, Class A
|
|
11,867
|
4,221,211
|
Arch Capital Group Ltd.
|
|
46,395
|
3,992,754
|
Arthur J. Gallagher & Co.
|
|
13,253
|
3,806,924
|
Assurant, Inc.
|
|
21,101
|
3,952,217
|
Brown & Brown, Inc.
|
|
39,694
|
3,626,841
|
Chubb Ltd.
|
|
14,521
|
3,863,167
|
Cincinnati Financial Corp.
|
|
28,215
|
4,161,995
|
Erie Indemnity Co., Class A(d)
|
|
11,625
|
4,141,290
|
Everest Group Ltd.
|
|
12,369
|
4,153,510
|
Globe Life, Inc.
|
|
34,624
|
4,863,633
|
Hartford Insurance Group, Inc. (The)
|
|
33,346
|
4,147,909
|
Loews Corp.
|
|
46,835
|
4,240,441
|
Marsh & McLennan Cos., Inc.
|
|
19,086
|
3,801,931
|
MetLife, Inc.
|
|
52,557
|
3,991,704
|
Principal Financial Group, Inc.
|
|
54,220
|
4,219,943
|
Progressive Corp. (The)
|
|
15,756
|
3,813,582
|
Prudential Financial, Inc.
|
|
39,645
|
4,106,429
|
Travelers Cos., Inc. (The)
|
|
15,873
|
4,130,789
|
W.R. Berkley Corp.
|
|
57,291
|
3,942,194
|
Willis Towers Watson PLC
|
|
14,013
|
4,425,446
|
|
|
|
93,781,009
|
Total Common Stocks & Other Equity Interests
(Cost $258,161,267)
|
320,441,172
|
||
|
|||
Money Market Funds-0.02%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(e)
(Cost $50,687)
|
|
50,687
|
50,687
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $258,211,954)
|
320,491,859
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-0.00%
|
|||
Invesco Private Government Fund,
4.32%(c)(e)(f)
|
|
2,766
|
2,766
|
Invesco Private Prime Fund, 4.46%(c)(e)(f)
|
|
6,246
|
6,247
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $9,013)
|
9,013
|
||
TOTAL INVESTMENTS IN SECURITIES-99.98%
(Cost $258,220,967)
|
320,500,872
|
||
OTHER ASSETS LESS LIABILITIES-0.02%
|
63,631
|
||
NET ASSETS-100.00%
|
$320,564,503
|
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)
|
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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Invesco Ltd.
|
$3,717,095
|
$283,741
|
$(170,274
)
|
$1,974,223
|
$(22,833
)
|
$5,781,952
|
$55,905
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
157,209
|
1,400,208
|
(1,506,730
)
|
-
|
-
|
50,687
|
2,175
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
2,814,765
|
18,232,635
|
(21,044,634
)
|
-
|
-
|
2,766
|
15,411
*
|
Invesco Private Prime Fund
|
7,363,982
|
49,951,283
|
(57,309,018
)
|
-
|
-
|
6,247
|
41,294
*
|
Total
|
$14,053,051
|
$69,867,867
|
$(80,030,656
)
|
$1,974,223
|
$(22,833
)
|
$5,841,652
|
$114,785
|
*
|
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)
|
All or a portion of this security was out on loan at July 31, 2025.
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 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-99.88%
|
|||
Biotechnology-14.21%
|
|||
AbbVie, Inc.
|
|
61,760
|
$11,673,875
|
Amgen, Inc.
|
|
40,478
|
11,945,058
|
Biogen, Inc.(b)
|
|
88,883
|
11,377,024
|
Gilead Sciences, Inc.
|
|
108,189
|
12,148,543
|
Incyte Corp.(b)
|
|
171,739
|
12,861,534
|
Moderna, Inc.(b)(c)
|
|
426,070
|
12,594,629
|
Regeneron Pharmaceuticals, Inc.
|
|
22,826
|
12,450,670
|
Vertex Pharmaceuticals, Inc.(b)
|
|
26,104
|
11,926,134
|
|
|
|
96,977,467
|
Health Care Equipment & Supplies-31.76%
|
|||
Abbott Laboratories
|
|
87,373
|
11,025,599
|
Align Technology, Inc.(b)
|
|
63,748
|
8,224,129
|
Baxter International, Inc.
|
|
376,523
|
8,193,140
|
Becton, Dickinson and Co.
|
|
68,450
|
12,201,212
|
Boston Scientific Corp.(b)
|
|
118,911
|
12,476,142
|
Cooper Cos., Inc. (The)(b)
|
|
165,514
|
11,700,185
|
DexCom, Inc.(b)
|
|
142,484
|
11,508,433
|
Edwards Lifesciences Corp.(b)
|
|
156,662
|
12,424,863
|
GE HealthCare Technologies, Inc.
|
|
161,063
|
11,487,013
|
Hologic, Inc.(b)
|
|
183,062
|
12,232,203
|
IDEXX Laboratories, Inc.(b)
|
|
22,574
|
12,061,514
|
Insulet Corp.(b)
|
|
39,117
|
11,281,343
|
Intuitive Surgical, Inc.(b)
|
|
22,654
|
10,898,613
|
Medtronic PLC
|
|
134,251
|
12,114,810
|
ResMed, Inc.
|
|
47,056
|
12,796,409
|
Solventum Corp.(b)
|
|
158,886
|
11,338,105
|
STERIS PLC
|
|
49,118
|
11,124,736
|
Stryker Corp.
|
|
30,997
|
12,173,452
|
Zimmer Biomet Holdings, Inc.
|
|
125,481
|
11,500,334
|
|
|
|
216,762,235
|
Health Care Providers & Services-24.69%
|
|||
Cardinal Health, Inc.
|
|
77,015
|
11,954,268
|
Cencora, Inc.
|
|
41,235
|
11,796,509
|
Centene Corp.(b)
|
|
213,941
|
5,577,442
|
Cigna Group (The)
|
|
38,078
|
10,181,296
|
CVS Health Corp.
|
|
179,860
|
11,169,306
|
DaVita, Inc.(b)
|
|
85,567
|
12,011,040
|
Elevance Health, Inc.
