|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests–99.98%
|
|||
|
Argentina–0.17%
|
|||
|
Ciro Holding S.A.(a)
|
82,096,033,118
|
$15,023,574
|
|
|
Brazil–0.58%
|
|||
|
MercadoLibre, Inc.(b)(c)
|
24,212
|
52,002,291
|
|
|
Canada–2.02%
|
|||
|
Shopify, Inc., Class A(b)
|
1,387,135
|
182,033,726
|
|
|
China–2.19%
|
|||
|
JD.com, Inc., ADR(c)
|
3,752,169
|
106,861,773
|
|
|
Tencent Holdings Ltd.
|
1,181,700
|
90,827,589
|
|
|
|
|
|
197,689,362
|
|
Czech Republic–0.24%
|
|||
|
CSG N.V.(b)
|
596,087
|
21,589,291
|
|
|
France–5.47%
|
|||
|
Airbus SE
|
1,129,657
|
258,634,665
|
|
|
EssilorLuxottica S.A.
|
252,932
|
77,320,260
|
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
244,608
|
157,871,048
|
|
|
|
|
|
493,825,973
|
|
Germany–2.09%
|
|||
|
Allianz SE
|
178,922
|
78,783,223
|
|
|
SAP SE
|
550,574
|
109,987,270
|
|
|
|
|
|
188,770,493
|
|
India–4.00%
|
|||
|
DLF Ltd.
|
33,532,900
|
232,186,753
|
|
|
HDFC Bank Ltd.
|
5,136,271
|
51,934,225
|
|
|
ICICI Bank Ltd., ADR
|
2,624,068
|
76,858,952
|
|
|
|
|
|
360,979,930
|
|
Italy–1.02%
|
|||
|
Brunello Cucinelli S.p.A.(c)
|
768,461
|
73,652,553
|
|
|
Moncler S.p.A.
|
311,299
|
18,137,423
|
|
|
|
|
|
91,789,976
|
|
Japan–2.07%
|
|||
|
Capcom Co. Ltd.
|
2,613,000
|
66,602,512
|
|
|
Hoya Corp.
|
343,400
|
57,607,348
|
|
|
Keyence Corp.
|
114,112
|
41,863,170
|
|
|
Nintendo Co. Ltd.
|
332,000
|
20,559,268
|
|
|
|
|
|
186,632,298
|
|
Netherlands–2.53%
|
|||
|
Adyen N.V.(b)(d)
|
74,849
|
110,989,372
|
|
|
ASML Holding N.V.
|
29,159
|
41,811,242
|
|
|
BE Semiconductor Industries N.V.
|
284,760
|
55,426,629
|
|
|
Universal Music Group N.V.
|
836,649
|
20,512,574
|
|
|
|
|
|
228,739,817
|
|
Spain–0.47%
|
|||
|
Amadeus IT Group S.A.
|
637,368
|
42,733,382
|
|
|
Sweden–2.00%
|
|||
|
Assa Abloy AB, Class B
|
1,486,702
|
60,113,207
|
|
|
|
Shares
|
Value
|
|
|
Sweden–(continued)
|
|||
|
Atlas Copco AB, Class A
|
2,768,355
|
$57,089,531
|
|
|
Spotify Technology S.A.(b)
|
127,055
|
63,571,969
|
|
|
|
|
|
180,774,707
|
|
Switzerland–2.02%
|
|||
|
Galderma Group AG, Class A
|
344,283
|
64,173,988
|
|
|
Lonza Group AG
|
173,906
|
118,160,438
|
|
|
|
|
|
182,334,426
|
|
Taiwan–5.64%
|
|||
|
Taiwan Semiconductor Manufacturing
Co. Ltd.
|
9,199,000
|
508,667,014
|
|
|
United States–67.47%
|
|||
|
Alphabet, Inc., Class A
|
3,134,867
|
1,059,585,046
|
|
|
Amazon.com, Inc.(b)
|
1,086,055
|
259,892,961
|
|
|
Analog Devices, Inc.
|
837,009
|
260,209,358
|
|
|
ARM Holdings PLC, ADR(b)(c)
|
510,346
|
53,770,055
|
|
|
Berkshire Hathaway, Inc., Class A(b)
|
24
|
17,340,000
|
|
|
Boston Scientific Corp.(b)
|
1,342,893
|
125,600,782
|
|
|
Broadcom, Inc.
|
844,146
|
279,665,570
|
|
|
Cadence Design Systems, Inc.(b)
|
149,703
|
44,365,981
|
|
|
Ecolab, Inc.
|
203,676
|
57,434,595
|
|
|
Eli Lilly and Co.
|
277,285
|
287,586,138
|
|
|
Equifax, Inc.
|
308,458
|
62,123,441
|
|
|
IDEXX Laboratories, Inc.(b)
|
71,597
|
48,002,925
|
|
|
Intuit, Inc.
|
405,952
|
202,537,572
|
|
|
Intuitive Surgical, Inc.(b)
|
261,302
|
131,753,694
|
|
|
IQVIA Holdings, Inc.(b)(c)
|
177,736
|
40,905,940
|
|
|
Lam Research Corp.
|
1,897,907
|
443,085,368
|
|
|
Las Vegas Sands Corp.
|
439,961
|
23,199,144
|
|
|
Linde PLC
|
63,721
|
29,118,585
|
|
|
Marriott International, Inc., Class A(c)
|
338,455
|
106,714,862
|
|
|
Marvell Technology, Inc.(c)
|
1,151,845
|
90,903,607
|
|
|
Mastercard, Inc., Class A
|
155,368
|
83,710,725
|
|
|
Meta Platforms, Inc., Class A
|
847,524
|
607,250,946
|
|
|
Microsoft Corp.
