Schedule of Investments(a)
September 30, 2022
(Unaudited)
Shares | Value | ||
Common Stocks & Other Equity Interests–98.94% | |||
Aerospace & Defense–2.47% | |||
Curtiss-Wright Corp. | 222,490 | $30,961,708 | |
Howmet Aerospace, Inc.(b) | 766,903 | 23,720,310 | |
54,682,018 | |||
Airlines–0.35% | |||
Spirit Airlines, Inc.(c) | 414,004 | 7,791,555 | |
Application Software–6.41% | |||
Manhattan Associates, Inc.(c) | 248,720 | 33,087,221 | |
Paylocity Holding Corp.(c) | 147,179 | 35,555,503 | |
Synopsys, Inc.(c) | 144,970 | 44,289,785 | |
Tyler Technologies, Inc.(c) | 83,438 | 28,994,705 | |
141,927,214 | |||
Asset Management & Custody Banks–1.96% | |||
Federated Hermes, Inc., Class B(b) | 615,184 | 20,374,894 | |
Northern Trust Corp. | 267,836 | 22,916,048 | |
43,290,942 | |||
Auto Parts & Equipment–2.05% | |||
Aptiv PLC(c) | 311,352 | 24,350,840 | |
Visteon Corp.(b)(c) | 197,416 | 20,937,941 | |
45,288,781 | |||
Automotive Retail–2.01% | |||
O’Reilly Automotive, Inc.(c) | 63,285 | 44,511,505 | |
Biotechnology–1.01% | |||
Seagen, Inc.(c) | 163,790 | 22,411,386 | |
Building Products–1.56% | |||
Carrier Global Corp. | 969,365 | 34,470,619 | |
Cable & Satellite–0.39% | |||
Altice USA, Inc., Class A(c) | 1,464,920 | 8,540,484 | |
Casinos & Gaming–0.53% | |||
Boyd Gaming Corp. | 245,418 | 11,694,168 | |
Communications Equipment–1.76% | |||
Motorola Solutions, Inc. | 174,471 | 39,076,270 | |
Construction & Engineering–1.17% | |||
Valmont Industries, Inc. | 96,648 | 25,961,586 | |
Construction Materials–1.96% | |||
Vulcan Materials Co. | 274,749 | 43,330,665 | |
Distillers & Vintners–1.33% | |||
Constellation Brands, Inc., Class A | 128,604 | 29,537,767 | |
Electric Utilities–1.32% | |||
American Electric Power Co., Inc. | 338,446 | 29,258,657 | |
Electrical Components & Equipment–3.80% | |||
Hubbell, Inc. | 201,849 | 45,012,327 | |
Rockwell Automation, Inc. | 130,933 | 28,164,998 | |
Vertiv Holdings Co.(b) | 1,122,354 | 10,909,281 | |
84,086,606 |
Shares | Value | ||
Electronic Equipment & Instruments–1.85% | |||
Keysight Technologies, Inc.(c) | 260,823 | $41,043,107 | |
Environmental & Facilities Services–1.80% | |||
Republic Services, Inc. | 292,307 | 39,765,444 | |
Fertilizers & Agricultural Chemicals–1.49% | |||
Mosaic Co. (The) | 682,897 | 33,004,412 | |
Financial Exchanges & Data–1.23% | |||
Cboe Global Markets, Inc. | 231,749 | 27,200,380 | |
Food Distributors–1.14% | |||
Sysco Corp. | 357,396 | 25,271,471 | |
Gas Utilities–1.58% | |||
Atmos Energy Corp.(b) | 342,558 | 34,889,532 | |
General Merchandise Stores–1.50% | |||
Dollar General Corp. | 138,642 | 33,254,670 | |
Health Care Equipment–1.08% | |||
DexCom, Inc.(b)(c) | 297,912 | 23,993,832 | |
Health Care Facilities–3.00% | |||
Acadia Healthcare Co., Inc.(b)(c) | 502,261 | 39,266,765 | |
Tenet Healthcare Corp.(c) | 524,528 | 27,055,154 | |
66,321,919 | |||
Health Care Supplies–1.75% | |||
Align Technology, Inc.(c) | 67,376 | 13,954,243 | |
Cooper Cos., Inc. (The)(b) | 94,139 | 24,843,282 | |
38,797,525 | |||
Homebuilding–2.24% | |||
D.R. Horton, Inc.(b) | 442,391 | 29,795,034 | |
TopBuild Corp.(b)(c) | 120,432 | 19,844,785 | |
49,639,819 | |||
Hotels, Resorts & Cruise Lines–2.48% | |||
Choice Hotels International, Inc. | 243,094 | 26,623,655 | |
Expedia Group, Inc.(c) | 302,154 | 28,308,808 | |
