Informe Semestral

Invesco Funds Interim Report
Socit dInvestissement Capital Variable
For the six months ended 31 August 2013 (unaudited)

(R.C.S. Luxembourg B34457)
Registered Office:
2-4 rue Eugne Ruppert, L-2453 Luxembourg
No subscription can be accepted on the basis of financial reports alone. Subscriptions, in order to be valid, must be made on the basis of the current
Prospectus supplemented by a copy of the latest available Audited Annual Report and a copy of the latest Unaudited Semi-Annual Report, if later than such
Audited Annual Report.
Copies of the Prospectus, Audited Annual Report and Unaudited Semi-Annual Report may be obtained at the Registered Office of the Company (Invesco
Funds), 2-4 rue Eugne Ruppert, L-2453 Luxembourg, as well as from the offices of the Global Distributor in Dublin. Notices of all General Meetings will be
published in the Luxemburger Wort and, to the extent required by law, in the Mmorial, Recueil des Socits et Associations (Mmorial) and will be sent to
holders of registered Shares at their address in the Register of Shareholders by post at least 8 days prior to meetings. In the event of any discrepancy between
translations from English text into foreign languages, please note that the English text will prevail.
Equalisation is calculated for tax reporting purposes and is not disclosed in the Audited Annual or Interim Reports.
Contents
Page(s)
Statement of Investments
Equity Funds
Global
Invesco Global Structured Equity Fund
Invesco Emerging Market Quantitative Equity Fund
Invesco Global Smaller Companies Equity Fund
Invesco Global Equity Income Fund
05
07
10
15
Invesco Latin American Equity Fund

Invesco US Structured Equity Fund
Invesco US Value Equity Fund
Invesco US Equity Fund
17
19
21
23
Invesco Pan European Structured Equity Fund

Invesco Pan European Equity Fund
Invesco Pan European Small Cap Equity Fund
Invesco European Growth Equity Fund
Invesco Pan European Equity Income Fund
Invesco Emerging Europe Equity Fund
Invesco Pan European Focus Equity Fund
25
27
29
32
34
36
38
Invesco Nippon Small/Mid Cap Equity Fund

Invesco Japanese Equity Advantage Fund
Invesco Japanese Value Equity Fund
39
41
42
Invesco Asia Opportunities Equity Fund

Invesco Greater China Equity Fund
Invesco Asia Infrastructure Fund
Invesco India Equity Fund
Invesco Asia Consumer Demand Fund
Invesco China Focus Equity Fund
Invesco Asian Focus Equity Fund
44
46
48
50
52
54
55
Invesco Global Leisure Fund

Invesco Energy Fund
Invesco Global Income Real Estate Securities Fund
Invesco Gold & Precious Metals Fund
57
59
60
64
Invesco USD Reserve Fund

Invesco Euro Reserve Fund
65
66
America
Europe
Japan
Asia
Theme Funds
Reserve Funds
03
Invesco Funds
Contents
Bond Funds
Invesco Global Bond Fund
Invesco European Bond Fund
Invesco Absolute Return Bond Fund
Invesco Euro Inflation-Linked Bond Fund
Invesco Euro Corporate Bond Fund
Invesco UK Investment Grade Bond Fund
Invesco Emerging Local Currencies Debt Fund
Invesco Global Investment Grade Corporate Bond Fund
Invesco Global Unconstrained Bond Fund
Invesco Global Total Return (EUR) Bond Fund
Invesco Emerging Market Corporate Bond Fund
Invesco Euro Short Term Bond Fund
Invesco Asian Bond Fund
Invesco US High Yield Bond Fund
Invesco Renminbi Fixed Income Fund
67
69
71
72
73
77
79
81
83
84
85
87
89
91
96
Mixed Funds
Invesco Capital Shield 90 (EUR) Fund
Invesco Asia Balanced Fund
Invesco Pan European High Income Fund
Invesco Global Absolute Return Fund
Invesco Balanced-Risk Allocation Fund
98
99
103
109
110
Financial Statements
Statement of Net Assets
111-119
Net Asset Values
120-126
Notes to the Financial Statements
127-155
Other Information
156-157
Board of Directors
158
Organisation
158
04
Invesco Funds

Statement of Investments as at 31 August 2013
Nominal/Shares
Investment
Market Value
USD
Net Assets
%
TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE LISTING OR DEALT IN ON ANOTHER REGULATED MARKET
EQUITIES
AUSTRALIA
Amcor Ltd
Caltex Australia Ltd
carsales.com Ltd
CSL Ltd
DuluxGroup Ltd
Flight Centre Ltd
Primary Health Care Ltd
Ramsay Health Care Ltd
Suncorp Group Ltd
Tatts Group Ltd
Telstra Corp Ltd
Wesfarmers Ltd
Woolworths Ltd
261,978
23,471
73,665
37,110
130,132
58,933
131,413
39,864
216,987
106,459
532,275
60,772
71,180
BERMUDA
Everest Re Group Ltd
Marvell Technology Group Ltd
6,000
68,800
CANADA
Agnico-Eagle Mines Ltd
Aimia Inc
Atco Ltd
Canadian Oil Sands Ltd
Canadian Utilities Ltd
Cineplex Inc
Dollarama Inc
Empire Co Ltd
Encana Corp
Husky Energy Inc
Methanex Corp
Metro Inc
National Bank of Canada
ShawCor Ltd
Yamana Gold Inc
42,200
23,300
13,600
100,100
5,400
6,800
8,100
4,500
139,200
80,100
12,600
23,800
32,000
11,100
107,700
DENMARK
Coloplast A/S
GN Store Nord A/S
Novo Nordisk A/S
40,548
100,190
14,821
2,440,316
395,509
733,930
2,255,701
524,656
2,474,793
606,767
1,329,596
2,388,811
305,017
2,333,935
2,209,758
2,267,824
1.77
0.29
0.53
1.64
0.38
1.79
0.44
0.96
1.73
0.22
1.69
1.60
1.64
20,266,613
14.68
824,160
826,632
0.60
0.60
1,650,792
1.20
1,285,829
354,199
556,635
1,938,380
174,442
252,176
577,985
345,096
2,380,003
2,272,777
594,442
1,515,058
2,501,609
439,174
1,238,023
0.93
0.26
0.40
1.41
0.13
0.18
0.42
0.25
1.73
1.65
0.43
1.10
1.81
0.32
0.90
16,425,828
11.92
2,191,461
2,056,587
2,501,041
1.59
1.49
1.81
6,749,089
4.89
FRANCE
Teleperformance
23,618
1,082,525
0.78
GERMANY
Freenet AG
34,366
814,650
0.59
HONG KONG
Power Assets Holdings Ltd
45,000
387,453
0.28
ISRAEL
Bezeq The Israeli Telecommunication Corp Ltd
777,308
1,274,388
0.92
JAPAN
Astellas Pharma Inc
COMSYS Holdings Corp
Dai Nippon Printing Co Ltd
Daihatsu Motor Co Ltd
FamilyMart Co Ltd
Kewpie Corp
Namco Bandai Holdings Inc
Nippon Express Co Ltd*
Nippon Telegraph & Telephone Corp
Suzuken Co Ltd
25,400
43,000
210,000
22,000
52,400
28,400
85,900
304,000
46,500
19,700
1,302,199
534,380
2,040,984
413,298
2,204,898
429,138
1,371,024
1,425,435
2,363,825
608,291
0.94
0.39
1.48
0.30
1.60
0.31
0.99
1.03
1.71
0.44
05
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
467,000
4,900
54,900
2,420,354
612,687
2,269,565
1.75
0.44
1.65
17,996,078
13.03
596,791
1,053,778
0.76
1,194,356
1,122,178
0.81
440,000
209,000
635,271
687,966
0.46
0.50
1,323,237
0.96
9,534
2,395,460
1.74
57,800
44,815
32,708
121,984
33,973
202,258
5,227
66,002
73,190
91,929
2,127,907
2,217,553
504,124
1,878,704
2,598,488
2,523,216
188,676
2,140,713
958,730
595,044
1.54
1.61
0.37
1.36
1.88
1.83
0.14
1.55
0.70
0.43
15,733,155
11.41
2,508,665
2,340,382
1,843,214
883,965
2,089,840
2,520,505
297,906
2,158,005
2,382,366
1,953,465
2,178,252
632,530
2,467,108
2,513,160
2,225,916
2,542,674
2,248,547
1,506,993
957,806
823,433
308,547
1.82
1.70
1.34
0.64
1.52
1.83
0.22
1.56
1.73
1.42
1.58
0.46
1.79
1.82
1.61
1.84
1.63
1.09
0.69
0.60
0.22
37,383,279
27.11
TOTAL EQUITIES
125,658,503
91.08
TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

LISTING OR DEALT IN ON ANOTHER REGULATED MARKET
125,658,503
91.08
Total Investments
125,658,503
91.08
Investment
JAPAN (continued)
Tokyo Gas Co Ltd
USS Co Ltd
West Japan Railway Co
NEW ZEALAND
Telecom Corp of New Zealand Ltd
NORWAY
Marine Harvest ASA
SINGAPORE
ComfortDelGro Corp Ltd
StarHub Ltd
SWITZERLAND
Roche Holding AG
UNITED KINGDOM
Amdocs Ltd
AstraZeneca Plc
De La Rue Plc
Mondi Plc
Next Plc
Reed Elsevier Plc
Rightmove Plc
Royal Dutch Shell Plc
WH Smith Plc
William Hill Plc
UNITED STATES
AmerisourceBergen Corp
Amgen Inc
AOL Inc
Celgene Corp
Cisco Systems Inc
ConocoPhillips
Convergys Corp
Edison International
Eli Lilly & Co
Entergy Corp
Gap Inc
Kroger Co
Marathon Petroleum Corp
Northrop Grumman Corp
Pfizer Inc
ResMed Inc
Symantec Corp
Tyson Foods Inc
United Therapeutics Corp
Universal Corp
Yahoo! Inc
43,900
21,500
54,300
6,200
89,100
38,100
16,400
47,000
46,300
31,000
53,500
17,200
33,500
27,000
79,200
524,297
86,300
52,100
13,100
16,500
11,300
The accompanying notes form an integral part of these financial statements.

*Securities partially lent, see note 14 for further details.
06
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BRAZIL
Banco do Brasil SA
Bradespar SA (Preferred)
Braskem SA (Preferred)
Cia Brasileira de Distribuicao Grupo Pao de Acucar (Preferred)
Cia de Bebidas das Americas ADR (Preferred)
Cosan SA Industria e Comercio
Cyrela Brazil Realty SA Empreendimentos e Participacoes
Itausa - Investimentos Itau SA (Preferred)
Klabin SA (Preferred)
Lojas Renner SA
Natura Cosmeticos SA
Petroleo Brasileiro SA ADR
Petroleo Brasileiro SA (Preferred)
Porto Seguro SA
Souza Cruz SA
Sul America SA
Ultrapar Participacoes SA
Vale SA (Preferred)
CAYMAN ISLANDS
Country Garden Holdings Co Ltd
Geely Automobile Holdings Ltd
Shimao Property Holdings Ltd
Want Want China Holdings Ltd
144,200
19,700
29,000
5,100
4,500
70,000
59,800
310,310
40,000
6,800
14,200
10,400
21,000
16,400
112,600
35,242
59,100
20,300
1,380,386
203,905
211,479
207,108
157,433
1,194,206
399,333
1,076,539
205,653
166,361
266,810
142,220
150,470
180,349
1,213,907
205,763
1,314,108
265,268
1.73
0.26
0.26
0.26
0.20
1.50
0.50
1.35
0.26
0.21
0.34
0.18
0.19
0.23
1.53
0.26
1.65
0.33
8,941,298
11.24
369,611
162,885
343,790
283,960
0.46
0.21
0.43
0.36
1,160,246
1.46
199,524
251,833
194,361
249,499
361,080
747,992
0.25
0.32
0.24
0.31
0.45
0.94
2,004,289
2.51
162,060
852,048
1,248,722
298,689
853,175
1,739,855
146,042
1,464,054
647,643
1,222,928
136,037
0.20
1.07
1.57
0.38
1.07
2.19
0.18
1.84
0.81
1.54
0.17
8,771,253
11.02
53,589
246,053
0.31
223,000
81,000
1,506,000
2,398,081
160,633
1,455,424
3.01
0.20
1.83
4,014,138
5.04
154,199
177,009
1,276,768
219,447
564,541
0.19
0.22
1.60
0.28
0.71
2,391,964
3.00
588,000
310,000
135,000
192,000
CHILE
AES Gener SA
Aguas Andinas SA
Banco de Credito e Inversiones
CAP SA
Cia Cervecerias Unidas SA ADR
Enersis SA
316,605
378,180
4,137
11,702
13,600
2,430,362
CHINA
Agricultural Bank of China Ltd
Bank of China Ltd
China Construction Bank Corp
China Merchants Bank Co Ltd
China Oilfield Services Ltd
China Petroleum & Chemical Corp
Chongqing Rural Commercial Bank
Great Wall Motor Co Ltd
Guangzhou R&F Properties Co Ltd
Industrial & Commercial Bank of China Ltd
Yantai Changyu Pioneer Wine Co Ltd
378,000
2,027,000
1,705,000
173,000
332,000
2,416,000
325,000
288,000
398,000
1,867,000
42,100
COLOMBIA
Cementos Argos SA
HONG KONG
China Mobile Ltd
CNOOC Ltd
Lenovo Group Ltd
INDONESIA
Bank Mandiri Persero Tbk PT
Bank Negara Indonesia Persero Tbk PT
Bank Rakyat Indonesia Persero Tbk PT
Indo Tambangraya Megah Tbk PT
Indofood Sukses Makmur Tbk PT
238,000
507,000
2,104,500
76,500
959,500
07
Invesco Funds

Investment
MALAYSIA
AirAsia BHD
Alliance Financial Group Bhd
British American Tobacco Malaysia Bhd
DiGi.Com Bhd
IOI Corp Bhd
Kuala Lumpur Kepong Bhd
Malayan Banking Bhd
Petronas Chemicals Group Bhd
Public Bank Bhd
UMW Holdings Bhd
MEXICO
Alfa SAB de CV
America Movil SAB de CV ADR
Grupo Financiero Banorte SAB de CV
Grupo Mexico SAB de CV
Industrias Penoles SAB de CV
Kimberly-Clark de Mexico SAB de CV
Nominal/Shares
Market Value
USD
Net Assets
%
731,100
144,800
16,300
160,300
132,700
28,300
69,500
101,800
136,700
68,800
575,350
221,954
306,769
228,633
217,950
185,492
211,371
204,544
712,055
262,862
0.72
0.28
0.39
0.29
0.27
0.23
0.27
0.26
0.90
0.33
3,126,980
3.94
401,545
1,372,380
149,783
885,092
221,153
653,115
0.50
1.72
0.19
1.11
0.28
0.82
3,683,068
4.62
159,300
71,200
24,400
303,000
6,925
242,800
PHILIPPINES
Metropolitan Bank & Trust
342,810
625,283
0.79
POLAND
Powszechna Kasa Oszczednosci Bank Polski SA
Powszechny Zaklad Ubezpieczen SA
136,053
2,197
1,593,066
299,698
2.00
0.38
1,892,764
2.38
912,156
798,075
1,073,694
337,172
129,713
576,565
1.15
1.00
1.35
0.43
0.16
0.72
3,827,375
4.81
437,062
1,281,713
892,175
1,122,005
323,651
1,373,197
0.55
1.61
1.12
1.41
0.41
1.73
5,429,803
6.83
203,864
255,892
879,745
1,818,171
1,187,685
210,237
403,238
166,142
4,067,309
1,539,811
1,594,083
0.26
0.32
1.11
2.28
1.49
0.26
0.51
0.21
5.11
1.93
2.00
12,326,177
15.48
1,210,178
251,617
336,824
258,329
175,943
1.52
0.32
0.42
0.32
0.22
RUSSIA
Lukoil OAO ADR
MegaFon OAO GDR
Rosneft OAO GDR
Sberbank of Russia (Preferred)
Severstal OAO GDR
Uralkali OJSC GDR
15,693
23,777
145,241
160,949
15,718
24,629
SOUTH AFRICA
Exxaro Resources Ltd
FirstRand Ltd
Imperial Holdings Ltd
Kumba Iron Ore Ltd
Liberty Holdings Ltd
Woolworths Holdings Ltd
27,805
441,014
44,353
25,861
29,377
211,103
SOUTH KOREA
Dongbu Insurance Co Ltd
Hana Financial Group Inc
Hyundai Motor Co
Kia Motors Corp
Kumho Petro chemical Co Ltd
LG Corp
LG Display Co Ltd
Samsung Electronics Co Ltd (Preferred)
Samsung Electronics Co Ltd
Samsung Heavy Industries Co Ltd
SK Holdings Co Ltd
4,820
8,110
3,918
30,056
14,307
3,491
15,290
202
3,304
43,300
9,488
TAIWAN
Asustek Computer Inc
E.Sun Financial Holding Co Ltd
Farglory Land Development Co Ltd
Mega Financial Holding Co Ltd
Merida Industry Co Ltd
152,000
398,915
187,000
338,680
27,000
08
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
215,000
1,611,000
171,100
773,000
100,990
738,000
584,000
392,287
693,131
2,851,381
807,885
171,104
302,727
630,847
0.49
0.87
3.58
1.02
0.22
0.38
0.79
8,082,253
10.15
973,964
1,591,208
1.22
2.00
2,565,172
3.22
604,595
154,300
393,806
200,144
0.76
0.19
0.50
0.25
1,352,845
1.70
TOTAL EQUITIES
70,440,961
88.50

70,440,961
88.50
6,637
0.01
TOTAL RIGHTS
6,637
0.01
TOTAL OTHER TRANSFERABLE SECURITIES
6,637
0.01
4,602,958
5.78
4,602,958
5.78
75,050,556
94.29
Investment
TAIWAN (continued)
Powertech Technology Inc
Taishin Financial Holding Co Ltd
Taiwan Semiconductor Manufacturing Co Ltd ADR
Teco Electric and Machinery Co Ltd
TSRC Corp
United Microelectronics Corp
Vanguard International Semiconductor Corp
THAILAND
PTT Global Chemical PCL
PTT PCL
455,200
156,400
TURKEY
Turk Hava Yollari
Turk Telekomunikasyon AS
Turkiye Halk Bankasi AS
Turkiye Is Bankasi
194,294
50,382
61,504
85,086
OTHER TRANSFERABLE SECURITIES

RIGHTS
HONG KONG
China Merchants Bank Rights 03/10/2013
30,102
OPEN-ENDED FUNDS
FRANCE
Lyxor ETF MSCI India
418,000
TOTAL OPEN-ENDED FUNDS

Total Investments
The accompanying notes form an integral part of these financial statements
09
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
BT Investment Management Ltd
DuluxGroup Ltd
iiNET Ltd
Navitas Ltd
REA Group Ltd
Seek Ltd
250,000
2,088
136,315
200,000
13,003
75,000
AUSTRIA
Wienerberger AG
BELGIUM
Tessenderlo Chemie NV
CANADA
Aimia Inc
Air Canada
CAE Inc
Dorel Industries Inc
Entertainment One Ltd
MacDonald Dettwiler & Associates Ltd
Tricon Capital Group Inc
Ultra Petroleum Corp
821,317
8,418
718,358
1,112,075
420,907
716,725
0.83
0.01
0.73
1.13
0.43
0.73
3,797,800
3.86
45,000
652,818
0.66
5,642
137,853
0.14
75,000
250,000
65,000
25,000
15,817
7,500
100,000
20,527
1,140,125
664,093
693,437
857,143
52,717
573,520
563,113
431,170
1.16
0.68
0.71
0.87
0.05
0.58
0.57
0.44
4,975,318
5.06
DENMARK
Vestas Wind Systems A/S
55,000
1,040,631
1.06
FRANCE
Alten SA
Eiffage SA
Euro Disney SCA
Havas SA
LISI
Orpea
Paris Orleans SA
Terreis
Total Gabon
Virbac SA
10,000
10,000
71,423
85,000
4,821
11,476
45,000
17,490
1,100
1,738
403,801
539,240
437,339
619,335
632,463
532,039
1,037,836
402,446
693,906
319,955
0.41
0.55
0.45
0.63
0.64
0.54
1.05
0.41
0.71
0.33
5,618,360
5.72
86,876
452,257
736,904
0.09
0.46
0.75
1,276,037
1.30
10,000
22,539
0.02
157,500
100,000
891,112
847,321
0.91
0.86
1,738,433
1.77
64,305
791,087
667,785
1,043,992
969,950
609,704
849,635
0.07
0.81
0.68
1.06
0.98
0.62
0.86
4,996,458
5.08
GERMANY
HanseYachts AG
MTU Aero Engines AG
Takkt AG
24,558
5,000
40,000
HONG KONG
YGM Trading Ltd
IRELAND
C&C Group Plc
Origin Enterprises Plc
ITALY
Brembo SpA
Cairo Communication SpA
Elica SpA
Maire Tecnimont SpA
Moleskine SpA
RCS MediaGroup SpA
Recordati SpA
2,810
155,000
363,526
700,000
376,671
392,770
74,687
10
Invesco Funds

Investment
JAPAN
Accordia Golf Co Ltd
Aica Kogyo Co Ltd
Asics Corp
Digital Garage Inc
Fujitsu General Ltd
GMO internet Inc
Makita Corp
Mori Hills REIT Investment Corp
Mori Trust Sogo REIT Inc
Nissan Chemical Industries Ltd
NTT Urban Development Corp
Sanwa Holdings Corp
Shiseido Co Ltd
Start Today Co Ltd
Suruga Bank Ltd
Takara Leben Co Ltd
Tokyu REIT Inc
LUXEMBOURG
GAGFAH SA
Samsonite International SA
Nominal/Shares
Market Value
USD
Net Assets
%
770
30,000
70,000
100
75,000
50,000
12,500
150
65
60,000
650
95,000
35,000
30,000
25,000
150,000
175
836,172
545,260
1,230,934
511,150
809,489
554,170
664,393
836,218
540,398
824,763
771,052
531,056
556,130
671,723
394,308
517,004
891,394
0.85
0.55
1.25
0.52
0.82
0.56
0.68
0.85
0.55
0.84
0.78
0.54
0.57
0.69
0.40
0.53
0.92
11,685,614
11.90
868,603
642,805
0.89
0.65
1,511,408
1.54
745,808
419,041
525,273
495,195
745,378
831,924
529,758
496,394
0.75
0.43
0.53
0.50
0.76
0.85
0.54
0.51
4,788,771
4.87
440,561
674,933
0.45
0.69
1,115,494
1.14
511,265
629,354
0.52
0.64
1,140,619
1.16
13,000
46,974
0.05
301,617
2,725
30,000
56,545
34,700
15,000
818,411
196,621
881,644
853,990
349,609
518,223
0.83
0.20
0.89
0.87
0.36
0.53
3,618,498
3.68
510,441
713,015
0.52
0.73
1,223,456
1.25
337,035
0.34
70,000
247,100
NETHERLANDS
Arcadis NV
Heijmans NV
Koninklijke BAM Groep NV
Koninklijke Boskalis Westminster NV
Koninklijke Wessanen NV
Nutreco NV
SBM Offshore NV
TKH Group NV
30,000
41,627
125,000
12,500
200,000
17,667
26,783
17,500
NEW ZEALAND
Air New Zealand Ltd
Trade Me Ltd Npv
400,000
200,000
PORTUGAL
Banco Espirito Santo SA
REN - Redes Energeticas Nacionais SGPS SA
466,952
215,000
SINGAPORE
SIA Engineering Co Ltd
SPAIN
Abengoa SA
Baron de Ley
Bolsas y Mercados Espanoles SA
Indra Sistemas SA
Laboratorios Farmaceuticos Rovi SA
Miquel y Costas & Miquel SA
SWEDEN
Lindab International AB
Nobia AB
56,454
90,000
SWITZERLAND
Foster Wheeler AG
14,465
11
Invesco Funds

Investment
UNITED KINGDOM
Balfour Beatty Plc
Diploma Plc
Henderson Group Plc
Inchcape Plc
Premier Farnell Plc
Rentokil Initial Plc
Stagecoach Group Plc
Thomas Cook Group Plc
Topps Tiles Plc
UTi Worldwide Inc
UNITED STATES
Actuate Corp
Affiliated Managers Group Inc
American Financial Group Inc
Amsurg Corp
Arris Group Inc
Arthur J Gallagher & Co
Artisan Partners Asset Management Inc
Auxilium Pharmaceuticals Inc
Bally Technologies Inc
Beacon Roofing Supply Inc
Bebe Stores Inc
Belden Inc
Bio-Rad Laboratories Inc
Boston Private Financial Holdings Inc
Cadence Design Systems Inc
Celadon Group Inc
Charles River Laboratories International Inc
Cracker Barrel Old Country Store Inc
Cray Inc
Cubist Pharmaceuticals Inc
CVB Financial Corp
Dana Holding Corp
DCT Industrial Trust Inc
DineEquity Inc
Douglas Emmett Inc
Dresser-Rand Group Inc
E*TRADE Financial Corp
Eagle Materials Inc
East West Bancorp Inc
Electro Scientific Industries Inc
Endo Health Solutions Inc
Energen Corp
EnerSys Inc
Evercore Partners Inc
Fairchild Semiconductor International Inc
FEI Co
FMC Corp
FNB Corp
Glacier Bancorp Inc
GNC Holdings Inc
Graphic Packaging Holding Co
Haemonetics Corp
Haynes International Inc
Helix Energy Solutions Group Inc
Hittite Microwave Corp
Informatica Corp
Interface Inc
Interpublic Group of Cos Inc
IPC The Hospitalist Co Inc
Jack Henry & Associates Inc
JDS Uniphase Corp
Jones Lang LaSalle Inc
Landstar System Inc
LaSalle Hotel Properties
Lattice Semiconductor Corp
12
Nominal/Shares
Market Value
USD
Net Assets
%
250,000
46,469
400,000
80,000
150,000
350,000
200,000
125,000
800,000
16,750
964,224
429,156
1,026,852
724,874
521,681
544,198
990,268
274,967
1,033,983
283,410
0.98
0.44
1.04
0.74
0.53
0.55
1.01
0.28
1.05
0.29
6,793,613
6.91
162,769
473,502
454,559
473,217
409,194
396,503
97,551
214,849
635,891
347,899
224,447
413,369
351,316
408,316
406,083
398,301
403,895
425,291
581,157
466,486
422,394
451,811
325,784
321,083
346,947
378,256
533,533
392,509
442,337
1,419
397,711
438,192
491,337
453,998
314,653
273,718
440,117
345,353
450,698
457,505
566,511
359,039
236,780
472,030
368,332
392,064
490,350
458,475
399,048
470,822
336,162
395,182
301,860
373,656
261,391
0.17
0.49
0.46
0.48
0.42
0.40
0.10
0.22
0.65
0.35
0.23
0.42
0.36
0.42
0.41
0.41
0.41
0.43
0.59
0.47
0.43
0.46
0.33
0.33
0.35
0.38
0.55
0.40
0.45
0.40
0.45
0.50
0.46
0.32
0.28
0.45
0.35
0.46
0.47
0.57
0.37
0.24
0.49
0.37
0.40
0.50
0.47
0.41
0.48
0.34
0.40
0.31
0.38
0.27
23,203
2,711
8,739
12,422
25,776
9,417
2,088
12,033
8,751
9,432
37,439
7,216
3,052
39,280
29,717
21,777
8,633
4,264
23,223
7,286
32,731
21,177
48,300
4,788
14,900
6,149
37,219
6,121
14,856
128
9,617
6,528
9,391
9,955
25,365
3,435
6,594
28,296
18,783
8,881
66,924
8,938
5,216
18,342
5,962
10,835
27,024
28,844
7,674
9,378
25,671
4,711
5,400
13,992
53,509
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
21,474
34,000
8,560
10,748
12,206
2,650
2,800
13,194
12,849
5,795
4,443
11,724
6,500
11,763
17,238
24,249
3,904
2,949
7,377
7,444
28,709
10,667
13,183
15,122
36,612
6,264
12,312
4,663
7,461
10,118
16,324
5,114
8,544
12,105
4,945
6,929
10,697
5,936
6,192
2,696
22,317
9,838
11,551
8,093
14,818
5,171
10,463
16,958
10,665
470,603
403,410
395,001
409,445
392,362
244,396
172,942
348,520
432,690
457,139
401,892
514,625
452,400
466,109
386,390
662,846
207,927
380,185
489,907
347,970
478,435
614,259
395,951
545,830
469,183
435,442
488,787
364,064
338,021
525,225
266,979
338,342
385,121
438,262
361,109
482,917
425,473
362,571
428,672
370,754
478,142
346,740
496,520
428,727
395,715
392,039
413,812
409,281
302,299
0.48
0.41
0.40
0.42
0.40
0.25
0.18
0.35
0.44
0.47
0.41
0.51
0.46
0.47
0.39
0.67
0.21
0.39
0.50
0.35
0.49
0.63
0.40
0.56
0.48
0.44
0.49
0.37
0.34
0.53
0.27
0.34
0.39
0.45
0.37
0.49
0.43
0.37
0.44
0.38
0.48
0.35
0.51
0.44
0.40
0.40
0.42
0.42
0.31
41,521,083
42.26
TOTAL EQUITIES
98,038,812
99.77

98,038,812
99.77
Investment
UNITED STATES (continued)

La-Z-Boy Inc
Lexington Realty Trust
LifePoint Hospitals Inc
MAXIMUS Inc
Medicines Co
MicroStrategy Inc
Mid-America Apartment Communities Inc
MRC Global Inc
Nexstar Broadcasting Group Inc
Oceaneering International Inc
Oil States International Inc
Old Dominion Freight Line Inc
Papa John's International Inc
Penske Automotive Group Inc
Pier 1 Imports Inc
PolyOne Corp
Power Integrations Inc
PVH Corp
Red Robin Gourmet Burgers Inc
Rosetta Resources Inc
Sanmina Corp
Schweitzer-Mauduit International Inc
Semtech Corp
SS&C Technologies Holdings Inc
Susquehanna Bancshares Inc
Targa Resources Corp
Team Inc
Teleflex Inc
Texas Capital Bancshares Inc
Thor Industries Inc
Titan International Inc
TreeHouse Foods Inc
Trex Co Inc
Trimas Corp
Triumph Group Inc
TRW Automotive Holdings Corp
UGI Corp
United Natural Foods Inc
Universal Health Services Inc
Valmont Industries Inc
ValueClick Inc
Veeco Instruments Inc
Waste Connections Inc
Watts Water Technologies Inc
Webster Financial Corp
West Pharmaceutical Services Inc
Wintrust Financial Corp
Wright Medical Group Inc
Zions Bancorporation

EQUITIES
AUSTRALIA
Gunns Ltd**
Gunns Ltd PFD**
939,388
727
13
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
1,795
TOTAL EQUITIES
434,583
0.44
TOTAL OPTIONS
434,583
0.44
Total Investments
98,473,395
100.21
Investment
GERMANY
SCS Standard Computersysteme Npv**
OPTIONS
DAX Index / Eur Put Option 20/12/2013
500

