|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.23%
|
|||
|
Brazil-4.57%
|
|||
|
BB Seguridade Participacoes S.A.
|
|
280,676
|
$2,279,372
|
|
Caixa Seguridade Participacoes S.A.
|
|
551,510
|
2,198,159
|
|
Cia Energetica de Minas Gerais, Preference
Shares
|
|
868,003
|
1,937,381
|
|
CPFL Energia S.A.
|
|
205,299
|
1,864,426
|
|
Equatorial S.A.
|
|
228,301
|
1,737,202
|
|
Itau Unibanco Holding S.A., Preference
Shares
|
|
231,088
|
1,950,806
|
|
Itausa S.A., Preference Shares
|
|
700,491
|
1,905,423
|
|
Klabin S.A.
|
|
567,373
|
2,038,038
|
|
Porto Seguro S.A.
|
|
177,284
|
1,908,700
|
|
Telefonica Brasil S.A.
|
|
266,043
|
1,708,636
|
|
|
|
|
19,528,143
|
|
Chile-2.25%
|
|||
|
Banco de Chile
|
|
9,060,870
|
1,890,391
|
|
Banco Santander Chile
|
|
23,682,067
|
2,065,764
|
|
Empresas COPEC S.A.
|
|
262,946
|
1,798,333
|
|
Enel Americas S.A.
|
|
21,721,339
|
2,058,495
|
|
Enel Chile S.A.
|
|
20,330,600
|
1,795,316
|
|
|
|
|
9,608,299
|
|
China-16.09%
|
|||
|
Agricultural Bank of China Ltd., H Shares
|
|
2,496,873
|
2,007,641
|
|
Bank of China Ltd., H Shares
|
|
3,489,309
|
2,448,018
|
|
Bank of Communications Co. Ltd., H Shares
|
|
2,417,000
|
2,328,958
|
|
Beijing Enterprises Holdings Ltd.
|
|
540,500
|
2,180,271
|
|
Beijing Enterprises Water Group Ltd.
|
|
5,256,000
|
1,547,088
|
|
China CITIC Bank Corp. Ltd., H Shares
|
|
1,818,050
|
1,792,833
|
|
China Communications Services Corp. Ltd., H
Shares
|
|
3,338,000
|
1,817,089
|
|
China Construction Bank Corp., H Shares
|
|
1,800,278
|
2,112,708
|
|
China Everbright Bank Co. Ltd., H Shares(a)
|
|
4,010,000
|
1,631,129
|
|
China Gas Holdings Ltd.(a)
|
|
2,099,989
|
1,638,130
|
|
China Merchants Bank Co. Ltd., H Shares
|
|
309,500
|
2,008,265
|
|
China Merchants Port Holdings Co. Ltd.
|
|
998,000
|
1,949,168
|
|
China Overseas Property Holdings Ltd.
|
|
3,515,000
|
1,542,486
|
|
China Petroleum & Chemical Corp., H Shares
|
|
3,272,000
|
1,849,284
|
|
China Power International Development
Ltd.(a)
|
|
4,884,000
|
1,767,733
|
|
China Resources Gas Group Ltd.
|
|
851,400
|
1,816,295
|
|
China Resources Power Holdings Co. Ltd.(a)
|
|
784,000
|
1,931,725
|
|
China Suntien Green Energy Corp. Ltd., H
Shares
|
|
3,893,000
|
1,635,278
|
|
China Tower Corp. Ltd., H Shares(b)
|
|
1,607,313
|
2,054,868
|
|
Guangdong Investment Ltd.
|
|
1,768,000
|
1,908,191
|
|
Guangzhou Baiyunshan Pharmaceutical
Holdings Co. Ltd., H Shares
|
|
1,182,000
|
2,404,717
|
|
Haitian International Holdings Ltd.
|
|
667,000
|
1,768,798
|
|
Hengan International Group Co. Ltd.
|
|
693,830
|
2,188,954
|
|
Industrial & Commercial Bank of China Ltd., H
Shares
|
|
2,415,811
|
2,311,171
|
|
Jiangsu Expressway Co. Ltd., H Shares
|
|
1,329,712
|
1,644,707
|
|
Kunlun Energy Co. Ltd.
|
|
2,332,000
|
2,156,909
|
|
Poly Property Services Co. Ltd., H Shares(b)
|
|
487,600
|
1,747,717
|
|
Postal Savings Bank of China Co. Ltd., H
Shares(b)
|
|
3,241,469
|
2,099,692
|
|
Qingdao Port International Co. Ltd., H
Shares(b)
|
|
1,825,000
|
1,656,100
|
|
Shanghai Pharmaceuticals Holding Co. Ltd.,
H Shares
|
|
1,592,600
|
2,443,148
|
|
Shenzhen International Holdings Ltd.(a)
|
|
2,195,322
|
1,709,459
|
|
|
Shares
|
Value
|
|
|
China-(continued)
|
|||
|
Sichuan Expressway Co. Ltd., H Shares(a)
|
|
2,650,000
|
$1,633,366
|
|
Sinopharm Group Co. Ltd., H Shares
|
|
927,600
|
2,057,251
|
|
Tsingtao Brewery Co. Ltd., H Shares
|
|
292,000
|
1,736,213
|
|
Want Want China Holdings Ltd.
|
|
3,336,000
|
1,435,873
|
|
Zhejiang Expressway Co. Ltd., H Shares
|
|
2,092,117
|
1,852,759
|
|
|
|
|
68,813,992
|
|
Czech Republic-1.05%
|
|||
|
CEZ A.S.(a)
|
|
33,250
|
2,138,891
|
|
Komercni banka A.S.
|
|
47,324
|
2,366,640
|
|
|
|
|
4,505,531
|
|
Greece-0.91%
|
|||
|
Hellenic Telecommunications Organization
S.A.
|
|
92,270
|
2,124,713
|
|
JUMBO S.A.
|
|
62,725
|
1,748,811
|
|
|
|
|
3,873,524
|
|
Hungary-0.44%
|
|||
|
Richter Gedeon Nyrt
|
|
50,182
|
1,866,804
|
|
India-1.76%
|
|||
|
Dr. Reddy’s Laboratories Ltd., ADR(a)
|
|
129,950
|
1,539,908
|
|
HDFC Bank Ltd., ADR
|
|
74,482
|
1,782,354
|
|
ICICI Bank Ltd., ADR
|
|
76,248
|
2,286,678
|
|
Reliance Industries Ltd., GDR(b)
|
|
35,150
|
1,929,295
|
|
|
|
|
7,538,235
|
|
Kuwait-4.62%
|
|||
|
Al Ahli Bank of Kuwait K.S.C.P.
|
|
3,020,674
|
2,623,427
|
|
Boubyan Bank K.S.C.P.
|
|
1,544,123
|
3,217,096
|
|
Gulf Bank K.S.C.P.
|
|
2,130,918
|
2,423,723
|
|
Kuwait Finance House K.S.C.P.
|
|
1,523,825
|
3,865,778
|
|
Mobile Telecommunications Co. K.S.C.P.
|
|
1,382,297
|
2,669,808
|
|
National Bank of Kuwait S.A.K.P.
|
|
1,003,942
|
2,786,659
|
|
Warba Bank KSCP
|
|
2,383,018
|
2,153,443
|
|
|
|
|
19,739,934
|
|
Malaysia-10.83%
|
|||
|
Alliance Bank Malaysia Bhd.
|
|
1,771,000
|
2,063,611
|
|
AMMB Holdings Bhd.
|
|
1,460,000
|
2,418,090
|
|
CelcomDigi Bhd.
|
|
3,098,100
|
2,260,461
|
|
CIMB Group Holdings Bhd.
|
|
1,124,400
|
2,171,428
|
|
Hong Leong Bank Bhd.
|
|
419,570
|
2,263,777
|
|
IHH Healthcare Bhd.
|
|
1,038,195
|
2,122,662
|
|
IOI Corp. Bhd.
|
|
2,497,400
|
2,705,613
|
|
Kuala Lumpur Kepong Bhd.
|
|
403,600
|
2,078,069
|
|
Malayan Banking Bhd.
|
|
1,059,442
|
2,824,463
|
|
MISC Bhd.
|
|
1,110,900
|
2,171,211
|
|
Petronas Gas Bhd.
|
|
507,344
|
2,177,611
|
|
Press Metal Aluminium Holdings Bhd.
|
|
825,200
|
1,601,911
|
|
Public Bank Bhd.
|
|
1,948,100
|
2,462,828
|
|
QL Resources Bhd.
|
|
1,905,300
|
1,863,887
|
|
RHB Bank Bhd.
|
|
1,187,279
|
2,483,281
|
|
SD Guthrie Bhd.
|
|
1,605,442
|
2,580,463
|
|
Sunway Bhd.
|
|
1,394,500
|
1,799,266
|
|
Telekom Malaysia Bhd.
|
|
965,200
|
1,830,009
|
|
Tenaga Nasional Bhd.
|
|
716,172
|
2,558,502
|
|
TIME dotCom Bhd.
|
|
1,334,900
|
1,960,195
|
|
United Plantations Bhd.
|
|
235,600
|
1,946,849
|
|
|
|
|
46,344,187
|
|
Mexico-4.24%
|
|||
|
America Movil S.A.B. de C.V., Class B
|
|
1,367,104
|
1,738,979
|
|
Arca Continental S.A.B. de C.V.
|
|
149,041
|
1,704,783
|
|
|
Shares
|
Value
|
|
|
Mexico-(continued)
|
|||
|
Coca-Cola FEMSA S.A.B. de C.V., Series CPO
|
|
161,283
|
$1,740,701
|
|
Fibra Uno Administracion S.A. de C.V.
|
|
1,061,756
|
1,908,669
|
|
Fomento Economico Mexicano, S.A.B. de
C.V., Series CPO(c)
|
|
152,071
|
1,940,942
|
|
Gruma S.A.B. de C.V., Class B(a)
|
|
125,507
|
1,867,950
|
|
Grupo Aeroportuario del Sureste S.A.B. de
C.V., Class B
|
|
64,129
|
1,772,766
|
|
Grupo Comercial Chedraui S.A. de C.V.(a)
|
|
367,013
|
1,913,289
|
|
Kimberly-Clark de Mexico S.A.B. de C.V.,
Class A
|
|
816,884
|
1,892,679
|
|
Wal-Mart de Mexico S.A.B. de C.V.,
Series V(a)
|
|
578,124
|
1,674,355
|
|
|
|
|
18,155,113
|
|
Philippines-0.75%
|
|||
|
Manila Electric Co.
|
|
180,512
|
1,416,625
|
|
SM Investments Corp.
|
|
182,917
|
1,771,685
|
|
|
|
|
3,188,310
|
|
Poland-0.44%
|
|||
|
Powszechny Zaklad Ubezpieczen S.A.
|
|
99,599
|
1,892,800
|
|
Qatar-3.77%
|
|||
|
AlRayan Bank
|
|
4,945,608
|
2,702,011
|
|
Commercial Bank P.S.Q.C. (The)
|
|
1,660,775
|
1,876,090
|
|
Industries Qatar Q.S.C.
|
|
681,689
|
1,978,081
|
|
Mesaieed Petrochemical Holding Co.
|
|
7,316,490
|
2,199,902
|
|
Ooredoo Q.P.S.C.
