|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-100.00%
|
|||
|
Communication Services-7.25%
|
|||
|
Alphabet, Inc., Class A
|
|
53,764
|
$19,146,973
|
|
Alphabet, Inc., Class C
|
|
42,855
|
15,284,236
|
|
AppLovin Corp., Class A(b)
|
|
56,221
|
22,257,894
|
|
EchoStar Corp., Class A(b)
|
|
317,590
|
26,706,143
|
|
Meta Platforms, Inc., Class A
|
|
35,445
|
19,732,586
|
|
Netflix, Inc.(b)
|
|
177,764
|
12,747,457
|
|
TKO Group Holdings, Inc.(c)
|
|
161,567
|
29,374,496
|
|
|
|
|
145,249,785
|
|
Consumer Discretionary-15.65%
|
|||
|
Booking Holdings, Inc.
|
|
80,057
|
15,442,995
|
|
Carnival Corp. Ltd.
|
|
1,028,192
|
28,594,019
|
|
DoorDash, Inc., Class A(b)
|
|
103,452
|
20,293,144
|
|
Expedia Group, Inc.
|
|
95,928
|
28,273,819
|
|
Hilton Worldwide Holdings, Inc.
|
|
74,584
|
23,903,426
|
|
Las Vegas Sands Corp.
|
|
463,646
|
22,667,653
|
|
Marriott International, Inc., Class A
|
|
63,086
|
23,520,353
|
|
O’Reilly Automotive, Inc., Class R(b)
|
|
170,931
|
15,272,685
|
|
Ralph Lauren Corp.
|
|
75,297
|
28,638,461
|
|
Royal Caribbean Cruises Ltd.
|
|
93,492
|
29,758,504
|
|
Tapestry, Inc.
|
|
207,303
|
31,586,758
|
|
Ulta Beauty, Inc.(b)
|
|
34,989
|
17,943,409
|
|
Wynn Resorts Ltd.(c)
|
|
275,702
|
27,379,966
|
|
|
|
|
313,275,192
|
|
Consumer Staples-1.96%
|
|||
|
Casey’s General Stores, Inc.
|
|
16,088
|
14,012,648
|
|
Monster Beverage Corp.(b)
|
|
262,726
|
25,321,532
|
|
|
|
|
39,334,180
|
|
Financials-5.57%
|
|||
|
Berkshire Hathaway, Inc., Class B(b)
|
|
88,015
|
45,023,193
|
|
Interactive Brokers Group, Inc., Class A
|
|
466,781
|
41,072,060
|
|
Robinhood Markets, Inc., Class A(b)
|
|
294,196
|
25,465,606
|
|
|
|
|
111,560,859
|
|
Health Care-7.14%
|
|||
|
Eli Lilly and Co.
|
|
31,319
|
35,980,520
|
|
HCA Healthcare, Inc.
|
|
65,554
|
26,391,385
|
|
IDEXX Laboratories, Inc.(b)
|
|
35,486
|
19,839,158
|
|
Incyte Corp.(b)
|
|
303,309
|
36,251,492
|
|
Insulet Corp.(b)
|
|
89,284
|
14,763,109
|
|
Intuitive Surgical, Inc.(b)
|
|
27,315
|
9,651,209
|
|
|
|
|
142,876,873
|
|
Industrials-17.60%
|
|||
|
Caterpillar, Inc.
|
|
29,721
|
24,216,968
|
|
Comfort Systems USA, Inc.
|
|
38,785
|
67,086,027
|
|
EMCOR Group, Inc.
|
|
39,841
|
31,770,408
|
|
GE Vernova, Inc.
|
|
33,890
|
33,560,928
|
|
Howmet Aerospace, Inc.
|
|
167,357
|
47,238,187
|
|
Quanta Services, Inc.
|
|
54,909
|
36,644,070
|
|
Rollins, Inc.
|
|
253,879
|
9,639,786
|
|
RTX Corp.
|
|
139,143
|
29,946,356
|
|
TransDigm Group, Inc.
|
|
13,766
|
17,267,795
|
|
Uber Technologies, Inc.(b)
|
|
292,863
|
20,605,841
|
|
Vertiv Holdings Co., Class A
|
|
142,531
|
34,431,214
|
|
|
|
|
352,407,580
|
|
Information Technology-41.42%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
104,545
|
49,779,102
|
|
|
Shares
|
Value
|
|
|
Information Technology-(continued)
|
|||
|
Amphenol Corp., Class A
|
|
264,964
|
$42,579,715
|
|
Applied Materials, Inc.
|
|
60,988
|
30,961,778
|
|
Arista Networks, Inc.(b)
|
|
218,461
|
39,399,441
|
|
Broadcom, Inc.
|
|
81,403
|
31,688,560
|
|
Ciena Corp.(b)
|
|
108,712
|
40,989,860
|
|
Coherent Corp.(b)
|
|
91,556
|
24,069,157
|
|
CrowdStrike Holdings, Inc., Class A(b)
|
|
263,302
|
50,253,820
|
|
Datadog, Inc., Class A(b)
|
|
134,278
|
35,982,476
|
|
First Solar, Inc.(b)
|
|
128,475
|
27,112,079
|
|
Flex Ltd.(b)
|
|
146,028
|
16,610,685
|
|
KLA Corp.
|
|
233,085
|
42,612,600
|
|
Lam Research Corp.
|
|
126,124
|
36,956,854
|
|
Lumentum Holdings, Inc.(b)
|
|
33,331
|
23,796,334
|
|
Micron Technology, Inc.
|
|
83,313
|
68,569,098
|
|
Microsoft Corp.
|
|
31,141
|
14,471,846
|
|
Monolithic Power Systems, Inc.
|
|
34,195
|
48,763,096
|
|
NVIDIA Corp.
|
|
160,078
|
32,135,658
|
|
Palantir Technologies, Inc., Class A(b)
|
|
209,008
|
25,720,524
|
|
Sandisk Corp.(b)
|
|
104,721
|
127,218,212
|
|
VeriSign, Inc.
|
|
68,146
|
19,763,703
|
|
|
|
|
829,434,598
|
|
Materials-1.24%
|
|||
|
Newmont Corp.
|
|
265,452
|
24,875,507
|
|
Real Estate-1.14%
|
|||
|
Welltower, Inc.
|
|
97,024
|
22,746,307
|
|
Utilities-1.03%
|
|||
|
Vistra Corp.
|
|
138,853
|
20,576,626
|
|
Total Common Stocks & Other Equity Interests
(Cost $1,528,094,313)
|
2,002,337,507
|
||
|
Money Market Funds-0.03%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $644,944)
|
|
644,944
|
644,944
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.03%
(Cost $1,528,739,257)
|
2,002,982,451
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.56%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
8,675,223
|
8,675,223
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
22,539,523
|
22,541,777
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $31,216,926)
|
31,217,000
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.59%
(Cost $1,559,956,183)
|
2,034,199,451
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.59)%
|
(31,780,177
)
|
||
|
NET ASSETS-100.00%
|
$2,002,419,274
|
||
|
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 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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$100,327
|
$2,749,075
|
$(2,204,458
)
|
$-
|
$-
|
$644,944
|
$3,578
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
25,318,960
|
111,815,039
|
(128,458,776
)
|
-
|
-
|
8,675,223
|
115,233
*
|
|
Invesco Private Prime Fund
|
65,878,072
|
192,219,170
|
(235,561,681
)
|
699
|
5,517
|
22,541,777
|
288,708
*
|
|
Total
|
$91,297,359
|
$306,783,284
|
$(366,224,915
)
|
$699
|
$5,517
|
$31,861,944
|
$407,519
|
|
*
|
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-99.55%
|
|||
|
Communication Services-4.93%
|
|||
|
AT&T, Inc.
|
|
321,038
|
$7,464,135
|
|
Charter Communications, Inc., Class A(b)(c)
|
|
85,736
|
12,430,005
|
|
Comcast Corp., Class A
|
|
684,415
|
16,398,584
|
|
News Corp., Class A
|
|
167,311
|
4,611,091
|
|
News Corp., Class B(c)
|
|
55,915
|
1,748,462
|
|
Omnicom Group, Inc.(c)
|
|
95,369
|
7,505,540
|
|
Paramount Skydance Corp.(c)
|
|
1,426,174
|
11,352,345
|
|
Verizon Communications, Inc.
|
|
224,669
|
10,516,756
|
|
Walt Disney Co. (The)
|
|
53,605
|
5,156,265
|
|
Warner Bros. Discovery, Inc.(b)
|
|
204,011
|
5,365,489
|
|
|
|
|
82,548,672
|
|
Consumer Discretionary-7.58%
|
|||
|
Aptiv PLC(b)
|
|
120,570
|
6,808,588
|
|
Best Buy Co., Inc.
|
|
191,417
|
16,511,630
|
|
D.R. Horton, Inc.
|
|
41,335
|
5,913,385
|
|
Ford Motor Co.
|
|
2,309,892
|
33,909,214
|
|
General Motors Co.
|
|
355,746
|
31,611,590
|
|
Genuine Parts Co.
|
|
51,335
|
6,384,534
|
|
Lennar Corp., Class A
|
|
96,588
|
7,954,022
|
|
MGM Resorts International(b)
|
|
252,999
|
11,276,165
|
|
PulteGroup, Inc.
|
|
52,459
|
6,634,490
|
|
|
|
|
127,003,618
|
|
Consumer Staples-12.96%
|
|||
|
Archer-Daniels-Midland Co.
|
|
464,152
|
36,793,329
|
|
Bunge Global S.A.
|
|
330,256
|
35,083,095
|
|
Dollar General Corp.
|
|
88,736
|
11,273,909
|
|
Hormel Foods Corp.
|
|
421,084
|
10,531,311
|
|
Keurig Dr Pepper, Inc.
|
|
204,795
|
6,373,220
|
|
Kraft Heinz Co. (The)
|
|
691,008
|
17,862,557
|
|
Kroger Co. (The)
|
|
312,240
|
18,028,737
|
|
Molson Coors Beverage Co., Class B
|
|
299,571
|
12,450,171
|
|
Sysco Corp.
