|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.96%
|
|||
|
Aerospace & Defense-8.07%
|
|||
|
ATI, Inc.(b)
|
|
27,934
|
$3,360,460
|
|
Carpenter Technology Corp.
|
|
12,512
|
3,976,689
|
|
|
|
|
7,337,149
|
|
Aluminum-7.61%
|
|||
|
Alcoa Corp.
|
|
54,130
|
3,075,125
|
|
Century Aluminum Co.(b)(c)
|
|
57,533
|
2,607,971
|
|
Kaiser Aluminum Corp.
|
|
10,058
|
1,233,312
|
|
|
|
|
6,916,408
|
|
Coal & Consumable Fuels-4.81%
|
|||
|
Uranium Energy Corp.(b)(c)
|
|
253,497
|
4,370,288
|
|
Commodity Chemicals-3.50%
|
|||
|
Cabot Corp.
|
|
15,148
|
1,093,534
|
|
Hawkins, Inc.
|
|
8,346
|
1,087,067
|
|
Westlake Corp.(c)
|
|
12,641
|
1,002,684
|
|
|
|
|
3,183,285
|
|
Copper-3.13%
|
|||
|
Freeport-McMoRan, Inc.
|
|
47,224
|
2,844,302
|
|
Diversified Chemicals-2.38%
|
|||
|
Chemours Co. (The)(c)
|
|
77,871
|
1,167,286
|
|
Huntsman Corp.
|
|
92,350
|
999,227
|
|
|
|
|
2,166,513
|
|
Diversified Metals & Mining-8.24%
|
|||
|
Idaho Strategic Resources, Inc.(b)(c)
|
|
27,719
|
999,547
|
|
Ivanhoe Electric, Inc.(b)(c)
|
|
129,028
|
2,205,089
|
|
Materion Corp.
|
|
8,200
|
1,133,896
|
|
MP Materials Corp.(b)(c)
|
|
53,608
|
3,150,542
|
|
|
|
|
7,489,074
|
|
Fertilizers & Agricultural Chemicals-4.70%
|
|||
|
Corteva, Inc.
|
|
39,985
|
2,910,908
|
|
Scotts Miracle-Gro Co. (The)
|
|
21,197
|
1,361,271
|
|
|
|
|
4,272,179
|
|
Forest Products-1.52%
|
|||
|
Louisiana-Pacific Corp.
|
|
16,548
|
1,385,730
|
|
Gold-11.60%
|
|||
|
Coeur Mining, Inc.(b)
|
|
141,820
|
2,898,801
|
|
Newmont Corp.
|
|
36,965
|
4,153,018
|
|
Royal Gold, Inc.
|
|
13,262
|
3,492,017
|
|
|
|
|
10,543,836
|
|
Industrial Gases-2.12%
|
|||
|
Linde PLC
|
|
4,222
|
1,929,327
|
|
Metal, Glass & Plastic Containers-0.88%
|
|||
|
O-I Glass, Inc.(b)
|
|
52,083
|
795,828
|
|
Paper & Plastic Packaging Products & Materials-3.91%
|
|||
|
Avery Dennison Corp.
|
|
12,060
|
2,237,251
|
|
International Paper Co.
|
|
32,744
|
1,320,238
|
|
|
|
|
3,557,489
|
|
Paper Products-2.03%
|
|||
|
Magnera Corp.(b)(c)
|
|
55,058
|
719,608
|
|
Sylvamo Corp.
|
|
22,933
|
1,122,341
|
|
|
|
|
1,841,949
|
|
|
Shares
|
Value
|
|
|
Silver-4.93%
|
|||
|
Hecla Mining Co.
|
|
198,979
|
$4,481,007
|
|
Specialty Chemicals-20.48%
|
|||
|
Albemarle Corp.
|
|
20,676
|
3,527,946
|
|
Ashland, Inc.
|
|
15,727
|
961,863
|
|
Balchem Corp.
|
|
4,781
|
813,583
|
|
DuPont de Nemours, Inc.
|
|
56,849
|
2,496,808
|
|
Ecolab, Inc.
|
|
5,627
|
1,586,758
|
|
Element Solutions, Inc.(c)
|
|
63,094
|
1,836,035
|
|
Ingevity Corp.(b)
|
|
19,000
|
1,250,010
|
|
NewMarket Corp.
|
|
2,628
|
1,762,836
|
|
Perimeter Solutions, Inc.(b)
|
|
43,682
|
1,142,284
|
|
Quaker Chemical Corp.
|
|
5,301
|
814,976
|
|
RPM International, Inc.
|
|
13,277
|
1,420,108
|
|
Sensient Technologies Corp.
|
|
10,654
|
1,007,016
|
|
|
|
|
18,620,223
|
|
Steel-10.05%
|
|||
|
Cleveland-Cliffs, Inc.(b)(c)
|
|
134,775
|
1,854,504
|
|
Commercial Metals Co.
|
|
20,413
|
1,569,147
|
|
Nucor Corp.
|
|
8,638
|
1,535,145
|
|
Reliance, Inc.
|
|
5,013
|
1,651,784
|
|
Steel Dynamics, Inc.
|
|
14,035
|
2,520,265
|
|
|
|
|
9,130,845
|
|
Total Common Stocks & Other Equity Interests
(Cost $64,863,444)
|
90,865,432
|
||
|
Money Market Funds-0.20%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $186,338)
|
|
186,338
|
186,338
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.16%
(Cost $65,049,782)
|
91,051,770
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-11.74%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
2,479,390
|
2,479,390
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
8,190,426
|
8,192,883
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $10,672,273)
|
10,672,273
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.90%
(Cost $75,722,055)
|
101,724,043
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.90)%
|
(10,820,806
)
|
||
|
NET ASSETS-100.00%
|
$90,903,237
|
||
|
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
|
$130,424
|
$848,522
|
$(792,608
)
|
$-
|
$-
|
$186,338
|
$4,542
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
2,023,918
|
31,431,915
|
(30,976,443
)
|
-
|
-
|
2,479,390
|
85,519
*
|
|
Invesco Private Prime Fund
|
5,262,219
|
73,970,207
|
(71,040,434
)
|
106
|
785
|
8,192,883
|
231,297
*
|
|
Total
|
$7,416,561
|
$106,250,644
|
$(102,809,485
)
|
$106
|
$785
|
$10,858,611
|
$321,358
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.88%
|
|||
|
Apparel Retail-16.50%
|
|||
|
Abercrombie & Fitch Co., Class A(b)
|
|
4,887
|
$477,118
|
|
American Eagle Outfitters, Inc.
|
|
28,537
|
665,197
|
|
Boot Barn Holdings, Inc.(b)
|
|
2,308
|
411,932
|
|
Buckle, Inc. (The)
|
|
7,026
|
332,330
|
|
RealReal, Inc. (The)(b)(c)
|
|
34,297
|
503,137
|
|
Revolve Group, Inc.(b)
|
|
9,999
|
276,472
|
|
Urban Outfitters, Inc.(b)
|
|
7,811
|
553,409
|
|
Victoria’s Secret & Co.(b)(c)
|
|
15,666
|
853,954
|
|
|
|
|
4,073,549
|
|
Apparel, Accessories & Luxury Goods-9.42%
|
|||
|
Figs, Inc., Class A(b)
|
|
27,996
|
302,637
|
|
Ralph Lauren Corp.
|
|
2,767
|
977,885
|
|
Tapestry, Inc.
|
|
8,248
|
1,046,754
|
|
|
|
|
2,327,276
|
|
Automobile Manufacturers-7.15%
|
|||
|
General Motors Co.
|
|
8,124
|
682,416
|
|
Rivian Automotive, Inc., Class A(b)
|
|
28,985
|
427,529
|
|
Tesla, Inc.(b)
|
|
1,524
|
655,945
|
|
|
|
|
1,765,890
|
|
Automotive Parts & Equipment-5.48%
|
|||
|
Dana, Inc.
|
|
21,374
|
617,709
|
|
Garrett Motion, Inc. (Switzerland)
|
|
24,486
|
441,727
|
|
XPEL, Inc.(b)(c)(d)
|
|
5,680
|
292,577
|
|
|
|
|
1,352,013
|
|
Automotive Retail-3.89%
|
|||
|
Carvana Co.(b)
|
|
2,397
|
961,461
|
|
Broadline Retail-5.60%
|
|||
|
Amazon.com, Inc.(b)
|
|
4,047
|
968,447
|
|
Dillard’s, Inc., Class A(c)
|
|
684
|
415,571
|
|
|
|
|
1,384,018
|
|
Cable & Satellite-4.38%
|
|||
|
EchoStar Corp., Class A(b)(c)
|
|
9,545
|
1,080,685
|
|
Casinos & Gaming-1.86%
|
|||
|
Las Vegas Sands Corp.
