|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.90%
|
|||
|
Communication Services-3.34%
|
|||
|
Bumble, Inc., Class A(b)(c)
|
|
55,448
|
$431,385
|
|
CarGurus, Inc.(b)(c)
|
|
51,488
|
1,689,836
|
|
Cinemark Holdings, Inc.
|
|
68,304
|
1,835,328
|
|
Electronic Arts, Inc.
|
|
151,071
|
23,036,817
|
|
Eventbrite, Inc., Class A(b)
|
|
48,818
|
119,116
|
|
Fox Corp., Class A
|
|
48
|
2,676
|
|
Gambling.com Group Ltd. (Malta)(b)
|
|
13,761
|
145,454
|
|
IAC, Inc.(b)
|
|
40,282
|
1,583,083
|
|
Iridium Communications, Inc.
|
|
62,706
|
1,533,789
|
|
Liberty Global Ltd., Class A (Belgium)(b)
|
|
110,711
|
1,109,324
|
|
Match Group, Inc.
|
|
166,743
|
5,714,283
|
|
Nexstar Media Group, Inc., Class A(c)
|
|
18,126
|
3,391,556
|
|
Scholastic Corp.(c)
|
|
14,991
|
369,828
|
|
TEGNA, Inc.
|
|
98,932
|
1,652,164
|
|
Travelzoo(b)(c)
|
|
4,606
|
46,014
|
|
Ziff Davis, Inc.(b)(c)
|
|
25,907
|
806,226
|
|
ZoomInfo Technologies, Inc., Class A(b)(c)
|
|
218,937
|
2,371,088
|
|
|
|
|
45,837,967
|
|
Consumer Discretionary-18.31%
|
|||
|
Abercrombie & Fitch Co., Class A(b)
|
|
27,280
|
2,619,426
|
|
Academy Sports & Outdoors, Inc.(c)
|
|
34,733
|
1,764,089
|
|
Adient PLC(b)
|
|
43,898
|
941,173
|
|
ADT, Inc.
|
|
330,131
|
2,756,594
|
|
Adtalem Global Education, Inc.(b)
|
|
111
|
12,684
|
|
American Eagle Outfitters, Inc.
|
|
97,972
|
1,058,098
|
|
Autoliv, Inc. (Sweden)
|
|
45,924
|
5,122,822
|
|
AutoNation, Inc.(b)
|
|
18,889
|
3,638,777
|
|
BARK, Inc.(b)
|
|
84,837
|
73,079
|
|
Booking Holdings, Inc.
|
|
262
|
1,442,064
|
|
Boyd Gaming Corp.
|
|
39,619
|
3,363,653
|
|
Build-A-Bear Workshop, Inc.(c)
|
|
8,225
|
417,090
|
|
Choice Hotels International, Inc.(c)
|
|
14,612
|
1,866,098
|
|
Columbia Sportswear Co.(c)
|
|
15,673
|
886,622
|
|
Crocs, Inc.(b)
|
|
31,305
|
3,122,048
|
|
D.R. Horton, Inc.
|
|
191,281
|
27,322,578
|
|
Dave & Buster’s Entertainment, Inc.(b)
|
|
13,116
|
383,512
|
|
Designer Brands, Inc., Class A(c)
|
|
24,117
|
68,010
|
|
Dutch Bros, Inc., Class A(b)
|
|
90,845
|
5,384,383
|
|
eBay, Inc.
|
|
313,460
|
28,759,955
|
|
El Pollo Loco Holdings, Inc.(b)(c)
|
|
93
|
958
|
|
Etsy, Inc.(b)(c)
|
|
64,936
|
3,783,821
|
|
European Wax Center, Inc., Class A(b)(c)
|
|
20,163
|
94,363
|
|
Frontdoor, Inc.(b)
|
|
45,295
|
2,649,757
|
|
Garrett Motion, Inc. (Switzerland)(c)
|
|
123,270
|
1,607,441
|
|
General Motors Co.
|
|
653,734
|
34,870,171
|
|
Genesco, Inc.(b)
|
|
6,558
|
157,785
|
|
Golden Entertainment, Inc.
|
|
11,731
|
329,876
|
|
H&R Block, Inc.
|
|
76,659
|
4,165,650
|
|
Harley-Davidson, Inc.(c)
|
|
66,085
|
1,607,848
|
|
Hilton Grand Vacations, Inc.(b)(c)
|
|
36,741
|
1,646,732
|
|
Hilton Worldwide Holdings, Inc.
|
|
313
|
83,909
|
|
Hyatt Hotels Corp., Class A
|
|
25,218
|
3,554,981
|
|
Las Vegas Sands Corp.
|
|
252,882
|
13,251,017
|
|
Lear Corp.
|
|
34,822
|
3,283,366
|
|
Light & Wonder, Inc.(b)
|
|
54,958
|
5,293,555
|
|
Lithia Motors, Inc., Class A
|
|
15,650
|
4,507,200
|
|
Lovesac Co. (The)(b)
|
|
9,060
|
163,171
|
|
Malibu Boats, Inc., Class A(b)
|
|
9,752
|
324,839
|
|
Mattel, Inc.(b)
|
|
159,468
|
2,712,551
|
|
MGM Resorts International(b)
|
|
148,040
|
5,396,058
|
|
NVR, Inc.(b)
|
|
1,946
|
14,691,307
|
|
|
Shares
|
Value
|
|
|
Consumer Discretionary-(continued)
|
|||
|
PHINIA, Inc.
|
|
24,216
|
$1,227,751
|
|
PulteGroup, Inc.
|
|
61
|
6,888
|
|
PVH Corp.(c)
|
|
28,215
|
2,071,545
|
|
RCI Hospitality Holdings, Inc.
|
|
5,038
|
180,511
|
|
Sally Beauty Holdings, Inc.(b)
|
|
62,104
|
604,893
|
|
Signet Jewelers Ltd.
|
|
25,035
|
1,980,268
|
|
Tapestry, Inc.
|
|
141,220
|
15,255,997
|
|
Taylor Morrison Home Corp., Class A(b)
|
|
62,499
|
3,704,941
|
|
TopBuild Corp.(b)
|
|
15,141
|
5,608,681
|
|
Travel + Leisure Co.
|
|
43,258
|
2,563,036
|
|
Ulta Beauty, Inc.(b)
|
|
29,918
|
15,408,069
|
|
United Parks & Resorts, Inc.(b)(c)
|
|
16,526
|
782,176
|
|
Wynn Resorts Ltd.
|
|
58,371
|
6,364,190
|
|
Zumiez, Inc.(b)
|
|
9,031
|
123,815
|
|
|
|
|
251,061,872
|
|
Consumer Staples-6.30%
|
|||
|
Adecoagro S.A. (Brazil)
|
|
9,304
|
85,504
|
|
Boston Beer Co., Inc. (The), Class A(b)
|
|
5,913
|
1,224,464
|
|
Bunge Global S.A.
|
|
76,960
|
6,138,330
|
|
Coca-Cola Consolidated, Inc.
|
|
38,092
|
4,256,781
|
|
Kroger Co. (The)
|
|
406,968
|
28,528,457
|
|
Monster Beverage Corp.(b)
|
|
502,579
|
29,526,516
|
|
Post Holdings, Inc.(b)
|
|
31,107
|
3,291,432
|
|
Seneca Foods Corp., Class A(b)
|
|
173
|
18,118
|
|
Spectrum Brands Holdings, Inc.(c)
|
|
16,683
|
892,707
|
|
TreeHouse Foods, Inc.(b)
|
|
29,639
|
569,661
|
|
US Foods Holding Corp.(b)
|
|
142,405
|
11,866,609
|
|
|
|
|
86,398,579
|
|
Energy-9.12%
|
|||
|
Borr Drilling Ltd. (Mexico)
|
|
135,314
|
274,687
|
|
Chevron Corp.
|
|
486,921
|
73,836,701
|
|
Civitas Resources, Inc.
|
|
53,673
|
1,629,512
|
|
CNX Resources Corp.(b)(c)
|
|
91,154
|
2,762,878
|
|
Delek US Holdings, Inc.
|
|
39,988
|
894,532
|
|
HF Sinclair Corp.
|
|
102,488
|
4,503,323
|
|
Marathon Petroleum Corp.
|
|
208,892
|
35,551,330
|
|
Navigator Holdings Ltd.(c)
|
|
23,795
|
375,247
|
|
Par Pacific Holdings, Inc.(b)
|
|
31,380
|
984,704
|
|
PrimeEnergy Resources Corp.(b)(c)
|
|
297
|
50,065
|
|
REX American Resources Corp.(b)
|
|
8,841
|
462,208
|
|
Scorpio Tankers, Inc. (Monaco)
|
|
30,011
|
1,356,797
|
|
Seadrill Ltd. (Norway)(b)
|
|
39,193
|
1,142,868
|
|
Teekay Corp. Ltd. (Bermuda)
|
|
37,081
|
266,983
|
|
World Kinect Corp.
|
|
34,856
|
950,523
|
|
|
|
|
125,042,358
|
|
Financials-34.45%
|
|||
|
Acadian Asset Management, Inc.
|
|
181
|
7,564
|
|
Affiliated Managers Group, Inc.
|
|
16,075
|
3,373,660
|
|
Aflac, Inc.
|
|
111
|
11,029
|
|
American International Group, Inc.
|
|
412,505
|
32,022,763
|
|
Angel Oak Mortgage REIT, Inc.(c)
|
|
13,120
|
121,491
|
|
Assured Guaranty Ltd.
|
|
31,272
|
2,644,986
|
|
AXIS Capital Holdings Ltd.
|
|
56,296
|
5,282,817
|
|
Bancorp, Inc. (The)(b)(c)
|
|
24,740
|
1,562,578
|
|
Bank of N.T. Butterfield & Son Ltd. (The)
(Bermuda)
|
|
29,604
|
1,347,278
|
|
Bank of New York Mellon Corp. (The)
|
|
87
|
8,826
|
|
Blue Foundry Bancorp(b)
|
|
10,727
|
91,716
|
|
Brighthouse Financial, Inc.(b)
|
|
37,392
|
1,789,207
|
|
Cannae Holdings, Inc.(c)
|
|
36,419
|
778,638
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
CNO Financial Group, Inc.
|
|
62,445
|
$2,300,474
|
|
Corebridge Financial, Inc.
|
|
157,379
|
5,596,397
|
|
Donegal Group, Inc., Class A
|
|
145
|
2,487
|
|
Enova International, Inc.(b)(c)
|
|
15,251
|
1,594,645
|
|
Equitable Holdings, Inc.
|
|
171,834
|
8,823,676
|
|
Euronet Worldwide, Inc.(b)
|
|
28,476
|
2,767,298
|
|
Federated Hermes, Inc., Class B
|
|
49,818
|
2,469,478
|
|
Fidelis Insurance Holdings Ltd. (United
Kingdom)
|
|
40,001
|
604,415
|
|
Fidelity National Information Services, Inc.
|
|
334,683
|
26,577,177
|
|
First Citizens BancShares, Inc., Class A
|
|
7,737
|
15,433,458
|
|
First Horizon Corp.
|
|
323,114
|
7,047,116
|
|
Fiserv, Inc.(b)
|
|
376,991
|
52,379,130
|
|
Genworth Financial, Inc., Class A(b)
|
|
237,316
|
1,865,304
|
|
Globe Life, Inc.