|
|
31,010
|
8,778,311
|
HCA Healthcare, Inc.
|
|
32,177
|
11,390,336
|
Henry Schein, Inc.(b)(c)
|
|
166,188
|
11,242,618
|
Humana, Inc.
|
|
51,006
|
12,744,869
|
Labcorp Holdings, Inc.
|
|
45,446
|
11,819,596
|
McKesson Corp.
|
|
16,449
|
11,408,039
|
Molina Healthcare, Inc.(b)
|
|
40,165
|
6,340,848
|
Quest Diagnostics, Inc.
|
|
66,831
|
11,188,178
|
UnitedHealth Group, Inc.
|
|
38,032
|
9,491,266
|
Universal Health Services, Inc., Class B
|
|
68,627
|
11,422,964
|
|
|
|
168,516,886
|
|
Shares
|
Value
|
|
Life Sciences Tools & Services-17.76%
|
|||
Agilent Technologies, Inc.
|
|
98,788
|
$11,341,850
|
Bio-Techne Corp.
|
|
229,376
|
12,553,748
|
Charles River Laboratories International,
Inc.(b)
|
|
78,240
|
13,272,634
|
Danaher Corp.
|
|
57,718
|
11,379,681
|
IQVIA Holdings, Inc.(b)
|
|
74,476
|
13,842,109
|
Mettler-Toledo International, Inc.(b)
|
|
9,915
|
12,231,937
|
Revvity, Inc.(c)
|
|
123,094
|
10,819,963
|
Thermo Fisher Scientific, Inc.
|
|
28,448
|
13,304,561
|
Waters Corp.(b)
|
|
34,163
|
9,864,908
|
West Pharmaceutical Services, Inc.
|
|
52,742
|
12,619,051
|
|
|
|
121,230,442
|
Pharmaceuticals-11.46%
|
|||
Bristol-Myers Squibb Co.
|
|
235,737
|
10,209,770
|
Eli Lilly and Co.
|
|
14,619
|
10,819,083
|
Johnson & Johnson
|
|
76,161
|
12,546,763
|
Merck & Co., Inc.
|
|
147,214
|
11,500,358
|
Pfizer, Inc.
|
|
482,917
|
11,247,137
|
Viatris, Inc.
|
|
1,316,614
|
11,507,206
|
Zoetis, Inc.
|
|
71,087
|
10,363,774
|
|
|
|
78,194,091
|
Total Common Stocks & Other Equity Interests
(Cost $677,563,219)
|
681,681,121
|
||
|
|||
Money Market Funds-0.05%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $337,655)
|
|
337,655
|
337,655
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.93%
(Cost $677,900,874)
|
682,018,776
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-1.71%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
3,232,201
|
3,232,201
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
8,418,262
|
8,419,946
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $11,652,161)
|
11,652,147
|
||
TOTAL INVESTMENTS IN SECURITIES-101.64%
(Cost $689,553,035)
|
693,670,923
|
||
OTHER ASSETS LESS LIABILITIES-(1.64)%
|
(11,199,781
)
|
||
NET ASSETS-100.00%
|
$682,471,142
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$131,946
|
$1,887,895
|
$(1,682,186
)
|
$-
|
$-
|
$337,655
|
$4,500
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
6,536,937
|
12,280,459
|
(15,585,195
)
|
-
|
-
|
3,232,201
|
66,259
*
|
Invesco Private Prime Fund
|
16,935,811
|
30,626,250
|
(39,142,101
)
|
498
|
(512
)
|
8,419,946
|
178,383
*
|
Total
|
$23,604,694
|
$44,794,604
|
$(56,409,482
)
|
$498
|
$(512
)
|
$11,989,802
|
$249,142
|
*
|
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 July 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-99.94%
|
|||
Aerospace & Defense-15.88%
|
|||
Axon Enterprise, Inc.(b)
|
|
10,511
|
$7,940,955
|
Boeing Co. (The)(b)
|
|
38,218
|
8,478,281
|
General Dynamics Corp.
|
|
29,635
|
9,234,562
|
General Electric Co.
|
|
33,299
|
9,026,693
|
Howmet Aerospace, Inc.
|
|
47,811
|
8,594,984
|
Huntington Ingalls Industries, Inc.
|
|
36,148
|
10,080,231
|
L3Harris Technologies, Inc.
|
|
33,188
|
9,120,726
|
Lockheed Martin Corp.
|
|
17,912
|
7,540,594
|
Northrop Grumman Corp.
|
|
16,744
|
9,654,758
|
RTX Corp.
|
|
57,673
|
9,087,535
|
Textron, Inc.
|
|
106,286
|
8,265,862
|
TransDigm Group, Inc.
|
|
5,722
|
9,203,608
|
|
|
|
106,228,789
|
Air Freight & Logistics-4.99%
|
|||
C.H. Robinson Worldwide, Inc.
|
|
86,470
|
9,971,720
|
Expeditors International of Washington, Inc.
|
|
71,459
|
8,306,394
|
FedEx Corp.
|
|
36,510
|
8,159,620
|
United Parcel Service, Inc., Class B
|
|
80,847
|
6,965,778
|
|
|
|
33,403,512
|
Building Products-10.47%
|
|||
A.O. Smith Corp.
|
|
124,995
|
8,848,396
|
Allegion PLC
|
|
59,175
|
9,818,316
|
Builders FirstSource, Inc.(b)
|
|
71,337
|
9,069,073
|
Carrier Global Corp.
|
|
112,837
|
7,742,875
|
Johnson Controls International PLC
|
|
79,256
|
8,321,880
|
Lennox International, Inc.
|
|
14,839
|
9,036,951
|
Masco Corp.
|
|
128,069
|
8,725,341
|
Trane Technologies PLC
|
|
19,356
|
8,479,476
|
|
|
|
70,042,308
|
Commercial Services & Supplies-7.19%
|
|||
Cintas Corp.
|
|
36,914
|
8,215,211
|
Copart, Inc.(b)
|
|
161,950
|
7,341,194
|
Republic Services, Inc.
|
|
32,945
|
7,598,764
|
Rollins, Inc.
|
|
143,505
|
8,218,531
|
Veralto Corp.