**Securities valued at fair market value as determined in good faith pursuant to procedures established by the Directors.
14
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
Amcor Ltd
749,514
6,981,698
2.44
341,970
237,987
1,091,500
2,510,922
2,406,329
3,353,124
0.88
0.84
1.17
8,270,375
2.89
4,187,030
1,906,744
1.47
0.67
6,093,774
2.14
4,977,198
7,635,565
1.74
2.67
12,612,763
4.41
428,000
4,954,412
1.73
65,898
3,965,412
1.39
221,000
83,600
150,200
6,637,201
3,017,636
3,201,748
2.32
1.06
1.12
12,856,585
4.50
5,559,096
9,931,091
1.95
3.48
15,490,187
5.43
480,958
3,473,886
1.22
2,310,000
3,335,174
1.17
SPAIN
Indra Sistemas SA
357,297
5,396,197
1.89
SWEDEN
Nordea Bank AB
528,379
6,244,063
2.18
SWITZERLAND
Adecco SA
Novartis AG
Roche Holding AG
UBS AG
92,396
193,823
45,962
309,569
5,886,904
14,140,910
11,548,160
6,011,151
2.06
4.94
4.03
2.10
37,587,125
13.13
BERMUDA
Catlin Group Ltd
Hiscox Ltd
Yue Yuen Industrial Holdings Ltd
FRANCE
BNP Paribas SA
Safran SA
65,890
34,120
GERMANY
Deutsche Boerse AG
RTL Group Npv
70,972
79,363
HONG KONG
Hutchison Whampoa Ltd
IRELAND
Covidien Plc
JAPAN
Canon Inc
Honda Motor Co Ltd
Hoya Corp
NETHERLANDS
Koninklijke Ahold NV
Reed Elsevier NV
346,373
538,974
NORWAY
Orkla ASA
SINGAPORE
15
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
61,048
154,798
1,994,649
135,690
853,190
885,813
2,025,645
402,392
4,085,637
7,879,945
10,231,775
3,489,651
9,038,092
2,555,502
5,864,239
8,012,558
1.43
2.76
3.58
1.22
3.17
0.89
2.05
2.80
51,157,399
17.90
6,228,465
4,741,355
3,420,544
5,927,713
5,205,110
2,845,824
4,184,267
2,700,671
6,357,413
10,129,581
8,743,578
7,342,847
6,098,488
5,801,606
3,174,996
2,850,928
4,521,038
8,345,372
4,034,997
2.18
1.66
1.20
2.08
1.82
1.00
1.46
0.94
2.23
3.55
3.06
2.57
2.13
2.03
1.11
1.00
1.58
2.92
1.41
102,654,793
35.93
TOTAL EQUITIES
281,073,843
98.35

281,073,843
98.35
Total Investments
281,073,843
98.35
Investment
UNITED KINGDOM
Aon Plc
British American Tobacco Plc
BT Group Plc
GlaxoSmithKline Plc
HSBC Holdings Plc
Ladbrokes Plc
Legal & General Group Plc
Pearson Plc
UNITED STATES
Amgen Inc
Automatic Data Processing Inc
Baxter International Inc
Chevron Corp
Exxon Mobil Corp
Johnson & Johnson
Kellogg Co
Kraft Foods Group Inc
Macy's Inc
Microsoft Corp
Pfizer Inc
Philip Morris International Inc
PNC Financial Services Group Inc
Robert Half International Inc
Target Corp
Time Warner Cable Inc
United Parcel Service Inc
United Technologies Corp
Viacom Inc 'B'
57,218
66,494
48,750
49,256
59,654
32,875
69,053
52,011
142,495
301,790
311,104
87,566
84,007
162,260
50,289
26,487
52,745
83,084
50,809
16
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Credicorp Ltd
BRAZIL
Aliansce Shopping Centers SA
Alpargatas SA (Preferred)
Banco do Estado do Rio Grande do Sul SA (Preferred)
Banco Santander Brasil SA
Bematech SA
BM&FBovespa SA
BR Properties SA
Cia de Bebidas das Americas (Preferred)
Cia de Locacao das Americas
Cia Energetica de Minas Gerais (Preferred)
EcoRodovias Infraestrutura e Logistica SA
EDP - Energias do Brasil SA
Estacio Participacoes SA
Even Construtora e Incorporadora SA
Gerdau SA (Preferred)
Itau Unibanco Holding SA ADR
JSL SA
Mahle-Metal Leve SA Industria e Comercio
Odontoprev SA
Paranapanema SA
Petroleo Brasileiro SA ADR
Petroleo Brasileiro SA SPON ADR
Smiles SA
Souza Cruz SA
Telefonica Brasil SA ADR
TPI - Triunfo Participacoes e Investimentos SA
Tractebel Energia SA
Ultrapar Participacoes SA
Vale SA ADR
CANADA
Methanex Corp
Pacific Rubiales Energy Corp
1,540
187,557
2.80
11,500
16,006
14,600
16,000
12,000
34,900
9,600
10,900
19,500
16,138
14,600
23,800
19,300
34,900
4,700
33,155
10,500
5,300
23,700
31,500
8,300
14,278
5,000
10,600
9,625
26,269
6,600
8,000
19,958
90,735
81,783
87,285
90,399
35,477
171,519
72,855
383,206
68,146
127,569
94,433
107,988
141,970
117,749
34,404
400,016
62,351
60,844
88,549
56,410
113,503
205,745
57,633
114,275
191,489
115,016
95,127
177,883
288,592
1.36
1.22
1.30
1.35
0.53
2.56
1.09
5.73
1.02
1.91
1.41
1.62
2.12
1.76
0.51
5.97
0.93
0.91
1.32
0.84
1.70
3.07
0.86
1.71
2.86
1.72
1.42
2.66
4.31
3,732,951
55.77
84,920
94,095
1.27
1.41
179,015
2.68
96,767
75,609
49,656
136,594
1.45
1.13
0.74
2.04
358,626
5.36
172,068
93,009
131,542
227,056
22,124
135,944
171,616
145,572
28,398
157,630
20,866
2.57
1.39
1.97
3.39
0.33
2.04
2.56
2.18
0.42
2.36
0.31
1,305,825
19.52
256,720
3.84
1,800
5,050
CHILE
Cia Cervecerias Unidas SA
Coca-Cola Embonor SA (Preferred)
Masisa SA
SACI Falabella
7,400
30,300
686,000
14,200
MEXICO
Arca Continental SAB de CV
Banregio Grupo Financiero SAB de CV
Bolsa Mexicana de Valores SAB de CV
Cemex SAB de CV ADR
Corp Inmobiliaria Vesta SAB de CV
El Puerto de Liverpool SAB de CV
Fibra Uno Administracion SA de CV
Grupo Televisa SAB ADR
Hoteles City Express SAB de CV
Kimberly-Clark de Mexico SAB de CV
TF Administradora Industrial S de RL de CV
27,600
15,500
57,900
20,300
12,000
13,500
63,200
5,650
17,400
58,600
12,400
PANAMA
Copa Holdings SA
2,000
17
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
17,100
129,287
1.93
TOTAL EQUITIES
6,149,981
91.90

6,149,981
91.90
155,400
78,020
2.32
1.17
233,420
3.49
94,139
1.41
TOTAL CERTIFICATES
327,559
4.90
327,559
4.90
49,911
0.75
49,911
0.75
6,527,451
97.55
Investment
SPAIN
Cemex Latam Holdings SA

CERTIFICATES
BRAZIL
Merrill Lynch Certificates Share Linked 10/06/14 USD (FIBRIA CEL)
Merrill Lynch Certificates Share Linked 26/06/14 USD (JSL SA)
UNITED STATES
Merrill Lynch Certificates Share Linked 29/05/14 USD (IGUATEMI E)
OPEN-ENDED FUNDS
UNITED KINGDOM
Invesco Perpetual American Investment Series - Latin American Fund
Total Investments
18
Invesco Funds
13,500
13,125
10,108
21,400

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BASIC MATERIALS
CF Industries Holdings Inc
Westlake Chemical Corp
5,500
900
COMMUNICATIONS
AOL Inc
AT&T Inc
Cisco Systems Inc
Expedia Inc
Google Inc
News Corp
Starz
Symantec Corp
Twenty-First Century Fox Inc
VeriSign Inc
Verizon Communications Inc
Yahoo! Inc
18,800
13,400
102,900
2,400
95
12,200
7,000
52,100
9,900
4,700
15,600
67,100
CONSUMER, CYCLICAL
Abercrombie & Fitch Co
American Eagle Outfitters Inc
Best Buy Co Inc
CST Brands Inc
CVS Caremark Corp
Delta Air Lines Inc
Fossil Group Inc
GameStop Corp
Gap Inc
General Motors Co
Hasbro Inc
International Game Technology
Lear Corp
Macy's Inc
MGM Resorts International
Southwest Airlines Co
Staples Inc
Wyndham Worldwide Corp
Wynn Resorts Ltd
5,500
19,500
35,000
4,500
22,600
19,800
1,200
40,000
41,500
49,300
4,900
27,900
10,700
8,500
15,400
64,900
14,900
2,800
11,800
CONSUMER, NON-CYCLICAL
AmerisourceBergen Corp
Amgen Inc
Archer-Daniels-Midland Co
Avery Dennison Corp
Biogen Idec Inc
Boston Scientific Corp
Celgene Corp
Eli Lilly & Co
General Mills Inc
Green Mountain Coffee Roasters Inc
H&R Block Inc
Johnson & Johnson
Kroger Co
Lorillard Inc
Manpowergroup Inc
McGraw Hill Financial Inc
McKesson Corp
Moody's Corp
Omnicare Inc
Pfizer Inc
ResMed Inc
Tyson Foods Inc
Vertex Pharmaceuticals Inc
Zimmer Holdings Inc
22,900
20,500
21,200
12,400
3,850
29,800
15,600
36,600
3,400
19,500
15,800
24,800
45,900
6,900
7,700
1,600
2,000
1,200
1,700
102,900
2,200
45,600
700
700
19
Invesco Funds
1,040,958
91,881
1.04
0.09
1,132,839
1.13
638,166
450,977
2,413,519
113,028
81,253
192,455
173,635
1,357,466
311,108
227,362
746,070
1,832,166
0.64
0.45
2.40
0.11
0.08
0.19
0.17
1.35
0.31
0.23
0.74
1.82
8,537,205
8.49
197,697
284,212
1,272,075
133,943
1,306,845
388,773
139,182
2,027,000
1,689,672
1,698,632
223,636
530,518
738,247
379,227
273,889
830,396
209,271
166,726
1,674,184
0.20
0.28
1.27
0.13
1.30
0.39
0.14
2.02
1.68
1.69
0.22
0.53
0.73
0.38
0.27
0.83
0.21
0.17
1.67
14,164,125
14.11
1,308,621
2,231,527
738,078
540,950
824,439
317,817
2,224,170
1,883,253
167,331
1,731,112
445,007
2,146,812
1,687,972
292,871
508,008
93,824
243,130
76,872
93,577
2,892,005
106,084
1,318,980
54,068
55,213
1.30
2.22
0.73
0.54
0.82
0.32
2.21
1.87
0.17
1.72
0.44
2.14
1.68
0.29
0.51
0.09
0.24
0.08
0.09
2.88
0.11
1.31
0.05
0.05
21,981,721
21.86

Nominal/Shares
Market Value
USD
Net Assets
%
26,000
32,200
400
43,500
23,800
17,700
14,900
31,900
3,128,970
2,130,191
62,834
3,795,592
1,752,751
1,021,821
510,996
1,142,179
3.11
2.12
0.06
3.78
1.74
1.02
0.51
1.14
13,545,334
13.48
293,257
1,376,862
90,583
2,757,658
1,656,306
351,158
1,152,337
2,880,044
1,597,436
287,959
1,153,885
477,875
1,565,025
77,072
1,223,313
304,865
0.29
1.37
0.09
2.75
1.65
0.35
1.15
2.87
1.59
0.29
1.15
0.48
1.56
0.08
1.22
0.30
17,245,635
17.19
131,364
986,201
119,418
186,047
84,025
1,405,392
57,001
1,796,444
809,830
199,590
0.13
0.98
0.12
0.19
0.08
1.40
0.06
1.79
0.81
0.20
5,775,312
5.76
1,671,763
1,042,348
596,032
911,493
1,627,834
281,921
3,148,397
376,762
2,326,046
1,611,419
1,493,589
1.66
1.04
0.59
0.91
1.62
0.28
3.13
0.37
2.32
1.60
1.49
15,087,604
15.01
65,203
619,853
642,753
51,784
0.06
0.62
0.64
0.05
1,379,593
1.37
TOTAL EQUITIES
98,849,368
98.40

98,849,368
98.40
Total Investments
98,849,368
98.40
Investment
ENERGY
Chevron Corp
ConocoPhillips
EOG Resources Inc
Exxon Mobil Corp
Phillips 66
Suncor Energy Inc
Valero Energy Corp
FINANCIAL
Allstate Corp
Berkshire Hathaway Inc
CIT Group Inc
Citigroup Inc
Discover Financial Services
Franklin Resources Inc
Goldman Sachs Group Inc
JPMorgan Chase & Co
Lincoln National Corp
MetLife Inc
Morgan Stanley
NASDAQ OMX Group Inc
Regions Financial Corp
SLM Corp
State Street Corp
Weyerhaeuser Co
6,100
12,300
1,900
56,900
34,800
7,600
7,500
56,800
37,600
6,200
44,500
15,900
165,000
3,200
18,200
11,000
INDUSTRIAL
AGCO Corp
Boeing Co
Energizer Holdings Inc
Expeditors International of Washington Inc
Flextronics International Ltd
General Electric Co
ITT Corp
Raytheon Co
Tyco International Ltd
2,300
9,400
1,200
4,600
9,300
60,800
1,700
19,300
10,700
6,000
TECHNOLOGY
Apple Inc
Computer Sciences Corp
Cree Inc
First Solar Inc
Hewlett-Packard Co
Lexmark International Inc
Microsoft Corp
NVIDIA Corp
Oracle Corp
Seagate Technology Plc
Western Digital Corp
3,400
20,700
10,500
24,300
72,300
8,100
93,800
25,500
73,400
42,300
24,600
UTILITIES
AES Corp/VA
Edison International
Entergy Corp
Public Service Enterprise Group Inc
5,100
13,500
10,200
1,600
20
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
CANADA
Suncor Energy Inc
60,266
2,066,822
1.15
FRANCE
Sanofi ADR
47,587
2,340,091
1.30
IRELAND
Ingersoll-Rand Plc
47,853
2,851,800
1.59
NETHERLANDS
Unilever NV
39,938
1,513,850
0.84
PANAMA
Carnival Corp
53,488
1,929,580
1.07
22,842
35,035
26,728
300,456
859,430
2,556,078
1,683,597
4,493,320
0.48
1.42
0.94
2.50
9,592,425
5.34
3,382,490
1,827,016
2,486,531
1,561,675
1.89
1.02
1.38
0.87
9,257,712
5.16
1,102,950
1,483,396
3,304,387
1,290,905
763,262
970,237
2,922,863
3,851,878
2,741,752
1,490,910
2,260,922
1,980,165
8,154,140
2,836,955
2,117,991
2,729,224
2,713,076
2,107,705
631,654
1,890,046
1,090,841
3,468,197
3,826,124
1,826,993
4,116,569
3,733,685
1,387,847
994,381
2,077,887
1,821,275
5,617,608
1,193,070
784,984
3,910,574
2,430,931
4,129,637
0.61
0.83
1.84
0.72
0.43
0.54
1.63
2.14
1.53
0.83
1.26
1.10
4.55
1.58
1.18
1.52
1.51
1.17
0.35
1.05
0.61
1.94
2.14
1.02
2.29
2.08
0.77
0.55
1.15
1.01
3.13
0.66
0.44
2.17
1.35
2.30
SWITZERLAND
Noble Corp
Novartis AG
Roche Holding AG ADR
Weatherford International Ltd
UNITED KINGDOM
BP Plc ADR
GlaxoSmithKline Plc ADR
Royal Dutch Shell Plc ADR
Vodafone Group Plc ADR
81,222
35,397
38,064
49,117
UNITED STATES
Aflac Inc
Alcoa Inc
Allstate Corp
Archer-Daniels-Midland Co
AT&T Inc
Autodesk Inc
Bank of America Corp
Bank of New York Mellon Corp
Bristol-Myers Squibb Co
Cardinal Health Inc
Chevron Corp
Cisco Systems Inc
Citigroup Inc
Comcast Corp
Corning Inc
CVS Caremark Corp
eBay Inc
Emerson Electric Co
Express Scripts Holding Co
Fifth Third Bancorp
FirstEnergy Corp
General Electric Co
General Motors Co
Goldman Sachs Group Inc
Halliburton Co
Hewlett-Packard Co
Honeywell International Inc
Intel Corp
International Paper Co
Johnson Controls Inc
JPMorgan Chase & Co
Kohl's Corp
Lowe's Cos Inc
Merck & Co Inc
MetLife Inc
Microsoft Corp
19,041
189,814
68,734
37,079
22,679
26,212
206,344
129,106
65,600
29,661
18,787
84,424
168,248
66,862
149,312
47,198
53,208
34,772
9,892
102,692
29,202
150,041
111,047
11,891
84,834
165,831
17,334
45,066
43,557
44,579
110,790
23,451
16,905
82,983
52,340
123,034
21
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
53,038
125,365
42,375
40,442
24,543
120,699
39,530
73,050
6,035
68,221
76,828
22,853
20,799
34,794
20,884
9,106
83,368
45,467
50,979
28,318
24,604
61,006
5,568
24,922
95,353
51,738
1,628,532
3,250,714
2,788,911
1,027,429
2,165,797
3,392,245
2,869,680
2,250,305
466,596
1,881,876
1,079,049
1,536,064
1,313,145
3,745,052
1,274,028
730,711
2,627,343
1,315,133
3,693,174
1,022,421
1,176,686
4,844,791
403,318
2,130,083
3,933,788
1,412,706
0.91
1.81
1.55
0.57
1.21
1.89
1.60
1.25
0.26
1.05
0.60
0.86
0.73
2.09
0.71
0.41
1.46
0.73
2.06
0.57
0.66
2.69
0.22
1.19
2.19
0.79
143,714,598
80.04
TOTAL EQUITIES
173,266,878
96.49

173,266,878
96.49
Total Investments
173,266,878
96.49
Investment

Mondelez International Inc
Morgan Stanley
Murphy Oil Corp
Newell Rubbermaid Inc
Occidental Petroleum Corp
Pfizer Inc
PNC Financial Services Group Inc
PPL Corp
Procter & Gamble Co
QEP Resources Inc
Staples Inc
State Street Corp
Target Corp
Time Warner Inc
Travelers Cos Inc
Tyson Foods Inc
UnitedHealth Group Inc
US Bancorp
Verizon Communications Inc
Viacom Inc 'B'
Wal-Mart Stores Inc
WellPoint Inc
Wells Fargo & Co
Yahoo! Inc
22
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
Treasury Wine Estates Ltd
4,575
19,447
0.32
BERMUDA
Nabors Industries Ltd
3,671
56,901
0.95
FRANCE
Accor SA
L'Oreal SA
Total SA
1,385
300
1,582
52,112
50,889
87,958
0.87
0.85
1.47
190,959
3.19
GERMANY
Deutsche Telekom AG
3,731
47,912
0.80
NETHERLANDS
Heineken NV
2,274
156,824
2.62
SWITZERLAND
ABB Ltd
Novartis AG
Pentair Ltd
2,374
476
1,486
51,023
34,728
90,623
0.85
0.58
1.51
176,374
2.94
79,654
61,780
74,042
105,037
87,705
44,541
73,015
31,504
30,719
131,231
15,259
103,920
62,839
60,701
32,195
103,333
52,149
35,121
95,068
84,180
42,724
106,341
121,048
66,184
189,676
28,390
38,050
54,628
44,747
101,800
75,500
68,682
89,599
115,170
91,177
78,300
73,660
65,068
46,535
74,295
39,756
46,289
1.33
1.03
1.24
1.75
1.46
0.74
1.22
0.53
0.51
2.20
0.25
1.73
1.05
1.01
0.54
1.72
0.87
0.59
1.59
1.40
0.71
1.77
2.02
1.10
3.17
0.47
0.63
0.91
0.75
1.70
1.26
1.15
1.49
1.92
1.52
1.31
1.23
1.09
0.78
1.24
0.66
0.77
UNITED STATES
AGL Resources Inc
Altria Group Inc
American Electric Power Co Inc
AT&T Inc
Automatic Data Processing Inc
Avery Dennison Corp
Baker Hughes Inc
Brinker International Inc
Campbell Soup Co
Capital One Financial Corp
Charles Schwab Corp
Coach Inc
Coca-Cola Co
Columbia Sportswear Co
Consolidated Edison Inc
Cullen/Frost Bankers Inc
Dominion Resources Inc
Duke Energy Corp
Eli Lilly & Co
Entergy Corp
Exelon Corp
Federated Investors Inc 'B' Shares
Fifth Third Bancorp
General Mills Inc
Guess? Inc
Harley-Davidson Inc
Hudson City Bancorp Inc
International Paper Co
Johnson & Johnson
Johnson Controls Inc
KeyCorp
Kimberly-Clark Corp
Kraft Foods Group Inc
Legg Mason Inc
Lincoln National Corp
Linear Technology Corp
M&T Bank Corp
Marriott International Inc
Masco Corp
Mead Johnson Nutrition Co
Medtronic Inc
1,806
1,820
1,734
3,121
1,230
1,021
1,565
773
735
3,029
237
4,880
1,195
1,593
572
1,839
726
600
1,448
1,636
678
3,494
4,385
3,596
3,854
921
634
5,941
938
1,176
1,848
5,823
964
2,218
2,760
1,843
1,914
572
1,156
3,901
534
893
23
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
1,037
2,514
3,034
3,902
344
2,055
1,389
506
1,532
786
1,037
1,544
1,334
4,121
3,988
1,490
1,965
1,001
670
671
831
2,608
1,000
5,810
34,807
77,192
77,079
73,923
28,846
63,304
107,391
38,165
115,949
65,989
39,162
82,643
89,251
133,623
127,437
94,071
75,879
61,066
35,513
53,844
71,229
124,101
27,715
164,684
0.58
1.29
1.29
1.23
0.48
1.06
1.79
0.64
1.93
1.10
0.65
1.38
1.49
2.23
2.13
1.57
1.26
1.02
0.59
0.90
1.19
2.06
0.46
2.74
4,884,475
81.47
TOTAL EQUITIES
5,532,892
92.29

5,532,892
92.29
Total Investments
5,532,892
92.29
Investment

Microsoft Corp
Mondelez International Inc
Newell Rubbermaid Inc
Pepco Holdings Inc
Philip Morris International Inc
PPL Corp
Procter & Gamble Co
Prudential Financial Inc
Raytheon Co
Sempra Energy
Sonoco Products Co
StanCorp Financial Group Inc
Stryker Corp
SunTrust Banks Inc
Sysco Corp
Target Corp
Texas Instruments Inc
Time Warner Inc
TJX Cos Inc
Travelers Cos Inc
United Parcel Service Inc
Walgreen Co
Weyerhaeuser Co
Zions Bancorporation
24
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
AUSTRIA
OMV AG
BELGIUM
Anheuser-Busch InBev NV
Colruyt SA
Delhaize Group SA*
BERMUDA
Catlin Group Ltd
DENMARK
Coloplast A/S
GN Store Nord A/S
Novo Nordisk A/S
TDC A/S
74,496
2,633,806
0.16
354,905
142,103
478,795
25,019,028
5,904,024
23,421,454
1.55
0.37
1.46
54,344,506
3.38
592,540
3,286,208
0.20
308,605
590,462
205,607
1,404,104
12,597,935
9,154,754
26,206,760
8,685,323
0.78
0.57
1.63
0.54
56,644,772
3.52
FINLAND
Orion OYJ*
351,619
6,165,639
0.38
FRANCE
Safran SA
Teleperformance
Vivendi SA*
736,037
174,838
187,265
31,068,122
6,052,892
2,927,888
1.93
0.38
0.18
40,048,902
2.49
3,793,074
29,801,881
24,244,874
34,217,528
4,502,692
7,550,091
24,141,542
1,873,062
19,418,524
15,841,865
4,112,970
4,728,361
0.24
1.85
1.51
2.13
0.28
0.47
1.50
0.12
1.21
0.98
0.26
0.29
174,226,464
10.84
3,622,251
17,634,117
0.23
1.10
21,256,368
1.33
247,105
5,283,105
0.33
684,860
68,070
2,475,445
188,723
29,988,307
3,113,862
30,008,582
5,589,975
1.86
0.19
1.86
0.35
68,700,726
4.26
29,891,374
2,594,464
12,058,493
10,686,520
5,008,944
30,424,887
10,844,717
1.86
0.16
0.75
0.66
0.31
1.89
0.67
101,509,399
6.30
GERMANY
Aurubis AG
Bayer AG
Deutsche Lufthansa AG
Deutsche Telekom AG
Duerr AG
Freenet AG
Fresenius SE & Co KGaA
Hannover Rueck SE
Merck KGaA
ProSiebenSat.1 Media AG
Suedzucker AG
United Internet AG
87,077
351,458
1,783,367
3,527,762
88,986
421,675
264,391
35,251
168,527
497,546
169,171
182,351
IRELAND
Paddy Power Plc
Ryanair Holdings Plc
59,601
2,694,906
ITALY
Gtech Spa
NETHERLANDS
European Aeronautic Defence and Space Co NV
Heineken Holding NV
Ziggo NV
NORWAY
DNB ASA
Gjensidige Forsikring ASA
Marine Harvest ASA
Orkla ASA
Statoil ASA
Telenor ASA
TGS Nopec Geophysical Co ASA
2,496,751
239,040
16,991,554
1,958,826
302,583
1,917,366
484,018
25
Invesco Funds

Nominal/Shares
Market Value
EUR
Net Assets
%
1,228,601
2,719,261
234,071
1,476,304
255,766
314,397
83,320
30,202,084
16,406,661
3,865,097
18,664,173
25,953,855
8,259,209
3,297,597
1.88
1.02
0.24
1.16
1.61
0.51
0.21
106,648,676
6.63
30,535,748
30,092,880
28,748,869
1.90
1.87
1.79
89,377,497
5.56
22,200,514
4,074,384
6,140,124
19,267,800
24,495,226
3,361,562
3,411,885
32,105,129
32,357,403
1.38
0.25
0.38
1.20
1.52
0.21
0.21
1.99
2.01
147,414,027
9.15
26,264,375
17,117,902
27,418,395
26,322,402
5,255,915
30,511,941
4,060,508
31,664,194
7,258,231
3,191,123
2,971,391
30,433,529
3,132,019
31,748,925
27,511,228
5,834,210
14,578,700
29,782,958
31,050,712
10,175,006
26,752,788
31,323,416
4,471,881
32,204,613
11,091,501
33,475,811
32,239,327
17,934,920
12,526,296
25,705,208
23,240,084
4,508,378
29,727,925
20,558,528
1.63
1.06
1.70
1.64
0.33
1.90
0.25
1.97
0.45
0.20
0.18
1.89
0.19
1.97
1.71
0.36
0.91
1.85
1.93
0.63
1.66
1.95
0.28
2.00
0.69
2.08
2.00
1.11
0.78
1.60
1.44
0.28
1.85
1.28
672,044,340
41.75
TOTAL EQUITIES
1,549,584,435
96.28

1,549,584,435
96.28
Total Investments
1,549,584,435
96.28
Investment
SPAIN
Amadeus IT Holding SA
Distribuidora Internacional de Alimentacion SA
Ebro Foods SA
Ferrovial SA
Inditex SA
Obrascon Huarte Lain SA
Viscofan SA
SWEDEN
Skandinaviska Enskilda Banken AB
Svenska Handelsbanken AB
Swedbank AB
3,905,980
924,826
1,672,495
SWITZERLAND
Actelion Ltd
Galenica AG*
Geberit AG
Givaudan SA
Nestle SA
Novartis AG
PSP Swiss Property AG
Roche Holding AG
Swisscom AG
431,130
7,036
33,331
19,062
494,401
61,001
52,629
169,172
94,926
UNITED KINGDOM
Associated British Foods Plc
AstraZeneca Plc
BP Plc
British Sky Broadcasting Group Plc
BT Group Plc
Bunzl Plc
Centrica Plc
Cobham Plc
Diageo Plc
Essentra Plc
GlaxoSmithKline Plc
Halma Plc
ITV Plc
J Sainsbury Plc
Ladbrokes Plc
Mondi Plc
National Grid Plc
Next Plc
Persimmon Plc
Reckitt Benckiser Group Plc
Reed Elsevier Plc
Rightmove Plc
Sage Group Plc
Shire Plc
SSE Plc
Tate & Lyle Plc
TUI Travel Plc
Unilever Plc
Vodafone Group Plc
WH Smith Plc
Whitbread Plc
William Hill Plc
1,208,563
457,903
5,246,516
684,598
528,714
7,875,049
252,391
7,039,597
2,187,700
137,194
327,868
1,566,701
490,579
16,483,268
6,050,160
2,677,416
1,253,231
3,408,503
537,468
780,063
519,156
3,324,209
164,019
1,314,573
2,727,506
1,198,483
1,747,623
1,885,195
3,088,785
887,543
9,522,875
455,663
817,548
4,204,978

26
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
BELGIUM
Solvay SA
FINLAND
Stora Enso OYJ
UPM-Kymmene OYJ
FRANCE
AXA SA
BNP Paribas SA
Cap Gemini SA
Cie Generale des Etablissements Michelin
Safran SA
Societe Generale SA
100,671
10,706,361
0.93
1,136,118
2,613,909
6,669,013
24,159,054
0.58
2.11
30,828,067
2.69
13,394,268
24,228,898
23,578,551
24,579,445
13,222,958
17,668,774
1.17
2.11
2.05
2.14
1.15
1.54
116,672,894
10.16
12,586,346
15,787,920
23,205,902
7,681,364
12,388,373
1.10
1.38
2.02
0.67
1.08
71,649,905
6.25
18,932,891
16,095,707
1.65
1.40
35,028,598
3.05
14,194,553
11,996,932
9,327,269
1.24
1.05
0.81
35,518,754
3.10
11,842,157
23,489,148
24,652,256
20,520,544
20,107,712
23,308,760
1.03
2.05
2.15
1.79
1.75
2.03
123,920,577
10.80
805,428
504,795
559,695
334,528
313,266
527,820
GERMANY
Daimler AG
Deutsche Boerse AG
Deutsche Post AG
RTL Group Npv
ThyssenKrupp AG
240,060
298,054
1,062,055
105,702
778,898
IRELAND
C&C Group Plc
Kingspan Group Plc
4,430,301
1,355,428
ITALY
Autogrill SpA
Enel Green Power SpA
Fondiaria-Sai SpA
1,185,844
7,477,053
6,403,892
NETHERLANDS
ASM International NV
ING Groep NV
Reed Elsevier NV
SBM Offshore NV
499,511
536,435
2,953,604
1,692,765
1,444,779
1,560,158
PORTUGAL
Galp Energia SGPS SA
1,188,635
15,366,079
1.34
SPAIN
Banco Bilbao Vizcaya Argentaria SA
Bankinter SA
Bolsas y Mercados Espanoles SA
International Consolidated Airlines Group SA
Mediaset Espana Comunicacion SA
Red Electrica Corp SA
Repsol SA
3,093,599
4,163,480
185,000
6,850,660
1,210,902
851,568
504,318
877,031
22,601,834
14,530,545
4,106,537
23,110,701
9,044,227
22,370,691
19,996,209
15,530,026
1.97
1.27
0.36
2.01
0.79
1.95
1.74
1.35
131,290,770
11.44
8,600,474
13,191,221
12,124,845
17,774,021
0.75
1.15
1.06
1.55
51,690,561
4.51
SWEDEN
Intrum Justitia AB
Nordea Bank AB
SSAB AB
Telefonaktiebolaget LM Ericsson
459,703
1,477,853
2,294,815
1,982,397
27
Invesco Funds