|
|
463,093
|
1,590,440
|
|
Qatar Gas Transport Co. Ltd.
|
|
1,552,320
|
1,764,136
|
|
Qatar Islamic Bank Q.P.S.C.
|
|
327,878
|
1,958,016
|
|
Qatar National Bank Q.P.S.C.
|
|
453,788
|
2,067,146
|
|
|
|
|
16,135,822
|
|
Romania-0.69%
|
|||
|
NEPI Rockcastle N.V.(d)
|
|
322,011
|
2,958,702
|
|
Russia-0.00%
|
|||
|
X5 Retail Group N.V., GDR(b)(d)(e)
|
|
51,546
|
0
|
|
Saudi Arabia-10.63%
|
|||
|
Al Rajhi Bank
|
|
115,949
|
1,935,047
|
|
Alinma Bank
|
|
314,523
|
1,959,725
|
|
Almarai Co. JSC
|
|
151,355
|
1,868,795
|
|
Arab National Bank
|
|
361,559
|
2,092,222
|
|
Astra Industrial Group Co.
|
|
46,662
|
1,508,034
|
|
Bank AlBilad
|
|
275,040
|
1,803,680
|
|
Bank Al-Jazira
|
|
646,252
|
2,094,871
|
|
Banque Saudi Fransi
|
|
385,390
|
2,032,407
|
|
Dr. Sulaiman Al Habib Medical Services Group
Co., Class H
|
|
31,093
|
1,946,698
|
|
Etihad Etisalat Co.
|
|
114,866
|
1,903,380
|
|
Jamjoom Pharmaceuticals Factory Co.
|
|
40,032
|
1,457,668
|
|
Jarir Marketing Co.
|
|
603,062
|
2,677,351
|
|
Mouwasat Medical Services Co.
|
|
97,760
|
1,623,135
|
|
Nahdi Medical Co.
|
|
65,567
|
1,662,994
|
|
Riyad Bank
|
|
392,415
|
2,128,405
|
|
SABIC Agri-Nutrients Co.
|
|
54,875
|
1,801,413
|
|
SAL Saudi Logistics Services
|
|
36,727
|
1,695,451
|
|
Saudi Arabian Oil Co.(b)
|
|
370,240
|
2,612,130
|
|
Saudi Awwal Bank
|
|
252,216
|
2,278,907
|
|
Saudi Basic Industries Corp.
|
|
114,895
|
1,521,472
|
|
Saudi Energy Co.
|
|
482,618
|
2,183,700
|
|
Saudi National Bank (The)
|
|
162,243
|
1,697,777
|
|
Saudi Telecom Co.
|
|
261,508
|
3,006,561
|
|
|
|
|
45,491,823
|
|
|
Shares
|
Value
|
|
|
South Africa-7.32%
|
|||
|
Absa Group Ltd.
|
|
127,555
|
$1,754,887
|
|
Bid Corp. Ltd.
|
|
92,794
|
2,540,879
|
|
Bidvest Group Ltd. (The)(a)
|
|
128,213
|
1,920,242
|
|
Capitec Bank Holdings Ltd.
|
|
7,489
|
2,134,496
|
|
Clicks Group Ltd.
|
|
125,305
|
1,673,915
|
|
Discovery Ltd.
|
|
111,730
|
1,773,721
|
|
FirstRand Ltd.
|
|
301,487
|
1,799,797
|
|
Growthpoint Properties Ltd.
|
|
1,966,224
|
2,099,246
|
|
Nedbank Group Ltd.
|
|
110,573
|
1,867,018
|
|
Old Mutual Ltd.
|
|
2,096,402
|
1,692,723
|
|
OUTsurance Group Ltd.
|
|
429,887
|
2,147,832
|
|
Remgro Ltd.
|
|
176,449
|
2,069,643
|
|
Sanlam Ltd.
|
|
354,786
|
1,885,445
|
|
Shoprite Holdings Ltd.
|
|
115,230
|
2,000,560
|
|
Standard Bank Group Ltd.
|
|
97,854
|
1,944,941
|
|
Vodacom Group Ltd.
|
|
208,841
|
2,016,978
|
|
|
|
|
31,322,323
|
|
Taiwan-19.30%
|
|||
|
Asia Cement Corp.
|
|
2,086,057
|
2,125,789
|
|
Cathay Financial Holding Co. Ltd.
|
|
551,000
|
1,714,867
|
|
Chailease Holding Co. Ltd.
|
|
492,660
|
1,691,274
|
|
Chang Hwa Commercial Bank Ltd.
|
|
4,269,968
|
3,319,629
|
|
Cheng Shin Rubber Industry Co. Ltd.
|
|
1,572,000
|
1,480,331
|
|
Chicony Electronics Co. Ltd.
|
|
400,000
|
1,302,748
|
|
China Airlines Ltd.
|
|
3,114,000
|
2,158,770
|
|
China Steel Corp.
|
|
2,888,000
|
1,689,695
|
|
Chunghwa Telecom Co. Ltd.
|
|
784,509
|
3,372,958
|
|
CTBC Financial Holding Co. Ltd.
|
|
898,992
|
1,794,330
|
|
E.Sun Financial Holding Co. Ltd.
|
|
2,242,633
|
2,674,815
|
|
Eva Airways Corp.
|
|
1,560,000
|
2,081,314
|
|
Far Eastern New Century Corp.
|
|
2,018,070
|
1,691,081
|
|
Far EasTone Telecommunications Co. Ltd.
|
|
650,972
|
2,113,234
|
|
First Financial Holding Co. Ltd.
|
|
2,870,488
|
3,261,046
|
|
Fubon Financial Holding Co. Ltd.
|
|
491,000
|
1,957,112
|
|
Highwealth Construction Corp.
|
|
1,222,000
|
1,657,478
|
|
Hua Nan Financial Holdings Co. Ltd.
|
|
1,842,110
|
2,474,339
|
|
International Games System Co. Ltd.
|
|
66,000
|
1,579,438
|
|
Lien Hwa Industrial Holdings Corp.
|
|
1,619,981
|
2,010,333
|
|
Mega Financial Holding Co. Ltd.
|
|
2,049,012
|
3,358,687
|
|
Pou Chen Corp.
|
|
2,085,000
|
1,542,565
|
|
President Chain Store Corp.
|
|
360,000
|
2,492,937
|
|
Ruentex Development Co. Ltd.
|
|
2,179,000
|
1,813,450
|
|
Shanghai Commercial & Savings Bank Ltd.
(The)
|
|
2,248,627
|
3,153,417
|
|
Simplo Technology Co. Ltd.
|
|
133,000
|
1,437,428
|
|
SinoPac Financial Holdings Co. Ltd.
|
|
2,105,378
|
2,625,701
|
|
Starlux Airlines Co. Ltd.(d)
|
|
4,582,062
|
3,062,930
|
|
Taichung Commercial Bank Co. Ltd.
|
|
4,932,236
|
3,120,024
|
|
Taiwan Business Bank
|
|
5,626,870
|
3,157,773
|
|
Taiwan Cooperative Financial Holding Co.
Ltd.
|
|
5,152,480
|
4,390,505
|
|
Taiwan High Speed Rail Corp.
|
|
4,091,096
|
3,283,221
|
|
Taiwan Mobile Co. Ltd.
|
|
741,362
|
2,574,774
|
|
Uni-President Enterprises Corp.
|
|
1,084,949
|
2,467,136
|
|
Yuanta Financial Holding Co. Ltd.
|
|
933,000
|
1,946,414
|
|
|
|
|
82,577,543
|
|
Thailand-6.61%
|
|||
|
Advanced Info Service PCL, NVDR
|
|
176,503
|
2,004,877
|
|
Bangkok Bank PCL, NVDR
|
|
443,198
|
2,537,140
|
|
Bangkok Dusit Medical Services PCL, NVDR
|
|
3,186,676
|
1,830,192
|
|
Kasikornbank PCL, NVDR
|
|
389,469
|
2,841,598
|
|
|
Shares
|
Value
|
|
|
Thailand-(continued)
|
|||
|
Krung Thai Bank PCL, NVDR
|
|
1,587,148
|
$2,096,618
|
|
PTT PCL, NVDR
|
|
1,869,224
|
2,154,783
|
|
SCB X PCL, NVDR
|
|
625,431
|
2,860,309
|
|
Thai Beverage PCL
|
|
6,754,394
|
2,424,105
|
|
Thanachart Capital PCL, NVDR
|
|
1,207,960
|
2,819,245
|
|
Tisco Financial Group PCL, NVDR
|
|
1,034,711
|
3,976,503
|
|
TMBThanachart Bank PCL, NVDR
|
|
29,966,859
|
2,739,010
|
|
|
|
|
28,284,380
|
|
United Arab Emirates-2.96%
|
|||
|
Abu Dhabi National Oil Co. for Distribution
PJSC
|
|
2,313,826
|
2,519,883
|
|
ADNOC Gas PLC
|
|
2,701,133
|
2,424,207
|
|
Borouge PLC
|
|
5,647,294
|
3,689,306
|
|
Dubai Electricity and Water Authority PJSC
|
|
2,550,534
|
1,902,457
|
|
Emirates Telecommunications Group Co.
PJSC
|
|
384,934
|
2,132,266
|
|
|
|
|
12,668,119
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.23%
(Cost $376,267,762)
|
424,493,584
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-2.49%
|
|||
|
Invesco Private Government Fund,
3.69%(f)(g)(h)
|
|
2,964,910
|
$2,964,910
|
|
Invesco Private Prime Fund, 3.82%(f)(g)(h)
|
|
7,702,495
|
7,703,265
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $10,667,962)
|
10,668,175
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.72%
(Cost $386,935,724)
|
435,161,759
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.72)%
|
(7,375,129
)
|
||
|
NET ASSETS-100.00%
|
$427,786,630
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
CPO-Certificates of Ordinary Participation
|
|
GDR-Global Depositary Receipt
|
|
NVDR-Non-Voting Depositary Receipt
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $12,099,802, which represented 2.83% of the Fund’s Net Assets.
|
|
(c)
|
Each CPO for Fomento Economico Mexicano, S.A.B. de C.V. represents one Series B share
and four Series D shares.
|
|
(d)
|
Non-income producing security.
|
|
(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 July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$246,488
|
$24,716,473
|
$(24,962,961
)
|
$-
|
$-
|
$-
|
$12,034
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
1,599,725
|
45,565,608
|
(44,200,423
)
|
-
|
-
|
2,964,910
|
250,736
*
|
|
Invesco Private Prime Fund
|
5,346,672
|
71,091,336
|
(68,732,964
)
|
477
|
(2,256
)
|
7,703,265
|
306,827
*
|
|
Total
|
$7,192,885
|
$141,373,417
|
$(137,896,348
)
|
$477
|
$(2,256
)
|
$10,668,175
|
$569,597
|
|
*
|
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 July 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.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Equity Risk
|
|
|
|
|
|
|
MSCI Emerging Markets Index
|
37
|
September-2026
|
$3,038,255
|
$(79,363
)
|
$(79,363
)
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.34%
|
|||
|
Belgium-0.05%
|
|||
|
Cenergy Holdings S.A.
|
|
527
|
$13,133
|
|
Brazil-7.15%
|
|||
|
Ambev S.A.