|
|
144,145
|
12,286,920
|
|
Target Corp.
|
|
204,590
|
29,561,209
|
|
Tyson Foods, Inc., Class A
|
|
464,419
|
26,917,725
|
|
|
|
|
217,162,183
|
|
Energy-10.63%
|
|||
|
APA Corp.
|
|
456,074
|
17,020,682
|
|
Chevron Corp.
|
|
50,236
|
9,887,952
|
|
ConocoPhillips
|
|
68,637
|
8,269,386
|
|
Devon Energy Corp.
|
|
236,439
|
10,670,492
|
|
Diamondback Energy, Inc.
|
|
62,093
|
12,601,774
|
|
ExxonMobil Holdings Corp.
|
|
50,119
|
7,790,497
|
|
Halliburton Co.
|
|
256,792
|
8,281,542
|
|
Marathon Petroleum Corp.
|
|
75,666
|
23,946,019
|
|
Occidental Petroleum Corp.
|
|
189,532
|
10,816,591
|
|
ONEOK, Inc.
|
|
80,560
|
7,315,654
|
|
Phillips 66
|
|
127,184
|
26,922,309
|
|
SLB Ltd.
|
|
141,784
|
7,031,068
|
|
Valero Energy Corp.
|
|
88,254
|
27,614,677
|
|
|
|
|
178,168,643
|
|
Financials-20.89%
|
|||
|
Allstate Corp. (The)
|
|
48,264
|
12,745,557
|
|
American International Group, Inc.
|
|
165,957
|
13,040,901
|
|
Arch Capital Group Ltd.(b)
|
|
88,210
|
8,867,751
|
|
Assurant, Inc.
|
|
41,278
|
11,524,405
|
|
Bank of America Corp.
|
|
107,980
|
6,689,361
|
|
Block, Inc., Class A(b)
|
|
97,349
|
7,908,633
|
|
Capital One Financial Corp.
|
|
25,165
|
5,259,737
|
|
Chubb Ltd.
|
|
22,259
|
7,805,786
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Citigroup, Inc.
|
|
112,764
|
$14,935,592
|
|
Citizens Financial Group, Inc.
|
|
194,269
|
13,919,374
|
|
Everest Group Ltd.
|
|
68,060
|
25,464,649
|
|
Fifth Third Bancorp
|
|
119,917
|
6,775,311
|
|
Fiserv, Inc.(b)
|
|
152,146
|
8,206,755
|
|
Franklin Resources, Inc.
|
|
620,774
|
21,019,408
|
|
Global Payments, Inc.
|
|
220,222
|
18,516,266
|
|
Hartford Insurance Group, Inc. (The)
|
|
47,443
|
6,732,636
|
|
Huntington Bancshares, Inc.
|
|
492,137
|
8,386,014
|
|
Invesco Ltd.(d)
|
|
487,800
|
14,438,880
|
|
KeyCorp
|
|
404,343
|
9,134,108
|
|
Loews Corp.
|
|
116,634
|
13,530,710
|
|
M&T Bank Corp.
|
|
47,143
|
11,610,849
|
|
MetLife, Inc.
|
|
160,007
|
15,381,473
|
|
PNC Financial Services Group, Inc. (The)
|
|
31,336
|
7,829,926
|
|
Principal Financial Group, Inc.
|
|
104,204
|
11,847,995
|
|
Prudential Financial, Inc.
|
|
158,282
|
19,323,067
|
|
Regions Financial Corp.
|
|
291,546
|
9,023,349
|
|
State Street Corp.
|
|
57,713
|
10,628,426
|
|
Travelers Cos., Inc. (The)
|
|
23,265
|
8,709,485
|
|
Truist Financial Corp.
|
|
229,556
|
11,900,183
|
|
U.S. Bancorp
|
|
140,789
|
8,871,115
|
|
|
|
|
350,027,702
|
|
Health Care-17.76%
|
|||
|
Baxter International, Inc.(c)
|
|
630,920
|
16,504,867
|
|
Biogen, Inc.(b)
|
|
35,330
|
7,170,224
|
|
Cardinal Health, Inc.
|
|
77,040
|
17,721,511
|
|
Cencora, Inc.
|
|
44,813
|
13,952,080
|
|
Centene Corp.(b)
|
|
682,560
|
42,468,883
|
|
Cigna Group (The)
|
|
96,918
|
27,044,968
|
|
CVS Health Corp.
|
|
332,228
|
34,694,570
|
|
Elevance Health, Inc.
|
|
65,471
|
24,606,621
|
|
Henry Schein, Inc.(b)(c)
|
|
122,432
|
10,498,544
|
|
Humana, Inc.
|
|
99,837
|
36,326,691
|
|
McKesson Corp.
|
|
18,923
|
16,201,683
|
|
Pfizer, Inc.
|
|
234,719
|
5,870,322
|
|
UnitedHealth Group, Inc.
|
|
27,201
|
11,272,094
|
|
Universal Health Services, Inc., Class B
|
|
40,610
|
6,840,348
|
|
Viatris, Inc.
|
|
1,176,570
|
20,660,569
|
|
Zimmer Biomet Holdings, Inc.
|
|
62,406
|
5,861,796
|
|
|
|
|
297,695,771
|
|
Industrials-6.97%
|
|||
|
Builders FirstSource, Inc.(b)
|
|
68,015
|
4,518,917
|
|
Delta Air Lines, Inc.
|
|
175,637
|
15,357,699
|
|
DuPont de Nemours, Inc.
|
|
165,866
|
22,723,642
|
|
FedEx Corp.
|
|
34,875
|
10,720,575
|
|
FedEx Freight Holding Co., Inc.(b)
|
|
17,434
|
2,450,000
|
|
Huntington Ingalls Industries, Inc.
|
|
19,381
|
6,326,928
|
|
Southwest Airlines Co.
|
|
241,696
|
10,869,069
|
|
Stanley Black & Decker, Inc.
|
|
213,273
|
20,171,360
|
|
Textron, Inc.
|
|
93,270
|
7,952,200
|
|
United Airlines Holdings, Inc.(b)
|
|
128,854
|
15,633,856
|
|
|
|
|
116,724,246
|
|
Information Technology-2.43%
|
|||
|
Hewlett Packard Enterprise Co.
|
|
580,920
|
27,826,068
|
|
HP, Inc.
|
|
472,960
|
12,897,619
|
|
|
|
|
40,723,687
|
|
Materials-10.01%
|
|||
|
Amcor PLC
|
|
254,461
|
11,420,210
|
|
Ball Corp.
|
|
123,128
|
7,991,007
|
|
|
Shares
|
Value
|
|
|
Materials-(continued)
|
|||
|
Dow, Inc.
|
|
1,045,068
|
$31,655,110
|
|
International Flavors & Fragrances, Inc.
|
|
126,964
|
10,058,088
|
|
International Paper Co.
|
|
369,985
|
15,106,488
|
|
LyondellBasell Industries N.V., Class A
|
|
424,715
|
26,366,307
|
|
Mosaic Co. (The)
|
|
1,185,495
|
26,223,149
|
|
Nucor Corp.
|
|
48,541
|
12,489,114
|
|
Smurfit WestRock PLC
|
|
573,636
|
26,370,047
|
|
|
|
|
167,679,520
|
|
Real Estate-1.51%
|
|||
|
Alexandria Real Estate Equities, Inc.
|
|
337,679
|
17,373,585
|
|
VICI Properties, Inc.
|
|
303,975
|
8,009,741
|
|
|
|
|
25,383,326
|
|
Utilities-3.88%
|
|||
|
AES Corp. (The)
|
|
631,630
|
9,272,328
|
|
Consolidated Edison, Inc.
|
|
70,063
|
7,626,358
|
|
Edison International
|
|
179,189
|
13,147,097
|
|
Eversource Energy
|
|
98,100
|
7,022,979
|
|
Exelon Corp.
|
|
134,792
|
6,176,169
|
|
PG&E Corp.
|
|
798,584
|
13,879,390
|
|
Pinnacle West Capital Corp.
|
|
77,729
|
7,849,852
|
|
|
|
|
64,974,173
|
|
Total Common Stocks & Other Equity Interests
(Cost $1,522,973,209)
|
1,668,091,541
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.38%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $6,405,786)
|
|
6,405,786
|
$6,405,786
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.93%
(Cost $1,529,378,995)
|
1,674,497,327
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-1.91%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
8,901,789
|
8,901,789
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
23,131,577
|
23,133,890
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $32,035,539)
|
32,035,679
|
||
|
TOTAL INVESTMENTS IN SECURITIES-101.84%
(Cost $1,561,414,534)
|
1,706,533,006
|
||
|
OTHER ASSETS LESS LIABILITIES-(1.84)%
|
(30,782,239
)
|
||
|
NET ASSETS-100.00%
|
$1,675,750,767
|
||
|
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 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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Invesco Ltd.
|
$14,620,882
|
$1,498,761
|
$(3,234,215
)
|
$392,329
|
$1,161,123
|
$14,438,880
|
$119,052
|
|
Investments in Affiliated
Money Market Funds:
|
|
|
|
|
|
|
|
|
Invesco Government &
Agency Portfolio,
Institutional Class
|
5,786,810
|
17,079,832
|
(16,460,856
)
|
-
|
-
|
6,405,786
|
52,806
|
|
Investments Purchased
with Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private
Government Fund
|
39,543,474
|
38,790,817
|
(69,432,502
)
|
-
|
-
|
8,901,789
|
138,679
*
|
|
Invesco Private Prime Fund
|
102,677,447
|
87,909,261
|
(167,453,123
)
|
365
|
(60
)
|
23,133,890
|
375,989
*
|
|
Total
|
$162,628,613
|
$145,278,671
|
$(256,580,696
)
|
$392,694
|
$1,161,063
|
$52,880,345
|
$686,526
|
|
*
|
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.
|
|
Open Futures Contracts
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
|
|
Equity Risk
|
|
|
|
|
|
|
CME E-mini Russell 1000 Value Index
|
57
|
September-2026
|
$7,074,270
|
$298,563
|
$298,563
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.95%
|
|||
|
Communication Services-13.62%
|
|||
|
Alphabet, Inc., Class A
|
|
1,534,849
|
$546,605,775
|
|
Alphabet, Inc., Class C
|
|
1,237,179
|
441,239,890
|
|
Meta Platforms, Inc., Class A
|
|
574,837
|
320,017,506
|
|
Netflix, Inc.(b)
|
|
1,102,156
|
79,035,607
|
|
Verizon Communications, Inc.
|
|
1,093,052
|
51,165,764
|
|
|
|
|
1,438,064,542
|
|
Consumer Discretionary-10.06%
|
|||
|
Amazon.com, Inc.(b)
|
|
2,562,339
|
695,880,026
|
|
Home Depot, Inc. (The)
|
|
260,728
|
86,551,267
|
|
McDonald’s Corp.
|
|
186,056
|
50,354,196
|
|
Tesla, Inc.(b)
|
|
736,863
|
229,319,134
|
|
|
|
|
1,062,104,623
|
|
Consumer Staples-5.14%
|
|||
|
Coca-Cola Co. (The)
|
|
1,013,553
|
88,777,107
|
|
Costco Wholesale Corp.
|
|
116,207
|
110,616,281
|
|
PepsiCo, Inc.
|
|
357,871
|
49,944,477
|
|
Philip Morris International, Inc.