Nominal/Shares
Market Value
EUR
Net Assets
%
397,985
865,418
805,921
167,132
1,689,190
19,152,814
18,946,137
44,411,621
31,717,982
24,774,836
1.67
1.65
3.87
2.76
2.16
139,003,390
12.11
9,084,698
27,777,901
11,855,273
24,269,762
24,668,515
26,452,592
7,491,915
8,195,836
11,459,195
1,514,852
19,450,823
15,508,949
24,761,795
9,395,242
19,487,944
11,347,715
19,190,356
26,411,852
17,935,570
8,827,741
25,678,576
9,298,629
16,734,130
0.79
2.42
1.03
2.11
2.15
2.31
0.65
0.71
1.00
0.13
1.70
1.35
2.16
0.82
1.70
0.99
1.67
2.30
1.56
0.77
2.24
0.81
1.46
376,799,861
32.83
TOTAL EQUITIES
1,138,475,817
99.21

1,138,475,817
99.21
258,141
0.02
TOTAL CERTIFICATES
258,141
0.02
258,141
0.02
1,138,733,958
99.23
Investment
SWITZERLAND
Adecco SA
Credit Suisse Group AG
Novartis AG
Roche Holding AG
UBS AG
UNITED KINGDOM
AstraZeneca Plc
BAE Systems Plc
Balfour Beatty Plc
BG Group Plc
BP Plc
BT Group Plc
Carphone Warehouse Group Plc
Dixons Retail Plc
G4S Plc
G4S Plc GBP
GKN Plc
GlaxoSmithKline Plc
HSBC Holdings Plc
Imperial Tobacco Group Plc
N Brown Group Plc
Resolution Ltd
Rio Tinto Plc
RSA Insurance Group Plc
Schroders Plc
TalkTalk Telecom Group Plc
WPP Plc
243,068
5,425,005
4,069,503
1,684,131
4,720,326
6,827,342
2,698,334
16,671,678
3,785,481
500,000
5,017,172
798,392
3,094,704
374,426
8,912,214
1,781,516
16,340,385
7,072,231
523,729
6,280,115
1,180,971
3,295,886
1,181,619

CERTIFICATES
UNITED KINGDOM
Barclays Bank Plc NTS 28/02/2019 (LAKE ACQ-CVR)
1,102,320
Total Investments
28
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
AUSTRIA
Palfinger AG
59,890
1,476,289
1.09
BELGIUM
KBC Ancora
61,439
1,071,803
0.79
66,045
210,999
106,000
97,477
366,283
1,611,440
626,171
686,651
0.27
1.19
0.46
0.51
3,290,545
2.43
1,490,104
615,432
831,329
1.11
0.45
0.61
2,936,865
2.17
BERMUDA
Catlin Group Ltd
Hiscox Ltd
Hoegh LNG Holdings Ltd
North Atlantic Drilling Ltd
CANADA
Africa Oil Corp
Entertainment One Ltd
Wentworth Resources Ltd
297,429
244,468
1,542,863
CAYMAN ISLANDS
Polarcus Ltd
901,217
478,245
0.35
DENMARK
D/S Norden A/S
Trigon Agri A/S
Vestas Wind Systems A/S
44,770
204,312
109,776
1,195,299
71,897
1,568,822
0.88
0.05
1.17
2,836,018
2.10
669,068
759,161
1,396,274
2,037,278
763,016
1,064,657
2,126,735
0.49
0.56
1.04
1.51
0.56
0.79
1.57
8,816,189
6.52
2,332,422
2,911,739
1,334,773
908,511
7,332
1,443,328
755,141
664,597
2,232,683
2,070,118
747,936
750,245
1,578,128
457,997
1.72
2.15
0.98
0.67
0.01
1.07
0.56
0.49
1.65
1.53
0.55
0.56
1.17
0.34
18,194,950
13.45
1,968,960
633,457
1.45
0.47
2,602,417
1.92
FRANCE
AB Science SA
AtoS
Cap Gemini SA
Faurecia
Inside Secure SA
Rallye SA
Rexel SA
38,342
13,408
33,144
106,053
319,923
39,726
121,389
GERMANY
Aareal Bank AG
Axel Springer AG
Brenntag AG
GEA Group AG
Kinghero AG
MTU Aero Engines AG
Nabaltec AG
Nexus AG
Norma Group SE
Osram Licht AG
Sartorius AG (Preferred)
SNP Schneider-Neureither & Partner AG
Takkt AG
Tom Tailor Holding AG
112,623
77,076
11,569
29,385
3,542
21,126
107,501
67,778
70,465
68,729
9,167
69,774
113,412
29,195
IRELAND
C&C Group Plc
Kenmare Resources Plc
460,737
2,030,019
29
Invesco Funds

Investment
ITALY
Banca Generali SpA
Fondiaria-Sai SpA
Indesit Co SpA
RCS MediaGroup SpA
Societa Iniziative Autostradali e Servizi SpA
Unipol Gruppo Finanziario SpA
LUXEMBOURG
Prospector Offshore Drilling SA
SAF-Holland SA
Nominal/Shares
Market Value
EUR
Net Assets
%
136,823
828,875
154,040
839,157
138,340
845,769
2,367,723
1,207,256
925,395
983,912
960,425
2,357,158
1.76
0.89
0.68
0.73
0.71
1.74
8,801,869
6.51
1,154,777
1,309,000
0.85
0.97
2,463,777
1.82
495,710
159,004
MARSHALL ISLANDS
Navios Maritime Acq Corp
1,830,292
5,274,083
3.90
NETHERLANDS
Gemalto NV
Heijmans NV
Koninklijke Philips NV
Nutreco NV
Ziggo NV
18,869
66,603
587,155
52,484
53,925
54,250
1,623,394
506,416
1,863,631
1,234,030
1,917,977
1,606,885
1.20
0.37
1.38
0.91
1.42
1.19
8,752,333
6.47
520,358
721,484
2,096,331
287,323
525,228
946,780
1,520,548
1,299,809
958,244
1,018,713
0.38
0.53
1.55
0.21
0.39
0.70
1.12
0.96
0.71
0.76
9,894,818
7.31
14,951,979
1,442,866
1.07
833,295
1,707,838
1.26
128,357
1,112,478
21,413
199,785
28,918
55,670
1,323,481
690,951
1,217,811
2,672,284
973,284
3,520,894
0.98
0.51
0.90
1.98
0.72
2.60
10,398,705
7.69
663,711
645,797
602,512
593,206
1,360,200
502,541
55,334
649,707
435,514
285,734
177,315
240,273
0.49
0.48
0.45
0.44
1.01
0.37
0.04
0.48
0.32
0.21
0.13
0.18
NORWAY
AGR Group ASA
Agrinos AS
Algeta ASA
Badger Explorer ASA
MagSeis AS
Marine Harvest ASA
Norwegian Air Shuttle AS
Odfjell SE
Schibsted ASA
Spectrum ASA
1,238,409
270,907
65,017
358,787
8,500
1,334,102
54,830
321,151
25,786
207,636
PORTUGAL
Banco Comercial Portugues SA
SPAIN
Abengoa SA
SWITZERLAND
EFG International AG
Evolva Holding SA
Feintool International Holding AG
GAM Holding AG
Julius Baer Group Ltd
Leonteq AG
UNITED KINGDOM
Abcam Plc
Accsys Technologies Plc
Advanced Medical Solutions Group Plc
Amerisur Resources Plc
Babcock International Group Plc
Bovis Homes Group Plc
Brammer Plc
Brewin Dolphin Holdings Plc
Brooks Macdonald Group Plc
Cape Plc
Carclo Plc
Chemring Group Plc
125,199
4,920,360
582,259
1,132,120
102,080
56,659
10,392
208,405
27,966
93,993
41,081
66,452
30
Invesco Funds

Nominal/Shares
Market Value
EUR
Net Assets
%
77,758
79,168
322,384
169,118
160,321
22,302
191,984
47,177
275,453
26,771
345,952
88,814
86,520
63,688
2,233,766
23,054
36,065
518,823
76,997
87,584
1,661,802
261,082
71,090
27,495
134,601
338,203
229,529
74,476
209,552
201,817
196,452
154,073
22,295
290,418
108,844
47,346
436,374
84,197
19,002
144,072
136,192
470,762
39,407
42,559
95,396
10,955
41,513
154,942
750,909
295,335
877,640
1,380,201
2,199,604
382,170
1,339,211
522,842
800,514
225,614
506,547
804,901
1,207,064
259,176
869,575
402,479
343,529
1,720,715
735,671
579,932
569,148
1,017,678
131,518
427,374
731,284
622,911
1,094,843
688,257
320,201
1,285,513
314,560
651,800
711,759
855,737
1,013,191
71,625
1,400,770
541,485
493,048
512,829
1,760,518
459,576
858,004
780,125
492,705
151,425
403,078
231,539
0.56
0.22
0.65
1.02
1.62
0.28
0.99
0.39
0.59
0.17
0.37
0.59
0.89
0.19
0.64
0.30
0.25
1.27
0.55
0.43
0.42
0.76
0.10
0.32
0.54
0.46
0.81
0.51
0.24
0.95
0.23
0.48
0.53
0.63
0.75
0.05
1.04
0.40
0.36
0.38
1.30
0.34
0.63
0.58
0.36
0.11
0.30
0.17
41,007,974
30.32
TOTAL EQUITIES
131,447,584
97.17

131,447,584
97.17
Total Investments
131,447,584
97.17
Investment
UNITED KINGDOM (continued)

Consort Medical Plc
Crest Nicholson Holdings Plc
CVS Group Plc
Dechra Pharmaceuticals Plc
Dialog Semiconductor Plc
Dignity Plc
Diploma Plc
Dunelm Group Plc
Elementis Plc
EMIS Group Plc
EnQuest Plc
Essentra Plc
Euromoney Institutional Investor Plc
Fenner Plc
FLEX LNG Ltd
Go-Ahead Group Plc
Hargreaves Services Plc
Howden Joinery Group Plc
Hunting Plc
IG Group Holdings Plc
Innovation Group Plc
Jupiter Fund Management Plc
Keywords Studios Plc
Latchways Plc
LSL Property Services Plc
Marston's Plc
Mears Group Plc
Micro Focus International Plc
Microgen Plc
N Brown Group Plc
NCC Group Plc
Premier Oil Plc
Rotork Plc
RPS Group Plc
RWS Holdings Plc
Salamander Energy Plc
Senior Plc
Serco Group Plc
Spectris Plc
Stanley Gibbons Group Plc
Synergy Health Plc
Topps Tiles Plc
Ultra Electronics Holdings Plc
Victrex Plc
Workspace Group Plc
WS Atkins Plc
Xaar Plc
Xchanging Plc
31
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
BELGIUM
Anheuser-Busch InBev NV
D'ieteren S
13,802
15,535
BERMUDA
Catlin Group Ltd
Lancashire Holdings Ltd
972,972
543,414
1.40
0.78
1,516,386
2.18
721,203
687,163
1.03
0.99
1,408,366
2.02
189,030
1,255,065
1.80
5,444
693,895
1.00
32,085
17,417
11,502
17,456
14,110
465,393
985,541
670,337
733,065
693,612
0.67
1.41
0.96
1.05
1.00
3,547,948
5.09
787,403
379,468
1,067,928
737,547
696,880
810,471
1,356,233
739,496
1,350,187
694,778
1.13
0.54
1.53
1.06
1.00
1.16
1.95
1.06
1.94
1.00
8,620,391
12.37
1,195,780
1,048,818
1.72
1.50
2,244,598
3.22
130,041
81,115
CYPRUS
Prosafe SE
DENMARK
Novo Nordisk A/S
FRANCE
Metropole Television SA
Publicis Groupe SA
Schneider Electric SA
Total SA
Vicate SA
GERMANY
Allianz SE
Brenntag AG
Deutsche Boerse AG
Deutsche Post AG
Deutsche Telekom AG
GEA Group AG
Morphosys AG
MTU Aero Engines AG
SAP AG
Volkswagen AG (Preferred)
7,209
3,289
20,161
33,755
71,847
26,214
24,670
10,824
23,931
4,012
IRELAND
DCC Plc
Dragon Oil Plc
39,776
151,627
ISRAEL
Israel Chemicals Ltd
82,174
433,874
0.62
ITALY
Ansaldo STS SpA
Danieli & C Officine Meccaniche SpA
Saipem SpA
51,108
28,234
43,060
338,846
372,689
716,949
0.49
0.53
1.03
1,428,484
2.05
321,901
665,311
0.46
0.95
987,212
1.41
NETHERLANDS
Aalberts Industries NV
Unilever NV
16,781
23,285
NORWAY
37,302
835,774
1.20
RUSSIA
Gazprom OAO ADR
47,891
283,507
0.41
1,452
489,505
0.70
SPAIN
Construcciones y Auxiliar de Ferrocarriles SA
32
Invesco Funds

Nominal/Shares
Market Value
EUR
Net Assets
%
65,172
36,040
30,997
31,070
67,502
1,219,287
859,558
679,962
534,069
605,218
1.75
1.23
0.98
0.77
0.87
3,898,094
5.60
808,094
1,899,837
1,064,325
641,193
662,440
815,465
656,651
1,099,574
911,633
641,189
578,014
1.16
2.73
1.53
0.92
0.95
1.17
0.94
1.58
1.31
0.92
0.83
9,778,415
14.04
1,043,929
499,626
1.50
0.72
1,543,555
2.22
715,629
901,981
630,006
823,321
1,278,443
1,181,610
795,914
589,114
560,732
1,435,552
477,221
1,132,630
832,967
1,234,061
635,560
869,443
582,922
1,320,316
1,050,415
616,958
598,030
396,543
883,413
517,755
1,181,369
1.03
1.29
0.90
1.18
1.83
1.70
1.14
0.85
0.80
2.06
0.68
1.63
1.20
1.77
0.91
1.25
0.84
1.89
1.51
0.89
0.86
0.57
1.27
0.74
1.70
21,241,905
30.49
TOTAL EQUITIES
60,206,974
86.42

60,206,974
86.42
Total Investments
60,206,974
86.42
Investment
SWEDEN
Intrum Justitia AB
Investment AB Kinnevik
Investor AB
Swedbank AB
Telefonaktiebolaget LM Ericsson
SWITZERLAND
ABB Ltd
Aryzta AG
Dufry AG
Julius Baer Group Ltd
Kuoni Reisen Holding AG
Nestle SA
Novartis AG
Roche Holding AG
Syngenta AG
Tecan Group AG
UBS AG
49,779
39,628
10,645
19,051
2,391
16,459
11,916
5,794
3,092
8,274
39,410
TURKEY
Haci Omer Sabanci Holding AS
Tupras Turkiye Petrol Rafinerileri AS
322,419
34,370
UNITED KINGDOM
Aberdeen Asset Management Plc
Amlin Plc
Balfour Beatty Plc
BG Group Plc
British Sky Broadcasting Group Plc
Bunzl Plc
Centrica Plc
Chemring Group Plc
Compass Group Plc
Homeserve Plc
IG Group Holdings Plc
Informa Plc
Kingfisher Plc
Next Plc
Reed Elsevier Plc
Shire Plc
Smiths Group Plc
UBM Plc
Ultra Electronics Holdings Plc
William Hill Plc
WPP Plc
172,625
195,243
216,259
57,132
33,250
118,863
49,472
130,972
155,081
141,942
171,752
171,055
33,196
208,495
139,662
94,082
10,090
140,119
41,175
22,088
39,516
48,589
40,574
105,900
83,418
33
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
BASIC MATERIALS
UPM-Kymmene OYJ
COMMUNICATIONS
BT Group Plc
Deutsche Telekom AG
Elisa OYJ
Reed Elsevier NV
RTL Group Npv
CONSUMER, CYCLICAL
Bayerische Motoren Werke AG
Compass Group Plc
DCC Plc
Diploma Plc
Electrolux AB
Ryanair Holdings Plc
Thomas Cook Group Plc
Whitbread Plc
33,882
313,154
1.92
100,657
22,559
10,764
37,285
19,333
6,049
389,996
218,811
173,839
278,482
269,067
439,581
2.40
1.34
1.07
1.71
1.65
2.70
1,769,776
10.87
162,351
103,908
171,388
59,139
157,833
57,394
130,438
32,718
64,034
1.00
0.64
1.05
0.36
0.97
0.35
0.80
0.20
0.39
939,203
5.76
128,832
353,607
105,813
378,304
80,296
298,504
165,401
120,322
170,642
283,919
65,679
268,639
158,776
206,975
250,208
653,179
339,257
153,976
226,851
591,348
131,640
199,831
0.79
2.17
0.65
2.33
0.49
1.83
1.02
0.74
1.05
1.75
0.40
1.65
0.98
1.27
1.54
4.01
2.09
0.95
1.39
3.63
0.81
1.23
5,331,999
32.77
121,469
183,015
231,809
0.75
1.12
1.42
536,293
3.29
230,405
97,057
331,735
346,524
227,984
100,845
318,319
178,977
115,389
214,984
314,642
1.42
0.60
2.04
2.13
1.40
0.62
1.96
1.10
0.71
1.32
1.93
2,267
10,274
5,701
8,478
7,867
17,011
19,934
19,692
1,761
AstraZeneca Plc
Atlantia SpA
Babcock International Group Plc
Bunzl Plc
C&C Group Plc
Capita Plc
Cranswick Plc
G4S Plc
GlaxoSmithKline Plc
Homeserve Plc
Interserve Plc
Intrum Justitia AB
Novartis AG
Randstad Holding NV
Reckitt Benckiser Group Plc
Recordati SpA
Roche Holding AG
Serco Group Plc
Tesco Plc
3,447
25,633
7,941
9,839
4,991
69,850
14,684
8,924
56,323
14,616
23,638
10,706
24,193
11,063
20,640
11,853
9,517
2,988
26,401
3,116
20,469
45,998
ENERGY
BG Group Plc
Repsol SA
8,429
14,157
13,091
FINANCIAL
Ageas
Amlin Plc
AXA SA
Bankinter SA
Beazley Plc
BNP Paribas SA
CaixaBank
Catlin Group Ltd
Deutsche Boerse AG
7,623
21,009
19,948
47,430
65,325
42,260
6,632
62,876
20,806
9,820
5,940
34
Invesco Funds

Nominal/Shares
Market Value
EUR
Net Assets
%
108,112
47,776
46,606
38,375
7,471
25,941
157,465
398,762
416,002
143,315
250,092
380,469
0.97
2.45
2.56
0.88
1.54
2.34
4,222,966
25.97
158,850
243,677
188,845
244,101
218,218
303,201
130,133
45,190
0.98
1.50
1.16
1.50
1.34
1.86
0.80
0.28
1,532,215
9.42
222,602
137,304
273,358
99,802
1.37
0.84
1.68
0.61
733,066
4.50
120,727
317,359
132,453
0.74
1.95
0.81
570,539
3.50
TOTAL EQUITIES
15,949,211
98.00

15,949,211
98.00
48,059
0.30
48,059
0.30
15,997,270
98.30
Investment
FINANCIAL (continued)
Fondiaria-Sai SpA
ING Groep NV
Nordea Bank AB
Resolution Ltd
Societe Generale SA
UBS AG
INDUSTRIAL
Aeroports de Paris
BAE Systems Plc
Cie de St-Gobain
Orkla ASA
Rolls-Royce Holdings Plc
Safran SA
Utilitywise Plc
2,143
47,590
5,292
9,292
39,999
23,172
3,083
27,967
TECHNOLOGY
Cap Gemini SA
Domino Printing Sciences Plc
Indra Sistemas SA
WANdisco Plc
5,284
17,747
23,963
8,137
UTILITIES
Centrica Plc
SSE Plc
26,840
8,004
7,180
OPEN-ENDED FUNDS
Invesco Perpetual Fixed Interest Investment Series - European High Yield Fund
Total Investments
35
Invesco Funds
94,812

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRIA
DO & CO AG
CYPRUS
Globaltrans Investment Plc GDR
MD Medical Group Investments Plc GDR
6,900
295,949
1.15
42,000
13,700
567,210
198,650
2.21
0.77
765,860
2.98
HUNGARY
OTP Bank Plc
24,150
449,190
1.75
IRELAND
Dragon Oil Plc
41,600
380,965
1.48
KAZAKHSTAN
KCell JSC GDR
35,800
576,201
2.24
NETHERLANDS
Cinema City International NV
Fortuna Entertainment Group NV
23,226
76,700
223,291
396,864
0.87
1.55
620,155
2.42
876,511
773,432
436,393
363,346
197,084
412,185
1,100,849
405,125
3.42
3.01
1.70
1.42
0.77
1.61
4.29
1.58
4,564,925
17.80
596,717
498,197
1,830,840
2,304,656
574,357
592,704
1,457,670
1,161,790
508,434
1,083,001
2,239,750
801,101
1,048,482
624,761
2.32
1.94
7.13
8.98
2.24
2.31
5.68
4.53
1.98
4.22
8.73
3.12
4.09
2.43
15,322,460
59.70
384,781
422,084
243,690
1.50
1.64
0.95
1,050,555
4.09
POLAND
CCC SA
Eurocash SA
Integer.pl SA
KRUK SA
LPP SA
Lubelski Wegiel Bogdanka SA
Powszechny Zaklad Ubezpieczen SA
Synthos SA
28,900
48,150
5,000
17,810
80
11,600
8,070
298,550
RUSSIA
AK Transneft OAO (Preferred)
Alrosa AO
Gazprom OAO ADR
Lukoil OAO ADR
M Video OJSC
MMC Norilsk Nickel OJSC ADR
Mobile Telesystems OJSC ADR
NovaTek OAO GDR
Phosagro OAO GDR
Rosneft OAO GDR
Sberbank of Russia ADR
Surgutnrftegaz OAO ADR (Preferred)
Tatneft OAO ADR
VTB Bank OJSC GDR
260
500,750
233,600
39,650
71,400
44,800
70,300
9,800
55,400
146,500
210,800
1,189,300
27,900
234,300
TURKEY
Boyner Buyuk Magazacilik
Teknosa Ic Ve Dis Ticaret AS
Turkiye Sinai Kalkinma Bankasi AS
117,000
74,500
291,600
36
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
100,350
30,800
106,750
454,836
489,398
469,312
1.77
1.91
1.83
1,413,546
5.51
TOTAL EQUITIES
25,439,806
99.12

25,439,806
99.12
Total Investments
25,439,806
99.12
Investment
UNITED KINGDOM
Etalon Group Ltd GDR
Hikma Pharmaceuticals Plc
ITE Group Plc
37
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
FINLAND
UPM-Kymmene OYJ
FRANCE
BNP Paribas SA
Cap Gemini SA
Cie Generale des Etablissements Michelin
Paris Orleans SA
Safran SA
Terreis
Total Gabon
16,971
156,854
2.32
3,376
4,668
2,615
7,234
2,958
4,774
277
162,040
196,651
192,137
126,016
124,857
82,972
131,984
2.40
2.90
2.84
1.86
1.84
1.23
1.95
1,016,657
15.02
GERMANY
Deutsche Post AG
7,431
162,367
2.40
ITALY
Fondiaria-Sai SpA
73,089
106,454
1.57
NETHERLANDS
ING Groep NV
Nutreco NV
Reed Elsevier NV
SBM Offshore NV
24,923
37,594
5,155
14,326
12,301
208,021
119,323
183,350
199,382
183,777
3.08
1.76
2.71
2.94
2.71
893,853
13.20
178,083
121,972
184,949
163,268
155,349
2.64
1.80
2.73
2.41
2.29
803,621
11.87
365,909
258,667
198,279
5.40
3.82
2.93
822,855
12.15
147,051
130,328
165,177
188,612
224,551
151,730
185,817
125,464
158,932
179,734
177,976
209,260
153,518
167,519
205,364
2.18
1.92
2.44
2.79
3.32
2.24
2.75
1.85
2.34
2.65
2.63
3.09
2.27
2.47
3.03
2,571,033
37.97
TOTAL EQUITIES
6,533,694
96.50

6,533,694
96.50
Total Investments
6,533,694
96.50
SPAIN
Bankinter SA
24,375
34,949
54,824
6,215
3,918
SWITZERLAND
Novartis AG
Roche Holding AG
UBS AG
6,640
1,363
13,519
UNITED KINGDOM
BAE Systems Plc
Balfour Beatty Plc
BG Group Plc
BP Plc
BT Group Plc
CVS Group Plc
GKN Plc
Resolution Ltd
Rio Tinto Plc
Schroders Plc
Synergy Health Plc
Topps Tiles Plc
WPP Plc
28,719
44,737
11,462
36,091
57,956
55,735
47,930
57,377
135,328
48,127
5,197
9,624
11,876
171,596
14,501
38
Invesco Funds

Nominal/Shares
Investment
Market Value
JPY
Net Assets
%
EQUITIES
BASIC MATERIALS
Furukawa Co Ltd*
Kumiai Chemical Industry Co Ltd
MEC Co Ltd
3,026,000
555,000
159,700
COMMUNICATIONS
Amuse Inc
COLOPL Inc*
CyberAgent Inc
Hikari Tsushin Inc
IREP Co Ltd
Kakaku.com Inc
Livesense Inc*
MONEY SQUARE JAPAN Inc
Nexon Co Ltd
Start Today Co Ltd
153,200
102,700
1,191
69,100
180,200
420,600
69,800
767
258,000
238,800
CONSUMER, CYCLICAL
Ai Holdings Corp
Amiyaki Tei Co Ltd
Avex Group Holdings Inc
Tosho Co Ltd*
VT Holdings Co Ltd*
Yondoshi Holdings Inc
461,100
314
142,700
178,600
181,600
168,200
Asahi Intecc Co Ltd*
Asante Inc
JCR Pharmaceuticals Co Ltd
Medrx Co Ltd
Nippon Care Supply Co Ltd
OncoTherapy Science Inc*
PeptiDream Inc
Srg Takamiya Co Ltd
Topcon Corp*
70,200
78,700
118,900
52,300
517
1,266
18,900
298,200
370,000
FINANCIAL
eGuarantee Inc
J Trust Co Ltd
Jowa Holdings Co Ltd
Shinoken Group Co Ltd
Sun Frontier Fudousan Co Ltd
Takara Leben Co Ltd
Zenkoku Hosho Co Ltd
71,800
196,600
185,500
35,100
2,171
1,139,000
67,800
INDUSTRIAL
Daiseki Co Ltd*
Enplas Corp
Fujimori Kogyo Co Ltd
Harmonic Drive Systems Inc
Iriso Electronics Co Ltd
Maeda Kosen Co Ltd*
Micronics Japan Co Ltd
Nihon Trim Co Ltd*
Nippon Ceramic Co Ltd*
SHO-BOND Holdings Co Ltd*
Sinko Industries Ltd
Tadano Ltd
Tocalo Co Ltd
Wacom Co Ltd
338,500
90,500
134,100
185,500
125,000
190,800
248,900
32,350
120,000
39,900
253,200
432,000
70,300
399,700
39
Invesco Funds
609,739,000
321,067,500
70,826,950
3.73
1.97
0.43
1,001,633,450
6.13
322,332,800
356,112,250
300,429,750
405,617,000
194,165,500
758,762,400
318,986,000
225,881,500
277,221,000
525,121,200
1.97
2.18
1.84
2.48
1.19
4.65
1.95
1.38
1.70
3.22
3,684,629,400
22.56
463,405,500
90,008,100
394,494,150
219,320,800
232,084,800
211,511,500
2.84
0.55
2.42
1.34
1.42
1.30
1,610,824,850
9.87
408,213,000
73,466,450
216,754,700
111,660,500
35,181,850
188,950,500
117,936,000
215,747,700
484,885,000
2.50
0.45
1.33
0.68
0.22
1.16
0.72
1.32
2.97
1,852,795,700
11.35
133,224,900
287,429,200
455,217,000
63,618,750
171,726,100
385,551,500
236,452,500
0.82
1.76
2.79
0.39
1.05
2.36
1.45
1,733,219,950
10.62
576,804,000
655,220,000
402,300,000
348,925,500
410,937,500
197,668,800
109,267,100
359,246,750
144,960,000
155,011,500
198,382,200
595,080,000
100,493,850
338,146,200
3.53
4.01
2.46
2.14
2.52
1.21
0.67
2.20
0.89
0.95
1.22
3.65
0.62
2.07
4,592,443,400
28.14

Nominal/Shares
Market Value
JPY
Net Assets
%
125,200
52,200
77,100
468,600
226,299,000
151,327,800
215,417,400
339,969,300
1.39
0.93
1.32
2.08
933,013,500
5.72
TOTAL EQUITIES
15,408,560,250
94.39

15,408,560,250
94.39
Total Investments
15,408,560,250
94.39
Investment
TECHNOLOGY
Broadleaf Co Ltd
Furuya Metal Co Ltd
Mobile Create Co Ltd
Sourcenext Corp*

40
Invesco Funds

Nominal/Shares
Investment
Market Value
JPY
Net Assets
%
EQUITIES
BASIC MATERIALS
Aica Kogyo Co Ltd
Nippon Steel & Sumitomo Metal Corp
Shin-Etsu Chemical Co Ltd
Taiyo Nippon Sanso Corp
38,500
9,550,000
615,000
2,507,000
68,722,500
2,683,550,000
3,646,950,000
1,613,254,500
0.08
3.16
4.29
1.90
8,012,477,000
9.43
1,612,278,000
908,092,500
3,191,406,800
1.90
1.07
3.75
5,711,777,300
6.72
822,757,500
933,494,250
2,160,172,000
1,136,070,000
2,093,387,000
1,425,956,000
3,298,674,600
0.97
1.10
2.54
1.34
2.46
1.68
3.88
11,870,511,350
13.97
942,642,500
3,023,732,000
2,827,424,600
1.11
3.56
3.33
6,793,799,100
8.00
2,320,920,000
2,808,764,400
3,669,543,850
3,597,991,000
1,243,040,400
2.73
3.31
4.32
4.23
1.46
13,640,259,650
16.05
2,937,705,000
658,376,000
1,652,328,000
808,976,400
2,082,195,100
3,652,557,500
2,737,548,000
480,241,850
2,712,934,000
1,722,418,000
1,513,675,000
1,872,028,800
1,871,881,200
3.47
0.77
1.94
0.95
2.45
4.31
3.22
0.57
3.19
2.03
1.78
2.20
2.20
24,702,864,850
29.08
493,740,100
2,434,222,350
3,817,726,000
1,009,389,300
1,758,850,600
1,622,397,000
253,890,000
0.58
2.87
4.49
1.19
2.07
1.91
0.30
11,390,215,350
13.41
TOTAL EQUITIES
82,121,904,600
96.66