|
|
25,266
|
79,518
|
|
Axia Energia S.A.
|
|
8,816
|
91,654
|
|
Banco Bradesco S.A.
|
|
11,436
|
35,992
|
|
Banco Bradesco S.A., Preference Shares
|
|
41,018
|
148,792
|
|
Banco BTG Pactual S.A., Series CPO
|
|
8,000
|
89,437
|
|
Cia de Saneamento Basico do Estado de Sao
Paulo SABESP
|
|
15,693
|
85,559
|
|
Cia Paranaense de Energia
|
|
13,829
|
40,366
|
|
CPFL Energia S.A.
|
|
1,335
|
12,124
|
|
Eneva S.A.(a)
|
|
5,668
|
29,352
|
|
Itau Unibanco Holding S.A.
|
|
4,430
|
39,795
|
|
Itau Unibanco Holding S.A., Preference Shares
|
|
43,511
|
367,313
|
|
Itausa S.A., Preference Shares
|
|
45,292
|
123,200
|
|
Motiva Infraestrutura de Mobilidade S.A.
|
|
6,121
|
17,782
|
|
Rede D’Or Sao Luiz S.A.(b)
|
|
6,207
|
42,319
|
|
Telefonica Brasil S.A.
|
|
4,430
|
28,451
|
|
TIM S.A.
|
|
5,813
|
22,231
|
|
Vale S.A.
|
|
28,017
|
420,642
|
|
Vibra Energia S.A.
|
|
7,165
|
50,840
|
|
|
|
|
1,725,367
|
|
Chile-1.34%
|
|||
|
Banco de Chile
|
|
391,180
|
81,613
|
|
Banco de Credito e Inversiones S.A.
|
|
913
|
65,785
|
|
Banco Santander Chile
|
|
465,482
|
40,604
|
|
Falabella S.A.
|
|
6,626
|
44,360
|
|
LATAM Airlines Group S.A.
|
|
2,248,536
|
59,914
|
|
Plaza S.A.
|
|
7,776
|
31,573
|
|
|
|
|
323,849
|
|
China-11.20%
|
|||
|
3SBio, Inc.(a)(b)(c)
|
|
16,485
|
35,208
|
|
Aluminum Corp. of China Ltd., H Shares
|
|
36,239
|
39,464
|
|
Ascletis Pharma, Inc.(a)(b)
|
|
1,764
|
1,878
|
|
China Eastern Airlines Corp. Ltd., H Shares(a)
|
|
10,075
|
4,196
|
|
China Gold International Resources Corp. Ltd.
|
|
3,173
|
71,642
|
|
China Hongqiao Group Ltd.
|
|
32,267
|
101,544
|
|
China Life Insurance Co. Ltd., H Shares
|
|
65,017
|
242,079
|
|
China Medical System Holdings Ltd.
|
|
8,022
|
12,225
|
|
China Nonferrous Mining Corp. Ltd.
|
|
10,584
|
19,975
|
|
China Pacific Insurance (Group) Co. Ltd., H
Shares
|
|
14,064
|
54,898
|
|
China Reinsurance Group Corp., H Shares
|
|
49,750
|
8,697
|
|
China Resources Mixc Lifestyle Services Ltd.(b)
|
|
3,453
|
17,564
|
|
China Taiping Insurance Holdings Co. Ltd.
|
|
9,668
|
27,128
|
|
CMOC Group Ltd., H Shares
|
|
43,736
|
94,271
|
|
COSCO SHIPPING Energy Transportation Co.
Ltd., H Shares
|
|
7,056
|
12,479
|
|
CSPC Pharmaceutical Group Ltd.
|
|
48,195
|
52,727
|
|
Datang International Power Generation Co. Ltd.,
H Shares(c)
|
|
17,639
|
5,676
|
|
Dekon Food And Agriculture Group, H
Shares(a)(b)(c)
|
|
336
|
2,179
|
|
Dongfang Electric Corp. Ltd., H Shares
|
|
2,751
|
7,541
|
|
Fufeng Group Ltd.(c)
|
|
7,056
|
4,654
|
|
Ganfeng Lithium Group Co. Ltd., H Shares(b)
|
|
3,523
|
16,552
|
|
GF Securities Co. Ltd., H Shares
|
|
6,815
|
14,863
|
|
Goldwind Science & Technology Co. Ltd., H
Shares
|
|
4,842
|
6,013
|
|
Hansoh Pharmaceutical Group Co. Ltd.(b)
|
|
7,678
|
31,441
|
|
|
Shares
|
Value
|
|
|
China-(continued)
|
|||
|
Hengan International Group Co. Ltd.
|
|
3,528
|
$11,130
|
|
Hua Hong Semiconductor Ltd.(a)(b)(c)
|
|
7,827
|
127,570
|
|
Innovent Biologics, Inc.(a)(b)
|
|
9,475
|
104,635
|
|
JD Health International, Inc.(a)(b)
|
|
5,916
|
29,774
|
|
Jiangxi Copper Co. Ltd., H Shares
|
|
14,194
|
63,871
|
|
JL Mag Rare-Earth Co. Ltd., H Shares(b)
|
|
794
|
1,663
|
|
Joinn Laboratories China Co. Ltd., H Shares(b)
|
|
882
|
2,500
|
|
Lygend Resources & Technology Co. Ltd., H
Shares(b)
|
|
1,343
|
2,267
|
|
Minth Group Ltd.
|
|
4,214
|
14,929
|
|
MMG Ltd.(a)(c)
|
|
44,722
|
48,000
|
|
Nanshan Aluminium International Holdings Ltd.
|
|
529
|
1,836
|
|
New China Life Insurance Co. Ltd., H Shares
|
|
8,964
|
55,281
|
|
Nine Dragons Paper Holdings Ltd.(a)(c)
|
|
13,754
|
13,256
|
|
People’s Insurance Co. (Group) of China Ltd.
(The), H Shares
|
|
49,997
|
34,761
|
|
PetroChina Co. Ltd., H Shares
|
|
132,851
|
169,065
|
|
Ping An Healthcare and Technology Co.
Ltd.(a)(b)
|
|
6,645
|
6,636
|
|
Ping An Insurance (Group) Co. of China Ltd., H
Shares
|
|
41,160
|
307,528
|
|
Pop Mart International Group Ltd.(b)(c)
|
|
4,171
|
86,564
|
|
Remegen Co. Ltd., B Shares(a)(b)
|
|
2,314
|
24,116
|
|
Sany Heavy Equipment International Holdings
Co. Ltd.
|
|
9,483
|
8,984
|
|
Shandong Gold Mining Co. Ltd., H Shares(b)
|
|
8,629
|
22,276
|
|
Shanghai Conant Optical Co. Ltd., H Shares
|
|
1,375
|
5,543
|
|
Shanghai Fudan Microelectronics Group Co.
Ltd., H Shares
|
|
2,404
|
7,328
|
|
Shanghai Henlius Biotech, Inc., H Shares(a)(b)
|
|
504
|
3,576
|
|
Sichuan Kelun-Biotech Biopharmaceutical Co.
Ltd.(a)
|
|
265
|
16,295
|
|
Sino Biopharmaceutical Ltd.
|
|
72,428
|
46,474
|
|
SITC International Holdings Co. Ltd.
|
|
6,909
|
34,837
|
|
VOYAH Automobile Technology Co. Ltd., H
Shares(a)
|
|
1,679
|
620
|
|
Wanguo Gold Group Ltd.(c)
|
|
8,556
|
11,511
|
|
Weichai Power Co. Ltd., H Shares
|
|
13,347
|
55,812
|
|
WuXi AppTec Co. Ltd., H Shares(b)(c)
|
|
2,508
|
51,437
|
|
Wuxi Biologics (Cayman), Inc.(a)(b)
|
|
19,424
|
95,877
|
|
WuXi XDC Cayman, Inc.(a)
|
|
942
|
6,214
|
|
XD, Inc.(a)(b)(c)
|
|
2,669
|
16,206
|
|
Yangtze Optical Fibre and Cable Joint Stock Ltd.
Co., H Shares(b)
|
|
2,806
|
34,039
|
|
ZCZL Industrial Technology Group Co. Ltd., H
Shares
|
|
2,059
|
3,694
|
|
Zhaojin Mining Industry Co. Ltd., H Shares
|
|
15,142
|
41,051
|
|
Zijin Mining Group Co. Ltd., H Shares
|
|
58,886
|
250,054
|
|
|
|
|
2,702,104
|
|
Colombia-0.84%
|
|||
|
Grupo Cibest S.A.
|
|
2,369
|
67,322
|
|
Grupo Cibest S.A., Preference Shares
|
|
3,843
|
90,989
|
|
Grupo de Inversiones Suramericana S.A.,
Preference Shares
|
|
1,249
|
17,743
|
|
Interconexion Electrica S.A. ESP
|
|
2,713
|
25,780
|
|
|
|
|
201,834
|
|
Czech Republic-0.10%
|
|||
|
Komercni banka A.S.
|
|
480
|
24,004
|
|
Greece-1.90%
|
|||
|
Alpha Bank S.A.
|
|
17,265
|
85,419
|
|
Eurobank S.A.
|
|
16,427
|
84,696
|
|
|
Shares
|
Value
|
|
|
Greece-(continued)
|
|||
|
GEK TERNA S.A.
|
|
570
|
$29,769
|
|
Motor Oil Hellas Corinth Refineries S.A.
|
|
449
|
26,318
|
|
National Bank of Greece S.A.
|
|
5,866
|
109,512
|
|
Piraeus Bank S.A.(a)
|
|
8,136
|
94,685
|
|
Public Power Corp. S.A.
|
|
1,055
|
27,124
|
|
|
|
|
457,523
|
|
Guatemala-0.39%
|
|||
|
Millicom International Cellular S.A.
|
|
998
|
95,289
|
|
Hong Kong-0.31%
|
|||
|
Grand Pharmaceutical Group Ltd.
|
|
5,353
|
3,524
|
|
Regencell Bioscience Holdings Ltd.(a)(c)
|
|
499
|
3,084
|
|
Time Interconnect Technology Ltd.
|
|
5,292
|
8,874
|
|
WH Group Ltd.
|
|
55,845
|
60,093
|
|
|
|
|
75,575
|
|
Hungary-1.28%
|
|||
|
MOL Hungarian Oil & Gas PLC(a)
|
|
2,743
|
39,212
|
|
OTP Bank Nyrt.
|
|
1,817
|
268,751
|
|
|
|
|
307,963
|
|
India-2.76%
|
|||
|
Aditya Birla Capital Ltd.(a)
|
|
5,793
|
24,537
|
|
Ashok Leyland Ltd.
|
|
20,499
|
35,685
|
|
AU Small Finance Bank Ltd.(b)
|
|
2,157
|
23,673
|
|
Canara Bank
|
|
11,300
|
14,792
|
|
Federal Bank Ltd.
|
|
11,247
|
42,283
|
|
GE Vernova T&D India Ltd.
|
|
689
|
31,198
|
|
Hindalco Industries Ltd.
|
|
9,322
|
95,521
|
|
Hindustan Copper Ltd.
|
|
2,778
|
14,351
|
|
Indian Bank
|
|
1,721
|
15,077
|
|
L&T Finance Ltd.