(Switzerland)
|
|
407,872
|
77,830,135
|
|
Procter & Gamble Co. (The)
|
|
609,537
|
88,072,001
|
|
Walmart, Inc.
|
|
1,147,595
|
127,612,564
|
|
|
|
|
542,852,565
|
|
Energy-2.51%
|
|||
|
Chevron Corp.
|
|
490,012
|
96,449,062
|
|
ExxonMobil Holdings Corp.
|
|
1,084,917
|
168,639,498
|
|
|
|
|
265,088,560
|
|
Financials-10.35%
|
|||
|
Bank of America Corp.
|
|
1,708,970
|
105,870,691
|
|
Berkshire Hathaway, Inc., Class B(b)
|
|
479,995
|
245,536,642
|
|
Goldman Sachs Group, Inc. (The)
|
|
77,122
|
78,539,502
|
|
JPMorgan Chase & Co.
|
|
702,448
|
247,114,182
|
|
Mastercard, Inc., Class A
|
|
211,178
|
121,026,112
|
|
Morgan Stanley
|
|
313,886
|
66,047,892
|
|
Visa, Inc., Class A
|
|
434,460
|
159,068,840
|
|
Wells Fargo & Co.
|
|
801,039
|
69,249,822
|
|
|
|
|
1,092,453,683
|
|
Health Care-6.62%
|
|||
|
AbbVie, Inc.
|
|
462,579
|
116,079,574
|
|
Eli Lilly and Co.
|
|
207,095
|
237,919,020
|
|
Johnson & Johnson
|
|
630,074
|
161,519,470
|
|
Merck & Co., Inc.
|
|
646,475
|
84,171,045
|
|
UnitedHealth Group, Inc.
|
|
237,798
|
98,543,491
|
|
|
|
|
698,232,600
|
|
|
Shares
|
Value
|
|
|
Industrials-2.52%
|
|||
|
Caterpillar, Inc.
|
|
120,583
|
$98,252,234
|
|
GE Vernova, Inc.
|
|
70,331
|
69,648,086
|
|
General Electric Co.
|
|
273,178
|
98,363,203
|
|
|
|
|
266,263,523
|
|
Information Technology-48.58%
|
|||
|
Advanced Micro Devices, Inc.(b)
|
|
426,941
|
203,287,957
|
|
Apple, Inc.
|
|
3,844,630
|
1,187,644,653
|
|
Applied Materials, Inc.
|
|
207,752
|
105,469,458
|
|
Broadcom, Inc.
|
|
1,239,313
|
482,439,765
|
|
Cisco Systems, Inc.
|
|
1,034,239
|
119,961,382
|
|
Intel Corp.(b)
|
|
1,236,672
|
111,547,814
|
|
International Business Machines Corp.
|
|
245,996
|
55,017,005
|
|
KLA Corp.
|
|
342,018
|
62,527,731
|
|
Lam Research Corp.
|
|
327,397
|
95,933,869
|
|
Micron Technology, Inc.
|
|
295,208
|
242,965,040
|
|
Microsoft Corp.
|
|
1,944,552
|
903,672,205
|
|
NVIDIA Corp.
|
|
6,340,206
|
1,272,796,355
|
|
Oracle Corp.
|
|
444,288
|
57,699,683
|
|
Palantir Technologies, Inc., Class A(b)
|
|
601,134
|
73,975,550
|
|
QUALCOMM, Inc.
|
|
275,932
|
40,730,323
|
|
Sandisk Corp.(b)
|
|
38,712
|
47,028,499
|
|
Texas Instruments, Inc.
|
|
238,302
|
65,709,393
|
|
|
|
|
5,128,406,682
|
|
Materials-0.55%
|
|||
|
Linde PLC
|
|
121,037
|
57,901,680
|
|
Total Common Stocks & Other Equity Interests
(Cost $8,557,572,723)
|
10,551,368,458
|
||
|
Money Market Funds-0.03%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(c)(d)
(Cost $3,654,931)
|
|
3,654,931
|
3,654,931
|
|
TOTAL INVESTMENTS IN SECURITIES-99.98%
(Cost $8,561,227,654)
|
10,555,023,389
|
||
|
OTHER ASSETS LESS LIABILITIES-0.02%
|
1,701,654
|
||
|
NET ASSETS-100.00%
|
$10,556,725,043
|
||
|
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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$3,176,934
|
$79,795,911
|
$(79,317,914
)
|
$-
|
$-
|
$3,654,931
|
$62,908
|
|
|
Value
April 30, 2026
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
$-
|
$1,769,112
|
$(1,769,112
)
|
$-
|
$-
|
$-
|
$847
*
|
|
Invesco Private Prime Fund
|
-
|
4,556,591
|
(4,556,581
)
|
-
|
(10
)
|
-
|
2,281
*
|
|
Total
|
$3,176,934
|
$86,121,614
|
$(85,643,607
)
|
$-
|
$(10
)
|
$3,654,931
|
$66,036
|
|
*
|
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 July 31, 2026.
|
|
|
Shares
|
Value
|
|
|
Common Stocks & Other Equity Interests-99.91%
|
|||
|
Communication Services-1.80%
|
|||
|
New York Times Co. (The), Class A
|
|
24,095
|
$1,804,475
|
|
Roku, Inc., Class A(b)
|
|
29,546
|
4,284,465
|
|
|
|
|
6,088,940
|
|
Consumer Discretionary-7.74%
|
|||
|
Boyd Gaming Corp.(c)
|
|
39,947
|
3,397,892
|
|
Churchill Downs, Inc.(c)
|
|
15,563
|
1,311,961
|
|
Five Below, Inc.(b)
|
|
25,589
|
5,556,140
|
|
Grand Canyon Education, Inc.(b)
|
|
9,349
|
1,358,784
|
|
Hilton Grand Vacations, Inc.(b)(c)
|
|
62,413
|
2,879,736
|
|
Ollie’s Bargain Outlet Holdings, Inc.(b)(c)
|
|
21,639
|
1,589,817
|
|
Planet Fitness, Inc., Class A(b)
|
|
23,563
|
1,317,407
|
|
Somnigroup International, Inc.
|
|
36,972
|
2,415,381
|
|
Travel + Leisure Co.
|
|
38,674
|
2,939,997
|
|
Valvoline, Inc.(b)(c)
|
|
62,908
|
2,416,296
|
|
Wingstop, Inc.
|
|
8,014
|
1,037,733
|
|
|
|
|
26,221,144
|
|
Consumer Staples-1.66%
|
|||
|
Celsius Holdings, Inc.(b)(c)
|
|
115,873
|
3,384,650
|
|
Coca-Cola Consolidated, Inc.
|
|
11,836
|
2,223,985
|
|
|
|
|
5,608,635
|
|
Energy-4.44%
|
|||
|
Antero Midstream Corp.
|
|
85,470
|
1,877,776
|
|
TechnipFMC PLC (United Kingdom)
|
|
103,135
|
7,390,654
|
|
Valaris Ltd.(b)
|
|
72,658
|
5,753,787
|
|
|
|
|
15,022,217
|
|
Financials-4.48%
|
|||
|
Affiliated Managers Group, Inc.
|
|
7,516
|
2,756,343
|
|
Federated Hermes, Inc., Class B
|
|
47,628
|
2,855,775
|
|
FirstCash Holdings, Inc.(c)
|
|
24,190
|
4,935,002
|
|
Kinsale Capital Group, Inc.
|
|
4,745
|
1,691,213
|
|
Toast, Inc., Class A(b)(c)
|
|
90,349
|
2,915,562
|
|
|
|
|
15,153,895
|
|
Health Care-23.20%
|
|||
|
Arrowhead Pharmaceuticals, Inc.(b)
|
|
100,744
|
8,527,979
|
|
BrightSpring Health Services, Inc.(b)
|
|
52,274
|
3,121,280
|
|
Doximity, Inc., Class A(b)(c)
|
|
51,157
|
1,069,693
|
|
Elanco Animal Health, Inc.(b)(c)
|
|
115,898
|
3,056,230
|
|
Encompass Health Corp.