|
|
8,691
|
458,276
|
|
Consumer Staples Merchandise Retail-2.73%
|
|||
|
Dollar General Corp.
|
|
4,691
|
672,830
|
|
Distributors-1.44%
|
|||
|
GigaCloud Technology, Inc., Class A(b)(c)
|
|
8,895
|
355,177
|
|
Diversified Support Services-1.17%
|
|||
|
OPENLANE, Inc.(b)
|
|
9,643
|
289,676
|
|
Health Care Distributors-7.90%
|
|||
|
Cardinal Health, Inc.
|
|
4,356
|
936,017
|
|
McKesson Corp.
|
|
1,220
|
1,014,076
|
|
|
|
|
1,950,093
|
|
Home Furnishings-3.77%
|
|||
|
Somnigroup International, Inc.
|
|
10,586
|
929,980
|
|
Homefurnishing Retail-6.98%
|
|||
|
Wayfair, Inc., Class A(b)(c)
|
|
9,298
|
962,250
|
|
Williams-Sonoma, Inc.
|
|
3,722
|
761,707
|
|
|
|
|
1,723,957
|
|
|
Shares
|
Value
|
|
|
Hotels, Resorts & Cruise Lines-5.38%
|
|||
|
Expedia Group, Inc.
|
|
2,308
|
$611,251
|
|
Hilton Worldwide Holdings, Inc.
|
|
2,406
|
718,215
|
|
|
|
|
1,329,466
|
|
Leisure Facilities-1.93%
|
|||
|
Planet Fitness, Inc., Class A(b)
|
|
5,242
|
477,232
|
|
Leisure Products-1.92%
|
|||
|
Callaway Golf Co.(b)(c)
|
|
33,117
|
475,229
|
|
Movies & Entertainment-2.16%
|
|||
|
Sphere Entertainment Co.(b)
|
|
5,594
|
534,283
|
|
Other Specialty Retail-5.10%
|
|||
|
Five Below, Inc.(b)
|
|
4,140
|
793,390
|
|
National Vision Holdings, Inc.(b)(c)
|
|
17,703
|
466,474
|
|
|
|
|
1,259,864
|
|
Passenger Airlines-3.93%
|
|||
|
Allegiant Travel Co.(b)
|
|
3,479
|
308,344
|
|
United Airlines Holdings, Inc.(b)
|
|
6,468
|
661,805
|
|
|
|
|
970,149
|
|
Restaurants-1.19%
|
|||
|
Dine Brands Global, Inc.(c)
|
|
8,554
|
294,172
|
|
Total Common Stocks & Other Equity Interests
(Cost $23,036,206)
|
24,665,276
|
||
|
Money Market Funds-0.58%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(e)(f)
(Cost $144,741)
|
|
144,741
|
144,741
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.46%
(Cost $23,180,947)
|
24,810,017
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-11.47%
|
|||
|
Invesco Private Government Fund,
3.65%(e)(f)(g)
|
|
783,036
|
783,036
|
|
Invesco Private Prime Fund, 3.80%(e)(f)(g)
|
|
2,048,254
|
2,048,868
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $2,831,904)
|
2,831,904
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.93%
(Cost $26,012,851)
|
27,641,921
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.93)%
|
(2,946,409
)
|
||
|
NET ASSETS-100.00%
|
$24,695,512
|
||
|
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)
|
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 1.18% of the Fund’s Net Assets.
|
|
(e)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended January 31, 2026.
|
|
|
Value
April 30, 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
|
$136,511
|
$391,742
|
$(383,512
)
|
$-
|
$-
|
$144,741
|
$3,737
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
4,487,712
|
20,776,458
|
(24,481,134
)
|
-
|
-
|
783,036
|
47,052
*
|
|
Invesco Private Prime Fund
|
7,998,580
|
42,513,010
|
(48,462,704
)
|
232
|
(250
)
|
2,048,868
|
130,236
*
|
|
Total
|
$12,622,803
|
$63,681,210
|
$(73,327,350
)
|
$232
|
$(250
)
|
$2,976,645
|
$181,025
|
|
*
|
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 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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Agricultural Products & Services-8.05%
|
|||
|
Archer-Daniels-Midland Co.
|
|
40,728
|
$2,741,402
|
|
Bunge Global S.A.
|
|
16,909
|
1,925,597
|
|
Darling Ingredients, Inc.(b)
|
|
30,920
|
1,411,807
|
|
Ingredion, Inc.
|
|
10,183
|
1,202,612
|
|
|
|
|
7,281,418
|
|
Consumer Finance-1.66%
|
|||
|
EZCORP, Inc., Class A(b)(c)
|
|
70,105
|
1,503,752
|
|
Consumer Staples Merchandise Retail-7.11%
|
|||
|
BJ’s Wholesale Club Holdings, Inc.(b)
|
|
29,626
|
2,738,628
|
|
Costco Wholesale Corp.
|
|
3,922
|
3,687,661
|
|
|
|
|
6,426,289
|
|
Distillers & Vintners-1.13%
|
|||
|
Brown-Forman Corp., Class B
|
|
37,310
|
1,021,175
|
|
Education Services-8.40%
|
|||
|
Adtalem Global Education, Inc.(b)
|
|
18,838
|
1,950,675
|
|
Grand Canyon Education, Inc.(b)
|
|
8,055
|
1,400,281
|
|
Laureate Education, Inc., Class A(b)
|
|
59,823
|
2,051,929
|
|
Perdoceo Education Corp.
|
|
39,238
|
1,256,793
|
|
Universal Technical Institute, Inc.(b)(c)
|
|
33,483
|
931,832
|
|
|
|
|
7,591,510
|
|
Food Distributors-9.79%
|
|||
|
Andersons, Inc. (The)
|
|
17,959
|
1,113,278
|
|
Chefs’ Warehouse, Inc. (The)(b)
|
|
20,404
|
1,283,412
|
|
Performance Food Group Co.(b)
|
|
20,025
|
1,911,386
|
|
United Natural Foods, Inc.(b)
|
|
35,263
|
1,312,842
|
|
US Foods Holding Corp.(b)
|
|
38,702
|
3,236,261
|
|
|
|
|
8,857,179
|
|
Food Retail-7.50%
|
|||
|
Casey’s General Stores, Inc.
|
|
6,538
|
3,965,297
|
|
Kroger Co. (The)
|
|
44,748
|
2,812,412
|
|
|
|
|
6,777,709
|
|
Household Appliances-0.79%
|
|||
|
Helen of Troy Ltd.(b)(c)
|
|
43,102
|
713,769
|
|
Household Products-10.05%
|
|||
|
Church & Dwight Co., Inc.
|
|
41,133
|
3,959,051
|
|
Energizer Holdings, Inc.(c)
|
|
44,725
|
976,347
|
|
Procter & Gamble Co. (The)
|
|
21,082
|
3,199,615
|
|
Spectrum Brands Holdings, Inc.(c)
|
|
14,934
|
951,445
|
|
|
|
|
9,086,458
|
|
Packaged Foods & Meats-12.64%
|
|||
|
Cal-Maine Foods, Inc.
|
|
18,019
|
1,505,127
|
|
Freshpet, Inc.(b)(c)
|
|
17,552
|
1,223,375
|
|
Hershey Co. (The)
|
|
8,047
|
1,567,153
|
|
J&J Snack Foods Corp.
|
|
9,519
|
904,305
|
|
Marzetti Co. (The)
|
|
5,386
|
924,076
|
|
Post Holdings, Inc.(b)(c)
|
|
15,633
|
1,599,412
|
|
Seaboard Corp.
|
|
222
|
1,128,266
|
|
Tyson Foods, Inc., Class A
|
|
25,482
|
1,664,739
|
|
Vital Farms, Inc.(b)(c)
|
|
32,207
|
916,289
|
|
|
|
|
11,432,742
|
|
|
Shares
|
Value
|
|
|
Personal Care Products-6.49%
|
|||
|
e.l.f. Beauty, Inc.(b)(c)
|
|
17,401
|
$1,478,911
|
|
Estee Lauder Cos., Inc. (The), Class A
|
|
24,342
|
2,806,146
|
|
Herbalife Ltd.(b)
|
|
91,826
|
1,583,080
|
|
|
|
|
5,868,137
|
|
Soft Drinks & Non-alcoholic Beverages-14.19%
|
|||
|
Celsius Holdings, Inc.(b)
|
|
45,074
|
2,365,484
|
|
Coca-Cola Co. (The)
|
|
32,311
|
2,417,186
|
|
Coca-Cola Consolidated, Inc.
|
|
12,597
|
1,915,500
|
|
Monster Beverage Corp.(b)
|
|
39,657
|
3,202,699
|
|
PepsiCo, Inc.
