|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.99%
|
|||
|
Communication Services-6.74%
|
|||
|
Alphabet, Inc., Class A
|
|
55,788
|
$18,856,344
|
|
Alphabet, Inc., Class C
|
|
44,486
|
15,059,846
|
|
Meta Platforms, Inc., Class A
|
|
36,790
|
26,360,035
|
|
Netflix, Inc.(b)
|
|
184,507
|
15,404,489
|
|
TKO Group Holdings, Inc.
|
|
168,052
|
34,043,974
|
|
|
|
|
109,724,688
|
|
Consumer Discretionary-19.94%
|
|||
|
Booking Holdings, Inc.
|
|
3,327
|
16,641,122
|
|
Carnival Corp.(b)
|
|
1,069,546
|
32,107,771
|
|
DoorDash, Inc., Class A(b)
|
|
107,372
|
21,970,458
|
|
Expedia Group, Inc.
|
|
99,558
|
26,366,941
|
|
Hilton Worldwide Holdings, Inc.
|
|
77,417
|
23,109,749
|
|
Las Vegas Sands Corp.
|
|
481,188
|
25,373,043
|
|
Marriott International, Inc., Class A
|
|
65,477
|
20,644,898
|
|
O’Reilly Automotive, Inc.(b)
|
|
177,409
|
17,458,820
|
|
Ralph Lauren Corp.
|
|
78,208
|
27,639,489
|
|
Royal Caribbean Cruises Ltd.
|
|
97,094
|
31,521,567
|
|
Tapestry, Inc.
|
|
215,258
|
27,318,393
|
|
Ulta Beauty, Inc.(b)
|
|
36,319
|
23,511,468
|
|
Wynn Resorts Ltd.
|
|
286,780
|
30,814,511
|
|
|
|
|
324,478,230
|
|
Consumer Staples-1.35%
|
|||
|
Monster Beverage Corp.(b)
|
|
272,838
|
22,034,397
|
|
Financials-6.81%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
91,510
|
43,973,300
|
|
Interactive Brokers Group, Inc., Class A
|
|
485,460
|
36,351,245
|
|
Robinhood Markets, Inc., Class A(b)
|
|
306,025
|
30,443,367
|
|
|
|
|
110,767,912
|
|
Health Care-9.91%
|
|||
|
Eli Lilly and Co.
|
|
32,561
|
33,770,641
|
|
HCA Healthcare, Inc.
|
|
68,211
|
33,305,385
|
|
IDEXX Laboratories, Inc.(b)
|
|
36,833
|
24,695,053
|
|
Incyte Corp.(b)
|
|
315,449
|
31,566,981
|
|
Insulet Corp.(b)
|
|
92,655
|
23,702,076
|
|
Intuitive Surgical, Inc.(b)
|
|
28,350
|
14,294,637
|
|
|
|
|
161,334,773
|
|
Industrials-16.93%
|
|||
|
Caterpillar, Inc.
|
|
30,875
|
20,295,990
|
|
Comfort Systems USA, Inc.
|
|
40,326
|
46,056,325
|
|
EMCOR Group, Inc.
|
|
41,381
|
29,824,528
|
|
GE Vernova, Inc.
|
|
35,185
|
25,557,329
|
|
Howmet Aerospace, Inc.
|
|
174,054
|
36,217,156
|
|
Quanta Services, Inc.
|
|
57,010
|
27,058,656
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Rollins, Inc.
|
|
263,466
|
$16,687,936
|
|
RTX Corp.
|
|
144,417
|
29,017,708
|
|
TransDigm Group, Inc.
|
|
14,302
|
20,416,677
|
|
Uber Technologies, Inc.(b)
|
|
303,932
|
24,329,757
|
|
|
|
|
275,462,062
|
|
Information Technology-33.84%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
108,526
|
25,691,360
|
|
Amphenol Corp., Class A
|
|
275,535
|
39,699,083
|
|
Applied Materials, Inc.
|
|
63,332
|
20,413,170
|
|
AppLovin Corp., Class A(b)
|
|
58,441
|
27,649,022
|
|
Arista Networks, Inc.(b)
|
|
226,826
|
32,150,317
|
|
Broadcom, Inc.
|
|
84,501
|
27,995,181
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
68,430
|
30,205,344
|
|
Datadog, Inc., Class A(b)
|
|
139,370
|
18,023,328
|
|
First Solar, Inc.(b)
|
|
133,560
|
30,120,451
|
|
KLA Corp.
|
|
24,247
|
34,623,261
|
|
Lam Research Corp.
|
|
130,948
|
30,571,120
|
|
Micron Technology, Inc.
|
|
86,495
|
35,885,046
|
|
Microsoft Corp.
|
|
32,323
|
13,908,264
|
|
Monolithic Power Systems, Inc.
|
|
35,560
|
39,974,774
|
|
NVIDIA Corp.
|
|
166,433
|
31,810,339
|
|
Palantir Technologies, Inc., Class A(b)
|
|
217,374
|
31,864,855
|
|
Sandisk Corp.(b)
|
|
108,897
|
62,751,896
|
|
VeriSign, Inc.
|
|
70,726
|
17,273,411
|
|
|
|
|
550,610,222
|
|
Materials-1.90%
|
|||
|
Newmont Corp.
|
|
275,678
|
30,972,423
|
|
Real Estate-1.17%
|
|||
|
Welltower, Inc.
|
|
100,774
|
18,981,791
|
|
Utilities-1.40%
|
|||
|
Vistra Corp.
|
|
144,116
|
22,820,769
|
|
Total Common Stocks & Other Equity Interests
(Cost $1,326,906,929)
|
1,627,187,267
|
||
|
Money Market Funds-0.04%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(c)(d)
(Cost $583,008)
|
|
583,008
|
583,008
|
|
TOTAL INVESTMENTS IN SECURITIES-100.03%
(Cost $1,327,489,937)
|
1,627,770,275
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.03)%
|
(417,684
)
|
||
|
NET ASSETS-100.00%
|
$1,627,352,591
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the 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
|
$493,940
|
$9,106,124
|
$(9,017,056
)
|
$-
|
$-
|
$583,008
|
$21,310
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
47,213,890
|
261,917,310
|
(309,131,200
)
|
-
|
-
|
-
|
803,081
*
|
|
Invesco Private Prime
Fund
|
122,543,494
|
469,371,132
|
(591,928,631
)
|
2,353
|
11,652
|
-
|
2,206,727
*
|
|
Total
|
$170,251,324
|
$740,394,566
|
$(910,076,887
)
|
$2,353
|
$11,652
|
$583,008
|
$3,031,118
|
|
*
|
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 January 31, 2026.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.97%
|
|||
|
Communication Services-6.27%
|
|||
|
AT&T, Inc.
|
|
348,195
|
$9,126,191
|
|
Charter Communications, Inc., Class A(b)(c)
|
|
92,958
|
19,160,503
|
|
Comcast Corp., Class A
|
|
741,495
|
22,059,476
|
|
News Corp., Class A
|
|
181,405
|
4,903,377
|
|
News Corp., Class B(c)
|
|
60,642
|
1,885,966
|
|
Omnicom Group, Inc.
|
|
103,418
|
7,967,323
|
|
Paramount Skydance Corp.(c)
|
|
1,546,732
|
17,338,866
|
|
Verizon Communications, Inc.
|
|
243,702
|
10,849,613
|
|
Walt Disney Co. (The)
|
|
58,113
|
6,555,146
|
|
Warner Bros. Discovery, Inc.(b)
|
|
221,196
|
6,091,738
|
|
|
|
|
105,938,199
|
|
Consumer Discretionary-7.85%
|
|||
|
Aptiv PLC(b)
|
|
130,735
|
9,903,176
|
|
Best Buy Co., Inc.(c)
|
|
207,530
|
13,510,203
|
|
D.R. Horton, Inc.
|
|
44,806
|
6,668,925
|
|
Ford Motor Co.
|
|
2,503,930
|
34,754,548
|
|
General Motors Co.
|
|
385,467
|
32,379,228
|
|
Genuine Parts Co.
|
|
55,647
|
7,734,377
|
|
Lennar Corp., Class A
|
|
104,757
|
11,455,178
|
|
MGM Resorts International(b)
|
|
274,313
|
9,200,458
|
|
PulteGroup, Inc.
|
|
56,866
|
7,113,368
|
|
|
|
|
132,719,461
|
|
Consumer Staples-15.52%
|
|||
|
Archer-Daniels-Midland Co.
|
|
503,139
|
33,866,286
|
|
Bunge Global S.A.
|
|
357,986
|
40,767,446
|
|
Campbell’s Co. (The)
|
|
319,399
|
8,936,784
|
|
Conagra Brands, Inc.
|
|
1,275,844
|
23,615,872
|
|
Dollar General Corp.
|
|
96,206
|
13,798,827
|
|
Hormel Foods Corp.(c)
|
|
456,659
|
11,238,378
|
|
Keurig Dr Pepper, Inc.
|
|
222,147
|
6,095,714
|
|
Kraft Heinz Co. (The)
|
|
748,775
|
17,775,918
|
|
Kroger Co. (The)
|
|
338,317
|
21,263,223
|
|
Molson Coors Beverage Co., Class B
|
|
324,466
|
15,587,347
|
|
Sysco Corp.
|
|
156,209
|
13,098,125
|
|
Target Corp.
|
|
221,771
|
23,390,187
|
|
Tyson Foods, Inc., Class A(c)
|
|
503,316
|
32,881,634
|
|
|
|
|
262,315,741
|
|
Energy-9.00%
|
|||
|
APA Corp.
|
|
494,015
|
13,046,936
|
|
Chevron Corp.
|
|
54,454
|
9,632,913
|
|
ConocoPhillips
|
|
74,430
|
7,757,839
|
|
Coterra Energy, Inc.