|
|
16,701
|
1,854,980
|
|
Ensign Group, Inc. (The)
|
|
20,384
|
3,631,613
|
|
Exelixis, Inc.(b)
|
|
86,397
|
4,581,633
|
|
Globus Medical, Inc., Class A(b)
|
|
37,446
|
2,950,370
|
|
Halozyme Therapeutics, Inc.(b)(c)
|
|
85,715
|
7,074,916
|
|
HealthEquity, Inc.(b)(c)
|
|
19,661
|
1,978,093
|
|
Hims & Hers Health, Inc.(b)(c)
|
|
118,879
|
3,301,270
|
|
Jazz Pharmaceuticals PLC(b)
|
|
14,167
|
3,582,268
|
|
Krystal Biotech, Inc.(b)(c)
|
|
13,749
|
4,690,059
|
|
LivaNova PLC(b)
|
|
27,639
|
2,214,990
|
|
Medpace Holdings, Inc.(b)
|
|
10,570
|
6,100,053
|
|
Neurocrine Biosciences, Inc.(b)
|
|
25,502
|
4,253,734
|
|
Option Care Health, Inc.(b)(c)
|
|
110,422
|
2,543,019
|
|
Penumbra, Inc.(b)
|
|
10,222
|
3,283,204
|
|
Sotera Health Co.(b)(c)
|
|
100,360
|
1,792,430
|
|
Tenet Healthcare Corp.(b)
|
|
17,547
|
4,470,625
|
|
United Therapeutics Corp.(b)
|
|
8,638
|
4,471,979
|
|
|
|
|
78,550,418
|
|
Industrials-30.88%
|
|||
|
AeroVironment, Inc.(b)(c)
|
|
20,998
|
3,136,471
|
|
API Group Corp.(b)
|
|
67,224
|
2,667,448
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
ATI, Inc.(b)
|
|
31,141
|
$5,837,069
|
|
BWX Technologies, Inc.
|
|
17,074
|
2,880,384
|
|
CACI International, Inc., Class A(b)
|
|
5,655
|
2,814,776
|
|
Carpenter Technology Corp.
|
|
14,671
|
7,623,932
|
|
Curtiss-Wright Corp.
|
|
6,989
|
5,060,036
|
|
Dycom Industries, Inc.(b)
|
|
12,862
|
5,158,562
|
|
EnerSys
|
|
16,551
|
3,079,314
|
|
ExlService Holdings, Inc.(b)
|
|
34,742
|
1,178,796
|
|
Flowserve Corp.
|
|
27,135
|
2,061,989
|
|
Hexcel Corp.
|
|
24,560
|
2,528,452
|
|
IES Holdings, Inc.(b)(c)
|
|
7,484
|
5,572,137
|
|
ITT, Inc.
|
|
12,559
|
2,461,313
|
|
Kratos Defense & Security Solutions, Inc.(b)
|
|
43,228
|
2,014,425
|
|
MasTec, Inc.(b)
|
|
18,556
|
4,882,084
|
|
Moog, Inc., Class A
|
|
5,417
|
2,111,817
|
|
nVent Electric PLC
|
|
25,180
|
3,873,439
|
|
Paylocity Holding Corp.(b)
|
|
10,350
|
1,427,213
|
|
RB Global, Inc. (Canada)
|
|
23,609
|
2,590,852
|
|
RBC Bearings, Inc.(b)
|
|
3,999
|
2,204,689
|
|
SPX Technologies, Inc.(b)
|
|
13,769
|
3,023,948
|
|
Sterling Infrastructure, Inc.(b)
|
|
13,172
|
7,860,654
|
|
Tetra Tech, Inc.
|
|
48,765
|
1,617,047
|
|
UL Solutions, Inc., Class A(c)
|
|
42,365
|
3,882,329
|
|
Vicor Corp.(b)
|
|
23,474
|
4,867,803
|
|
Watts Water Technologies, Inc., Class A
|
|
6,672
|
2,307,111
|
|
Woodward, Inc.
|
|
17,261
|
6,226,906
|
|
XPO, Inc.(b)
|
|
17,803
|
3,577,869
|
|
|
|
|
104,528,865
|
|
Information Technology-17.96%
|
|||
|
Advanced Energy Industries, Inc.
|
|
12,285
|
3,556,753
|
|
AppFolio, Inc., Class A(b)(c)
|
|
10,797
|
1,945,511
|
|
DigitalOcean Holdings, Inc.(b)
|
|
54,834
|
6,442,995
|
|
Dropbox, Inc., Class A(b)(c)
|
|
71,099
|
2,314,984
|
|
Dynatrace, Inc.(b)
|
|
40,397
|
1,790,395
|
|
Everpure, Inc., Class A(b)
|
|
42,375
|
3,270,079
|
|
Fabrinet (Thailand)(b)
|
|
9,685
|
4,216,946
|
|
Guidewire Software, Inc.(b)(c)
|
|
8,982
|
1,364,725
|
|
InterDigital, Inc.
|
|
19,350
|
5,898,364
|
|
MACOM Technology Solutions Holdings,
Inc.(b)
|
|
13,634
|
3,428,133
|
|
Okta, Inc.(b)
|
|
22,873
|
3,246,365
|
|
Pegasystems, Inc.
|
|
33,517
|
1,023,944
|
|
Rambus, Inc.(b)
|
|
51,091
|
4,650,814
|
|
Sanmina Corp.(b)
|
|
16,238
|
3,013,123
|
|
SiTime Corp.(b)(c)
|
|
4,341
|
2,323,303
|
|
TTM Technologies, Inc.(b)
|
|
41,646
|
4,807,614
|
|
Twilio, Inc., Class A(b)
|
|
27,074
|
5,343,054
|
|
Viavi Solutions, Inc.(b)
|
|
58,953
|
2,178,313
|
|
|
|
|
60,815,415
|
|
Materials-3.65%
|
|||
|
Coeur Mining, Inc.
|
|
204,522
|
3,049,423
|
|
Hecla Mining Co.
|
|
269,287
|
3,802,333
|
|
NewMarket Corp.
|
|
2,752
|
2,339,640
|
|
Royal Gold, Inc.
|
|
15,971
|
3,167,848
|
|
|
|
|
12,359,244
|
|
Real Estate-2.11%
|
|||
|
CareTrust REIT, Inc.(c)
|
|
50,151
|
2,103,333
|
|
First Industrial Realty Trust, Inc.
|
|
23,801
|
1,567,058
|
|
Sabra Health Care REIT, Inc.(c)
|
|
164,734
|
3,487,419
|
|
|
|
|
7,157,810
|
|
|
Shares
|
Value
|
|
|
Utilities-1.99%
|
|||
|
Ormat Technologies, Inc.(c)
|
|
20,692
|
$2,019,125
|
|
Talen Energy Corp.(b)
|
|
14,091
|
4,707,803
|
|
|
|
|
6,726,928
|
|
Total Common Stocks & Other Equity Interests
(Cost $285,920,688)
|
338,233,511
|
||
|
Money Market Funds-0.16%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $551,221)
|
|
551,221
|
551,221
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.07%
(Cost $286,471,909)
|
338,784,732
|
||
|
|
Shares
|
Value
|
|
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-11.29%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
10,621,091
|
$10,621,091
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
27,582,780
|
27,585,538
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $38,205,757)
|
38,206,629
|
||
|
TOTAL INVESTMENTS IN SECURITIES-111.36%
(Cost $324,677,666)
|
376,991,361
|
||
|
OTHER ASSETS LESS LIABILITIES-(11.36)%
|
(38,467,217
)
|
||
|
NET ASSETS-100.00%
|
$338,524,144
|
||
|
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 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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$167,513
|
$1,065,729
|
$(682,021
)
|
$-
|
$-
|
$551,221
|
$2,217
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
13,033,207
|
50,582,575
|
(52,994,691
)
|
-
|
-
|
10,621,091
|
128,857
*
|
|
Invesco Private Prime Fund
|
33,836,948
|
96,519,642
|
(102,770,519
)
|
1,898
|
(2,431
)
|
27,585,538
|
358,399
*
|
|
Total
|
$47,037,668
|
$148,167,946
|
$(156,447,231
)
|
$1,898
|
$(2,431
)
|
$38,757,850
|
$489,473
|
|
*
|
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-99.99%
|
|||
|
Communication Services-1.75%
|
|||
|
Sirius XM Holdings, Inc.(b)
|
|
198,333
|
$5,874,623
|
|
Consumer Discretionary-20.79%
|
|||
|
Aramark
|
|
51,588
|
2,938,969
|
|
AutoNation, Inc.(c)
|
|
18,252
|
3,876,725
|
|
Bath & Body Works, Inc.
|
|
64,160
|
1,290,899
|
|
BorgWarner, Inc.
|
|
54,728
|
3,488,363
|
|
Columbia Sportswear Co.(b)
|
|
29,555
|
1,754,976
|
|
Gap, Inc. (The)(b)
|
|
61,357
|
1,232,662
|
|
Harley-Davidson, Inc.(b)
|
|
218,338
|
5,358,015
|
|
KB Home
|
|
56,457
|
3,103,441
|
|
Lear Corp.
|
|
55,228
|
7,214,986
|
|
Lithia Motors, Inc., Class A
|
|
17,247
|
6,647,339
|
|
Macy’s, Inc.
|
|
239,091
|
5,934,239
|
|
Murphy USA, Inc.
|
|
4,670
|
2,838,239
|
|
Penske Automotive Group, Inc.(b)
|
|
27,530
|
5,982,544
|
|
Polaris, Inc.
|
|
21,801
|
1,462,411
|
|
PVH Corp.
|
|
72,952
|
6,322,020
|
|
SharkNinja, Inc.(b)(c)
|
|
25,062
|
4,054,280
|
|
Thor Industries, Inc.(b)
|
|
30,790
|
2,308,326
|
|
Visteon Corp.(b)
|
|
18,734
|
1,958,452
|
|
Whirlpool Corp.(b)
|
|
54,888
|
2,058,300
|
|
|
|
|
69,825,186
|
|
Consumer Staples-6.26%
|
|||
|
Albertson’s Cos., Inc., Class A
|
|
235,592
|
2,728,155
|
|
BJ’s Wholesale Club Holdings, Inc., Class C(c)
|
|
15,104
|
1,476,869
|
|
Darling Ingredients, Inc.(c)
|
|
58,732
|
3,561,509
|
|
Ingredion, Inc.
|
|
16,238
|
1,615,032
|
|
Performance Food Group Co.(c)
|
|
39,284
|
4,493,697
|
|
Pilgrim’s Pride Corp.(b)
|
|
70,389
|
1,925,843
|
|
Post Holdings, Inc.(b)(c)
|
|
25,640
|
2,343,752
|
|
US Foods Holding Corp.(c)
|
|
28,544
|
2,871,241
|
|
|
|
|
21,016,098
|
|
Energy-14.49%
|
|||
|
Chord Energy Corp.
|
|
41,128
|
5,773,549
|
|
HF Sinclair Corp.
