Schedule of Investments(a)
January 31, 2022
(Unaudited)
Shares | Value | ||
Common Stocks & Other Equity Interests–98.11% | |||
Aerospace & Defense–1.96% | |||
Boeing Co. (The)(b) | 50,187 | $10,049,445 | |
Raytheon Technologies Corp. | 180,182 | 16,250,614 | |
26,300,059 | |||
Air Freight & Logistics–1.46% | |||
United Parcel Service, Inc., Class B | 96,958 | 19,605,877 | |
Airlines–0.48% | |||
Spirit Airlines, Inc.(b)(c) | 300,338 | 6,448,257 | |
Apparel Retail–0.76% | |||
Ross Stores, Inc. | 104,275 | 10,192,881 | |
Application Software–3.16% | |||
Consensus Cloud Solutions, Inc.(b)(c) | 16,641 | 943,545 | |
Q2 Holdings, Inc.(b) | 70,778 | 4,618,265 | |
salesforce.com, inc.(b) | 89,142 | 20,737,103 | |
Workday, Inc., Class A(b) | 63,749 | 16,129,134 | |
42,428,047 | |||
Automobile Manufacturers–2.08% | |||
General Motors Co.(b) | 298,357 | 15,732,365 | |
Tesla, Inc.(b) | 12,971 | 12,150,195 | |
27,882,560 | |||
Automotive Retail–1.01% | |||
CarMax, Inc.(b) | 121,577 | 13,515,715 | |
Biotechnology–0.47% | |||
Seagen, Inc.(b) | 46,533 | 6,259,154 | |
Construction Machinery & Heavy Trucks–0.96% | |||
Caterpillar, Inc. | 63,805 | 12,860,536 | |
Construction Materials–0.88% | |||
Vulcan Materials Co. | 61,784 | 11,758,113 | |
Consumer Finance–1.01% | |||
Capital One Financial Corp. | 92,611 | 13,588,812 | |
Data Processing & Outsourced Services–2.29% | |||
Mastercard, Inc., Class A | 79,358 | 30,662,344 | |
Diversified Banks–2.69% | |||
JPMorgan Chase & Co. | 243,187 | 36,137,588 | |
Electric Utilities–1.64% | |||
Avangrid, Inc.(c) | 199,987 | 9,343,393 | |
FirstEnergy Corp. | 299,903 | 12,583,930 | |
21,927,323 | |||
Electrical Components & Equipment–0.77% | |||
Hubbell, Inc. | 55,273 | 10,352,080 | |
Financial Exchanges & Data–1.52% | |||
Intercontinental Exchange, Inc. | 160,628 | 20,345,142 | |
Food Distributors–1.08% | |||
Sysco Corp. | 185,530 | 14,499,170 |
Shares | Value | ||
Gas Utilities–1.11% | |||
ONE Gas, Inc.(c) | 123,657 | $9,631,644 | |
Suburban Propane Partners L.P. | 357,051 | 5,295,066 | |
14,926,710 | |||
Health Care Equipment–1.93% | |||
Boston Scientific Corp.(b) | 252,675 | 10,839,758 | |
DexCom, Inc.(b) | 15,988 | 6,882,514 | |
Zimmer Biomet Holdings, Inc. | 66,305 | 8,156,841 | |
25,879,113 | |||
Health Care Facilities–2.11% | |||
HCA Healthcare, Inc. | 55,302 | 13,275,245 | |
Tenet Healthcare Corp.(b) | 203,520 | 15,084,902 | |
28,360,147 | |||
Health Care Services–0.55% | |||
LHC Group, Inc.(b) | 59,714 | 7,410,507 | |
Health Care Supplies–0.52% | |||
Cooper Cos., Inc. (The) | 17,399 | 6,930,022 | |
Home Improvement Retail–0.83% | |||
Home Depot, Inc. (The) | 30,455 | 11,176,376 | |
Homebuilding–0.90% | |||
D.R. Horton, Inc. | 135,064 | 12,050,410 | |
Hotels, Resorts & Cruise Lines–0.51% | |||
Airbnb, Inc., Class A(b)(c) | 44,562 | 6,861,211 | |
Household Products–1.01% | |||
Procter & Gamble Co. (The) | 83,975 | 13,473,789 | |
Human Resource & Employment Services–1.10% | |||
Korn Ferry | 222,992 | 14,802,209 | |
Industrial Machinery–0.87% | |||