|
|
277,210
|
7,997,508
|
|
Devon Energy Corp.
|
|
256,381
|
10,309,080
|
|
Diamondback Energy, Inc.
|
|
67,349
|
11,041,869
|
|
Exxon Mobil Corp.
|
|
54,280
|
7,675,192
|
|
Halliburton Co.
|
|
278,535
|
9,336,493
|
|
Marathon Petroleum Corp.
|
|
81,972
|
14,442,647
|
|
Occidental Petroleum Corp.
|
|
205,264
|
9,316,933
|
|
ONEOK, Inc.(c)
|
|
87,339
|
6,916,375
|
|
Phillips 66
|
|
137,876
|
19,793,479
|
|
SLB Ltd.
|
|
153,740
|
7,437,941
|
|
Valero Energy Corp.
|
|
95,636
|
17,351,239
|
|
|
|
|
152,056,444
|
|
Financials-19.84%
|
|||
|
Allstate Corp. (The)
|
|
52,318
|
10,410,759
|
|
American International Group, Inc.
|
|
179,937
|
13,473,683
|
|
Arch Capital Group Ltd.(b)
|
|
95,647
|
9,185,938
|
|
Assurant, Inc.
|
|
44,745
|
10,655,127
|
|
Bank of America Corp.
|
|
117,087
|
6,229,028
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Block, Inc., Class A(b)
|
|
105,539
|
$6,377,722
|
|
Capital One Financial Corp.
|
|
27,294
|
5,975,475
|
|
Chubb Ltd.
|
|
24,099
|
7,460,086
|
|
Citigroup, Inc.
|
|
122,248
|
14,145,316
|
|
Citizens Financial Group, Inc.
|
|
210,621
|
13,264,911
|
|
Everest Group Ltd.
|
|
73,767
|
24,437,532
|
|
Fifth Third Bancorp
|
|
130,012
|
6,529,203
|
|
Fiserv, Inc.(b)
|
|
164,987
|
10,514,622
|
|
Franklin Resources, Inc.
|
|
672,740
|
17,908,339
|
|
Global Payments, Inc.
|
|
238,661
|
17,121,540
|
|
Hartford Insurance Group, Inc. (The)
|
|
51,384
|
6,939,923
|
|
Huntington Bancshares, Inc.
|
|
533,786
|
9,330,579
|
|
Invesco Ltd.(d)
|
|
528,974
|
14,435,700
|
|
KeyCorp
|
|
438,582
|
9,438,285
|
|
Loews Corp.
|
|
126,464
|
13,350,804
|
|
M&T Bank Corp.
|
|
51,140
|
11,331,090
|
|
MetLife, Inc.
|
|
173,494
|
13,685,207
|
|
PNC Financial Services Group, Inc. (The)
|
|
33,935
|
7,577,686
|
|
Principal Financial Group, Inc.
|
|
112,993
|
10,702,697
|
|
Prudential Financial, Inc.
|
|
171,583
|
19,064,587
|
|
Regions Financial Corp.
|
|
316,228
|
9,012,498
|
|
State Street Corp.
|
|
62,568
|
8,187,648
|
|
Travelers Cos., Inc. (The)
|
|
25,169
|
7,160,832
|
|
Truist Financial Corp.
|
|
248,879
|
12,797,358
|
|
U.S. Bancorp
|
|
152,640
|
8,564,630
|
|
|
|
|
335,268,805
|
|
Health Care-17.38%
|
|||
|
Baxter International, Inc.(c)
|
|
683,516
|
13,718,166
|
|
Biogen, Inc.(b)
|
|
38,305
|
6,890,687
|
|
Cardinal Health, Inc.
|
|
83,447
|
17,931,091
|
|
Cencora, Inc.
|
|
48,575
|
17,449,112
|
|
Centene Corp.(b)
|
|
739,854
|
32,050,475
|
|
Cigna Group (The)
|
|
105,028
|
28,789,225
|
|
CVS Health Corp.
|
|
360,029
|
26,829,361
|
|
Elevance Health, Inc.
|
|
70,960
|
24,533,711
|
|
Henry Schein, Inc.(b)
|
|
132,721
|
10,017,781
|
|
Humana, Inc.
|
|
108,187
|
21,118,102
|
|
McKesson Corp.
|
|
20,490
|
17,031,493
|
|
Molina Healthcare, Inc.(b)
|
|
171,627
|
30,822,493
|
|
Pfizer, Inc.
|
|
254,499
|
6,728,954
|
|
UnitedHealth Group, Inc.
|
|
29,514
|
8,468,452
|
|
Universal Health Services, Inc., Class B
|
|
44,038
|
8,863,088
|
|
Viatris, Inc.
|
|
1,274,946
|
16,689,043
|
|
Zimmer Biomet Holdings, Inc.
|
|
67,646
|
5,889,937
|
|
|
|
|
293,821,171
|
|
Industrials-5.67%
|
|||
|
Builders FirstSource, Inc.(b)
|
|
73,725
|
8,434,140
|
|
Delta Air Lines, Inc.
|
|
190,412
|
12,546,247
|
|
FedEx Corp.
|
|
37,759
|
12,167,838
|
|
Huntington Ingalls Industries, Inc.
|
|
20,971
|
8,818,515
|
|
Southwest Airlines Co.
|
|
261,743
|
12,438,027
|
|
Stanley Black & Decker, Inc.(c)
|
|
231,154
|
18,182,573
|
|
Textron, Inc.
|
|
101,114
|
8,904,099
|
|
United Airlines Holdings, Inc.(b)
|
|
139,699
|
14,294,002
|
|
|
|
|
95,785,441
|
|
Information Technology-1.39%
|
|||
|
Hewlett Packard Enterprise Co.
|
|
629,612
|
13,549,250
|
|
HP, Inc.
|
|
512,356
|
9,960,201
|
|
|
|
|
23,509,451
|
|
|
Shares
|
Value
|
|
|
Materials-11.45%
|
|||
|
Amcor PLC(c)
|
|
275,896
|
$12,208,398
|
|
Ball Corp.
|
|
133,353
|
7,583,785
|
|
Dow, Inc.
|
|
1,132,779
|
31,208,062
|
|
DuPont de Nemours, Inc.
|
|
539,146
|
23,679,292
|
|
International Flavors & Fragrances, Inc.
|
|
137,650
|
9,609,347
|
|
International Paper Co.
|
|
401,136
|
16,173,804
|
|
LyondellBasell Industries N.V., Class A
|
|
460,285
|
22,553,965
|
|
Mosaic Co. (The)
|
|
1,284,882
|
35,334,255
|
|
Nucor Corp.
|
|
52,652
|
9,357,313
|
|
Smurfit WestRock PLC(c)
|
|
621,697
|
25,881,246
|
|
|
|
|
193,589,467
|
|
Real Estate-1.73%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
365,864
|
19,990,809
|
|
VICI Properties, Inc.
|
|
329,705
|
9,258,116
|
|
|
|
|
29,248,925
|
|
Utilities-3.87%
|
|||
|
AES Corp. (The)
|
|
685,037
|
10,035,792
|
|
Consolidated Edison, Inc.
|
|
75,974
|
8,101,108
|
|
Edison International
|
|
194,187
|
12,093,966
|
|
Eversource Energy
|
|
106,222
|
7,343,127
|
|
Exelon Corp.
|
|
146,147
|
6,544,463
|
|
PG&E Corp.
|
|
865,055
|
13,339,148
|
|
Pinnacle West Capital Corp.
|
|
84,270
|
7,884,301
|
|
|
|
|
65,341,905
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.97%
(Cost $1,640,718,782)
|
1,689,595,010
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-3.05%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
14,325,074
|
$14,325,074
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
37,215,625
|
37,226,790
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $51,551,864)
|
51,551,864
|
||
|
TOTAL INVESTMENTS IN SECURITIES-103.02%
(Cost $1,692,270,646)
|
1,741,146,874
|
||
|
OTHER ASSETS LESS LIABILITIES-(3.02)%
|
(51,044,709
)
|
||
|
NET ASSETS-100.00%
|
$1,690,102,165
|
||
|
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
|
|
Invesco Ltd.
|
$14,111,243
|
$7,146,013
|
$(19,859,446
)
|
$8,638,250
|
$4,399,640
|
$14,435,700
|
$631,693
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
417,307
|
33,494,838
|
(33,912,145
)
|
-
|
-
|
-
|
27,164
|
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$16,575,638
|
$202,526,968
|
$(204,777,532
)
|
$-
|
$-
|
$14,325,074
|
$394,547
*
|
|
Invesco Private Prime
Fund
|
43,094,869
|
387,293,080
|
(393,160,414
)
|
3,053
|
(3,798
)
|
37,226,790
|
1,041,478
*
|
|
Total
|
$74,199,057
|
$630,460,899
|
$(651,709,537
)
|
$8,641,303
|
$4,395,842
|
$65,987,564
|
$2,094,882
|
|
*
|
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-99.94%
|
|||
|
Communication Services-16.70%
|
|||
|
Alphabet, Inc., Class A
|
|
1,849,468
|
$625,120,184
|
|
Alphabet, Inc., Class C
|
|
1,478,172
|
500,405,567
|
|
AT&T, Inc.
|
|
2,253,613
|
59,067,197
|
|
Meta Platforms, Inc., Class A
|
|
692,264
|
496,007,156
|
|
Netflix, Inc.(b)
|
|
1,347,017
|
112,462,449
|
|
Verizon Communications, Inc.
|
|
1,340,327
|
59,671,358
|
|
Walt Disney Co. (The)
|
|
567,541
|
64,018,625
|
|
|
|
|
1,916,752,536
|
|
Consumer Discretionary-11.45%
|
|||
|
Amazon.com, Inc.(b)
|
|
3,092,417
|
740,015,388
|
|
Home Depot, Inc. (The)
|
|
316,455
|
118,540,879
|
|
McDonald’s Corp.