|
|
55,535
|
7,801,001
|
|
Goldman Sachs Group, Inc. (The)
|
|
98,513
|
71,283,022
|
|
Granite Point Mortgage Trust, Inc.
|
|
31,182
|
79,514
|
|
International Money Express, Inc.(b)(c)
|
|
19,954
|
179,386
|
|
Jackson Financial, Inc., Class A
|
|
46,530
|
4,074,167
|
|
Loews Corp.
|
|
129,077
|
11,686,632
|
|
MetLife, Inc.
|
|
403,601
|
30,653,496
|
|
MGIC Investment Corp.
|
|
144,453
|
3,741,333
|
|
Navient Corp.(c)
|
|
42,715
|
552,732
|
|
Old Republic International Corp.
|
|
145,063
|
5,246,929
|
|
OppFi, Inc.(c)
|
|
18,733
|
199,319
|
|
P10, Inc., Class A
|
|
47,723
|
586,993
|
|
Pathward Financial, Inc.
|
|
13,483
|
1,019,652
|
|
PayPal Holdings, Inc.(b)
|
|
696,085
|
47,862,805
|
|
Perella Weinberg Partners
|
|
36,771
|
733,214
|
|
PROG Holdings, Inc.
|
|
24,551
|
781,704
|
|
Radian Group, Inc.
|
|
82,688
|
2,696,456
|
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
29,946
|
7,299,038
|
|
Runway Growth Finance Corp.
|
|
26,731
|
287,358
|
|
Sierra Bancorp
|
|
9,001
|
263,909
|
|
SiriusPoint Ltd. (Sweden)(b)
|
|
58,413
|
1,145,479
|
|
SLM Corp.
|
|
35
|
1,113
|
|
SuRo Capital Corp.
|
|
14,497
|
123,079
|
|
Synchrony Financial
|
|
228,861
|
15,944,746
|
|
Unum Group
|
|
103,583
|
7,438,295
|
|
Wells Fargo & Co.
|
|
870,223
|
70,166,080
|
|
WEX, Inc.(b)
|
|
20,834
|
3,535,113
|
|
World Acceptance Corp.(b)(c)
|
|
3,001
|
472,117
|
|
|
|
|
472,358,290
|
|
Health Care-10.38%
|
|||
|
4D Molecular Therapeutics, Inc.(b)
|
|
24,536
|
110,412
|
|
Azenta, Inc.(b)(c)
|
|
29,162
|
953,597
|
|
Centene Corp.(b)
|
|
316,979
|
8,263,643
|
|
Cigna Group (The)
|
|
191,206
|
51,124,660
|
|
DaVita, Inc.(b)
|
|
29,721
|
4,171,937
|
|
Definitive Healthcare Corp.(b)
|
|
26,122
|
101,876
|
|
Dynavax Technologies Corp.(b)
|
|
72,195
|
792,701
|
|
Exelixis, Inc.(b)
|
|
175,670
|
6,362,767
|
|
Fulcrum Therapeutics, Inc.(b)(c)
|
|
25,054
|
168,613
|
|
Haemonetics Corp.(b)
|
|
30,259
|
2,240,376
|
|
HCA Healthcare, Inc.
|
|
122,254
|
43,276,693
|
|
Incyte Corp.(b)
|
|
130,234
|
9,753,224
|
|
Molina Healthcare, Inc.(b)
|
|
27,931
|
4,409,467
|
|
Option Care Health, Inc.(b)
|
|
103,137
|
3,027,071
|
|
Premier, Inc., Class A(c)
|
|
51,274
|
1,101,366
|
|
Pro-Dex, Inc.(b)(c)
|
|
1,611
|
80,631
|
|
Progyny, Inc.(b)
|
|
42,333
|
995,249
|
|
Roivant Sciences Ltd.(b)(c)
|
|
267,612
|
3,040,072
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Teleflex, Inc.
|
|
18,977
|
$2,267,752
|
|
Tenet Healthcare Corp.(b)
|
|
247
|
39,836
|
|
Utah Medical Products, Inc.
|
|
2,023
|
112,479
|
|
|
|
|
142,394,422
|
|
Industrials-4.32%
|
|||
|
AerCap Holdings N.V. (Ireland)
|
|
120,664
|
12,941,214
|
|
AerSale Corp.(b)
|
|
23,479
|
141,813
|
|
American Woodmark Corp.(b)
|
|
8,097
|
425,983
|
|
Atkore, Inc.(c)
|
|
22,400
|
1,725,248
|
|
BlueLinx Holdings, Inc.(b)
|
|
5,110
|
374,410
|
|
Builders FirstSource, Inc.(b)
|
|
68,026
|
8,648,145
|
|
Carlisle Cos., Inc.
|
|
26,624
|
9,443,799
|
|
Cimpress PLC (Ireland)(b)
|
|
15,136
|
837,172
|
|
Conduent, Inc.(b)
|
|
107,721
|
286,538
|
|
Core & Main, Inc., Class A(b)
|
|
54
|
3,437
|
|
Custom Truck One Source, Inc.(b)
|
|
50,251
|
311,054
|
|
Griffon Corp.
|
|
214
|
17,392
|
|
IBEX Holdings Ltd.(b)
|
|
235
|
6,949
|
|
Kelly Services, Inc., Class A
|
|
21,239
|
260,178
|
|
Legalzoom.com, Inc.(b)
|
|
158
|
1,420
|
|
Maximus, Inc.
|
|
31,459
|
2,323,562
|
|
MYR Group, Inc.(b)
|
|
9,444
|
1,827,414
|
|
Proto Labs, Inc.(b)
|
|
12,590
|
542,881
|
|
RCM Technologies, Inc.(b)
|
|
3,597
|
86,724
|
|
REV Group, Inc.
|
|
27,941
|
1,384,476
|
|
RTX Corp.
|
|
282
|
44,435
|
|
Ryder System, Inc.
|
|
26,926
|
4,785,019
|
|
Safe Bulkers, Inc. (Monaco)
|
|
38,811
|
152,527
|
|
Science Applications International Corp.
|
|
30,530
|
3,403,484
|
|
Taylor Devices, Inc.(b)(c)
|
|
118
|
5,322
|
|
Textron, Inc.
|
|
112,421
|
8,742,981
|
|
Titan International, Inc.(b)
|
|
31,917
|
270,018
|
|
Wabash National Corp.
|
|
27,571
|
274,607
|
|
|
|
|
59,268,202
|
|
Information Technology-4.93%
|
|||
|
Avnet, Inc.
|
|
54,619
|
2,891,530
|
|
Blackbaud, Inc.(b)
|
|
21,530
|
1,451,552
|
|
Clear Secure, Inc., Class A
|
|
50,190
|
1,476,088
|
|
Clearfield, Inc.(b)(c)
|
|
270
|
11,829
|
|
Core Scientific, Inc.(b)(c)
|
|
42
|
569
|
|
DoubleVerify Holdings, Inc.(b)
|
|
84,906
|
1,300,760
|
|
Dropbox, Inc., Class A(b)(c)
|
|
130,314
|
3,540,631
|
|
IPG Photonics Corp.(b)(c)
|
|
18,875
|
1,413,549
|
|
Jabil, Inc.
|
|
67,595
|
15,085,176
|
|
Nebius Group N.V., Class A
(Netherlands)(b)
|
|
144,874
|
7,885,492
|
|
ScanSource, Inc.(b)
|
|
12,776
|
496,220
|
|
SmartRent, Inc.(b)
|
|
109,097
|
110,188
|
|
Twilio, Inc., Class A(b)
|
|
109,276
|
14,096,604
|
|
UiPath, Inc., Class A(b)
|
|
284,938
|
3,348,021
|
|
VeriSign, Inc.
|
|
53,767
|
14,456,333
|
|
|
|
|
67,564,542
|
|
Materials-6.74%
|
|||
|
Ashland, Inc.
|
|
29,762
|
1,534,529
|
|
Ball Corp.
|
|
188,632
|
10,801,068
|
|
CF Industries Holdings, Inc.
|
|
109,000
|
10,118,470
|
|
CRH PLC
|
|
482,111
|
46,017,495
|
|
Koppers Holdings, Inc.
|
|
11,887
|
390,607
|
|
MP Materials Corp.(b)(c)
|
|
147
|
9,040
|
|
Reliance, Inc.
|
|
32,370
|
9,391,508
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Ryerson Holding Corp.
|
|
18,435
|
$379,761
|
|
Steel Dynamics, Inc.
|
|
100,942
|
12,876,162
|
|
Sylvamo Corp.
|
|
18,946
|
872,842
|
|
|
|
|
92,391,482
|
|
Real Estate-0.40%
|
|||
|
Healthcare Realty Trust, Inc.(c)
|
|
226,376
|
3,477,136
|
|
JBG SMITH Properties, (Acquired
01/31/2023 - 07/29/2025;
Cost $617,594)(d)
|
|
36,078
|
764,132
|
|
Park Hotels & Resorts, Inc.
|
|
118,750
|
1,265,875
|
|
|
|
|
5,507,143
|
|
Utilities-1.61%
|
|||
|
NRG Energy, Inc.
|
|
131,539
|
21,993,321
|
|
Vistra Corp.
|
|
273
|
56,931
|
|
|
|
|
22,050,252
|
|
Total Common Stocks & Other Equity Interests
(Cost $1,314,510,898)
|
1,369,875,109
|
||
|
|
|||
|
Closed-End Fund-0.04%
|
|||
|
Nuveen Churchill Direct Lending Corp.
|
|
30,230
|
494,563
|
|
Total Closed-End Fund
(Cost $494,835)
|
494,563
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.11%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(e)(f)
(Cost $1,447,961)
|
|
1,447,961
|
$1,447,961
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.05%
(Cost $1,316,453,694)
|
1,371,817,633
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-3.38%
|
|||
|
Invesco Private Government Fund,
4.32%(e)(f)(g)
|
|
8,209,828
|
8,209,828
|
|
Invesco Private Prime Fund, 4.46%(e)(f)(g)
|
|
38,186,979
|
38,194,616
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $46,404,577)
|
46,404,444
|
||
|
TOTAL INVESTMENTS IN SECURITIES-103.43%
(Cost $1,362,858,271)
|
1,418,222,077
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.43)%
|
(47,020,274
)
|
||
|
NET ASSETS-100.00%
|
$1,371,201,803
|
||
|
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)
|
Restricted security. The value of this security at July 31, 2025 represented less than 1% of the Fund’s Net Assets.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the 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
|
$1,335,636
|
$6,116,510
|
$(6,004,185
)
|
$-
|
$-
|
$1,447,961
|
$16,150
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
14,425,128
|
36,990,057
|
(43,205,357
)
|
-
|
-
|
8,209,828
|
153,877
*
|
|
Invesco Private Prime Fund
|
38,420,365
|
58,634,204
|
(58,859,820
)
|
2,069
|
(2,202
)
|
38,194,616
|
412,562
*
|
|
Total
|
$54,181,129
|
$101,740,771
|
$(108,069,362
)
|
$2,069
|
$(2,202
)
|
$47,852,405
|
$582,589
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.89%
|
|||
|
Communication Services-1.28%
|
|||
|
Cogent Communications Holdings, Inc.(b)
|
|
1,420
|
$64,738
|
|
Comcast Corp., Class A
|
|
107,148
|
3,560,528
|
|
John Wiley & Sons, Inc., Class A(b)
|
|
1,292
|
49,871
|
|
Nexstar Media Group, Inc., Class A(b)
|
|
869
|
162,599
|
|
Verizon Communications, Inc.