|
|
83,086
|
8,709,905
|
Waste Management, Inc.
|
|
34,908
|
7,999,517
|
|
|
|
48,083,122
|
Construction & Engineering-1.39%
|
|||
Quanta Services, Inc.
|
|
22,938
|
9,315,810
|
Electrical Equipment-10.30%
|
|||
AMETEK, Inc.
|
|
45,209
|
8,356,884
|
Eaton Corp. PLC
|
|
25,101
|
9,656,857
|
Emerson Electric Co.
|
|
64,633
|
9,404,748
|
GE Vernova, Inc.
|
|
16,881
|
11,146,355
|
Generac Holdings, Inc.(b)
|
|
62,877
|
12,241,523
|
Hubbell, Inc.
|
|
21,015
|
9,193,642
|
Rockwell Automation, Inc.
|
|
25,190
|
8,859,575
|
|
|
|
68,859,584
|
Ground Transportation-7.51%
|
|||
CSX Corp.
|
|
253,046
|
8,993,255
|
J.B. Hunt Transport Services, Inc.
|
|
58,045
|
8,361,382
|
Norfolk Southern Corp.
|
|
32,526
|
9,042,228
|
Old Dominion Freight Line, Inc.
|
|
50,451
|
7,529,812
|
Uber Technologies, Inc.(b)
|
|
94,285
|
8,273,509
|
Union Pacific Corp.
|
|
36,233
|
8,042,639
|
|
|
|
50,242,825
|
|
Shares
|
Value
|
|
Industrial Conglomerates-2.44%
|
|||
3M Co.
|
|
55,568
|
$8,291,857
|
Honeywell International, Inc.
|
|
36,217
|
8,052,850
|
|
|
|
16,344,707
|
Machinery-21.16%
|
|||
Caterpillar, Inc.
|
|
22,511
|
9,860,268
|
Cummins, Inc.
|
|
25,275
|
9,291,595
|
Deere & Co.
|
|
15,712
|
8,238,901
|
Dover Corp.
|
|
45,655
|
8,269,947
|
Fortive Corp.
|
|
150,150
|
7,196,690
|
IDEX Corp.
|
|
44,650
|
7,300,722
|
Illinois Tool Works, Inc.
|
|
33,161
|
8,488,221
|
Ingersoll Rand, Inc.
|
|
98,298
|
8,318,960
|
Nordson Corp.
|
|
37,297
|
7,989,390
|
Otis Worldwide Corp.
|
|
85,729
|
7,346,118
|
PACCAR, Inc.
|
|
87,116
|
8,603,576
|
Parker-Hannifin Corp.
|
|
12,175
|
8,910,883
|
Pentair PLC
|
|
82,241
|
8,405,030
|
Snap-on, Inc.
|
|
25,500
|
8,190,345
|
Stanley Black & Decker, Inc.
|
|
120,041
|
8,120,774
|
Wabtec Corp.
|
|
40,082
|
7,697,748
|
Xylem, Inc.
|
|
64,387
|
9,311,648
|
|
|
|
141,540,816
|
Passenger Airlines-3.83%
|
|||
Delta Air Lines, Inc.
|
|
166,329
|
8,850,366
|
Southwest Airlines Co.
|
|
244,204
|
7,553,230
|
United Airlines Holdings, Inc.(b)
|
|
104,012
|
9,185,299
|
|
|
|
25,588,895
|
Professional Services-10.78%
|
|||
Automatic Data Processing, Inc.
|
|
26,183
|
8,103,639
|
Broadridge Financial Solutions, Inc.
|
|
33,910
|
8,393,064
|
Dayforce, Inc.(b)(c)
|
|
134,845
|
7,776,511
|
Equifax, Inc.
|
|
30,124
|
7,236,689
|
Jacobs Solutions, Inc.
|
|
64,366
|
9,131,604
|
Leidos Holdings, Inc.
|
|
56,026
|
8,944,551
|
Paychex, Inc.
|
|
53,092
|
7,662,768
|
Paycom Software, Inc.
|
|
32,480
|
7,520,419
|
Verisk Analytics, Inc.
|
|
26,257
|
7,318,089
|
|
|
|
72,087,334
|
Trading Companies & Distributors-4.00%
|
|||
Fastenal Co.
|
|
191,756
|
8,845,704
|
United Rentals, Inc.
|
|
11,335
|
10,008,125
|
W.W. Grainger, Inc.
|
|
7,581
|
7,880,753
|
|
|
|
26,734,582
|
Total Common Stocks & Other Equity Interests
(Cost $558,674,940)
|
668,472,284
|
||
|
|||
Money Market Funds-0.04%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $274,905)
|
|
274,905
|
274,905
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $558,949,845)
|
668,747,189
|
|
Shares
|
Value
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-0.64%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
1,179,735
|
$1,179,735
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
3,067,237
|
3,067,850
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $4,247,585)
|
4,247,585
|
||
TOTAL INVESTMENTS IN SECURITIES-100.62%
(Cost $563,197,430)
|
672,994,774
|
||
OTHER ASSETS LESS LIABILITIES-(0.62)%
|
(4,139,136
)
|
||
NET ASSETS-100.00%
|
$668,855,638
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$291,867
|
$2,278,113
|
$(2,295,075
)
|
$-
|
$-
|
$274,905
|
$5,456
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
3,556,521
|
8,743,992
|
(11,120,778
)
|
-
|
-
|
1,179,735
|
31,468
*
|
Invesco Private Prime Fund
|
9,250,913
|
23,322,173
|
(29,505,230
)
|
85
|
(91
)
|
3,067,850
|
84,240
*
|
Total
|
$13,099,301
|
$34,344,278
|
$(42,921,083
)
|
$85
|
$(91
)
|
$4,522,490
|
$121,164
|
*
|
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 July 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-99.91%
|
|||
Chemicals-51.83%
|
|||
Air Products and Chemicals, Inc.
|
|
22,312
|
$6,423,179
|
Albemarle Corp.(b)
|
|
96,735
|
6,563,470
|
CF Industries Holdings, Inc.
|
|
66,104
|
6,136,434
|
Corteva, Inc.