|
|
6,572
|
21,432
|
|
Laurus Labs Ltd.(b)
|
|
2,322
|
44,204
|
|
Multi Commodity Exchange of India Ltd.
|
|
957
|
27,007
|
|
Muthoot Finance Ltd.
|
|
657
|
21,465
|
|
National Aluminium Co. Ltd.
|
|
5,877
|
21,622
|
|
Shriram Finance Ltd.
|
|
9,895
|
108,451
|
|
State Bank of India
|
|
11,688
|
125,791
|
|
|
|
|
667,089
|
|
Indonesia-0.23%
|
|||
|
PT Aneka Tambang Tbk
|
|
72,025
|
11,478
|
|
PT Barito Pacific Tbk
|
|
155,642
|
15,834
|
|
PT Bumi Resources Minerals Tbk(a)
|
|
545,718
|
16,907
|
|
PT Impack Pratama Industri Tbk(a)
|
|
110,035
|
9,400
|
|
PT MD Entertainment Tbk(a)
|
|
23,447
|
1,378
|
|
|
|
|
54,997
|
|
Malaysia-0.48%
|
|||
|
99 Speed Mart Retail Holdings Bhd.
|
|
11,200
|
10,030
|
|
Press Metal Aluminium Holdings Bhd.
|
|
22,575
|
43,823
|
|
RHB Bank Bhd.
|
|
12,655
|
26,469
|
|
Sunway REIT
|
|
11,900
|
6,461
|
|
TIME dotCom Bhd.
|
|
7,200
|
10,573
|
|
United Plantations Bhd.
|
|
2,145
|
17,725
|
|
|
|
|
115,081
|
|
Mexico-2.39%
|
|||
|
CEMEX S.A.B. de C.V., Series CPO(c)(d)
|
|
97,001
|
114,666
|
|
Grupo Mexico S.A.B. de C.V., Class B
|
|
22,073
|
264,259
|
|
Industrias Penoles S.A.B. de C.V.
|
|
1,882
|
86,483
|
|
Southern Copper Corp.
|
|
609
|
111,270
|
|
|
|
|
576,678
|
|
|
Shares
|
Value
|
|
|
Peru-1.10%
|
|||
|
Credicorp Ltd.
|
|
665
|
$266,386
|
|
Poland-1.76%
|
|||
|
KGHM Polska Miedz S.A.
|
|
1,289
|
106,630
|
|
Orange Polska S.A.
|
|
3,907
|
15,920
|
|
ORLEN S.A.
|
|
5,601
|
221,795
|
|
Powszechny Zaklad Ubezpieczen S.A.
|
|
3,185
|
60,528
|
|
Tauron Polska Energia S.A.
|
|
8,522
|
20,540
|
|
|
|
|
425,413
|
|
Qatar-0.04%
|
|||
|
Estithmar Holding Q.P.S.C.(a)
|
|
8,417
|
9,741
|
|
Russia-0.00%
|
|||
|
Alrosa PJSC(a)(e)
|
|
11,439
|
0
|
|
Gazprom PJSC(a)(e)
|
|
43,562
|
0
|
|
Severstal PAO(a)(e)
|
|
1,045
|
0
|
|
|
|
|
0
|
|
South Africa-3.95%
|
|||
|
Absa Group Ltd.
|
|
4,618
|
63,534
|
|
Capitec Bank Holdings Ltd.
|
|
528
|
150,489
|
|
Gold Fields Ltd.
|
|
7,050
|
227,253
|
|
Growthpoint Properties Ltd.
|
|
25,856
|
27,605
|
|
Impala Platinum Holdings Ltd.
|
|
7,525
|
81,920
|
|
MTN Group Ltd.
|
|
9,797
|
121,234
|
|
Northam Platinum Holdings Ltd.
|
|
3,074
|
43,937
|
|
Sibanye Stillwater Ltd.
|
|
30,733
|
66,300
|
|
Valterra Platinum Ltd.
|
|
1,844
|
137,830
|
|
Vodacom Group Ltd.
|
|
3,336
|
32,219
|
|
|
|
|
952,321
|
|
South Korea-45.86%
|
|||
|
APR Co., Ltd.
|
|
403
|
89,440
|
|
CJ Corp.
|
|
90
|
8,072
|
|
Doosan Co. Ltd.
|
|
48
|
37,900
|
|
Doosan Co. Ltd., Preference Shares
|
|
29
|
8,632
|
|
Doosan Enerbility Co. Ltd.(a)
|
|
4,477
|
205,176
|
|
Ecopro Co. Ltd.(a)
|
|
655
|
35,857
|
|
GS Holdings Corp.
|
|
315
|
19,489
|
|
Hana Financial Group, Inc.
|
|
1,758
|
151,960
|
|
Hanwha Aerospace Co. Ltd.
|
|
282
|
181,041
|
|
Hanwha Corp.
|
|
231
|
13,578
|
|
Hanwha Corp., Third Pfd.
|
|
140
|
2,872
|
|
Hanwha Ocean Co. Ltd.(a)
|
|
831
|
49,195
|
|
Hanwha Systems Co. Ltd., Class C
|
|
620
|
27,154
|
|
HD Hyundai Co. Ltd.
|
|
398
|
54,651
|
|
HD Hyundai Electric Co. Ltd.
|
|
135
|
62,428
|
|
Hyosung Heavy Industries Corp.
|
|
87
|
141,394
|
|
Hyundai Autoever Corp.
|
|
55
|
13,760
|
|
Hyundai Engineering & Construction Co. Ltd.
|
|
692
|
44,838
|
|
Hyundai Motor Co.
|
|
1,103
|
292,248
|
|
Hyundai Motor Co., First Pfd.
|
|
137
|
18,741
|
|
Hyundai Motor Co., Preference Shares
|
|
18
|
2,352
|
|
Hyundai Motor Co., Second Pfd.
|
|
210
|
28,928
|
|
Hyundai Rotem Co. Ltd.
|
|
760
|
70,627
|
|
Industrial Bank of Korea
|
|
1,665
|
23,871
|
|
KIWOOM Securities Co. Ltd.
|
|
169
|
33,745
|
|
Korea Aerospace Industries Ltd.
|
|
674
|
60,009
|
|
Korea Electric Power Corp.
|
|
2,130
|
51,185
|
|
Korea Investment Holdings Co. Ltd.
|
|
380
|
53,646
|
|
Korea Investment Holdings Co. Ltd., Preference
Shares
|
|
63
|
6,563
|
|
LG Uplus Corp.
|
|
1,486
|
15,237
|
|
LIG Defense&Aerospace Co. Ltd.
|
|
70
|
34,204
|
|
|
Shares
|
Value
|
|
|
South Korea-(continued)
|
|||
|
LS Electric Co. Ltd.
|
|
460
|
$57,921
|
|
Mirae Asset Securities Co. Ltd.
|
|
2,704
|
64,235
|
|
Mirae Asset Securities Co. Ltd., Pfd.
|
|
1,805
|
13,645
|
|
NH Investment & Securities Co. Ltd.
|
|
1,084
|
21,232
|
|
Peptron, Inc.(a)
|
|
137
|
12,146
|
|
Rainbow Robotics(a)
|
|
41
|
12,188
|
|
Sam Chun Dang Pharm Co. Ltd.
|
|
90
|
9,281
|
|
Samsung C&T Corp.
|
|
797
|
185,671
|
|
Samsung E&A Co. Ltd.
|
|
919
|
27,204
|
|
Samsung Electro-Mechanics Co. Ltd.
|
|
365
|
278,914
|
|
Samsung Electro-Mechanics Co. Ltd.,
Preference Shares
|
|
19
|
5,256
|
|
Samsung Electronics Co. Ltd.
|
|
14,049
|
2,445,296
|
|
Samsung Electronics Co. Ltd., Preference
Shares
|
|
9,553
|
1,200,478
|
|
Samsung Heavy Industries Co. Ltd.(a)
|
|
4,889
|
72,690
|
|
Samsung Life Insurance Co. Ltd.
|
|
744
|
155,958
|
|
Samsung Securities Co. Ltd.
|
|
464
|
31,450
|
|
Shinhan Financial Group Co. Ltd.
|
|
2,967
|
205,969
|
|
SK hynix, Inc.
|
|
2,867
|
3,255,925
|
|
SK Square Co. Ltd.(a)
|
|
1,371
|
942,718
|
|
SK, Inc.
|
|
270
|
100,871
|
|
Woori Financial Group, Inc.
|
|
5,617
|
130,030
|
|
|
|
|
11,067,871
|
|
Taiwan-14.12%
|
|||
|
Asia Vital Components Co. Ltd.
|
|
2,351
|
165,341
|
|
ASPEED Technology, Inc.
|
|
219
|
95,647
|
|
Caliway Biopharmaceuticals Co. Ltd.(a)
|
|
7,232
|
22,910
|
|
Chroma ATE, Inc.
|
|
3,083
|
193,693
|
|
Compeq Manufacturing Co. Ltd.
|
|
7,717
|
39,482
|
|
Delta Electronics, Inc.
|
|
18,082
|
889,591
|
|
Elite Material Co. Ltd.
|
|
2,477
|
355,580
|
|
Gold Circuit Electronics Ltd.
|
|
3,048
|
73,055
|
|
King Slide Works Co. Ltd.
|
|
393
|
94,171
|
|
King Yuan Electronics Co. Ltd.
|
|
9,023
|
60,943
|
|
MPI Corp.
|
|
646
|
102,828
|
|
Nan Ya Plastics Corp.
|
|
36,173
|
171,870
|
|
Nan Ya Printed Circuit Board Corp.
|
|
1,526
|
42,015
|
|
Nanya Technology Corp.
|
|
18,627
|
199,146
|
|
Phison Electronics Corp.
|
|
2,358
|
116,050
|
|
Powerchip Semiconductor Manufacturing
Corp.(a)
|
|
29,987
|
49,044
|
|
Powertech Technology, Inc.
|
|
4,683
|
33,482
|
|
Silicon Motion Technology Corp., ADR
|
|
224
|
56,806
|
|
Taiwan Glass Industry Corp.(a)
|
|
7,608
|
10,514
|
|
Tripod Technology Corp.
|
|
2,910
|
32,674
|
|
Unimicron Technology Corp.
|
|
9,814
|
230,266
|
|
Winbond Electronics Corp.
|
|
49,390
|
190,492
|
|
Yageo Corp.
|
|
12,095
|
182,045
|
|
|
|
|
3,407,645
|
|
Thailand-0.04%
|
|||
|
Tisco Financial Group PCL, NVDR
|
|
2,259
|
8,682
|
|
|
Shares
|
Value
|
|
|
Turkey-1.11%
|
|||
|
Aselsan Elektronik Sanayi Ve Ticaret A.S.
|
|
13,556
|
$97,646
|
|
Destek Finans Faktoring A.S.(a)
|
|
703
|
25,133
|
|
Efor Yatirim Sanayi Ticaret A.S.
|
|
5,252
|
2,303
|
|
EIS Eczacibasi Ilac, Sinai ve Finansal Yatirimlar
Sanayi ve Ticaret A.S.
|
|
1,014
|
1,456
|
|
Enerjisa Enerji A.S.(b)
|
|
1,439
|
3,296
|
|
Enerya Enerji A.S.