|
|
121,304
|
5,186,959
|
|
|
|
|
9,024,695
|
|
Consumer Discretionary-4.51%
|
|||
|
Best Buy Co., Inc.
|
|
6,089
|
396,150
|
|
Brunswick Corp.(b)
|
|
1,888
|
110,052
|
|
Churchill Downs, Inc.(b)
|
|
2,076
|
222,215
|
|
D.R. Horton, Inc.
|
|
8,837
|
1,262,277
|
|
Dick’s Sporting Goods, Inc.
|
|
1,624
|
343,492
|
|
Dillard’s, Inc., Class A
|
|
336
|
156,888
|
|
Domino’s Pizza, Inc.
|
|
987
|
457,188
|
|
Genuine Parts Co.
|
|
3,994
|
514,747
|
|
Haverty Furniture Cos., Inc.(b)
|
|
427
|
8,809
|
|
Home Depot, Inc. (The)
|
|
28,625
|
10,519,974
|
|
Johnson Outdoors, Inc., Class A(b)
|
|
262
|
8,698
|
|
Lithia Motors, Inc., Class A
|
|
751
|
216,288
|
|
Lowe’s Cos., Inc.
|
|
16,123
|
3,604,619
|
|
McDonald’s Corp.
|
|
20,571
|
6,172,740
|
|
NIKE, Inc., Class B
|
|
33,892
|
2,531,393
|
|
Polaris, Inc.(b)
|
|
1,616
|
85,503
|
|
Pool Corp.(b)
|
|
1,083
|
333,716
|
|
Service Corp. International
|
|
4,097
|
312,642
|
|
Shoe Carnival, Inc.
|
|
789
|
16,143
|
|
Starbucks Corp.
|
|
32,697
|
2,915,265
|
|
Thor Industries, Inc.(b)
|
|
1,530
|
139,215
|
|
Tractor Supply Co.(b)
|
|
15,256
|
868,829
|
|
Williams-Sonoma, Inc.
|
|
3,536
|
661,409
|
|
|
|
|
31,858,252
|
|
Consumer Staples-11.92%
|
|||
|
Altria Group, Inc.
|
|
48,460
|
3,001,612
|
|
Andersons, Inc. (The)
|
|
985
|
35,381
|
|
Archer-Daniels-Midland Co.
|
|
13,825
|
749,039
|
|
Brown-Forman Corp., Class B(b)
|
|
8,733
|
251,947
|
|
Casey’s General Stores, Inc.
|
|
1,069
|
556,019
|
|
Church & Dwight Co., Inc.
|
|
7,086
|
664,454
|
|
Clorox Co. (The)
|
|
3,544
|
444,985
|
|
Coca-Cola Co. (The)
|
|
123,832
|
8,406,954
|
|
Colgate-Palmolive Co.
|
|
23,315
|
1,954,963
|
|
Costco Wholesale Corp.
|
|
12,766
|
11,995,444
|
|
Flowers Foods, Inc.(b)
|
|
6,074
|
96,273
|
|
Hershey Co. (The)
|
|
4,258
|
792,542
|
|
Hormel Foods Corp.
|
|
15,821
|
444,412
|
|
Ingredion, Inc.
|
|
1,849
|
243,217
|
|
J&J Snack Foods Corp.(b)
|
|
558
|
62,993
|
|
J.M. Smucker Co. (The)
|
|
3,061
|
328,568
|
|
Kimberly-Clark Corp.
|
|
9,548
|
1,189,872
|
|
Kroger Co. (The)
|
|
19,156
|
1,342,836
|
|
Marzetti Co. (The)
|
|
795
|
141,319
|
|
McCormick & Co., Inc.
|
|
7,270
|
513,480
|
|
Mondelez International, Inc., Class A
|
|
37,254
|
2,409,961
|
|
Oil-Dri Corp.of America
|
|
296
|
16,694
|
|
PepsiCo, Inc.
|
|
39,445
|
5,440,254
|
|
Philip Morris International, Inc.
|
|
44,782
|
7,346,487
|
|
Procter & Gamble Co. (The)
|
|
67,450
|
10,149,202
|
|
SpartanNash Co.
|
|
976
|
25,903
|
|
Sysco Corp.
|
|
13,948
|
1,110,261
|
|
Target Corp.
|
|
13,072
|
1,313,736
|
|
|
Shares
|
Value
|
|
|
Consumer Staples-(continued)
|
|||
|
Tootsie Roll Industries, Inc.(b)
|
|
1,203
|
$45,630
|
|
Tyson Foods, Inc., Class A
|
|
8,236
|
430,743
|
|
Universal Corp.
|
|
709
|
38,619
|
|
Walmart, Inc.
|
|
230,183
|
22,553,330
|
|
WD-40 Co.
|
|
388
|
83,187
|
|
|
|
|
84,180,317
|
|
Energy-3.84%
|
|||
|
Chevron Corp.
|
|
50,246
|
7,619,303
|
|
Delek Logistics Partners L.P.
|
|
1,537
|
70,871
|
|
Enterprise Products Partners L.P.
|
|
62,399
|
1,933,745
|
|
Exxon Mobil Corp.
|
|
123,986
|
13,841,797
|
|
MPLX L.P.
|
|
29,367
|
1,541,768
|
|
Phillips 66
|
|
11,722
|
1,448,605
|
|
Texas Pacific Land Corp.
|
|
659
|
637,998
|
|
|
|
|
27,094,087
|
|
Financials-20.58%
|
|||
|
1st Source Corp.
|
|
704
|
42,113
|
|
Aflac, Inc.
|
|
15,556
|
1,545,644
|
|
Alerus Financial Corp.
|
|
732
|
15,474
|
|
Allstate Corp. (The)
|
|
7,618
|
1,548,358
|
|
American Financial Group, Inc.
|
|
2,405
|
300,384
|
|
Ameriprise Financial, Inc.
|
|
2,740
|
1,419,841
|
|
AMERISAFE, Inc.
|
|
546
|
24,450
|
|
Aon PLC, Class A
|
|
6,211
|
2,209,315
|
|
Arbor Realty Trust, Inc.(b)
|
|
5,529
|
61,704
|
|
Arrow Financial Corp.
|
|
478
|
12,810
|
|
Arthur J. Gallagher & Co.
|
|
7,368
|
2,116,458
|
|
Associated Banc-Corp
|
|
4,769
|
117,985
|
|
Assurant, Inc.
|
|
1,459
|
273,271
|
|
Assured Guaranty Ltd.
|
|
1,412
|
119,427
|
|
Atlantic Union Bankshares Corp., Class B(b)
|
|
4,100
|
129,970
|
|
BancFirst Corp.(b)
|
|
958
|
119,290
|
|
Bank First Corp.(b)
|
|
284
|
33,745
|
|
Bank of America Corp.
|
|
216,691
|
10,242,984
|
|
Bank of New York Mellon Corp. (The)
|
|
20,582
|
2,088,044
|
|
Bank OZK
|
|
3,239
|
159,683
|
|
Bar Harbor Bankshares
|
|
439
|
12,749
|
|
BlackRock, Inc.
|
|
4,457
|
4,929,487
|
|
BOK Financial Corp.(b)
|
|
1,847
|
187,526
|
|
Brown & Brown, Inc.
|
|
8,247
|
753,528
|
|
Cadence Bank(b)
|
|
5,364
|
186,935
|
|
Capital City Bank Group, Inc.
|
|
489
|
19,359
|
|
Cass Information Systems, Inc.
|
|
383
|
15,324
|
|
Cboe Global Markets, Inc.
|
|
3,012
|
726,012
|
|
Chubb Ltd.
|
|
11,529
|
3,067,175
|
|
Cincinnati Financial Corp.
|
|
4,496
|
663,205
|
|
City Holding Co.(b)
|
|
415
|
50,671
|
|
Civista Bancshares, Inc.
|
|
445
|
8,664
|
|
CME Group, Inc., Class A
|
|
10,367
|
2,884,929
|
|
CNO Financial Group, Inc.
|
|
2,852
|
105,068
|
|
Cohen & Steers, Inc.(b)
|
|
1,467
|
107,913
|
|
Commerce Bancshares, Inc.
|
|
3,840
|
235,008
|
|
Community Financial System, Inc.(b)
|
|
1,520
|
80,104
|
|
Community Trust Bancorp, Inc.
|
|
519
|
28,016
|
|
Cullen/Frost Bankers, Inc.(b)
|
|
1,848
|
235,454
|
|
Donegal Group, Inc., Class A
|
|
880
|
15,092
|
|
Enterprise Financial Services Corp.(b)
|
|
1,064
|
58,722
|
|
Erie Indemnity Co., Class A
|
|
1,329
|
473,443
|
|
Evercore, Inc., Class A
|
|
1,113
|
335,169
|
|
FactSet Research Systems, Inc.
|
|
1,093
|
440,370
|
|
Federal Agricultural Mortgage Corp., Class C
|
|
270
|
46,513
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Fidelity National Financial, Inc.(b)
|
|
7,899
|
$445,741
|
|
Fifth Third Bancorp
|
|
19,203
|
798,269
|
|
First American Financial Corp.(b)
|
|
2,960
|
177,748
|
|
First Business Financial Services, Inc.
|
|
239
|
11,381
|
|
First Community Bankshares, Inc.(b)
|
|
524
|
19,126
|
|
First Financial Bankshares, Inc.(b)
|
|
4,116
|
142,496
|
|
First Financial Corp.
|
|
340
|
18,207
|
|
First Merchants Corp.
|
|
1,677
|
63,927
|
|
Franklin Resources, Inc.
|
|
15,117
|
362,808
|
|
German American Bancorp, Inc.(b)
|
|
1,080
|
41,494
|
|
Globe Life, Inc.
|
|
2,377
|
333,897
|
|
Goldman Sachs Group, Inc. (The)
|
|
8,827
|
6,387,129
|
|
Hanover Insurance Group, Inc. (The)
|
|
1,035
|
177,637
|
|
Hartford Insurance Group, Inc. (The)
|
|
8,175
|
1,016,888
|
|
Heritage Financial Corp.
|
|
983
|
22,157
|
|
Home BancShares, Inc.
|
|
5,681
|
159,977
|
|
Horace Mann Educators Corp.
|
|
1,174
|
49,930
|
|
Independent Bank Corp.(b)
|
|
1,227
|
77,976
|
|
Independent Bank Corp.
|
|
594
|
18,147
|
|
Intercontinental Exchange, Inc.
|
|
16,501
|
3,049,880
|
|
International Bancshares Corp.
|
|
1,787
|
121,838
|
|
Jack Henry & Associates, Inc.
|
|
2,093
|
355,423
|
|
JPMorgan Chase & Co.
|
|
79,954
|
23,685,573
|
|
Lakeland Financial Corp.(b)
|
|
738
|
46,767
|
|
Main Street Capital Corp.(b)
|
|
2,563
|
165,826
|
|
MarketAxess Holdings, Inc.