|
|
114,709
|
10,492,432
|
|
Matador Resources Co.
|
|
57,832
|
2,885,238
|
|
Murphy Oil Corp.
|
|
75,058
|
2,982,805
|
|
NOV, Inc.
|
|
266,346
|
5,175,103
|
|
Ovintiv, Inc.
|
|
57,547
|
3,594,386
|
|
PBF Energy, Inc., Class A
|
|
208,424
|
15,064,887
|
|
Permian Resources Corp., Class A
|
|
125,947
|
2,683,930
|
|
|
|
|
48,652,330
|
|
Financials-18.83%
|
|||
|
Ally Financial, Inc.
|
|
46,789
|
2,027,367
|
|
Associated Banc-Corp
|
|
67,157
|
2,073,808
|
|
Bank OZK
|
|
45,644
|
2,341,537
|
|
Brighthouse Financial, Inc.(b)(c)
|
|
98,900
|
6,122,899
|
|
CNO Financial Group, Inc.
|
|
47,536
|
2,618,758
|
|
Columbia Banking System, Inc.
|
|
54,791
|
1,713,315
|
|
Corebridge Financial, Inc.
|
|
82,940
|
2,586,899
|
|
Euronet Worldwide, Inc.(c)
|
|
20,395
|
1,454,775
|
|
F.N.B. Corp.
|
|
121,926
|
2,304,401
|
|
First American Financial Corp.
|
|
36,159
|
2,711,563
|
|
Flagstar Bank N.A(b)
|
|
201,020
|
2,858,504
|
|
Hancock Whitney Corp.(b)
|
|
19,997
|
1,539,769
|
|
Jefferies Financial Group, Inc.
|
|
27,707
|
1,512,802
|
|
Old National Bancorp
|
|
67,068
|
1,786,692
|
|
Pinnacle Financial Partners, Inc.
|
|
15,383
|
1,618,753
|
|
Prosperity Bancshares, Inc.
|
|
30,419
|
2,277,471
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
Reinsurance Group of America, Inc.
|
|
22,875
|
$5,417,944
|
|
Selective Insurance Group, Inc.
|
|
26,592
|
2,520,656
|
|
SouthState Bank Corp.
|
|
18,078
|
1,899,817
|
|
Starwood Property Trust, Inc.
|
|
70,702
|
1,129,818
|
|
United Bankshares, Inc.(b)
|
|
45,209
|
2,190,376
|
|
Unum Group
|
|
32,124
|
2,766,198
|
|
Valley National Bancorp(b)
|
|
193,131
|
2,759,842
|
|
Voya Financial, Inc.
|
|
33,868
|
3,367,495
|
|
Webster Financial Corp.
|
|
23,599
|
1,822,315
|
|
Zions Bancorporation N.A.
|
|
25,946
|
1,808,436
|
|
|
|
|
63,232,210
|
|
Health Care-2.39%
|
|||
|
Envista Holdings Corp.(b)(c)
|
|
82,367
|
2,249,443
|
|
Molina Healthcare, Inc.(c)
|
|
29,607
|
5,791,721
|
|
|
|
|
8,041,164
|
|
Industrials-11.25%
|
|||
|
AGCO Corp.
|
|
16,524
|
1,688,092
|
|
Alaska Air Group, Inc.(b)(c)
|
|
100,534
|
4,770,338
|
|
American Airlines Group, Inc.(b)(c)
|
|
186,677
|
2,850,558
|
|
CNH Industrial N.V.(b)
|
|
260,354
|
2,668,629
|
|
Fluor Corp.(c)
|
|
97,789
|
4,906,074
|
|
GXO Logistics, Inc.(b)(c)
|
|
56,888
|
2,853,502
|
|
KBR, Inc.
|
|
29,061
|
1,063,923
|
|
Knight-Swift Transportation Holdings, Inc.
|
|
50,347
|
3,500,627
|
|
Ryder System, Inc.
|
|
11,968
|
3,068,835
|
|
Science Applications International Corp.
|
|
22,444
|
2,628,866
|
|
Terex Corp.
|
|
58,244
|
3,660,053
|
|
UFP Industries, Inc.(b)
|
|
19,637
|
1,703,313
|
|
WESCO International, Inc.
|
|
7,013
|
2,408,895
|
|
|
|
|
37,771,705
|
|
Information Technology-10.74%
|
|||
|
Arrow Electronics, Inc.(c)
|
|
60,768
|
13,160,526
|
|
Avnet, Inc.
|
|
145,155
|
12,895,570
|
|
Kyndryl Holdings, Inc.(b)(c)
|
|
101,556
|
1,376,084
|
|
TD SYNNEX Corp.
|
|
33,719
|
8,621,948
|
|
|
|
|
36,054,128
|
|
Materials-9.86%
|
|||
|
Alcoa Corp.
|
|
42,864
|
1,940,025
|
|
Avient Corp.
|
|
82,549
|
2,998,180
|
|
Cabot Corp.(b)
|
|
19,378
|
1,705,652
|
|
Cleveland-Cliffs, Inc.(b)(c)
|
|
334,566
|
3,854,200
|
|
Commercial Metals Co.
|
|
19,613
|
1,347,805
|
|
Graphic Packaging Holding Co.(b)
|
|
222,550
|
2,387,961
|
|
Greif, Inc., Class A
|
|
52,256
|
4,522,757
|
|
Olin Corp.(b)
|
|
244,636
|
4,528,212
|
|
Silgan Holdings, Inc.
|
|
57,823
|
2,311,764
|
|
Sonoco Products Co.
|
|
80,278
|
4,524,468
|
|
Westlake Corp.(b)
|
|
42,496
|
2,995,968
|
|
|
|
|
33,116,992
|
|
Real Estate-3.63%
|
|||
|
Cousins Properties, Inc.
|
|
66,567
|
2,100,189
|
|
Jones Lang LaSalle, Inc.(c)
|
|
6,165
|
2,188,760
|
|
Kilroy Realty Corp.
|
|
45,375
|
1,761,457
|
|
Park Hotels & Resorts, Inc.(b)
|
|
408,134
|
6,146,498
|
|
|
|
|
12,196,904
|
|
Total Common Stocks & Other Equity Interests
(Cost $271,568,280)
|
335,781,340
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.01%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $54,353)
|
|
54,353
|
$54,353
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.00%
(Cost $271,622,633)
|
335,835,693
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-14.73%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
13,613,490
|
13,613,490
|
|
|
Shares
|
Value
|
|
|
Money Market Funds-(continued)
|
|||
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
35,843,998
|
$35,847,582
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $49,461,625)
|
49,461,072
|
||
|
TOTAL INVESTMENTS IN SECURITIES-114.73%
(Cost $321,084,258)
|
385,296,765
|
||
|
OTHER ASSETS LESS LIABILITIES-(14.73)%
|
(49,480,555
)
|
||
|
NET ASSETS-100.00%
|
$335,816,210
|
||
|
Notes to Schedule of Investments:
|
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is
the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
|
|
(b)
|
All or a portion of this security was out on loan at July 31, 2026.
|
|
(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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$129,632
|
$1,909,667
|
$(1,984,946
)
|
$-
|
$-
|
$54,353
|
$1,721
|
|
Investments Purchased with
Cash Collateral from
Securities on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
21,288,531
|
50,579,996
|
(58,255,037
)
|
-
|
-
|
13,613,490
|
150,123
*
|
|
Invesco Private Prime Fund
|
55,195,121
|
101,612,600
|
(120,960,182
)
|
61
|
(18
)
|
35,847,582
|
411,734
*
|
|
Total
|
$76,613,284
|
$154,102,263
|
$(181,200,165
)
|
$61
|
$(18
)
|
$49,515,425
|
$563,578
|
|
*
|
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-99.94%
|
|||
|
Communication Services-2.95%
|
|||
|
Sphere Entertainment Co.(b)(c)
|
|
12,471
|
$1,786,471
|
|
TripAdvisor, Inc.(b)(c)
|
|
38,805
|
549,673
|
|
Uniti Group, Inc.(b)(c)
|
|
178,180
|
1,731,909
|
|
|
|
|
4,068,053
|
|
Consumer Discretionary-9.21%
|
|||
|
Acushnet Holdings Corp.
|
|
7,367
|
746,056
|
|
Boot Barn Holdings, Inc.(b)
|
|
4,237
|
631,271
|
|
Brinker International, Inc.(b)(c)
|
|
5,688
|
1,215,526
|
|
Cavco Industries, Inc.(b)
|
|
631
|
345,176
|
|
Covista, Inc.(b)
|
|
8,837
|
1,103,299
|
|
Dorman Products, Inc.(b)(c)
|
|
2,981
|
396,950
|
|
Etsy, Inc.(b)
|
|
10,539
|
860,825
|
|
Frontdoor, Inc.(b)
|
|
7,368
|
535,138
|
|
Installed Building Products, Inc.(c)
|
|
1,916
|
427,153
|
|
Laureate Education, Inc., Class A(b)
|
|
39,358
|
1,507,805
|
|
Monarch Casino & Resort, Inc.
|
|
4,269
|
524,020
|
|
National Vision Holdings, Inc.(b)
|
|
24,020
|
529,401
|
|
OneSpaWorld Holdings Ltd. (Bahamas)(c)
|
|
41,031
|
1,056,958
|
|
Red Rock Resorts, Inc., Class A
|
|
8,649
|
557,342
|
|
Rush Street Interactive, Inc.(b)
|
|
24,856
|
668,875
|
|
Urban Outfitters, Inc.(b)(c)
|
|
13,905
|
1,031,473
|
|
XPEL, Inc.(b)(c)(d)
|
|
12,623
|
560,082
|
|
|
|
|
12,697,350
|
|
Consumer Staples-4.38%
|
|||
|
Cal-Maine Foods, Inc.(c)
|
|
9,966
|
874,816
|
|
Chefs’ Warehouse, Inc. (The)(b)
|
|
19,614
|
2,262,475
|
|
PriceSmart, Inc.
|
|
6,688
|
1,296,870
|
|
Tootsie Roll Industries, Inc.