|
|
9,659
|
1,483,912
|
|
Primo Brands Corp.(c)
|
|
76,165
|
1,442,565
|
|
|
|
|
12,827,346
|
|
Specialized Consumer Services-2.46%
|
|||
|
Service Corp. International
|
|
27,708
|
2,228,554
|
|
Tobacco-9.71%
|
|||
|
Altria Group, Inc.
|
|
46,617
|
2,889,788
|
|
Philip Morris International, Inc.
|
|
20,702
|
3,714,767
|
|
Turning Point Brands, Inc.
|
|
17,925
|
2,171,614
|
|
|
|
|
8,776,169
|
|
Total Common Stocks & Other Equity Interests
(Cost $73,872,100)
|
90,392,207
|
||
|
Money Market Funds-0.17%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $150,302)
|
|
150,302
|
150,302
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.14%
(Cost $74,022,402)
|
90,542,509
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-9.47%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
2,382,838
|
2,382,838
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
6,181,667
|
6,183,522
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $8,566,359)
|
8,566,360
|
||
|
TOTAL INVESTMENTS IN SECURITIES-109.61%
(Cost $82,588,761)
|
99,108,869
|
||
|
OTHER ASSETS LESS LIABILITIES-(9.61)%
|
(8,692,231
)
|
||
|
NET ASSETS-100.00%
|
$90,416,638
|
||
|
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 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
|
$208,916
|
$1,419,498
|
$(1,478,112
)
|
$-
|
$-
|
$150,302
|
$5,081
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
4,827,252
|
33,674,067
|
(36,118,481
)
|
-
|
-
|
2,382,838
|
89,860
*
|
|
Invesco Private Prime Fund
|
12,565,489
|
72,877,691
|
(79,260,422
)
|
296
|
468
|
6,183,522
|
242,393
*
|
|
Total
|
$17,601,657
|
$107,971,256
|
$(116,857,015
)
|
$296
|
$468
|
$8,716,662
|
$337,334
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.95%
|
|||
|
Coal & Consumable Fuels-6.79%
|
|||
|
Centrus Energy Corp., Class A(b)(c)
|
|
6,238
|
$1,735,911
|
|
Peabody Energy Corp.
|
|
32,486
|
1,145,456
|
|
|
|
|
2,881,367
|
|
Integrated Oil & Gas-5.79%
|
|||
|
Chevron Corp.
|
|
5,777
|
1,021,951
|
|
Exxon Mobil Corp.
|
|
10,145
|
1,434,503
|
|
|
|
|
2,456,454
|
|
Oil & Gas Drilling-2.33%
|
|||
|
Helmerich & Payne, Inc.
|
|
16,674
|
564,915
|
|
Nabors Industries Ltd.(b)(c)
|
|
6,344
|
424,033
|
|
|
|
|
988,948
|
|
Oil & Gas Equipment & Services-17.39%
|
|||
|
Archrock, Inc.
|
|
27,026
|
799,699
|
|
Baker Hughes Co., Class A
|
|
30,794
|
1,725,696
|
|
Expro Group Holdings N.V.(b)
|
|
23,156
|
370,728
|
|
Kodiak Gas Services, Inc.
|
|
15,123
|
635,317
|
|
Liberty Energy, Inc., Class A
|
|
37,713
|
929,625
|
|
ProPetro Holding Corp.(b)
|
|
36,307
|
417,167
|
|
TETRA Technologies, Inc.(b)
|
|
49,819
|
567,937
|
|
Tidewater, Inc.(b)
|
|
12,150
|
759,254
|
|
Weatherford International PLC
|
|
12,455
|
1,171,766
|
|
|
|
|
7,377,189
|
|
Oil & Gas Exploration & Production-27.60%
|
|||
|
Antero Resources Corp.(b)
|
|
19,461
|
707,797
|
|
APA Corp.
|
|
28,150
|
743,441
|
|
BKV Corp. (Thailand)(b)(c)
|
|
15,711
|
467,402
|
|
CNX Resources Corp.(b)
|
|
22,150
|
859,420
|
|
Comstock Resources, Inc.(b)(c)
|
|
41,896
|
1,020,168
|
|
ConocoPhillips
|
|
10,004
|
1,042,717
|
|
Devon Energy Corp.
|
|
23,326
|
937,938
|
|
Diamondback Energy, Inc.
|
|
7,099
|
1,163,881
|
|
Expand Energy Corp.
|
|
6,219
|
699,078
|
|
Gulfport Energy Corp.(b)
|
|
4,677
|
954,903
|
|
Magnolia Oil & Gas Corp., Class A
|
|
22,357
|
570,327
|
|
Permian Resources Corp.
|
|
63,189
|
1,019,239
|
|
Sable Offshore Corp.(b)(c)
|
|
91,167
|
882,496
|
|
Viper Energy, Inc., Class A
|
|
15,050
|
637,217
|
|
|
|
|
11,706,024
|
|
Oil & Gas Refining & Marketing-18.65%
|
|||
|
Calumet, Inc.(b)(c)
|
|
21,497
|
481,748
|
|
CVR Energy, Inc.(b)
|
|
16,118
|
366,523
|
|
Delek US Holdings, Inc.(c)
|
|
18,303
|
540,121
|
|
Green Plains, Inc.(b)
|
|
40,698
|
466,399
|
|
HF Sinclair Corp.
|
|
9,247
|
480,752
|
|
|
Shares
|
Value
|
|
|
Oil & Gas Refining & Marketing-(continued)
|
|||
|
Marathon Petroleum Corp.
|
|
12,544
|
$2,210,127
|
|
Par Pacific Holdings, Inc.(b)
|
|
16,809
|
634,372
|
|
PBF Energy, Inc., Class A
|
|
17,046
|
570,359
|
|
Phillips 66
|
|
5,173
|
742,636
|
|
Valero Energy Corp.
|
|
7,799
|
1,414,973
|
|
|
|
|
7,908,010
|
|
Oil & Gas Storage & Transportation-17.64%
|
|||
|
Antero Midstream Corp.
|
|
42,272
|
795,559
|
|
DT Midstream, Inc.
|
|
7,367
|
928,389
|
|
Kinder Morgan, Inc.
|
|
48,360
|
1,474,497
|
|
Targa Resources Corp.
|
|
12,371
|
2,486,324
|
|
Williams Cos., Inc. (The)
|
|
26,712
|
1,796,649
|
|
|
|
|
7,481,418
|
|
Steel-3.76%
|
|||
|
Alpha Metallurgical Resources, Inc.(b)
|
|
3,701
|
776,470
|
|
Warrior Met Coal, Inc.
|
|
9,167
|
818,613
|
|
|
|
|
1,595,083
|
|
Total Common Stocks & Other Equity Interests
(Cost $33,601,450)
|
42,394,493
|
||
|
Money Market Funds-0.32%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $136,009)
|
|
136,009
|
136,009
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.27%
(Cost $33,737,459)
|
42,530,502
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-13.57%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
1,600,722
|
1,600,722
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
4,154,298
|
4,155,544
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $5,756,266)
|
5,756,266
|
||
|
TOTAL INVESTMENTS IN SECURITIES-113.84%
(Cost $39,493,725)
|
48,286,768
|
||
|
OTHER ASSETS LESS LIABILITIES-(13.84)%
|
(5,869,501
)
|
||
|
NET ASSETS-100.00%
|
$42,417,267
|
||
|
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
|
$156,950
|
$1,316,581
|
$(1,337,522
)
|
$-
|
$-
|
$136,009
|
$4,079
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
2,734,661
|
26,749,308
|
(27,883,247
)
|
-
|
-
|
1,600,722
|
66,375
*
|
|
Invesco Private Prime Fund
|
7,109,338
|
55,359,352
|
(58,313,367
)
|
-
|
221
|
4,155,544
|
180,409
*
|
|
Total
|
$10,000,949
|
$83,425,241
|
$(87,534,136
)
|
$-
|
$221
|
$5,892,275
|
$250,863
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.99%
|
|||
|
Asset Management & Custody Banks-10.84%
|
|||
|
Bank of New York Mellon Corp. (The)
|
|
12,650
|
$1,516,988
|
|
BlackRock, Inc.
|
|
1,322
|
1,479,238
|
|
DigitalBridge Group, Inc.(b)
|
|
55,931
|
860,778
|
|
Invesco Ltd.(c)
|
|
53,792
|
1,467,984
|
|
TPG, Inc.
|
|
12,446
|
733,194
|
|
|
|
|
6,058,182
|
|
Consumer Finance-14.73%
|
|||
|
American Express Co.
|
|
5,972
|
2,103,159
|
|
Capital One Financial Corp.