|
|
1,080
|
221,940
|
|
Marsh & McLennan Cos., Inc.
|
|
14,177
|
2,824,058
|
|
Mastercard, Inc., Class A
|
|
25,930
|
14,688,567
|
|
Mercantile Bank Corp.
|
|
465
|
21,246
|
|
MetLife, Inc.
|
|
19,312
|
1,466,746
|
|
Moody’s Corp.
|
|
5,178
|
2,670,450
|
|
Morgan Stanley
|
|
46,157
|
6,575,526
|
|
Morningstar, Inc.
|
|
1,216
|
336,175
|
|
MSCI, Inc.
|
|
2,228
|
1,250,710
|
|
Nasdaq, Inc.
|
|
16,516
|
1,589,169
|
|
NBT Bancorp, Inc.(b)
|
|
1,505
|
62,277
|
|
Nelnet, Inc., Class A(b)
|
|
742
|
92,579
|
|
Northrim BanCorp, Inc.
|
|
158
|
13,198
|
|
Old Republic International Corp.
|
|
7,111
|
257,205
|
|
PNC Financial Services Group, Inc. (The)
|
|
11,381
|
2,165,463
|
|
Primerica, Inc.(b)
|
|
947
|
251,552
|
|
Principal Financial Group, Inc.
|
|
6,448
|
501,848
|
|
Prosperity Bancshares, Inc.(b)
|
|
2,742
|
182,672
|
|
Prudential Financial, Inc.
|
|
10,185
|
1,054,962
|
|
Raymond James Financial, Inc.
|
|
5,804
|
970,022
|
|
Regions Financial Corp.
|
|
25,863
|
655,110
|
|
Reinsurance Group of America, Inc.
|
|
1,900
|
365,655
|
|
RenaissanceRe Holdings Ltd. (Bermuda)
|
|
1,400
|
341,236
|
|
Republic Bancorp, Inc., Class A
|
|
498
|
34,292
|
|
RLI Corp.
|
|
2,641
|
174,280
|
|
S&P Global, Inc.
|
|
8,823
|
4,862,355
|
|
S&T Bancorp, Inc.(b)
|
|
1,104
|
40,451
|
|
SEI Investments Co.
|
|
3,579
|
315,381
|
|
Selective Insurance Group, Inc.
|
|
1,747
|
136,214
|
|
ServisFirst Bancshares, Inc.(b)
|
|
1,571
|
123,559
|
|
Simmons First National Corp., Class A(b)
|
|
3,621
|
69,415
|
|
Southern Missouri Bancorp, Inc.(b)
|
|
324
|
17,525
|
|
Southside Bancshares, Inc.(b)
|
|
871
|
25,642
|
|
SouthState Corp.
|
|
2,920
|
274,976
|
|
State Street Corp.
|
|
8,206
|
917,020
|
|
Stock Yards Bancorp, Inc.(b)
|
|
850
|
63,546
|
|
T. Rowe Price Group, Inc.
|
|
6,337
|
642,889
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Tompkins Financial Corp.
|
|
414
|
$26,778
|
|
Towne Bank(b)
|
|
2,167
|
75,910
|
|
Travelers Cos., Inc. (The)
|
|
6,516
|
1,695,724
|
|
TriCo Bancshares(b)
|
|
947
|
38,941
|
|
U.S. Bancorp
|
|
44,825
|
2,015,332
|
|
UMB Financial Corp.
|
|
2,187
|
240,548
|
|
United Bankshares, Inc.
|
|
4,088
|
145,206
|
|
United Community Banks, Inc.
|
|
3,493
|
106,536
|
|
Unity Bancorp, Inc.
|
|
288
|
14,144
|
|
Unum Group
|
|
5,014
|
360,055
|
|
Visa, Inc., Class A
|
|
49,225
|
17,005,761
|
|
W.R. Berkley Corp.
|
|
10,916
|
751,130
|
|
WaFd, Inc.(b)
|
|
2,308
|
67,174
|
|
WesBanco, Inc.(b)
|
|
2,753
|
82,948
|
|
Westamerica Bancorporation
|
|
756
|
36,212
|
|
Wintrust Financial Corp.
|
|
1,924
|
246,233
|
|
Zions Bancorporation N.A.
|
|
4,246
|
227,671
|
|
|
|
|
145,389,842
|
|
Health Care-13.73%
|
|||
|
Abbott Laboratories
|
|
50,053
|
6,316,188
|
|
AbbVie, Inc.
|
|
50,819
|
9,605,807
|
|
Agilent Technologies, Inc.
|
|
8,204
|
941,901
|
|
Amgen, Inc.
|
|
15,472
|
4,565,787
|
|
Becton, Dickinson and Co.
|
|
8,247
|
1,470,028
|
|
Bristol-Myers Squibb Co.
|
|
58,548
|
2,535,714
|
|
Cardinal Health, Inc.
|
|
6,868
|
1,066,051
|
|
Cencora, Inc.
|
|
5,577
|
1,595,468
|
|
Chemed Corp.
|
|
419
|
172,754
|
|
Danaher Corp.
|
|
20,589
|
4,059,327
|
|
Elevance Health, Inc.
|
|
6,498
|
1,839,454
|
|
Eli Lilly and Co.
|
|
27,267
|
20,179,489
|
|
Ensign Group, Inc. (The)(b)
|
|
1,653
|
247,950
|
|
Johnson & Johnson
|
|
69,224
|
11,403,962
|
|
LeMaitre Vascular, Inc.(b)
|
|
648
|
52,644
|
|
McKesson Corp.
|
|
3,597
|
2,494,663
|
|
Medtronic PLC
|
|
36,889
|
3,328,863
|
|
Merck & Co., Inc.
|
|
72,244
|
5,643,701
|
|
National HealthCare Corp.
|
|
444
|
42,637
|
|
Perrigo Co. PLC
|
|
3,957
|
105,533
|
|
Pfizer, Inc.
|
|
163,570
|
3,809,545
|
|
Quest Diagnostics, Inc.
|
|
3,211
|
537,554
|
|
ResMed, Inc.
|
|
4,219
|
1,147,315
|
|
STERIS PLC
|
|
2,830
|
640,967
|
|
Stryker Corp.
|
|
10,997
|
4,318,852
|
|
UnitedHealth Group, Inc.
|
|
26,099
|
6,513,266
|
|
West Pharmaceutical Services, Inc.
|
|
2,065
|
494,072
|
|
Zoetis, Inc.
|
|
12,810
|
1,867,570
|
|
|
|
|
96,997,062
|
|
Industrials-11.23%
|
|||
|
A.O. Smith Corp.
|
|
3,343
|
236,651
|
|
ABM Industries, Inc.
|
|
1,789
|
82,527
|
|
Advanced Drainage Systems, Inc.
|
|
2,234
|
256,352
|
|
AGCO Corp.
|
|
2,143
|
252,810
|
|
Air Lease Corp., Class A
|
|
3,214
|
178,056
|
|
Alamo Group, Inc.(b)
|
|
347
|
77,235
|
|
Allegion PLC
|
|
2,477
|
410,984
|
|
Apogee Enterprises, Inc.(b)
|
|
619
|
25,992
|
|
Applied Industrial Technologies, Inc.
|
|
1,097
|
297,836
|
|
Automatic Data Processing, Inc.
|
|
11,678
|
3,614,341
|
|
Booz Allen Hamilton Holding Corp.
|
|
3,571
|
383,275
|
|
Brady Corp., Class A(b)
|
|
1,260
|
88,918
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Broadridge Financial Solutions, Inc.
|
|
3,378
|
$836,089
|
|
C.H. Robinson Worldwide, Inc.
|
|
3,414
|
393,702
|
|
Carlisle Cos., Inc.
|
|
1,245
|
441,614
|
|
Caterpillar, Inc.
|
|
13,529
|
5,925,973
|
|
Cintas Corp.
|
|
11,617
|
2,585,363
|
|
Comfort Systems USA, Inc.
|
|
1,016
|
714,553
|
|
CSG Systems International, Inc.(b)
|
|
836
|
52,217
|
|
CSX Corp.
|
|
54,045
|
1,920,759
|
|
Cummins, Inc.
|
|
3,965
|
1,457,613
|
|
Donaldson Co., Inc.
|
|
3,437
|
247,361
|
|
Dover Corp.
|
|
3,946
|
714,778
|
|
Eaton Corp. PLC
|
|
11,259
|
4,331,562
|
|
Emerson Electric Co.
|
|
16,182
|
2,354,643
|
|
Expeditors International of Washington, Inc.
|
|
3,941
|
458,102
|
|
Exponent, Inc.
|
|
1,460
|
100,682
|
|
Fastenal Co.
|
|
33,007
|
1,522,613
|
|
Franklin Electric Co., Inc.
|
|
1,312
|
123,262
|
|
GATX Corp.(b)
|
|
1,029
|
157,118
|
|
General Dynamics Corp.
|
|
7,720
|
2,405,629
|
|
Gorman-Rupp Co. (The)
|
|
759
|
31,240
|
|
Graco, Inc.
|
|
4,807
|
403,692
|
|
Griffon Corp.
|
|
1,353
|
109,958
|
|
HEICO Corp.(b)
|
|
1,583
|
517,324
|
|
Hillenbrand, Inc.(b)
|
|
2,025
|
41,938
|
|
HNI Corp.(b)
|
|
1,340
|
68,930
|
|
Honeywell International, Inc.
|
|
18,491
|
4,111,474
|
|
Hubbell, Inc.
|
|
1,535
|
671,532
|
|
Huntington Ingalls Industries, Inc.
|
|
1,130
|
315,112
|
|
Hyster-Yale, Inc.(b)
|
|
409
|
17,182
|
|
IDEX Corp.
|
|
2,171
|
354,980
|
|
Illinois Tool Works, Inc.
|
|
8,431
|
2,158,083
|
|
Insperity, Inc.
|
|
1,084
|
64,585
|
|
ITT, Inc.
|
|
2,266
|
385,129
|
|
J.B. Hunt Transport Services, Inc.
|
|
2,854
|
411,119
|
|
Kadant, Inc.(b)
|
|
338
|
112,476
|
|
L3Harris Technologies, Inc.
|
|
5,380
|
1,478,532
|
|
Landstar System, Inc.
|
|
1,007
|
134,304
|
|
Lennox International, Inc.
|
|
1,022
|
622,398
|
|
Lincoln Electric Holdings, Inc.
|
|
1,606
|
391,061
|
|
Lindsay Corp.
|
|
312
|
42,591
|
|
Lockheed Martin Corp.
|
|
6,742
|
2,838,247
|
|
Masco Corp.
|
|
6,068
|
413,413
|
|
Matson, Inc.
|
|
941
|
100,480
|
|
Matthews International Corp., Class A(b)
|
|
894
|
21,000
|
|
MSA Safety, Inc.
|
|
1,132
|
201,349
|
|
Mueller Water Products, Inc., Class A
|
|
4,507
|
111,593
|
|
Nordson Corp.(b)
|
|
1,625
|
348,091
|
|
Northrop Grumman Corp.
|
|
4,142
|
2,388,319
|
|
Oshkosh Corp.