|
|
11,508
|
449,042
|
|
Vita Coco Co., Inc. (The)(b)
|
|
17,368
|
1,145,246
|
|
|
|
|
6,028,449
|
|
Energy-4.72%
|
|||
|
Archrock, Inc.
|
|
25,253
|
903,047
|
|
Centrus Energy Corp., Class A(b)(c)
|
|
8,713
|
1,541,591
|
|
International Seaways, Inc.
|
|
15,052
|
1,447,701
|
|
Solaris Energy Infrastructure, Inc., Class B(c)
|
|
24,336
|
1,251,114
|
|
Tidewater, Inc.(b)(c)
|
|
18,157
|
1,362,865
|
|
|
|
|
6,506,318
|
|
Financials-22.15%
|
|||
|
Acadian Asset Management, Inc.
|
|
26,805
|
2,318,364
|
|
Adamas Trust, Inc.
|
|
206,664
|
1,874,443
|
|
ARMOUR Residential REIT, Inc.(c)
|
|
91,383
|
1,505,078
|
|
Axos Financial, Inc.(b)
|
|
10,119
|
1,026,168
|
|
Bancorp, Inc. (The)(b)
|
|
14,644
|
982,173
|
|
Dave, Inc.(b)(c)
|
|
6,898
|
2,570,816
|
|
Ellington Financial, Inc.
|
|
84,365
|
1,120,367
|
|
Enova International, Inc.(b)
|
|
8,490
|
2,157,649
|
|
EVERTEC, Inc.
|
|
16,348
|
497,633
|
|
EZCORP, Inc., Class A(b)(c)
|
|
55,659
|
1,656,968
|
|
HCI Group, Inc.
|
|
6,133
|
1,073,336
|
|
Mercury General Corp.
|
|
12,454
|
1,334,073
|
|
NMI Holdings, Inc., Class A(b)
|
|
13,662
|
605,227
|
|
Palomar Holdings, Inc.(b)
|
|
9,110
|
1,218,827
|
|
Pathward Financial, Inc.
|
|
8,985
|
792,836
|
|
PennyMac Mortgage Investment Trust(c)
|
|
77,334
|
729,260
|
|
PJT Partners, Inc., Class A(c)
|
|
3,712
|
624,767
|
|
Preferred Bank(c)
|
|
4,796
|
500,894
|
|
Sezzle, Inc.(b)(c)
|
|
11,475
|
1,775,756
|
|
SiriusPoint Ltd.(b)(c)
|
|
67,869
|
1,605,102
|
|
StepStone Group, Inc., Class A(c)
|
|
10,626
|
466,056
|
|
|
Shares
|
Value
|
|
|
Financials-(continued)
|
|||
|
StoneX Group, Inc.(b)
|
|
29,132
|
$2,230,637
|
|
Virtu Financial, Inc., Class A
|
|
16,664
|
978,677
|
|
WisdomTree, Inc.
|
|
45,136
|
874,284
|
|
|
|
|
30,519,391
|
|
Health Care-21.96%
|
|||
|
Acadia Pharmaceuticals, Inc.(b)
|
|
60,417
|
1,562,988
|
|
ADMA Biologics, Inc.(b)(c)
|
|
39,256
|
332,106
|
|
Alignment Healthcare, Inc.(b)(c)
|
|
88,776
|
1,318,324
|
|
Alkermes PLC(b)(c)
|
|
17,585
|
861,489
|
|
ANI Pharmaceuticals, Inc.(b)(c)
|
|
17,699
|
1,402,469
|
|
Artivion, Inc.(b)
|
|
23,070
|
618,968
|
|
Collegium Pharmaceutical, Inc.(b)
|
|
31,854
|
1,127,313
|
|
Corcept Therapeutics, Inc.(b)
|
|
15,241
|
1,744,942
|
|
Harmony Biosciences Holdings, Inc.(b)(c)
|
|
22,240
|
783,738
|
|
Indivior Pharmaceuticals, Inc.(b)
|
|
37,433
|
1,497,694
|
|
Inspire Medical Systems, Inc.(b)(c)
|
|
3,323
|
166,848
|
|
Ligand Pharmaceuticals, Inc.(b)(c)
|
|
5,394
|
1,550,991
|
|
Liquidia Corp.(b)(c)
|
|
26,246
|
2,207,551
|
|
National HealthCare Corp.
|
|
4,507
|
1,018,717
|
|
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)(c)
|
|
24,911
|
657,899
|
|
Pediatrix Medical Group, Inc.(b)
|
|
36,204
|
959,768
|
|
Phibro Animal Health Corp., Class A
|
|
32,365
|
1,175,820
|
|
Privia Health Group, Inc.(b)
|
|
28,913
|
684,371
|
|
Progyny, Inc.(b)
|
|
64,197
|
1,998,453
|
|
Protagonist Therapeutics, Inc.(b)
|
|
17,970
|
2,455,421
|
|
PTC Therapeutics, Inc.(b)(c)
|
|
24,022
|
1,633,736
|
|
TG Therapeutics, Inc.(b)(c)
|
|
30,699
|
1,597,269
|
|
TransMedics Group, Inc.(b)(c)
|
|
12,448
|
952,396
|
|
UFP Technologies, Inc.(b)(c)
|
|
2,492
|
634,912
|
|
Veracyte, Inc.(b)
|
|
19,443
|
900,600
|
|
Waystar Holding Corp.(b)(c)
|
|
19,511
|
411,877
|
|
|
|
|
30,256,660
|
|
Industrials-20.63%
|
|||
|
AAR Corp.(b)
|
|
10,980
|
1,537,639
|
|
Argan, Inc.
|
|
3,539
|
2,018,752
|
|
Armstrong World Industries, Inc.
|
|
4,019
|
701,959
|
|
AZZ, Inc.
|
|
7,757
|
1,122,593
|
|
Brady Corp., Class A
|
|
4,907
|
462,583
|
|
Construction Partners, Inc., Class A(b)(c)
|
|
9,761
|
1,008,799
|
|
DXP Enterprises, Inc.(b)
|
|
11,557
|
1,814,680
|
|
ESCO Technologies, Inc.
|
|
4,312
|
1,359,530
|
|
Everus Construction Group, Inc.(b)
|
|
9,103
|
1,141,789
|
|
Federal Signal Corp.
|
|
7,567
|
945,497
|
|
Granite Construction, Inc.
|
|
4,650
|
562,511
|
|
Healthcare Services Group, Inc.(b)
|
|
40,609
|
946,190
|
|
JBT Marel Corp.
|
|
3,477
|
481,460
|
|
Karman Holdings, Inc.(b)(c)
|
|
39,031
|
1,879,343
|
|
Liquidity Services, Inc.(b)
|
|
33,996
|
1,325,164
|
|
Lyft, Inc., Class A(b)(c)
|
|
52,757
|
836,726
|
|
Mercury Systems, Inc.(b)
|
|
8,310
|
806,901
|
|
MYR Group, Inc.(b)
|
|
4,094
|
1,364,203
|
|
National Presto Industries, Inc.
|
|
8,510
|
1,033,284
|
|
OPENLANE, Inc.(b)
|
|
27,216
|
1,082,108
|
|
Powell Industries, Inc.
|
|
9,922
|
2,070,523
|
|
Primoris Services Corp.
|
|
11,456
|
967,001
|
|
Proto Labs, Inc.(b)
|
|
10,206
|
765,960
|
|
Standex International Corp.
|
|
1,553
|
460,465
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Sunrun, Inc.(b)
|
|
26,887
|
$263,761
|
|
Upwork, Inc.(b)(c)
|
|
32,065
|
293,715
|
|
VSE Corp.
|
|
3,527
|
685,614
|
|
Zurn Elkay Water Solutions Corp.
|
|
9,706
|
490,250
|
|
|
|
|
28,429,000
|
|
Information Technology-11.88%
|
|||
|
ACM Research, Inc., A Shares (China)(b)
|
|
41,495
|
3,256,113
|
|
Adeia, Inc.(c)
|
|
61,684
|
1,643,879
|
|
Agilysys, Inc.(b)
|
|
3,635
|
382,257
|
|
Badger Meter, Inc.(c)
|
|
2,971
|
399,154
|
|
Calix, Inc.(b)
|
|
16,271
|
584,129
|
|
Clear Secure, Inc., Class A
|
|
38,414
|
2,121,989
|
|
Digi International, Inc.(b)(c)
|
|
9,156
|
638,356
|
|
FormFactor, Inc.(b)
|
|
7,841
|
832,714
|
|
Life360, Inc.(b)(c)
|
|
32,302
|
1,745,923
|
|
LiveRamp Holdings, Inc.(b)
|
|
16,530
|
625,991
|
|
Mirion Technologies, Inc.(b)(c)
|
|
32,748
|
490,565
|
|
OSI Systems, Inc.(b)(c)
|
|
5,005
|
1,108,057
|
|
PDF Solutions, Inc.(b)
|
|
12,173
|
561,053
|
|
Sprinklr, Inc., Class A(b)(c)
|
|
55,947
|
355,823
|
|
Viasat, Inc.(b)(c)
|
|
21,156
|
1,627,531
|
|
|
|
|
16,373,534
|
|
Materials-0.44%
|
|||
|
Sensient Technologies Corp.