|
|
226,334
|
71,295,210
|
|
Tesla, Inc.(b)
|
|
893,229
|
384,454,694
|
|
|
|
|
1,314,306,171
|
|
Consumer Staples-5.74%
|
|||
|
Coca-Cola Co. (The)
|
|
1,230,713
|
92,069,640
|
|
Costco Wholesale Corp.
|
|
140,913
|
132,493,448
|
|
PepsiCo, Inc.
|
|
434,704
|
66,783,576
|
|
Philip Morris International, Inc.
|
|
494,893
|
88,803,600
|
|
Procter & Gamble Co. (The)
|
|
742,839
|
112,740,675
|
|
Walmart, Inc.
|
|
1,393,903
|
166,069,603
|
|
|
|
|
658,960,542
|
|
Energy-2.58%
|
|||
|
Chevron Corp.
|
|
601,656
|
106,432,946
|
|
Exxon Mobil Corp.
|
|
1,340,564
|
189,555,750
|
|
|
|
|
295,988,696
|
|
Financials-10.03%
|
|||
|
Bank of America Corp.
|
|
2,135,620
|
113,614,984
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
582,913
|
280,107,184
|
|
Goldman Sachs Group, Inc. (The)
|
|
95,329
|
89,171,700
|
|
JPMorgan Chase & Co.
|
|
865,374
|
264,709,253
|
|
Mastercard, Inc., Class A
|
|
260,707
|
140,466,324
|
|
Visa, Inc., Class A
|
|
536,416
|
172,634,761
|
|
Wells Fargo & Co.
|
|
997,910
|
90,300,876
|
|
|
|
|
1,151,005,082
|
|
Health Care-7.39%
|
|||
|
Abbott Laboratories
|
|
552,819
|
60,423,117
|
|
AbbVie, Inc.
|
|
561,810
|
125,289,248
|
|
Eli Lilly and Co.
|
|
252,437
|
261,815,035
|
|
|
Shares
|
Value
|
|
|
Health Care-(continued)
|
|||
|
Intuitive Surgical, Inc.(b)
|
|
112,661
|
$56,805,929
|
|
Johnson & Johnson
|
|
765,931
|
174,057,820
|
|
Merck & Co., Inc.
|
|
788,939
|
86,996,303
|
|
UnitedHealth Group, Inc.
|
|
287,926
|
82,614,607
|
|
|
|
|
848,002,059
|
|
Industrials-1.75%
|
|||
|
Caterpillar, Inc.
|
|
148,716
|
97,759,950
|
|
General Electric Co.
|
|
335,342
|
102,879,572
|
|
|
|
|
200,639,522
|
|
Information Technology-43.71%
|
|||
|
Accenture PLC, Class A
|
|
197,151
|
51,976,890
|
|
Adobe, Inc.(b)
|
|
133,045
|
39,015,446
|
|
Advanced Micro Devices, Inc.(b)
|
|
517,477
|
122,502,330
|
|
Apple, Inc.
|
|
4,697,192
|
1,218,827,380
|
|
Broadcom, Inc.
|
|
1,501,195
|
497,345,904
|
|
Cisco Systems, Inc.
|
|
1,252,753
|
98,115,615
|
|
International Business Machines Corp.
|
|
297,176
|
91,143,879
|
|
Intuit, Inc.
|
|
88,568
|
44,188,347
|
|
Microsoft Corp.
|
|
2,362,647
|
1,016,623,378
|
|
NVIDIA Corp.
|
|
7,724,572
|
1,476,397,446
|
|
Oracle Corp.
|
|
534,679
|
87,997,470
|
|
Palantir Technologies, Inc., Class A(b)
|
|
726,202
|
106,453,951
|
|
Salesforce, Inc.
|
|
302,567
|
64,231,948
|
|
ServiceNow, Inc.(b)
|
|
329,771
|
38,586,505
|
|
Texas Instruments, Inc.
|
|
288,817
|
62,254,504
|
|
|
|
|
5,015,660,993
|
|
Materials-0.59%
|
|||
|
Linde PLC
|
|
148,386
|
67,807,950
|
|
Total Common Stocks & Other Equity Interests
(Cost $9,083,723,442)
|
11,469,123,551
|
||
|
Money Market Funds-0.02%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(c)(d)
(Cost $2,078,575)
|
|
2,078,575
|
2,078,575
|
|
TOTAL INVESTMENTS IN SECURITIES-99.96%
(Cost $9,085,802,017)
|
11,471,202,126
|
||
|
OTHER ASSETS LESS LIABILITIES-0.04%
|
4,400,347
|
||
|
NET ASSETS-100.00%
|
$11,475,602,473
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the 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
|
$3,450,520
|
$100,920,126
|
$(102,292,071
)
|
$-
|
$-
|
$2,078,575
|
$188,675
|
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$1,987,552
|
$6,447,095
|
$(8,434,647
)
|
$-
|
$-
|
$-
|
$4,838
*
|
|
Invesco Private Prime Fund
|
4,447,929
|
16,956,541
|
(21,404,470
)
|
370
|
(370
)
|
-
|
12,884
*
|
|
Total
|
$9,886,001
|
$124,323,762
|
$(132,131,188
)
|
$370
|
$(370
)
|
$2,078,575
|
$206,397
|
|
*
|
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 January 31, 2026.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.94%
|
|||
|
Communication Services-2.42%
|
|||
|
EchoStar Corp., Class A(b)(c)
|
|
48,584
|
$5,500,680
|
|
New York Times Co. (The), Class A
|
|
25,273
|
1,852,764
|
|
|
|
|
7,353,444
|
|
Consumer Discretionary-10.48%
|
|||
|
Boyd Gaming Corp.
|
|
41,900
|
3,542,226
|
|
Churchill Downs, Inc.
|
|
16,324
|
1,605,629
|
|
Five Below, Inc.(b)
|
|
26,840
|
5,143,618
|
|
Grand Canyon Education, Inc.(b)
|
|
9,806
|
1,704,675
|
|
Hilton Grand Vacations, Inc.(b)(c)
|
|
65,465
|
2,953,126
|
|
Ollie’s Bargain Outlet Holdings, Inc.(b)
|
|
22,697
|
2,503,706
|
|
Planet Fitness, Inc., Class A(b)
|
|
24,715
|
2,250,054
|
|
Somnigroup International, Inc.
|
|
38,780
|
3,406,823
|
|
TopBuild Corp.(b)
|
|
3,215
|
1,504,781
|
|
Travel + Leisure Co.
|
|
40,565
|
2,820,890
|
|
Valvoline, Inc.(b)(c)
|
|
65,984
|
2,158,996
|
|
Wingstop, Inc.(c)
|
|
8,406
|
2,231,204
|
|
|
|
|
31,825,728
|
|
Consumer Staples-3.38%
|
|||
|
Casey’s General Stores, Inc.
|
|
3,301
|
2,002,056
|
|
Celsius Holdings, Inc.(b)(c)
|
|
121,540
|
6,378,419
|
|
Coca-Cola Consolidated, Inc.
|
|
12,415
|
1,887,825
|
|
|
|
|
10,268,300
|
|
Energy-3.99%
|
|||
|
Antero Midstream Corp.
|
|
89,650
|
1,687,213
|
|
TechnipFMC PLC (United Kingdom)
|
|
108,178
|
6,027,678
|
|
Valaris Ltd.(b)(c)
|
|
76,212
|
4,399,719
|
|
|
|
|
12,114,610
|
|
Financials-3.77%
|
|||
|
Affiliated Managers Group, Inc.
|
|
7,884
|
2,468,402
|
|
Federated Hermes, Inc., Class B(c)
|
|
49,957
|
2,661,709
|
|
FirstCash Holdings, Inc.
|
|
25,373
|
4,326,096
|
|
Kinsale Capital Group, Inc.
|
|
4,978
|
1,970,691
|
|
|
|
|
11,426,898
|
|
Health Care-20.10%
|
|||
|
Doximity, Inc., Class A(b)
|
|
53,659
|
2,010,603
|
|
Elanco Animal Health, Inc.(b)
|
|
121,565
|
2,927,285
|
|
Encompass Health Corp.
|
|
17,517
|
1,655,882
|
|
Ensign Group, Inc. (The)
|
|
21,381
|
3,670,263
|
|
Exelixis, Inc.(b)
|
|
90,621
|
3,748,085
|
|
Globus Medical, Inc., Class A(b)
|
|
39,277
|
3,561,638
|
|
Halozyme Therapeutics, Inc.(b)
|
|
89,907
|
6,447,231
|
|
HealthEquity, Inc.(b)
|
|
20,623
|
1,766,772
|
|
Hims & Hers Health, Inc.(b)(c)
|
|
124,692
|
3,377,906
|
|
Jazz Pharmaceuticals PLC(b)
|
|
14,860
|
2,444,321
|
|
LivaNova PLC(b)
|
|
28,991
|
1,904,999
|
|
Medpace Holdings, Inc.(b)
|
|
11,087
|
6,457,956
|
|
Neurocrine Biosciences, Inc.(b)
|
|
26,750
|
3,639,605
|
|
Option Care Health, Inc.(b)
|
|
115,822
|
3,937,948
|
|
Penumbra, Inc.(b)
|
|
10,722
|
3,840,299
|
|
Sotera Health Co.(b)
|
|
105,267
|
1,907,438
|
|
Tenet Healthcare Corp.(b)
|
|
18,405
|
3,483,698
|
|
United Therapeutics Corp.(b)
|
|
9,060
|
4,253,579
|
|
|
|
|
61,035,508
|
|
Industrials-30.25%
|
|||
|
AeroVironment, Inc.(b)(c)
|
|
22,025
|
6,131,540
|
|
API Group Corp.(b)
|
|
70,511
|
2,931,142
|
|
ATI, Inc.(b)
|
|
32,664
|
3,929,479
|
|
BWX Technologies, Inc.