|
|
1,851
|
234,207
|
|
Owens Corning
|
|
2,449
|
341,464
|
|
Paychex, Inc.
|
|
10,362
|
1,495,547
|
|
Republic Services, Inc.
|
|
8,990
|
2,073,544
|
|
Robert Half, Inc.(b)
|
|
2,939
|
108,478
|
|
Rockwell Automation, Inc.
|
|
3,242
|
1,140,244
|
|
RTX Corp.
|
|
38,433
|
6,055,888
|
|
Ryder System, Inc.
|
|
1,190
|
211,475
|
|
Simpson Manufacturing Co., Inc.(b)
|
|
1,204
|
216,034
|
|
Snap-on, Inc.
|
|
1,504
|
483,070
|
|
Standex International Corp.
|
|
346
|
57,000
|
|
Stanley Black & Decker, Inc.(b)
|
|
4,451
|
301,110
|
|
Tennant Co.(b)
|
|
535
|
44,159
|
|
Tetra Tech, Inc.
|
|
7,580
|
278,489
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Timken Co. (The)
|
|
2,011
|
$153,017
|
|
Toro Co. (The)
|
|
2,872
|
213,246
|
|
Trane Technologies PLC
|
|
6,414
|
2,809,845
|
|
Trinity Industries, Inc.
|
|
2,350
|
54,755
|
|
UFP Industries, Inc.(b)
|
|
1,737
|
170,226
|
|
Union Pacific Corp.
|
|
17,190
|
3,815,664
|
|
United Parcel Service, Inc., Class B
|
|
21,112
|
1,819,010
|
|
W.W. Grainger, Inc.
|
|
1,382
|
1,436,644
|
|
Waste Management, Inc.
|
|
11,577
|
2,652,985
|
|
Watsco, Inc.(b)
|
|
1,005
|
453,134
|
|
Watts Water Technologies, Inc., Class A
|
|
791
|
207,495
|
|
Xylem, Inc.
|
|
7,002
|
1,012,629
|
|
|
|
|
79,354,101
|
|
Information Technology-24.17%
|
|||
|
Accenture PLC, Class A (Ireland)
|
|
18,009
|
4,810,204
|
|
Amphenol Corp., Class A
|
|
34,800
|
3,706,548
|
|
Analog Devices, Inc.
|
|
14,278
|
3,207,267
|
|
Apple, Inc.
|
|
135,263
|
28,076,541
|
|
Avnet, Inc.
|
|
2,414
|
127,797
|
|
Badger Meter, Inc.
|
|
849
|
160,257
|
|
Broadcom, Inc.
|
|
112,238
|
32,964,301
|
|
CDW Corp.
|
|
3,791
|
661,075
|
|
Cisco Systems, Inc.
|
|
113,927
|
7,756,150
|
|
Dolby Laboratories, Inc., Class A
|
|
1,766
|
133,050
|
|
HP, Inc.
|
|
27,025
|
670,220
|
|
International Business Machines Corp.
|
|
26,737
|
6,768,472
|
|
Intuit, Inc.
|
|
8,028
|
6,303,024
|
|
KLA Corp.
|
|
3,806
|
3,345,588
|
|
Lam Research Corp.
|
|
36,798
|
3,489,922
|
|
Littelfuse, Inc.(b)
|
|
709
|
182,447
|
|
Microchip Technology, Inc.
|
|
15,520
|
1,048,997
|
|
Microsoft Corp.
|
|
59,031
|
31,493,038
|
|
Motorola Solutions, Inc.
|
|
4,801
|
2,107,543
|
|
Oracle Corp.
|
|
80,680
|
20,474,164
|
|
Power Integrations, Inc.(b)
|
|
1,619
|
78,554
|
|
QUALCOMM, Inc.
|
|
31,591
|
4,636,295
|
|
Roper Technologies, Inc.
|
|
3,093
|
1,702,387
|
|
Skyworks Solutions, Inc.
|
|
4,319
|
296,024
|
|
TE Connectivity PLC (Switzerland)
|
|
8,532
|
1,755,459
|
|
Texas Instruments, Inc.
|
|
26,137
|
4,732,365
|
|
|
|
|
170,687,689
|
|
Materials-2.84%
|
|||
|
Air Products and Chemicals, Inc.
|
|
6,401
|
1,842,720
|
|
Albemarle Corp.(b)
|
|
3,383
|
229,536
|
|
AptarGroup, Inc.
|
|
1,898
|
298,252
|
|
Ashland, Inc.(b)
|
|
1,315
|
67,801
|
|
Avery Dennison Corp.
|
|
2,251
|
377,650
|
|
Avient Corp.
|
|
2,634
|
83,155
|
|
Balchem Corp.
|
|
940
|
143,322
|
|
Cabot Corp.
|
|
1,545
|
111,518
|
|
Eastman Chemical Co.
|
|
3,320
|
241,065
|
|
Ecolab, Inc.
|
|
8,159
|
2,135,700
|
|
H.B. Fuller Co.
|
|
1,559
|
87,616
|
|
Hawkins, Inc.(b)
|
|
596
|
97,315
|
|
Innospec, Inc.
|
|
716
|
57,208
|
|
Linde PLC
|
|
13,541
|
6,232,381
|
|
LyondellBasell Industries N.V., Class A
|
|
9,245
|
535,563
|
|
Materion Corp.
|
|
597
|
62,864
|
|
Nucor Corp.
|
|
6,641
|
950,128
|
|
PPG Industries, Inc.
|
|
6,528
|
688,704
|
|
Quaker Chemical Corp.(b)
|
|
507
|
58,011
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Reliance, Inc.
|
|
1,513
|
$438,967
|
|
Royal Gold, Inc.
|
|
1,892
|
286,487
|
|
RPM International, Inc.
|
|
3,697
|
434,065
|
|
Sherwin-Williams Co. (The)
|
|
7,210
|
2,385,645
|
|
Silgan Holdings, Inc.
|
|
3,078
|
143,219
|
|
Sonoco Products Co.
|
|
2,838
|
127,909
|
|
Steel Dynamics, Inc.
|
|
4,271
|
544,809
|
|
Stepan Co.
|
|
647
|
32,848
|
|
Vulcan Materials Co.
|
|
3,803
|
1,044,570
|
|
Westlake Corp.(b)
|
|
3,692
|
292,775
|
|
|
|
|
20,031,803
|
|
Real Estate-1.63%
|
|||
|
Agree Realty Corp.
|
|
3,164
|
226,859
|
|
Alexandria Real Estate Equities, Inc.
|
|
4,975
|
380,239
|
|
American Tower Corp.
|
|
13,467
|
2,806,388
|
|
CareTrust REIT, Inc.
|
|
5,516
|
175,409
|
|
CubeSmart
|
|
6,561
|
255,289
|
|
EastGroup Properties, Inc.
|
|
1,511
|
246,656
|
|
Equity LifeStyle Properties, Inc.
|
|
5,502
|
329,680
|
|
Essex Property Trust, Inc.(b)
|
|
1,851
|
481,593
|
|
First Industrial Realty Trust, Inc.
|
|
3,811
|
185,672
|
|
Getty Realty Corp.(b)
|
|
1,595
|
44,325
|
|
Gladstone Land Corp.
|
|
1,042
|
9,586
|
|
Mid-America Apartment Communities, Inc.
|
|
3,366
|
479,419
|
|
NNN REIT, Inc.
|
|
5,409
|
223,175
|
|
Prologis, Inc., REIT
|
|
26,694
|
2,850,385
|
|
Realty Income Corp., REIT
|
|
25,982
|
1,458,370
|
|
Regency Centers Corp.
|
|
5,225
|
373,065
|
|
Rexford Industrial Realty, Inc.(b)
|
|
6,811
|
248,806
|
|
STAG Industrial, Inc.
|
|
5,370
|
184,352
|
|
Terreno Realty Corp.(b)
|
|
2,972
|
164,916
|
|
UDR, Inc.
|
|
9,534
|
374,591
|
|
Universal Health Realty Income Trust(b)
|
|
397
|
15,400
|
|
|
|
|
11,514,175
|
|
Utilities-4.16%
|
|||
|
AES Corp. (The)
|
|
20,481
|
269,325
|
|
Alliant Energy Corp.
|
|
7,390
|
480,424
|
|
Ameren Corp.
|
|
7,774
|
786,185
|
|
American Electric Power Co., Inc.
|
|
15,371
|
1,739,075
|
|
American States Water Co.
|
|
1,109
|
81,611
|
|
American Water Works Co., Inc.
|
|
5,611
|
786,887
|
|
Artesian Resources Corp., Class A(b)
|
|
270
|
8,816
|
|
Atmos Energy Corp.
|
|
4,569
|
712,398
|
|
Avista Corp.(b)
|
|
2,320
|
86,536
|
|
Black Hills Corp.
|
|
2,084
|
120,414
|
|
Brookfield Infrastructure Partners L.P.
(Canada)
|
|
13,287
|
414,554
|
|
Brookfield Renewable Partners L.P. (Canada)
|
|
8,176
|
225,249
|
|
California Water Service Group
|
|
1,713
|
77,890
|
|
Chesapeake Utilities Corp.
|
|
669
|
80,200
|
|
CMS Energy Corp.
|
|
8,606
|
635,123
|
|
Consolidated Edison, Inc.
|
|
10,365
|
1,072,777
|
|
DTE Energy Co.
|
|
5,970
|
826,308
|
|
Duke Energy Corp.
|
|
22,360
|
2,719,870
|
|
Edison International
|
|
11,072
|
577,073
|
|
Entergy Corp.
|
|
12,396
|
1,120,970
|
|
Essential Utilities, Inc.
|
|
8,068
|
296,902
|
|
|
Shares
|
Value
|
|
|
Utilities-(continued)
|
|||
|
Evergy, Inc.
|
|
6,622
|
$468,838
|
|
Eversource Energy
|
|
10,568
|
698,545
|
|
H2O America
|
|
985
|
47,566
|
|
IDACORP, Inc.(b)
|
|
1,554
|
194,763
|
|
MGE Energy, Inc.(b)
|
|
1,053
|
89,442
|
|
Middlesex Water Co.
|
|
514
|
26,522
|
|
National Fuel Gas Co.
|
|
2,600
|
225,654
|
|
New Jersey Resources Corp.(b)
|
|
2,888
|
132,588
|
|
NextEra Energy, Inc.
|
|
59,228
|
4,208,742
|
|
NiSource, Inc.
|
|
13,540
|
574,773
|
|
Northwest Natural Holding Co.
|
|
1,161
|
46,347
|
|
NorthWestern Energy Group, Inc.
|
|
1,765
|
94,780
|
|
OGE Energy Corp.
|
|
5,792
|
263,073
|
|
ONE Gas, Inc.(b)
|
|
1,723
|
125,262
|
|
Otter Tail Corp.(b)
|
|
1,206
|
93,079
|
|
Pinnacle West Capital Corp.
|
|
3,433
|
311,098
|
|
Portland General Electric Co.
|
|
3,150
|
129,528
|
|
Public Service Enterprise Group, Inc.
|
|
14,357
|
1,289,115
|
|
Sempra
|
|
18,763
|
1,532,562
|
|
Southern Co. (The)
|
|
31,621
|
2,987,552
|
|
Spire, Inc.