54,932,463 | |||
Household Products–1.16% | |||
Church & Dwight Co., Inc. | 360,018 | 25,719,686 | |
Human Resource & Employment Services–2.11% | |||
ASGN, Inc.(b)(c) | 264,961 | 23,944,526 | |
Korn Ferry | 483,374 | 22,694,409 | |
46,638,935 | |||
Hypermarkets & Super Centers–1.63% | |||
BJ’s Wholesale Club Holdings, Inc.(b)(c) | 496,751 | 36,168,440 | |
Industrial Machinery–2.17% | |||
Evoqua Water Technologies Corp.(b)(c) | 653,671 | 21,616,900 | |
Otis Worldwide Corp. | 415,114 | 26,484,273 | |
48,101,173 |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Mid Cap Fund®
Shares | Value | ||
Industrial REITs–1.57% | |||
Duke Realty Corp. | 468,319 | $22,572,976 | |
First Industrial Realty Trust, Inc. | 272,034 | 12,189,843 | |
34,762,819 | |||
Insurance Brokers–1.59% | |||
Arthur J. Gallagher & Co. | 206,178 | 35,301,797 | |
Interactive Home Entertainment–1.60% | |||
Electronic Arts, Inc. | 305,401 | 35,337,950 | |
Interactive Media & Services–0.61% | |||
Snap, Inc., Class A(b)(c) | 1,371,323 | 13,466,392 | |
Internet Services & Infrastructure–0.50% | |||
MongoDB, Inc.(b)(c) | 55,400 | 11,000,224 | |
Investment Banking & Brokerage–1.65% | |||
Raymond James Financial, Inc. | 369,758 | 36,539,486 | |
Life Sciences Tools & Services–0.68% | |||
Avantor, Inc.(c) | 765,692 | 15,007,563 | |
Managed Health Care–1.41% | |||
Centene Corp.(c) | 401,397 | 31,232,701 | |
Metal & Glass Containers–2.29% | |||
Crown Holdings, Inc.(b) | 270,008 | 21,878,748 | |
Silgan Holdings, Inc. | 683,851 | 28,749,096 | |
50,627,844 | |||
Movies & Entertainment–0.86% | |||
Endeavor Group Holdings, Inc., Class A(b)(c) | 943,842 | 19,122,239 | |
Multi-line Insurance–0.75% | |||
Hartford Financial Services Group, Inc. (The) | 266,481 | 16,505,833 | |
Multi-Utilities–1.56% | |||
CMS Energy Corp. | 591,323 | 34,438,652 | |
Office REITs–1.65% | |||
Alexandria Real Estate Equities, Inc. | 259,872 | 36,431,456 | |
Oil & Gas Exploration & Production–3.58% | |||
APA Corp. | 940,582 | 32,158,499 | |
Chesapeake Energy Corp.(b) | 334,319 | 31,496,193 | |
Marathon Oil Corp. | 690,409 | 15,589,435 | |
79,244,127 | |||
Oil & Gas Storage & Transportation–1.63% | |||
Cheniere Energy, Inc. | 217,969 | 36,163,237 | |
Other Diversified Financial Services–1.25% | |||
Equitable Holdings, Inc. | 1,048,335 | 27,623,627 | |
Pharmaceuticals–1.23% | |||
Catalent, Inc.(b)(c) | 376,476 | 27,241,803 | |
Property & Casualty Insurance–1.48% | |||
Allstate Corp. (The)(b) | 263,564 | 32,821,625 | |
Regional Banks–4.06% | |||
Comerica, Inc. | 448,590 | 31,894,749 |
Shares | Value | ||
Regional Banks–(continued) | |||
First Citizens BancShares, Inc., Class A | 36,507 | $29,111,777 | |
Webster Financial Corp.(b) | 638,211 | 28,847,137 | |
89,853,663 | |||
Research & Consulting Services–1.91% | |||
CACI International, Inc., Class A(c) | 105,932 | 27,654,608 | |
TransUnion | 244,359 | 14,536,917 | |
42,191,525 | |||
Residential REITs–1.42% | |||
American Homes 4 Rent, Class A(b) | 958,964 | 31,463,609 | |
Retail REITs–1.28% | |||
Kimco Realty Corp. | 1,538,354 | 28,321,097 | |
Semiconductor Equipment–1.63% | |||
KLA Corp.(b) | 64,912 | 19,644,318 | |
MKS Instruments, Inc.(b) | 198,831 | 16,431,394 | |
36,075,712 | |||
Semiconductors–1.17% | |||
Microchip Technology, Inc. | 424,630 | 25,915,169 | |