|
|
19,251
|
3,736
|
|
Enka Insaat ve Sanayi A.S.
|
|
12,280
|
22,630
|
|
Gubre Fabrikalari T.A.S.(a)
|
|
354
|
2,964
|
|
Kiler Holding A.S.(a)
|
|
3,965
|
6,153
|
|
Koza Altin Isletmeleri A.S.(a)
|
|
6,798
|
6,303
|
|
Margun Enerji Uretim Sanayi ve Ticaret A.S(a)
|
|
10,250
|
7,960
|
|
Pasifik Eurasia Lojistik Dis Ticaret AS(a)
|
|
2,736
|
8,934
|
|
Peker Gayrimenkul Yatirim Ortakligi A.S.(a)
|
|
56,187
|
17,386
|
|
Ral Yatirim Holding A.S.(a)
|
|
909
|
4,601
|
|
TAB Gida Sanayi ve Ticaret A.S.
|
|
354
|
1,811
|
|
Tera Yatirim Menkul Degerler A.S.(a)
|
|
3,530
|
13,312
|
|
Turkiye Halk Bankasi A.S.(a)
|
|
3,484
|
2,741
|
|
Turkiye Petrol Rafinerileri A.S.
|
|
6,154
|
38,329
|
|
|
|
|
266,694
|
|
United Arab Emirates-0.93%
|
|||
|
Abu Dhabi Islamic Bank PJSC
|
|
9,423
|
54,436
|
|
Air Arabia PJSC
|
|
17,205
|
22,819
|
|
Dubai Islamic Bank PJSC
|
|
15,344
|
30,411
|
|
Emirates NBD Bank PJSC
|
|
14,274
|
117,241
|
|
|
|
|
224,907
|
|
United States-0.01%
|
|||
|
Cirrus Aircraft Ltd.
|
|
529
|
2,957
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral from
securities on loan)-99.34%
(Cost $23,239,270)
|
23,973,103
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.39%
|
|||
|
Invesco Private Government Fund,
3.69%(f)(g)(h)
|
|
92,802
|
92,802
|
|
Invesco Private Prime Fund, 3.82%(f)(g)(h)
|
|
240,977
|
241,001
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $333,804)
|
333,803
|
||
|
TOTAL INVESTMENTS IN SECURITIES-100.73%
(Cost $23,573,074)
|
24,306,906
|
||
|
OTHER ASSETS LESS LIABILITIES-(0.73)%
|
(175,057
)
|
||
|
NET ASSETS-100.00%
|
$24,131,849
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
CPO-Certificates of Ordinary Participation
|
|
NVDR-Non-Voting Depositary Receipt
|
|
Pfd.-Preferred
|
|
REIT-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $827,450, which represented 3.43% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(d)
|
Each CPO for Cemex S.A.B. de C.V. represents two Series A shares and one Series B
share.
|
|
(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 July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$69,687
|
$7,554,727
|
$(7,624,414
)
|
$-
|
$-
|
$-
|
$2,128
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
53,739
|
2,158,701
|
(2,119,638
)
|
-
|
-
|
92,802
|
6,734
*
|
|
Invesco Private Prime Fund
|
140,723
|
2,922,113
|
(2,821,767
)
|
(1
)
|
(67
)
|
241,001
|
7,973
*
|
|
Total
|
$264,149
|
$12,635,541
|
$(12,565,819
)
|
$(1
)
|
$(67
)
|
$333,803
|
$16,835
|
|
*
|
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 July 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-99.51%
|
|||
|
Australia-8.95%
|
|||
|
ANZ Group Holdings Ltd.
|
|
56,619
|
$1,477,009
|
|
APA Group
|
|
270,559
|
1,931,845
|
|
Aurizon Holdings Ltd.
|
|
536,612
|
1,575,133
|
|
Coles Group Ltd.
|
|
87,065
|
1,468,071
|
|
Dexus
|
|
395,121
|
1,656,297
|
|
Endeavour Group Ltd.(a)
|
|
641,839
|
1,563,660
|
|
GPT Group (The)
|
|
447,120
|
1,607,498
|
|
Lottery Corp. Ltd. (The)
|
|
387,603
|
1,515,819
|
|
Medibank Pvt. Ltd.
|
|
446,547
|
1,615,628
|
|
Mirvac Group
|
|
1,165,435
|
1,458,957
|
|
National Australia Bank Ltd.
|
|
54,104
|
1,563,740
|
|
Scentre Group
|
|
616,000
|
1,688,114
|
|
Suncorp Group Ltd.
|
|
106,409
|
1,429,062
|
|
Telstra Group Ltd.
|
|
628,548
|
2,214,911
|
|
TPG Telecom Ltd.
|
|
597,062
|
1,496,200
|
|
Transurban Group
|
|
186,406
|
1,932,206
|
|
Vicinity Ltd.
|
|
848,918
|
1,592,464
|
|
Wesfarmers Ltd.
|
|
25,950
|
1,622,385
|
|
Westpac Banking Corp.
|
|
54,616
|
1,445,593
|
|
|
|
|
30,854,592
|
|
Belgium-2.30%
|
|||
|
Ackermans & van Haaren N.V.
|
|
4,745
|
1,469,330
|
|
Ageas S.A./N.V.
|
|
23,116
|
1,908,703
|
|
Elia Group S.A./N.V.
|
|
8,802
|
1,258,350
|
|
Groupe Bruxelles Lambert N.V.
|
|
19,674
|
1,770,533
|
|
KBC Group N.V.
|
|
10,659
|
1,529,934
|
|
|
|
|
7,936,850
|
|
Canada-12.97%
|
|||
|
AltaGas Ltd.
|
|
42,570
|
1,692,664
|
|
Bank of Montreal(a)
|
|
10,065
|
1,804,217
|
|
Bank of Nova Scotia (The)
|
|
24,208
|
2,122,007
|
|
BCE, Inc.(a)
|
|
68,256
|
1,479,606
|
|
Canadian Imperial Bank of Commerce
|
|
15,507
|
1,835,394
|
|
Canadian National Railway Co.
|
|
11,718
|
1,488,921
|
|
CCL Industries, Inc., Class B
|
|
22,997
|
1,523,735
|
|
Emera, Inc.(a)
|
|
42,828
|
2,286,948
|
|
Enbridge, Inc.
|
|
32,855
|
1,786,491
|
|
Fortis, Inc.
|
|
40,324
|
2,293,798
|
|
George Weston Ltd.
|
|
19,699
|
1,471,194
|
|
Great-West Lifeco, Inc.
|
|
30,185
|
1,999,782
|
|
Hydro One Ltd.(b)
|
|
56,657
|
2,358,605
|
|
Intact Financial Corp.
|
|
7,274
|
1,427,215
|
|
Loblaw Cos. Ltd.
|
|
29,983
|
1,406,552
|
|
Manulife Financial Corp.
|
|
37,861
|
1,680,312
|
|
Metro, Inc.
|
|
23,776
|
1,579,248
|
|
National Bank of Canada
|
|
12,642
|
2,043,393
|
|
Pembina Pipeline Corp.
|
|
31,895
|
1,558,316
|
|
Power Corp. of Canada
|
|
26,356
|
1,799,839
|
|
Royal Bank of Canada
|
|
10,891
|
2,277,883
|
|
Sun Life Financial, Inc.
|
|
20,430
|
1,693,847
|
|
TC Energy Corp.
|
|
25,224
|
1,697,363
|
|
TELUS Corp.
|
|
141,218
|
1,346,899
|
|
Toronto-Dominion Bank (The)
|
|
17,462
|
2,091,681
|
|
|
|
|
44,745,910
|
|
China-0.48%
|
|||
|
Wilmar International Ltd.
|
|
535,794
|
1,636,790
|
|
|
Shares
|
Value
|
|
|
Denmark-1.03%
|
|||
|
Danske Bank A/S
|
|
27,951
|
$1,604,919
|
|
Tryg A/S
|
|
81,849
|
1,943,388
|
|
|
|
|
3,548,307
|
|
Finland-2.40%
|
|||
|
Elisa OYJ(a)
|
|
34,258
|
1,378,470
|
|
Kesko OYJ, Class B(a)
|
|
67,193
|
1,670,496
|
|
Kone OYJ, Class B
|
|
26,137
|
1,504,627
|
|
Nordea Bank Abp
|
|
86,035
|
1,734,468
|
|
Sampo OYJ
|
|
178,513
|
1,971,997
|
|
|
|
|
8,260,058
|
|
France-3.35%
|
|||
|
Air Liquide S.A.
|
|
9,170
|
1,802,496
|
|
AXA S.A.
|
|
31,443
|
1,626,006
|
|
Bollore SE
|
|
238,297
|
1,061,810
|
|
Danone S.A.
|
|
17,628
|
1,368,123
|
|
ENGIE S.A.
|
|
47,823
|
1,487,337
|
|
Orange S.A.
|
|
67,544
|
1,287,296
|
|
TotalEnergies SE
|
|
15,282
|
1,344,232
|
|
Veolia Environnement S.A.
|
|
39,628
|
1,573,377
|
|
|
|
|
11,550,677
|
|
Germany-2.73%
|
|||
|
Allianz SE
|
|
3,406
|
1,692,713
|
|
Deutsche Boerse AG
|
|
4,734
|
1,422,748
|
|
E.ON SE
|
|
67,315
|
1,446,917
|
|
Hannover Rueck SE
|
|
5,426
|
1,560,501
|
|
Henkel AG & Co. KGaA, Preference Shares
|
|
20,019
|
1,741,296
|
|
Muenchener Rueckversicherungs-Gesellschaft
AG in Muenchen, Class R
|
|
2,575
|
1,543,316
|
|
|
|
|
9,407,491
|
|
Hong Kong-5.25%
|
|||
|
CK Infrastructure Holdings Ltd.
|
|
196,854
|
1,570,375
|
|
CLP Holdings Ltd.
|
|
298,764
|
2,970,718
|
|
HK Electric Investments & HK Electric
Investments Ltd.
|
|
3,208,500
|
2,642,681
|
|
HKT Trust & HKT Ltd.
|
|
1,311,508
|
2,220,408
|
|
Hong Kong & China Gas Co. Ltd. (The)
|
|
2,232,457
|
1,998,782
|
|
Link REIT
|
|
305,600
|
1,523,417
|
|
MTR Corp. Ltd.(a)
|
|
389,401
|
1,643,117
|
|
Power Assets Holdings Ltd.(a)
|
|
246,538
|
1,856,236
|
|
Swire Pacific Ltd., Class A
|
|
133,500
|
1,695,545
|
|
|
|
|
18,121,279
|
|
Italy-2.42%
|
|||
|
Assicurazioni Generali S.p.A.(a)
|
|
33,648
|
1,701,405
|
|
Enel S.p.A.
|
|
135,774
|
1,529,894
|
|
Poste Italiane S.p.A.(a)
|
|
49,656
|
1,498,835
|
|
Snam S.p.A.
|
|
261,577
|
1,769,709
|
|
Terna S.p.A.
|
|
162,258
|
1,855,954
|
|
|
|
|
8,355,797
|
|
Japan-23.80%
|
|||
|
Advance Residence Investment Corp.(a)
|
|
2,374
|
2,201,016
|
|
ALSOK Co. Ltd.