|
|
1,697
|
126,376
|
|
TXNM Energy, Inc.
|
|
2,667
|
151,459
|
|
UGI Corp.(b)
|
|
6,168
|
223,158
|
|
Unitil Corp.
|
|
466
|
24,036
|
|
WEC Energy Group, Inc.
|
|
9,180
|
1,001,354
|
|
Xcel Energy, Inc.
|
|
16,591
|
1,218,443
|
|
York Water Co. (The)
|
|
413
|
12,497
|
|
|
|
|
29,415,739
|
|
Total Common Stocks & Other Equity Interests
(Cost $509,934,876)
|
705,547,762
|
||
|
Money Market Funds-0.12%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $868,779)
|
|
868,779
|
868,779
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.01%
(Cost $510,803,655)
|
706,416,541
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.23%
|
|||
|
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
2,399,402
|
2,399,402
|
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
6,249,624
|
6,250,874
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $8,650,276)
|
8,650,276
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.24%
(Cost $519,453,931)
|
715,066,817
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.24)%
|
(8,742,994
)
|
||
|
NET ASSETS-100.00%
|
$706,323,823
|
||
|
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)
|
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
|
$766,849
|
$4,160,577
|
$(4,058,647
)
|
$-
|
$-
|
$868,779
|
$7,991
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
3,748,139
|
10,399,582
|
(11,748,319
)
|
-
|
-
|
2,399,402
|
32,338
*
|
|
Invesco Private Prime Fund
|
9,743,106
|
19,042,045
|
(22,534,230
)
|
451
|
(498
)
|
6,250,874
|
88,083
*
|
|
Total
|
$14,258,094
|
$33,602,204
|
$(38,341,196
)
|
$451
|
$(498
)
|
$9,519,055
|
$128,412
|
|
*
|
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-99.71%
|
|||
|
Communication Services-12.64%
|
|||
|
Verizon Communications, Inc.
|
|
902,364
|
$38,585,085
|
|
Walt Disney Co. (The)
|
|
55,517
|
6,612,630
|
|
|
|
|
45,197,715
|
|
Consumer Discretionary-11.93%
|
|||
|
Home Depot, Inc. (The)
|
|
41,284
|
15,172,283
|
|
McDonald’s Corp.
|
|
47,885
|
14,368,852
|
|
NIKE, Inc., Class B
|
|
175,767
|
13,128,037
|
|
|
|
|
42,669,172
|
|
Consumer Staples-10.46%
|
|||
|
Coca-Cola Co. (The)
|
|
259,003
|
17,583,714
|
|
Procter & Gamble Co. (The)
|
|
86,213
|
12,972,470
|
|
Walmart, Inc.
|
|
69,840
|
6,842,923
|
|
|
|
|
37,399,107
|
|
Energy-7.28%
|
|||
|
Chevron Corp.
|
|
171,720
|
26,039,621
|
|
Financials-14.57%
|
|||
|
American Express Co.
|
|
21,897
|
6,553,991
|
|
Goldman Sachs Group, Inc. (The)
|
|
22,270
|
16,114,349
|
|
JPMorgan Chase & Co.
|
|
50,821
|
15,055,213
|
|
Travelers Cos., Inc. (The)
|
|
38,943
|
10,134,526
|
|
Visa, Inc., Class A
|
|
12,254
|
4,233,390
|
|
|
|
|
52,091,469
|
|
Health Care-17.05%
|
|||
|
Amgen, Inc.
|
|
61,594
|
18,176,389
|
|
Johnson & Johnson
|
|
115,435
|
19,016,762
|
|
Merck & Co., Inc.
|
|
232,225
|
18,141,417
|
|
UnitedHealth Group, Inc.
|
|
22,636
|
5,649,040
|
|
|
|
|
60,983,608
|
|
|
Shares
|
Value
|
|
|
Industrials-10.90%
|
|||
|
3M Co.
|
|
78,253
|
$11,676,913
|
|
Caterpillar, Inc.
|
|
30,191
|
13,224,262
|
|
Honeywell International, Inc.
|
|
63,376
|
14,091,653
|
|
|
|
|
38,992,828
|
|
Information Technology-13.41%
|
|||
|
Apple, Inc.
|
|
12,102
|
2,512,012
|
|
Cisco Systems, Inc.
|
|
264,383
|
17,999,195
|
|
International Business Machines Corp.
|
|
66,626
|
16,866,372
|
|
Microsoft Corp.
|
|
13,458
|
7,179,843
|
|
NVIDIA Corp.
|
|
1,632
|
290,284
|
|
Salesforce, Inc.
|
|
11,986
|
3,096,343
|
|
|
|
|
47,944,049
|
|
Materials-1.47%
|
|||
|
Sherwin-Williams Co. (The)
|
|
15,914
|
5,265,624
|
|
Total Common Stocks & Other Equity Interests
(Cost $322,490,120)
|
356,583,193
|
||
|
Money Market Funds-0.08%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(b)(c)
(Cost $277,035)
|
|
277,035
|
277,035
|
|
TOTAL INVESTMENTS IN SECURITIES-99.79%
(Cost $322,767,155)
|
356,860,228
|
||
|
OTHER ASSETS LESS LIABILITIES-0.21%
|
743,068
|
||
|
NET ASSETS-100.00%
|
$357,603,296
|
||
|
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)
|
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
|
$385,164
|
$2,936,327
|
$(3,044,456
)
|
$-
|
$-
|
$277,035
|
$3,524
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
-
|
11,677,480
|
(11,677,480
)
|
-
|
-
|
-
|
1,573
*
|
|
Invesco Private Prime Fund
|
-
|
30,025,986
|
(30,025,986
)
|
-
|
-
|
-
|
4,176
*
|
|
Total
|
$385,164
|
$44,639,793
|
$(44,747,922
)
|
$-
|
$-
|
$277,035
|
$9,273
|
|
*
|
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.
|
|
(c)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
|
Shares
|
Value
|
|
|
Preferred Stocks-100.06%
|
|||
|
Banks-52.61%
|
|||
|
Bank of America Corp.
|
|
|
|
|
Series PP, Pfd., 4.13%(b)
|
|
422,691
|
$7,118,116
|
|
Series QQ, Pfd., 4.25%(b)
|
|
600,854
|
10,599,065
|
|
Series NN, Pfd., 4.38%
|
|
497,889
|
8,867,403
|
|
Series SS, Pfd., 4.75%(b)
|
|
317,061
|
6,204,884
|
|
Series LL, Pfd., 5.00%(b)
|
|
602,800
|
12,327,260
|
|
Series KK, Pfd., 5.38%(b)
|
|
640,142
|
14,038,314
|
|
Series HH, Pfd., 5.88%(b)
|
|
394,298
|
9,672,130
|
|
Series GG, Pfd., 6.00%(b)
|
|
625,469
|
15,774,328
|
|
Bank OZK, Series A, Pfd., 4.63%(b)
|
|
229,630
|
4,030,007
|
|
Citizens Financial Group, Inc.
|
|
|
|
|
Series E, Pfd., 5.00%(b)
|
|
295,238
|
5,919,522
|
|
Pfd., 7.38%(b)
|
|
262,435
|
6,946,654
|
|
Fifth Third Bancorp, Series K, Pfd., 4.95%(b)
|
|
162,086
|
3,279,000
|
|
First Citizens BancShares, Inc., Series A, Pfd.,
5.38%(b)
|
|
226,349
|
4,821,234
|
|
Flagstar Financial, Inc., Series A, Pfd.,
6.38%(b)(c)
|
|
337,884
|
7,051,639
|
|
Huntington Bancshares, Inc.
|
|
|
|
|
Series H, Pfd., 4.50%(b)
|
|
328,043
|
5,875,250
|
|
Series J, Pfd., 6.88%(c)
|
|
213,228
|
5,462,901
|
|
JPMorgan Chase & Co.
|
|
|
|
|
Series MM, Pfd., 4.20%(b)
|
|
926,487
|
16,917,653
|
|
Series JJ, Pfd., 4.55%(b)
|
|
693,092
|
13,411,330
|
|
Series LL, Pfd., 4.63%(b)
|
|
856,999
|
16,891,450
|
|
Series GG, Pfd., 4.75%(b)
|
|
415,802
|
8,465,729
|
|
Series DD, Pfd., 5.75%(b)
|
|
785,776
|
19,691,547
|
|
Series EE, Pfd., 6.00%(b)
|
|
856,999
|
21,853,473
|
|
KeyCorp
|
|
|
|
|
Series G, Pfd., 5.63%(b)
|
|
295,238
|
6,530,665
|
|
Series F, Pfd., 5.65%
|
|
278,837
|
6,165,086
|
|
Series E, Pfd., 6.13%(c)
|
|
328,043
|
8,187,953
|
|
Pfd., 6.20%(b)(c)
|
|
393,651
|
9,809,783
|
|
M&T Bank Corp.
|
|
|
|
|
Series H, Pfd., 5.63%(c)
|
|
164,021
|
4,115,287
|
|
Series J, Pfd., 7.50%(b)
|
|
492,064
|
13,300,490
|
|
Regions Financial Corp.
|
|
|
|
|
Series E, Pfd., 4.45%
|
|
262,435
|
4,744,825
|
|
Series C, Pfd., 5.70%(b)(c)
|
|
328,043
|
8,158,429
|
|
Pfd., 6.95%(b)(c)
|
|
328,043
|
8,371,657
|
|
Texas Capital Bancshares, Inc., Series B, Pfd.,
5.75%
|
|
196,825
|
4,050,658
|
|
Truist Financial Corp.
|
|
|
|
|
Series R, Pfd., 4.75%(b)
|
|
606,879
|
11,755,246
|
|
Series O, Pfd., 5.25%(b)
|
|
377,249
|
8,190,076
|
|
U.S. Bancorp
|
|
|
|
|
Series L, Pfd., 3.75%(b)
|
|
328,043
|
5,084,666
|
|
Series M, Pfd., 4.00%(b)
|
|
492,064
|
8,094,453
|
|
Series O, Pfd., 4.50%(b)
|
|
295,238
|
5,600,665
|
|
Series K, Pfd., 5.50%(b)
|
|
377,249
|
8,725,769
|
|
UMB Financial Corp., Pfd., 7.75%(c)
|
|
195,644
|
5,125,873
|
|
WaFd, Inc., Series A, Pfd., 4.88%
|
|
194,582
|
3,193,091
|
|
Wells Fargo & Co.