|
|
6,984
|
1,529,007
|
|
Enova International, Inc.(d)
|
|
8,019
|
1,324,498
|
|
LendingClub Corp.(d)
|
|
51,793
|
875,820
|
|
OneMain Holdings, Inc.
|
|
16,321
|
1,069,679
|
|
Synchrony Financial
|
|
18,267
|
1,326,732
|
|
|
|
|
8,228,895
|
|
Diversified Banks-10.51%
|
|||
|
Citigroup, Inc.
|
|
13,354
|
1,545,191
|
|
JPMorgan Chase & Co.
|
|
9,084
|
2,778,705
|
|
Wells Fargo & Co.
|
|
17,071
|
1,544,755
|
|
|
|
|
5,868,651
|
|
Financial Exchanges & Data-6.44%
|
|||
|
Cboe Global Markets, Inc.
|
|
5,339
|
1,415,155
|
|
Nasdaq, Inc.
|
|
22,529
|
2,182,835
|
|
|
|
|
3,597,990
|
|
Health Care REITs-7.61%
|
|||
|
American Healthcare REIT, Inc.
|
|
24,117
|
1,131,328
|
|
Ventas, Inc.
|
|
19,428
|
1,508,973
|
|
Welltower, Inc.
|
|
8,539
|
1,608,406
|
|
|
|
|
4,248,707
|
|
Investment Banking & Brokerage-19.36%
|
|||
|
Goldman Sachs Group, Inc. (The)
|
|
2,082
|
1,947,524
|
|
Interactive Brokers Group, Inc., Class A
|
|
34,553
|
2,587,329
|
|
Morgan Stanley
|
|
11,363
|
2,077,156
|
|
Piper Sandler Cos.
|
|
3,486
|
1,207,376
|
|
Raymond James Financial, Inc.
|
|
12,733
|
2,111,895
|
|
Stifel Financial Corp.
|
|
7,160
|
882,828
|
|
|
|
|
10,814,108
|
|
Other Specialized REITs-1.61%
|
|||
|
Outfront Media, Inc.
|
|
36,951
|
898,648
|
|
Property & Casualty Insurance-12.25%
|
|||
|
AXIS Capital Holdings Ltd.
|
|
7,843
|
809,241
|
|
HCI Group, Inc.
|
|
6,635
|
1,052,775
|
|
Heritage Insurance Holdings, Inc.(b)(d)
|
|
24,615
|
641,713
|
|
Lemonade, Inc.(b)(d)
|
|
33,277
|
2,886,114
|
|
Mercury General Corp.
|
|
6,415
|
561,890
|
|
Old Republic International Corp.
|
|
22,729
|
890,295
|
|
|
|
|
6,842,028
|
|
|
Shares
|
Value
|
|
|
Real Estate Services-4.44%
|
|||
|
CBRE Group, Inc., Class A(d)
|
|
9,706
|
$1,653,223
|
|
Jones Lang LaSalle, Inc.(d)
|
|
2,308
|
826,056
|
|
|
|
|
2,479,279
|
|
Regional Banks-6.71%
|
|||
|
Ameris Bancorp
|
|
9,852
|
794,269
|
|
Citizens Financial Group, Inc.
|
|
22,650
|
1,426,497
|
|
Coastal Financial Corp.(b)(d)
|
|
5,449
|
521,905
|
|
Popular, Inc.
|
|
7,540
|
1,006,816
|
|
|
|
|
3,749,487
|
|
Reinsurance-1.14%
|
|||
|
SiriusPoint Ltd. (Sweden)(d)
|
|
31,187
|
636,527
|
|
Retail REITs-2.93%
|
|||
|
Simon Property Group, Inc.
|
|
8,547
|
1,635,127
|
|
Transaction & Payment Processing Services-1.42%
|
|||
|
Sezzle, Inc.(b)(d)
|
|
12,565
|
794,611
|
|
Total Common Stocks & Other Equity Interests
(Cost $50,847,527)
|
55,852,240
|
||
|
Money Market Funds-0.17%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(c)(e)
(Cost $98,449)
|
|
98,449
|
98,449
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.16%
(Cost $50,945,976)
|
55,950,689
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-6.90%
|
|||
|
Invesco Private Government Fund,
3.65%(c)(e)(f)
|
|
1,071,677
|
1,071,677
|
|
Invesco Private Prime Fund, 3.80%(c)(e)(f)
|
|
2,780,591
|
2,781,425
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $3,853,102)
|
3,853,102
|
||
|
TOTAL INVESTMENTS IN SECURITIES-107.06%
(Cost $54,799,078)
|
59,803,791
|
||
|
OTHER ASSETS LESS LIABILITIES-(7.06)%
|
(3,946,329
)
|
||
|
NET ASSETS-100.00%
|
$55,857,462
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
All or a portion of this security was out on loan at January 31, 2026.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended 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
|
|
Invesco Ltd.
|
$-
|
$1,415,541
|
$(2,099
)
|
$54,519
|
$23
|
$1,467,984
|
$-
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio, Institutional
Class
|
111,055
|
937,691
|
(950,297
)
|
-
|
-
|
98,449
|
3,947
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
1,434,044
|
27,003,828
|
(27,366,195
)
|
-
|
-
|
1,071,677
|
44,876
*
|
|
Invesco Private Prime Fund
|
3,740,392
|
57,520,052
|
(58,479,991
)
|
90
|
882
|
2,781,425
|
122,328
*
|
|
Total
|
$5,285,491
|
$86,877,112
|
$(86,798,582
)
|
$54,609
|
$905
|
$5,419,535
|
$171,151
|
|
*
|
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)
|
Non-income producing security.
|
|
(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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-100.05%
|
|||
|
Biotechnology-60.19%
|
|||
|
AnaptysBio, Inc.(b)(c)
|
|
17,433
|
$826,499
|
|
Annexon, Inc.(b)(c)
|
|
149,595
|
933,473
|
|
Arcutis Biotherapeutics, Inc.(b)
|
|
64,211
|
1,629,033
|
|
Arrowhead Pharmaceuticals, Inc.(b)
|
|
73,173
|
5,073,084
|
|
BridgeBio Pharma, Inc.(b)(c)
|
|
39,428
|
3,046,602
|
|
Celcuity, Inc.(b)(c)
|
|
31,368
|
3,432,287
|
|
Cogent Biosciences, Inc.(b)(c)
|
|
76,829
|
2,758,929
|
|
Ideaya Biosciences, Inc.(b)(c)
|
|
43,358
|
1,395,694
|
|
Immunome, Inc.(b)(c)
|
|
75,314
|
1,854,231
|
|
Kodiak Sciences, Inc.(b)(c)
|
|
49,083
|
1,117,620
|
|
Kymera Therapeutics, Inc.(b)(c)
|
|
18,557
|
1,348,908
|
|
Lexeo Therapeutics, Inc.(b)(c)
|
|
100,460
|
744,409
|
|
Madrigal Pharmaceuticals, Inc.(b)
|
|
5,820
|
2,847,784
|
|
Mirum Pharmaceuticals, Inc.(b)(c)
|
|
17,506
|
1,806,969
|
|
Monte Rosa Therapeutics, Inc.(b)
|
|
51,721
|
1,061,315
|
|
Natera, Inc.(b)
|
|
18,625
|
4,304,983
|
|
Oruka Therapeutics, Inc.(b)(c)
|
|
28,102
|
961,931
|
|
Palvella Therapeutics, Inc.(b)(c)
|
|
13,210
|
1,013,075
|
|
Praxis Precision Medicines, Inc.(b)(c)
|
|
20,476
|
6,429,464
|
|
Precigen, Inc.(b)(c)
|
|
254,373
|
1,142,135
|
|
Protagonist Therapeutics, Inc.(b)
|
|
28,303
|
2,315,185
|
|
PTC Therapeutics, Inc.(b)
|
|
21,303
|
1,609,016
|
|
RAPT Therapeutics, Inc.(b)(c)
|
|
27,749
|
1,600,562
|
|
Relay Therapeutics, Inc.(b)(c)
|
|
99,689
|
763,618
|
|
Replimune Group, Inc.(b)(c)
|
|
142,365
|
1,000,826
|
|
Revolution Medicines, Inc.(b)
|
|
41,373
|
4,011,112
|
|
Roivant Sciences Ltd.(b)
|
|
237,985
|
5,145,236
|
|
Sionna Therapeutics, Inc.(b)(c)
|
|
23,894
|
1,009,760
|
|
Stoke Therapeutics, Inc.(b)(c)
|
|
73,472
|
2,229,140
|
|
Taysha Gene Therapies, Inc.(b)(c)
|
|
367,229
|
1,656,203
|
|
Travere Therapeutics, Inc.(b)(c)
|
|
80,167
|
2,492,392
|
|
United Therapeutics Corp.(b)
|
|
6,607
|
3,101,920
|
|
Upstream Bio, Inc.(b)(c)
|
|
31,208
|
969,945
|
|
Zenas Biopharma, Inc.(b)(c)
|
|
29,559
|
542,999
|
|
Zymeworks, Inc.(b)
|
|
36,225
|
816,149
|
|
|
|
|
72,992,488
|
|
Health Care Equipment-2.82%
|
|||
|
Alphatec Holdings, Inc.(b)(c)
|
|
93,325
|
1,384,010
|
|
Artivion, Inc.(b)
|
|
18,790
|
766,068
|
|
Axogen, Inc.(b)
|
|
36,410
|
1,268,889
|
|
|
|
|
3,418,967
|
|
Health Care Facilities-9.30%
|
|||
|
Ensign Group, Inc. (The)
|
|
13,319
|
2,286,340
|
|
HCA Healthcare, Inc.
