Schedule of Investments(a)  
January 31, 2026
(Unaudited)
 
 
Shares
Value
Common Stocks & Other Equity Interests–95.11%
Aerospace & Defense–1.27%
Textron, Inc.
1,906,437
$167,880,842
Air Freight & Logistics–2.07%
FedEx Corp.
849,476
273,743,641
Asset Management & Custody Banks–2.17%
State Street Corp.
2,190,495
286,648,176
Biotechnology–0.53%
Regeneron Pharmaceuticals, Inc.
93,678
69,457,553
Brewers–1.00%
Anheuser-Busch InBev S.A./N.V.
(Belgium)
1,844,217
132,752,287
Broadline Retail–1.29%
eBay, Inc.
1,872,659
170,823,954
Building Products–1.39%
Johnson Controls International PLC
1,543,322
184,056,582
Cable & Satellite–1.74%
Charter Communications, Inc.,
Class A(b)(c)
684,813
141,153,656
Comcast Corp., Class A
2,973,326
88,456,448
 
 
229,610,104
Communications Equipment–2.94%
Cisco Systems, Inc.
4,138,850
324,154,732
F5, Inc.(b)
234,405
64,604,362
 
 
388,759,094
Construction Machinery & Heavy Transportation Equipment–
2.46%
Caterpillar, Inc.
268,942
176,791,713
Wabtec Corp.
646,643
148,818,420
 
 
325,610,133
Consumer Finance–0.38%
Capital One Financial Corp.
228,495
50,024,410
Diversified Banks–9.31%
Bank of America Corp.
8,461,198
450,135,734
Citigroup, Inc.
2,034,871
235,454,923
Fifth Third Bancorp(c)
3,960,595
198,901,081
Wells Fargo & Co.
3,828,694
346,458,520
 
 
1,230,950,258
Electric Utilities–0.81%
Evergy, Inc.
1,401,360
107,526,353
Electrical Components & Equipment–2.59%
Eaton Corp. PLC
471,633
165,741,269
Emerson Electric Co.(c)
1,199,264
176,243,837
 
 
341,985,106
Fertilizers & Agricultural Chemicals–0.58%
Corteva, Inc.
1,060,809
77,226,895
 
Shares
Value
Food Distributors–1.64%
Sysco Corp.
2,593,730
$217,484,261
Footwear–1.16%
NIKE, Inc., Class B
2,485,679
153,639,819
Health Care Distributors–0.71%
Henry Schein, Inc.(b)
1,246,028
94,050,193
Health Care Equipment–2.59%
Becton, Dickinson and Co.
610,326
124,189,134
GE HealthCare Technologies, Inc.
1,041,535
82,250,019
Medtronic PLC
1,315,786
135,473,327
 
 
341,912,480
Health Care Services–2.42%
CVS Health Corp.
4,301,413
320,541,297
Household Products–3.20%
Clorox Co. (The)
1,260,891
142,215,896
Kimberly-Clark Corp.
770,023
76,994,600
Reckitt Benckiser Group PLC (United
Kingdom)
2,447,765
204,214,602
 
 
423,425,098
Integrated Oil & Gas–5.11%
Chevron Corp.
1,849,363
327,152,314
Exxon Mobil Corp.
962,267
136,064,554
Suncor Energy, Inc. (Canada)
4,021,606
213,024,470
 
 
676,241,338
Interactive Media & Services–5.06%
Alphabet, Inc., Class A
1,372,107
463,772,166
Meta Platforms, Inc., Class A
286,772
205,472,138
 
 
669,244,304
Investment Banking & Brokerage–0.61%
Goldman Sachs Group, Inc. (The)
86,807
81,200,136
IT Consulting & Other Services–2.06%
Cognizant Technology Solutions Corp.,
Class A
2,503,858
205,466,587
DXC Technology Co.(b)(c)
4,623,720
66,720,280
 
 
272,186,867
Life & Health Insurance–0.88%
MetLife, Inc.
1,482,549
116,943,465
Life Sciences Tools & Services–1.17%
ICON PLC(b)(c)
611,028
110,137,797
IQVIA Holdings, Inc.(b)
191,434
44,058,535
 