|
|
|
|
|
Series DD, Pfd., 4.25%
|
|
577,608
|
10,160,125
|
|
Series CC, Pfd., 4.38%(b)
|
|
485,039
|
8,706,450
|
|
Series AA, Pfd., 4.70%(b)
|
|
540,605
|
10,330,962
|
|
Series Z, Pfd., 4.75%
|
|
932,277
|
17,974,301
|
|
Series Y, Pfd., 5.63%(b)
|
|
318,667
|
7,622,515
|
|
Western Alliance Bancorporation, Series A,
Pfd., 4.25%(c)
|
|
196,825
|
4,397,070
|
|
|
|
|
413,614,984
|
|
|
Shares
|
Value
|
|
|
Capital Markets-16.06%
|
|||
|
Bank of New York Mellon Corp. (The),
Series K, Pfd., 6.15%(b)(c)
|
|
328,043
|
$8,470,070
|
|
Charles Schwab Corp. (The)
|
|
|
|
|
Series J, Pfd., 4.45%(b)
|
|
393,651
|
7,672,258
|
|
Series D, Pfd., 5.95%(b)
|
|
492,064
|
12,296,679
|
|
Morgan Stanley
|
|
|
|
|
Series O, Pfd., 4.25%(b)
|
|
602,175
|
10,483,867
|
|
Series L, Pfd., 4.88%
|
|
231,052
|
4,632,593
|
|
Series K, Pfd., 5.85%(b)
|
|
463,182
|
11,032,995
|
|
Series I, Pfd., 6.38%(b)
|
|
463,353
|
11,551,390
|
|
Series P, Pfd., 6.50%(b)
|
|
463,229
|
11,858,662
|
|
Series Q, Pfd., 6.63%(b)
|
|
463,214
|
11,932,393
|
|
Series F, Pfd., 6.88%
|
|
392,834
|
9,919,059
|
|
Series E, Pfd., 7.13%(b)
|
|
398,541
|
10,134,898
|
|
Northern Trust Corp., Series E, Pfd.,
4.70%(b)
|
|
262,435
|
5,301,187
|
|
State Street Corp., Series G, Pfd., 5.35%
(TSFR3M + 3.97%)
|
|
328,043
|
7,394,089
|
|
Stifel Financial Corp., Series D, Pfd.,
4.50%(b)
|
|
196,825
|
3,550,723
|
|
|
|
|
126,230,863
|
|
Consumer Finance-6.80%
|
|||
|
Capital One Financial Corp.
|
|
|
|
|
Series N, Pfd., 4.25%(b)
|
|
208,533
|
3,565,914
|
|
Series L, Pfd., 4.38%
|
|
331,199
|
5,752,927
|
|
Series J, Pfd., 4.80%(b)
|
|
613,336
|
11,487,783
|
|
Series I, Pfd., 5.00%
|
|
736,002
|
14,477,159
|
|
Synchrony Financial
|
|
|
|
|
Series A, Pfd., 5.63%
|
|
492,064
|
9,698,582
|
|
Series B, Pfd., 8.25%(b)(c)
|
|
328,043
|
8,509,435
|
|
|
|
|
53,491,800
|
|
Financial Services-3.62%
|
|||
|
Equitable Holdings, Inc.
|
|
|
|
|
Series C, Pfd., 4.30%
|
|
194,582
|
3,276,761
|
|
Series A, Pfd., 5.25%(b)
|
|
524,868
|
10,854,270
|
|
Jackson Financial, Inc., Pfd., 8.00%(c)
|
|
360,847
|
9,446,975
|
|
Voya Financial, Inc., Series B, Pfd.,
5.35%(b)(c)
|
|
196,825
|
4,851,736
|
|
|
|
|
28,429,742
|
|
Insurance-20.97%
|
|||
|
Allstate Corp. (The)
|
|
|
|
|
Series I, Pfd., 4.75%
|
|
196,825
|
3,881,389
|
|
Series H, Pfd., 5.10%(b)
|
|
754,497
|
16,319,770
|
|
Series J, Pfd., 7.38%
|
|
393,651
|
10,597,085
|
|
American National Group, Inc.
|
|
|
|
|
Series B, Pfd., 6.63%(c)
|
|
196,825
|
4,979,672
|
|
Pfd., 7.38%(b)
|
|
196,825
|
4,979,672
|
|
Arch Capital Group Ltd.
|
|
|
|
|
Series G, Pfd., 4.55%(b)
|
|
328,043
|
5,707,948
|
|
Series F, Pfd., 5.45%(b)
|
|
216,508
|
4,486,046
|
|
Aspen Insurance Holdings Ltd.
|
|
|
|
|
Pfd., 5.63% (Bermuda)(b)
|
|
162,086
|
3,330,867
|
|
Pfd., 5.63% (Bermuda)(b)
|
|
162,086
|
3,298,450
|
|
Athene Holding Ltd.
|
|
|
|
|
Series D, Pfd., 4.88%
|
|
374,857
|
6,436,295
|
|
Series B, Pfd., 5.63%(b)
|
|
224,912
|
4,504,987
|
|
Series A, Pfd., 6.35%(b)(c)
|
|
562,245
|
13,994,278
|
|
Series E, Pfd., 7.75%(c)
|
|
326,088
|
8,563,071
|
|
AXIS Capital Holdings Ltd., Series E, Pfd.,
5.50%(b)
|
|
360,847
|
7,422,623
|
|
|
Shares
|
Value
|
|
|
Insurance-(continued)
|
|||
|
Brighthouse Financial, Inc.
|
|
|
|
|
Series D, Pfd., 4.63%(b)
|
|
226,980
|
$2,701,062
|
|
Series C, Pfd., 5.38%
|
|
377,249
|
5,070,227
|
|
Series A, Pfd., 6.60%(b)
|
|
278,837
|
4,611,964
|
|
Series B, Pfd., 6.75%(b)
|
|
264,074
|
4,410,036
|
|
Hartford Insurance Group, Inc. (The),
Series G, Pfd., 6.00%(b)
|
|
226,349
|
5,694,941
|
|
Lincoln National Corp., Series D, Pfd., 9.00%
|
|
328,043
|
8,965,415
|
|
MetLife, Inc.
|
|
|
|
|
Series F, Pfd., 4.75%(b)
|
|
656,084
|
13,285,701
|
|
Series E, Pfd., 5.63%(b)
|
|
528,148
|
12,728,367
|
|
RenaissanceRe Holdings Ltd.
|
|
|
|
|
Series G, Pfd., 4.20% (Bermuda)
|
|
328,043
|
5,284,773
|
|
Series F, Pfd., 5.75% (Bermuda)(b)
|
|
164,021
|
3,616,663
|
|
|
|
|
164,871,302
|
|
Total Preferred Stocks
(Cost $897,796,238)
|
786,638,691
|
||
|
|
|||
|
Money Market Funds-0.06%
|
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(d)(e)
(Cost $479,205)
|
|
479,205
|
479,205
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.12%
(Cost $898,275,443)
|
787,117,896
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-5.74%
|
|||
|
Invesco Private Government Fund,
4.32%(d)(e)(f)
|
|
12,511,519
|
$12,511,519
|
|
Invesco Private Prime Fund, 4.46%(d)(e)(f)
|
|
32,567,927
|
32,574,441
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $45,085,960)
|
45,085,960
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.86%
(Cost $943,361,403)
|
832,203,856
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.86)%
|
(46,043,940
)
|
||
|
NET ASSETS-100.00%
|
$786,159,916
|
||
|
Investment Abbreviations:
|
|
|
Pfd.
|
-Preferred
|
|
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)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(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
|
$-
|
$16,906,043
|
$(16,426,838
)
|
$-
|
$-
|
$479,205
|
$9,088
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
17,074,247
|
17,488,383
|
(22,051,111
)
|
-
|
-
|
12,511,519
|
197,072
*
|
|
Invesco Private Prime Fund
|
44,360,035
|
39,640,649
|
(51,426,435
)
|
3,420
|
(3,228
)
|
32,574,441
|
528,268
*
|
|
Total
|
$61,434,282
|
$74,035,075
|
$(89,904,384
)
|
$3,420
|
$(3,228
)
|
$45,565,165
|
$734,428
|
|
*
|
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%
|
|||
|
Air Freight & Logistics-2.31%
|
|||
|
United Parcel Service, Inc., Class B
|
|
294,887
|
$25,407,464
|
|
Banks-14.06%
|
|||
|
Associated Banc-Corp
|
|
718,559
|
17,777,150
|
|
Atlantic Union Bankshares Corp., Class B
|
|
637,314
|
20,202,854
|
|
Regions Financial Corp.
|
|
924,062
|
23,406,491
|
|
Simmons First National Corp., Class A
|
|
1,026,055
|
19,669,474
|
|
U.S. Bancorp
|
|
448,896
|
20,182,364
|
|
United Bankshares, Inc.(b)
|
|
485,680
|
17,251,354
|
|
WaFd, Inc.(b)
|
|
562,507
|
16,371,766
|
|
WesBanco, Inc.
|
|
660,526
|
19,901,648
|
|
|
|
|
154,763,101
|
|
Capital Markets-7.08%
|
|||
|
Franklin Resources, Inc.(b)
|
|
1,154,274
|
27,702,576
|
|
Main Street Capital Corp.(b)
|
|
392,536
|
25,397,079
|
|
T. Rowe Price Group, Inc.
|
|
244,412
|
24,795,598
|
|
|
|
|
77,895,253
|
|
Chemicals-3.79%
|
|||
|
LyondellBasell Industries N.V., Class A
|
|
720,400
|
41,732,772
|
|
Consumer Staples Distribution & Retail-1.99%
|
|||
|
Target Corp.
|
|
217,458
|
21,854,529
|
|
Containers & Packaging-1.77%
|
|||
|
Sonoco Products Co.
|
|
431,940
|
19,467,536
|
|
Diversified Telecommunication Services-5.72%
|
|||
|
Cogent Communications Holdings, Inc.(b)
|
|
820,156
|
37,390,912
|
|
Verizon Communications, Inc.
|
|
598,878
|
25,608,023
|
|
|
|
|
62,998,935
|
|
Electric Utilities-8.85%
|
|||
|
Edison International
|
|
444,961
|
23,191,367
|
|
Evergy, Inc.
|
|
257,057
|
18,199,636
|
|
Eversource Energy
|
|
299,497
|
19,796,752
|
|
Pinnacle West Capital Corp.
|
|
183,598
|
16,637,651
|
|
Portland General Electric Co.
|
|
476,836
|
19,607,496
|
|
|
|
|
97,432,902
|
|
Food Products-6.66%
|
|||
|
Archer-Daniels-Midland Co.
|
|
371,600
|
20,133,288
|
|
Flowers Foods, Inc.
|
|
1,440,681
|
22,834,794
|
|
Hormel Foods Corp.
|
|
521,400
|
14,646,126
|
|
J.M. Smucker Co. (The)
|
|
146,021
|
15,673,894
|
|
|
|
|
73,288,102
|
|
Gas Utilities-5.02%
|
|||
|
Northwest Natural Holding Co.
|
|
499,857
|
19,954,291
|
|
Spire, Inc.
|
|
232,939
|
17,346,967
|
|
UGI Corp.(b)
|
|
494,442
|
17,888,912
|
|
|
|
|
55,190,170
|
|
Independent Power and Renewable Electricity Producers-3.51%
|
|||
|
AES Corp. (The)
|
|
2,936,155
|
38,610,438
|
|
Insurance-1.98%
|
|||
|
Prudential Financial, Inc.
|
|
210,480
|
21,801,518
|
|
Leisure Products-3.55%
|
|||
|
Polaris, Inc.(b)
|
|
738,944
|
39,097,527
|
|
Machinery-3.60%
|
|||
|
Stanley Black & Decker, Inc.
|
|
327,678
|
22,167,417
|
|
Trinity Industries, Inc.