Stanley Black & Decker, Inc. | 66,922 | 11,687,927 | |
Industrial REITs–2.28% | |||
Duke Realty Corp. | 162,083 | 9,365,156 | |
Prologis, Inc. | 135,357 | 21,226,684 | |
30,591,840 | |||
Insurance Brokers–1.58% | |||
Arthur J. Gallagher & Co. | 133,785 | 21,130,003 | |
Integrated Oil & Gas–2.70% | |||
Chevron Corp. | 275,734 | 36,212,146 | |
Integrated Telecommunication Services–1.67% | |||
Verizon Communications, Inc. | 420,081 | 22,360,912 | |
Interactive Home Entertainment–0.94% | |||
Zynga, Inc., Class A(b) | 1,396,331 | 12,664,722 | |
Interactive Media & Services–7.26% | |||
Alphabet, Inc., Class A(b) | 29,397 | 79,550,340 | |
Bumble, Inc., Class A(b)(c) | 52,849 | 1,559,574 | |
Snap, Inc., Class A(b) | 337,192 | 10,972,228 |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street All Cap Fund®
Shares | Value | ||
Interactive Media & Services–(continued) | |||
Ziff Davis, Inc.(b) | 49,925 | $5,245,120 | |
97,327,262 | |||
Internet & Direct Marketing Retail–4.45% | |||
Amazon.com, Inc.(b) | 19,948 | 59,673,844 | |
Internet Services & Infrastructure–0.14% | |||
Snowflake, Inc., Class A(b) | 6,754 | 1,863,429 | |
Investment Banking & Brokerage–1.25% | |||
Raymond James Financial, Inc. | 157,905 | 16,717,402 | |
Life Sciences Tools & Services–0.76% | |||
Avantor, Inc.(b) | 271,508 | 10,135,394 | |
Managed Health Care–2.87% | |||
Molina Healthcare, Inc.(b) | 25,252 | 7,335,201 | |
UnitedHealth Group, Inc. | 66,042 | 31,209,468 | |
38,544,669 | |||
Office REITs–0.51% | |||
Alexandria Real Estate Equities, Inc. | 35,153 | 6,849,211 | |
Oil & Gas Exploration & Production–0.77% | |||
Coterra Energy, Inc.(c) | 474,279 | 10,386,710 | |
Pharmaceuticals–3.33% | |||
AstraZeneca PLC, ADR (United Kingdom) | 248,769 | 14,480,843 | |
Catalent, Inc.(b) | 90,277 | 9,382,489 | |
Eli Lilly and Co. | 85,018 | 20,862,567 | |
44,725,899 | |||
Property & Casualty Insurance–1.27% | |||
Allstate Corp. (The) | 141,214 | 17,040,293 | |
Railroads–1.12% | |||
Union Pacific Corp. | 61,482 | 15,035,423 | |
Regional Banks–3.22% | |||
East West Bancorp, Inc. | 157,114 | 13,565,223 | |
First Citizens BancShares, Inc., Class A | 14,079 | 10,968,667 | |
Signature Bank | 61,415 | 18,708,852 | |
43,242,742 | |||
Restaurants–1.17% | |||
Starbucks Corp. | 160,133 | 15,744,277 | |
Semiconductor Equipment–1.68% | |||
Applied Materials, Inc. | 163,471 | 22,588,423 | |
Semiconductors–5.58% | |||
Advanced Micro Devices, Inc.(b) | 170,616 | 19,492,878 | |
NVIDIA Corp. | 113,442 | 27,777,408 |
Shares | Value | ||
Semiconductors–(continued) | |||
QUALCOMM, Inc. | 156,941 | $27,583,950 | |
74,854,236 | |||
Soft Drinks–1.73% | |||
Coca-Cola Co. (The) | 380,852 | 23,235,781 | |
Specialty Chemicals–1.22% | |||
Diversey Holdings Ltd.(b)(c) | 315,640 | 3,472,040 | |
Eastman Chemical Co. | 108,081 | 12,854,073 | |
16,326,113 | |||
Specialty Stores–0.78% | |||
Tractor Supply Co. | 48,110 | 10,502,894 | |
Systems Software–9.08% | |||
Microsoft Corp. | 255,827 | 79,557,080 | |
VMware, Inc., Class A | 328,362 | 42,187,950 | |