|
|
17,909
|
3,679,046
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
CACI International, Inc., Class A(b)
|
|
5,932
|
$3,681,281
|
|
Carpenter Technology Corp.
|
|
15,389
|
4,891,086
|
|
Chart Industries, Inc.(b)
|
|
15,757
|
3,267,056
|
|
Curtiss-Wright Corp.
|
|
7,330
|
4,813,538
|
|
Dycom Industries, Inc.(b)
|
|
13,491
|
4,915,985
|
|
EnerSys
|
|
17,360
|
3,128,098
|
|
ExlService Holdings, Inc.(b)
|
|
36,441
|
1,426,665
|
|
Flowserve Corp.
|
|
28,462
|
2,224,305
|
|
Hexcel Corp.
|
|
25,761
|
2,133,268
|
|
ITT, Inc.
|
|
13,173
|
2,401,438
|
|
Kratos Defense & Security Solutions, Inc.(b)
|
|
45,342
|
4,670,679
|
|
MasTec, Inc.(b)
|
|
19,464
|
4,680,703
|
|
nVent Electric PLC
|
|
26,411
|
2,964,899
|
|
Paylocity Holding Corp.(b)
|
|
10,856
|
1,465,343
|
|
RB Global, Inc. (Canada)
|
|
24,763
|
2,812,334
|
|
RBC Bearings, Inc.(b)
|
|
4,195
|
2,096,116
|
|
SPX Technologies, Inc.(b)
|
|
14,442
|
3,009,857
|
|
Sterling Infrastructure, Inc.(b)
|
|
13,816
|
4,944,885
|
|
Tetra Tech, Inc.
|
|
51,150
|
1,926,309
|
|
UL Solutions, Inc., Class A(c)
|
|
44,437
|
3,120,811
|
|
Watts Water Technologies, Inc., Class A
|
|
6,999
|
2,094,871
|
|
Woodward, Inc.
|
|
18,105
|
5,754,493
|
|
XPO, Inc.(b)(c)
|
|
18,674
|
2,765,806
|
|
|
|
|
91,861,033
|
|
Information Technology-17.24%
|
|||
|
Advanced Energy Industries, Inc.
|
|
12,885
|
3,290,313
|
|
AppFolio, Inc., Class A(b)
|
|
11,325
|
2,150,391
|
|
Ciena Corp.(b)
|
|
18,559
|
4,673,342
|
|
Coherent Corp.(b)
|
|
16,356
|
3,470,416
|
|
Dropbox, Inc., Class A(b)(c)
|
|
74,575
|
1,900,171
|
|
Dynatrace, Inc.(b)
|
|
42,372
|
1,613,949
|
|
Fabrinet (Thailand)(b)(c)
|
|
10,159
|
4,972,221
|
|
Flex Ltd.(b)
|
|
37,713
|
2,377,427
|
|
Guidewire Software, Inc.(b)
|
|
9,421
|
1,326,100
|
|
Lumentum Holdings, Inc.(b)
|
|
7,615
|
2,983,862
|
|
MACOM Technology Solutions Holdings,
Inc.(b)
|
|
14,300
|
3,132,558
|
|
Okta, Inc.(b)(c)
|
|
23,991
|
2,026,760
|
|
Pegasystems, Inc.
|
|
35,156
|
1,535,966
|
|
Pure Storage, Inc., Class A(b)
|
|
44,448
|
3,090,914
|
|
Rambus, Inc.(b)
|
|
53,590
|
6,100,150
|
|
TTM Technologies, Inc.(b)
|
|
43,682
|
4,289,572
|
|
Twilio, Inc., Class A(b)
|
|
28,398
|
3,420,823
|
|
|
|
|
52,354,935
|
|
Materials-4.18%
|
|||
|
Hecla Mining Co.
|
|
281,936
|
6,349,199
|
|
NewMarket Corp.
|
|
2,886
|
1,935,900
|
|
Royal Gold, Inc.
|
|
16,752
|
4,410,969
|
|
|
|
|
12,696,068
|
|
Real Estate-1.54%
|
|||
|
First Industrial Realty Trust, Inc.
|
|
24,965
|
1,448,719
|
|
Sabra Health Care REIT, Inc.(c)
|
|
172,790
|
3,236,357
|
|
|
|
|
4,685,076
|
|
Utilities-2.59%
|
|||
|
Ormat Technologies, Inc.(c)
|
|
21,703
|
2,711,573
|
|
Talen Energy Corp.(b)
|
|
14,780
|
5,148,761
|
|
|
|
|
7,860,334
|
|
Total Common Stocks & Other Equity Interests
(Cost $262,962,048)
|
303,481,934
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.06%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(d)(e)
(Cost $192,288)
|
|
192,288
|
$192,288
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.00%
(Cost $263,154,336)
|
303,674,222
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-10.39%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
8,756,900
|
8,756,900
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
22,770,782
|
$22,777,613
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $31,534,513)
|
31,534,513
|
||
|
TOTAL INVESTMENTS IN SECURITIES-110.39%
(Cost $294,688,849)
|
335,208,735
|
||
|
OTHER ASSETS LESS LIABILITIES-(10.39)%
|
(31,557,503
)
|
||
|
NET ASSETS-100.00%
|
$303,651,232
|
||
|
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 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
|
$44,577
|
$2,554,952
|
$(2,407,241
)
|
$-
|
$-
|
$192,288
|
$4,619
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
15,622,482
|
115,391,856
|
(122,257,438
)
|
-
|
-
|
8,756,900
|
418,468
*
|
|
Invesco Private Prime Fund
|
40,361,377
|
217,895,199
|
(235,483,050
)
|
2,070
|
2,017
|
22,777,613
|
1,142,724
*
|
|
Total
|
$56,028,436
|
$335,842,007
|
$(360,147,729
)
|
$2,070
|
$2,017
|
$31,726,801
|
$1,565,811
|
|
*
|
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-100.05%
|
|||
|
Consumer Discretionary-21.43%
|
|||
|
Aramark
|
|
51,439
|
$1,979,887
|
|
AutoNation, Inc.(b)
|
|
18,199
|
3,730,431
|
|
Bath & Body Works, Inc.(c)
|
|
63,976
|
1,394,677
|
|
BorgWarner, Inc.
|
|
54,571
|
2,587,211
|
|
Columbia Sportswear Co.
|
|
29,471
|
1,629,157
|
|
Gap, Inc. (The)
|
|
61,180
|
1,711,816
|
|
Goodyear Tire & Rubber Co. (The)(b)(c)
|
|
403,726
|
3,799,061
|
|
Harley-Davidson, Inc.(c)
|
|
217,710
|
4,310,658
|
|
KB Home
|
|
56,294
|
3,239,157
|
|
Lear Corp.(c)
|
|
55,070
|
6,448,146
|
|
Lithia Motors, Inc., Class A
|
|
17,197
|
5,562,198
|
|
Macy’s, Inc.
|
|
238,404
|
4,772,848
|
|
Murphy USA, Inc.
|
|
4,657
|
1,967,629
|
|
Penske Automotive Group, Inc.(c)
|
|
27,452
|
4,304,199
|
|
Polaris, Inc.
|
|
21,738
|
1,387,754
|
|
PVH Corp.(c)
|
|
72,742
|
4,536,191
|
|
Taylor Morrison Home Corp., Class A(b)
|
|
59,303
|
3,614,518
|
|
Thor Industries, Inc.(c)
|
|
30,702
|
3,434,633
|
|
Visteon Corp.
|
|
18,680
|
1,697,265
|
|
Whirlpool Corp.(c)
|
|
54,730
|
4,377,853
|
|
|
|
|
66,485,289
|
|
Consumer Staples-9.75%
|
|||
|
Albertson’s Cos., Inc., Class A(c)
|
|
234,914
|
3,911,318
|
|
BJ’s Wholesale Club Holdings, Inc.(b)
|
|
15,061
|
1,392,239
|
|
Coty, Inc., Class A(b)(c)
|
|
1,396,170
|
4,425,859
|
|
Darling Ingredients, Inc.(b)
|
|
58,563
|
2,673,987
|
|
Flowers Foods, Inc.
|
|
364,735
|
4,168,921
|
|
Ingredion, Inc.
|
|
16,192
|
1,912,275
|
|
Performance Food Group Co.(b)
|
|
39,171
|
3,738,872
|
|
Pilgrim’s Pride Corp.
|
|
70,186
|
3,043,967
|
|
Post Holdings, Inc.(b)(c)
|
|
25,566
|
2,615,657
|
|
US Foods Holding Corp.(b)
|
|
28,461
|
2,379,909
|
|
|
|
|
30,263,004
|
|
Energy-10.08%
|
|||
|
Chord Energy Corp.
|
|
41,009
|
4,110,742
|
|
HF Sinclair Corp.
|
|
114,379
|
5,946,564
|
|
Matador Resources Co.
|
|
57,666
|
2,608,810
|
|
Murphy Oil Corp.(c)
|
|
74,841
|
2,251,966
|
|
NOV, Inc.
|
|
265,581
|
4,873,411
|
|
Ovintiv, Inc.
|
|
57,381
|
2,494,352
|
|
PBF Energy, Inc., Class A
|
|
207,825
|
6,953,825
|
|
Permian Resources Corp.
|
|
125,584
|
2,025,670
|
|
|
|
|
31,265,340
|
|
Financials-20.16%
|
|||
|
Ally Financial, Inc.