|
|
750,434
|
17,485,112
|
|
|
|
|
39,652,529
|
|
|
Shares
|
Value
|
|
|
Media-3.17%
|
|||
|
John Wiley & Sons, Inc., Class A(b)
|
|
394,899
|
$15,243,101
|
|
Nexstar Media Group, Inc., Class A(b)
|
|
104,773
|
19,604,076
|
|
|
|
|
34,847,177
|
|
Multi-Utilities-5.42%
|
|||
|
Avista Corp.
|
|
557,805
|
20,806,127
|
|
Black Hills Corp.
|
|
332,491
|
19,211,330
|
|
NorthWestern Energy Group, Inc.
|
|
365,422
|
19,623,161
|
|
|
|
|
59,640,618
|
|
Oil, Gas & Consumable Fuels-3.85%
|
|||
|
Chevron Corp.
|
|
153,377
|
23,258,088
|
|
Phillips 66
|
|
154,767
|
19,126,106
|
|
|
|
|
42,384,194
|
|
Pharmaceuticals-6.20%
|
|||
|
Bristol-Myers Squibb Co.
|
|
448,664
|
19,431,638
|
|
Perrigo Co. PLC
|
|
677,037
|
18,056,577
|
|
Pfizer, Inc.
|
|
1,321,567
|
30,779,295
|
|
|
|
|
68,267,510
|
|
Professional Services-1.54%
|
|||
|
Robert Half, Inc.(b)
|
|
457,896
|
16,900,941
|
|
Semiconductors & Semiconductor Equipment-1.57%
|
|||
|
Skyworks Solutions, Inc.
|
|
251,857
|
17,262,279
|
|
Specialty Retail-2.18%
|
|||
|
Best Buy Co., Inc.
|
|
368,201
|
23,955,157
|
|
Technology Hardware, Storage & Peripherals-1.76%
|
|||
|
HP, Inc.
|
|
781,175
|
19,373,140
|
|
Tobacco-4.26%
|
|||
|
Altria Group, Inc.
|
|
471,795
|
29,222,983
|
|
Universal Corp.
|
|
324,775
|
17,690,494
|
|
|
|
|
46,913,477
|
|
Total Common Stocks & Other Equity Interests
(Cost $1,107,333,828)
|
1,098,737,269
|
||
|
|
|||
|
Money Market Funds-0.10%
|
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $1,061,117)
|
|
1,061,117
|
1,061,117
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $1,108,394,945)
|
1,099,798,386
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-6.78%
|
|||
|
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
20,692,012
|
20,692,012
|
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
53,947,834
|
53,958,624
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $74,650,636)
|
74,650,636
|
||
|
TOTAL INVESTMENTS IN SECURITIES-106.72%
(Cost $1,183,045,581)
|
1,174,449,022
|
||
|
OTHER ASSETS LESS LIABILITIES-(6.72)%
|
(73,982,473
)
|
||
|
NET ASSETS-100.00%
|
$1,100,466,549
|
||
|
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
|
$1,989,509
|
$15,090,035
|
$(16,018,427
)
|
$-
|
$-
|
$1,061,117
|
$22,979
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
36,131,321
|
56,337,477
|
(71,776,786
)
|
-
|
-
|
20,692,012
|
243,583
*
|
|
Invesco Private Prime Fund
|
94,124,754
|
151,478,765
|
(191,644,018
)
|
5,728
|
(6,605
)
|
53,958,624
|
654,091
*
|
|
Total
|
$132,245,584
|
$222,906,277
|
$(279,439,231
)
|
$5,728
|
$(6,605
)
|
$75,711,753
|
$920,653
|
|
*
|
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-99.89%
|
|||
|
Canada-56.08%
|
|||
|
BCE, Inc.
|
|
1,529,052
|
$35,672,783
|
|
Brookfield Infrastructure Partners L.P.
|
|
843,572
|
26,319,447
|
|
Brookfield Renewable Partners L.P.
|
|
1,398,733
|
38,535,094
|
|
Canadian Imperial Bank of Commerce
|
|
320,701
|
22,910,880
|
|
Canadian National Railway Co.
|
|
123,008
|
11,495,098
|
|
Canadian Natural Resources Ltd.
|
|
944,019
|
29,925,402
|
|
Enbridge, Inc.
|
|
680,787
|
30,832,843
|
|
FirstService Corp.
|
|
18,420
|
3,632,792
|
|
Fortis, Inc.
|
|
403,973
|
19,782,558
|
|
Franco-Nevada Corp.
|
|
28,304
|
4,509,676
|
|
Imperial Oil Ltd.(a)
|
|
196,442
|
16,397,014
|
|
Magna International, Inc.(a)
|
|
807,612
|
33,112,092
|
|
Nutrien Ltd.
|
|
343,151
|
20,355,717
|
|
Open Text Corp.
|
|
714,980
|
21,041,861
|
|
RB Global, Inc.
|
|
57,798
|
6,257,212
|
|
Restaurant Brands International, Inc.
|
|
255,606
|
17,345,423
|
|
Royal Bank of Canada
|
|
142,800
|
18,344,088
|
|
Stantec, Inc.
|
|
31,939
|
3,492,849
|
|
TC Energy Corp.
|
|
528,539
|
25,306,447
|
|
TELUS Corp.(a)
|
|
2,033,708
|
32,742,699
|
|
TFI International, Inc.
|
|
126,836
|
11,056,294
|
|
Thomson Reuters Corp.
|
|
31,773
|
6,383,514
|
|
Toronto-Dominion Bank (The)
|
|
344,774
|
25,127,129
|
|
TransAlta Corp.(a)
|
|
1,021,983
|
12,314,895
|
|
|
|
|
472,893,807
|
|
Denmark-1.00%
|
|||
|
Novo Nordisk A/S, ADR
|
|
179,247
|
8,437,156
|
|
Germany-0.54%
|
|||
|
SAP SE, ADR(a)
|
|
15,810
|
4,532,727
|
|
India-1.90%
|
|||
|
Infosys Ltd., ADR(a)
|
|
845,238
|
14,132,380
|
|
Reliance Industries Ltd., GDR(a)(b)
|
|
30,356
|
1,910,812
|
|
|
|
|
16,043,192
|
|
Indonesia-4.06%
|
|||
|
PT Telkom Indonesia (Persero) Tbk, ADR(a)
|
|
1,943,497
|
34,205,547
|
|
Japan-3.35%
|
|||
|
Mitsubishi UFJ Financial Group, Inc., ADR(a)
|
|
811,448
|
11,279,127
|
|
Sony Group Corp., ADR(a)
|
|
108,288
|
2,633,564
|
|
Sumitomo Mitsui Financial Group, Inc., ADR
|
|
949,706
|
14,378,549
|
|
|
|
|
28,291,240
|
|
Mexico-4.09%
|
|||
|
America Movil S.A.B. de C.V., ADR
|
|
978,698
|
17,685,073
|
|
Coca-Cola FEMSA S.A.B. de C.V., ADR
|
|
202,002
|
16,774,246
|
|
|
|
|
34,459,319
|
|
Philippines-4.07%
|
|||
|
PLDT, Inc., ADR(a)
|
|
1,486,803
|
34,315,413
|
|
|
Shares
|
Value
|
|
|
Switzerland-1.22%
|
|||
|
Logitech International S.A., Class R(a)
|
|
110,614
|
$10,273,828
|
|
United Kingdom-11.81%
|
|||
|
British American Tobacco PLC, ADR
|
|
737,424
|
39,584,920
|
|
Diageo PLC, ADR(a)
|
|
192,342
|
18,839,899
|
|
National Grid PLC, ADR(a)
|
|
333,632
|
23,484,357
|
|
Pearson PLC, ADR(a)
|
|
689,583
|
9,812,766
|
|
RELX PLC, ADR
|
|
151,603
|
7,866,680
|
|
|
|
|
99,588,622
|
|
United States-11.77%
|
|||
|
Amcor PLC
|
|
3,385,862
|
31,657,810
|
|
Amdocs Ltd.
|
|
128,819
|
10,995,990
|
|
Novartis AG, ADR
|
|
164,618
|
18,723,651
|
|
Pentair PLC
|
|
53,711
|
5,489,264
|
|
Sanofi S.A., ADR
|
|
502,079
|
22,914,886
|
|
Waste Connections, Inc.
|
|
17,500
|
3,266,725
|
|
Willis Towers Watson PLC
|
|
19,621
|
6,196,508
|
|
|
|
|
99,244,834
|
|
Total Common Stocks & Other Equity Interests
(Cost $768,624,707)
|
842,285,685
|
||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 4.25%(c)(d)
(Cost $428,556)
|
|
428,556
|
428,556
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.94%
(Cost $769,053,263)
|
842,714,241
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-11.88%
|
|||
|
Invesco Private Government Fund,
4.32%(c)(d)(e)
|
|
27,763,271
|
27,763,271
|
|
Invesco Private Prime Fund, 4.46%(c)(d)(e)
|
|
72,405,526
|
72,420,007
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $100,183,278)
|
100,183,278
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.82%
(Cost $869,236,541)
|
942,897,519
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.82)%
|
(99,649,033
)
|
||
|
NET ASSETS-100.00%
|
$843,248,486
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
GDR-Global Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
All or a portion of this security was out on loan at July 31, 2025.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The value of this security at July 31, 2025
represented less than 1% of the Fund’s Net Assets.
|
|
(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
|
$216,653
|
$7,717,767
|
$(7,505,864
)
|
$-
|
$-
|
$428,556
|
$9,037
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
40,329,050
|
157,458,056
|
(170,023,835
)
|
-
|
-
|
27,763,271
|
401,191
*
|
|
Invesco Private Prime Fund
|
104,904,546
|
273,455,786
|
(305,940,779
)
|
6,633
|
(6,179
)
|
72,420,007
|
1,094,545
*
|
|
Total
|
$145,450,249
|
$438,631,609
|
$(483,470,478
)
|
$6,633
|
$(6,179
)
|
$100,611,834
|
$1,504,773
|
|
*
|
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.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco BuyBack AchieversTM ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$1,369,875,109
|
$-
|
$-
|
$1,369,875,109
|
|
Closed-End Fund
|
494,563
|
-
|
-
|
494,563
|
|
Money Market Funds
|
1,447,961
|
46,404,444
|
-
|
47,852,405
|
|
Total Investments
|
$1,371,817,633
|
$46,404,444
|
$-
|
$1,418,222,077
|
|
Invesco Dividend AchieversTM ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$705,547,762
|
$-
|
$-
|
$705,547,762
|
|
Money Market Funds
|
868,779
|
8,650,276
|
-
|
9,519,055
|
|
Total Investments
|
$706,416,541
|
$8,650,276
|
$-
|
$715,066,817
|
|
Invesco Financial Preferred ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Preferred Stocks
|
$786,638,691
|
$-
|
$-
|
$786,638,691
|
|
Money Market Funds
|
479,205
|
45,085,960
|
-
|
45,565,165
|
|
Total Investments
|
$787,117,896
|
$45,085,960
|
$-
|
$832,203,856
|
|
Invesco High Yield Equity Dividend AchieversTM ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$1,098,737,269
|
$-
|
$-
|
$1,098,737,269
|
|
Money Market Funds
|
1,061,117
|
74,650,636
|
-
|
75,711,753
|
|
Total Investments
|
$1,099,798,386
|
$74,650,636
|
$-
|
$1,174,449,022
|