|
567,269
|
244,090,178
|
|
|
Netflix, Inc.(b)
|
993,346
|
82,934,458
|
|
|
NVIDIA Corp.
|
2,648,627
|
506,232,079
|
|
|
Phathom Pharmaceuticals, Inc.(b)(c)
|
2,342,451
|
32,021,305
|
|
|
S&P Global, Inc.
|
679,965
|
358,878,727
|
|
|
ServiceNow, Inc.(b)
|
287,945
|
33,692,444
|
|
|
Stryker Corp.
|
108,646
|
40,151,216
|
|
|
Thermo Fisher Scientific, Inc.(c)
|
230,127
|
133,153,783
|
|
|
TJX Cos., Inc. (The)
|
476,702
|
71,414,727
|
|
|
Visa, Inc., Class A(c)
|
839,996
|
270,335,913
|
|
|
|
|
|
6,087,662,125
|
|
Total Common Stocks & Other Equity Interests
(Cost $3,952,040,982)
|
9,021,248,385
|
||
|
Money Market Funds–0.08%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
3.61%(e)(f)
|
2,376,096
|
2,376,096
|
|
|
|
Shares
|
Value
|
|
|
Money Market Funds–(continued)
|
|||
|
Invesco Treasury Portfolio,
Institutional Class, 3.57%(e)(f)
|
4,412,750
|
$4,412,750
|
|
|
Total Money Market Funds (Cost $6,788,846)
|
6,788,846
|
||
|
TOTAL INVESTMENTS IN
SECURITIES (excluding
Investments purchased with
cash collateral from securities
on loan)-100.06%
(Cost $3,958,829,828)
|
|
|
9,028,037,231
|
|
Investments Purchased with Cash Collateral from
Securities on Loan
|
|||
|
Money Market Funds–2.20%
|
|||
|
Invesco Private Government Fund,
3.65%(e)(f)(g)
|
52,995,200
|
52,995,200
|
|
|
|
Shares
|
Value
|
|
|
Money Market Funds–(continued)
|
|||
|
Invesco Private Prime Fund,
3.80%(e)(f)(g)
|
145,238,255
|
$145,281,826
|
|
|
Total Investments Purchased with Cash Collateral
from Securities on Loan (Cost $198,277,026)
|
198,277,026
|
||
|
TOTAL INVESTMENTS IN SECURITIES—102.26%
(Cost $4,157,106,854)
|
9,226,314,257
|
||
|
OTHER ASSETS LESS LIABILITIES–(2.26)%
|
(203,529,748
)
|
||
|
NET ASSETS–100.00%
|
$9,022,784,509
|
||
|
ADR
|
– American Depositary Receipt
|
|
(a)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(d)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The value of this security at January 31, 2026
represented 1.23% 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 January 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated Money Market
Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class
|
$4,817,879
|
$107,241,361
|
$(109,683,144)
|
$-
|
$-
|
$2,376,096
|
$36,661
|
|
Invesco Treasury Portfolio, Institutional Class
|
8,947,489
|
199,162,529
|
(203,697,268)
|
-
|
-
|
4,412,750
|
64,869
|
|
Investments Purchased with Cash
Collateral from Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
29,583,801
|
359,679,207
|
(336,267,808)
|
-
|
-
|
52,995,200
|
492,767*
|
|
Invesco Private Prime Fund
|
78,386,016
|
578,003,040
|
(511,107,230)
|
6,222
|
(6,222)
|
145,281,826
|
1,227,243*
|
|
Investments in Other Affiliates:
|
|
|
|
|
|
|
|
|
Ciro Holding S.A.**
|
15,010,818
|
-
|
-
|
12,756
|
-
|
15,023,574
|
-
|
|
Total
|
$136,746,003
|
$1,244,086,137
|
$(1,160,755,450)
|
$18,978
|
$(6,222)
|
$220,089,446
|
$1,821,540
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from borrowers,
if any.
|
|
**
|
At January 31, 2026, this security was no longer an affiliate of the Fund.
|
|
(f)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(g)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of
the securities loaned.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Argentina
|
$—
|
$—
|
$15,023,574
|
$15,023,574
|
|
Brazil
|
52,002,291
|
—
|
—
|
52,002,291
|
|
Canada
|
182,033,726
|
—
|
—
|
182,033,726
|
|
China
|
106,861,773
|
90,827,589
|
—
|
197,689,362
|
|
Czech Republic
|
21,589,291
|
—
|
—
|
21,589,291
|
|
France
|
—
|
493,825,973
|
—
|
493,825,973
|
|
Germany
|
—
|
188,770,493
|
—
|
188,770,493
|
|
India
|
76,858,952
|
284,120,978
|
—
|
360,979,930
|
|
Italy
|
—
|
91,789,976
|
—
|
91,789,976
|
|
Japan
|
—
|
186,632,298
|
—
|
186,632,298
|
|
Netherlands
|
—
|
228,739,817
|
—
|
228,739,817
|
|
Spain
|
—
|
42,733,382
|
—
|
42,733,382
|
|
Sweden
|
63,571,969
|
117,202,738
|
—
|
180,774,707
|
|
Switzerland
|
—
|
182,334,426
|
—
|
182,334,426
|
|
Taiwan
|
—
|
508,667,014
|
—
|
508,667,014
|
|
United States
|
6,087,662,125
|
—
|
—
|
6,087,662,125
|
|
Money Market Funds
|
6,788,846
|
198,277,026
|
—
|
205,065,872
|
|
Total Investments
|
$6,597,368,973
|
$2,613,921,710
|
$15,023,574
|
$9,226,314,257
|