|
|
228,127
|
1,675,587
|
|
Asahi Group Holdings Ltd.(a)
|
|
155,244
|
1,618,936
|
|
Bridgestone Corp.
|
|
63,568
|
1,568,656
|
|
Daito Trust Construction Co. Ltd.
|
|
78,978
|
1,665,817
|
|
Daiwa House Industry Co. Ltd.
|
|
59,911
|
1,758,054
|
|
Daiwa House REIT Investment Corp.
|
|
3,048
|
2,358,148
|
|
GLP J-Reit
|
|
2,412
|
2,190,260
|
|
Hankyu Hanshin Holdings, Inc.(a)
|
|
47,362
|
1,400,287
|
|
Hulic Co. Ltd.
|
|
128,395
|
1,410,607
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
Iida Group Holdings Co. Ltd.
|
|
110,972
|
$1,587,573
|
|
Invincible Investment Corp.
|
|
4,548
|
1,741,598
|
|
Japan Metropolitan Fund Investment Corp.
|
|
2,831
|
2,089,590
|
|
Japan Real Estate Investment Corp.
|
|
2,395
|
1,831,393
|
|
Japan Tobacco, Inc.
|
|
35,644
|
1,588,057
|
|
Kao Corp.
|
|
87,896
|
1,805,435
|
|
KDX Realty Investment Corp.
|
|
2,381
|
2,325,327
|
|
Keio Corp.
|
|
345,844
|
1,755,724
|
|
Kintetsu Group Holdings Co. Ltd.
|
|
66,900
|
1,452,073
|
|
Kyushu Railway Co.
|
|
84,505
|
1,905,481
|
|
Lixil Corp.(a)
|
|
143,122
|
1,553,254
|
|
Marui Group Co. Ltd.
|
|
82,192
|
1,530,046
|
|
Medipal Holdings Corp.
|
|
92,962
|
1,672,660
|
|
MEIJI Holdings Co. Ltd.
|
|
69,326
|
1,647,556
|
|
Mitsubishi HC Capital, Inc.(a)
|
|
183,291
|
1,686,326
|
|
Nichirei Corp.
|
|
113,420
|
1,576,378
|
|
Nippon Building Fund, Inc.
|
|
2,308
|
1,945,347
|
|
Nippon Prologis REIT, Inc.
|
|
3,264
|
1,853,554
|
|
Nisshin Seifun Group, Inc.
|
|
145,314
|
1,838,169
|
|
Nomura Real Estate Master Fund, Inc.
|
|
2,304
|
2,201,983
|
|
NTT, Inc.(a)
|
|
2,140,251
|
2,049,914
|
|
Odakyu Electric Railway Co. Ltd.
|
|
131,903
|
1,458,805
|
|
Oji Holdings Corp.
|
|
307,328
|
1,688,660
|
|
ORIX JREIT, Inc.
|
|
3,570
|
2,308,405
|
|
Secom Co. Ltd.
|
|
36,635
|
1,576,903
|
|
Sekisui House Ltd.(a)
|
|
73,511
|
1,608,111
|
|
SoftBank Corp.
|
|
1,343,742
|
1,884,625
|
|
Sundrug Co. Ltd.
|
|
71,071
|
1,688,103
|
|
Suntory Beverage & Food Ltd.
|
|
56,480
|
1,636,237
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
47,661
|
1,635,238
|
|
Tobu Railway Co. Ltd.
|
|
96,004
|
1,860,836
|
|
Tokyo Metro Co. Ltd.(a)
|
|
224,588
|
2,057,415
|
|
Tokyu Corp.
|
|
152,724
|
1,675,332
|
|
United Urban Investment Corp.
|
|
2,007
|
2,049,424
|
|
USS Co. Ltd.
|
|
134,235
|
1,693,960
|
|
West Japan Railway Co.
|
|
95,031
|
1,791,866
|
|
|
|
|
82,098,726
|
|
Netherlands-1.45%
|
|||
|
Koninklijke Ahold Delhaize N.V.
|
|
36,656
|
1,446,662
|
|
Koninklijke KPN N.V.
|
|
339,324
|
1,598,623
|
|
NN Group N.V.
|
|
20,966
|
1,971,825
|
|
|
|
|
5,017,110
|
|
New Zealand-1.84%
|
|||
|
Auckland International Airport Ltd.
|
|
336,566
|
1,721,544
|
|
Contact Energy Ltd.
|
|
301,209
|
1,606,929
|
|
Mercury NZ Ltd.
|
|
377,295
|
1,485,318
|
|
Spark New Zealand Ltd.
|
|
1,369,672
|
1,544,820
|
|
|
|
|
6,358,611
|
|
Norway-3.22%
|
|||
|
DNB Bank ASA
|
|
47,983
|
1,543,894
|
|
Gjensidige Forsikring ASA
|
|
53,187
|
1,585,497
|
|
Mowi ASA
|
|
71,118
|
1,521,933
|
|
Orkla ASA
|
|
141,013
|
1,565,258
|
|
SpareBank 1 Sor-Norge ASA, Class B
|
|
78,584
|
1,759,189
|
|
Storebrand ASA
|
|
84,443
|
1,796,128
|
|
Telenor ASA
|
|
93,795
|
1,324,986
|
|
|
|
|
11,096,885
|
|
Singapore-7.88%
|
|||
|
CapitaLand Ascendas REIT
|
|
1,098,531
|
2,198,019
|
|
CapitaLand Integrated Commercial Trust
|
|
1,108,758
|
2,149,546
|
|
|
Shares
|
Value
|
|
|
Singapore-(continued)
|
|||
|
CapitaLand Investment Ltd.
|
|
910,490
|
$1,884,867
|
|
DBS Group Holdings Ltd.
|
|
43,435
|
2,503,423
|
|
Genting Singapore Ltd.(a)
|
|
2,868,394
|
1,418,222
|
|
Jardine Cycle & Carriage Ltd.
|
|
62,044
|
1,420,360
|
|
Mapletree Industrial Trust(a)
|
|
1,576,133
|
2,369,288
|
|
Mapletree Logistics Trust(a)
|
|
2,064,854
|
1,992,648
|
|
Mapletree Pan Asia Commercial Trust(a)
|
|
2,056,043
|
2,129,976
|
|
Oversea-Chinese Banking Corp. Ltd.
|
|
116,824
|
2,650,659
|
|
Singapore Airlines Ltd.
|
|
352,509
|
2,112,409
|
|
Singapore Exchange Ltd.
|
|
89,096
|
1,696,759
|
|
United Overseas Bank Ltd.
|
|
78,827
|
2,663,055
|
|
|
|
|
27,189,231
|
|
Spain-1.49%
|
|||
|
Endesa S.A.
|
|
34,749
|
1,688,287
|
|
Iberdrola S.A.
|
|
86,219
|
2,043,396
|
|
Naturgy Energy Group S.A.
|
|
42,090
|
1,400,952
|
|
|
|
|
5,132,635
|
|
Sweden-6.46%
|
|||
|
Alfa Laval AB
|
|
24,647
|
1,455,841
|
|
Assa Abloy AB, Class B
|
|
39,595
|
1,466,462
|
|
Essity AB, Class B
|
|
59,059
|
1,712,504
|
|
Holmen AB, Class B
|
|
45,633
|
1,544,669
|
|
Industrivarden AB, Class C(a)
|
|
29,379
|
1,678,041
|
|
Investor AB, Class B(a)
|
|
42,001
|
1,810,969
|
|
L E Lundbergforetagen AB, Class B(a)
|
|
29,318
|
1,757,709
|
|
Securitas AB, Class B
|
|
87,799
|
1,407,804
|
|
Skandinaviska Enskilda Banken AB, Class A
|
|
82,734
|
1,935,048
|
|
Svenska Cellulosa AB S.C.A., Class B
|
|
129,500
|
1,469,558
|
|
Svenska Handelsbanken AB, Class A
|
|
99,814
|
1,523,365
|
|
Swedbank AB, Class A
|
|
45,590
|
1,820,196
|
|
Tele2 AB, Class B
|
|
76,430
|
1,321,609
|
|
Telia Co. AB(a)
|
|
299,917
|
1,387,284
|
|
|
|
|
22,291,059
|
|
Switzerland-4.81%
|
|||
|
EMS-Chemie Holding AG(a)
|
|
1,711
|
1,731,340
|
|
Geberit AG
|
|
2,482
|
1,634,178
|
|
Givaudan S.A.
|
|
344
|
1,373,898
|
|
Lonza Group AG(c)
|
|
2,218
|
1,544,751
|
|
Nestle S.A.
|
|
14,191
|
1,417,354
|
|
Schindler Holding AG, PC
|
|
4,862
|
1,529,326
|
|
SGS S.A.
|
|
14,296
|
1,692,768
|
|
Swiss Life Holding AG
|
|
1,759
|
2,074,077
|
|
Swisscom AG
|
|
2,298
|
1,764,580
|
|
Zurich Insurance Group AG
|
|
2,407
|
1,832,120
|
|
|
|
|
16,594,392
|
|
United Kingdom-4.90%
|
|||
|
Aviva PLC
|
|
169,956
|
1,588,292
|
|
Bunzl PLC
|
|
42,610
|
1,605,593
|
|
Haleon PLC
|
|
307,674
|
1,504,002
|
|
Imperial Brands PLC
|
|
38,478
|
1,458,107
|
|
J Sainsbury PLC
|
|
345,571
|
1,663,978
|
|
Legal & General Group PLC
|
|
377,132
|
1,529,017
|
|
National Grid PLC(a)
|
|
91,670
|
1,465,079
|
|
Reckitt Benckiser Group PLC
|
|
21,651
|
1,525,804
|
|
Shell PLC
|
|
31,663
|
1,447,119
|
|
Tesco PLC
|
|
221,126
|
1,453,327
|
|
Unilever PLC
|
|
26,007
|
1,652,307
|
|
|
|
|
16,892,625
|
|
|
Shares
|
Value
|
|
|
United States-1.78%
|
|||
|
Ferrovial N.V.
|
|
22,826
|
$1,491,870
|
|
Novartis AG
|
|
10,804
|
1,688,405
|
|
Swiss Re AG
|
|
9,192
|
1,528,553
|
|
Waste Connections, Inc.
|
|
8,577
|
1,435,807
|
|
|
|
|
6,144,635
|
|
Total Common Stocks & Other Equity Interests
(Cost $307,623,387)
|
343,233,660
|
||
|
Money Market Funds-0.06%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $193,080)
|
|
193,080
|
193,080
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.57%
(Cost $307,816,467)
|
343,426,740
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-12.18%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
10,609,245
|
$10,609,245
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
31,409,313
|
31,412,454
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $42,020,993)
|
42,021,699
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.75%
(Cost $349,837,460)
|
385,448,439
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.75)%
|
(40,514,219
)
|
||
|
NET ASSETS-100.00%
|
$344,934,220
|
||
|
Investment Abbreviations:
|
|
PC-Participation Certificate
|
|
REIT-Real Estate Investment Trust
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The value of this security at July 31, 2026
represented less than 1% of the Fund’s Net Assets.
|
|
(c)
|
Non-income producing security.