82,121,904,600
96.66
Total Investments
82,121,904,600
96.66
COMMUNICATIONS
Dentsu Inc
M3 Inc
Rakuten Inc
490,800
3,530
2,640,800
CONSUMER, CYCLICAL
Descente Ltd
Ichibanya Co Ltd
Marubeni Corp
Nifco Inc
Oriental Land Co Ltd
Sanrio Co Ltd
Toyota Tsusho Corp
1,195,000
261,300
3,017,000
485,500
132,200
280,700
1,458,300
Hisamitsu Pharmaceutical Co Inc
Ito En Ltd
Tsumura & Co
178,700
1,364,500
1,071,400
FINANCIAL
Fukuoka Financial Group Inc
Mizuho Financial Group Inc
ORIX Corp
Sumitomo Mitsui Financial Group Inc
Tokyu Livable Inc
5,526,000
14,008,800
2,729,300
827,600
645,400
INDUSTRIAL
East Japan Railway Co
Fuji Kyuko Co Ltd
Hamamatsu Photonics KK
Hitachi Construction Machinery Co Ltd
Hoya Corp
Keyence Corp
Kubota Corp
Optex Co Ltd
SMC Corp
Taikisha Ltd
Toshiba Plant Systems & Services Corp
Wacom Co Ltd
Yokogawa Electric Corp
389,100
752,000
519,600
418,400
994,600
112,300
2,046,000
370,700
131,600
790,100
955,000
2,212,800
1,510,800
TECHNOLOGY
Axell Corp
Canon Inc
Ricoh Co Ltd
Roland DG Corp
Square Enix Holdings Co Ltd
Tecmo Koei Holdings Co Ltd
Zuken Inc
261,100
825,300
3,578,000
415,900
1,224,400
1,679,500
310,000

41
Invesco Funds

Nominal/Shares
Investment
Market Value
JPY
Net Assets
%
EQUITIES
BASIC MATERIALS
Daicel Corp
Denki Kagaku Kogyo KK
Kaneka Corp
Lintec Corp
Mitsubishi Chemical Holdings Corp
Mitsui Mining & Smelting Co Ltd
Sumitomo Metal Mining Co Ltd
Toyo Ink SC Holdings Co Ltd
371,000
431,000
229,000
85,400
303,000
438,000
88,000
266,000
COMMUNICATIONS
Nippon Telegraph & Telephone Corp
Nisshinbo Holdings Inc
55,300
70,000
CONSUMER, CYCLICAL
FamilyMart Co Ltd
Hitachi High-Technologies Corp
Honda Motor Co Ltd
Marubeni Corp
Mitsubishi Corp
Nagase & Co Ltd
Nifco Inc
Nissan Motor Co Ltd
Resorttrust Inc
Sekisui Chemical Co Ltd
Shimamura Co Ltd
Suzuki Motor Corp
Teijin Ltd
Toho Co Ltd
Toyoda Gosei Co Ltd
Toyota Motor Corp
Yamaha Corp
Yamaha Motor Co Ltd
43,700
66,400
112,600
350,000
162,300
107,600
84,800
363,200
14,500
316,000
20,600
62,900
298,000
21,900
62,000
122,700
66,800
93,200
Astellas Pharma Inc
Daiichi Sankyo Co Ltd
Nippon Meat Packers Inc
Ono Pharmaceutical Co Ltd
Pigeon Corp
Seven & I Holdings Co Ltd
88,300
52,700
149,000
43,300
16,200
150,100
FINANCIAL
Chiba Bank Ltd
Daito Trust Construction Co Ltd
Hitachi Capital Corp
Mitsubishi Estate Co Ltd
Mitsubishi UFJ Financial Group Inc
ORIX Corp
Sumitomo Mitsui Financial Group Inc
Tokyu Land Corp
230,000
20,600
145,900
219,000
1,192,200
353,100
162,800
102,000
INDUSTRIAL
Amada Co Ltd
Casio Computer Co Ltd
Daifuku Co Ltd
Daikin Industries Ltd
East Japan Railway Co
Fuji Machine Manufacturing Co Ltd
Hitachi Ltd
JGC Corp
287,000
69,700
168,500
71,900
52,100
43,800
707,000
29,000
42
Invesco Funds
316,277,500
155,375,500
144,270,000
157,990,000
140,743,500
100,959,000
116,600,000
121,163,000
2.14
1.05
0.98
1.07
0.95
0.68
0.79
0.82
1,253,378,500
8.48
276,085,250
50,890,000
1.87
0.34
326,975,250
2.21
180,590,250
131,770,800
399,167,000
250,600,000
298,956,600
126,483,800
198,432,000
355,028,000
45,675,000
285,348,000
206,824,000
132,781,900
64,219,000
42,726,900
147,684,000
730,065,000
82,965,600
118,923,200
1.22
0.89
2.71
1.70
2.02
0.86
1.34
2.40
0.31
1.93
1.40
0.90
0.43
0.29
1.00
4.95
0.56
0.81
3,798,241,050
25.72
444,590,500
89,115,700
205,918,000
256,985,500
73,426,500
508,088,500
3.01
0.60
1.39
1.74
0.50
3.44
1,578,124,700
10.68
154,905,000
185,194,000
293,623,750
561,078,000
687,899,400
474,742,950
707,773,000
93,228,000
1.05
1.25
1.99
3.80
4.66
3.21
4.79
0.63
3,158,444,100
21.38
209,079,500
58,826,800
155,694,000
340,446,500
393,355,000
38,828,700
419,251,000
97,585,000
1.42
0.40
1.05
2.30
2.67
0.26
2.85
0.66

Nominal/Shares
Market Value
JPY
Net Assets
%
22,500
86,000
81,000
288,000
628,000
32,900
537,000
373,000
670,000
355,000
152,000
226,687,500
38,700,000
124,092,000
122,112,000
338,806,000
241,815,000
300,988,500
204,777,000
261,970,000
234,655,000
177,612,000
1.53
0.26
0.84
0.83
2.29
1.64
2.04
1.39
1.77
1.59
1.20
3,985,281,500
26.99
289,640,900
116,303,000
206,124,000
1.95
0.79
1.40
612,067,900
4.14
TOTAL EQUITIES
14,712,513,000
99.60

14,712,513,000
99.60
Total Investments
14,712,513,000
99.60
Investment
INDUSTRIAL (continued)
Kyocera Corp
Kyudenko Corp
Maeda Road Construction Co Ltd
Minebea Co Ltd
Mitsubishi Heavy Industries Ltd
Nidec Corp
Obayashi Corp
Sanwa Holdings Corp
Toshiba Corp
Tsubakimoto Chain Co
Yaskawa Electric Corp
TECHNOLOGY
Canon Inc
Ricoh Co Ltd
TDK Corp
98,200
109,000
57,900
43
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
NWS Holdings Ltd
Texwinca Holdings Ltd
730,000
1,124,000
1,087,171
1,060,165
0.83
0.81
2,147,336
1.64
1,795,867
1,954,362
1,257,316
3,451,549
1.37
1.49
0.96
2.63
8,459,094
6.45
2,213,687
945,732
2,284,238
679,222
1,021,744
1,270,582
754,006
869,897
1,381,444
1,372,722
965,381
984,336
1,666,042
814,137
1.69
0.72
1.74
0.52
0.78
0.97
0.57
0.66
1.05
1.05
0.74
0.75
1.27
0.62
17,223,170
13.13
2,512,723
2,645,417
2,000,969
2,064,261
3,164,474
3,484,294
1,496,014
1,686,413
2,430,344
1.91
2.02
1.52
1.57
2.41
2.66
1.14
1.28
1.85
21,484,909
16.36
2,358,275
1,029,262
2,487,703
1,484,607
1,140,545
1.80
0.78
1.90
1.13
0.87
8,500,392
6.48
16,990,000
3,403,445
2.59
MALAYSIA
Public Bank Bhd
703,200
3,654,327
2.79
SINGAPORE
DBS Group Holdings Ltd
Oversea-Chinese Banking Corp Ltd
United Overseas Bank Ltd
200,000
640,000
238,000
2,480,351
4,969,177
3,724,772
1.89
3.79
2.84
11,174,300
8.52
CAYMAN ISLANDS
Lifestyle International Holdings Ltd
Minth Group Ltd
Sunny Optical Technology Group Co Ltd
Tencent Holdings Ltd
833,000
1,092,000
1,165,000
73,600
CHINA
Bank of China Ltd
China CITIC Bank Corp Ltd
China Life Insurance Co Ltd-A
China Merchants Property Development Co Ltd
China State Construction Engineering Corp Ltd-A
Datang International Power Generation Co Ltd
Guangshen Railway Co Ltd
Jiangsu Expressway Co Ltd
Kweichow Moutai Co Ltd
SDIC Power Holdings Co Ltd
Travelsky Technology Ltd
Tsingtao Brewery Co Ltd
5,266,300
1,985,000
3,118,890
300,000
221,722
2,426,000
1,764,000
1,816,000
2,109,000
1,216,000
35,000
1,599,906
2,069,000
110,000
HONG KONG
AIA Group Ltd
China Mobile Ltd
CNOOC Ltd
Galaxy Entertainment Group Ltd
Henderson Land Development Co Ltd
Lenovo Group Ltd
Lifestyle Properties Development Ltd**
New World Development Co Ltd
Techtronic Industries Co
574,000
246,000
1,009,000
339,000
538,200
301,000
1,548,000
41,650
1,201,000
991,500
INDIA
HCL Technologies Ltd
ICICI Bank Ltd
Infosys Ltd
Jammu & Kashmir Bank Ltd
Sobha Developers Ltd
149,248
83,022
52,902
88,286
302,118
INDONESIA
Telekomunikasi Indonesia Persero Tbk PT
44
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
1,343
9,241
25,068
18,912
40,240
9,574
43,420
14,786
4,153
25,073
2,630
1,209
10,349
8,627
1,125
2,783
12,981
5,656
10,141
7,503
1,089,475
751,318
1,096,393
1,002,632
1,168,176
1,080,261
1,491,273
827,179
1,044,750
1,188,090
1,057,283
118,172
204,873
1,853,556
998,773
816,686
744,912
6,962,681
963,808
1,495,463
0.83
0.57
0.84
0.76
0.89
0.82
1.14
0.63
0.80
0.91
0.81
0.09
0.16
1.41
0.76
0.62
0.57
5.31
0.73
1.14
25,955,754
19.79
1,098,645
2,019,670
1,152,147
1,404,724
421,281
1,463,181
1,481,945
2,852,718
1,137,077
1,074,010
4,968,191
2,302,420
45,442
1,428,073
0.84
1.54
0.88
1.07
0.32
1.11
1.13
2.17
0.87
0.82
3.79
1.75
0.03
1.09
22,849,524
17.41
1,648,403
1.26
TOTAL EQUITIES
126,500,654
96.42

126,500,654
96.42
1,950,795
1.49
Investment
SOUTH KOREA
Amorepacific Corp
Binggrae Co Ltd
CJ CGV Co Ltd
Coway Co Ltd
Grand Korea Leisure Co Ltd
Green Cross Corp
Halla Visteon Climate Control Corp
Hana Tour Service Inc
Hyundai Mobis
KEPCO Plant Service & Engineering Co Ltd
NAVER Corp
NHN Entertainment Corp
Nong Woo Bio Co Ltd
NongShim Co Ltd
Orion Corp
Ottogi Corp
S-1 Corp
Samsung Life Insurance Co Ltd
SK Telecom Co Ltd
TAIWAN
Cheng Shin Rubber Industry Co Ltd
China Life Insurance Co Ltd
Hiwin Technologies Corp
Hon Hai Precision Industry Co Ltd
ILI Technology Corp
Largan Precision Co Ltd
MediaTek Inc
Ruentex Development Co Ltd
San Shing Fastech Corp
Synnex Technology International Corp
Taiwan Semiconductor Manufacturing Co Ltd
Uni-President Enterprises Corp
Yungtay Engineering Co Ltd
427,800
2,047,000
176,130
518,000
181,000
42,000
121,000
1,445,660
477,900
682,000
1,483,000
2,203,000
25,020
614,000
THAILAND
Kasikornbank PCL NVDR
333,200
OPEN-ENDED FUNDS
LUXEMBOURG
DB X-Trackers MSCI Asia Ex-Japan
63,000

Total Investments
45
Invesco Funds
1,950,795
1.49
128,451,449
97.91

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Giordano International Ltd
Man Wah Holdings Ltd
Nine Dragons Paper Holdings Ltd
Pou Sheng International Holdings Ltd
Yue Yuen Industrial Holdings Ltd
22,898,000
3,872,800
6,237,000
78,315,000
6,284,000
CAYMAN ISLANDS
AAC Technologies Holdings Inc
Ajisen China Holdings Ltd
Asia Cement China Holdings Corp
Baidu Inc ADR
China Dongxiang Group Co
Chow Tai Fook Jewellery Group Ltd
Ctrip.com International Ltd ADR
FIH Mobile Ltd
Golden Eagle Retail Group Ltd
Microport Scientific Corp
Minth Group Ltd
SINA Corp
Stella International Holdings Ltd
Towngas China Co Ltd
Uni-President China Holdings Ltd
Vinda International Holdings Ltd
WuXi PharmaTech Cayman Inc ADR
4,405,500
22,597,000
44,185,000
148,555
148,584,000
15,417,600
532,695
24,276,000
5,068,000
7,059,000
28,146,000
196,139
2,740,000
373,900
9,591,000
21,751,000
31,991,000
1,022,078
CHINA
Anhui Conch Cement Co Ltd
Bank of China Ltd
China Life Insurance Co Ltd-H Shares
China Shenhua Energy Co Ltd
Dalian Port PDA Co Ltd
Huadian Energy Co Ltd
Jiangling Motors Corp Ltd
Shanghai Jinjiang International Hotels Development Co Ltd
Weifu High-Technology Group Co Ltd
HONG KONG
AIA Group Ltd
China Mobile Ltd
China Unicom Hong Kong Ltd
CITIC Telecom International Holdings Ltd
Lenovo Group Ltd
MTR Corp Ltd
Sun Art Retail Group Ltd
8,422,000
58,552,000
53,655,000
11,947,000
44,440,000
13,061,000
6,910,000
2
4,519,730
15,151,564
1
5,888,600
5,391,500
10,880,000
38,622,125
4,075,000
5,400,000
1,260,000
32,900,500
LUXEMBOURG
L'Occitane International SA
10,702,000
46
Invesco Funds
21,996,155
4,704,017
4,206,011
3,761,527
19,304,654
1.72
0.37
0.33
0.29
1.51
53,972,364
4.22
19,924,427
24,343,902
20,937,516
20,759,818
24,235,697
21,251,394
24,975,405
15,807,437
7,024,865
4,682,971
50,373,148
15,608,742
6,716,231
17,534,432
9,033,937
18,580,528
32,711,010
24,892,710
1.56
1.90
1.64
1.62
1.89
1.66
1.95
1.23
0.55
0.37
3.93
1.22
0.52
1.37
0.71
1.45
2.55
1.94
359,394,170
28.06
27,175,796
24,612,305
39,296,284
29,284,238
32,002,962
40,544,848
1,599,320
1
11,990,721
21,060,674
2
2.12
1.92
3.07
2.29
2.50
3.17
0.12
0.94
1.64
227,567,151
17.77
25,777,736
57,978,718
16,469,861
10,233,895
47,171,097
5,218,652
4,752,141
44,713,231
2.01
4.53
1.29
0.80
3.68
0.41
0.37
3.49
212,315,331
16.58
25,956,533
2.03

Nominal/Shares
Market Value
USD
Net Assets
%
2,493,000
22,885,000
3,348,000
54,749,735
2,008,000
14,136,720
12,543,613
4,453,000
385,000
2,910,000
6,136,264
21,913,872
11,708,760
5,918,659
29,900,000
2,018,000
19,848,510
19,386,598
2,251,615
34,350,629
5,059,502
35,123,869
34,016,051
23,251,204
13,412,493
35,640,164
42,805,861
73,413,550
21,265,871
11,145,254
14,937,747
3,341,470
1.55
1.51
0.18
2.68
0.40
2.74
2.66
1.82
1.05
2.78
3.34
5.73
1.66
0.87
1.17
0.26
389,250,388
30.40
TOTAL EQUITIES
1,268,455,937
99.06

1,268,455,937
99.06
Total Investments
1,268,455,937
99.06
Investment
TAIWAN
Asustek Computer Inc
China Steel Corp
Compal Electronics Inc
CTBC Financial Holding Co Ltd
Far EasTone Telecommunications Co Ltd
Formosa Plastics Corp
HTC Corp
Largan Precision Co Ltd
MediaTek Inc
President Chain Store Corp
Wistron NeWeb Corp
Yuanta Financial Holding Co Ltd
YungShin Global Holding Corp
47
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
Adelaide Brighton Ltd
APA Group
BHP Billiton Ltd
Boral Ltd
Rio Tinto Ltd
Sydney Airport
Telstra Corp Ltd
Woodside Petroleum Ltd
2,900,000
2,788,615
794,200
2,720,000
134,412
6,782,727
14,230,000
816,910
BERMUDA
Cheung Kong Infrastructure Holdings Ltd
COSCO Pacific Ltd
Kunlun Energy Co Ltd
Sinopec Kantons Holdings Ltd
8,697,694
14,907,449
25,367,431
10,200,336
7,004,594
22,889,425
62,396,108
27,892,942
0.84
1.44
2.45
0.99
0.68
2.21
6.03
2.70
179,355,979
17.34
18,614,263
17,051,233
9,436,896
9,786,958
1.80
1.65
0.91
0.95
54,889,350
5.31
1,100,000
5,474,859
0.53
44,499,909
11,246,000
24,999,990
6,500,000
7,899,920
2,100,000
40,999,988
24,782,000
15,359,897
13,854,000
17,925,037
7,373,641
17,832,330
4,974,243
14,697,374
6,518,963
21,473,151
27,975,989
9,450,119
11,539,863
1.73
0.71
1.72
0.48
1.42
0.63
2.09
2.70
0.91
1.12
139,760,710
13.51
9,789,760
60,441,321
8,487,321
9,082,644
16,715,730
23,528,845
57,670,283
33,651,456
7,185,106
0.95
5.84
0.83
0.88
1.62
2.27
5.58
3.25
0.69
226,552,466
21.91
6,063,252
2,589,762
0.59
0.25
8,653,014
0.84
4,673,076
22,827,129
7,157,416
1,913,919
2,176,094
8,777,471
10,089,992
22,866,083
13,060,102
0.45
2.20
0.69
0.19
0.21
0.85
0.98
2.21
1.26
93,541,282
9.04
2,755,000
11,600,000
6,494,000
10,264,000
CAYMAN ISLANDS
ENN Energy Holdings Ltd
CHINA
Agricultural Bank of China Ltd-A
Beijing Capital International Airport Co Ltd
China CNR Corp Ltd-A
China Communications Construction Co Ltd
China Merchants Securities Co Ltd
China State Construction Engineering Corp Ltd-A
SDIC Power Holdings Co Ltd
Zhejiang Expressway Co Ltd
HONG KONG
Cathay Pacific Airways Ltd
China Mobile Ltd
China Resources Power Holdings Co Ltd
CNOOC Ltd
Guangdong Investment Ltd
MTR Corp Ltd
Power Assets Holdings Ltd
5,700,000
5,620,500
3,700,000
6,000,000
8,429,000
28,512,000
4,982,000
8,922,469
834,500
INDIA
Larsen & Toubro Ltd
555,000
686,000
INDONESIA
Astra International Tbk PT
Indocement Tunggal Prakarsa Tbk PT
Matahari Department Store Tbk PT
Mitra Pinasthika Mustika PT
Modern Internasional Tbk PT
Perusahaan Gas Negara Persero Tbk PT
Semen Indonesia Persero Tbk PT
Telekomunikasi Indonesia Persero Tbk PT
United Tractors Tbk PT
8,400,000
12,750,500
6,341,500
20,000,000
29,890,500
18,000,000
8,779,500
114,147,500
9,040,655
48
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
7,710,000
10,920,000
7,590,000
10,996,616
14,876,842
21,674,031
1.06
1.44
2.10
47,547,489
4.60
5,263,034
5,650,371
0.51
0.55
10,913,405
1.06
7,500,000
17,924,483
1.73
504,170
117,000
6,163,650
7,526,302
0.60
0.72
13,689,952
1.32
16,625,780
156,962
38,282,784
1.61
0.02
3.69
55,065,526
5.32
7,043,827
44,563,126
13,154,813
0.68
4.31
1.27
64,761,766
6.26
16,536,274
5,184,877
8,728,145
10,910,198
13,407,324
6,061,750
1.59
0.50
0.84
1.06
1.30
0.59
60,828,568
5.88
19,425,283
17,114,006
8,327,185
1.88
1.65
0.81
44,866,474
4.34
TOTAL EQUITIES
1,023,825,323
98.99

1,023,825,323
98.99
Total Investments
1,023,825,323
98.99
Investment
MALAYSIA
DiGi.Com Bhd
Gamuda Bhd
Lafarge Malaysia Bhd
NEW ZEALAND
Fletcher Building Ltd
775,000
3,200,000
PAKISTAN
Oil & Gas Development Co Ltd
PHILIPPINES
Ayala Corp
Philippine Long Distance Telephone Co
SINGAPORE
Keppel Corp Ltd
Keppel REIT
Singapore Telecommunications Ltd
2,096,800
167,744
13,880,000
SOUTH KOREA
Hyundai Mobis
SK Telecom Co Ltd
28,000
36,200
66,000
TAIWAN
Asia Cement Corp
CTCI Corp
Taiwan Mobile Co Ltd
13,248,732
3,100,000
3,464,000
3,030,000
4,002,073
5,800,000
THAILAND
Advanced Info Service PCL
Siam Cement PCL
Sino Thai Engineering & Construction PCL
2,600,000
1,400,000
14,528,571
49
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BASIC MATERIALS
Asian Paints Ltd
Coromandel International Ltd
Jindal Steel & Power Ltd
JSW Steel Ltd
160,000
150,000
80,000
25,000
COMMUNICATIONS
Idea Cellular Ltd
Zee Entertainment Enterprises Ltd
400,000
545,000
CONSUMER, CYCLICAL
Bajaj Auto Ltd
Bata India Ltd
Mahindra & Mahindra Ltd
Maruti Suzuki India Ltd
Tata Motors Ltd
48,000
115,000
140,000
120,000
600,000
500,000
Bajaj Corp Ltd
Cadila Healthcare Ltd
Dr Reddys Laboratories Ltd
Godrej Consumer Products Ltd
Ipca Laboratories Ltd
ITC Ltd
Lupin Ltd
200,000
170,000
72,000
170,000
50,000
880,000
300,000
ENERGY
Coal India Ltd
Oil & Natural Gas Corp Ltd
Oil India Ltd
Reliance Industries Ltd
225,000
125,000
185,000
235,000
FINANCIAL
Axis Bank Ltd
HDFC Bank Ltd
Housing Development Finance Corp
ICICI Bank Ltd
IndusInd Bank Ltd
ING Vysya Bank Ltd
Jammu & Kashmir Bank Ltd
Kotak Mahindra Bank Ltd
State Bank of India
Yes Bank Ltd
165,000
685,000
630,000
230,000
100,000
175,000
315,000
150,000
50,000
70,000
INDUSTRIAL
Grasim Industries Ltd
Larsen & Toubro Ltd
Pidilite Industries Ltd
45,000
140,000
330,000
50
Invesco Funds
1,013,470
440,953
267,837
203,052
1.08
0.47
0.28
0.21
1,925,312
2.04
967,913
1,922,802
1.02
2.04
2,890,715
3.06
1,330,625
1,430,190
1,655,018
2,264,689
2,265,098
2,261,806
1.41
1.51
1.75
2.40
2.39
2.39
11,207,426
11.85
746,178
1,679,287
2,496,625
2,082,996
469,162
4,132,950
3,647,950
0.79
1.78
2.64
2.20
0.50
4.37
3.86
15,255,148
16.14
861,501
476,814
1,203,116
3,020,642
0.91
0.50
1.27
3.20
5,562,073
5.88
2,095,153
6,124,255
6,908,356
2,851,416
534,395
1,160,200
5,297,002
1,472,813
1,152,566
258,699
2.22
6.47
7.30
3.02
0.57
1.23
5.60
1.56
1.22
0.27
27,854,855
29.46
1,516,801
1,529,469
1,122,934
1.60
1.62
1.19
4,169,204
4.41

Nominal/Shares
Market Value
USD
Net Assets
%
295,000
185,000
260,000
4,661,309
8,699,579
7,986,531
4.93
9.20
8.45
21,347,419
22.58
90,212,152
95.42
64,545
0.07
64,545
0.07

90,276,697
95.49
Total Investments
90,276,697
95.49
Investment
TECHNOLOGY
HCL Technologies Ltd
Infosys Ltd
Tata Consultancy Services Ltd
TOTAL EQUITIES
BONDS
CHEMICALS
Coromandel International Ltd 9% INR 23/07/2016
4,500,000
TOTAL BONDS
51
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Brilliance China Automotive Holdings Ltd
Haier Electronics Group Co Ltd
Jardine Matheson Holdings Ltd
9,300,000
6,500,000
150,000
CAYMAN ISLANDS
Baidu Inc ADR
Belle International Holdings Ltd
China Mengniu Dairy Co Ltd
Hengan International Group Co Ltd
Lifestyle International Holdings Ltd
Longfor Properties Co Ltd
Minth Group Ltd
SA SA International Holdings Ltd
65,804
7,000,000
4,170,000
8,500,000
215,000
960,000
5,960,000
4,900,000
7,270,000
6,700,000
370,000
CHINA
Bank of China Ltd
China Telecom Corp Ltd
Dongfeng Motor Group Co Ltd
Luzhou Laojiao Co Ltd
Ping An Insurance Group Co of China Ltd
21,000,000
3,160,000
14,400,000
6,900,000
14,500,500
2,395,917
990,000
HONG KONG
AIA Group Ltd
China Mobile Ltd
Emperor Watch & Jewellery Ltd
Galaxy Entertainment Group Ltd
Lifestyle Properties Development Ltd**
3,660,000
2,020,000
56,000,000
3,170,000
298,000
INDIA
Bajaj Auto Ltd
ICICI Bank Ltd
ITC Ltd
Lupin Ltd
Maruti Suzuki India Ltd
355,000
650,000
1,540,000
740,000
460,000
1,360,000
INDONESIA
Astra International Tbk PT
Indofood CBP Sukses Makmur Tbk PT
Matahari Department Store Tbk PT
Media Nusantara Citra Tbk PT
Mitra Pinasthika Mustika PT
Modern Internasional Tbk PT
Surya Citra Media Tbk PT
27,000,000
10,200,000
8,900,000
16,000,000
22,476,000
46,500,150
41,977,376
MALAYSIA
Astro Malaysia Holdings Bhd
Genting Bhd
9,760,000
3,260,000
52
Invesco Funds
13,622,419
11,398,435
7,960,500
2.04
1.71
1.19
32,981,354
4.94
9,195,780
9,675,775
17,649,554
11,716,276
10,080,275
10,503,064
12,849,182
8,169,351
13,011,184
7,157,482
17,351,538
1.38
1.45
2.65
1.76
1.51
1.58
1.93
1.23
1.95
1.07
2.60
127,359,461
19.11
8,827,340
7,745,726
7,250,642
9,546,447
9,498,163
8,846,432
6,928,321
1.33
1.16
1.09
1.43
1.43
1.33
1.04
58,643,071
8.81
16,021,892
21,722,528
4,224,126
19,302,972
2.40
3.26
0.63
2.90
61,271,518
9.19
9,841,083
8,058,348
7,232,663
8,998,276
8,681,309
5,134,222
1.48
1.21
1.09
1.35
1.30
0.77
47,945,901
7.20
15,020,603
9,364,010
10,045,100
4,304,029
2,150,862
3,385,313
9,658,255
2.25
1.41
1.51
0.65
0.32
0.51
1.45
53,928,172
8.10
8,735,590
9,254,682
1.31
1.39
17,990,272
2.70

Nominal/Shares
Market Value
USD
Net Assets
%
20,000,000
11,200,000
11,603,142
6,648,432
1.74
1.00
18,251,574
2.74
9,676,784
12,694,048
9,059,615
10,673,946
1.45
1.91
1.36
1.60
42,104,393
6.32
9,864,492
23,647,132
33,680,915
32,991,486
11,072,249
1.48
3.55
5.06
4.95
1.66
111,256,274
16.70
11,517,066
6,161,334
18,625,608
12,784,134
1.73
0.92
2.80
1.92
49,088,142
7.37
7,999,377
7,902,740
2,511,088
1.20
1.19
0.38
18,413,205
2.77
10,504,810
1.58
TOTAL EQUITIES
649,738,147
97.53

649,738,147
97.53
8,415,758
1.26
8,415,758
1.26
658,153,905
98.79
Investment
PHILIPPINES
Alliance Global Group Inc
Ayala Land Inc
SINGAPORE
CapitaLand Ltd
CapitaMalls Asia Ltd
Raffles Medical Group Ltd
4,050,000
9,000,000
3,867,913
3,870,000
SOUTH KOREA
Amorepacific Corp
Hyundai Mobis
Hyundai Motor Co
Samsung Life Insurance Co Ltd
12,160
94,000
150,000
26,800
116,500
TAIWAN
HTC Corp
President Chain Store Corp
4,246,984
1,180,000
2,670,000
7,038,807
THAILAND
Bangkok Dusit Medical Services PCL
Kasikornbank PCL
Kasikornbank PCL NVDR
2,000,000
1,592,421
507,579
UNITED KINGDOM
Genting Singapore Plc
10,200,000
OPEN-ENDED FUNDS
LUXEMBOURG
DB X-Trackers CSI300 UCITS ETF
11,760,000

Total Investments
53
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Giordano International Ltd
Man Wah Holdings Ltd
Pou Sheng International Holdings Ltd
622,000
310,000
3,160,000
CAYMAN ISLANDS
AAC Technologies Holdings Inc
Ajisen China Holdings Ltd
Asia Cement China Holdings Corp
Baidu Inc ADR
China Dongxiang Group Co
FIH Mobile Ltd
Golden Eagle Retail Group Ltd
Microport Scientific Corp
Minth Group Ltd
SINA Corp
Stella International Holdings Ltd
Towngas China Co Ltd
Uni-President China Holdings Ltd
Vinda International Holdings Ltd
WuXi PharmaTech Cayman Inc ADR
198,000
785,000
2,714,000
6,785
6,872,000
236,000
16,633
2,648,000
248,000
1,117,000
1,292,000
4,981
76,000
14,100
540,000
1,083,000
972,000
15,000
CHINA
Anhui Conch Cement Co Ltd
Bank of China Ltd
Jiangling Motors Corp Ltd
Shanghai Jinjiang International Hotels Development Co Ltd
HONG KONG
China Mobile Ltd
CITIC Telecom International Holdings Ltd
Lenovo Group Ltd
Sun Art Retail Group Ltd
308,000
3,581,000
2,087,000
623,000
2,778,000
414,000
178,379
857,693
133,500
1,068,000
2,909,000
350,000
1,203,000
597,503
376,535
151,777
1.65
1.04
0.42
1,125,815
3.11
895,480
845,686
1,286,057
948,170
1,120,899
325,299
779,838
1,724,259
343,758
741,023
2,312,303
396,388
186,290
661,234
508,636
925,140
993,876
365,325
2.47
2.33
3.55
2.62
3.09
0.90
2.15
4.76
0.95
2.04
6.37
1.09
0.51
1.82
1.40
2.55
2.75
1.01
15,359,661
42.36
993,843
1,505,272
1,528,493
1,527,085
2,000,545
1,285,167
473,235
1,192,193
2.74
4.15
4.23
4.21
5.51
3.55
1.31
3.28
10,505,833
28.98
1,435,623
1,616,710
770,812
338,246
1,634,930
3.96
4.46
2.13
0.93
4.51
5,796,321
15.99
LUXEMBOURG
LOccitane International SA
232,500
563,903
1.56
TAIWAN
MediaTek Inc
109,000
378,420
1,334,975
687,300
3.68
1.90
2,022,275
5.58
TOTAL EQUITIES
35,373,808
97.58