|
|
4,915
|
607,838
|
|
Real Estate-1.62%
|
|||
|
Curbline Properties Corp.(c)
|
|
37,418
|
1,146,487
|
|
St. Joe Co. (The)
|
|
17,516
|
1,090,196
|
|
|
|
|
2,236,683
|
|
Total Common Stocks & Other Equity Interests
(Cost $109,057,389)
|
137,723,276
|
||
|
|
Shares
|
Value
|
|
|
Money Market Funds-0.08%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(f)(g)
(Cost $112,824)
|
|
112,824
|
$112,824
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-100.02%
(Cost $109,170,213)
|
137,836,100
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-29.85%
|
|||
|
Invesco Private Government Fund,
3.69%(f)(g)(h)
|
|
11,432,391
|
11,432,391
|
|
Invesco Private Prime Fund, 3.82%(f)(g)(h)
|
|
29,694,031
|
29,697,000
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $41,129,801)
|
41,129,391
|
||
|
TOTAL INVESTMENTS IN SECURITIES-129.87%
(Cost $150,300,014)
|
178,965,491
|
||
|
OTHER ASSETS LESS LIABILITIES-(29.87)%
|
(41,157,427
)
|
||
|
NET ASSETS-100.00%
|
$137,808,064
|
||
|
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 July 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 July 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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$62,591
|
$1,109,444
|
$(1,059,211
)
|
$-
|
$-
|
$112,824
|
$588
|
|
|
Value
April 30, 2026
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
(Loss)
|
Value
July 31, 2026
|
Dividend Income
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government Fund
|
$7,935,985
|
$15,932,876
|
$(12,436,470
)
|
$-
|
$-
|
$11,432,391
|
$92,091
*
|
|
Invesco Private Prime Fund
|
20,621,467
|
42,452,890
|
(33,376,211
)
|
430
|
(1,576
)
|
29,697,000
|
250,116
*
|
|
Total
|
$28,620,043
|
$59,495,210
|
$(46,871,892
)
|
$430
|
$(1,576
)
|
$41,242,215
|
$342,795
|
|
*
|
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-99.93%
|
|||
|
Communication Services-3.20%
|
|||
|
People, Inc.(b)
|
|
41,476
|
$1,724,158
|
|
Scholastic Corp.
|
|
68,562
|
2,787,045
|
|
Shenandoah Telecommunications Co.(c)
|
|
88,073
|
1,055,995
|
|
Versant Media Group, Inc.(c)
|
|
41,505
|
1,493,765
|
|
Ziff Davis, Inc.(b)(c)
|
|
45,349
|
2,407,125
|
|
|
|
|
9,468,088
|
|
Consumer Discretionary-25.64%
|
|||
|
Academy Sports & Outdoors, Inc.(c)
|
|
19,297
|
915,643
|
|
Adient PLC(b)
|
|
118,769
|
2,498,900
|
|
Advance Auto Parts, Inc.(c)
|
|
27,721
|
1,539,624
|
|
Asbury Automotive Group, Inc.(b)
|
|
9,642
|
2,234,051
|
|
Caesars Entertainment, Inc.(b)(c)
|
|
61,003
|
1,814,839
|
|
CarMax, Inc.(b)
|
|
66,438
|
3,804,240
|
|
Carter’s, Inc.(c)
|
|
53,156
|
2,050,227
|
|
Century Communities, Inc.(c)
|
|
39,193
|
2,632,202
|
|
Cracker Barrel Old Country Store, Inc.(c)
|
|
74,529
|
4,202,690
|
|
Dauch Corp. (Mexico)(b)(c)
|
|
379,050
|
2,141,633
|
|
Dream Finders Homes, Inc., Class A(b)(c)
|
|
93,722
|
1,198,704
|
|
Fox Factory Holding Corp.(b)(c)
|
|
102,356
|
1,842,408
|
|
G-III Apparel Group Ltd.(c)
|
|
90,296
|
3,287,677
|
|
Goodyear Tire & Rubber Co. (The)(b)(c)
|
|
316,215
|
2,197,694
|
|
Group 1 Automotive, Inc.
|
|
4,520
|
1,296,200
|
|
Kohl’s Corp.(c)
|
|
137,884
|
2,639,100
|
|
La-Z-Boy, Inc.
|
|
14,977
|
589,794
|
|
Leggett & Platt, Inc.(c)
|
|
184,221
|
1,805,366
|
|
LGI Homes, Inc.(b)
|
|
42,822
|
2,336,797
|
|
LKQ Corp.(c)
|
|
47,831
|
1,073,806
|
|
M/I Homes, Inc.(b)
|
|
7,014
|
1,024,956
|
|
MarineMax, Inc.(b)(c)
|
|
114,020
|
3,930,269
|
|
Marriott Vacations Worldwide Corp.(c)
|
|
38,476
|
3,751,795
|
|
Matthews International Corp., Class A(c)
|
|
33,574
|
931,679
|
|
Meritage Homes Corp.
|
|
16,111
|
1,130,992
|
|
Mohawk Industries, Inc.(b)(c)
|
|
14,225
|
1,751,098
|
|
Newell Brands, Inc.(c)
|
|
801,234
|
4,486,910
|
|
PENN Entertainment, Inc.(b)(c)
|
|
104,051
|
2,136,167
|
|
Phinia, Inc.
|
|
16,618
|
1,222,919
|
|
Sally Beauty Holdings, Inc.(b)(c)
|
|
79,489
|
1,189,950
|
|
Sonic Automotive, Inc., Class A
|
|
25,316
|
2,318,439
|
|
Standard Motor Products, Inc.(c)
|
|
42,201
|
1,613,344
|
|
Under Armour, Inc., Class A(b)(c)
|
|
268,633
|
1,786,410
|
|
Under Armour, Inc., Class C(b)(c)
|
|
167,571
|
1,087,536
|
|
Upbound Group, Inc.(c)
|
|
106,019
|
2,055,708
|
|
Versigent PLC(b)(c)
|
|
31,912
|
1,319,561
|
|
Winnebago Industries, Inc.(c)
|
|
64,782
|
1,961,599
|
|
|
|
|
75,800,927
|
|
Consumer Staples-9.38%
|
|||
|
Andersons, Inc. (The)
|
|
37,783
|
2,674,281
|
|
Campbell’s Co. (The)(c)
|
|
46,217
|
1,015,850
|
|
Central Garden & Pet Co.(b)(c)
|
|
5,039
|
216,929
|
|
Central Garden & Pet Co., Class A(b)
|
|
32,085
|
1,216,342
|
|
Conagra Brands, Inc.(c)
|
|
187,395
|
2,719,101
|
|
Coty, Inc., Class A(b)(c)
|
|
1,374,430
|
3,779,682
|
|
Del Monte Corp.
|
|
65,723
|
1,952,630
|
|
Edgewell Personal Care Co.(c)
|
|
167,217
|
4,546,630
|
|
Energizer Holdings, Inc.(c)
|
|
30,673
|
643,213
|
|
Flowers Foods, Inc.(c)
|
|
258,134
|
1,812,101
|
|
Grocery Outlet Holding Corp.(b)(c)
|
|
230,777
|
2,120,841
|
|
United Natural Foods, Inc.(b)(c)
|
|
55,931
|
2,842,973
|
|
Universal Corp.(c)
|
|
41,777
|
2,201,230
|
|
|
|
|
27,741,803
|
|
|
Shares
|
Value
|
|
|
Energy-8.01%
|
|||
|
Atlas Energy Solutions, Inc.(c)
|
|
103,894
|
$1,121,016
|
|
Bristow Group, Inc.
|
|
33,236
|
1,506,255
|
|
California Resources Corp.
|
|
12,852
|
676,272
|
|
Core Natural Resources, Inc.(c)
|
|
7,699
|
614,688
|
|
Crescent Energy Co., Class A
|
|
219,250
|
2,514,797
|
|
Helix Energy Solutions Group, Inc.(b)
|
|
255,296
|
2,427,865
|
|
Liberty Energy, Inc., Class A(c)
|
|
37,349
|
698,800
|
|
Northern Oil and Gas, Inc.(c)
|
|
39,357
|
832,401
|
|
Patterson-UTI Energy, Inc.
|
|
358,661
|
3,758,767
|
|
Peabody Energy Corp.
|
|
37,136
|
791,740
|
|
RPC, Inc.(c)
|
|
186,533
|
1,046,450
|
|
SM Energy Co.
|
|
100,954
|
3,283,024
|
|
Talos Energy, Inc.(b)(c)
|
|
59,931
|
909,753
|
|
World Kinect Corp.(c)
|
|
87,696
|
3,495,563
|
|
|
|
|
23,677,391
|
|
Financials-9.90%
|
|||
|
Arbor Realty Trust, Inc.(c)
|
|
113,469
|
568,480
|
|
Bread Financial Holdings, Inc.
|
|
12,296
|
1,328,829
|
|
Capitol Federal Financial, Inc.
|
|
101,351
|
895,943
|
|
Eastern Bankshares, Inc.(c)
|
|
35,498
|
815,034
|
|
Employers Holdings, Inc.
|
|
28,066
|
1,418,736
|
|
Encore Capital Group, Inc.(b)(c)
|
|
10,952
|
1,030,364
|
|
F&G Annuities & Life, Inc.(c)
|
|
73,241
|
2,092,495
|
|
First Financial Bancorp(c)
|
|
23,219
|
785,499
|
|
Franklin BSP Realty Trust, Inc.(c)
|
|
99,145
|
752,510
|
|
Genworth Financial, Inc., Class A(b)
|
|
280,745
|
2,759,723
|
|
Hilltop Holdings, Inc.
|
|
18,895
|
745,219
|
|
Hope Bancorp, Inc.
|
|
88,261
|
1,236,537
|
|
Jackson Financial, Inc., Class A
|
|
13,663
|
1,670,712
|
|
Kemper Corp.
|
|
76,080
|
2,159,150
|
|
Lincoln National Corp.(c)
|
|
57,719
|
2,632,564
|
|
Merchants Bancorp(c)
|
|
29,714
|
1,639,618
|
|
Navient Corp.(c)
|
|
67,999
|
570,512
|
|
PROG Holdings, Inc.(c)
|
|
41,562
|
1,829,559
|
|
Provident Financial Services, Inc.
|
|
29,654
|
731,861
|
|
Rithm Capital Corp.
|
|
144,147
|
1,424,172
|
|
Stewart Information Services Corp.
|
|
8,445
|
570,798
|
|
WesBanco, Inc.(c)
|
|
38,776
|
1,604,551
|
|
|
|
|
29,262,866
|
|
Health Care-6.43%
|
|||
|
Acadia Healthcare Co., Inc.(b)(c)
|
|
184,745
|
5,472,147
|
|
AdaptHealth Corp.(b)(c)
|
|
252,285
|
2,724,678
|
|
AMN Healthcare Services, Inc.(b)(c)
|
|
92,335
|
3,105,226
|
|
Astrana Health, Inc.(b)(c)
|
|
74,649
|
2,654,518
|
|
Organon & Co.