|
|
46,654
|
1,972,531
|
|
Associated Banc-Corp
|
|
66,964
|
1,825,439
|
|
Bank OZK(c)
|
|
45,512
|
2,164,551
|
|
Brighthouse Financial, Inc.(b)
|
|
98,616
|
6,317,341
|
|
CNO Financial Group, Inc.
|
|
47,399
|
1,993,128
|
|
Columbia Banking System, Inc.
|
|
54,633
|
1,608,395
|
|
Corebridge Financial, Inc.
|
|
82,700
|
2,549,641
|
|
Euronet Worldwide, Inc.(b)(c)
|
|
20,336
|
1,473,547
|
|
F.N.B. Corp.
|
|
121,575
|
2,133,641
|
|
First American Financial Corp.(c)
|
|
36,055
|
2,277,955
|
|
Flagstar Bank N.A(c)
|
|
200,442
|
2,649,843
|
|
Hancock Whitney Corp.(c)
|
|
19,940
|
1,371,872
|
|
Jefferies Financial Group, Inc.
|
|
27,627
|
1,690,220
|
|
Kemper Corp.
|
|
125,013
|
4,926,762
|
|
Old National Bancorp
|
|
66,875
|
1,633,756
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Pinnacle Financial Partners, Inc.
|
|
15,339
|
$1,458,585
|
|
Prosperity Bancshares, Inc.(c)
|
|
30,331
|
2,093,142
|
|
Reinsurance Group of America, Inc.
|
|
22,809
|
4,624,525
|
|
Selective Insurance Group, Inc.
|
|
26,516
|
2,229,465
|
|
SouthState Bank Corp.
|
|
18,026
|
1,844,601
|
|
Starwood Property Trust, Inc.
|
|
70,498
|
1,264,029
|
|
United Bankshares, Inc.
|
|
45,079
|
1,908,194
|
|
Unum Group
|
|
32,031
|
2,433,395
|
|
Valley National Bancorp(c)
|
|
192,576
|
2,399,497
|
|
Voya Financial, Inc.
|
|
33,771
|
2,588,885
|
|
Webster Financial Corp.
|
|
23,531
|
1,547,634
|
|
Zions Bancorporation N.A.
|
|
25,871
|
1,549,932
|
|
|
|
|
62,530,506
|
|
Health Care-0.62%
|
|||
|
Envista Holdings Corp.(b)
|
|
82,130
|
1,927,591
|
|
Industrials-14.06%
|
|||
|
AGCO Corp.
|
|
16,477
|
1,868,657
|
|
Alaska Air Group, Inc.(b)(c)
|
|
100,244
|
5,095,402
|
|
American Airlines Group, Inc.(b)(c)
|
|
186,141
|
2,475,675
|
|
CNH Industrial N.V.
|
|
259,605
|
2,793,350
|
|
Concentrix Corp.
|
|
207,767
|
7,760,097
|
|
Fluor Corp.(b)
|
|
97,507
|
4,503,848
|
|
GXO Logistics, Inc.(b)(c)
|
|
56,725
|
3,210,068
|
|
KBR, Inc.
|
|
28,978
|
1,240,548
|
|
Knight-Swift Transportation Holdings, Inc.
|
|
50,202
|
2,766,130
|
|
Ryder System, Inc.
|
|
11,934
|
2,282,736
|
|
Science Applications International Corp.
|
|
22,379
|
2,277,287
|
|
Terex Corp.(c)
|
|
58,077
|
3,310,389
|
|
UFP Industries, Inc.
|
|
19,581
|
2,022,326
|
|
WESCO International, Inc.
|
|
6,993
|
2,023,984
|
|
|
|
|
43,630,497
|
|
Information Technology-9.61%
|
|||
|
Arrow Electronics, Inc.(b)(c)
|
|
60,593
|
8,027,967
|
|
ASGN, Inc.(b)
|
|
98,065
|
5,108,206
|
|
Avnet, Inc.
|
|
144,737
|
9,030,141
|
|
Kyndryl Holdings, Inc.(b)
|
|
101,264
|
2,329,072
|
|
TD SYNNEX Corp.
|
|
33,622
|
5,334,803
|
|
|
|
|
29,830,189
|
|
Materials-11.15%
|
|||
|
Alcoa Corp.
|
|
42,741
|
2,428,116
|
|
Avient Corp.
|
|
82,311
|
2,975,543
|
|
Cabot Corp.
|
|
19,322
|
1,394,855
|
|
Cleveland-Cliffs, Inc.(b)(c)
|
|
333,603
|
4,590,377
|
|
Commercial Metals Co.
|
|
19,557
|
1,503,347
|
|
Graphic Packaging Holding Co.(c)
|
|
221,909
|
3,250,967
|
|
Greif, Inc., Class A(c)
|
|
52,106
|
3,679,726
|
|
Olin Corp.(c)
|
|
243,932
|
5,076,225
|
|
Silgan Holdings, Inc.
|
|
57,657
|
2,487,899
|
|
Sonoco Products Co.
|
|
80,047
|
3,842,256
|
|
Westlake Corp.(c)
|
|
42,374
|
3,361,106
|
|
|
|
|
34,590,417
|
|
Real Estate-3.19%
|
|||
|
Cousins Properties, Inc.
|
|
66,375
|
1,675,305
|
|
Jones Lang LaSalle, Inc.(b)
|
|
6,148
|
2,200,431
|
|
|
Shares
|
Value
|
|
|
Real Estate-(continued)
|
|||
|
Kilroy Realty Corp.
|
|
45,245
|
$1,560,047
|
|
Park Hotels & Resorts, Inc.(c)
|
|
406,959
|
4,448,062
|
|
|
|
|
9,883,845
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.05%
(Cost $288,777,998)
|
310,406,678
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-13.62%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
11,726,461
|
11,726,461
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
30,518,518
|
$30,527,674
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $42,254,135)
|
42,254,135
|
||
|
TOTAL INVESTMENTS IN SECURITIES-113.67%
(Cost $331,032,133)
|
352,660,813
|
||
|
OTHER ASSETS LESS LIABILITIES-(13.67)%
|
(42,420,365
)
|
||
|
NET ASSETS-100.00%
|
$310,240,448
|
||
|
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
|
$129,494
|
$14,299,509
|
$(14,429,003
)
|
$-
|
$-
|
$-
|
$7,801
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
20,672,156
|
127,245,754
|
(136,191,449
)
|
-
|
-
|
11,726,461
|
491,686
*
|
|
Invesco Private Prime Fund
|
50,964,273
|
264,393,765
|
(284,835,429
)
|
2,629
|
2,436
|
30,527,674
|
1,336,728
*
|
|
Total
|
$71,765,923
|
$405,939,028
|
$(435,455,881
)
|
$2,629
|
$2,436
|
$42,254,135
|
$1,836,215
|
|
*
|
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-99.98%
|
|||
|
Communication Services-2.10%
|
|||
|
Gogo, Inc.(b)(c)
|
|
80,114
|
$367,723
|
|
TripAdvisor, Inc.(b)(c)
|
|
37,468
|
497,950
|
|
Uniti Group, Inc.(b)(c)
|
|
172,136
|
1,432,171
|
|
|
|
|
2,297,844
|
|
Consumer Discretionary-7.68%
|
|||
|
Acushnet Holdings Corp.
|
|
7,115
|
689,728
|
|
Adtalem Global Education, Inc.(b)
|
|
8,541
|
884,420
|
|
Boot Barn Holdings, Inc.(b)(c)
|
|
4,091
|
730,162
|
|
Brinker International, Inc.(b)
|
|
5,495
|
866,671
|
|
Cavco Industries, Inc.(b)
|
|
609
|
299,640
|
|
Dorman Products, Inc.(b)(c)
|
|
2,879
|
357,572
|
|
Etsy, Inc.(b)
|
|
10,185
|
539,398
|
|
Frontdoor, Inc.(b)
|
|
7,116
|
420,627
|
|
Installed Building Products, Inc.
|
|
1,852
|
533,635
|
|
Monarch Casino & Resort, Inc.
|
|
4,120
|
377,104
|
|
National Vision Holdings, Inc.(b)
|
|
23,193
|
611,136
|
|
Red Rock Resorts, Inc., Class A
|
|
8,351
|
527,199
|
|
Urban Outfitters, Inc.(b)
|
|
13,439
|
952,153
|
|
XPEL, Inc.(b)(c)(d)
|
|
12,189
|
627,855
|
|
|
|
|
8,417,300
|
|
Consumer Staples-3.72%
|
|||
|
Cal-Maine Foods, Inc.
|
|
9,625
|
803,976
|
|
Chefs’ Warehouse, Inc. (The)(b)
|
|
18,951
|
1,192,018
|
|
PriceSmart, Inc.
|
|
6,461
|
918,819
|
|
Tootsie Roll Industries, Inc.(c)
|
|
10,787
|
408,611
|
|
Vital Farms, Inc.(b)(c)
|
|
26,362
|
749,999
|
|
|
|
|
4,073,423
|
|
Energy-2.45%
|
|||
|
Archrock, Inc.
|
|
24,410
|
722,292
|
|
International Seaways, Inc.
|
|
14,544
|
867,550
|
|
Tidewater, Inc.(b)
|
|
17,542
|
1,096,199
|
|
|
|
|
2,686,041
|
|
Financials-20.29%
|
|||
|
Acadian Asset Management, Inc.
|
|
25,895
|
1,435,101
|
|
Adamas Trust, Inc.
|
|
199,654
|
1,597,232
|
|
ARMOUR Residential REIT, Inc.(c)
|
|
88,294
|
1,536,316
|
|
Axos Financial, Inc.(b)
|
|
9,778
|
967,924
|
|
Bancorp, Inc. (The)(b)
|
|
14,154
|
841,314
|
|
Ellington Financial, Inc.