35,373,808
97.58
Total Investments
35,373,808
97.58
54
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Jardine Matheson Holdings Ltd
Pacific Basin Shipping Ltd
1,600
70,000
CAYMAN ISLANDS
Baidu Inc ADR
Changyou.com Ltd ADR
Daphne International Holdings Ltd
E-House China Holdings Ltd ADR
EVA Precision Industrial Holdings Ltd
HKR International Ltd
Samson Holding Ltd
84,912
43,821
2.12
1.10
128,733
3.22
185,302
120,538
16,544
63,971
67,636
120,498
46,843
4.64
3.02
0.41
1.60
1.69
3.02
1.18
621,332
15.56
57,429
80,568
95,556
1.44
2.02
2.39
233,553
5.85
98,933
73,853
13,642
124,937
196,787
2.48
1.85
0.34
3.13
4.93
508,152
12.73
73,767
65,156
65,862
1.85
1.63
1.65
204,785
5.13
189,500
66,160
1.66
23,100
60,092
1.51
2,343,000
73,100
76,962
31,813
1.92
0.80
108,775
2.72
87,216
78,499
62,601
2.18
1.97
1.57
228,316
5.72
132,575
86,147
72,045
70,862
96,961
270,825
121,878
3.32
2.16
1.80
1.78
2.43
6.79
3.06
851,293
21.34
1,326
4,197
26,000
10,098
538,000
253,600
351,000
CHINA
Qingling Motors Co Ltd
18,500
123,000
382,000
HONG KONG
AIA Group Ltd
Cathay Pacific Airways Ltd
China Taiping Insurance Holdings Co Ltd
CNOOC Ltd
22,600
43,000
10,000
63,000
17,000
INDIA
ICICI Bank Ltd ADR
Infosys Ltd ADR
Tata Motors Ltd ADR
2,815
1,410
2,883
INDONESIA
Bank Negara Indonesia Persero Tbk PT
LUXEMBOURG
Samsonite International SA
PHILIPPINES
Filinvest Land Inc
LT Group Inc
SINGAPORE
Cambridge Industrial Trust
Goodpack Ltd
United Overseas Bank Ltd
171,000
61,000
4,000
SOUTH KOREA
Hyundai Mobis
Korea Electric Power Corp
Korean Reinsurance Co
LG Fashion Corp
POSCO
Shinhan Financial Group Co Ltd
527
3,120
6,850
3,040
334
220
3,320
55
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
32,100
49,000
87,050
164,154
2.18
4.11
251,204
6.29
1,494
71,463
0.04
1.79
72,957
1.83
118,384
46,139
2.96
1.16
164,523
4.12
TOTAL EQUITIES
3,499,875
87.68

3,499,875
87.68
146,312
3.66
146,312
3.66
3,646,187
91.34
Investment
TAIWAN
THAILAND
Kasikornbank PCL
200
14,400
UNITED KINGDOM
HSBC Holdings Plc
Standard Chartered Plc
11,200
2,050
OPEN-ENDED FUNDS
LUXEMBOURG
DB X-Trackers MSCI India TRN Index ETF
21,220

Total Investments
56
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
BERMUDA
Norwegian Cruise Line Holdings Ltd
22,340
697,120
0.52
5,846
816,949
0.61
166,358
1,642,569
1.23
LIBERIA
Royal Caribbean Cruises Ltd
31,263
1,138,130
0.86
NETHERLANDS
Yandex NV
12,825
410,721
0.31
24,822
2,657,213
1,815,109
1,930,880
1.36
1.45
3,745,989
2.81
2,619,409
197,586
4,259,062
1,076,792
2,479,396
3,515,043
1,091,972
3,616,733
2,710,316
903,781
5,644,959
742,952
2,048,912
674,417
636,406
1,329,777
880,618
7,270,137
3,435,335
1,715,689
4,358,626
1,296,620
1,498,953
2,209,212
3,069,265
4,938,608
1,011,463
1,474,211
2,003,206
3,101,301
2,145,758
449,809
1,875,615
326,291
1,180,471
344,586
1,556,385
1,872,310
2,488,670
2,133,621
1,508,835
1,249,670
2,430,916
677,506
2,223,547
1.97
0.15
3.20
0.81
1.86
2.64
0.82
2.72
2.04
0.68
4.24
0.56
1.54
0.51
0.48
1.00
0.66
5.47
2.58
1.29
3.28
0.97
1.13
1.66
2.31
3.71
0.76
1.11
1.51
2.33
1.61
0.34
1.41
0.25
0.89
0.26
1.17
1.41
1.87
1.60
1.13
0.94
1.83
0.51
1.67
CAYMAN ISLANDS
Baidu Inc ADR
ITALY
Prada SpA
UNITED KINGDOM
Michael Kors Holdings Ltd
Monitise Plc
UNITED STATES
Amazon.com Inc
Annies Inc
Apple Inc
Bebe Stores Inc
Brunswick Corp
CBS Corp
Chipotle Mexican Grill Inc
Comcast Corp
DIRECTV
Discovery Communications Inc
DISH Network Corp
Dollar General Corp
Dominos Pizza Inc
DR Horton Inc
eBay Inc
Electronic Arts Inc
Express Inc
Facebook Inc
Ford Motor Co
Gap Inc
General Motors Co
Google Inc
Group 1 Automotive Inc
Harley-Davidson Inc
Home Depot Inc
Interpublic Group of Cos Inc
Jarden Corp
Las Vegas Sands Corp
La-Z-Boy Inc
Lowes Cos Inc
Macys Inc
Marriott International Inc
Mattress Firm Holding Corp
Millennial Media Inc
National CineMedia Inc
Noodles & Co
Nordstrom Inc
Papa Johns International Inc
Penn National Gaming Inc
Pool Corp
priceline.com Inc
PulteGroup Inc
PVH Corp
Rovi Corp
Scripps Networks Interactive Inc
9,221
4,308
8,662
179,615
67,845
68,154
2,684
85,240
46,565
11,581
127,196
13,666
33,023
36,683
12,481
48,259
41,568
176,139
208,076
42,139
126,502
1,516
19,510
36,811
40,899
310,702
23,228
25,975
91,408
66,788
48,095
11,174
45,049
48,447
63,861
7,461
27,805
26,901
47,192
40,276
1,604
78,769
18,856
36,771
30,111
57
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
19,946
669,332
64,203
7,597
18,430
23,294
16,665
18,359
42,870
22,585
53,865
83,646
20,526
14,650
25,333
56,752
7,485
10,031
489,176
2,433,022
821,477
540,754
385,463
1,209,192
237,060
1,976,071
2,615,284
1,197,118
2,427,965
2,628,576
1,505,377
1,168,118
2,011,820
3,466,696
445,694
707,637
0.37
1.83
0.62
0.41
0.29
0.91
0.18
1.49
1.97
0.90
1.83
1.98
1.13
0.88
1.51
2.61
0.33
0.53
120,541,247
90.65
TOTAL EQUITIES
128,992,725
96.99

128,992,725
96.99
Total Investments
128,992,725
96.99
Investment

Sinclair Broadcast Group Inc
Sirius XM Radio Inc
Southwest Airlines Co
Starbucks Corp
Taylor Morrison Home Corp
Thor Industries Inc
Tillys Inc
Time Warner Inc
TJX Cos Inc
Trex Co Inc
Under Armour Inc
Viacom Inc A
Viacom Inc B
Walt Disney Co
Wyndham Worldwide Corp
Yum! Brands Inc
58
Invesco Funds
Invesco Energy Fund

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
CANADA
Canadian Natural Resources Ltd
Cenovus Energy Inc
Suncor Energy Inc
Ultra Petroleum Corp
159,772
65,978
145,311
136,755
4,976,045
1,923,494
4,984,166
2,872,539
2.59
1.00
2.59
1.49
14,756,244
7.67
97,375
1,666,595
0.87
SWITZERLAND
Weatherford International Ltd
781,697
11,690,279
6.08
UNITED KINGDOM
BG Group Plc
BP Plc ADR
Ensco Plc
Royal Dutch Shell Plc ADR
198,395
97,792
83,637
44,262
3,785,195
4,072,548
4,655,654
2,891,415
1.97
2.12
2.42
1.50
15,404,812
8.01
9,855,344
7,615,534
2,752,203
7,425,639
10,197,554
1,147,538
5,288,200
5,665,261
2,400,775
5,990,751
2,632,742
6,874,996
1,888,768
8,103,384
3,377,880
5,806,830
3,519,421
2,231,566
3,879,396
3,661,744
10,599,901
2,652,429
3,859,077
1,983,907
8,654,128
3,384,578
1,200,722
4,228,931
5,534,101
5.13
3.96
1.43
3.86
5.30
0.60
2.75
2.95
1.25
3.12
1.37
3.58
0.98
4.22
1.76
3.02
1.83
1.16
2.02
1.90
5.51
1.38
2.01
1.03
4.50
1.76
0.62
2.20
2.88
142,413,300
74.08
TOTAL EQUITIES
185,931,230
96.71

185,931,230
96.71
Total Investments
185,931,230
96.71
PORTUGAL
UNITED STATES
Anadarko Petroleum Corp
Apache Corp
Cabot Oil & Gas Corp
Cameron International Corp
Chevron Corp
Cobalt International Energy Inc
Concho Resources Inc
Devon Energy Corp
Dow Chemical Co
EOG Resources Inc
EQT Corp
Exxon Mobil Corp
FMC Technologies Inc
Halliburton Co
Helmerich & Payne Inc
Marathon Oil Corp
Midstates Petroleum Co Inc
National Oilwell Varco Inc
Noble Energy Inc
Occidental Petroleum Corp
Oceaneering International Inc
Phillips 66
Range Resources Corp
Schlumberger Ltd
Southwestern Energy Co
Superior Energy Services Inc
Tidewater Inc
Whiting Petroleum Corp
107,550
96,822
69,844
129,344
84,736
46,610
54,854
99,802
63,978
38,137
30,733
78,792
35,117
166,994
53,401
168,046
47,789
485,651
52,181
59,691
120,119
33,624
66,847
26,263
106,101
88,451
47,828
77,702
108,939
59
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
BWP Trust
CFS Retail Property Trust Group
Charter Hall Group
Charter Hall Retail REIT
Commonwealth Property Office Fund
Dexus Property Group
Federation Centres Ltd
Goodman Group
GPT Group
Stockland
Westfield Group
Westfield Retail Trust
16,676
58,017
26,622
20,468
66,998
126,987
70,824
25,869
19,202
50,310
8,671
32,402
BERMUDA
Kerry Properties Ltd
CANADA
Allied Properties Real Estate Investment Trust
Artis Real Estate Investment Trust
Brookfield Office Properties Inc
Canadian Apartment Properties REIT
Canadian Real Estate Investment Trust
Chartwell Retirement Residences
Cominar Real Estate Investment Trust
Dundee Real Estate Investment Trust
H&R Real Estate Investment Trust
Morguard Real Estate Investment Trust
RioCan Real Estate Investment Trust
CAYMAN ISLANDS
Shimao Property Holdings Ltd
SOHO China Ltd
34,287
104,507
83,296
67,700
69,026
116,642
144,037
106,725
61,024
167,531
85,925
84,435
0.21
0.65
0.52
0.42
0.43
0.73
0.90
0.67
0.38
1.04
0.54
0.53
1,125,135
7.02
9,000
36,555
0.23
3,500
6,000
7,665
5,600
1,500
18,400
6,400
3,400
1,040
1,800
3,100
103,767
77,581
123,077
108,468
58,108
165,868
113,775
94,033
20,371
26,995
70,356
0.65
0.48
0.77
0.68
0.36
1.03
0.71
0.59
0.13
0.17
0.44
962,399
6.01
48,385
118,691
0.30
0.74
167,076
1.04
19,000
140,000
FINLAND
Sponda OYJ
6,414
32,438
0.20
FRANCE
Gecina SA
ICADE
Klepierre
Mercialys SA
Unibail-Rodamco SE
536
720
1,077
6,087
898
63,377
61,894
43,133
118,021
203,896
0.39
0.39
0.27
0.74
1.27
490,321
3.06
84,120
97,513
0.52
0.61
181,633
1.13
107,569
62,342
114,990
0.67
0.39
0.72
284,901
1.78
103,706
107,608
84,818
0.65
0.67
0.53
GERMANY
Alstria Office REIT
Deutsche Euroshop AG
7,092
2,379
HONG KONG
Link REIT
Sino Land Co Ltd
Wharf Holdings Ltd
23,500
46,400
14,000
JAPAN
Activia Properties Inc
Advance Residence Investment Corp
Frontier Real Estate Investment Corp
15
53
10
60
Invesco Funds

Investment
JAPAN (continued)
GLP J-Reit
Hulic Co Ltd
Industrial & Infrastructure Fund Investment Corp
Japan Prime Realty Investment Corp
Japan Retail Fund Investment Corp
Kenedix Realty Investment Corp
Mitsui Fudosan Co Ltd
Nippon Prologis REIT Inc
Nomura Real Estate Office Fund Inc
Nomura Real Estate Residential Fund Inc
Orix JREIT Inc
Sumitomo Realty & Development Co Ltd
Nominal/Shares
Market Value
USD
Net Assets
%
97
3,900
16
48
38
20
4,000
8
15
13
29
2,000
94,768
48,149
141,737
137,412
69,782
75,349
126,464
70,013
64,110
60,890
30,813
88,128
0.59
0.30
0.88
0.86
0.44
0.47
0.79
0.44
0.40
0.38
0.19
0.55
1,303,747
8.14
NEW ZEALAND
Precinct Properties New Zealand Ltd
49,639
40,498
0.25
NORWAY
Norwegian Property ASA
22,553
29,410
0.18
65,000
21,000
46,000
26,000
25,000
118,000
43,000
28,000
56,000
49,000
80,000
92,000
85,000
111,443
19,733
48,638
62,122
36,438
96,007
60,228
58,882
49,544
49,119
66,383
55,045
101,213
0.70
0.12
0.30
0.39
0.23
0.60
0.38
0.37
0.31
0.31
0.41
0.34
0.63
814,795
5.09
17,233
57,085
78,466
24,168
0.11
0.36
0.49
0.15
176,952
1.11
3,300
34,455
0.22
18,696
21,077
6,466
34,058
10,545
12,216
9,715
120,133
184,115
48,955
52,823
50,119
169,015
89,458
0.75
1.15
0.31
0.33
0.31
1.05
0.56
714,618
4.46
123,032
178,281
282,613
70,319
102,375
94,836
126,033
149,649
0.77
1.11
1.76
0.44
0.64
0.59
0.79
0.93
SINGAPORE
Ascendas Real Estate Investment Trust
Ascott Residence Trust
CapitaCommercial Trust
CapitaLand Ltd
CapitaMall Trust
Fortune REIT
Frasers Centrepoint Trust
Global Logistic Properties Ltd
Mapletree Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
Starhill Global REIT
Suntec Real Estate Investment Trust
SOUTH AFRICA
Capital Property Fund
Fountainhead Property Trust
Growthpoint Properties Ltd
Hyprop Investments Ltd
17,956
78,346
34,402
3,528
SWEDEN
Fabege AB
UNITED KINGDOM
Big Yellow Group Plc
British Land Co Plc
Hammerson Plc
Hansteen Holdings Plc
Intu Properties Plc
Land Securities Group Plc
Shaftesbury Plc
UNITED STATES
Acadia Realty Trust
Alexandria Real Estate Equities Inc (Preferred)
AvalonBay Communities Inc
BioMed Realty Trust Inc
Boston Properties Inc
Brandywine Realty Trust (Preferred)
CBL & Associates Properties Inc (Preferred)
CBL & Associates Properties Inc
61
5,200
7,100
2,274
3,800
1,000
3,852
5,500
7,700
Invesco Funds

Investment
UNITED STATES ( continued)

Chesapeake Lodging Trust (Preferred)
CoreSite Realty Corp (Preferred)
Corporate Office Properties Trust (Preferred)
Corrections Corp of America
DCT Industrial Trust Inc
DDR Corp Series J (Preferred)
DDR Corp Series K (Preferred)
Digital Realty Trust Inc
Digital Realty Trust Inc Series G (Preferred)
Duke Realty Corp Series J (Preferred)
Duke Realty Corp Series L (Preferred)
DuPont Fabros Technology Inc (Preferred)
EastGroup Properties Inc
EPR Properties
EPR Properties Series E (Preferred)
EPR Properties Series F (Preferred)
Essex Property Trust Inc
Essex Property Trust Inc (Preferred)
Extra Space Storage Inc
Government Properties Income Trust
Health Care REIT Inc
Health Care REIT Inc Series I (Preferred)
Health Care REIT Inc Series J (Preferred)
Healthcare Realty Trust Inc
Hersha Hospitality Trust
Hersha Hospitality Trust Series B (Preferred)
Hersha Hospitality Trust Series C (Preferred)
Hospitality Properties Trust
Hudson Pacific Properties Inc (Preferred)
Inland Real Estate Corp
Kilroy Realty Corp (Preferred)
LaSalle Hotel Properties Series G (Preferred)
LaSalle Hotel Properties Series H (Preferred)
LaSalle Hotel Properties Series I (Preferred)
Liberty Property Trust
LTC Properties Inc
Mid-America Apartment Communities Inc
National Retail Properties Inc (Preferred)
Pebblebrook Hotel Trust Series A (Preferred)
Pebblebrook Hotel Trust Series B (Preferred)
Pebblebrook Hotel Trust Series C (Preferred)
Piedmont Office Realty Trust Inc
PS Business Parks Inc (Preferred)
Public Storage
Realty Income Corp (Preferred)
Regency Centers Corp Series 6 (Preferred)
Regency Centers Corp Series 7 (Preferred)
Retail Opportunity Investments Corp
RLJ Lodging Trust
Saul Centers Inc (Preferred)
Senior Housing Properties Trust
Senior Housing Properties Trust (Preferred)
Simon Property Group Inc
SL Green Realty Corp (Preferred)
Summit Hotel Properties Inc (Preferred)
Sun Communities Inc (Preferred)
Taubman Centers Inc Series J (Preferred)
Taubman Centers Inc Series K (Preferred)
Terreno Realty Corp (Preferred)
Urstadt Biddle Properties Inc
Ventas Inc
Ventas Realty LP / Ventas Capital Corp (Preferred)
Vornado Realty Trust Series I (Preferred)
Vornado Realty Trust Series L (Preferred)
Weyerhaeuser Co (Preferred)
TOTAL EQUITIES
62
Invesco Funds
Nominal/Shares
Market Value
USD
Net Assets
%
1,800
6,000
5,500
2,698
9,600
6,500
6,500
1,800
4,200
2,840
2,100
3,500
1,600
1,600
3,900
2,000
700
3,336
1,500
4,900
1,300
3,700
2,522
3,100
6,100
3,500
595
4,600
4,406
8,500
6,000
2,465
700
1,800
2,700
2,000
2,300
4,000
4,000
2,000
2,809
4,600
2,100
900
2,200
5,500
2,000
12,800
2,000
7,000
5,300
3,119
1,100
9,000
1,779
94
3,017
6,000
1,829
1,800
1,400
3,000
3,800
3,000
3,000
45,036
144,420
132,605
90,747
64,752
148,915
143,455
100,251
85,197
68,629
49,623
85,750
90,664
79,008
113,666
44,270
101,090
85,652
62,258
116,302
79,670
212,491
59,431
70,261
32,117
87,990
13,592
126,155
112,794
85,383
139,710
60,183
17,454
38,088
93,676
71,980
142,060
91,820
101,340
50,750
61,327
79,373
48,531
137,507
55,181
128,040
42,900
168,896
46,470
166,110
121,767
65,780
160,963
209,430
43,968
2,291
69,074
131,550
46,731
35,739
87,577
63,675
92,397
62,460
159,870
0.28
0.90
0.83
0.57
0.40
0.93
0.90
0.63
0.53
0.43
0.31
0.54
0.57
0.49
0.71
0.28
0.63
0.53
0.39
0.73
0.50
1.33
0.37
0.44
0.20
0.55
0.09
0.79
0.70
0.53
0.87
0.38
0.11
0.24
0.58
0.45
0.89
0.57
0.63
0.32
0.38
0.50
0.30
0.86
0.34
0.80
0.27
1.05
0.29
1.04
0.76
0.41
1.00
1.31
0.27
0.01
0.43
0.82
0.29
0.22
0.55
0.40
0.58
0.39
1.00
6,953,980
43.42
13,348,913
83.34

Nominal/Shares
Market Value
USD
Net Assets
%
20,000
19,238
0.12
BRAZIL
BR Properties SA 144A 9% USD Perpetual
150,000
147,150
0.92
CAYMAN ISLANDS
KWG Property Holding Ltd 144A 12.5% USD 18/08/2017
200,000
221,000
1.38
UNITED KINGDOM
Epic More London plc FRN GBP 15/07/2017
Hercules Eclipse 2006-4 Plc FRN GBP 25/10/2018
LCP Proudreed Plc FRN GBP 25/08/2016
Nemus II Arden Plc FRN GBP 15/02/2020
Triton European Loan Conduit No 26 Plc FRN 0.749% GBP 25/10/2019
Triton European Loan Conduit No 26 Plc FRN 1.009% GBP 25/10/2019
Windermere XI Cmbs Plc FRN GBP 24/04/2017
50,000
149,706
97,699
101,740
1,703
29,277
55,839
71,726
197,061
148,933
154,429
2,630
44,762
83,641
0.45
1.23
0.93
0.96
0.02
0.28
0.52
703,182
4.39
181,113
98,107
48,862
25,681
46,398
49,034
49,415
3,405
47,756
87,192
25,425
141,272
91,601
156,017
105,154
103,472
43,610
101,433
1.13
0.61
0.31
0.16
0.29
0.31
0.31
0.02
0.30
0.55
0.16
0.88
0.57
0.97
0.66
0.64
0.27
0.63
1,404,947
8.77
2,495,517
15.58
15,844,430
98.92
Investment
BONDS
AUSTRALIA
General Property Trust 6.75% AUD 24/01/2019
UNITED STATES
Bear Stearns Commercial Mortgage Securities Trust 4.898% USD 11/06/2041
Bear Stearns Commercial Mortgage Securities Trust C 4.858% USD 11/06/2041
CD 2005-CD1 Commercial Mortgage Trust FRN USD 15/07/2044
Credit Suisse First Boston 5.1% USD 15/09/2015
Credit Suisse First Boston Mortgage Securities Corp 4.882% USD 15/07/2037
Credit Suisse First Boston Mortgage Securities Corp FRN USD 15/08/2038
Credit Suisse First Boston Var 5.745% USD 15/12/2036
DLJ Commercial Mortgage Corp 144A 7.459% USD 10/06/2031
JPMorgan Chase Co 4.368% USD 15/01/2042
Morgan Stanley 4.302% USD 15/10/2022
Morgan Stanley Capital I Inc 5.447% USD 01/09/2042
Morgan Stanley Capital I Trust 2006-HQ8 Class C FRN USD 12/03/2044
Morgan Stanley Capital I Trust 2006-HQ8 Class D FRN USD 12/03/2044
Morgan Stanley Capital I Trust 2007-HQ11 FRN USD 12/02/2044
Morgan Stanley Capital I Trust 2007-TOP27 FRN USD 11/06/2042
Senior Housing Properties Trust 4.3% USD 15/01/2016
Wachovia Bank Commercial Mortgage Trust 144A 6.043% USD 15/10/2041
Wachovia Bank Commerical Mortgage Trust 5.439% USD 15/05/2044
200,000
100,000
50,000
25,000
50,000
50,000
50,000
3,401
50,000
100,000
25,000
150,000
100,000
150,000
100,000
100,000
44,000
100,000
TOTAL BONDS
EQUITIES
AUSTRALIA
BGP Holdings**
TOTAL EQUITIES
187,667
15,844,430
98.92
Total Investments
63
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
Boart Longyear Ltd
379,886
157,065
1.11
CANADA
Agnico-Eagle Mines Ltd
Alamos Gold Inc
B2Gold Corp
Barrick Gold Corp
Cameco Corp
Detour Gold Corp
Eldorado Gold Corp
Franco-Nevada Corp
Goldcorp Inc
Kinross Gold Corp
New Gold Inc
Osisko Mining Corp
Pan American Silver Corp
Pretium Resources Inc
Rubicon Minerals Corp
SEMAFO Inc
Silver Wheaton Corp
Tahoe Resources Inc
Torex Gold Resources Inc
Turquoise Hill Resources Ltd
Yamana Gold Inc
21,128
30,007
143,431
14,561
8,059
46,002
88,778
14,478
31,237
106,316
85,522
87,500
26,447
14,995
139,451
85,475
24,809
21,399
337,934
63,551
59,364
643,876
493,088
398,727
286,779
153,725
505,408
764,857
669,076
934,454
585,544
577,496
444,491
327,546
126,694
227,959
185,623
660,788
380,111
504,242
326,456
683,576
4.53
3.47
2.81
2.02
1.08
3.56
5.38
4.71
6.56
4.12
4.06
3.13
2.30
0.89
1.60
1.31
4.65
2.67
3.55
2.30
4.81
9,880,516
69.51
21,114
112,010
0.79
24,417
181,991
6,950
507,774
175,559
550,996
3.57
1.24
3.87
1,234,329
8.68
618,110
290,158
4.35
2.04
908,268
6.39
TOTAL EQUITIES
12,292,188
86.48
TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK

EXCHANGE LISTING OR DEALT IN ON ANOTHER REGULATED MARKET
12,292,188
86.48
1,156,657
8.14
1,156,657
8.14
13,448,845
94.62
SOUTH AFRICA
Gold Fields Ltd ADR
UNITED KINGDOM
Fresnillo Plc
Lydian International Ltd
Randgold Resources Ltd ADR
UNITED STATES
Newmont Mining Corp
Stillwater Mining Co
19,413
25,111
OPEN-ENDED FUNDS
IRELAND
Source Physical Markets Gold P-ETC
8,384

Total Investments
64
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
3,000,000
3,000,000
2.77
TOTAL BONDS
3,000,000
2.77
3,000,000
2.77
MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE 41.1H OF THE LAW OF 17 DECEMBER 2010
Australia New Zealand C/P USD 27/09/2013
4,000,000
Bank Of Tokyo C/D USD 09/10/2013
4,000,000
BMW Finance NV C/P USD 27/11/2013
4,000,000
BNP Paribas C/D USD 05/09/2013
4,000,000
Caisse Des Depots C/P USD 16/09/2013
4,000,000
Fms Wertmanagement C/P USD 05/12/2013
4,000,000
HSBC France C/D USD 19/11/2013
4,000,000
Kingdom Of Sweden C/P USD 26/09/2013
4,000,000
Macquarie Bank C/P USD 07/10/2013
5,000,000
Matchpoint Finance C/P USD 27/11/2013
4,000,000
Mizuho Bank Ltd C/D USD 15/11/2013
4,000,000
Natixis C/D USD 19/09/2013
4,000,000
Nederlandse Water C/P USD 16/10/2013
4,000,000
Standard Chartered Bank C/P USD 10/12/2013
4,000,000
Sumitomo Mitsui Banking C/P USD 24/09/2013
4,000,000
Toyota Kreditbank C/P USD 12/09/2013
4,000,000
3,999,472
3,998,845
3,997,727
3,999,867
3,999,622
3,998,276
3,998,292
3,999,340
4,998,682
3,998,023
3,997,777
3,999,533
3,999,303
3,996,549
3,999,472
3,999,653
3.70
3.70
3.69
3.70
3.70
3.69
3.69
3.70
4.62
3.69
3.69
3.70
3.70
3.69
3.70
3.70
64,980,433
60.06
8,450,000
7.81
8,450,000
7.81
76,430,433
70.64
Investment

BONDS
Svenska Handelsbanken 144A FRN USD 08/06/2017
TOTAL MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE 41.1H OF

THE LAW OF 17 DECEMBER 2010
OPEN-ENDED FUNDS
Short-Term Investments Co Global Series - US Dollar Liquidity Portfolio
Total Investments
65
Invesco Funds
8,450,000

Nominal/Shares
Investment
Bank Of Tokyo C/D EUR 23/12/2013
5,000,000
5,000,000
Cancara Asset Securitisation C/P EUR 09/09/2013
10,000,000
Caterpillar International Finance Ltd C/P EUR 12/09/2013
7,000,000
Fms Wertmanagement C/P EUR 23/09/2013
7,000,000
GE Captial Europe C/P EUR 10/01/2014
7,000,000
HSBC France C/D EUR 24/09/2013
13,000,000
Landesbank Hessen C/P EUR 01/10/2013
10,000,000
LMA SA C/P EUR 19/09/2013
10,000,000
Macquarie Bank Ltd C/P EUR 24/09/2013
8,000,000
8,000,000
Matchpoint Finance C/P EUR 25/11/2013
7,000,000
Mont Blanc Capital C/P EUR 14/11/2013
7,000,000
Nordea Bank C/P EUR 19/09/2013
3,000,000
10,000,000
7,000,000
Norinchukin Bank C/D EUR 24/10/2013
10,000,000
Procter And Gamble Co C/P EUR 23/09/2013
7,000,000
Rabobank Nederland C/D EUR 10/01/2014
8,000,000
Regency Assets C/P EUR 30/09/2013
15,000,000
Standard Chartered Bank C/P EUR 03/12/2013
10,000,000
Sumitomo Mitsui Banking C/P EUR 21/10/2013
8,000,000
Sumitomo Mitsui Banking C/D EUR 22/10/2013
10,000,000
Toyota Kreditbank C/P EUR 19/02/2014
8,000,000
TOTAL MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE 41.1H OF
THE LAW OF 17 DECEMBER 2010
OPEN-ENDED FUNDS
Short-Term Investments Co Global Series - Euro Liquidity Portfolio
Total Investments
66
Invesco Funds
25,000,000
Market Value
EUR
Net Assets
%
4,997,765
4,996,980
9,999,862
6,999,874
6,999,907
6,995,091
12,999,322
9,999,823
9,999,445
7,999,222
7,999,037
6,997,514
6,997,195
2,999,850
9,998,593
6,998,084
9,998,703
6,999,674
7,997,930
14,998,450
9,997,361
7,998,902
9,998,600
7,995,005
1.41
1.41
2.82
1.98
1.98
1.97
3.67
2.82
2.82
2.26
2.26
1.97
1.97
0.85
2.82
1.97
2.82
1.98
2.26
4.23
2.82
2.26
2.82
2.26
199,962,189
56.43
25,000,000
7.05
25,000,000
7.05
224,962,189
63.48