|
|
7,064
|
3,449,139
|
|
PACS Group, Inc.(b)(c)
|
|
57,608
|
1,944,846
|
|
Tenet Healthcare Corp.(b)
|
|
19,008
|
3,597,834
|
|
|
|
|
11,278,159
|
|
Health Care Services-6.34%
|
|||
|
BrightSpring Health Services, Inc.(b)(c)
|
|
58,168
|
2,284,257
|
|
Guardant Health, Inc.(b)
|
|
47,375
|
5,402,645
|
|
|
|
|
7,686,902
|
|
|
Shares
|
Value
|
|
|
Life Sciences Tools & Services-3.45%
|
|||
|
Fortrea Holdings, Inc.(b)
|
|
46,232
|
$777,160
|
|
Medpace Holdings, Inc.(b)
|
|
5,853
|
3,409,255
|
|
|
|
|
4,186,415
|
|
Managed Health Care-1.76%
|
|||
|
Alignment Healthcare, Inc.(b)
|
|
94,994
|
2,140,215
|
|
Pharmaceuticals-16.19%
|
|||
|
Amneal Pharmaceuticals, Inc.(b)
|
|
95,448
|
1,305,729
|
|
Axsome Therapeutics, Inc.(b)
|
|
19,077
|
3,514,937
|
|
EyePoint, Inc.(b)(c)
|
|
45,221
|
611,388
|
|
Harrow, Inc.(b)(c)
|
|
48,921
|
2,002,826
|
|
Ligand Pharmaceuticals, Inc.(b)
|
|
7,514
|
1,443,439
|
|
Maze Therapeutics, Inc.(b)(c)
|
|
23,056
|
1,004,780
|
|
Nuvation Bio, Inc.(b)(c)
|
|
270,074
|
1,415,188
|
|
Phathom Pharmaceuticals, Inc.(b)(c)
|
|
64,506
|
881,797
|
|
Tarsus Pharmaceuticals, Inc.(b)
|
|
21,290
|
1,374,057
|
|
Terns Pharmaceuticals, Inc.(b)(c)
|
|
146,784
|
5,078,726
|
|
Trevi Therapeutics, Inc.(b)(c)
|
|
95,081
|
995,498
|
|
|
|
|
19,628,365
|
|
Total Common Stocks & Other Equity Interests
(Cost $106,240,002)
|
121,331,511
|
||
|
Money Market Funds-0.13%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $162,791)
|
|
162,791
|
162,791
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.18%
(Cost $106,402,793)
|
121,494,302
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-32.18%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
12,272,488
|
12,272,488
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
26,742,323
|
26,750,346
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $39,022,834)
|
39,022,834
|
||
|
TOTAL INVESTMENTS IN SECURITIES-132.36%
(Cost $145,425,627)
|
160,517,136
|
||
|
OTHER ASSETS LESS LIABILITIES-(32.36)%
|
(39,240,157
)
|
||
|
NET ASSETS-100.00%
|
$121,276,979
|
||
|
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
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$249,261
|
$4,549,497
|
$(4,635,967
)
|
$-
|
$-
|
$162,791
|
$7,988
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
9,815,269
|
54,371,623
|
(51,914,404
)
|
-
|
-
|
12,272,488
|
220,017
*
|
|
Invesco Private Prime Fund
|
25,531,198
|
112,411,380
|
(111,193,642
)
|
1,780
|
(370
)
|
26,750,346
|
593,891
*
|
|
Total
|
$35,595,728
|
$171,332,500
|
$(167,744,013
)
|
$1,780
|
$(370
)
|
$39,185,625
|
$821,896
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-100.04%
|
|||
|
Aerospace & Defense-18.61%
|
|||
|
Astronics Corp.(b)(c)
|
|
85,233
|
$6,456,400
|
|
Curtiss-Wright Corp.
|
|
14,705
|
9,656,626
|
|
General Electric Co.
|
|
32,453
|
9,956,256
|
|
HEICO Corp.(c)
|
|
22,827
|
7,553,683
|
|
Howmet Aerospace, Inc.
|
|
76,544
|
15,927,276
|
|
Moog, Inc., Class A
|
|
15,590
|
4,760,406
|
|
Woodward, Inc.
|
|
21,005
|
6,676,229
|
|
|
|
|
60,986,876
|
|
Building Products-1.41%
|
|||
|
CSW Industrials, Inc.
|
|
17,103
|
4,617,468
|
|
Cargo Ground Transportation-1.48%
|
|||
|
Ryder System, Inc.
|
|
25,442
|
4,866,546
|
|
Construction & Engineering-28.31%
|
|||
|
API Group Corp.(b)
|
|
150,822
|
6,269,671
|
|
Comfort Systems USA, Inc.
|
|
17,369
|
19,837,135
|
|
Dycom Industries, Inc.(b)
|
|
25,627
|
9,338,223
|
|
Everus Construction Group, Inc.(b)
|
|
39,115
|
3,461,286
|
|
Granite Construction, Inc.
|
|
51,537
|
6,222,577
|
|
IES Holdings, Inc.(b)(c)
|
|
8,613
|
3,275,438
|
|
MasTec, Inc.(b)
|
|
35,763
|
8,600,286
|
|
MYR Group, Inc.(b)
|
|
14,686
|
3,672,087
|
|
Primoris Services Corp.
|
|
45,815
|
6,792,074
|
|
Quanta Services, Inc.
|
|
34,806
|
16,519,972
|
|
Tutor Perini Corp.
|
|
111,337
|
8,783,376
|
|
|
|
|
92,772,125
|
|
Construction Machinery & Heavy Transportation Equipment-8.72%
|
|||
|
Allison Transmission Holdings, Inc.
|
|
34,056
|
3,701,887
|
|
Blue Bird Corp.(b)(c)
|
|
53,284
|
2,680,718
|
|
Caterpillar, Inc.
|
|
15,464
|
10,165,415
|
|
Cummins, Inc.
|
|
20,754
|
12,012,830
|
|
|
|
|
28,560,850
|
|
Construction Materials-2.11%
|
|||
|
CRH PLC
|
|
56,554
|
6,922,775
|
|
Diversified Support Services-2.34%
|
|||
|
VSE Corp.
|
|
35,054
|
7,661,753
|
|
Electrical Components & Equipment-6.51%
|
|||
|
Acuity, Inc.
|
|
8,650
|
2,674,926
|
|
Sunrun, Inc.(b)
|
|
418,347
|
7,948,593
|
|
T1 Energy, Inc. (Norway)(b)
|
|
574,628
|
4,786,651
|
|
Vicor Corp.(b)(c)
|
|
37,465
|
5,907,107
|
|
|
|
|
21,317,277
|
|
Electronic Components-1.06%
|
|||
|
Bel Fuse, Inc., Class B(c)
|
|
17,277
|
3,475,960
|
|
Electronic Equipment & Instruments-2.29%
|
|||
|
Advanced Energy Industries, Inc.
|
|
16,225
|
4,143,216
|
|
OSI Systems, Inc.(b)
|
|
13,376
|
3,345,873
|
|
|
|
|
7,489,089
|
|
Electronic Manufacturing Services-6.01%
|
|||
|
Jabil, Inc.
|
|
49,737
|
11,797,119
|
|
TE Connectivity PLC (Switzerland)
|
|
35,509
|
7,910,695
|
|
|
|
|
19,707,814
|
|
|
Shares
|
Value
|
|
|
Environmental & Facilities Services-1.73%
|
|||
|
CECO Environmental Corp.(b)(c)
|
|
42,853
|
$2,889,578
|
|
Enviri Corp.(b)(c)
|
|
146,716
|
2,775,866
|
|
|
|
|
5,665,444
|
|
Industrial Machinery & Supplies & Components-9.49%
|
|||
|
Enpro, Inc.