|
|
(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 July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$165,733
|
$20,483,294
|
$(20,455,947
)
|
$-
|
$-
|
$193,080
|
$12,939
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
8,699,984
|
85,489,955
|
(83,580,694
)
|
-
|
-
|
10,609,245
|
720,312
*
|
|
Invesco Private Prime Fund
|
27,042,662
|
152,881,602
|
(148,507,066
)
|
961
|
(5,705
)
|
31,412,454
|
849,830
*
|
|
Total
|
$35,908,379
|
$258,854,851
|
$(252,543,707
)
|
$961
|
$(5,705
)
|
$42,214,779
|
$1,583,081
|
|
*
|
Represents the income earned on the investment of cash collateral. Does not include
rebates and fees paid to lending agent or premiums received from
borrowers, if any.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 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-99.82%
|
|||
|
Australia-2.03%
|
|||
|
ALS Ltd.
|
|
273,598
|
$4,121,852
|
|
Evolution Mining Ltd.
|
|
1,599,242
|
12,657,491
|
|
Lynas Rare Earths Ltd.(a)
|
|
518,655
|
5,081,077
|
|
Orica Ltd.
|
|
257,971
|
4,206,334
|
|
Rio Tinto PLC
|
|
515,448
|
50,011,586
|
|
Telstra Group Ltd.
|
|
1,983,426
|
6,989,303
|
|
|
|
|
83,067,643
|
|
Austria-1.13%
|
|||
|
BAWAG Group AG(b)
|
|
41,689
|
8,435,288
|
|
Erste Group Bank AG
|
|
200,742
|
26,182,483
|
|
Raiffeisen Bank International AG
|
|
71,610
|
4,905,561
|
|
Strabag SE, BR
|
|
7,301
|
703,088
|
|
Vienna Insurance Group AG Wiener
Versicherung Gruppe
|
|
31,689
|
2,591,050
|
|
voestalpine AG
|
|
70,457
|
3,661,848
|
|
|
|
|
46,479,318
|
|
Belgium-0.67%
|
|||
|
Elia Group S.A./N.V.
|
|
35,426
|
5,064,564
|
|
KBC Group N.V.
|
|
155,394
|
22,304,397
|
|
|
|
|
27,368,961
|
|
Canada-15.33%
|
|||
|
Agnico Eagle Mines Ltd.
|
|
280,384
|
40,677,016
|
|
Bank of Montreal(c)
|
|
315,351
|
56,528,721
|
|
Bank of Nova Scotia (The)
|
|
804,040
|
70,479,951
|
|
Barrick Mining Corp., Class C
|
|
1,509,078
|
55,345,948
|
|
Bombardier, Inc., Class B(a)
|
|
64,523
|
15,534,090
|
|
Cameco Corp.
|
|
259,576
|
22,385,504
|
|
Canadian Imperial Bank of Commerce
|
|
550,015
|
65,099,255
|
|
Emera, Inc.(c)
|
|
144,390
|
7,710,201
|
|
Great-West Lifeco, Inc.
|
|
128,346
|
8,503,031
|
|
Kinross Gold Corp.
|
|
924,489
|
21,299,130
|
|
Loblaw Cos. Ltd.
|
|
248,703
|
11,667,067
|
|
Lundin Gold, Inc.
|
|
75,969
|
4,250,495
|
|
Pan American Silver Corp.
|
|
232,176
|
9,989,766
|
|
Power Corp. of Canada
|
|
404,764
|
27,641,153
|
|
Saputo, Inc.
|
|
175,331
|
4,928,040
|
|
Toromont Industries Ltd.
|
|
42,524
|
6,392,013
|
|
Toronto-Dominion Bank (The)
|
|
1,414,617
|
169,449,507
|
|
Wheaton Precious Metals Corp.
|
|
272,755
|
29,646,564
|
|
|
|
|
627,527,452
|
|
Chile-0.65%
|
|||
|
Antofagasta PLC
|
|
230,228
|
11,457,718
|
|
Lundin Mining Corp.(c)
|
|
607,271
|
15,025,396
|
|
|
|
|
26,483,114
|
|
China-0.43%
|
|||
|
BOC Hong Kong (Holdings) Ltd.
|
|
2,383,103
|
15,849,410
|
|
Chow Tai Fook Jewellery Group Ltd.(c)
|
|
1,149,601
|
1,810,762
|
|
|
|
|
17,660,172
|
|
Denmark-0.47%
|
|||
|
Danske Bank A/S
|
|
333,430
|
19,145,230
|
|
Finland-0.54%
|
|||
|
Fortum OYJ
|
|
220,807
|
5,008,459
|
|
Metso OYJ(c)
|
|
373,753
|
6,980,224
|
|
Wartsila OYJ Abp
|
|
299,995
|
10,150,592
|
|
|
|
|
22,139,275
|
|
France-3.56%
|
|||
|
Bouygues S.A.
|
|
111,943
|
6,291,514
|
|
|
Shares
|
Value
|
|
|
France-(continued)
|
|||
|
ENGIE S.A.
|
|
1,494,428
|
$46,478,004
|
|
Orange S.A.(c)
|
|
1,335,294
|
25,448,868
|
|
Societe Generale S.A.
|
|
601,816
|
56,441,183
|
|
Thales S.A.
|
|
39,504
|
11,220,671
|
|
|
|
|
145,880,240
|
|
Germany-7.11%
|
|||
|
Bayer AG
|
|
590,738
|
32,709,571
|
|
Commerzbank AG(c)
|
|
550,432
|
23,952,433
|
|
Deutsche Bank AG
|
|
973,844
|
35,762,525
|
|
E.ON SE
|
|
1,530,908
|
32,906,431
|
|
Heidelberg Materials AG
|
|
57,806
|
10,737,199
|
|
Rheinmetall AG
|
|
27,976
|
36,899,488
|
|
RWE AG
|
|
552,904
|
36,289,693
|
|
Siemens Energy AG, Class A
|
|
481,243
|
82,031,705
|
|
|
|
|
291,289,045
|
|
Hong Kong-3.35%
|
|||
|
AIA Group Ltd.
|
|
5,361,578
|
54,055,037
|
|
CK Asset Holdings Ltd.
|
|
1,003,806
|
6,114,827
|
|
DFI Retail Group Holdings Ltd.
|
|
218,602
|
864,297
|
|
Henderson Land Development Co. Ltd.
|
|
646,748
|
2,344,939
|
|
HKT Trust & HKT Ltd.
|
|
1,654,478
|
2,801,063
|
|
Hongkong Land Holdings Ltd.
|
|
779,656
|
6,322,032
|
|
Jardine Matheson Holdings Ltd.
|
|
126,651
|
8,411,521
|
|
MTR Corp. Ltd.(c)
|
|
1,026,205
|
4,330,176
|
|
Prudential PLC
|
|
1,891,838
|
28,389,393
|
|
Sino Land Co. Ltd.(c)
|
|
2,829,131
|
3,853,788
|
|
Sun Hung Kai Properties Ltd.
|
|
1,137,331
|
17,852,062
|
|
Swire Properties Ltd.
|
|
606,220
|
1,846,476
|
|
|
|
|
137,185,611
|
|
Ireland-0.66%
|
|||
|
AIB Group PLC
|
|
1,235,550
|
14,662,053
|
|
Bank of Ireland Group PLC
|
|
591,766
|
12,399,019
|
|
|
|
|
27,061,072
|
|
Israel-4.09%
|
|||
|
Bank Hapoalim B.M.
|
|
886,103
|
21,473,082
|
|
Bank Leumi le-Israel B.M.
|
|
1,005,563
|
23,715,928
|
|
Bezeq The Israeli Telecommunication
Corp. Ltd.
|
|
1,311,753
|
3,137,202
|
|
Clal Insurance Enterprises Holdings Ltd.
|
|
50,745
|
3,833,175
|
|
Delek Group Ltd.
|
|
55,024
|
1,449,971
|
|
Delek Yizum Nechasim Ltd.(a)
|
|
20
|
441
|
|
El Al Israel Airlines
|
|
170,300
|
754,818
|
|
Elbit Systems Ltd.
|
|
16,630
|
13,409,481
|
|
Energix-Renewable Energies Ltd.
|
|
139,817
|
1,011,313
|
|
Enlight Renewable Energy Ltd.(a)
|
|
141,796
|
12,011,983
|
|
FIBI Holdings Ltd.
|
|
8,717
|
853,994
|
|
First International Bank of Israel Ltd.
(The)
|
|
25,270
|
1,947,841
|
|
Harel Insurance Investments & Financial
Services Ltd.
|
|
97,795
|
5,596,009
|
|
Matrix IT Ltd.
|
|
23,833
|
674,073
|
|
Meitav Investment House Ltd.
|
|
38,448
|
1,660,543
|
|
Menora Mivtachim Holdings Ltd.
|
|
17,276
|
2,696,530
|
|
Migdal Insurance & Financial Holdings
Ltd.(a)
|
|
340,011
|
1,927,778
|
|
Mizrahi Tefahot Bank Ltd.
|
|
71,536
|
5,313,752
|
|
Next Vision Stabilized Systems Ltd.
|
|
76,304
|
5,920,640
|
|
OPC Energy Ltd.(a)
|
|
168,158
|
5,266,275
|
|
Phoenix Finance Ltd.
|
|
223,983
|
12,535,439
|
|
Plus500 Ltd.
|
|
39,269
|
2,059,431
|
|
|
Shares
|
Value
|
|
|
Israel-(continued)
|
|||
|
Strauss Group Ltd.
|
|
39,046
|
$1,476,003
|
|
Teva Pharmaceutical Industries Ltd.,
ADR(a)
|
|
581,550
|
20,360,065
|
|
Tower Semiconductor Ltd.(a)
|
|
84,487
|
18,474,111
|
|
|
|
|
167,559,878
|
|
Italy-5.94%
|
|||
|
Banca Mediolanum S.p.A.
|
|
122,477
|
3,274,370
|
|
Banco BPM S.p.A.
|
|
750,074
|
13,664,128
|
|
BPER Banca S.p.A.
|
|
929,095
|
15,063,038
|
|
Enel S.p.A.
|
|
4,372,001
|
49,263,486
|
|
Intesa Sanpaolo S.p.A.
|
|
7,171,233
|
54,087,397
|
|
Leonardo S.p.A.
|
|
182,388
|
11,598,215
|
|
Poste Italiane S.p.A.(c)
|
|
343,408
|
10,365,555
|
|
Snam S.p.A.
|
|
1,080,675
|
7,311,346
|
|
UniCredit S.p.A.
|
|
833,144
|
78,398,249
|
|
|
|
|
243,025,784
|
|
Japan-19.93%
|
|||
|
Advantest Corp.
|
|
481,548
|
95,073,483
|
|
AEON Co. Ltd.
|
|
1,299,155
|
11,137,984
|
|
ENEOS Holdings, Inc.
|
|
1,393,142
|
11,496,637
|
|
Food & Life Cos. Ltd.
|
|
169,911
|
5,927,710
|
|
Fujikura Ltd.
|
|
1,174,546
|
29,783,238
|
|
Hachijuni Nagano Bank Ltd.
|
|
276,578
|
4,294,238
|
|
Haseko Corp.
|
|
128,635
|
2,236,525
|
|
Ibiden Co. Ltd.
|
|
237,608
|
23,753,065
|
|
IHI Corp.(c)
|
|
752,345
|
13,144,805
|
|
Inpex Corp.