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
BONDS
Abbey National Treasury Services Plc 3.625% EUR 08/09/2016
Abbey National Treasury Services Plc 5.75% GBP 02/03/2026
Apple Inc 1% USD 03/05/2018
Apple Inc 2.4% USD 03/05/2023
Autonomous Community of Madrid Spain 5.75% EUR 01/02/2018
Banco Santander SA 3.875% EUR 27/05/2014
Barclays Bank Plc 4.25% GBP 12/01/2022
Belgium Government Bond 3.25% EUR 28/09/2016
BMW Finance NV 3.25% EUR 14/01/2019
BMW Finance NV 3.375% GBP 14/12/2018
Bundesobligation 0.5% EUR 13/10/2017
Bundesrepublik Deutschland 1.5% EUR 04/09/2022
Canadian Government Bond 2.75% CAD 01/09/2016
Chrysler Group LLC 8% USD 15/06/2019
Citigroup Inc 4.45% USD 10/01/2017
Commonwealth Bank of Australia 2.625% EUR 12/01/2017
Danske Bank A/S 3.875% EUR 28/02/2017
Deutsche Telekom International Finance BV 144A 2.25% USD 06/03/2017
European Financial Stability Facility 2.75% EUR 05/12/2016
European Investment Bank 1.125% USD 15/09/2017
European Investment Bank 1.875% USD 15/10/2019
FCE Bank Plc 4.825% GBP 15/02/2017
FMS Wertmanagement AoeR 3.375% EUR 17/06/2021
GE Capital UK Funding 4.375% GBP 31/07/2019
Goldman Sachs Group Inc 3.3% USD 03/05/2015
Instituto de Credito Oficial 6% EUR 08/03/2021
Italy Buoni Poliennali Del Tesoro 2.15% EUR 15/09/2014
JPMorgan Chase & Co 4.5% USD 24/01/2022
JPMorgan Chase & Co 5.375% GBP 18/10/2013
Lloyds TSB Bank Plc 5.125% GBP 07/03/2025
Lloyds TSB Bank Plc FRN AUD 19/12/2021
Macquarie Bank Ltd 144A 3.45% USD 27/07/2015
Merrill Lynch & Co Inc 5.75% GBP 12/12/2014
Morgan Stanley 3.75% EUR 21/09/2017
Morgan Stanley 5.5% USD 26/01/2020
Netherlands Government Bond 144A 3.25% EUR 15/07/2021
Northern Rock Asset Management Plc 5.625% USD 22/06/2017
Pernod Ricard SA 5% EUR 15/03/2017
Poland Government International Bond 3.375% EUR 09/07/2024
Poland Government International Bond 5% USD 23/03/2022
Portugal Obrigacoes do Tesouro OT 144A 3.6% EUR 15/10/2014
Societe Generale SFH 2.875% EUR 14/03/2019
Spain Government Bond 2.75% EUR 31/03/2015
Spain Government International Bond 4% USD 06/03/2018
Telefonica Europe BV 8.25% USD 15/09/2030
United Kingdom Gilt Inflation Linked 0.125% GBP 22/03/2044
United States Treasury Inflation Indexed Bonds 0.125% USD 15/01/2023
United States Treasury Note/Bond 0.125% USD 31/07/2014
67
Invesco Funds
500,000
250,000
1,700,000
1,000,000
1,300,000
1,000,000
500,000
1,600,000
500,000
500,000
2,000,000
2,000,000
2,000,000
7,000,000
1,000,000
1,000,000
1,000,000
300,000
1,000,000
500,000
500,000
2,000,000
1,000,000
3,000,000
3,000,000
500,000
1,000,000
750,000
750,000
250,000
2,000,000
2,000,000
2,000,000
1,000,000
500,000
1,000,000
500,000
807,000
1,000,000
300,000
500,000
750,000
500,000
1,000,000
200,000
2,000,000
1,000,000
4,000,000
500,000
2,000,000
1,000,000
1,000,000
1,000,000
1,300,000
1,200,000
4,000,000
2,000,000
1,000,000
6,000,000
1,000,000
714,929
464,048
1,626,702
905,249
1,848,397
1,358,409
840,158
2,275,848
714,518
819,787
2,631,836
2,670,384
2,602,047
8,981,891
1,400,321
1,430,079
986,205
327,375
1,078,237
698,259
714,519
2,019,416
1,408,419
2,953,095
2,910,237
840,643
1,472,647
1,250,947
775,787
367,595
3,282,380
2,693,079
2,677,112
1,407,520
519,546
1,559,082
873,687
871,982
1,035,767
490,859
708,355
820,521
728,334
1,129,165
295,335
2,669,451
1,046,464
5,292,471
708,383
2,685,687
1,384,891
996,185
1,179,839
2,115,569
2,691,945
3,852,082
1,999,805
1,000,273
5,966,953
980,859
0.50
0.33
1.14
0.64
1.30
0.95
0.59
1.60
0.50
0.58
1.85
1.87
1.83
6.30
0.98
1.00
0.69
0.23
0.76
0.49
0.50
1.42
0.99
2.07
2.04
0.59
1.03
0.88
0.54
0.26
2.30
1.89
1.88
0.99
0.37
1.09
0.61
0.61
0.73
0.34
0.50
0.58
0.51
0.79
0.21
1.87
0.73
3.71
0.50
1.89
0.97
0.70
0.83
1.49
1.89
2.70
1.40
0.70
4.19
0.69

Investment
Nominal/Shares
Market Value
USD
Net Assets
%
3,000,000
1,000,000
2,000,000
3,000,000
1,000,000
500,000
400,000
2,992,031
995,781
1,989,063
2,826,797
842,266
561,094
685,468
2.10
0.70
1.40
1.98
0.59
0.39
0.48
TOTAL BONDS
113,644,065
79.75

113,644,065
79.75
1,519,249
1,502,076
1.07
1.05
TOTAL BONDS
3,021,325
2.12
3,021,325
2.12
116,665,300
81.97
BONDS (continued)
Yorkshire Building Society 4.75% GBP 12/04/2018

BONDS
Canada Housing Trust No 1 FRN 1.223% CAD 15/09/2018
Queensland Treasury Corp 6% AUD 14/06/2021
Total Investments
68
Invesco Funds
1,600,000
1,500,000

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
ABN AMRO Bank NV 6.375% EUR 27/04/2021
Aviva Plc FRN EUR 02/10/2023
Banca Monte dei Paschi di Siena SpA 4.875% EUR 15/09/2016
Bankia SA 4.875% EUR 31/03/2014
Banque Federative du Credit Mutuel SA 2.625% EUR 24/02/2021
Belden Inc 5.5% EUR 15/04/2023
Cabot Financial Luxembourg SA 10.375% GBP 01/10/2019
Cirsa Funding Luxembourg SA 8.75% EUR 15/05/2018
City of Oslo Norway 3.6% NOK 06/12/2022
Codere Finance Luxembourg SA 8.25% EUR 15/06/2015
Co-operative Group Holdings 2011 6.875% GBP 08/07/2020
Crh Finance UK Plc 8.25% GBP 24/04/2015
Delta Lloyd Levensverzekering NV FRN EUR 29/08/2042
Direct Line Insurance Group Plc FRN GBP 27/04/2042
France Government Bond OAT 1.75% EUR 25/05/2023
Gala Group Finance Plc 8.875% GBP 01/09/2018
Heathrow Finance Plc 5.375% GBP 02/09/2019
Heathrow Funding Ltd 6.25% GBP 10/09/2018
HSBC Capital Funding LP FRN EUR Perpetual
Infinis Plc 7% GBP 15/02/2019
ING Bank NV FRN EUR 15/03/2019
Italy Buoni Poliennali Del Tesoro 144A 4.75% EUR 01/09/2044
Italy Buoni Poliennali Del Tesoro 5% EUR 01/09/2040
Kelda Finance No 3 Plc 5.75% GBP 17/02/2020
Lloyds TSB Bank Plc FRN GBP 29/05/2020
Lowell Group Financing Plc 10.75% GBP 01/04/2019
Magnolia BC SA 9% EUR 01/08/2020
Manutencoop Facility Management SpA 8.5% EUR 01/08/2020
Matterhorn Financing & CY SCA 9% EUR 15/04/2019
Morgan Stanley 5.75% GBP 14/02/2017
Nara Cable Funding Ltd 8.875% EUR 01/12/2018
Nationwide Building Society FRN EUR 20/03/2023
NGG Finance Plc FRN GBP 18/06/2073
Nordea Bank AB FRN EUR 10/09/2018
Norway Government Bond 3.75% NOK 25/05/2021
Odeon & UCI Finco Plc 9% GBP 01/08/2018
Old Mutual Plc 8% GBP 03/06/2021
OMV AG FRN EUR Perpetual
Permanent Master Issuer Plc FRN EUR 15/07/2042
R&R Ice Cream Plc 8.375% EUR 15/11/2017
Royal Bank of Scotland Plc 5.125% GBP 13/01/2024
RWE AG FRN GBP Perpetual
Santander Consumer Finance SA 3.25% EUR 20/06/2014
Scottish Widows Plc 5.5% GBP 16/06/2023
Slovenia Government Bond 4.625% EUR 09/09/2024
Spain Government Bond 144A 5.4% EUR 31/01/2023
69
Invesco Funds
1,000,000
1,000,000
3,000,000
200,000
1,000,000
200,000
22,240,000
4,450,000
1,430,000
200,000
350,000
25,000,000
500,000
1,900,000
300,000
1,580,000
750,000
18,770,000
300,000
175,000
380,000
1,200,000
1,300,000
150,000
2,850,000
1,000,000
12,190,000
2,100,000
2,400,000
150,000
750,000
500,000
350,000
300,000
200,000
250,000
1,000,000
350,000
900,000
5,000,000
10,000
1,000,000
2,500,000
69,690,000
25,500,000
100,000
750,000
1,350,000
350,000
100,000
1,250,000
1,200,000
2,200,000
1,000,000
5,000,000
3,000,000
3,000,000
2,250,000
1,107,677
1,003,500
3,089,134
204,306
992,880
192,786
21,329,132
4,337,259
1,387,070
264,478
357,437
3,052,112
246,250
2,124,140
387,801
1,782,082
1,048,336
17,641,182
376,737
206,978
507,027
1,668,923
1,307,335
182,660
2,852,690
1,105,642
11,969,330
2,005,369
2,394,610
178,270
913,551
701,076
461,833
304,875
189,000
250,000
1,298,690
370,328
875,579
4,766,544
11,363
1,162,089
2,502,610
9,184,092
3,488,579
121,188
894,827
1,491,223
355,500
107,324
1,653,770
1,465,077
2,232,560
1,132,754
4,340,049
2,603,690
3,152,690
2,405,709
0.64
0.58
1.79
0.12
0.57
0.11
12.33
2.51
0.80
0.15
0.21
1.76
0.14
1.23
0.22
1.03
0.61
10.20
0.22
0.12
0.29
0.96
0.76
0.11
1.65
0.64
6.92
1.16
1.38
0.10
0.53
0.41
0.27
0.18
0.11
0.14
0.75
0.21
0.51
2.76
0.01
0.67
1.45
5.31
2.02
0.07
0.52
0.86
0.21
0.06
0.96
0.85
1.29
0.65
2.51
1.51
1.82
1.39

Nominal/Shares
Market Value
EUR
Net Assets
%
800,000
600,000
110,000
250,000
2,000,000
4,130,000
10,340,000
200,000
600,000
250,000
300,000
974,985
636,352
14,083
291,261
2,202,674
5,714,823
17,942,709
196,556
586,672
296,384
307,500
0.56
0.37
0.01
0.17
1.27
3.30
10.37
0.11
0.34
0.17
0.18
TOTAL BONDS
162,903,702
94.19

162,903,702
94.19
1,967
1,967
162,905,669
94.19
Investment
BONDS (continued)
SSE Plc FRN GBP Perpetual
SSE Plc FRN EUR Perpetual
Sweden Government Bond 4.25% SEK 12/03/2019
Travelex Financing Plc 8% GBP 01/08/2018
United Kingdom Gilt 3.25% GBP 22/01/2044
UPC Holding BV 6.75% EUR 15/03/2023
Veolia Environnement SA FRN EUR Perpetual
Virgin Media Finance Plc 7% GBP 15/04/2023
Wind Acquisition Finance SA 7.375% EUR 15/02/2018
OPEN-ENDED FUNDS
Short-Term Investments Co Global Series - Sterling Liquidity Portfolio
Total Investments
70
Invesco Funds
1,680

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
Alliander NV FRN EUR Perpetual
American Financial Group Inc 9.875% USD 15/06/2019
Australia Government Bond 3.25% AUD 21/04/2029
Australia Government Bond 4% AUD 20/08/2015
Australia Government Bond 5.75% AUD 15/07/2022
Banque Federative du Credit Mutuel SA 2.625% EUR 24/02/2021
Barclays Bank Plc FRN GBP 20/01/2015
Bundesschatzanweisungen 0.25% EUR 14/03/2014
Canadian Government Bond 4% CAD 01/06/2041
Crown European Holdings SA 7.125% EUR 15/08/2018
DNB Bank ASA FRN EUR 08/03/2022
Empresa Nacional del Petroleo 5.25% USD 10/08/2020
EnBW Energie Baden-Wuerttemberg AG FRN EUR 02/04/2072
FCE Bank Plc 5.125% GBP 16/11/2015
Gerresheimer AG 5% EUR 19/05/2018
Gold Fields Orogen Holding BVI Ltd 4.875% USD 07/10/2020
Hutchison Whampoa International 12 Ltd FRN USD Perpetual
ING Bank NV 3% EUR 30/09/2014
New Zealand Government Bond 5% NZD 15/03/2019
Queensland Treasury Corp 6.5% AUD 14/03/2033
Securitas AB 2.75% EUR 28/02/2017
Societe Generale SA FRN USD Perpetual
Spain Government Bond 144A 4.4% EUR 31/10/2023
United States Treasury Note/Bond 1% USD 15/01/2014
51,962
146,372
106,135
481,169
77,250
102,971
99,288
238,292
306,894
158,126
30,389
242,294
387,851
50,049
337,710
111,797
107,687
139,778
107,345
113,389
49,467
62,964
110,430
150,445
238,493
359,872
269,394
522,997
116,209
107,136
188,452
173,101
206,579
190,974
122,090
113,275
103,254
173,602
151,758
128,578
121,873
176,214
830,258
624,698
720,050
139,960
97,779
0.49
1.40
1.01
4.59
0.74
0.98
0.95
2.27
2.93
1.51
0.29
2.31
3.70
0.48
3.22
1.07
1.03
1.33
1.02
1.08
0.47
0.60
1.05
1.43
2.27
3.43
2.57
4.99
1.11
1.02
1.80
1.65
1.97
1.82
1.16
1.08
0.98
1.65
1.45
1.23
1.16
1.68
7.92
5.96
6.86
1.33
0.93
TOTAL BONDS
9,646,650
91.97

9,646,650
91.97
Total Investments
9,646,650
91.97
71
Invesco Funds
50,000
150,000
180,000
400,000
100,000
100,000
100,000
200,000
320,000
160,000
30,000
250,000
370,000
50,000
400,000
100,000
100,000
100,000
100,000
150,000
45,000
50,000
100,000
250,000
300,000
350,000
270,000
850,000
100,000
100,000
1,430,000
1,300,000
1,510,000
250,000
100,000
100,000
100,000
200,000
200,000
130,000
100,000
160,000
490,000
360,000
950,000
220,000
100,000
Invesco Euro InflationLinked Bond Fund

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
Bundesrepublik Deutschland Bundesobligation Inflation Linked Bond 0.75% EUR 15/04/2018
Caisse dAmortissement de la Dette Sociale Index Linked Bond 1.85% EUR 25/07/2019
Deutsche Bundesrepublik Inflation Linked Bond 0.1% EUR 15/04/2023
Deutsche Bundesrepublik Inflation Linked Bond 1.5% EUR 15/04/2016
France Government Inflation Linked Bond OAT 0.25% EUR 25/07/2018
France Government Inflation Linked Bond OAT 1% EUR 25/07/2017
Reseau Ferre de France Inflation Linked Bond 2.45% EUR 28/02/2023
780,369
1,323,823
1,808,034
2,714,045
422,535
527,596
4,236,446
804,901
741,326
2,038,115
1,872,923
1,100,561
984,676
362,890
472,472
3.75
6.35
8.68
13.03
2.03
2.53
20.34
3.86
3.56
9.78
8.99
5.28
4.73
1.74
2.27
TOTAL BONDS
20,190,712
96.92

20,190,712
96.92
Total Investments
20,190,712
96.92
72
Invesco Funds
700,000
1,050,000
1,770,000
2,220,000
400,000
440,000
3,750,000
700,000
580,000
1,630,000
1,350,000
670,000
580,000
400,000
340,000

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
General Motors Co (Preferred)
21,400
TOTAL EQUITIES
BONDS
ABN AMRO Bank NV FRN EUR Perpetual
Achmea BV FRN EUR 04/04/2043
Akzo Nobel NV 4% EUR 17/12/2018
Alliander NV FRN EUR Perpetual
Allianz Finance II BV 1.375% EUR 13/03/2018
Allianz Finance II BV 3% EUR 13/03/2028
Allianz Finance II BV 3.5% EUR 14/02/2022
Allianz Finance II BV FRN EUR 08/07/2041
Allianz SE FRN EUR 17/10/2042
Anglo American Capital Plc 4.25% EUR 30/09/2013
Anheuser-Busch InBev NV 3.25% EUR 24/01/2033
Aquarius and Investments Plc for Zurich Insurance Co Ltd FRN EUR 02/10/2043
Assicurazioni Generali SpA 5.125% EUR 16/09/2024
AT&T Inc 3.55% EUR 17/12/2032
Atlantia SpA 4.5% EUR 08/02/2019
Atlas Copco AB 2.625% EUR 15/03/2019
Aviva Plc FRN EUR Perpetual
AXA SA FRN EUR 16/04/2040
Banco Bilbao Vizcaya Argentaria SA 2.5% EUR 07/10/2013
Banco Bilbao Vizcaya Argentaria SA 3.5% EUR 05/12/2017
Banco Popular Espanol SA 3.5% EUR 13/09/2013
Banco Santander SA 3.875% EUR 27/05/2014
Bank of America Corp 2.5% EUR 27/07/2020
Bank of America Corp 4% EUR 23/03/2015
Bank of America Corp 4.625% EUR 07/08/2017
Bank of Scotland Plc FRN EUR 07/02/2035
Barclays Bank Plc FRN EUR 22/03/2021
Barclays Bank Plc FRN EUR Perpetual
Barclays Bank Plc 6.625% EUR 30/03/2022
BASF SE 2% EUR 05/12/2022
BBVA Senior Finance SAU 3.25% EUR 23/04/2015
BG Energy Capital Plc FRN EUR 30/11/2072
BMW Finance NV 2.375% EUR 24/01/2023
BNP Paribas Home Loan SFH 3.125% EUR 22/03/2022
BNP Paribas SA 2.875% EUR 24/10/2022
BNP Paribas SA 7.781% FRN EUR Perpetual
Bouygues SA 4.5% EUR 09/02/2022
BPCE SA 4.625% EUR 18/07/2023
Caisse de Refinancement de l'Habitat SA 2.4% EUR 17/01/2025
Citigroup Inc FRN EUR 05/03/2014
Cloverie Plc for Swiss Reinsurance Co Ltd FRN EUR 01/09/2042
CNP Assurances FRN EUR 14/09/2040
Coca-Cola Enterprises Inc 2.375% EUR 07/05/2025
Commerzbank AG 7.75% EUR 16/03/2021
Co-Operative Bank Plc 2.375% EUR 23/10/2015
Coventry Building Society 2.25% EUR 04/12/2017
Credit Agricole Home Loan SFH 2.125% EUR 10/07/2017
Credit Agricole SA FRN EUR Perpetual
Daimler AG 2.375% EUR 12/09/2022
Danone SA 1.25% EUR 06/06/2018
Deutsche Bank AG FRN EUR 07/10/2013
Deutsche Telekom International Finance BV 4.5% EUR 28/10/2030
Dresdner Bank AG FRN EUR 26/02/2021
Eandis CVBA 2.75% EUR 30/11/2022
73
Invesco Funds
8,000,000
22,400,000
8,000,000
5,500,000
2,500,000
5,000,000
7,500,000
35,000,000
41,000,000
6,081,000
20,000,000
15,000,000
2,500,000
33,000,000
4,000,000
5,000,000
2,500,000
27,050,000
8,582,000
44,300,000
5,400,000
16,450,000
20,000,000
15,000,000
24,000,000
21,000,000
5,300,000
12,000,000
14,324,000
18,070,000
66,360,000
18,000,000
7,000,000
32,000,000
2,000,000
13,000,000
8,000,000
17,000,000
27,000,000
24,000,000
14,000,000
13,000,000
120,000,000
7,000,000
40,000,000
4,250,000
34,650,000
8,000,000
20,000,000
38,000,000
3,000,000
8,000,000
5,700,000
10,000,000
10,000,000
6,000,000
6,500,000
5,000,000
5,000,000
789,848
0.02
789,848
0.02
7,470,120
23,390,640
8,792,151
5,715,875
2,504,019
5,018,143
8,136,589
38,476,870
44,487,431
6,097,477
19,729,818
14,567,922
2,659,914
32,279,636
4,354,957
5,219,507
2,493,687
29,839,869
8,912,593
46,149,148
5,486,812
16,478,503
20,911,132
15,082,999
24,624,871
20,805,689
5,558,176
13,285,598
14,094,816
14,673,633
50,842,378
20,240,564
6,809,493
32,671,331
2,213,333
12,954,657
8,595,620
16,976,696
29,531,587
24,033,851
15,614,316
12,932,664
116,397,462
6,824,498
40,195,936
4,984,000
36,540,850
7,498,308
21,141,732
35,688,072
3,026,390
8,296,635
6,237,339
9,910,888
9,934,981
6,005,230
7,188,039
3,427,840
5,012,984
0.21
0.66
0.25
0.16
0.07
0.14
0.23
1.08
1.25
0.17
0.55
0.41
0.08
0.91
0.12
0.15
0.07
0.84
0.25
1.30
0.15
0.46
0.59
0.42
0.69
0.58
0.16
0.37
0.40
0.41
1.43
0.57
0.19
0.92
0.06
0.36
0.24
0.48
0.83
0.68
0.44
0.36
3.27
0.19
1.13
0.14
1.03
0.21
0.59
1.00
0.09
0.23
0.18
0.28
0.28
0.17
0.20
0.10
0.14

Investment
BONDS (continued)
Electricite de France SA 2.75% EUR 10/03/2023
Electricite de France SA 4.5% EUR 12/11/2040
Electricite de France SA 4.25% FRN EUR Perpetual
Elia System Operator SA/NV 3.25% EUR 04/04/2028
Enel Finance International NV 4.125% EUR 12/07/2017
Enel Finance International NV 4.625% EUR 24/06/2015
Enel Finance International NV 5% EUR 12/07/2021
Enel Finance International NV 144A 5.75% EUR 24/10/2018
Enexis Holding NV 1.875% EUR 13/11/2020
Enexis Holding NV 3.375% EUR 26/01/2022
ESB Finance Ltd 4.375% EUR 21/11/2019
Everything Everywhere Finance Plc 3.25% EUR 03/08/2018
Everything Everywhere Finance Plc 3.5% EUR 06/02/2017
EWE AG 4.125% EUR 04/11/2020
Export-Import Bank of Korea 2% EUR 30/04/2020
FCE Bank Plc 2.875% EUR 03/10/2017
Fiat Finance & Trade SA 6.75% EUR 14/10/2019
Finmeccanica Finance SA 4.375% EUR 05/12/2017
Gas Natural Capital Markets SA 4.125% EUR 24/04/2017
Gas Natural Fenosa Finance BV 3.875% EUR 11/04/2022
GDF Suez 2.625% EUR 20/07/2022
GDF Suez FRN EUR Perpetual
GDF Suez 5.95% EUR 16/03/2111
GE Capital European Funding FRN EUR 03/05/2016
General Electric Capital Corp 4.125% EUR 19/09/2035
General Electric Capital Corp FRN EUR 15/09/2066
General Electric Capital Corp FRN EUR 15/09/2067
Gestamp Funding Luxembourg SA 5.875% EUR 31/05/2020
Goldman Sachs Group Inc FRN EUR 15/11/2014
Goldman Sachs Group Inc 3.25% EUR 01/02/2023
Great-West Lifeco Inc 2.5% EUR 18/04/2023
Groupama SA FRN EUR Perpetual
Groupama SA FRN EUR 27/10/2039
Gtech Spa 3.5% EUR 05/03/2020
Gtech Spa 5.375% EUR 05/12/2016
Hannover Finance Luxembourg SA FRN EUR 30/06/2043
Heineken NV 2.875% EUR 04/08/2025
Hera SpA 5.2% EUR 29/01/2028
HIT Finance BV 5.75% EUR 09/03/2018
HSBC SFH France SA 2% EUR 16/10/2023
HSE Netz AG 6.125% EUR 23/04/2041
Iberdrola International BV 2.875% EUR 11/11/2020
Iberdrola International BV FRN EUR Perpetual
Imperial Tobacco Finance Plc 4.375% EUR 22/11/2013
International Business Machines Corp 1.375% EUR 19/11/2019
Intesa Sanpaolo SpA 3.5% EUR 27/11/2013
Intesa Sanpaolo SpA FRN EUR Perpetual
Investor AB 4.5% EUR 12/05/2023
IPIC GMTN Ltd 2.375% EUR 30/05/2018
Iron Mountain Inc 6.75% EUR 15/10/2018
JPMorgan Chase & Co 0% EUR 31/01/2014
JPMorgan Chase & Co FRN EUR 30/01/2014
JPMorgan Chase & Co FRN EUR 12/10/2015
JPMorgan Chase & Co 2.75% EUR 24/08/2022
Koninklijke KPN NV FRN EUR Perpetual
LBG Capital No.1 Plc 6.439% EUR 23/05/2020
Lloyds TSB Bank Plc 6.5% EUR 24/03/2020
LVMH Moet Hennessy Louis Vuitton SA 1.25% EUR 04/11/2019
Mapfre SA 5.125% EUR 16/11/2015
Marks & Spencer Plc 7.125% USD 01/12/2037
74
Invesco Funds
Nominal/Shares
Market Value
EUR
Net Assets
%
5,000,000
20,250,000
6,300,000
12,400,000
4,000,000
21,500,000
8,000,000
2,500,000
12,000,000
10,000,000
9,000,000
4,000,000
8,800,000
10,000,000
10,000,000
5,000,000
20,000,000
12,500,000
12,200,000
5,000,000
4,000,000
9,000,000
17,000,000
20,000,000
5,000,000
20,000,000
5,000,000
15,200,000
6,520,000
4,000,000
26,000,000
7,400,000
27,000,000
5,000,000
8,000,000
6,000,000
16,000,000
13,000,000
4,500,000
30,000,000
7,000,000
5,000,000
7,000,000
96,589,000
20,000,000
14,900,000
24,500,000
9,000,000
14,550,000
10,000,000
20,000,000
15,000,000
5,000,000
22,000,000
9,875,000
2,800,000
40,000,000
5,000,000
30,000,000
16,400,000
65,777,000
9,240,000
14,000,000
18,000,000
4,000,000
6,500,000
12,120,000
5,011,390
22,316,632
6,389,696
12,727,283
3,960,416
23,634,090
8,470,026
2,640,704
12,854,554
11,295,207
8,853,047
4,245,546
9,566,226
10,315,443
10,444,237
5,515,702
19,189,026
13,015,664
12,620,957
5,130,456
4,263,631
9,536,319
18,484,544
19,807,203
5,080,019
20,520,400
5,954,000
15,203,997
6,490,891
4,021,495
26,771,290
7,307,500
27,030,993
5,020,872
7,724,662
4,545,720
15,400,000
13,386,292
5,011,236
31,071,998
6,837,421
5,397,952
7,969,927
97,134,013
19,308,466
18,990,795
23,977,538
8,979,426
14,670,728
9,723,758
20,130,780
15,622,322
5,751,867
22,226,966
10,028,454
2,795,244
40,023,798
4,902,689
30,254,186
16,993,680
67,914,753
9,616,530
14,420,000
20,177,330
3,916,155
6,862,421
9,192,438
0.14
0.63
0.18
0.36
0.11
0.66
0.24
0.07
0.36
0.32
0.25
0.12
0.27
0.29
0.29
0.16
0.54
0.37
0.35
0.14
0.12
0.27
0.52
0.56
0.14
0.58
0.17
0.43
0.18
0.11
0.75
0.21
0.76
0.14
0.22
0.13
0.43
0.38
0.14
0.87
0.19
0.15
0.22
2.73
0.54
0.53
0.67
0.25
0.41
0.27
0.57
0.44
0.16
0.62
0.28
0.08
1.12
0.14
0.85
0.48
1.91
0.27
0.41
0.57
0.11
0.19
0.26