 
154,196,332
Managed Health Care–2.83%
Elevance Health, Inc.
614,311
212,391,885
Humana, Inc.
288,552
56,325,351
UnitedHealth Group, Inc.
366,882
105,269,452
 
 
373,986,688
See accompanying notes which are an integral part of this schedule.
Invesco Comstock Fund
 
Shares
Value
Movies & Entertainment–1.33%
Universal Music Group N.V.
(Netherlands)
2,243,725
$55,010,615
Walt Disney Co. (The)(c)
1,069,422
120,630,802
 
 
175,641,417
Multi-Utilities–2.84%
Dominion Energy, Inc.(c)
2,598,898
156,375,693
Sempra
2,516,819
218,988,421
 
 
375,364,114
Oil & Gas Equipment & Services–0.59%
Tenaris S.A.
3,538,721
78,605,401
Oil & Gas Exploration & Production–1.83%
ConocoPhillips
1,667,881
173,843,237
EQT Corp.
1,179,461
68,090,283
 
 
241,933,520
Paper & Plastic Packaging Products & Materials–0.91%
International Paper Co.(c)
2,968,678
119,697,097
Pharmaceuticals–6.55%
AstraZeneca PLC (United Kingdom)
1,039,014
193,582,980
Bristol-Myers Squibb Co.
1,521,488
83,757,914
Johnson & Johnson
925,701
210,365,552
Merck & Co., Inc.
1,938,365
213,743,509
Sanofi S.A., ADR(c)
3,493,862
164,351,269
 
 
865,801,224
Property & Casualty Insurance–1.77%
Allstate Corp. (The)
430,021
85,569,879
American International Group, Inc.
1,975,623
147,934,650
 
 
233,504,529
Regional Banks–4.63%
Citizens Financial Group, Inc.
3,699,808
233,013,908
Huntington Bancshares, Inc.
12,142,689
212,254,204
M&T Bank Corp.(c)
751,743
166,563,696
 
 
611,831,808
Research & Consulting Services–0.90%
TransUnion(c)
1,508,645
119,213,128
Restaurants–3.16%
Domino’s Pizza, Inc.
313,020
128,441,497
Restaurant Brands International, Inc.
(Canada)
2,146,609
143,821,936
Starbucks Corp.(c)
1,586,271
145,857,618
 
 
418,121,051
Semiconductors–3.36%
Intel Corp.(b)
3,225,867
149,906,040
NXP Semiconductors N.V.
(Netherlands)
937,478
212,001,275
 
Shares
Value
Semiconductors–(continued)
QUALCOMM, Inc.
541,053
$82,018,224
 
 
443,925,539
Soft Drinks & Non-alcoholic Beverages–1.09%
Coca-Cola Co. (The)
1,930,468
144,418,311
Specialty Chemicals–1.29%
International Flavors & Fragrances,
Inc.(c)
2,442,130
170,485,095
Systems Software–2.43%
Microsoft Corp.
745,438
320,754,517
Telecom Tower REITs–0.70%
SBA Communications Corp., Class A
500,662
92,176,881
Tobacco–1.76%
Philip Morris International, Inc.
1,299,655
233,210,093
Total Common Stocks & Other Equity Interests
(Cost $7,638,022,888)
12,576,791,391
 
Exchange-Traded Funds–0.85%
Invesco Comstock Contrarian Equity
ETF
(Cost $95,966,722)(c)(d)
3,747,934
112,640,408
Money Market Funds–4.12%
Invesco Government & Agency
Portfolio, Institutional Class,
3.61%(d)(e)
190,934,213
190,934,213
Invesco Treasury Portfolio,
Institutional Class, 3.57%(d)(e)
354,227,957
354,227,957
Total Money Market Funds
(Cost $545,162,170)
545,162,170
TOTAL INVESTMENTS IN SECURITIES
(excluding investments
purchased with cash collateral
from securities on
loan)-100.08%
(Cost $8,279,151,780)
 