|
|
81,530
|
1,047,660
|
|
Enova International, Inc.(b)
|
|
8,202
|
1,354,724
|
|
EVERTEC, Inc.
|
|
15,783
|
473,648
|
|
EZCORP, Inc., Class A(b)(c)
|
|
53,773
|
1,153,431
|
|
HCI Group, Inc.
|
|
5,924
|
939,961
|
|
Mercury General Corp.
|
|
12,034
|
1,054,058
|
|
NMI Holdings, Inc., Class A(b)
|
|
13,191
|
510,755
|
|
Palomar Holdings, Inc.(b)
|
|
8,801
|
1,087,716
|
|
Pathward Financial, Inc.
|
|
8,677
|
783,446
|
|
PennyMac Mortgage Investment Trust
|
|
74,670
|
883,346
|
|
PJT Partners, Inc., Class A
|
|
3,587
|
620,659
|
|
Preferred Bank
|
|
4,632
|
397,287
|
|
Sezzle, Inc.(b)(c)
|
|
11,085
|
701,015
|
|
SiriusPoint Ltd. (Sweden)(b)
|
|
65,570
|
1,338,284
|
|
StepStone Group, Inc., Class A
|
|
10,260
|
725,279
|
|
StoneX Group, Inc.(b)
|
|
12,508
|
1,404,148
|
|
Virtu Financial, Inc., Class A
|
|
16,107
|
668,602
|
|
WisdomTree, Inc.(c)
|
|
43,631
|
706,822
|
|
|
|
|
22,228,728
|
|
|
Shares
|
Value
|
|
|
Health Care-25.75%
|
|||
|
Acadia Pharmaceuticals, Inc.(b)
|
|
58,376
|
$1,466,989
|
|
ADMA Biologics, Inc.(b)
|
|
37,902
|
655,705
|
|
Alkermes PLC(b)(c)
|
|
16,979
|
575,418
|
|
ANI Pharmaceuticals, Inc.(b)(c)
|
|
17,101
|
1,399,717
|
|
Apellis Pharmaceuticals, Inc.(b)
|
|
23,647
|
533,949
|
|
Arrowhead Pharmaceuticals, Inc.(b)
|
|
22,958
|
1,591,678
|
|
Artivion, Inc.(b)
|
|
22,276
|
908,193
|
|
BrightSpring Health Services, Inc.(b)
|
|
22,028
|
865,040
|
|
Catalyst Pharmaceuticals, Inc.(b)
|
|
41,254
|
1,002,472
|
|
Collegium Pharmaceutical, Inc.(b)
|
|
30,783
|
1,413,555
|
|
Corcept Therapeutics, Inc.(b)
|
|
14,727
|
587,165
|
|
Harmony Biosciences Holdings, Inc.(b)
|
|
21,475
|
784,267
|
|
Indivior Pharmaceuticals, Inc.(b)(c)
|
|
36,165
|
1,279,518
|
|
Inspire Medical Systems, Inc.(b)(c)
|
|
3,201
|
242,572
|
|
Krystal Biotech, Inc.(b)(c)
|
|
4,235
|
1,182,581
|
|
Ligand Pharmaceuticals, Inc.(b)
|
|
5,212
|
1,001,225
|
|
National HealthCare Corp.
|
|
4,353
|
622,958
|
|
OmniAb, Inc., Rts., expiring
11/02/2027(b)(c)(e)
|
|
2,881
|
0
|
|
OmniAb, Inc., Rts., expiring
11/02/2027(b)(c)(e)
|
|
2,881
|
0
|
|
Pacira BioSciences, Inc.(b)
|
|
24,052
|
494,028
|
|
Pediatrix Medical Group, Inc.(b)
|
|
34,992
|
748,129
|
|
Phibro Animal Health Corp., Class A
|
|
31,277
|
1,255,772
|
|
Privia Health Group, Inc.(b)
|
|
27,917
|
648,233
|
|
Progyny, Inc.(b)
|
|
62,018
|
1,480,370
|
|
Protagonist Therapeutics, Inc.(b)
|
|
17,360
|
1,420,048
|
|
PTC Therapeutics, Inc.(b)
|
|
23,209
|
1,752,976
|
|
TG Therapeutics, Inc.(b)(c)
|
|
29,659
|
872,864
|
|
TransMedics Group, Inc.(b)(c)
|
|
12,033
|
1,612,121
|
|
UFP Technologies, Inc.(b)(c)
|
|
2,408
|
604,745
|
|
Veracyte, Inc.(b)(c)
|
|
18,791
|
715,561
|
|
Waystar Holding Corp.(b)
|
|
18,838
|
500,337
|
|
|
|
|
28,218,186
|
|
Industrials-20.79%
|
|||
|
AAR Corp.(b)
|
|
10,611
|
1,123,811
|
|
Armstrong World Industries, Inc.
|
|
3,886
|
714,014
|
|
AZZ, Inc.
|
|
7,498
|
931,926
|
|
Brady Corp., Class A
|
|
4,736
|
409,522
|
|
CSG Systems International, Inc.
|
|
11,174
|
891,126
|
|
DXP Enterprises, Inc.(b)
|
|
11,164
|
1,451,878
|
|
Enviri Corp.(b)(c)
|
|
49,461
|
935,802
|
|
ESCO Technologies, Inc.
|
|
4,165
|
950,328
|
|
Everus Construction Group, Inc.(b)
|
|
8,795
|
778,270
|
|
Federal Signal Corp.
|
|
7,308
|
789,922
|
|
Granite Construction, Inc.
|
|
4,490
|
542,123
|
|
Healthcare Services Group, Inc.(b)
|
|
39,251
|
738,704
|
|
JBT Marel Corp.
|
|
3,356
|
527,932
|
|
Liquidity Services, Inc.(b)
|
|
32,848
|
1,051,136
|
|
Mercury Systems, Inc.(b)
|
|
8,032
|
754,044
|
|
Moog, Inc., Class A
|
|
1,655
|
505,354
|
|
MYR Group, Inc.(b)
|
|
3,954
|
988,658
|
|
National Presto Industries, Inc.
|
|
8,223
|
1,047,610
|
|
OPENLANE, Inc.(b)
|
|
26,303
|
790,142
|
|
Powell Industries, Inc.(c)
|
|
3,195
|
1,417,270
|
|
Primoris Services Corp.(c)
|
|
11,072
|
1,641,424
|
|
Proto Labs, Inc.(b)
|
|
9,855
|
518,866
|
|
Standex International Corp.
|
|
1,501
|
360,240
|
|
Sunrun, Inc.(b)
|
|
25,961
|
493,259
|
|
Upwork, Inc.(b)(c)
|
|
30,962
|
620,169
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Vicor Corp.(b)(c)
|
|
8,734
|
$1,377,090
|
|
Zurn Elkay Water Solutions Corp.
|
|
9,370
|
432,051
|
|
|
|
|
22,782,671
|
|
Information Technology-14.18%
|
|||
|
ACM Research, Inc., Class A(b)
|
|
40,087
|
2,329,856
|
|
Adeia, Inc.
|
|
59,594
|
1,078,055
|
|
Agilysys, Inc.(b)
|
|
3,499
|
303,538
|
|
Badger Meter, Inc.
|
|
2,870
|
420,685
|
|
Calix, Inc.(b)
|
|
15,711
|
701,810
|
|
Clear Secure, Inc., Class A
|
|
37,111
|
1,210,561
|
|
Digi International, Inc.(b)
|
|
8,842
|
380,825
|
|
DigitalOcean Holdings, Inc.(b)(c)
|
|
21,821
|
1,205,610
|
|
FormFactor, Inc.(b)
|
|
7,571
|
533,680
|
|
InterDigital, Inc.(c)
|
|
4,428
|
1,445,476
|
|
LiveRamp Holdings, Inc.(b)
|
|
15,959
|
388,602
|
|
Mirion Technologies, Inc.(b)(c)
|
|
31,619
|
785,416
|
|
OSI Systems, Inc.(b)(c)
|
|
4,833
|
1,208,927
|
|
PDF Solutions, Inc.(b)(c)
|
|
11,755
|
374,397
|
|
Sanmina Corp.(b)
|
|
5,439
|
770,597
|
|
SiTime Corp.(b)
|
|
871
|
316,269
|
|
Sprinklr, Inc., Class A(b)
|
|
54,018
|
344,635
|
|
Viasat, Inc.(b)
|
|
20,439
|
923,230
|
|
Viavi Solutions, Inc.(b)
|
|
33,055
|
808,525
|
|
|
|
|
15,530,694
|
|
Materials-0.41%
|
|||
|
Sensient Technologies Corp.
|
|
4,751
|
449,065
|
|
Real Estate-2.25%
|
|||
|
CareTrust REIT, Inc.(c)
|
|
12,550
|
468,617
|
|
Curbline Properties Corp.(c)
|
|
36,158
|
876,832
|
|
St. Joe Co. (The)
|
|
16,927
|
1,120,398
|
|
|
|
|
2,465,847
|
|
|
Shares
|
Value
|
|
|
Utilities-0.36%
|
|||
|
Clearway Energy, Inc., Class A
|
|
3,214
|
$108,537
|
|
Clearway Energy, Inc., Class C
|
|
7,873
|
284,609
|
|
|
|
|
393,146
|
|
Total Common Stocks & Other Equity Interests
(Cost $92,773,607)
|
109,542,945
|
||
|
Money Market Funds-0.08%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.61%(f)(g)
(Cost $88,614)
|
|
88,614
|
88,614
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.06%
(Cost $92,862,221)
|
109,631,559
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-22.60%
|
|||
|
Invesco Private Government Fund,
3.65%(f)(g)(h)
|
|
6,837,485
|
6,837,485
|
|
Invesco Private Prime Fund, 3.80%(f)(g)(h)
|
|
17,926,158
|
17,931,536
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $24,769,021)
|
24,769,021
|
||
|
TOTAL INVESTMENTS IN SECURITIES-122.66%
(Cost $117,631,242)
|
134,400,580
|
||
|
OTHER ASSETS LESS LIABILITIES-(22.66)%
|
(24,833,386
)
|
||
|
NET ASSETS-100.00%
|
$109,567,194
|
||
|
Investment Abbreviations:
|
|
|
REIT
|
-Real Estate Investment Trust
|
|
Rts.