121,745,030 | |||
Technology Hardware, Storage & Peripherals–5.09% | |||
Apple, Inc. | 390,339 | 68,223,450 | |
Total Common Stocks & Other Equity Interests (Cost $862,226,859) | 1,316,044,184 | ||
Money Market Funds–1.88% | |||
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) | 8,796,049 | 8,796,049 | |
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) | 6,402,715 | 6,403,355 | |
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) | 10,052,628 | 10,052,628 | |
Total Money Market Funds (Cost $25,252,673) | 25,252,032 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.99% (Cost $887,479,532) | 1,341,296,216 | ||
Investments Purchased with Cash Collateral from Securities on Loan | |||
Money Market Funds–1.59% | |||
Invesco Private Government Fund, 0.02%(d)(e)(f) | 6,387,091 | 6,387,091 | |
Invesco Private Prime Fund, 0.11%(d)(e)(f) | 14,900,844 | 14,903,824 | |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $21,290,915) | 21,290,915 | ||
TOTAL INVESTMENTS IN SECURITIES–101.58% (Cost $908,770,447) | 1,362,587,131 | ||
OTHER ASSETS LESS LIABILITIES—(1.58)% | (21,151,868) | ||
NET ASSETS–100.00% | $1,341,435,263 |
Investment Abbreviations:
ADR | – American Depositary Receipt |
REIT | – Real Estate Investment Trust |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street All Cap Fund®
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | Non-income producing security. |
(c) | All or a portion of this security was out on loan at January 31, 2022. |
(d) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2022. |
Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value January 31, 2022 | Dividend Income | |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | $3,478,287 | $19,824,791 | $(14,507,029) | $- | $- | $8,796,049 | $184 |
Invesco Liquid Assets Portfolio, Institutional Class | 2,605,609 | 14,160,565 | (10,362,163) | (641) | (15) | 6,403,355 | 68 |
Invesco Treasury Portfolio, Institutional Class | 3,975,185 | 22,656,904 | (16,579,461) | - | - | 10,052,628 | 86 |
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||
Invesco Private Government Fund | 11,226,180 | 49,774,398 | (54,613,487) | - | - | 6,387,091 | 354* |
Invesco Private Prime Fund | 26,195,898 | 87,741,450 | (99,033,524) | - | - | 14,903,824 | 4,532* |
Total | $47,481,159 | $194,158,108 | $(195,095,664) | $(641) | $(15) | $46,542,947 | $5,224 |
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(e) | The rate shown is the 7-day SEC standardized yield as of January 31, 2022. |
(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. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Main Street All Cap Fund®
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of January 31, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
Common Stocks & Other Equity Interests | $1,316,044,184 | $— | $— | $1,316,044,184 |
Money Market Funds | 25,252,032 | 21,290,915 | — | 46,542,947 |
Total Investments | $1,341,296,216 | $21,290,915 | $— | $1,362,587,131 |
Invesco Main Street All Cap Fund®