Investment
BONDS (continued)
McDonald's Corp 2% EUR 01/06/2023
Merrill Lynch & Co Inc FRN EUR 31/01/2014
Metropolitan Life Global Funding I 2.375% EUR 30/09/2019
Metropolitan Life Global Funding I 2.375% EUR 11/01/2023
Microsoft Corp 2.625% EUR 02/05/2033
Morgan Stanley FRN EUR 23/09/2019
Muenchener Rueckversicherungs AG FRN EUR 26/05/2042
National Capital Instruments Euro LLC 2 FRN EUR Perpetual
National Westminster Bank Plc FRN EUR Perpetual
Nederlandse Waterschapsbank NV FRN EUR 15/08/2035
Nestle Finance International Ltd 1.75% EUR 12/09/2022
Nexans SA 4.25% EUR 19/03/2018
NGG Finance Plc FRN EUR 18/06/2076
Nomura Bank International Plc FRN EUR 16/02/2017
Nomura Bank International Plc FRN EUR 30/09/2019
Novalis SAS 6% EUR 15/06/2018
Obrascon Huarte Lain SA 8.75% EUR 15/03/2018
OMV AG 2.625% EUR 27/09/2022
Oracle Corp 3.125% EUR 10/07/2025
Origin Energy Finance Ltd FRN EUR 16/06/2071
Philip Morris International Inc 3.125% EUR 03/06/2033
Picard Groupe SAS FRN EUR 01/08/2019
Prosegur Cia de Seguridad SA 2.75% EUR 02/04/2018
Rolls-Royce Plc 2.125% EUR 18/06/2021
Royal Bank of Scotland Plc FRN EUR 16/03/2022
RWE AG FRN EUR Perpetual
Santander International Debt SAU 3.5% EUR 12/08/2014
Santos Finance Ltd FRN EUR 22/09/2070
Schaeffler Finance BV 4.25% EUR 15/05/2018
SG Capital Trust III FRN EUR Perpetual
Siemens Financieringsmaatschappij NV 1.5% EUR 10/03/2020
Siemens Financieringsmaatschappij NV 2.875% EUR 10/03/2028
Snam SpA 2% EUR 13/11/2015
Snam SpA 3.875% EUR 19/03/2018
Societe Generale SA FRN EUR Perpetual
Softbank Corp 4.625% EUR 15/04/2020
SSE Plc 5.025% FRN EUR Perpetual
Standard Chartered Plc 1.75% EUR 29/10/2017
Suez Environnement Co 4.078% EUR 17/05/2021
Suez Environnement Co FRN EUR Perpetual
Svenska Cellulosa AB 2.5% EUR 09/06/2023
TDC A/S 3.75% EUR 02/03/2022
Telecom Italia Finance SA 7.75% EUR 24/01/2033
Telecom Italia SpA 4.5% EUR 20/09/2017
Telecom Italia SpA FRN EUR 20/03/2073
Telefonica Emisiones SAU 3.661% EUR 18/09/2017
Telefonica SA FRN EUR 02/03/2015
TeliaSonera AB 3.625% EUR 14/02/2024
Teva Pharmaceutical Finance IV BV 2.875% EUR 15/04/2019
Total Capital International SA 2.125% EUR 15/03/2023
75
Invesco Funds
Nominal/Shares
Market Value
EUR
Net Assets
%
12,000,000
18,000,000
5,000,000
11,250,000
42,000,000
50,400,000
15,000,000
4,000,000
10,000,000
10,000,000
15,000,000
16,300,000
10,750,000
8,900,000
9,703,000
22,000,000
8,000,000
22,750,000
10,000,000
6,000,000
8,000,000
3,000,000
10,000,000
8,750,000
9,500,000
18,000,000
25,000,000
8,800,000
5,000,000
8,000,000
861,000
73,000,000
1,250,000
74,666,000
30,000,000
13,000,000
4,950,000
6,000,000
21,000,000
22,000,000
25,000,000
10,000,000
9,000,000
11,650,000
13,000,000
28,900,000
15,000,000
5,000,000
24,200,000
3,000,000
5,000,000
2,000,000
2,500,000
10,000,000
40,000,000
2,000,000
15,000,000
5,400,000
5,000,000
11,600,000
10,850,000
12,000,000
3,000,000
15,000,000
8,000,000
32,100,000
11,425,048
18,012,065
4,609,830
11,489,131
40,590,583
46,224,158
15,121,957
4,280,287
10,557,500
10,721,482
17,226,812
14,594,339
7,793,750
8,658,505
10,345,824
21,287,434
8,010,963
22,606,675
10,127,653
6,507,860
8,240,000
3,280,560
10,096,522
9,665,337
9,657,015
18,587,104
23,776,805
8,971,336
4,948,686
7,948,350
1,015,173
56,710,780
1,240,625
75,352,181
30,580,047
14,170,000
4,977,225
6,021,211
20,535,356
21,687,049
25,385,121
10,626,854
10,227,375
11,824,750
13,787,638
30,146,674
15,050,065
5,595,340
25,005,134
2,920,322
5,338,767
2,098,403
2,512,111
9,821,444
30,936,292
1,970,500
15,599,669
5,249,112
5,287,323
11,786,898
11,582,853
12,225,683
2,966,116
16,181,239
8,323,991
31,303,925
0.32
0.51
0.13
0.32
1.14
1.30
0.43
0.12
0.30
0.30
0.48
0.41
0.22
0.24
0.29
0.60
0.23
0.64
0.28
0.18
0.23
0.09
0.28
0.27
0.27
0.52
0.67
0.25
0.14
0.22
0.03
1.59
0.04
2.12
0.86
0.40
0.14
0.17
0.58
0.61
0.71
0.30
0.29
0.33
0.39
0.85
0.42
0.16
0.70
0.08
0.15
0.06
0.07
0.28
0.87
0.06
0.44
0.15
0.15
0.33
0.33
0.34
0.08
0.45
0.23
0.88

Nominal/Shares
Market Value
EUR
Net Assets
%
9,260,000
71,275,000
13,000,000
3,500,000
27,900,000
22,000,000
7,000,000
13,500,000
8,000,000
4,000,000
8,477,000
10,000,000
20,000,000
12,000,000
9,161,721
71,650,619
14,348,750
3,559,642
28,662,017
22,718,860
6,950,358
13,334,481
8,686,844
4,478,001
8,617,207
9,874,709
24,207,608
11,883,900
0.26
2.01
0.40
0.10
0.81
0.64
0.20
0.37
0.24
0.13
0.24
0.28
0.68
0.33
TOTAL BONDS
3,203,216,804
90.01

3,204,006,652
90.03
6,175,175
75,050,621
0.17
2.11
TOTAL BONDS
81,225,796
2.28
81,225,796
2.28
3,285,232,448
92.31
Investment
BONDS (continued)
Toyota Motor Credit Corp 1.8% EUR 23/07/2020
UBS AG 4.28% FRN EUR Perpetual
UBS AG 7.152% FRN EUR Perpetual
Unibail-Rodamco SE 2.25% EUR 01/08/2018
UniCredit SpA 6.125% EUR 19/04/2021
Vier Gas Transport GmbH 2% EUR 12/06/2020
Vier Gas Transport GmbH 2.875% EUR 12/06/2025
Vivendi SA 4.125% EUR 18/07/2017
Vivendi SA 4.75% EUR 13/07/2021
Volkswagen Bank GmbH 3.125% EUR 11/04/2014
Volkswagen Leasing GmbH 2.375% EUR 06/09/2022
Wal-Mart Stores Inc 4.875% EUR 21/09/2029
Ziggo BV 3.625% EUR 27/03/2020

BONDS
Im Bes Empresas 0.42% EUR 20/11/2043
Santander International Debt SAU 1.152% EUR 17/10/2014
Total Investments
76
Invesco Funds
6,351,838
75,000,000

Nominal/Shares
Investment
Market Value
GBP
Net Assets
%
BONDS
Bankia SA 4.875% EUR 31/03/2014
BG Energy Capital Plc 5% GBP 04/11/2036
British Telecommunications Plc 8.5% GBP 07/12/2016
CaixaBank 3.125% EUR 16/09/2013
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 3.875% EUR 25/07/2023
Digital Stout Holding LLC 4.25% GBP 17/01/2025
DONG Energy A/S 4.875% GBP 12/01/2032
Electricite de France SA FRN GBP Perpetual
European Investment Bank 6% GBP 07/12/2028
Everything Everywhere Finance Plc 4.375% GBP 28/03/2019
GE Capital UK Funding 4.375% GBP 31/07/2019
General Electric Capital Corp FRN USD 15/11/2067
Heathrow Funding Ltd 3% GBP 08/06/2015
HSBC Capital Funding LP FRN GBP Perpetual
HSBC Finance Corp 6.25% GBP 19/08/2019
IPIC GMTN Ltd 6.875% GBP 14/03/2026
Kelda Finance No 3 Plc 5.75% GBP 17/02/2020
Morgan Stanley 5.75% GBP 14/02/2017
Old Mutual Plc 8% GBP 03/06/2021
Optus Finance Pty Ltd 4.625% USD 15/10/2019
Pacific Life Funding LLC 5.125% GBP 20/01/2015
Portugal Telecom International Finance BV 4.625% EUR 08/05/2020
QBE Insurance Group Ltd 6.125% GBP 28/09/2015
Rexel SA 5.125% EUR 15/06/2020
RWE AG FRN USD 12/10/2072
Standard Chartered Bank FRN GBP Perpetual
Standard Chartered Bank FRN USD Perpetual
Suncorp-Metway Ltd 5.125% GBP 27/10/2014
Time Warner Cable Inc 5.75% GBP 02/06/2031
UBS AG FRN USD 22/05/2023
United Kingdom Gilt 4% GBP 22/01/2060
77
Invesco Funds
400,000
200,000
300,000
350,000
400,000
1,000,000
500,000
500,000
200,000
300,000
650,000
700,000
180,000
750,000
800,000
600,000
1,000,000
600,000
600,000
490,000
400,000
655,000
500,000
150,000
500,000
470,000
175,000
750,000
250,000
200,000
400,000
350,000
500,000
500,000
400,000
270,000
600,000
500,000
300,000
500,000
770,000
300,000
600,000
300,000
500,000
1,000,000
500,000
400,000
800,000
7,000,000
2,000,000
1,000,000
800,000
4,000,000
1,500,000
1,000,000
348,972
164,648
318,300
421,918
341,959
830,367
477,397
481,638
189,857
358,130
662,830
703,300
168,987
949,669
815,494
645,567
684,588
308,367
617,939
558,372
475,111
709,455
580,672
156,000
472,133
573,009
177,625
780,212
281,733
161,414
443,655
290,805
496,238
509,481
275,507
283,171
480,870
542,761
261,337
521,350
526,577
290,226
388,823
312,255
540,513
693,477
519,952
371,512
495,986
6,901,545
2,052,710
932,715
887,860
4,498,040
1,695,000
1,161,940
0.64
0.30
0.59
0.78
0.63
1.53
0.88
0.89
0.35
0.66
1.22
1.30
0.31
1.75
1.50
1.19
1.26
0.57
1.14
1.03
0.88
1.31
1.07
0.29
0.87
1.06
0.33
1.44
0.52
0.30
0.82
0.54
0.92
0.94
0.51
0.52
0.89
1.00
0.48
0.96
0.97
0.54
0.72
0.58
1.00
1.28
0.96
0.69
0.92
12.74
3.79
1.72
1.64
8.30
3.13
2.14

Nominal/Shares
Market Value
GBP
Net Assets
%
3,000,000
2,600,000
3,300,000
400,000
3,545,310
3,098,160
4,019,664
382,820
6.54
5.72
7.42
0.71
TOTAL BONDS
51,835,923
95.68

51,835,923
95.68
1,451,743
2.68
1,451,743
2.68
53,287,666
98.36
Investment
BONDS (continued)
William Hill Plc 4.25% GBP 05/06/2020
OPEN-ENDED FUNDS
Short-Term Investments Co Global Series - Sterling Liquidity Portfolio
Total Investments
78
Invesco Funds
1,451,743

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
BONDS
AHML Finance Ltd 7.75% RUB 13/02/2018
Banco Santander Brasil SA 8% BRL 18/03/2016
Barclays Bank Plc 9.5% IDR 17/07/2031
Barclays Bank Plc 10% IDR 17/02/2028
Barclays Bank Plc 10.25% IDR 19/07/2027
Brazil Notas do Tesouro Nacional Serie F 10% BRL 01/01/2017
Brazil Notas do Tesouro Nacional Serie F 10% BRL 01/01/2021
Brazilian Government International Bond 8.5% BRL 05/01/2024
Citigroup Inc 0% NGN 23/12/2013
Colombia Government International Bond 4.375% COP 21/03/2023
Colombia Government International Bond 7.75% COP 14/04/2021
Cosan Luxembourg SA 9.5% BRL 14/03/2018
Empresa de Telecomunicaciones de Bogota 7% COP 17/01/2023
European Bank for Reconstruction & Development 9.5% BRL 06/11/2013
Export-Import Bank of Korea 4% PHP 26/11/2015
Export-Import Bank of Korea 8.3% IDR 15/03/2014
Export-Import Bank of Korea 8.4% IDR 06/07/2016
Federal Grid Co OJS via Federal Grid Finance Ltd 8.446% RUB 13/03/2019
Hungary Government Bond 6.75% HUF 24/02/2017
JPMorgan Chase Bank 7% IDR 18/05/2027
JPMorgan Chase Bank 8.25% IDR 17/06/2032
JPMorgan Chase Indonesian Government Linked Notes 8.375% IDR 17/09/2026
Malaysia Government Bond 3.835% MYR 12/08/2015
Mexican Bonos 6.5% MXN 09/06/2022
Mexican Bonos 8% MXN 11/06/2020
Mexican Bonos 10% MXN 05/12/2024
Morgan Stanley 144A 11.5% BRL 22/10/2020
Nigeria Government Bond 7% NGN 23/10/2019
Nigeria Government Bond 15.1% NGN 27/04/2017
Peru Government Bond 7.84% PEN 12/08/2020
Philippine Government International Bond 3.9% PHP 26/11/2022
Poland Government Bond 5.25% PLN 25/10/2017
Romania Government Bond 5.75% RON 27/01/2016
Romania Government Bond 5.85% RON 26/04/2023
RusHydro JSC via RusHydro Finance Ltd 7.875% RUB 28/10/2015
Russian Federal Bond - OFZ 6.8% RUB 11/12/2019
Russian Railways via RZD Capital Plc 8.3% RUB 02/04/2019
Sinochem Offshore Capital Co Ltd 1.8% CNY 18/01/2014
South Africa Government Bond 6.25% ZAR 31/03/2036
79
Invesco Funds
380,000,000
10,000,000
90,000,000,000
80,000,000,000
30,000,000,000
52,500,000
6,834,000
46,650,000
16,500,000
25,000,000
856,000,000
20,594,000,000
16,933,000,000
11,000,000
4,398,000,000
19,900,000
159,100,000
21,300,000,000
32,300,000,000
208,800,000
4,090,700,000
2,820,000,000
2,587,400,000
111,500,000,000
47,000,000,000
70,000,000,000
48,100,000
28,910,000
7,930,000
273,460,000
221,300,000
323,000,000
207,000,000
227,100,000
10,000,000
1,000,000,000
1,280,000,000
650,000,000
37,500,000
24,968,000
20,000,000
105,000,000
25,000,000
122,000,000
28,592,000
34,800,000
21,200,000
65,625,000
108,535,000
45,210,000
39,900,000
18,760,000
453,100,000
50,000,000
426,257,000
973,500,000
483,200,000
444,000,000
12,000,000
85,030,000
140,000,000
11,119,188
3,834,598
8,646,716
7,938,747
3,050,673
21,663,732
2,698,570
17,498,878
7,448,157
12,000,338
5,042,827
9,811,282
9,860,835
4,172,833
1,959,313
8,424,838
3,617,950
1,988,857
2,789,209
6,216,505
18,797,581
13,366,429
12,045,808
8,730,286
4,077,486
6,145,604
14,810,544
8,866,905
2,479,557
20,832,359
17,860,906
27,008,334
17,630,819
22,015,965
4,090,182
4,511,590
8,205,280
4,548,132
15,049,219
10,724,824
8,077,695
2,318,947
591,532
2,966,405
9,414,835
11,499,863
6,837,556
21,981,399
36,873,630
14,930,584
12,253,602
5,852,993
13,506,041
1,482,554
13,110,175
29,926,815
14,879,711
13,477,684
1,946,818
5,965,311
12,633,348
1.20
0.41
0.93
0.86
0.33
2.33
0.29
1.89
0.80
1.29
0.54
1.06
1.06
0.45
0.21
0.91
0.39
0.21
0.30
0.67
2.03
1.44
1.30
0.94
0.44
0.66
1.60
0.96
0.27
2.25
1.92
2.91
1.90
2.37
0.44
0.49
0.88
0.49
1.62
1.16
0.87
0.25
0.06
0.32
1.01
1.24
0.74
2.37
3.97
1.61
1.32
0.63
1.46
0.16
1.41
3.23
1.60
1.45
0.21
0.64
1.36

Nominal/Shares
Market Value
USD
Net Assets
%
279,970,000
48,200,000
263,420,000
333,300,000
300,000,000
1,253,765,000
175,000,000
90,000,000
20,430,000
38,300,000
6,637,000
26,100,000
29,616,000
28,640,000
26,388,855
4,822,059
29,831,521
9,116,255
9,043,655
37,562,537
5,443,918
2,861,801
10,661,797
24,575,491
2,864,627
12,509,700
14,988,375
14,265,871
2.84
0.52
3.22
0.98
0.97
4.05
0.59
0.31
1.15
2.65
0.31
1.35
1.62
1.54
TOTAL BONDS
837,045,816
90.21

837,045,816
90.21
4,708,533
14,358,699
12,382,930
12,054,355
14,980,098
6,239,387
6,611,568
3,890,402
4,303,127
0.51
1.55
1.34
1.30
1.61
0.67
0.71
0.42
0.46
TOTAL BONDS
79,529,099
8.57
79,529,099
8.57
916,574,915
98.78
Investment
BONDS (continued)
Thailand Government Bond 1.25% THB 12/03/2028
Turkey Government Bond 3% TRY 23/02/2022
Turkey Government Bond 7.1% TRY 08/03/2023

BONDS
Citigroup Funding Inc 6.25% IDR 17/04/2017
Nigeria Treasury Bill 0% NGN 09/01/2014
54,300,000,000
48,000,000
41,200,000
41,650,000
49,640,000
20,100,000
21,492,000
700,000,000
735,500,000
Total Investments
80
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
Reinsurance Group of America Inc (Preferred)
Wells Fargo & Co (Preferred)
10,000
36,000
TOTAL EQUITIES
BONDS
ABN AMRO Bank NV FRN USD 13/09/2022
Achmea BV 6% EUR Perpetual
Advance Auto Parts Inc 5.75% USD 01/05/2020
Agence Francaise de Developpement FRN EUR Perpetual
American Tower Corp 3.5% USD 31/01/2023
Bank of China Hong Kong Ltd 5.55% USD 11/02/2020
Bank of New York Mellon Corp FRN USD Perpetual
Bankia SA 4.875% EUR 31/03/2014
Barrick Gold Corp 5.25% USD 01/04/2042
BG Energy Capital Plc FRN GBP 30/11/2072
BG Energy Capital Plc FRN USD 30/11/2072
BNP Paribas Fortis SA FRN EUR Perpetual
Centrais Eletricas Brasileiras SA 5.75% USD 27/10/2021
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA FRN USD Perpetual
Empresa Nacional del Petroleo 5.25% USD 10/08/2020
General Electric Capital Corp FRN USD 15/11/2067
HSBC Bank Brasil SA - Banco Multiplo 4% USD 11/05/2016
HSBC Capital Funding LP FRN GBP Perpetual
Hutchison Whampoa Europe Finance 13 Ltd FRN EUR Perpetual
ING Bank NV FRN GBP 30/05/2023
JPMorgan Chase & Co FRN USD Perpetual
MDC Holdings Inc 6% USD 15/01/2043
Noble Group Ltd 6.75% USD 29/01/2020
Nordea Bank AB FRN USD Perpetual
Petrobras Argentina SA 5.875% USD 15/05/2017
Rabobank Capital Funding Trust IV FRN GBP Perpetual
Reliance Holdings USA Inc 5.4% USD 14/02/2022
Russian Agricultural Bank OJSC Via RSHB Capital SA 5.298% USD 27/12/2017
Standard Chartered Bank FRN GBP Perpetual
81
Invesco Funds
1,000,000
400,000
500,000
900,000
200,000
1,000,000
1,000,000
300,000
100,000
500,000
500,000
1,100,000
1,000,000
600,000
1,250,000
1,600,000
100,000
250,000
100,000
300,000
500,000
500,000
1,000,000
1,500,000
500,000
700,000
100,000
1,250,000
400,000
500,000
1,400,000
750,000
450,000
50,000
50,000
250,000
350,000
1,000,000
150,000
650,000
1,100,000
1,000,000
100,000
250,000
500,000
750,000
100,000
950,000
350,000
550,000
1,000,000
1,200,000
700,000
240,400
873,360
0.51
1.87
1,113,760
2.38
1,070,118
533,792
525,962
1,182,043
180,252
1,328,572
1,070,402
269,250
135,244
408,875
838,290
1,170,244
1,314,224
561,000
1,329,493
1,726,733
148,012
373,318
185,058
467,252
679,441
500,400
1,455,353
1,591,875
398,359
721,013
136,634
1,664,262
671,632
620,095
1,473,500
993,891
658,711
85,575
55,179
218,184
538,487
1,005,000
198,798
698,890
1,608,680
1,040,000
154,875
244,242
507,410
1,002,079
161,639
1,007,124
524,894
772,284
1,675,805
1,290,033
957,590
2.29
1.14
1.13
2.53
0.39
2.84
2.29
0.58
0.29
0.88
1.79
2.50
2.81
1.20
2.85
3.70
0.32
0.80
0.40
1.00
1.45
1.07
3.12
3.41
0.85
1.54
0.29
3.56
1.44
1.33
3.15
2.13
1.41
0.18
0.12
0.47
1.15
2.15
0.43
1.50
3.44
2.23
0.33
0.52
1.09
2.14
0.35
2.16
1.12
1.65
3.59
2.76
2.05

Nominal/Shares
Market Value
USD
Net Assets
%
1,350,000
1,250,000
500,000
200,000
100,000
1,248,403
1,339,531
480,549
258,906
154,457
2.67
2.87
1.03
0.55
0.33
TOTAL BONDS
43,611,914
93.36

44,725,674
95.74
Total Investments
44,725,674
95.74
Investment
BONDS (continued)
Turkiye Is Bankasi 3.875% USD 07/11/2017
Virgin Media Secured Finance Plc 5.5% GBP 15/01/2021
82
Invesco Funds

Nominal/Shares
Investment
Market Value
GBP
Net Assets
%
BONDS
BBVA International Preferred SAU FRN GBP Perpetual
Eksportfinans ASA 3% USD 17/11/2014
ING Groep NV 8% EUR Perpetual
KBC Bank NV 8% EUR Perpetual
LBG Capital No.2 Plc 11.25% GBP 14/09/2023
National Westminster Bank Plc 11.5% GBP Perpetual
Pearl Group Holdings No 1 Ltd 6.586% GBP Perpetual
Santander Finance Preferred SAU FRN GBP Perpetual
Societe Generale SA FRN GBP Perpetual
253,517
213,812
64,588
41,101
177,641
88,948
88,394
58,115
128,875
35,700
170,703
54,021
156,284
90,554
88,220
209,955
61,533
129,137
193,531
161,213
58,858
271,663
6.30
5.31
1.61
1.02
4.42
2.21
2.20
1.44
3.20
0.89
4.24
1.34
3.88
2.25
2.19
5.22
1.53
3.21
4.81
4.01
1.46
6.75
TOTAL BONDS
2,796,363
69.49

2,796,363
69.49
3,168
0.08
TOTAL OPTIONS
3,168
0.08
3,168
0.08
2,799,531
69.57

OPTIONS
JP Morgan Gbp Put/Usd Call Option Strike 1.5 20/02/2014
Total Investments
83
Invesco Funds
250,000
250,000
100,000
50,000
200,000
100,000
100,000
50,000
100,000
42,500
200,000
70,000
150,000
85,000
100,000
200,000
50,000
200,000
300,000
250,000
100,000
500,000
400,000

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
Aabar Investments PJSC 4% EUR 27/05/2016
Abengoa SA 6.25% EUR 17/01/2019
Banco Bilbao Vizcaya Argentaria SA FRN USD Perpetual
Bundesrepublik Deutschland 2% EUR 04/01/2022
Bundesschatzanweisungen 0% EUR 13/06/2014
Electricite de France SA FRN USD Perpetual
GDF Suez FRN EUR Perpetual
Koninklijke KPN NV FRN GBP 14/03/2073
Microsoft Corp 2.625% EUR 02/05/2033
Peabody Energy Corp 4.75% USD 15/12/2041
Royal Bank of Scotland Group Plc 5.25% EUR Perpetual
UBS AG FRN 4.28% EUR Perpetual
UBS AG FRN 7.152% EUR Perpetual
United States Treasury Note/Bond 3% USD 15/05/2042
United States Treasury Strip Principal 0% USD 15/11/2041
1,103,000
4,947,400
2,088,450
971,195
496,413
1,041,742
1,638,633
2,030,110
2,543,651
2,002,821
7,951,533
9,882,888
6,878,842
4,530,026
3,101,690
1,057,693
12,609,725
999,086
2,114,173
4,251,860
2,052,040
5,028,213
1,995,428
3,009,928
517,500
2,901,360
1,191,391
3,097,500
3,090,000
758,452
1,000,670
2,751,438
844,645
2,228,776
3,284,463
73,250
2,330,580
906,203
1,084,309
1,970,500
1,458,087
1,005,270
220,750
2,065,351
692,359
2,064,861
1,242,151
1,860,393
8,906,543
2,626,868
3,747,712
0.74
3.33
1.41
0.65
0.34
0.70
1.10
1.37
1.71
1.35
5.36
6.66
4.63
3.05
2.09
0.71
8.49
0.67
1.42
2.86
1.38
3.39
1.34
2.03
0.35
1.96
0.80
2.09
2.08
0.51
0.67
1.85
0.57
1.50
2.21
0.05
1.57
0.61
0.73
1.33
0.98
0.68
0.15
1.39
0.47
1.39
0.84
1.25
6.00
1.77
2.53
TOTAL BONDS
138,247,922
93.11

138,247,922
93.11
Total Investments
138,247,922
93.11
84
Invesco Funds
1,000,000
5,800,000
2,000,000
1,000,000
478,000
1,000,000
2,200,000
2,500,000
3,320,000
2,000,000
8,000,000
10,000,000
7,000,000
4,500,000
3,000,000
1,000,000
13,000,000
1,000,000
2,000,000
6,000,000
2,000,000
5,000,000
2,000,000
3,000,000
500,000
2,800,000
1,000,000
3,000,000
3,000,000
1,000,000
1,000,000
3,000,000
850,000
3,780,000
3,500,000
100,000
3,000,000
800,000
1,429,000
2,000,000
1,500,000
1,000,000
200,000
2,000,000
1,000,000
3,000,000
2,000,000
3,000,000
14,000,000
4,000,000
15,000,000

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
BONDS
Abu Dhabi National Energy Co 2.5% USD 12/01/2018
Access Finance BV 7.25% USD 25/07/2017
ADCB Finance Cayman Ltd 4.5% USD 06/03/2023
Ajecorp BV 6.5% USD 14/05/2022
Akbank TAS 6.5% USD 09/03/2018
Alicorp SAA 3.875% USD 20/03/2023
Alpek SA de CV 5.375% USD 08/08/2023
America Movil SAB de CV 3.125% USD 16/07/2022
America Movil SAB de CV 6.45% MXN 05/12/2022
Anadolu Efes Biracilik Ve Malt Sanayii AS 3.375% USD 01/11/2022
Andrade Gutierrez International SA 4% USD 30/04/2018
Arcos Dorados BV 7.5% USD 01/10/2019
Banco Bradesco SA 5.75% USD 01/03/2022
Banco Bradesco SA 5.9% USD 16/01/2021
Banco Davivienda SA 2.95% USD 29/01/2018
Banco Davivienda SA 5.875% USD 09/07/2022
Banco de Bogota SA 5% USD 15/01/2017
Banco de Credito del Peru FRN USD 24/04/2027
Banco GNB Sudameris SA 3.875% USD 02/05/2018
Banco Internacional del Peru SAA 5.75% USD 07/10/2020
Banco Santander Mexico SA 4.125% USD 09/11/2022
Bank of Ceylon 6.875% USD 03/05/2017
BBVA Bancomer SA 6.5% USD 10/03/2021
BBVA Bancomer SA 6.75% USD 30/09/2022
BDO Unibank Inc 3.875% USD 22/04/2016
Bestgain Real Estate Ltd 2.625% USD 13/03/2018
Bharti Airtel International Netherlands BV 5.125% USD 11/03/2023
Cementos Pacasmayo SAA 4.5% USD 08/02/2023
Cencosud SA 4.875% USD 20/01/2023
Cencosud SA 5.5% USD 20/01/2021
Colombia Telecomunicaciones SA ESP 5.375% USD 27/09/2022
Controladora Mabe SA de CV 7.875% USD 28/10/2019
Corp Nacional del Cobre de Chile 3% USD 17/07/2022
Corp Nacional del Cobre de Chile 4.5% USD 13/08/2023
Cosan Luxembourg SA 5% USD 14/03/2023
Cosan Luxembourg SA 9.5% BRL 14/03/2018
Costa Rica Government International Bond 5.625% USD 30/04/2043
Country Garden Holdings Co Ltd 7.5% USD 10/01/2023
Croatia Government International Bond 5.5% USD 04/04/2023
DBS Bank Ltd FRN USD 21/09/2022
Development Bank of Kazakhstan JSC 4.125% USD 10/12/2022
Dolphin Energy Ltd 5.5% USD 15/12/2021
Dubai Electricity & Water Authority 7.375% USD 21/10/2020
Emirate of Dubai Government International Bonds 5.25% USD 30/01/2043
Empresa de Telecomunicaciones de Bogota 7% COP 17/01/2023
Export-Import Bank of Malaysia Bhd 2.875% USD 14/12/2017
Fomento Economico Mexicano SAB de CV 2.875% USD 10/05/2023
Fomento Economico Mexicano SAB de CV 4.375% USD 10/05/2043
Fufeng Group Ltd 7.625% USD 13/04/2016
Gazprom Neft OAO Via GPN Capital SA 4.375% USD 19/09/2022
Gazprom OAO Via Gaz Capital SA 6.51% USD 07/03/2022
GeoPark Latin America Ltd Agencia en Chile 7.5% USD 11/02/2020
Globo Comunicacao e Participacoes SA 6.25% USD Perpetual
Golden Eagle Retail Group Ltd 4.625% USD 21/05/2023
Grupo Aval Ltd 4.75% USD 26/09/2022
Grupo Bimbo SAB de CV 4.5% USD 25/01/2022
Grupo KUO SAB De CV 6.25% USD 04/12/2022
GTB Finance B.V. 7.5% USD 19/05/2016
Hongkong Land Finance Cayman Island Co Ltd 4.5% USD 01/06/2022
ICICI Bank Ltd 4.7% USD 21/02/2018
Indosat Palapa Co BV 7.375% USD 29/07/2020
Industrial Senior Trust 5.5% USD 01/11/2022
Inversiones CMPC SA 4.5% USD 25/04/2022
85
Invesco Funds
300,000
700,000
400,000
1,800,000
2,800,000
2,625,000
1,040,000
2,500,000
3,000,000
1,000,000
27,500,000
3,000,000
1,400,000
1,986,000
1,600,000
1,200,000
1,000,000
1,500,000
1,850,000
1,210,000
1,000,000
1,520,000
4,200,000
2,400,000
1,690,000
2,300,000
932,000
2,000,000
2,500,000
350,000
300,000
2,500,000
2,000,000
920,000
2,250,000
2,600,000
500,000
1,500,000
1,600,000
4,000,000
340,000
3,150,000
900,000
1,600,000
1,900,000
2,400,000
700,000
400,000
2,190,000,000
200,000
900,000
1,300,000
1,500,000
800,000
400,000
2,135,000
3,450,000
2,650,000
2,100,000
500,000
500,000
1,800,000
400,000
400,000
200,000
500,000
1,150,000
2,355,000
1,500,000
300,000
292,620
641,938
435,087
1,779,960
2,674,912
2,604,000
1,062,100
2,256,250
2,926,768
902,670
1,937,028
2,377,848
1,302,000
2,115,090
1,514,400
1,164,000
932,500
1,421,250
1,913,825
1,194,875
922,500
1,542,800
3,816,751
2,373,000
1,723,800
2,358,650
937,627
1,857,314
2,137,500
131,288
135,422
2,200,000
1,848,585
927,160
1,996,875
2,859,999
445,441
1,473,970
1,408,000
1,517,394
289,850
2,905,874
862,653
1,625,541
1,708,246
2,574,000
786,625
321,148
975,646
201,192
802,274
1,071,894
1,485,000
720,536
417,800
2,129,663
3,639,750
2,111,304
1,795,756
441,250
502,528
1,804,500
422,924
403,103
211,000
526,250
1,122,311
2,493,355
1,362,000
280,820
0.16
0.35
0.24
0.97
1.45
1.42
0.58
1.23
1.59
0.49
1.05
1.29
0.71
1.15
0.82
0.63
0.51
0.77
1.04
0.65
0.50
0.84
2.07
1.29
0.94
1.28
0.51
1.01
1.16
0.07
0.08
1.20
1.01
0.50
1.09
1.56
0.24
0.81
0.77
0.82
0.16
1.59
0.47
0.88
0.93
1.40
0.42
0.17
0.53
0.11
0.44
0.58
0.81
0.39
0.23
1.16
1.98
1.15
0.98
0.24
0.27
0.98
0.23
0.22
0.11
0.29
0.61
1.36
0.74
0.15