|
-Rights
|
|
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 less than 1% of the Fund’s Net Assets.
|
|
(e)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(f)
|
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
|
$36,638
|
$844,218
|
$(792,242
)
|
$-
|
$-
|
$88,614
|
$1,205
|
|
|
Value
April 30, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
January 31, 2026
|
Dividend Income
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
$9,081,744
|
$35,843,992
|
$(38,088,251
)
|
$-
|
$-
|
$6,837,485
|
$214,331
*
|
|
Invesco Private Prime Fund
|
23,635,923
|
81,802,841
|
(87,508,997
)
|
1,819
|
(50
)
|
17,931,536
|
579,108
*
|
|
Total
|
$32,754,305
|
$118,491,051
|
$(126,389,490
)
|
$1,819
|
$(50
)
|
$24,857,635
|
$794,644
|
|
*
|
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.
|
|
(g)
|
The rate shown is the 7-day SEC standardized yield as of January 31, 2026.
|
|
(h)
|
The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return
of the securities loaned.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.98%
|
|||
|
Communication Services-5.00%
|
|||
|
Angi, Inc.(b)(c)
|
|
162,461
|
$2,108,744
|
|
Cable One, Inc.(c)
|
|
7,802
|
631,884
|
|
IAC, Inc.(b)(c)
|
|
39,508
|
1,459,821
|
|
Scholastic Corp.
|
|
65,307
|
2,283,786
|
|
Shenandoah Telecommunications Co.(c)
|
|
83,892
|
995,798
|
|
Shutterstock, Inc.
|
|
48,065
|
954,090
|
|
TEGNA, Inc.
|
|
43,755
|
838,346
|
|
Versant Media Group, Inc.(b)
|
|
39,535
|
1,288,050
|
|
Ziff Davis, Inc.(b)(c)
|
|
43,197
|
1,650,989
|
|
|
|
|
12,211,508
|
|
Consumer Discretionary-28.75%
|
|||
|
Academy Sports & Outdoors, Inc.
|
|
18,380
|
1,011,084
|
|
Adient PLC(b)
|
|
113,132
|
2,353,146
|
|
Advance Auto Parts, Inc.(c)
|
|
26,405
|
1,267,704
|
|
American Axle & Manufacturing Holdings,
Inc.(b)(c)
|
|
361,060
|
2,877,648
|
|
Asbury Automotive Group, Inc.(b)
|
|
9,184
|
2,153,740
|
|
Bloomin’ Brands, Inc.(c)
|
|
245,011
|
1,470,066
|
|
Caesars Entertainment, Inc.(b)(c)
|
|
58,107
|
1,202,815
|
|
CarMax, Inc.(b)(c)
|
|
63,283
|
2,818,625
|
|
Carter’s, Inc.
|
|
50,631
|
1,752,339
|
|
Century Communities, Inc.
|
|
37,331
|
2,351,106
|
|
Cracker Barrel Old Country Store, Inc.(c)
|
|
70,992
|
2,138,279
|
|
Dave & Buster’s Entertainment, Inc.(b)(c)
|
|
56,899
|
1,067,994
|
|
Dream Finders Homes, Inc., Class A(b)(c)
|
|
89,273
|
1,641,731
|
|
Ethan Allen Interiors, Inc.
|
|
23,739
|
544,335
|
|
Fox Factory Holding Corp.(b)
|
|
97,498
|
1,793,963
|
|
G-III Apparel Group Ltd.
|
|
86,010
|
2,524,394
|
|
Group 1 Automotive, Inc.
|
|
4,304
|
1,524,735
|
|
Kohl’s Corp.(c)
|
|
131,341
|
2,294,527
|
|
La-Z-Boy, Inc.
|
|
14,267
|
519,461
|
|
Leggett & Platt, Inc.
|
|
175,477
|
2,047,817
|
|
LGI Homes, Inc.(b)(c)
|
|
40,790
|
2,043,987
|
|
LKQ Corp.(c)
|
|
45,560
|
1,496,646
|
|
M/I Homes, Inc.(b)
|
|
6,680
|
893,116
|
|
MarineMax, Inc.(b)(c)
|
|
108,608
|
2,935,674
|
|
Marriott Vacations Worldwide Corp.(c)
|
|
36,649
|
1,990,407
|
|
Matthews International Corp., Class A
|
|
31,980
|
840,754
|
|
Meritage Homes Corp.
|
|
15,345
|
1,066,631
|
|
Mohawk Industries, Inc.(b)
|
|
13,550
|
1,604,049
|
|
Monro, Inc.(c)
|
|
81,370
|
1,523,246
|
|
Newell Brands, Inc.
|
|
763,208
|
3,243,634
|
|
Oxford Industries, Inc.(c)
|
|
55,396
|
2,041,343
|
|
PENN Entertainment, Inc.(b)(c)
|
|
99,113
|
1,272,611
|
|
Phinia, Inc.
|
|
15,830
|
1,126,621
|
|
Sally Beauty Holdings, Inc.(b)(c)
|
|
75,716
|
1,152,398
|
|
Sonic Automotive, Inc., Class A
|
|
24,115
|
1,445,935
|
|
Standard Motor Products, Inc.(c)
|
|
40,199
|
1,605,146
|
|
Tri Pointe Homes, Inc.(b)
|
|
39,002
|
1,300,717
|
|
Under Armour, Inc., Class A(b)(c)
|
|
255,884
|
1,578,804
|
|
Under Armour, Inc., Class C(b)(c)
|
|
159,618
|
968,881
|
|
Upbound Group, Inc.
|
|
100,985
|
1,908,617
|
|
Winnebago Industries, Inc.
|
|
61,707
|
2,832,968
|
|
|
|
|
70,227,694
|
|
Consumer Staples-7.26%
|
|||
|
Andersons, Inc. (The)
|
|
35,988
|
2,230,896
|
|
Central Garden & Pet Co.(b)(c)
|
|
4,799
|
162,350
|
|
Central Garden & Pet Co., Class A(b)
|
|
30,562
|
937,337
|
|
Edgewell Personal Care Co.(c)
|
|
159,281
|
3,099,608
|
|
Energizer Holdings, Inc.
|
|
29,217
|
637,807
|
|
|
Shares
|
Value
|
|
|
Consumer Staples-(continued)
|
|||
|
Fresh Del Monte Produce, Inc.
|
|
62,604
|
$2,482,875
|
|
Grocery Outlet Holding Corp.(b)(c)
|
|
219,825
|
2,094,932
|
|
TreeHouse Foods, Inc.(b)
|
|
75,537
|
1,861,232
|
|
United Natural Foods, Inc.(b)
|
|
53,275
|
1,983,428
|
|
Universal Corp.
|
|
39,794
|
2,251,943
|
|
|
|
|
17,742,408
|
|
Energy-7.98%
|
|||
|
Atlas Energy Solutions, Inc.(c)
|
|
98,963
|
1,154,898
|
|
Bristow Group, Inc.(b)
|
|
31,657
|
1,391,642
|
|
California Resources Corp.
|
|
12,241
|
654,893
|
|
Core Natural Resources, Inc.
|
|
7,333
|
699,422
|
|
Crescent Energy Co., Class A(c)
|
|
208,844
|
2,040,406
|
|
Helix Energy Solutions Group, Inc.(b)
|
|
243,180
|
1,930,849
|
|
Liberty Energy, Inc., Class A
|
|
35,577
|
876,973
|
|
Northern Oil and Gas, Inc.(c)
|
|
37,488
|
937,200
|
|
Patterson-UTI Energy, Inc.
|
|
341,639
|
2,572,542
|
|
Peabody Energy Corp.
|
|
35,373
|
1,247,252
|
|
RPC, Inc.(c)
|
|
177,681
|
1,181,579
|
|
SM Energy Co.(c)
|
|
96,162
|
1,872,274
|
|
Talos Energy, Inc.(b)
|
|
57,085
|
680,453
|
|
World Kinect Corp.(c)
|
|
83,533
|
2,247,873
|
|
|
|
|
19,488,256
|
|
Financials-7.66%
|
|||
|
Apollo Commercial Real Estate Finance,
Inc.(c)
|
|
80,884
|
874,356
|
|
Arbor Realty Trust, Inc.(c)
|
|
108,084
|
832,247
|
|
Bread Financial Holdings, Inc.
|
|
11,712
|
849,588
|
|
Capitol Federal Financial, Inc.
|
|
96,540
|
702,811
|
|
Employers Holdings, Inc.(c)
|
|
26,736
|
1,166,224
|
|
Encore Capital Group, Inc.(b)(c)
|
|
10,430
|
575,736
|
|
First Financial Bancorp(c)
|
|
22,116
|
635,614
|
|
Franklin BSP Realty Trust, Inc.
|
|
94,438
|
968,934
|
|
Genworth Financial, Inc., Class A(b)
|
|
267,419
|
2,230,274
|
|
Hilltop Holdings, Inc.
|
|
17,998
|
674,025
|
|
Hope Bancorp, Inc.
|
|
84,070
|
1,007,159
|
|
Jackson Financial, Inc., Class A
|
|
13,014
|
1,547,625
|
|
KKR Real Estate Finance Trust, Inc.(c)
|
|
72,204
|
597,849
|
|
Lincoln National Corp.