|
|
87,345
|
6,300,195
|
Dow, Inc.(b)
|
|
205,190
|
4,778,875
|
DuPont de Nemours, Inc.
|
|
90,714
|
6,522,337
|
Eastman Chemical Co.
|
|
78,656
|
5,711,212
|
Ecolab, Inc.
|
|
23,491
|
6,149,004
|
International Flavors & Fragrances, Inc.
|
|
80,366
|
5,708,397
|
Linde PLC
|
|
13,432
|
6,182,212
|
LyondellBasell Industries N.V., Class A
|
|
102,995
|
5,966,500
|
Mosaic Co. (The)
|
|
181,684
|
6,542,441
|
PPG Industries, Inc.
|
|
55,702
|
5,876,561
|
Sherwin-Williams Co. (The)
|
|
17,628
|
5,832,753
|
|
|
|
84,693,570
|
Construction Materials-8.11%
|
|||
Martin Marietta Materials, Inc.
|
|
11,532
|
6,629,516
|
Vulcan Materials Co.
|
|
24,108
|
6,621,744
|
|
|
|
13,251,260
|
Containers & Packaging-23.22%
|
|||
Amcor PLC
|
|
687,259
|
6,425,872
|
Avery Dennison Corp.(b)
|
|
35,491
|
5,954,325
|
Ball Corp.
|
|
114,603
|
6,562,168
|
International Paper Co.(b)
|
|
133,712
|
6,249,699
|
Packaging Corp. of America
|
|
32,580
|
6,312,375
|
Smurfit WestRock PLC
|
|
145,091
|
6,439,138
|
|
|
|
37,943,577
|
Metals & Mining-16.75%
|
|||
Freeport-McMoRan, Inc.
|
|
153,508
|
6,177,162
|
Newmont Corp.(b)
|
|
118,085
|
7,333,078
|
|
Shares
|
Value
|
|
Metals & Mining-(continued)
|
|||
Nucor Corp.
|
|
53,744
|
$7,689,154
|
Steel Dynamics, Inc.
|
|
48,417
|
6,176,073
|
|
|
|
27,375,467
|
Total Common Stocks & Other Equity Interests
(Cost $185,700,254)
|
163,263,874
|
||
|
|||
Money Market Funds-0.07%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $110,943)
|
|
110,943
|
110,943
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $185,811,197)
|
163,374,817
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-11.12%
|
|||
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
5,045,374
|
5,045,374
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
13,125,891
|
13,128,516
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $18,173,890)
|
18,173,890
|
||
TOTAL INVESTMENTS IN SECURITIES-111.10%
(Cost $203,985,087)
|
181,548,707
|
||
OTHER ASSETS LESS LIABILITIES-(11.10)%
|
(18,136,938
)
|
||
NET ASSETS-100.00%
|
$163,411,769
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$12,716
|
$1,057,403
|
$(959,176
)
|
$-
|
$-
|
$110,943
|
$1,464
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
6,713,390
|
37,634,317
|
(39,302,333
)
|
-
|
-
|
5,045,374
|
40,941
*
|
Invesco Private Prime Fund
|
17,461,329
|
77,862,651
|
(82,195,840
)
|
437
|
(61
)
|
13,128,516
|
112,343
*
|
Total
|
$24,187,435
|
$116,554,371
|
$(122,457,349
)
|
$437
|
$(61
)
|
$18,284,833
|
$154,748
|
*
|
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 July 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-99.91%
|
|||
Health Care REITs-13.72%
|
|||
Alexandria Real Estate Equities, Inc.(b)
|
|
47,288
|
$3,614,222
|
Healthpeak Properties, Inc.
|
|
197,665
|
3,348,445
|
Ventas, Inc.
|
|
54,585
|
3,667,020
|
Welltower, Inc., REIT
|
|
23,038
|
3,802,883
|
|
|
|
14,432,570
|
Hotel & Resort REITs-3.23%
|
|||
Host Hotels & Resorts, Inc.
|
|
216,498
|
3,403,349
|
Industrial REITs-3.23%
|
|||
Prologis, Inc., REIT
|
|
31,866
|
3,402,651
|
Office REITs-2.95%
|
|||
BXP, Inc.(b)
|
|
47,376
|
3,099,812
|
Real Estate Management & Development-7.66%
|
|||
CBRE Group, Inc., Class A(c)
|
|
25,863
|
4,027,904
|
CoStar Group, Inc.(c)
|
|
42,317
|
4,028,155
|
|
|
|
8,056,059
|
Residential REITs-21.25%
|
|||
AvalonBay Communities, Inc.
|
|
16,740
|
3,118,327
|
Camden Property Trust
|
|
29,445
|
3,215,394
|
Equity Residential
|
|
49,913
|
3,154,502
|
Essex Property Trust, Inc.(b)
|
|
12,081
|
3,143,234
|
Invitation Homes, Inc.
|
|
103,766
|
3,180,428
|
Mid-America Apartment Communities, Inc.
|
|
22,995
|
3,275,178
|
UDR, Inc.
|
|
83,172
|
3,267,828
|
|
|
|
22,354,891
|
Retail REITs-16.33%
|
|||
Federal Realty Investment Trust
|
|
35,844
|
3,303,383
|
Kimco Realty Corp.
|
|
164,900
|
3,500,827
|
Realty Income Corp., REIT
|
|
59,859
|
3,359,886
|
Regency Centers Corp.
|
|
48,690
|
3,476,466
|
Simon Property Group, Inc.
|
|
21,650
|
3,546,053
|
|
|
|
17,186,615
|
Specialized REITs-31.54%
|
|||
American Tower Corp.
|
|
16,146
|
3,364,665
|
Crown Castle, Inc.
|
|
34,809
|
3,658,078
|
|
Shares
|
Value
|
|
Specialized REITs-(continued)
|
|||
Digital Realty Trust, Inc.
|
|
19,663
|
$3,469,340
|
Equinix, Inc., REIT
|
|
3,869
|
3,037,823
|
Extra Space Storage, Inc.
|
|
23,008
|
3,091,355
|
Iron Mountain, Inc.
|
|
34,239
|
3,333,509
|
Public Storage
|
|
11,519
|
3,132,477
|
SBA Communications Corp., Class A
|
|
15,384
|
3,457,093
|
VICI Properties, Inc.