|
|
17,949
|
4,285,862
|
|
ITT, Inc.
|
|
22,507
|
4,103,025
|
|
Mueller Industries, Inc.
|
|
54,270
|
7,388,318
|
|
Parker-Hannifin Corp.
|
|
8,943
|
8,369,217
|
|
SPX Technologies, Inc.(b)
|
|
21,707
|
4,523,956
|
|
Standex International Corp.
|
|
10,058
|
2,413,920
|
|
|
|
|
31,084,298
|
|
Research & Consulting Services-7.48%
|
|||
|
Huron Consulting Group, Inc.(b)
|
|
13,528
|
2,286,232
|
|
Planet Labs PBC(b)(c)
|
|
651,022
|
16,256,019
|
|
Resolute Holdings Management, Inc.(b)(c)
|
|
13,500
|
2,753,460
|
|
Willdan Group, Inc.(b)
|
|
25,540
|
3,223,148
|
|
|
|
|
24,518,859
|
|
Technology Hardware, Storage & Peripherals-0.80%
|
|||
|
Diebold Nixdorf, Inc.(b)(c)
|
|
37,799
|
2,608,509
|
|
Trading Companies & Distributors-1.69%
|
|||
|
Xometry, Inc., Class A(b)(c)
|
|
96,739
|
5,526,699
|
|
Total Common Stocks & Other Equity Interests
(Cost $257,737,837)
|
327,782,342
|
||
|
Money Market Funds-0.08%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $250,354)
|
|
250,354
|
250,354
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.12%
(Cost $257,988,191)
|
328,032,696
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-12.08%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
11,000,617
|
11,000,617
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
28,583,699
|
28,592,274
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $39,592,891)
|
39,592,891
|
||
|
TOTAL INVESTMENTS IN SECURITIES-112.20%
(Cost $297,581,082)
|
367,625,587
|
||
|
OTHER ASSETS LESS LIABILITIES-(12.20)%
|
(39,960,977
)
|
||
|
NET ASSETS-100.00%
|
$327,664,610
|
||
|
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
|
$576,679
|
$2,865,958
|
$(3,192,283
)
|
$-
|
$-
|
$250,354
|
$12,847
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
19,440,781
|
136,478,962
|
(144,919,126
)
|
-
|
-
|
11,000,617
|
432,924
*
|
|
Invesco Private Prime Fund
|
50,461,913
|
307,766,833
|
(329,641,526
)
|
855
|
4,199
|
28,592,274
|
1,166,756
*
|
|
Total
|
$70,479,373
|
$447,111,753
|
$(477,752,935
)
|
$855
|
$4,199
|
$39,843,245
|
$1,612,527
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-100.03%
|
|||
|
Application Software-8.97%
|
|||
|
AppLovin Corp., Class A(b)
|
|
13,943
|
$6,596,573
|
|
Clear Secure, Inc., Class A(c)
|
|
218,860
|
7,139,213
|
|
Digital Turbine, Inc.(b)(c)
|
|
1,385,956
|
7,234,690
|
|
InterDigital, Inc.(c)
|
|
28,245
|
9,220,298
|
|
Pegasystems, Inc.(c)
|
|
132,298
|
5,780,100
|
|
|
|
|
35,970,874
|
|
Communications Equipment-16.72%
|
|||
|
Ciena Corp.(b)(c)
|
|
56,120
|
14,131,577
|
|
Lumentum Holdings, Inc.(b)(c)
|
|
36,507
|
14,304,903
|
|
Ondas, Inc.(b)(c)
|
|
1,706,346
|
17,677,745
|
|
Viavi Solutions, Inc.(b)
|
|
462,357
|
11,309,252
|
|
Vistance Networks, Inc.(b)(c)
|
|
534,878
|
9,627,804
|
|
|
|
|
67,051,281
|
|
Electronic Components-9.14%
|
|||
|
Amphenol Corp., Class A
|
|
74,983
|
10,803,550
|
|
Coherent Corp.(b)
|
|
66,727
|
14,158,135
|
|
Corning, Inc.
|
|
113,439
|
11,712,577
|
|
|
|
|
36,674,262
|
|
Electronic Equipment & Instruments-2.45%
|
|||
|
nLight, Inc.(b)
|
|
215,250
|
9,817,552
|
|
Interactive Media & Services-5.08%
|
|||
|
Alphabet, Inc., Class A
|
|
30,560
|
10,329,280
|
|
Reddit, Inc., Class A(b)
|
|
55,765
|
10,052,757
|
|
|
|
|
20,382,037
|
|
IT Consulting & Other Services-2.29%
|
|||
|
International Business Machines Corp.
|
|
29,995
|
9,199,467
|
|
Semiconductor Materials & Equipment-13.81%
|
|||
|
ACM Research, Inc., Class A(b)
|
|
213,645
|
12,417,047
|
|
KLA Corp.
|
|
11,722
|
16,738,313
|
|
Lam Research Corp.
|
|
59,970
|
14,000,596
|
|
Teradyne, Inc.
|
|
50,737
|
12,230,154
|
|
|
|
|
55,386,110
|
|
Semiconductors-25.87%
|
|||
|
Broadcom, Inc.
|
|
36,627
|
12,134,525
|
|
First Solar, Inc.(b)
|
|
34,424
|
7,763,300
|
|
Intel Corp.(b)
|
|
256,398
|
11,914,815
|
|
MACOM Technology Solutions Holdings,
Inc.(b)(c)
|
|
53,835
|
11,793,095
|
|
|
Shares
|
Value
|
|
|
Semiconductors-(continued)
|
|||
|
Micron Technology, Inc.
|
|
40,568
|
$16,830,852
|
|
NVIDIA Corp.
|
|
117,204
|
22,401,201
|
|
Semtech Corp.(b)
|
|
113,111
|
9,020,602
|
|
SiTime Corp.(b)(c)
|
|
32,690
|
11,870,066
|
|
|
|
|
103,728,456
|
|
Technology Hardware, Storage & Peripherals-15.70%
|
|||
|
Apple, Inc.
|
|
74,617
|
19,361,619
|
|
GPGI, Inc., Class A(b)(c)
|
|
417,138
|
9,831,942
|
|
Seagate Technology Holdings PLC
|
|
40,020
|
16,315,754
|
|
Western Digital Corp.
|
|
69,673
|
17,434,275
|
|
|
|
|
62,943,590
|
|
Total Common Stocks & Other Equity Interests
(Cost $315,954,380)
|
401,153,629
|
||
|
Money Market Funds-0.09%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $336,939)
|
|
336,939
|
336,939
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.12%
(Cost $316,291,319)
|
401,490,568
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-15.12%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
17,209,905
|
17,209,905
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
43,422,972
|
43,435,999
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $60,645,904)
|
60,645,904
|
||
|
TOTAL INVESTMENTS IN SECURITIES-115.24%
(Cost $376,937,223)
|
462,136,472
|
||
|
OTHER ASSETS LESS LIABILITIES-(15.24)%
|
(61,104,065
)
|
||
|
NET ASSETS-100.00%
|
$401,032,407
|
||
|
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
|
$285,703
|
$4,727,625
|
$(4,676,389
)
|
$-
|
$-
|
$336,939
|
$12,128
|
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$16,989,874
|
$256,207,862
|
$(255,987,831
)
|
$-
|
$-
|
$17,209,905
|
$635,616
*
|
|
Invesco Private Prime Fund
|
44,155,951
|
468,559,739
|
(469,282,470
)
|
1,801
|
978
|
43,435,999
|
1,745,128
*
|
|
Total
|
$61,431,528
|
$729,495,226
|
$(729,946,690
)
|
$1,801
|
$978
|
$60,982,843
|
$2,392,872
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Alternative Carriers-3.52%
|
|||
|
Lumen Technologies, Inc.(b)
|
|
197,158
|
$1,738,934
|
|
Electric Utilities-39.06%
|
|||
|
Alliant Energy Corp.
|
|
19,461
|
1,282,675
|
|
American Electric Power Co., Inc.
|
|
10,393
|
1,244,822
|
|
Constellation Energy Corp.
|
|
5,269
|
1,478,903
|
|
Duke Energy Corp.
|
|
16,196
|
1,965,385
|
|
Entergy Corp.
|
|
15,458
|
1,482,268
|
|
Evergy, Inc.
|
|
17,587
|
1,349,450
|
|
Eversource Energy
|
|
17,217
|
1,190,211
|
|
Exelon Corp.
|
|
30,162
|
1,350,654
|
|
NRG Energy, Inc.
|
|
11,333
|
1,729,756
|
|
Otter Tail Corp.
|
|
12,290
|
1,095,776
|
|
PG&E Corp.
|
|
73,451
|
1,132,614
|
|
Pinnacle West Capital Corp.