|
|
54,978
|
2,287,635
|
|
Navient Corp.
|
|
64,771
|
635,403
|
|
PRA Group, Inc.(b)
|
|
52,535
|
671,923
|
|
PROG Holdings, Inc.
|
|
39,589
|
1,284,267
|
|
Provident Financial Services, Inc.
|
|
28,249
|
625,433
|
|
Stewart Information Services Corp.
|
|
8,044
|
542,407
|
|
|
|
|
18,709,510
|
|
Health Care-6.05%
|
|||
|
Acadia Healthcare Co., Inc.(b)(c)
|
|
175,977
|
2,365,131
|
|
AdaptHealth Corp.(b)
|
|
240,312
|
2,415,135
|
|
AMN Healthcare Services, Inc.(b)
|
|
87,953
|
1,873,399
|
|
Astrana Health, Inc.(b)(c)
|
|
71,104
|
1,616,905
|
|
Organon & Co.
|
|
222,149
|
1,897,152
|
|
Perrigo Co. PLC
|
|
179,784
|
2,554,731
|
|
Select Medical Holdings Corp.
|
|
136,720
|
2,057,636
|
|
|
|
|
14,780,089
|
|
Industrials-19.56%
|
|||
|
ABM Industries, Inc.
|
|
40,935
|
1,884,647
|
|
Allegiant Travel Co.(b)
|
|
7,387
|
654,710
|
|
Amentum Holdings, Inc.(b)
|
|
35,389
|
1,266,218
|
|
American Woodmark Corp.(b)
|
|
33,883
|
2,012,311
|
|
Apogee Enterprises, Inc.
|
|
22,894
|
850,054
|
|
ArcBest Corp.
|
|
28,658
|
2,585,525
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Boise Cascade Co.
|
|
19,335
|
$1,562,461
|
|
CoreCivic, Inc.(b)
|
|
29,868
|
553,454
|
|
Deluxe Corp.
|
|
70,734
|
1,867,378
|
|
DNOW, Inc.(b)
|
|
76,659
|
1,164,450
|
|
Forward Air Corp.(b)(c)
|
|
25,026
|
697,725
|
|
GEO Group, Inc. (The)(b)(c)
|
|
36,042
|
575,951
|
|
Greenbrier Cos., Inc. (The)
|
|
46,181
|
2,328,446
|
|
Heartland Express, Inc.(c)
|
|
151,351
|
1,527,132
|
|
Hub Group, Inc., Class A
|
|
20,401
|
970,680
|
|
Insperity, Inc.
|
|
22,509
|
961,810
|
|
JetBlue Airways Corp.(b)(c)
|
|
452,190
|
2,202,165
|
|
ManpowerGroup, Inc.
|
|
102,900
|
3,738,357
|
|
Marten Transport Ltd.
|
|
63,960
|
786,708
|
|
MasterBrand, Inc.(b)(c)
|
|
137,975
|
1,672,257
|
|
Matson, Inc.
|
|
4,754
|
762,066
|
|
MillerKnoll, Inc.
|
|
156,089
|
3,134,267
|
|
Quanex Building Products Corp.(c)
|
|
113,611
|
2,126,798
|
|
Robert Half, Inc.
|
|
30,185
|
1,044,703
|
|
Rush Enterprises, Inc., Class A
|
|
14,485
|
929,792
|
|
RXO, Inc.(b)(c)
|
|
103,636
|
1,511,013
|
|
Schneider National, Inc., Class B
|
|
28,235
|
757,827
|
|
Sun Country Airlines Holdings, Inc.(b)
|
|
72,550
|
1,272,527
|
|
Titan International, Inc.(b)(c)
|
|
288,452
|
2,751,832
|
|
Vestis Corp.(c)
|
|
315,941
|
2,063,095
|
|
Werner Enterprises, Inc.
|
|
45,710
|
1,565,568
|
|
|
|
|
47,781,927
|
|
Information Technology-6.42%
|
|||
|
Alpha & Omega Semiconductor Ltd.(b)(c)
|
|
51,032
|
1,127,807
|
|
Benchmark Electronics, Inc.
|
|
16,135
|
841,279
|
|
Corsair Gaming, Inc.(b)(c)
|
|
190,757
|
972,861
|
|
DXC Technology Co.(b)
|
|
198,809
|
2,868,814
|
|
Ichor Holdings Ltd.(b)
|
|
75,915
|
2,303,261
|
|
Insight Enterprises, Inc.(b)
|
|
20,197
|
1,696,952
|
|
NCR Voyix Corp.(b)(c)
|
|
72,010
|
714,339
|
|
PC Connection, Inc.
|
|
16,132
|
948,723
|
|
ScanSource, Inc.(b)
|
|
58,334
|
2,507,778
|
|
Vishay Intertechnology, Inc.(c)
|
|
85,032
|
1,713,395
|
|
|
|
|
15,695,209
|
|
Materials-7.51%
|
|||
|
Chemours Co. (The)(c)
|
|
44,935
|
673,576
|
|
Eastman Chemical Co.
|
|
13,097
|
907,884
|
|
FMC Corp.(c)
|
|
120,724
|
1,907,439
|
|
Kaiser Aluminum Corp.
|
|
8,883
|
1,089,234
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Koppers Holdings, Inc.(c)
|
|
77,918
|
$2,295,464
|
|
Metallus, Inc.(b)(c)
|
|
65,578
|
1,308,281
|
|
Minerals Technologies, Inc.
|
|
11,709
|
769,984
|
|
O-I Glass, Inc.(b)
|
|
105,925
|
1,618,534
|
|
Stepan Co.
|
|
45,885
|
2,643,435
|
|
SunCoke Energy, Inc.(c)
|
|
407,585
|
3,203,618
|
|
Sylvamo Corp.
|
|
15,815
|
773,986
|
|
Worthington Steel, Inc.
|
|
28,784
|
1,157,980
|
|
|
|
|
18,349,415
|
|
Real Estate-3.32%
|
|||
|
Apple Hospitality REIT, Inc.
|
|
59,638
|
694,186
|
|
Cushman & Wakefield Ltd.(b)
|
|
87,286
|
1,434,982
|
|
Easterly Government Properties, Inc.(c)
|
|
36,171
|
846,040
|
|
eXp World Holdings, Inc.(c)
|
|
60,604
|
547,860
|
|
Innovative Industrial Properties, Inc.(c)
|
|
15,360
|
742,195
|
|
Pebblebrook Hotel Trust(c)
|
|
112,708
|
1,287,126
|
|
Safehold, Inc.
|
|
82,147
|
1,159,094
|
|
Summit Hotel Properties, Inc.
|
|
315,297
|
1,393,613
|
|
|
|
|
8,105,096
|
|
Utilities-0.47%
|
|||
|
Hawaiian Electric Industries, Inc.(b)(c)
|
|
75,704
|
1,159,785
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.98%
(Cost $235,181,836)
|
244,250,897
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-25.95%
|
|||
|
Invesco Private Government Fund,
3.65%(d)(e)(f)
|
|
17,617,280
|
17,617,280
|
|
Invesco Private Prime Fund, 3.80%(d)(e)(f)
|
|
45,753,741
|
45,767,467
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $63,384,747)
|
63,384,747
|
||
|
TOTAL INVESTMENTS IN SECURITIES-125.93%
(Cost $298,566,583)
|
307,635,644
|
||
|
OTHER ASSETS LESS LIABILITIES-(25.93)%
|
(63,339,181
)
|
||
|
NET ASSETS-100.00%
|
$244,296,463
|
||
|
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 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
|
$161,678
|
$5,808,654
|
$(5,970,332
)
|
$-
|
$-
|
$-
|
$4,080
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
15,876,033
|
77,217,230
|
(75,475,983
)
|
-
|
-
|
17,617,280
|
460,309
*
|
|
Invesco Private Prime Fund
|
41,336,856
|
167,073,158
|
(162,646,038
)
|
2,546
|
945
|
45,767,467
|
1,235,924
*
|
|
Total
|
$57,374,567
|
$250,099,042
|
$(244,092,353
)
|
$2,546
|
$945
|
$63,384,747
|
$1,700,313
|
|
*
|
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 S&P 500® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$1,689,595,010
|
$-
|
$-
|
$1,689,595,010
|
|
Money Market Funds
|
-
|
51,551,864
|
-
|
51,551,864
|
|
Total Investments
|
$1,689,595,010
|
$51,551,864
|
$-
|
$1,741,146,874
|
|
Invesco S&P MidCap 400® Pure Growth ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$303,481,934
|
$-
|
$-
|
$303,481,934
|
|
Money Market Funds
|
192,288
|
31,534,513
|
-
|
31,726,801
|
|
Total Investments
|
$303,674,222
|
$31,534,513
|
$-
|
$335,208,735
|
|
Invesco S&P MidCap 400® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$310,406,678
|
$-
|
$-
|
$310,406,678
|
|
Money Market Funds
|
-
|
42,254,135
|
-
|
42,254,135
|
|
Total Investments
|
$310,406,678
|
$42,254,135
|
$-
|
$352,660,813
|
|
Invesco S&P SmallCap 600® Pure Growth ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$109,542,945
|
$-
|
$0
|
$109,542,945
|
|
Money Market Funds
|
88,614
|
24,769,021
|
-
|
24,857,635
|
|
Total Investments
|
$109,631,559
|
$24,769,021
|
$0
|
$134,400,580
|
|
Invesco S&P SmallCap 600® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$244,250,897
|
$-
|
$-
|
$244,250,897
|
|
Money Market Funds
|
-
|
63,384,747
|
-
|
63,384,747
|
|
Total Investments
|
$244,250,897
|
$63,384,747
|
$-
|
$307,635,644
|