|
|
233,218
|
3,160,104
|
|
Perrigo Co. PLC
|
|
188,741
|
1,908,172
|
|
|
|
|
19,024,845
|
|
Industrials-19.83%
|
|||
|
ABM Industries, Inc.
|
|
42,975
|
2,058,932
|
|
Allegiant Travel Co.(b)
|
|
7,754
|
760,512
|
|
Amentum Holdings, Inc.(b)
|
|
37,152
|
824,774
|
|
Apogee Enterprises, Inc.
|
|
24,036
|
951,826
|
|
ArcBest Corp.
|
|
30,086
|
4,342,914
|
|
Boise Cascade Co.
|
|
20,299
|
1,550,438
|
|
Concentrix Corp.(c)
|
|
152,129
|
3,742,373
|
|
CoreCivic, Inc.(b)
|
|
31,357
|
937,574
|
|
Deluxe Corp.(c)
|
|
74,261
|
1,921,132
|
|
DNOW, Inc.(b)(c)
|
|
80,480
|
1,136,378
|
|
GEO Group, Inc. (The)(b)
|
|
37,838
|
1,168,816
|
|
Greenbrier Cos., Inc. (The)(c)
|
|
48,484
|
2,387,837
|
|
|
Shares
|
Value
|
|
|
Industrials-(continued)
|
|||
|
Heartland Express, Inc.(c)
|
|
158,892
|
$1,943,249
|
|
Hub Group, Inc., Class A
|
|
21,418
|
996,580
|
|
Insperity, Inc.(c)
|
|
23,631
|
1,195,965
|
|
JetBlue Airways Corp.(b)(c)
|
|
474,719
|
2,862,556
|
|
ManpowerGroup, Inc.
|
|
108,028
|
5,662,828
|
|
Marten Transport Ltd.
|
|
67,145
|
993,075
|
|
MasterBrand, Inc.(b)(c)
|
|
144,850
|
1,195,012
|
|
Matson, Inc.
|
|
4,991
|
1,011,127
|
|
MillerKnoll, Inc.
|
|
163,866
|
3,690,262
|
|
Quanex Building Products Corp.(c)
|
|
119,273
|
2,127,830
|
|
Robert Half, Inc.(c)
|
|
31,689
|
1,197,844
|
|
Rush Enterprises, Inc., Class A(c)
|
|
15,206
|
1,213,287
|
|
RXO, Inc.(b)(c)
|
|
108,801
|
2,203,220
|
|
Schneider National, Inc., Class B
|
|
29,642
|
1,059,405
|
|
V2X, Inc.(b)
|
|
32,344
|
2,918,723
|
|
Vestis Corp.(b)
|
|
331,683
|
4,796,136
|
|
Werner Enterprises, Inc.
|
|
47,986
|
1,795,636
|
|
|
|
|
58,646,241
|
|
Information Technology-8.88%
|
|||
|
Alpha & Omega Semiconductor Ltd.(b)(c)
|
|
53,577
|
1,700,534
|
|
Benchmark Electronics, Inc.
|
|
16,940
|
1,351,304
|
|
Corsair Gaming, Inc.(b)(c)
|
|
200,260
|
2,124,759
|
|
DXC Technology Co.(b)(c)
|
|
208,715
|
2,345,957
|
|
Everforth, Inc.(b)(c)
|
|
50,963
|
1,449,388
|
|
Ichor Holdings Ltd.(b)
|
|
79,697
|
5,998,793
|
|
Insight Enterprises, Inc.(b)
|
|
21,207
|
2,734,218
|
|
NCR Voyix Corp.(b)(c)
|
|
75,598
|
625,195
|
|
PC Connection, Inc.
|
|
16,936
|
1,417,882
|
|
ScanSource, Inc.(b)
|
|
61,242
|
3,467,522
|
|
Vishay Intertechnology, Inc.
|
|
89,270
|
3,054,819
|
|
|
|
|
26,270,371
|
|
Materials-5.59%
|
|||
|
Chemours Co. (The)(c)
|
|
47,173
|
783,543
|
|
Eastman Chemical Co.
|
|
13,751
|
961,882
|
|
FMC Corp.(c)
|
|
126,741
|
1,357,396
|
|
Kaiser Aluminum Corp.
|
|
9,326
|
1,489,176
|
|
Koppers Holdings, Inc.(c)
|
|
81,801
|
4,009,885
|
|
Metallus, Inc.(b)(c)
|
|
68,847
|
1,385,202
|
|
Minerals Technologies, Inc.
|
|
12,293
|
937,218
|
|
O-I Glass, Inc.(b)
|
|
111,204
|
795,109
|
|
Stepan Co.
|
|
48,171
|
3,089,688
|
|
Sylvamo Corp.
|
|
16,602
|
621,081
|
|
Worthington Steel, Inc.
|
|
30,220
|
1,088,222
|
|
|
|
|
16,518,402
|
|
|
Shares
|
Value
|
|
|
Real Estate-2.72%
|
|||
|
AGNT, Inc.(c)
|
|
63,625
|
$257,681
|
|
Apple Hospitality REIT, Inc.
|
|
62,610
|
1,033,691
|
|
Cushman & Wakefield Ltd.(b)
|
|
91,629
|
1,229,661
|
|
Easterly Government Properties, Inc.(c)
|
|
37,975
|
925,071
|
|
Innovative Industrial Properties, Inc.(c)
|
|
16,127
|
948,429
|
|
Pebblebrook Hotel Trust(c)
|
|
118,323
|
2,259,970
|
|
Safehold, Inc.(c)
|
|
86,240
|
1,395,363
|
|
|
|
|
8,049,866
|
|
Utilities-0.35%
|
|||
|
Hawaiian Electric Industries, Inc.(b)
|
|
79,477
|
1,026,843
|
|
Total Common Stocks & Other Equity Interests
(Cost $244,880,868)
|
295,487,643
|
||
|
Money Market Funds-0.02%
|
|||
|
Invesco Government & Agency Portfolio,
Institutional Class, 3.64%(d)(e)
(Cost $55,265)
|
|
55,265
|
55,265
|
|
TOTAL INVESTMENTS IN SECURITIES
(excluding investments purchased with cash collateral
from securities on loan)-99.95%
(Cost $244,936,133)
|
295,542,908
|
||
|
Investments Purchased with Cash Collateral from Securities
on Loan
|
|||
|
Money Market Funds-30.47%
|
|||
|
Invesco Private Government Fund,
3.69%(d)(e)(f)
|
|
24,199,164
|
24,199,164
|
|
Invesco Private Prime Fund, 3.82%(d)(e)(f)
|
|
65,904,796
|
65,911,386
|
|
Total Investments Purchased with Cash Collateral from
Securities on Loan
(Cost $90,110,760)
|
90,110,550
|
||
|
TOTAL INVESTMENTS IN SECURITIES-130.42%
(Cost $335,046,893)
|
385,653,458
|
||
|
OTHER ASSETS LESS LIABILITIES-(30.42)%
|
(89,959,490
)
|
||
|
NET ASSETS-100.00%
|
$295,693,968
|
||
|
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 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 three months ended July 31, 2026.
|
|
|
Value
April 30, 2026
|
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
|
$298,258
|
$3,362,863
|
$(3,605,856
)
|
$-
|
$-
|
$55,265
|
$1,651
|
|
Investments Purchased with
Cash Collateral from Securities
on Loan:
|
|
|
|
|
|
|
|
|
Invesco Private Government
Fund
|
17,870,718
|
33,696,052
|
(27,367,606
)
|
-
|
-
|
24,199,164
|
182,171
*
|
|
Invesco Private Prime Fund
|
50,126,763
|
80,158,301
|
(64,374,518
)
|
5,146
|
(4,306
)
|
65,911,386
|
495,180
*
|
|
Total
|
$68,295,739
|
$117,217,216
|
$(95,347,980
)
|
$5,146
|
$(4,306
)
|
$90,165,815
|
$679,002
|
|
*
|
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 500® Pure Growth ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$2,002,337,507
|
$-
|
$-
|
$2,002,337,507
|
|
Money Market Funds
|
644,944
|
31,217,000
|
-
|
31,861,944
|
|
Total Investments
|
$2,002,982,451
|
$31,217,000
|
$-
|
$2,034,199,451
|
|
Invesco S&P 500® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$1,668,091,541
|
$-
|
$-
|
$1,668,091,541
|
|
Money Market Funds
|
6,405,786
|
32,035,679
|
-
|
38,441,465
|
|
Total Investments in Securities
|
1,674,497,327
|
32,035,679
|
-
|
1,706,533,006
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
298,563
|
-
|
-
|
298,563
|
|
Total Investments
|
$1,674,795,890
|
$32,035,679
|
$-
|
$1,706,831,569
|
|
Invesco S&P MidCap 400® Pure Growth ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$338,233,511
|
$-
|
$-
|
$338,233,511
|
|
Money Market Funds
|
551,221
|
38,206,629
|
-
|
38,757,850
|
|
Total Investments
|
$338,784,732
|
$38,206,629
|
$-
|
$376,991,361
|
|
Invesco S&P MidCap 400® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$335,781,340
|
$-
|
$-
|
$335,781,340
|
|
Money Market Funds
|
54,353
|
49,461,072
|
-
|
49,515,425
|
|
Total Investments
|
$335,835,693
|
$49,461,072
|
$-
|
$385,296,765
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Invesco S&P SmallCap 600® Pure Growth ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$137,723,276
|
$-
|
$0
|
$137,723,276
|
|
Money Market Funds
|
112,824
|
41,129,391
|
-
|
41,242,215
|
|
Total Investments
|
$137,836,100
|
$41,129,391
|
$0
|
$178,965,491
|
|
Invesco S&P SmallCap 600® Pure Value ETF
|
|
|
|
|
|
Investments in Securities
|
|
|
|
|
|
Common Stocks & Other Equity Interests
|
$295,487,643
|
$-
|
$-
|
$295,487,643
|
|
Money Market Funds
|
55,265
|
90,110,550
|
-
|
90,165,815
|
|
Total Investments
|
$295,542,908
|
$90,110,550
|
$-
|
$385,653,458
|
|
*
|
Unrealized appreciation (depreciation).
|