|
|
106,449
|
3,470,237
|
Weyerhaeuser Co.
|
|
126,370
|
3,165,568
|
|
|
|
33,180,145
|
Total Common Stocks & Other Equity Interests
(Cost $117,415,046)
|
105,116,092
|
||
|
|||
Money Market Funds-0.12%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $127,622)
|
|
127,622
|
127,622
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.03%
(Cost $117,542,668)
|
105,243,714
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-6.34%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
1,852,264
|
1,852,264
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
4,816,127
|
4,817,090
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $6,669,354)
|
6,669,354
|
||
TOTAL INVESTMENTS IN SECURITIES-106.37%
(Cost $124,212,022)
|
111,913,068
|
||
OTHER ASSETS LESS LIABILITIES-(6.37)%
|
(6,700,374
)
|
||
NET ASSETS-100.00%
|
$105,212,694
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$144,180
|
$1,046,237
|
$(1,062,795
)
|
$-
|
$-
|
$127,622
|
$641
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2025
|
Dividend Income
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
$2,756,205
|
$15,433,541
|
$(16,337,482
)
|
$-
|
$-
|
$1,852,264
|
$19,508
*
|
Invesco Private Prime Fund
|
7,188,297
|
36,977,461
|
(39,348,668
)
|
-
|
-
|
4,817,090
|
53,691
*
|
Total
|
$10,088,682
|
$53,457,239
|
$(56,748,945
)
|
$-
|
$-
|
$6,796,976
|
$73,840
|
*
|
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 July 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-99.98%
|
|||
Communications Equipment-6.28%
|
|||
Arista Networks, Inc.(b)
|
|
541,711
|
$66,749,629
|
Cisco Systems, Inc.
|
|
794,575
|
54,094,666
|
F5, Inc.(b)
|
|
173,807
|
54,474,590
|
Motorola Solutions, Inc.
|
|
124,450
|
54,631,061
|
|
|
|
229,949,946
|
Electronic Equipment, Instruments & Components-14.34%
|
|||
Amphenol Corp., Class A
|
|
546,986
|
58,259,479
|
CDW Corp.
|
|
289,658
|
50,510,562
|
Corning, Inc.
|
|
1,009,086
|
63,814,599
|
Jabil, Inc.
|
|
285,993
|
63,825,058
|
Keysight Technologies, Inc.(b)
|
|
313,270
|
51,348,086
|
TE Connectivity PLC (Switzerland)
|
|
307,134
|
63,192,820
|
Teledyne Technologies, Inc.(b)
|
|
102,167
|
56,296,060
|
Trimble, Inc.(b)
|
|
701,783
|
58,872,576
|
Zebra Technologies Corp., Class A(b)
|
|
173,848
|
58,937,949
|
|
|
|
525,057,189
|
IT Services-9.99%
|
|||
Accenture PLC, Class A (Ireland)(c)
|
|
159,478
|
42,596,574
|
Akamai Technologies, Inc.(b)(c)
|
|
651,077
|
49,683,686
|
Cognizant Technology Solutions Corp.,
Class A
|
|
631,213
|
45,295,845
|
EPAM Systems, Inc.(b)
|
|
288,294
|
45,466,846
|
Gartner, Inc.(b)
|
|
123,114
|
41,692,556
|
GoDaddy, Inc., Class A(b)(c)
|
|
287,755
|
46,495,453
|
International Business Machines Corp.
|
|
180,823
|
45,775,342
|
VeriSign, Inc.
|
|
181,917
|
48,912,024
|
|
|
|
365,918,326
|
Semiconductors & Semiconductor Equipment-27.29%
|
|||
Advanced Micro Devices, Inc.(b)
|
|
421,169
|
74,256,306
|
Analog Devices, Inc.
|
|
218,918
|
49,175,550
|
Applied Materials, Inc.
|
|
294,632
|
53,051,438
|
Broadcom, Inc.
|
|
201,721
|
59,245,458
|
Enphase Energy, Inc.(b)
|
|
1,124,302
|
36,382,413
|
First Solar, Inc.(b)(c)
|
|
303,872
|
53,095,554
|
Intel Corp.
|
|
2,461,704
|
48,741,739
|
KLA Corp.
|
|
58,482
|
51,407,432
|
Lam Research Corp.
|
|
559,745
|
53,086,216
|
Microchip Technology, Inc.
|
|
731,435
|
49,437,692
|
Micron Technology, Inc.
|
|
438,743
|
47,884,411
|
Monolithic Power Systems, Inc.
|
|
70,624
|
50,230,614
|
NVIDIA Corp.
|
|
357,271
|
63,547,793
|
NXP Semiconductors N.V. (Netherlands)
|
|
234,148
|
50,053,818
|
ON Semiconductor Corp.(b)
|
|
985,666
|
55,552,136
|
QUALCOMM, Inc.
|
|
319,216
|
46,848,140
|
Skyworks Solutions, Inc.
|
|
699,099
|
47,916,245
|
Teradyne, Inc.
|
|
586,555
|
63,013,604
|
Texas Instruments, Inc.
|
|
254,933
|
46,158,169
|
|
|
|
999,084,728
|
Software-28.98%
|
|||
Adobe, Inc.(b)
|
|
123,311
|
44,107,112
|
Autodesk, Inc.(b)
|
|
171,549
|
51,998,217
|
Cadence Design Systems, Inc.(b)(c)
|
|
165,712
|
60,413,624
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
106,732
|
48,517,165
|
|
Shares
|
Value
|
|
Software-(continued)
|
|||
Datadog, Inc., Class A(b)
|
|
388,181
|
$54,337,576
|
Fair Isaac Corp.(b)
|
|
28,208
|
40,526,998
|
Fortinet, Inc.(b)
|
|
498,992
|
49,849,301
|
Gen Digital, Inc.
|
|
1,729,213
|
50,994,491
|
Intuit, Inc.
|
|
66,559
|
52,257,468
|
Microsoft Corp.
|
|
107,719
|
57,468,086
|
Oracle Corp.