|
|
12,153
|
1,137,035
|
|
Southern Co. (The)
|
|
15,622
|
1,395,201
|
|
Xcel Energy, Inc.
|
|
19,202
|
1,460,504
|
|
|
|
|
19,295,254
|
|
Electrical Components & Equipment-2.53%
|
|||
|
Preformed Line Products Co.(c)
|
|
4,978
|
1,249,179
|
|
Gas Utilities-10.74%
|
|||
|
Atmos Energy Corp.
|
|
10,920
|
1,816,433
|
|
MDU Resources Group, Inc.(c)
|
|
55,333
|
1,134,880
|
|
National Fuel Gas Co.
|
|
14,795
|
1,239,081
|
|
UGI Corp.
|
|
27,823
|
1,115,980
|
|
|
|
|
5,306,374
|
|
Heavy Electrical Equipment-3.85%
|
|||
|
GE Vernova, Inc.
|
|
2,616
|
1,900,184
|
|
Independent Power Producers & Energy Traders-7.65%
|
|||
|
AES Corp. (The)
|
|
84,120
|
1,232,358
|
|
Talen Energy Corp.(b)
|
|
4,089
|
1,424,444
|
|
Vistra Corp.
|
|
7,095
|
1,123,493
|
|
|
|
|
3,780,295
|
|
Multi-Utilities-24.01%
|
|||
|
Ameren Corp.
|
|
11,743
|
1,212,817
|
|
CenterPoint Energy, Inc.
|
|
32,678
|
1,296,990
|
|
CMS Energy Corp.
|
|
18,808
|
1,344,584
|
|
DTE Energy Co.
|
|
12,218
|
1,641,855
|
|
|
Shares
|
Value
|
|
|
Multi-Utilities-(continued)
|
|||
|
NiSource, Inc.
|
|
40,951
|
$1,813,720
|
|
Public Service Enterprise Group, Inc.
|
|
14,420
|
1,187,631
|
|
Sempra
|
|
16,338
|
1,421,569
|
|
WEC Energy Group, Inc.
|
|
17,559
|
1,943,255
|
|
|
|
|
11,862,421
|
|
Oil & Gas Exploration & Production-2.52%
|
|||
|
EQT Corp.
|
|
21,583
|
1,245,987
|
|
Oil & Gas Storage & Transportation-3.66%
|
|||
|
ONEOK, Inc.
|
|
22,813
|
1,806,561
|
|
Renewable Electricity-2.43%
|
|||
|
Ormat Technologies, Inc.(c)
|
|
9,626
|
1,202,672
|
|
Total Common Stocks & Other Equity Interests
(Cost $43,910,820)
|
49,387,861
|
||
|
Money Market Funds-0.24%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $122,213)
|
|
122,213
|
122,213
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-100.21%
(Cost $44,033,033)
|
49,510,074
|
||
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-6.31%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
867,624
|
867,624
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
2,248,710
|
2,249,385
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $3,117,009)
|
3,117,009
|
||
|
TOTAL INVESTMENTS IN SECURITIES-106.52%
(Cost $47,150,042)
|
52,627,083
|
||
|
OTHER ASSETS LESS LIABILITIES-(6.52)%
|
(3,223,173
)
|
||
|
NET ASSETS-100.00%
|
$49,403,910
|
||
|
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
|
$94,565
|
$1,855,037
|
$(1,827,389
)
|
$-
|
$-
|
$122,213
|
$3,305
|
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$2,519,060
|
$29,281,192
|
$(30,932,628
)
|
$-
|
$-
|
$867,624
|
$57,400
*
|
|
Invesco Private Prime Fund
|
6,535,402
|
71,107,330
|
(75,395,291
)
|
156
|
1,788
|
2,249,385
|
155,575
*
|
|
Total
|
$9,149,027
|
$102,243,559
|
$(108,155,308
)
|
$156
|
$1,788
|
$3,239,222
|
$216,280
|
|
*
|
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.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Advertising-0.03%
|
|||
|
Criteo S.A., ADR (France)(b)
|
|
9,757
|
$187,042
|
|
Apparel Retail-0.03%
|
|||
|
Lands’ End, Inc.(b)(c)
|
|
5,432
|
96,472
|
|
Stitch Fix, Inc., Class A(b)(c)
|
|
21,065
|
101,112
|
|
|
|
|
197,584
|
|
Application Software-8.92%
|
|||
|
Adobe, Inc.(b)
|
|
74,275
|
21,781,144
|
|
Alarm.com Holdings, Inc.(b)
|
|
8,826
|
430,532
|
|
Box, Inc., Class A(b)(c)
|
|
25,676
|
650,887
|
|
Consensus Cloud Solutions, Inc.(b)(c)
|
|
3,324
|
71,001
|
|
DocuSign, Inc.(b)
|
|
35,728
|
1,877,149
|
|
Dropbox, Inc., Class A(b)(c)
|
|
32,410
|
825,807
|
|
Open Text Corp. (Canada)
|
|
44,753
|
1,142,544
|
|
Salesforce, Inc.
|
|
122,634
|
26,033,972
|
|
SPS Commerce, Inc.(b)
|
|
6,706
|
598,577
|
|
Unity Software, Inc.(b)
|
|
75,959
|
2,210,407
|
|
Zoom Communications, Inc., Class A(b)
|
|
47,141
|
4,341,686
|
|
|
|
|
59,963,706
|
|
Broadline Retail-16.80%
|
|||
|
Alibaba Group Holding Ltd., ADR (China)(c)
|
|
98,290
|
16,666,053
|
|
Amazon.com, Inc.(b)
|
|
242,547
|
58,041,497
|
|
Coupang, Inc. (South Korea)(b)
|
|
296,261
|
5,972,622
|
|
eBay, Inc.
|
|
80,265
|
7,321,773
|
|
Etsy, Inc.(b)
|
|
17,565
|
930,242
|
|
Global-e Online Ltd. (Israel)(b)
|
|
30,128
|
1,101,179
|
|
JD.com, Inc., ADR (China)
|
|
84,915
|
2,418,379
|
|
MercadoLibre, Inc. (Brazil)(b)
|
|
8,984
|
19,295,745
|
|
Vipshop Holdings Ltd., ADR (China)
|
|
72,721
|
1,244,256
|
|
|
|
|
112,991,746
|
|
Casinos & Gaming-0.36%
|
|||
|
DraftKings, Inc., Class A(b)(c)
|
|
88,414
|
2,432,269
|
|
Commercial Printing-0.05%
|
|||
|
Cimpress PLC (Ireland)(b)(c)
|
|
4,419
|
349,499
|
|
Financial Exchanges & Data-1.17%
|
|||
|
Coinbase Global, Inc., Class A(b)
|
|
40,495
|
7,885,996
|
|
Health Care Technology-0.03%
|
|||
|
GoodRx Holdings, Inc., Class A(b)(c)
|
|
18,756
|
42,576
|
|
Teladoc Health, Inc.(b)(c)
|
|
31,509
|
171,724
|
|
|
|
|
214,300
|
|
Homefurnishing Retail-0.30%
|
|||
|
Bed Bath & Beyond, Inc.(b)(c)
|
|
12,259
|
72,451
|
|
Wayfair, Inc., Class A(b)(c)
|
|
19,010
|
1,967,345
|
|
|
|
|
2,039,796
|
|
Hotels, Resorts & Cruise Lines-7.08%
|
|||
|
Airbnb, Inc., Class A(b)
|
|
75,453
|
9,761,355
|
|
Booking Holdings, Inc.
|
|
5,723
|
28,625,530
|
|
Expedia Group, Inc.
|
|
20,754
|
5,496,489
|
|
MakeMyTrip Ltd. (India)(b)(c)
|
|
15,970
|
996,209
|
|
Trip.com Group Ltd., ADR (China)(c)
|
|
44,172
|
2,710,836
|
|
|
|
|
47,590,419
|
|
Human Resource & Employment Services-0.19%
|
|||
|
Paylocity Holding Corp.(b)
|
|
9,696
|
1,308,766
|
|
Interactive Home Entertainment-4.06%
|
|||
|
Electronic Arts, Inc.