|
|
626,035
|
14,418,398
|
|
Iyogin Holdings, Inc.
|
|
143,331
|
3,222,443
|
|
Japan Metropolitan Fund Investment
Corp.
|
|
4,299
|
3,173,136
|
|
Japan Post Bank Co. Ltd.
|
|
1,003,222
|
19,382,814
|
|
Japan Post Insurance Co. Ltd.
|
|
262,769
|
2,891,197
|
|
Japan Tobacco, Inc.
|
|
583,932
|
26,016,091
|
|
JX Advanced Metals Corp.(c)
|
|
493,415
|
11,422,918
|
|
Kajima Corp.
|
|
432,430
|
14,438,434
|
|
Kandenko Co. Ltd.
|
|
109,243
|
3,630,909
|
|
Kinden Corp.
|
|
89,031
|
3,915,160
|
|
Kioxia Holdings Corp.(a)
|
|
198,414
|
55,263,531
|
|
Kokusai Electric Corp.
|
|
87,285
|
3,926,151
|
|
Lasertec Corp.
|
|
40,990
|
9,409,631
|
|
Marubeni Corp.(c)
|
|
1,424,680
|
46,011,931
|
|
Mitsubishi Corp.
|
|
2,253,697
|
67,318,496
|
|
Mitsubishi Electric Corp.
|
|
1,169,502
|
42,097,362
|
|
Mitsubishi Estate Co. Ltd.
|
|
736,961
|
17,877,852
|
|
Mitsubishi Heavy Industries Ltd.
|
|
1,556,450
|
36,334,907
|
|
Mitsui & Co. Ltd.
|
|
1,638,240
|
50,230,337
|
|
Nexon Co. Ltd.
|
|
196,618
|
3,079,165
|
|
NGK Corp.
|
|
168,935
|
5,775,654
|
|
Obayashi Corp.
|
|
407,596
|
8,004,978
|
|
Oji Holdings Corp.
|
|
528,433
|
2,903,555
|
|
Open House Group Co. Ltd.
|
|
37,504
|
1,991,372
|
|
ORIX JREIT, Inc.
|
|
2,472
|
1,598,425
|
|
Osaka Gas Co. Ltd.
|
|
354,199
|
12,143,024
|
|
Resonac Holdings Corp.(c)
|
|
118,011
|
9,822,806
|
|
Shimizu Corp.
|
|
432,610
|
6,367,902
|
|
Shizuoka Financial Group, Inc.
|
|
305,848
|
6,028,310
|
|
Sojitz Corp.
|
|
143,678
|
4,796,737
|
|
Sumitomo Corp.
|
|
3,344,878
|
34,693,548
|
|
Sumitomo Electric Industries Ltd.
|
|
1,845,412
|
24,405,801
|
|
Sumitomo Metal Mining Co. Ltd.
|
|
209,908
|
10,543,165
|
|
Taisei Corp.
|
|
162,793
|
13,176,696
|
|
|
Shares
|
Value
|
|
|
Japan-(continued)
|
|||
|
Tokyo Century Corp.
|
|
90,304
|
$1,474,556
|
|
Tokyo Gas Co. Ltd.
|
|
160,232
|
6,181,073
|
|
Tokyo Ohka Kogyo Co. Ltd.
|
|
73,422
|
3,973,381
|
|
Tokyo Tatemono Co. Ltd.
|
|
101,248
|
2,134,851
|
|
Toyo Seikan Group Holdings Ltd.
|
|
72,922
|
1,851,477
|
|
Toyota Tsusho Corp.
|
|
573,918
|
23,802,713
|
|
Yokohama Rubber Co. Ltd. (The)(c)
|
|
71,629
|
3,399,875
|
|
|
|
|
815,978,447
|
|
Luxembourg-0.41%
|
|||
|
ArcelorMittal S.A.
|
|
237,199
|
16,717,346
|
|
Mexico-0.16%
|
|||
|
Fresnillo PLC
|
|
197,448
|
6,641,350
|
|
Netherlands-2.29%
|
|||
|
ABN AMRO Bank N.V., CVA(b)
|
|
457,130
|
20,632,812
|
|
ING Groep N.V.(c)
|
|
1,598,464
|
56,045,898
|
|
NN Group N.V.
|
|
183,216
|
17,231,229
|
|
|
|
|
93,909,939
|
|
Nigeria-0.07%
|
|||
|
Airtel Africa PLC(b)
|
|
616,246
|
2,777,544
|
|
Norway-0.08%
|
|||
|
Aker ASA, Class A
|
|
12,380
|
1,664,212
|
|
Protector Forsikring ASA
|
|
31,164
|
1,620,458
|
|
|
|
|
3,284,670
|
|
Portugal-0.17%
|
|||
|
Banco Comercial Portugues S.A., Class R
|
|
5,788,351
|
7,115,794
|
|
Singapore-2.44%
|
|||
|
City Developments Ltd.
|
|
464,729
|
2,839,263
|
|
DBS Group Holdings Ltd.
|
|
959,271
|
55,288,613
|
|
Keppel Ltd.
|
|
998,518
|
8,908,345
|
|
Singapore Exchange Ltd.
|
|
382,187
|
7,278,430
|
|
Singapore Technologies Engineering Ltd.
|
|
1,226,017
|
9,623,652
|
|
Singapore Telecommunications Ltd.
|
|
3,510,357
|
12,132,708
|
|
UOL Group Ltd.
|
|
499,010
|
3,846,476
|
|
|
|
|
99,917,487
|
|
Spain-11.48%
|
|||
|
ACS Actividades de Construccion y
Servicios S.A.
|
|
155,316
|
19,753,650
|
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
4,319,588
|
120,813,372
|
|
Banco Santander S.A.(c)
|
|
12,314,736
|
174,748,763
|
|
CaixaBank S.A.
|
|
2,917,957
|
42,291,712
|
|
Endesa S.A.
|
|
187,165
|
9,093,449
|
|
Iberdrola S.A.(c)
|
|
3,645,282
|
86,393,409
|
|
Repsol S.A.
|
|
548,829
|
16,713,070
|
|
|
|
|
469,807,425
|
|
Sweden-1.72%
|
|||
|
Boliden AB
|
|
171,337
|
8,605,180
|
|
Saab AB, Class B
|
|
247,161
|
15,502,080
|
|
Sandvik AB
|
|
555,455
|
20,732,339
|
|
Swedbank AB, Class A
|
|
534,988
|
21,359,574
|
|
Tele2 AB, Class B
|
|
240,644
|
4,161,158
|
|
|
|
|
70,360,331
|
|
United Kingdom-14.22%
|
|||
|
Barclays PLC
|
|
6,980,750
|
47,911,235
|
|
British American Tobacco PLC
|
|
962,818
|
58,318,783
|
|
HSBC Holdings PLC
|
|
9,661,089
|
205,430,613
|
|
Lloyds Banking Group PLC
|
|
42,485,048
|
65,568,183
|
|
NatWest Group PLC
|
|
4,109,320
|
38,704,184
|
|
|
Shares
|
Value
|
|
|
United Kingdom-(continued)
|
|||
|
Rolls-Royce Holdings PLC
|
|
5,478,026
|
$109,122,583
|
|
Standard Chartered PLC
|
|
1,010,264
|
29,826,765
|
|
Standard Life PLC
|
|
426,330
|
5,304,747
|
|
Vodafone Group PLC
|
|
10,813,410
|
17,135,314
|
|
Zegona Communications PLC
|
|
236,298
|
4,656,451
|
|
|
|
|
581,978,858
|
|
United States-0.65%
|
|||
|
Holcim AG(a)
|
|
291,555
|
26,460,607
|
|
Zambia-0.24%
|
|||
|
First Quantum Minerals Ltd.(a)
|
|
349,494
|
9,681,247
|
|
Total Common Stocks & Other Equity Interests
(Cost $3,451,555,901)
|
4,086,503,840
|
||
|
Money Market Funds-0.10%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $3,940,624)
|
|
3,940,624
|
3,940,624
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.92%
(Cost $3,455,496,525)
|
4,090,444,464
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-5.25%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
59,786,382
|
$59,786,382
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
155,275,762
|
155,291,290
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $215,071,748)
|
215,077,672
|
||
|
TOTAL INVESTMENTS IN SECURITIES-105.17%
(Cost $3,670,568,273)
|
4,305,522,136
|
||
|
OTHER ASSETS LESS LIABILITIES-(5.17)%
|
(211,631,087
)
|
||
|
NET ASSETS-100.00%
|
$4,093,891,049
|
||
|
Investment Abbreviations:
|
|
ADR-American Depositary Receipt
|
|
BR-Bearer Shares
|
|
CVA-Dutch Certificates
|
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
July 31, 2026 was $31,845,644, which represented less than 1% of the Fund’s Net Assets.
|
|
(c)
|
All or a portion of this security was out on loan at July 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 July 31, 2026.
|
|
|
Value
October 31, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments in
Affiliated Money
Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
$666,408
|
$305,067,321
|
$(301,793,105
)
|
$-
|
$-
|
$3,940,624
|
$157,000
|
|
Investments
Purchased with Cash
Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
37,061,013
|
611,667,304
|
(588,941,935
)
|
-
|
-
|
59,786,382
|
1,879,937
*
|
|
Invesco Private Prime
Fund
|
100,549,001
|
1,304,910,595
|
(1,250,177,848
)
|
6,138
|
3,404
|
155,291,290
|
2,654,460
*
|
|
Total
|
$138,276,422
|
$2,221,645,220
|
$(2,140,912,888
)
|
$6,138
|
$3,404
|
$219,018,296
|
$4,691,397
|
|
*
|
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.
|
|
(e)
|
The rate shown is the 7-day SEC standardized yield as of July 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 Emerging Markets Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$52,900,495
|
$371,593,089
|
$0
|
$424,493,584
|
|
Money Market Funds
|
-
|
10,668,175
|
-
|
10,668,175
|
|
Total Investments in Securities
|
52,900,495
|
382,261,264
|
-
|
435,161,759
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(79,363
)
|
-
|
-
|
(79,363
)
|
|
Total Investments
|
$52,821,132
|
$382,261,264
|
$0
|
$435,082,396
|
|
Invesco S&P Emerging Markets Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$3,249,293
|
$20,723,810
|
$0
|
$23,973,103
|
|
Money Market Funds
|
-
|
333,803
|
-
|
333,803
|
|
Total Investments
|
$3,249,293
|
$21,057,613
|
$0
|
$24,306,906
|
|
Invesco S&P International Developed Low Volatility ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$46,181,717
|
$297,051,943
|
$-
|
$343,233,660
|
|
Money Market Funds
|
193,080
|
42,021,699
|
-
|
42,214,779
|
|
Total Investments
|
$46,374,797
|
$339,073,642
|
$-
|
$385,448,439
|
|
Invesco S&P International Developed Momentum ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$672,594,601
|
$3,413,909,239
|
$-
|
$4,086,503,840
|
|
Money Market Funds
|
3,940,624
|
215,077,672
|
-
|
219,018,296
|
|
Total Investments
|
$676,535,225
|
$3,628,986,911
|
$-
|
$4,305,522,136
|
|
*
|
Futures contracts is valued at unrealized appreciation (depreciation).
|