|
|
289,425
|
73,447,382
|
Palantir Technologies, Inc., Class A(b)
|
|
373,922
|
59,210,549
|
Palo Alto Networks, Inc.(b)(c)
|
|
261,880
|
45,462,368
|
PTC, Inc.(b)(c)
|
|
298,464
|
64,113,052
|
Roper Technologies, Inc.
|
|
89,384
|
49,196,954
|
Salesforce, Inc.
|
|
191,442
|
49,455,212
|
ServiceNow, Inc.(b)
|
|
50,683
|
47,800,151
|
Synopsys, Inc.(b)
|
|
101,780
|
64,474,577
|
Tyler Technologies, Inc.(b)
|
|
87,163
|
50,952,003
|
Workday, Inc., Class A(b)
|
|
202,529
|
46,456,102
|
|
|
|
1,061,038,388
|
Technology Hardware, Storage & Peripherals-13.10%
|
|||
Apple, Inc.
|
|
256,589
|
53,260,179
|
Dell Technologies, Inc., Class C
|
|
458,463
|
60,833,455
|
Hewlett Packard Enterprise Co.
|
|
2,800,069
|
57,933,428
|
HP, Inc.
|
|
2,051,078
|
50,866,734
|
NetApp, Inc.
|
|
496,039
|
51,652,541
|
Seagate Technology Holdings PLC
|
|
403,481
|
63,350,552
|
Super Micro Computer, Inc.(b)(c)
|
|
1,180,988
|
69,642,862
|
Western Digital Corp.(c)
|
|
916,692
|
72,134,494
|
|
|
|
479,674,245
|
Total Common Stocks & Other Equity Interests
(Cost $2,966,710,489)
|
3,660,722,822
|
||
|
|||
Money Market Funds-0.03%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $1,255,538)
|
|
1,255,538
|
1,255,538
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.01%
(Cost $2,967,966,027)
|
3,661,978,360
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-3.09%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
31,565,738
|
31,565,738
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
81,608,286
|
81,624,608
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $113,190,472)
|
113,190,346
|
||
TOTAL INVESTMENTS IN SECURITIES-103.10%
(Cost $3,081,156,499)
|
3,775,168,706
|
||
OTHER ASSETS LESS LIABILITIES-(3.10)%
|
(113,526,874
)
|
||
NET ASSETS-100.00%
|
$3,661,641,832
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$1,671,599
|
$64,038,061
|
$(64,454,122
)
|
$-
|
$-
|
$1,255,538
|
$57,031
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
58,209,365
|
245,430,536
|
(272,074,163
)
|
-
|
-
|
31,565,738
|
578,311
*
|
Invesco Private Prime Fund
|
204,348,734
|
308,244,610
|
(430,968,610
)
|
671
|
(797
)
|
81,624,608
|
1,550,908
*
|
Total
|
$264,229,698
|
$617,713,207
|
$(767,496,895
)
|
$671
|
$(797
)
|
$114,445,884
|
$2,186,250
|
*
|
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 July 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%
|
|||
Electric Utilities-54.53%
|
|||
Alliant Energy Corp.
|
|
223,523
|
$14,531,230
|
American Electric Power Co., Inc.
|
|
134,025
|
15,163,588
|
Constellation Energy Corp.
|
|
46,767
|
16,267,433
|
Duke Energy Corp.
|
|
117,436
|
14,284,915
|
Edison International
|
|
275,415
|
14,354,630
|
Entergy Corp.
|
|
166,325
|
15,040,770
|
Evergy, Inc.
|
|
202,396
|
14,329,637
|
Eversource Energy
|
|
208,445
|
13,778,215
|
Exelon Corp.
|
|
318,651
|
14,320,176
|
FirstEnergy Corp.
|
|
339,815
|
14,513,499
|
NextEra Energy, Inc.
|
|
187,170
|
13,300,300
|
NRG Energy, Inc.
|
|
91,660
|
15,325,552
|
PG&E Corp.
|
|
949,513
|
13,312,172
|
Pinnacle West Capital Corp.
|
|
153,172
|
13,880,447
|
PPL Corp.
|
|
404,479
|
14,435,856
|
Southern Co. (The)
|
|
152,590
|
14,416,703
|
Xcel Energy, Inc.
|
|
200,196
|
14,702,394
|
|
|
|
245,957,517
|
Gas Utilities-3.10%
|
|||
Atmos Energy Corp.
|
|
89,608
|
13,971,679
|
Independent Power and Renewable Electricity Producers-7.26%
|
|||
AES Corp. (The)
|
|
1,190,200
|
15,651,130
|
Vistra Corp.
|
|
81,921
|
17,083,805
|
|
|
|
32,734,935
|
Multi-Utilities-32.01%
|
|||
Ameren Corp.
|
|
142,545
|
14,415,576
|
CenterPoint Energy, Inc.(b)
|
|
379,224
|
14,721,476
|
CMS Energy Corp.
|
|
195,200
|
14,405,760
|
Consolidated Edison, Inc.
|
|
133,239
|
13,790,236
|
Dominion Energy, Inc.(b)
|
|
245,881
|
14,371,744
|
DTE Energy Co.
|
|
101,234
|
14,011,798
|
NiSource, Inc.
|
|
346,259
|
14,698,695
|
Public Service Enterprise Group, Inc.
|
|
169,073
|
15,181,065
|
|
Shares
|
Value
|
|
Multi-Utilities-(continued)
|
|||
Sempra
|
|
179,830
|
$14,688,514
|
WEC Energy Group, Inc.
|
|
129,413
|
14,116,370
|
|
|
|
144,401,234
|
Water Utilities-3.02%
|
|||
American Water Works Co., Inc.