13,234,593,969
Investments Purchased with Cash Collateral from
Securities on Loan
Money Market Funds–3.47%
Invesco Private Government Fund,
3.65%(d)(e)(f)
122,221,134
122,221,134
Invesco Private Prime Fund,
3.80%(d)(e)(f)
336,427,993
336,528,921
Total Investments Purchased with Cash Collateral
from Securities on Loan
(Cost $458,750,055)
458,750,055
TOTAL INVESTMENTS IN SECURITIES–103.55%
(Cost $8,737,901,835)
13,693,344,024
OTHER ASSETS LESS LIABILITIES—(3.55)%
(469,245,943
)
NET ASSETS–100.00%
$13,224,098,081
Investment Abbreviations: 
ADR
– American Depositary Receipt
ETF
– Exchange-Traded Fund
REIT
– Real Estate Investment Trust
See accompanying notes which are an integral part of this schedule.
Invesco Comstock Fund
Notes to Schedule of Investments: 
(a)
Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the
exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b)
Non-income producing security.
(c)
All or a portion of this security was out on loan at January 31, 2026.
(d)
Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended January 31, 2026.
 
 
Value
April 30, 2025
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
Realized
Gain
Value
January 31, 2026
Dividend Income
Investments in Affiliated Money Market
Funds:
Invesco Government & Agency Portfolio,
Institutional Class
$136,938,919
$441,660,647
$(387,665,353)
$-
$-
$190,934,213
$4,889,273
Invesco Treasury Portfolio, Institutional Class
253,950,983
820,226,916
(719,949,942)
-
-
354,227,957
8,975,130
Investments Purchased with Cash
Collateral from Securities on Loan:
Invesco Private Government Fund
11,554,815
1,140,655,063
(1,029,988,744)
-
-
122,221,134
2,009,536*
Invesco Private Prime Fund
30,133,600
2,465,138,420
(2,158,759,620)
2,690
13,831
336,528,921
5,518,019*
Investments in Other Affiliates:
Invesco Comstock Contrarian Equity ETF
-
100,579,500
(5,218,135)
16,673,686
605,357
112,640,408
1,616,299
Total
$432,578,317
$4,968,260,546
$(4,301,581,794)
$16,676,376
$619,188
$1,116,552,633
$23,008,257
 
*
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 January 31, 2026.
(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 Forward Foreign Currency Contracts
Settlement
Date
Counterparty
Contract to
Unrealized
Appreciation
(Depreciation)
Deliver
Receive
Currency Risk
 
 
 
02/23/2026
J.P. Morgan Chase Bank, N.A.
USD
4,051,174
GBP
3,020,910
$82,396
Currency Risk
 
 
 
02/23/2026
Canadian Imperial Bank of Commerce
CAD
9,574,134
USD
6,902,471
(135,069
)
02/23/2026
Canadian Imperial Bank of Commerce
EUR
180,892,104
USD
211,158,338
(3,464,199
)
02/23/2026
Royal Bank of Canada
CAD
233,277,011
USD
168,329,449
(3,142,582
)
02/23/2026
Royal Bank of Canada
GBP
147,988,522
USD
199,034,351
(3,461,225
)
Subtotal—Depreciation
(10,203,075
)
Total Forward Foreign Currency Contracts
$(10,120,679
)
 
Abbreviations:
CAD
—Canadian Dollar
EUR
—Euro
GBP
—British Pound Sterling
USD
—U.S. Dollar
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Comstock Fund
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2026
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of January 31, 2026. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments. 
 
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stocks & Other Equity Interests
$11,912,625,506
$664,165,885
$—
$12,576,791,391
Exchange-Traded Funds
112,640,408
—
—
112,640,408
Money Market Funds
545,162,170
458,750,055
—
1,003,912,225
Total Investments in Securities
12,570,428,084
1,122,915,940
—
13,693,344,024
Other Investments - Assets*
Forward Foreign Currency Contracts
—
82,396
—
82,396
Other Investments - Liabilities*
Forward Foreign Currency Contracts
—
(10,203,075
)
—
(10,203,075
)
Total Other Investments
—
(10,120,679
)
—
(10,120,679
)
Total Investments
$12,570,428,084
$1,112,795,261
$—
$13,683,223,345
 
*
Unrealized appreciation (depreciation).
Invesco Comstock Fund