|
|
44,385
|
9,050,989
|
|
NetEase, Inc., ADR (China)
|
|
14,728
|
1,897,409
|
|
|
Shares
|
Value
|
|
|
Interactive Home Entertainment-(continued)
|
|||
|
Roblox Corp., Class A(b)
|
|
116,216
|
$7,642,364
|
|
Sea Ltd., ADR (Singapore)(b)
|
|
74,563
|
8,685,844
|
|
|
|
|
27,276,606
|
|
Interactive Media & Services-20.25%
|
|||
|
Alphabet, Inc., Class C
|
|
176,680
|
59,811,480
|
|
Autohome, Inc., ADR (China)
|
|
12,008
|
264,656
|
|
Baidu, Inc., ADR (China)(b)(c)
|
|
21,643
|
3,315,275
|
|
Bilibili, Inc., ADR (China)(b)(c)
|
|
20,891
|
711,130
|
|
Bumble, Inc., Class A(b)(c)
|
|
20,045
|
67,151
|
|
Cars.com, Inc.(b)(c)
|
|
10,629
|
120,745
|
|
Meta Platforms, Inc., Class A
|
|
87,253
|
62,516,774
|
|
Pinterest, Inc., Class A(b)
|
|
105,740
|
2,340,026
|
|
Reddit, Inc., Class A(b)
|
|
24,428
|
4,403,636
|
|
Snap, Inc., Class A(b)
|
|
260,045
|
1,802,112
|
|
TripAdvisor, Inc.(b)(c)
|
|
20,734
|
275,555
|
|
Yelp, Inc.(b)
|
|
10,954
|
299,920
|
|
Ziff Davis, Inc.(b)(c)
|
|
7,053
|
269,566
|
|
|
|
|
136,198,026
|
|
Internet Services & Infrastructure-5.34%
|
|||
|
Akamai Technologies, Inc.(b)
|
|
25,577
|
2,484,806
|
|
Fastly, Inc., Class A(b)(c)
|
|
26,549
|
245,578
|
|
GoDaddy, Inc., Class A(b)
|
|
24,025
|
2,414,993
|
|
Okta, Inc.(b)(c)
|
|
29,884
|
2,524,600
|
|
Shopify, Inc., Class A (Canada)(b)
|
|
178,285
|
23,396,340
|
|
VeriSign, Inc.
|
|
16,404
|
4,006,349
|
|
Wix.com Ltd. (Israel)(b)
|
|
9,758
|
847,385
|
|
|
|
|
35,920,051
|
|
Movies & Entertainment-10.85%
|
|||
|
Netflix, Inc.(b)
|
|
262,851
|
21,945,430
|
|
Roku, Inc., Class A(b)(c)
|
|
23,186
|
2,207,307
|
|
Spotify Technology S.A. (Sweden)(b)
|
|
36,537
|
18,281,288
|
|
Walt Disney Co. (The)
|
|
270,674
|
30,532,027
|
|
|
|
|
72,966,052
|
|
Other Specialty Retail-0.18%
|
|||
|
1-800-Flowers.com, Inc., Class A(b)(c)
|
|
6,492
|
28,045
|
|
Chewy, Inc., Class A(b)
|
|
39,991
|
1,164,138
|
|
|
|
|
1,192,183
|
|
Passenger Ground Transportation-4.47%
|
|||
|
Grab Holdings Ltd., Class A (Singapore)(b)(c)
|
|
703,881
|
3,026,688
|
|
Lyft, Inc., Class A(b)
|
|
70,904
|
1,196,151
|
|
Uber Technologies, Inc.(b)
|
|
323,026
|
25,858,231
|
|
|
|
|
30,081,070
|
|
Real Estate Services-1.00%
|
|||
|
CoStar Group, Inc.(b)
|
|
75,284
|
4,629,966
|
|
Zillow Group, Inc., Class C(b)
|
|
33,080
|
2,085,032
|
|
|
|
|
6,714,998
|
|
Restaurants-2.19%
|
|||
|
DoorDash, Inc., Class A(b)
|
|
72,137
|
14,760,673
|
|
Systems Software-7.49%
|
|||
|
GitLab, Inc., Class A(b)(c)
|
|
26,259
|
918,540
|
|
Microsoft Corp.
|
|
114,935
|
49,455,381
|
|
|
|
|
50,373,921
|
|
Technology Hardware, Storage & Peripherals-7.82%
|
|||
|
Apple, Inc.
|
|
202,826
|
52,629,291
|
|
|
Shares
|
Value
|
|
|
Transaction & Payment Processing Services-1.36%
|
|||
|
Dlocal Ltd. (Uruguay)
|
|
29,461
|
$396,545
|
|
PayPal Holdings, Inc.
|
|
166,067
|
8,750,070
|
|
|
|
|
9,146,615
|
|
Total Common Stocks & Other Equity Interests
(Cost $540,154,505)
|
672,420,609
|
||
|
Money Market Funds-0.05%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $348,411)
|
|
348,411
|
348,411
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.02%
(Cost $540,502,916)
|
672,769,020
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral
from Securities on Loan
|
|||
|
Money Market Funds-4.79%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
8,823,822
|
$8,823,822
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
23,379,815
|
23,386,829
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $32,210,651)
|
32,210,651
|
||
|
TOTAL INVESTMENTS IN SECURITIES-104.81%
(Cost $572,713,567)
|
704,979,671
|
||
|
OTHER ASSETS LESS LIABILITIES-(4.81)%
|
(32,366,984
)
|
||
|
NET ASSETS-100.00%
|
$672,612,687
|
||
|
Investment Abbreviations:
|
|
|
ADR
|
-American Depositary Receipt
|
|
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
|
$160,647
|
$3,287,016
|
$(3,099,252
)
|
$-
|
$-
|
$348,411
|
$6,278
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
16,131,440
|
147,602,962
|
(154,910,580
)
|
-
|
-
|
8,823,822
|
322,828
*
|
|
Invesco Private Prime Fund
|
41,870,189
|
336,339,570
|
(354,826,729
)
|
351
|
3,448
|
23,386,829
|
876,919
*
|
|
Total
|
$58,162,276
|
$487,229,548
|
$(512,836,561
)
|
$351
|
$3,448
|
$32,559,062
|
$1,206,025
|
|
*
|
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.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Dorsey Wright Basic Materials Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$90,865,432
|
$-
|
$-
|
$90,865,432
|
|
Money Market Funds
|
186,338
|
10,672,273
|
-
|
10,858,611
|
|
Total Investments
|
$91,051,770
|
$10,672,273
|
$-
|
$101,724,043
|
|
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$24,665,276
|
$-
|
$-
|
$24,665,276
|
|
Money Market Funds
|
144,741
|
2,831,904
|
-
|
2,976,645
|
|
Total Investments
|
$24,810,017
|
$2,831,904
|
$-
|
$27,641,921
|
|
Invesco Dorsey Wright Consumer Staples Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$90,392,207
|
$-
|
$-
|
$90,392,207
|
|
Money Market Funds
|
150,302
|
8,566,360
|
-
|
8,716,662
|
|
Total Investments
|
$90,542,509
|
$8,566,360
|
$-
|
$99,108,869
|
|
Invesco Dorsey Wright Energy Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$42,394,493
|
$-
|
$-
|
$42,394,493
|
|
Money Market Funds
|
136,009
|
5,756,266
|
-
|
5,892,275
|
|
Total Investments
|
$42,530,502
|
$5,756,266
|
$-
|
$48,286,768
|
|
Invesco Dorsey Wright Financial Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$55,852,240
|
$-
|
$-
|
$55,852,240
|
|
Money Market Funds
|
98,449
|
3,853,102
|
-
|
3,951,551
|
|
Total Investments
|
$55,950,689
|
$3,853,102
|
$-
|
$59,803,791
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco Dorsey Wright Healthcare Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$121,331,511
|
$-
|
$-
|
$121,331,511
|
|
Money Market Funds
|
162,791
|
39,022,834
|
-
|
39,185,625
|
|
Total Investments
|
$121,494,302
|
$39,022,834
|
$-
|
$160,517,136
|
|
Invesco Dorsey Wright Industrials Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$327,782,342
|
$-
|
$-
|
$327,782,342
|
|
Money Market Funds
|
250,354
|
39,592,891
|
-
|
39,843,245
|
|
Total Investments
|
$328,032,696
|
$39,592,891
|
$-
|
$367,625,587
|
|
Invesco Dorsey Wright Technology Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$401,153,629
|
$-
|
$-
|
$401,153,629
|
|
Money Market Funds
|
336,939
|
60,645,904
|
-
|
60,982,843
|
|
Total Investments
|
$401,490,568
|
$60,645,904
|
$-
|
$462,136,472
|
|
Invesco Dorsey Wright Utilities Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$49,387,861
|
$-
|
$-
|
$49,387,861
|
|
Money Market Funds
|
122,213
|
3,117,009
|
-
|
3,239,222
|
|
Total Investments
|
$49,510,074
|
$3,117,009
|
$-
|
$52,627,083
|
|
Invesco NASDAQ Internet ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$672,420,609
|
$-
|
$-
|
$672,420,609
|
|
Money Market Funds
|
348,411
|
32,210,651
|
-
|
32,559,062
|
|
Total Investments
|
$672,769,020
|
$32,210,651
|
$-
|
$704,979,671
|