|
|
97,181
|
13,628,664
|
Total Common Stocks & Other Equity Interests
(Cost $406,823,981)
|
450,694,029
|
||
|
|||
Money Market Funds-0.07%
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $319,045)
|
|
319,045
|
319,045
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.99%
(Cost $407,143,026)
|
451,013,074
|
||
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
Money Market Funds-1.13%
|
|||
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
1,431,664
|
1,431,664
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
3,685,477
|
3,686,214
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,117,878)
|
5,117,878
|
||
TOTAL INVESTMENTS IN SECURITIES-101.12%
(Cost $412,260,904)
|
456,130,952
|
||
OTHER ASSETS LESS LIABILITIES-(1.12)%
|
(5,055,994
)
|
||
NET ASSETS-100.00%
|
$451,074,958
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$368,784
|
$3,565,932
|
$(3,615,671
)
|
$-
|
$-
|
$319,045
|
$3,424
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
4,071,590
|
27,434,267
|
(30,074,193
)
|
-
|
-
|
1,431,664
|
50,158
*
|
Invesco Private Prime Fund
|
10,595,028
|
68,835,947
|
(75,744,750
)
|
140
|
(151
)
|
3,686,214
|
137,109
*
|
Total
|
$15,035,402
|
$99,836,146
|
$(109,434,614
)
|
$140
|
$(151
)
|
$5,436,923
|
$190,691
|
*
|
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 July 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-99.93%
|
|||
Consumer Discretionary-16.44%
|
|||
Abercrombie & Fitch Co., Class A(b)
|
|
74,602
|
$7,163,284
|
Chewy, Inc., Class A(b)
|
|
156,630
|
5,748,321
|
Crocs, Inc.(b)(c)
|
|
60,857
|
6,069,269
|
Graham Holdings Co., Class B(c)
|
|
6,545
|
6,245,108
|
Grand Canyon Education, Inc.(b)
|
|
30,811
|
5,195,659
|
Hyatt Hotels Corp., Class A(c)
|
|
77,015
|
10,856,805
|
Texas Roadhouse, Inc.
|
|
30,067
|
5,566,304
|
Toll Brothers, Inc.
|
|
48,659
|
5,759,279
|
TopBuild Corp.(b)
|
|
19,442
|
7,201,900
|
Valvoline, Inc.(b)
|
|
185,678
|
6,545,149
|
Visteon Corp.(b)
|
|
75,985
|
8,445,733
|
|
|
|
74,796,811
|
Consumer Staples-6.09%
|
|||
Celsius Holdings, Inc.(b)(c)
|
|
290,784
|
13,184,146
|
Coca-Cola Consolidated, Inc.
|
|
53,197
|
5,944,765
|
Pilgrim’s Pride Corp.(c)
|
|
180,443
|
8,551,194
|
|
|
|
27,680,105
|
Energy-11.50%
|
|||
Civitas Resources, Inc.(c)
|
|
239,719
|
7,277,869
|
Matador Resources Co.
|
|
123,154
|
6,142,921
|
Murphy Oil Corp.(c)
|
|
229,313
|
5,689,256
|
NOV, Inc.(c)
|
|
504,861
|
6,351,151
|
Permian Resources Corp.
|
|
599,791
|
8,493,041
|
Valaris Ltd.(b)(c)
|
|
158,601
|
7,712,767
|
Viper Energy, Inc.(c)
|
|
125,846
|
4,739,360
|
Weatherford International PLC
|
|
104,324
|
5,899,522
|
|
|
|
52,305,887
|
Financials-26.84%
|
|||
Bank OZK
|
|
192,250
|
9,477,925
|
Cadence Bank(c)
|
|
166,148
|
5,790,258
|
East West Bancorp, Inc.
|
|
89,309
|
8,953,227
|
Equitable Holdings, Inc.
|
|
94,947
|
4,875,529
|
F.N.B. Corp.
|
|
378,437
|
5,797,655
|
Hamilton Lane, Inc., Class A
|
|
56,978
|
8,677,749
|
International Bancshares Corp.
|
|
90,543
|
6,173,222
|
Kinsale Capital Group, Inc.
|
|
19,976
|
8,803,223
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
42,637
|
10,392,342
|
UMB Financial Corp.
|
|
66,302
|
7,292,557
|
United Bankshares, Inc.
|
|
200,774
|
7,131,493
|
Valley National Bancorp
|
|
614,798
|
5,699,178
|
Voya Financial, Inc.
|
|
99,035
|
6,932,450
|
Webster Financial Corp.
|
|
101,514
|
5,852,282
|
Western Alliance Bancorporation
|
|
96,699
|
7,499,974
|
Wintrust Financial Corp.
|
|
52,580
|
6,729,188
|
Zions Bancorporation N.A.
|
|
111,639
|
5,986,083
|
|
|
|
122,064,335
|
Health Care-13.02%
|
|||
Doximity, Inc., Class A(b)
|
|
91,546
|
5,378,328
|
Exelixis, Inc.(b)
|
|
147,894
|
5,356,721
|
Halozyme Therapeutics, Inc.(b)
|
|
160,204
|
9,607,434
|
Hims & Hers Health, Inc.(b)(c)
|
|
170,588
|
11,289,514
|
|
Shares
|
Value
|
|
Health Care-(continued)
|
|||
Lantheus Holdings, Inc.(b)(c)
|
|
137,554
|
$9,792,469
|
Medpace Holdings, Inc.(b)(c)
|
|
27,222
|
11,629,238
|
United Therapeutics Corp.(b)
|
|
22,477
|
6,174,432
|
|
|
|
59,228,136
|
Industrials-11.09%
|
|||
AAON, Inc.(c)
|
|
109,083
|
9,108,430
|
Applied Industrial Technologies, Inc.
|
|
22,229
|
6,035,173
|
Comfort Systems USA, Inc.
|
|
18,721
|
13,166,479
|
EMCOR Group, Inc.
|
|
14,236
|
8,932,948
|
ExlService Holdings, Inc.(b)
|
|
125,357
|
5,444,255
|
MSA Safety, Inc.
|
|
43,642
|
7,762,603
|
|
|
|
50,449,888
|
Information Technology-13.40%
|
|||
AppFolio, Inc., Class A(b)(c)
|
|
46,982
|
12,562,047
|
DocuSign, Inc.(b)
|
|
96,548
|
7,302,891
|
Dynatrace, Inc.(b)
|
|
164,950
|
8,678,019
|
Fabrinet (Thailand)(b)
|
|
26,870
|
8,698,625
|
Manhattan Associates, Inc.(b)
|
|
30,560
|
6,712,810
|
Qualys, Inc.(b)
|
|
42,667
|
5,677,698
|
Rambus, Inc.(b)
|
|
153,195
|
11,325,706
|
|
|
|
60,957,796
|
Materials-1.55%
|
|||
Carpenter Technology Corp.