Specialized REITs–1.03% | |||
Lamar Advertising Co., Class A(b) | 276,824 | 22,835,212 | |
Specialty Stores–1.56% | |||
Tractor Supply Co.(b) | 186,043 | 34,581,673 | |
Systems Software–0.70% | |||
VMware, Inc., Class A | 146,139 | ��15,557,958 | |
Total Common Stocks & Other Equity Interests (Cost $2,095,854,972) | 2,190,268,024 | ||
Money Market Funds–1.16% | |||
Invesco Government & Agency Portfolio, Institutional Class, 2.88%(d)(e) | 8,543,121 | 8,543,121 | |
Invesco Liquid Assets Portfolio, Institutional Class, 2.90%(d)(e) | 7,446,680 | 7,448,169 | |
Invesco Treasury Portfolio, Institutional Class, 2.87%(d)(e) | 9,763,566 | 9,763,566 | |
Total Money Market Funds (Cost $25,754,146) | 25,754,856 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.10% (Cost $2,121,609,118) | 2,216,022,880 | ||
Investments Purchased with Cash Collateral from Securities on Loan | |||
Money Market Funds–5.96% | |||
Invesco Private Government Fund, 3.01%(d)(e)(f) | 36,897,753 | 36,897,753 | |
Invesco Private Prime Fund, 3.11%(d)(e)(f) | 94,910,074 | 94,910,074 | |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $131,810,172) | 131,807,827 | ||
TOTAL INVESTMENTS IN SECURITIES–106.06% (Cost $2,253,419,290) | 2,347,830,707 | ||
OTHER ASSETS LESS LIABILITIES—(6.06)% | (134,062,088) | ||
NET ASSETS–100.00% | $2,213,768,619 |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Mid Cap Fund®
Investment Abbreviations:
REIT | – Real Estate Investment Trust |
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | All or a portion of this security was out on loan at September 30, 2022. |
(c) | Non-income producing security. |
(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 nine months ended September 30, 2022. |
Value December 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation | Realized Gain (Loss) | Value September 30, 2022 | Dividend Income | |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | $3,295,302 | $109,991,934 | $(104,744,115) | $- | $- | $8,543,121 | $13,240 |
Invesco Liquid Assets Portfolio, Institutional Class | 2,353,787 | 78,565,668 | (73,471,556) | 710 | (440) | 7,448,169 | 22,544 |
Invesco Treasury Portfolio, Institutional Class | 6,164,818 | 125,705,068 | (122,106,320) | - | - | 9,763,566 | 21,878 |
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||
Invesco Private Government Fund | 76,977,397 | 360,179,652 | (400,259,296) | - | - | 36,897,753 | 277,915* |
Invesco Private Prime Fund | 179,613,921 | 787,219,162 | (871,904,854) | 672 | (18,827) | 94,910,074 | 767,921* |
Total | $268,405,225 | $1,461,661,484 | $(1,572,486,141) | $1,382 | $(19,267) | $157,562,683 | $1,103,498 |
* | 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 September 30, 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 Mid Cap Fund®
Notes to Quarterly Schedule of Portfolio Holdings
September 30, 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 Invesco Advisers, Inc.’sassumptions 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 September 30, 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 | $2,190,268,024 | $— | $— | $2,190,268,024 |
Money Market Funds | 25,754,856 | 131,807,827 | — | 157,562,683 |
Total Investments | $2,216,022,880 | $131,807,827 | $— | $2,347,830,707 |
Invesco Main Street Mid Cap Fund®