|
|
28,247
|
7,044,519
|
Total Common Stocks & Other Equity Interests
(Cost $440,614,652)
|
454,527,477
|
||
Money Market Funds-0.09%
|
|||
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $414,695)
|
|
414,695
|
414,695
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.02%
(Cost $441,029,347)
|
454,942,172
|
||
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
Money Market Funds-11.55%
|
|||
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
14,575,974
|
14,575,974
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
37,945,460
|
37,953,049
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $52,529,023)
|
52,529,023
|
||
TOTAL INVESTMENTS IN SECURITIES-111.57%
(Cost $493,558,370)
|
507,471,195
|
||
OTHER ASSETS LESS LIABILITIES-(11.57)%
|
(52,635,692
)
|
||
NET ASSETS-100.00%
|
$454,835,503
|
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 July 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 three months ended July 31, 2025.
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2025
|
Dividend Income
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
Invesco Government & Agency
Portfolio, Institutional Class
|
$201,173
|
$2,883,296
|
$(2,669,774
)
|
$-
|
$-
|
$414,695
|
$3,568
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
31,002,233
|
63,077,863
|
(79,504,122
)
|
-
|
-
|
14,575,974
|
211,927
*
|
Invesco Private Prime Fund
|
80,728,791
|
114,827,837
|
(157,603,537
)
|
3,515
|
(3,557
)
|
37,953,049
|
573,405
*
|
Total
|
$111,932,197
|
$180,788,996
|
$(239,777,433
)
|
$3,515
|
$(3,557
)
|
$52,943,718
|
$788,900
|
*
|
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 July 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.
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Invesco S&P 500® Equal Weight ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$71,839,063,065
|
$-
|
$-
|
$71,839,063,065
|
Money Market Funds
|
100,488,744
|
2,931,376,908
|
-
|
3,031,865,652
|
Total Investments in Securities
|
71,939,551,809
|
2,931,376,908
|
-
|
74,870,928,717
|
Other Investments - Assets
|
|
|
|
|
Futures Contracts
|
3,418,562
|
-
|
-
|
3,418,562
|
Total Investments
|
$71,942,970,371
|
$2,931,376,908
|
$-
|
$74,874,347,279
|
Invesco S&P 500® Equal Weight Communication Services ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$69,131,537
|
$-
|
$-
|
$69,131,537
|
Money Market Funds
|
3,519
|
9,606,652
|
-
|
9,610,171
|
Total Investments
|
$69,135,056
|
$9,606,652
|
$-
|
$78,741,708
|
Invesco S&P 500® Equal Weight Consumer Discretionary ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$202,339,643
|
$-
|
$-
|
$202,339,643
|
Money Market Funds
|
27,796
|
4,645,422
|
-
|
4,673,218
|
Total Investments
|
$202,367,439
|
$4,645,422
|
$-
|
$207,012,861
|
Invesco S&P 500® Equal Weight Consumer Staples ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$253,226,287
|
$-
|
$-
|
$253,226,287
|
Money Market Funds
|
47,806
|
13,674,760
|
-
|
13,722,566
|
Total Investments
|
$253,274,093
|
$13,674,760
|
$-
|
$266,948,853
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Invesco S&P 500® Equal Weight Energy ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$425,136,798
|
$-
|
$-
|
$425,136,798
|
Money Market Funds
|
108,700
|
1,089,486
|
-
|
1,198,186
|
Total Investments
|
$425,245,498
|
$1,089,486
|
$-
|
$426,334,984
|
Invesco S&P 500® Equal Weight Financials ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$320,441,172
|
$-
|
$-
|
$320,441,172
|
Money Market Funds
|
50,687
|
9,013
|
-
|
59,700
|
Total Investments
|
$320,491,859
|
$9,013
|
$-
|
$320,500,872
|
Invesco S&P 500® Equal Weight Health Care ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$681,681,121
|
$-
|
$-
|
$681,681,121
|
Money Market Funds
|
337,655
|
11,652,147
|
-
|
11,989,802
|
Total Investments
|
$682,018,776
|
$11,652,147
|
$-
|
$693,670,923
|
Invesco S&P 500® Equal Weight Industrials ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$668,472,284
|
$-
|
$-
|
$668,472,284
|
Money Market Funds
|
274,905
|
4,247,585
|
-
|
4,522,490
|
Total Investments
|
$668,747,189
|
$4,247,585
|
$-
|
$672,994,774
|
Invesco S&P 500® Equal Weight Materials ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$163,263,874
|
$-
|
$-
|
$163,263,874
|
Money Market Funds
|
110,943
|
18,173,890
|
-
|
18,284,833
|
Total Investments
|
$163,374,817
|
$18,173,890
|
$-
|
$181,548,707
|
Invesco S&P 500® Equal Weight Real Estate ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$105,116,092
|
$-
|
$-
|
$105,116,092
|
Money Market Funds
|
127,622
|
6,669,354
|
-
|
6,796,976
|
Total Investments
|
$105,243,714
|
$6,669,354
|
$-
|
$111,913,068
|
Invesco S&P 500® Equal Weight Technology ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$3,660,722,822
|
$-
|
$-
|
$3,660,722,822
|
Money Market Funds
|
1,255,538
|
113,190,346
|
-
|
114,445,884
|
Total Investments
|
$3,661,978,360
|
$113,190,346
|
$-
|
$3,775,168,706
|
Invesco S&P 500® Equal Weight Utilities ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$450,694,029
|
$-
|
$-
|
$450,694,029
|
Money Market Funds
|
319,045
|
5,117,878
|
-
|
5,436,923
|
Total Investments
|
$451,013,074
|
$5,117,878
|
$-
|
$456,130,952
|
Invesco S&P MidCap 400® GARP ETF
|
|
|
|
|
Investments in Securities
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$454,527,477
|
$-
|
$-
|
$454,527,477
|
Money Market Funds
|
414,695
|
52,529,023
|
-
|
52,943,718
|
Total Investments
|
$454,942,172
|
$52,529,023
|
$-
|
$507,471,195
|