Investment
Nominal/Shares
Market Value
USD
Net Assets
%
250,000
1,950,000
250,000
330,000
530,000
230,000
2,400,000
2,500,000
1,000,000
550,000
250,000
2,200,000
1,200,000
1,000,000
3,000,000
2,500,000
500,000
1,700,000
250,000
800,000
850,000
2,200,000
500,000
12,600,000
1,800,000
2,000,000
3,000,000
200,000
150,000
752,800
1,700,000
2,000,000
450,000
400,000
2,000,000
7,500,000
2,300,000
2,200,000
300,000
1,000,000
1,200,000
2,000,000
2,100,000
1,000,000
2,900,000
2,000,000
300,000
2,800,000
500,000
1,700,000
1,000,000
430,000
2,150,000
2,400,000
500,000
1,600,000
800,000
1,200,000
1,050,000
1,100,000
1,420,000
220,000
1,800,000
266,406
1,725,750
240,101
295,739
432,466
228,067
2,171,373
2,234,022
1,155,920
529,119
246,382
2,158,200
1,093,242
851,083
2,968,008
2,243,750
407,500
1,258,000
173,750
728,000
783,949
1,961,197
448,750
993,152
1,615,500
1,958,609
2,854,998
146,000
133,125
756,564
1,542,750
1,953,937
477,019
401,053
2,011,218
226,900
1,960,750
2,149,472
254,739
1,008,424
1,202,975
1,730,000
1,957,308
162,235
3,002,768
1,833,931
313,679
2,545,009
523,126
1,508,974
1,005,000
417,351
1,915,966
1,979,095
489,447
1,506,738
779,279
1,073,863
1,064,648
1,421,466
1,338,350
229,845
1,777,500
0.14
0.94
0.13
0.16
0.24
0.12
1.18
1.22
0.63
0.29
0.13
1.17
0.60
0.46
1.62
1.22
0.22
0.69
0.09
0.40
0.42
1.06
0.24
0.54
0.88
1.06
1.55
0.08
0.07
0.41
0.84
1.06
0.26
0.22
1.09
0.12
1.07
1.17
0.14
0.55
0.65
0.93
1.06
0.09
1.64
1.00
0.17
1.39
0.28
0.82
0.55
0.23
1.04
1.08
0.27
0.82
0.42
0.58
0.58
0.77
0.73
0.13
0.97
TOTAL BONDS
174,881,527
95.11

174,881,527
95.11
Total Investments
174,881,527
95.11
BONDS (continued)
IPIC GMTN Ltd 5.5% USD 01/03/2022
Itau Unibanco Holding SA 5.125% USD 13/05/2023
Kazakhstan Temir Zholy Finance BV 6.95% USD 10/07/2042
KazMunayGas National Co JSC 4.4% USD 30/04/2023
KazMunayGas National Co JSC 5.75% USD 30/04/2043
Longfor Properties Co Ltd 6.875% USD 18/10/2019
Medjool Ltd 3.875% USD 19/03/2023
MTS International Funding Ltd 5% USD 30/05/2023
MTS International Funding Ltd 8.625% USD 22/06/2020
National Bank of Abu Dhabi PJSC 3% USD 13/08/2019
National JSC Naftogaz of Ukraine 9.5% USD 30/09/2014
Odebrecht Offshore Drilling Finance Ltd 6.75% USD 01/10/2022
Oschadbank Via SSB #1 Plc 8.25% USD 10/03/2016
Oschadbank Via SSB #1 Plc 8.875% USD 20/03/2018
Oversea-Chinese Banking Corp Ltd FRN USD 11/03/2023
Pacific Rubiales Energy Corp 5.125% USD 28/03/2023
Pertamina Persero PT 4.3% USD 20/05/2023
Perusahaan Listrik Negara PT 5.25% USD 24/10/2042
Perusahaan Listrik Negara PT 5.5% USD 22/11/2021
Petrobras Global Finance BV 3% USD 15/01/2019
Petrobras Global Finance BV 4.375% USD 20/05/2023
Petroleos Mexicanos 3.5% USD 30/01/2023
Petroleos Mexicanos 7.65% MXN 24/11/2021
Petroleos Mexicanos Series REGS 3.5% USD 30/01/2023
Poly Real Estate Finance Ltd 4.5% USD 06/08/2018
Polyus Gold International Ltd 5.625% USD 29/04/2020
Provincia de Buenos Aires 10.875% USD 26/01/2021
Provincia de Buenos Aires 11.75% USD 05/10/2015
QGOG Atlantic / Alaskan Rigs Ltd 5.25% USD 30/07/2018
QGOG Constellation SA 6.25% USD 09/11/2019
Republic of Angola Via Northern Lights III BV 7% USD 16/08/2019
RHB Bank BHD 3.25% USD 11/05/2017
Russian Agricultural Bank OJSC Via RSHB Capital SA 5.1% USD 25/07/2018
Russian Agricultural Bank OJSC Via RSHB Capital SA 8.625% RUB 17/02/2017
Samarco Mineracao SA 4.125% USD 01/11/2022
Saudi Electricity Global Sukuk Co 4.211% USD 03/04/2022
Saudi Electricity Global Sukuk Co 2 5.06% USD 08/04/2043
Sberbank of Russia Via SB Capital SA 5.18% USD 28/06/2019
Sberbank of Russia Via SB Capital SA 5.717% USD 16/06/2021
Scotiabank Peru SA FRN USD 13/12/2027
Shimao Property Holdings Ltd 6.625% USD 14/01/2020
Sinochem Offshore Capital Co Ltd 1.8% CNY 18/01/2014
Sistema JSFC via Sistema International Funding SA 6.95% USD 17/05/2019
Sparkle Assets Ltd 6.875% USD 30/01/2020
Sri Lanka Government International Bond 7.4% USD 22/01/2015
State Oil Co of the Azerbaijan Republic 4.75% USD 13/03/2023
State Oil Co of the Azerbaijan Republic 5.45% USD 09/02/2017
Telefonica Chile SA 3.875% USD 12/10/2022
Transportadora de Gas Internacional SA ESP 5.7% USD 20/03/2022
Turkiye Halk Bankasi AS 4.875% USD 19/07/2017
Turkiye Is Bankasi 6% USD 24/10/2022
Turkiye Sise ve Cam Fabrikalari AS 4.25% USD 09/05/2020
Ukraine Government International Bond 9.25% USD 24/07/2017
Vale Overseas Ltd 4.375% USD 11/01/2022
VimpelCom Holdings BV 5.2% USD 13/02/2019
Vnesheconombank Via VEB Finance Plc 3.035% EUR 21/02/2018
Volcan Cia Minera SAA 5.375% USD 02/02/2022
VTB Bank OJSC Via VTB Capital SA 6% USD 12/04/2017
West China Cement Ltd 7.5% USD 25/01/2016

86
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
Abbey National Treasury Services Plc 1.75% EUR 15/01/2018
ABN AMRO Bank NV 4.25% EUR 11/04/2016
Achmea BV 6% EUR Perpetual
American International Group Inc 4.375% EUR 26/04/2016
Austria Government Bond 144A 3.5% EUR 15/07/2015
AXA SA 4.5% EUR 23/01/2015
Bankia SA 4.875% EUR 31/03/2014
BAT International Finance Plc 5.375% EUR 29/06/2017
BAT International Finance Plc 5.875% EUR 12/03/2015
BBVA Senior Finance SAU 3.25% EUR 21/03/2016
BG Energy Capital Plc FRN USD 30/11/2072
BP Capital Markets Plc 3.472% EUR 01/06/2016
British Telecommunications Plc 6.125% EUR 11/07/2014
CaixaBank 3.125% EUR 16/09/2013
Caterpillar International Finance Ltd 1.375% EUR 18/05/2015
Co-Operative Bank Plc 2.375% EUR 23/10/2015
Deutsche Telekom International Finance BV 5.875% EUR 10/09/2014
Dexia Credit Local SA 5.375% EUR 21/07/2014
Digital Stout Holding LLC 4.25% GBP 17/01/2025
F Van Lanschot Bankiers NV 2.875% EUR 17/10/2016
Finmeccanica Finance SA 8.125% EUR 03/12/2013
French Treasury Note BTAN 2.5% EUR 25/07/2016
GDF Suez 1.5% EUR 20/07/2017
Heathrow Finance Plc 5.375% GBP 02/09/2019
Heathrow Funding Ltd 3% GBP 08/06/2015
Heathrow Funding Ltd 4.6% EUR 30/09/2014
Heathrow Funding Ltd 4.6% EUR 15/02/2018
HSBC Finance Corp 4.5% EUR 14/06/2016
HSBC Finance Corp 6.25% GBP 19/08/2019
Hutchison Whampoa Finance 05 Ltd 4.125% EUR 28/06/2015
ING Groep NV 4% EUR 18/09/2013
Kutxabank SA 3% EUR 01/02/2017
Lloyds Banking Group Plc 5.875% EUR 08/07/2014
Mapfre SA 5.125% EUR 16/11/2015
Nationwide Building Society 3.75% EUR 20/01/2015
87
Invesco Funds
300,000
100,000
300,000
100,000
200,000
100,000
400,000
100,000
100,000
150,000
150,000
400,000
600,000
700,000
200,000
150,000
100,000
1,000,000
1,100,000
1,500,000
500,000
1,600,000
200,000
500,000
1,000,000
150,000
200,000
500,000
100,000
100,000
500,000
200,000
100,000
400,000
100,000
300,000
25,000
400,000
300,000
750,000
300,000
100,000
100,000
150,000
200,000
100,000
200,000
150,000
100,000
150,000
300,000
600,000
750,000
300,000
500,000
400,000
500,000
250,000
100,000
300,000
250,000
150,000
250,000
200,000
300,000
297,551
107,748
302,388
107,504
211,930
105,092
411,885
102,153
104,138
173,275
161,884
406,473
652,896
747,707
160,711
160,228
104,767
974,665
1,093,336
1,539,138
513,032
1,655,428
201,334
537,821
998,138
150,150
202,695
486,139
101,436
81,515
469,580
223,594
105,433
411,317
111,152
352,925
27,482
399,834
305,151
790,001
303,988
118,273
120,591
156,058
224,565
139,077
217,874
203,972
105,888
150,204
306,020
612,751
762,803
312,621
532,039
409,420
516,976
304,517
131,952
316,727
267,518
155,853
243,216
210,917
340,817
0.84
0.30
0.85
0.30
0.60
0.30
1.16
0.29
0.29
0.48
0.46
1.15
1.84
2.11
0.45
0.45
0.30
2.75
3.08
4.33
1.45
4.66
0.57
1.52
2.81
0.42
0.57
1.37
0.29
0.23
1.32
0.63
0.30
1.15
0.31
0.99
0.08
1.13
0.86
2.23
0.86
0.33
0.34
0.44
0.63
0.39
0.62
0.58
0.30
0.42
0.86
1.73
2.15
0.88
1.50
1.15
1.47
0.86
0.37
0.89
0.76
0.44
0.69
0.59
0.97

Nominal/Shares
Market Value
EUR
Net Assets
%
250,000
100,000
3,500,000
200,000
200,000
100,000
130,000
100,000
200,000
500,000
200,000
750,000
300,000
400,000
650,000
700,000
750,000
750,000
750,000
150,000
200,000
200,000
100,000
100,000
350,000
400,000
200,000
200,000
200,000
300,000
100,000
290,522
100,104
461,247
187,683
204,000
122,090
104,096
108,141
198,731
507,400
206,508
752,583
304,543
303,516
652,169
710,913
775,719
784,529
774,725
159,088
224,136
162,398
107,276
104,540
244,468
323,768
145,188
203,206
225,163
300,113
104,087
0.82
0.28
1.30
0.53
0.58
0.35
0.29
0.30
0.56
1.43
0.59
2.12
0.86
0.86
1.84
2.00
2.19
2.21
2.18
0.45
0.63
0.46
0.30
0.29
0.69
0.91
0.41
0.57
0.63
0.85
0.29
TOTAL BONDS
33,066,913
93.21

33,066,913
93.21
1,000,000
2.82
1,000,000
2.82
34,066,913
96.03
Investment
BONDS (continued)
Rexel SA 5.125% EUR 15/06/2020
Sampo 4.25% EUR 27/02/2017
Sanofi Emtn 1.875% EUR 04/09/2020
Santander Consumer Finance SA 3.25% EUR 20/06/2014
Securitas AB 2.75% EUR 28/02/2017
SNS Bank NV 4.625% EUR 18/02/2014
Spain Government Bond 4% EUR 30/07/2015
Standard Chartered Bank 5.875% EUR 26/09/2017
Svenska Cellulosa AB 3.625% EUR 26/08/2016
Swiss Re Treasury US Corp 7% EUR 19/05/2014
Turkiye Is Bankasi 3.875% USD 07/11/2017
UniCredit Bank AG 6% EUR 05/02/2014
Vodafone Group Plc 6.25% EUR 15/01/2016
Xstrata Finance Dubai Ltd 1.75% EUR 19/05/2016
Zurich Finance USA Inc 4.5% EUR 17/09/2014
OPEN-ENDED FUNDS
Total Investments
88
Invesco Funds
1,000,000

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
BONDS
Astra Sedaya Finance PT 6.65% IDR 22/10/2013
Bank of East Asia Ltd FRN USD 04/05/2022
Big Will Investments Ltd 10.875% USD 29/04/2016
CapitaLand Ltd 2.875% SGD 03/09/2016
CapitaLand Treasury Ltd 4.3% SGD 31/08/2020
Champion MTN Ltd 3.75% USD 17/01/2023
Cheung Kong Bond Securities Ltd 5.125% SGD Perpetual
China Government Bond 1.4% CNY 18/08/2016
CITIC Securities Finance 2013 Co Ltd 2.5% USD 03/05/2018
CNOOC Finance 2012 Ltd 5% USD 02/05/2042
Doosan Infracore Co Ltd 4.5% USD 23/11/2016
Export-Import Bank Korea 5.1% INR 29/10/2013
Export-Import Bank of India 4% USD 14/01/2023
Export-Import Bank of Korea 5.5% INR 22/10/2013
Gemdale Asia Holding Ltd 5.625% CNY 21/03/2018
Genting Singapore Plc 5.125% SGD Perpetual
Hong Kong Government Bond Programme FRN HKD 28/07/2014
Hong Kong Government Bond Programme FRN HKD 22/06/2015
Hutchison Whampoa International 11 Ltd 4.625% USD 13/01/2022
ICICI Bank Ltd 3.65% SGD 14/01/2020
ICICI Bank Ltd 5.75% USD 16/11/2020
Indonesia Government International Bond 3.375% USD 15/04/2023
Indonesia Treasury Bond 9.5% IDR 15/06/2015
Kaisa Group Holdings Ltd 6.875% CNY 22/04/2016
Mongolia Government International Bond 5.125% USD 05/12/2022
Pertamina Persero PT 6% USD 03/05/2042
PHBS Ltd 6.625% USD Perpetual
Philippine Government International Bond 9.5% USD 02/02/2030
POSCO 8.75% USD 26/03/2014
Shimao Property Holdings Ltd 11% USD 08/03/2018
Singapore Airlines Ltd 3.22% SGD 09/07/2020
Sinopec Capital 2013 Ltd 1.875% USD 24/04/2018
Sun Hung Kai Properties Capital Market Ltd 3.23% HKD 10/01/2023
Wharf Finance No 1 Ltd 4% CNY 27/03/2018
Zhongsheng Group Holdings Ltd 4.75% CNY 21/04/2014
456,882
434,501
537,104
603,364
197,483
849,416
536,975
313,035
308,876
236,485
191,534
1,112,500
320,453
402,681
202,499
442,826
376,738
927,633
347,547
198,828
308,428
368,556
486,652
201,525
182,500
315,382
472,458
398,486
456,392
460,061
469,021
318,000
163,000
296,000
309,000
321,475
968,320
778,073
429,570
301,250
312,667
233,013
673,121
194,662
290,060
359,861
249,496
237,290
273,515
898,793
493,680
322,444
1.89
1.79
2.22
2.49
0.82
3.51
2.22
1.29
1.28
0.98
0.79
4.60
1.32
1.66
0.84
1.83
1.56
3.83
1.44
0.82
1.27
1.52
2.01
0.83
0.75
1.30
1.96
1.65
1.88
1.90
1.94
1.31
0.67
1.22
1.28
1.32
4.00
3.21
1.77
1.24
1.29
0.96
2.78
0.80
1.20
1.48
1.03
0.98
1.13
3.71
2.04
1.33
TOTAL BONDS
21,540,111
88.94

21,540,111
88.94
89
Invesco Funds
5,000,000,000
400,000
500,000
750,000
250,000
1,000,000
750,000
2,000,000
2,000,000
250,000
200,000
1,000,000
300,000
27,000,000
250,000
30,000,000
2,500,000
1,250,000
2,650,000
1,500,000
300,000
500,000
500,000
250,000
250,000
300,000
5,000,000,000
2,500,000
500,000
1,500,000
1,500,000
400,000
200,000
400,000
400,000
385,000
1,000,000
32,000,000
300,000
200,000
300,000
250,000
600,000
250,000
300,000
400,000
300,000
2,000,000
10,000,000
30,000,000
3,000,000
2,000,000

Nominal/Shares
Market Value
USD
Net Assets
%
21,540,111
88.94
392,334
255,286
243,114
1.62
1.05
1.00
TOTAL BONDS
890,734
3.67
890,734
3.67
408,528
1.69
408,528
1.69
22,839,373
94.30
Investment

BONDS
BNP Paribas SA 3.05% HKD 30/09/2014
Hysan MTN Ltd 3.9% HKD 08/03/2019
Wheelock Finance Ltd 4.2% HKD 13/09/2022
3,000,000
2,000,000
2,000,000
MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE

41.1H OF THE LAW OF 17 DECEMBER 2010
Wing Lung Bank C/D CNY 08/10/2013
TOTAL MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE
Total Investments
90
Invesco Funds
2,500,000

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
General Motors Co (Preferred)
Goldman Sachs Group Inc (Preferred)
Goodyear Tire & Rubber Co (Preferred)
Royal Bank of Scotland Group Plc (Preferred)
Wells Fargo & Co (Preferred)
Zions Bancorporation Series G (Preferred)
Zions Bancorporation Series H (Preferred)
5,000
4,220
1,100
2,000
10,780
8,665
2,000
TOTAL EQUITIES
BONDS
Access Midstream Partners LP / ACMP Finance Corp 5.875% USD 15/04/2021
Access Midstream Partners LP / ACMP Finance Corp 6.125% USD 15/07/2022
Actuant Corp 5.625% USD 15/06/2022
AES Corp 7.375% USD 01/07/2021
AES Corp 8% USD 15/10/2017
AG Spring Finance II Ltd 9.5% EUR 01/06/2019
Air Lease Corp 4.75% USD 01/03/2020
Air Lease Corp 5.625% USD 01/04/2017
Aircastle Ltd 6.75% USD 15/04/2017
Aircastle Ltd 7.625% USD 15/04/2020
Ally Financial Inc 7.5% USD 15/09/2020
Ally Financial Inc 8% USD 15/03/2020
America West Airlines 2001-1 Pass Through Trust 7.1% USD 02/04/2021
American Axle & Manufacturing Inc 6.25% USD 15/03/2021
American Axle & Manufacturing Inc 6.625% USD 15/10/2022
AmeriGas Finance LLC 7% USD 20/05/2022
Amkor Technology Inc 6.625% USD 01/06/2021
Amkor Technology Inc 7.375% USD 01/05/2018
Anixter Inc 5.625% USD 01/05/2019
Atwood Oceanics Inc 6.5% USD 01/02/2020
Avaya Inc 144A 9% USD 01/04/2019
Avis Budget Car Rental LLC 8.25% USD 15/01/2019
Avis Budget Car Rental LLC 9.75% USD 15/03/2020
Avis Budget Finance Plc 6% EUR 01/03/2021
B/E Aerospace Inc 5.25% USD 01/04/2022
Bakkavor Finance 2 Plc 8.25% GBP 15/02/2018
Beazer Homes USA Inc 9.125% USD 15/06/2018
Berry Petroleum Co 6.375% USD 15/09/2022
Biomet Inc 6.5% USD 01/08/2020
Biomet Inc 6.5% USD 01/10/2020
Boise Cascade Co 6.375% USD 01/11/2020
Bombardier Inc 6.125% USD 15/01/2023
Bombardier Inc 7.75% USD 15/03/2020
Bonanza Creek Energy Inc 6.75% USD 15/04/2021
Boyd Gaming Corp 9% USD 01/07/2020
Boyd Gaming Corp 9.125% USD 01/12/2018
Bristow Group Inc 6.25% USD 15/10/2022
Cabot Financial Luxembourg SA 10.375% GBP 01/10/2019
Caesars Entertainment Operating Co Inc 9% USD 15/02/2020
Caesars Entertainment Operating Co Inc 10% USD 15/12/2015
Caesars Entertainment Operating Co Inc Series * 9% USD 15/02/2020
Cascades Inc 7.875% USD 15/01/2020
Case New Holland Inc 7.875% USD 01/12/2017
CCO Holdings LLC 5.125% USD 15/02/2023
Cemex SAB de CV 5.875% USD 25/03/2019
Central European Media Enterprises Ltd 11.625% EUR 15/09/2016
Central Garden and Pet Co 8.25% USD 01/03/2018
Chaparral Energy Inc 7.625% USD 15/11/2022
Chaparral Energy Inc 8.25% USD 01/09/2021
Chemtura Corp 5.75% USD 15/07/2021
Chesapeake Energy Corp 6.125% USD 15/02/2021
Chesapeake Energy Corp 6.625% USD 15/08/2020
91
Invesco Funds
554,000
80,000
235,000
587,000
7,000
200,000
183,000
250,000
50,000
557,000
480,000
242,000
51,520
200,000
30,000
548,000
430,000
221,000
35,000
85,000
250,000
75,000
30,000
115,000
305,000
200,000
295,000
317,000
190,000
150,000
150,000
60,000
105,000
253,000
336,000
280,000
695,000
100,000
300,000
25,000
10,000
215,000
50,000
80,000
500,000
50,000
40,000
270,000
26,000
425,000
345,000
257,000
200,000
244,325
95,414
65,357
45,570
261,523
212,769
43,760
0.35
0.14
0.10
0.07
0.38
0.31
0.06
968,718
1.41
570,620
82,600
237,056
644,233
8,085
260,816
183,458
268,750
53,125
619,662
541,799
277,998
53,838
204,500
30,825
582,249
425,700
233,708
36,313
91,375
241,250
81,938
34,500
156,633
302,713
324,767
311,963
317,000
194,750
150,375
155,625
59,400
117,075
258,693
361,200
306,250
714,980
175,076
288,750
21,813
9,625
226,825
57,750
72,200
485,000
70,071
38,900
272,700
27,235
422,875
359,663
276,918
218,250
0.83
0.12
0.35
0.95
0.01
0.38
0.27
0.39
0.08
0.90
0.80
0.41
0.08
0.30
0.05
0.85
0.62
0.34
0.05
0.13
0.35
0.12
0.05
0.23
0.44
0.47
0.46
0.46
0.28
0.22
0.23
0.09
0.17
0.38
0.53
0.45
1.04
0.26
0.42
0.03
0.01
0.33
0.08
0.11
0.71
0.10
0.06
0.40
0.04
0.62
0.53
0.40
0.32

Investment
BONDS (continued)
Cimarex Energy Co 5.875% USD 01/05/2022
Cinemark USA Inc 5.125% USD 15/12/2022
CIT Group Inc 5% USD 15/08/2022
CIT Group Inc 5.25% USD 15/03/2018
Citigroup Inc FRN USD Perpetual
CityCenter Holdings LLC 10.75% USD 15/01/2017
Clean Harbors Inc 5.125% USD 01/06/2021
Clean Harbors Inc 5.25% USD 01/08/2020
Clear Channel Worldwide Holdings Inc 6.5% USD 15/11/2022
Clear Channel Worldwide Holdings Inc 7.625% USD 15/03/2020
Columbus McKinnon Corp 7.875% USD 01/02/2019
Commercial Metals Co 4.875% USD 15/05/2023
Commercial Vehicle Group Inc 7.875% USD 15/04/2019
CONSOL Energy Inc 6.375% USD 01/03/2021
CONSOL Energy Inc 8.25% USD 01/04/2020
Constellation Brands Inc 6% USD 01/05/2022
Continental Airlines 2007-1 Class C Pass Through Trust 7.339% USD 19/04/2014
CoreLogic Inc 7.25% USD 01/06/2021
Cricket Communications Inc 7.75% USD 15/10/2020
Crosstex Energy LP 7.125% USD 01/06/2022
Cyrusone LP 6.375% USD 15/11/2022
Dana Holding Corp 5.375% USD 15/09/2021
Dana Holding Corp 6% USD 15/09/2023
DaVita HealthCare Partners Inc 5.75% USD 15/08/2022
DFS Furniture Holdings Plc 7.625% GBP 15/08/2018
Digicel Ltd 6% USD 15/04/2021
DISH DBS Corp 5.875% USD 15/07/2022
Dish Dbs Corp 5.125% USD 01/05/2020
DJO Finance LLC 7.75% USD 15/04/2018
DJO Finance LLC 9.75% USD 15/10/2017
DR Horton Inc 4.75% USD 15/02/2023
Dycom Investments Inc 7.125% USD 15/01/2021
eAccess Ltd 8.375% EUR 01/04/2018
Eagle Rock Energy Partners LP 8.375% USD 01/06/2019
Energy Transfer Equity LP 7.5% USD 15/10/2020
Equinix Inc 5.375% USD 01/04/2023
Equinix Inc 7% USD 15/07/2021
EV Energy Partners LP 8% USD 15/04/2019
EXCO Resources Inc 7.5% USD 15/09/2018
Ferrellgas LP 6.5% USD 01/05/2021
Ferro Corp 7.875% USD 15/08/2018
First Data Corp 144A 8.25% USD 15/01/2021
First Data Corp 11.25% USD 31/03/2016
First Data Corp 12.625% USD 15/01/2021
FMG Resources August 2006 Pty Ltd 6.375% USD 01/02/2016
FMG Resources August 2006 Pty Ltd 144A 8.25% USD 01/11/2019
Freescale Semiconductor Inc 8.05% USD 01/02/2020
Freescale Semiconductor Inc 10.75% USD 01/08/2020
FTI Consulting Inc 6.75% USD 01/10/2020
Gibraltar Industries 6.25% USD 01/02/2021
Goodyear Tire & Rubber Co 6.5% USD 01/03/2021
Greif Luxembourg Finance SCA 7.375% EUR 15/07/2021
Gulfmark Offshore Inc 6.375% USD 15/03/2022
H&E Equipment Services Inc 7% USD 01/09/2022
Halcon Resources Corp 8.875% USD 15/05/2021
Hartford Financial Services Group Inc FRN USD 15/06/2038
HCA Holdings Inc 6.25% USD 15/02/2021
HCA Inc 5.875% USD 15/03/2022
HCA Inc 5.875% USD 01/05/2023
Hellenic Petroleum Finance Plc 8% EUR 10/05/2017
Hertz Corp 5.875% USD 15/10/2020
Hertz Corp 6.75% USD 15/04/2019
Hertz Corp 7.375% USD 15/01/2021
92
Invesco Funds
Nominal/Shares
Market Value
USD
Net Assets
%
412,000
197,000
100,000
535,000
100,000
240,000
175,000
25,000
100,000
25,000
484,000
117,000
24,000
250,000
240,000
205,000
320,000
32,525
100,000
100,000
618,000
629,000
260,000
200,000
200,000
100,000
100,000
250,000
455,000
187,000
65,000
115,000
135,000
90,000
100,000
182,000
469,000
200,000
205,000
250,000
471,000
410,000
180,000
300,000
362,000
650,000
50,000
325,000
345,000
405,000
400,000
100,000
100,000
115,000
255,000
100,000
446,000
100,000
575,000
150,000
360,000
225,000
275,000
200,000
239,000
91,000
460,000
420,240
185,180
135,207
507,790
103,375
228,300
189,438
24,406
99,250
25,063
486,420
123,435
21,840
250,000
243,600
217,813
337,600
32,850
148,012
107,250
703,747
647,869
263,250
197,250
195,500
99,500
163,022
241,875
448,175
181,858
64,188
116,294
124,031
95,175
147,090
182,910
511,210
191,000
220,631
251,250
463,935
412,050
191,475
307,500
362,905
705,249
51,125
346,125
360,525
448,538
424,499
166,259
130,739
116,725
260,100
150,598
453,804
106,000
577,874
170,625
360,900
231,750
270,188
265,625
245,274
97,484
497,949
0.61
0.27
0.20
0.74
0.15
0.33
0.28
0.04
0.14
0.04
0.71
0.18
0.03
0.37
0.36
0.32
0.49
0.05
0.22
0.16
1.03
0.94
0.38
0.29
0.29
0.15
0.24
0.36
0.65
0.27
0.09
0.17
0.18
0.14
0.21
0.27
0.75
0.28
0.32
0.37
0.68
0.60
0.28
0.45
0.53
1.02
0.07
0.51
0.53
0.66
0.62
0.24
0.19
0.17
0.38
0.22
0.66
0.15
0.84
0.25
0.53
0.34
0.39
0.39
0.36
0.14
0.73

Investment
BONDS (continued)
Hughes Satellite Systems Corp 6.5% USD 15/06/2019
Hughes Satellite Systems Corp 7.625% USD 15/06/2021
Intelsat Jackson Holdings SA 7.25% USD 15/10/2020
Intelsat Jackson Holdings SA 7.5% USD 01/04/2021
Intelsat Luxembourg SA 144A 8.125% USD 01/06/2023
Interface Inc 7.625% USD 01/12/2018
International Lease Finance Corp 4.625% USD 15/04/2021
Intralot Finance Luxembourg SA 9.75% EUR 15/08/2018
Jefferies Finance LLC 144A 7.375% USD 01/04/2020
Jones Group Inc 6.875% USD 15/03/2019
K Hovnanian Enterprises Inc 6.25% USD 15/01/2016
KB Home 7.5% USD 15/09/2022
Key Energy Services Inc 6.75% USD 01/03/2021
Kleopatra Holdings 1 11% EUR 15/08/2017
Kratos Defense & Security Solutions Inc 10% USD 01/06/2017
KraussMaffei Group GmbH 8.75% EUR 15/12/2020
L Brands Inc 5.625% USD 15/02/2022
L Brands Inc 6.625% USD 01/04/2021
La Financiere Atalian SA 7.25% EUR 15/01/2020
Lennar Corp 6.95% USD 01/06/2018
Level 3 Communications Inc 8.875% USD 01/06/2019
Level 3 Communications Inc 11.875% USD 01/02/2019
Level 3 Financing Inc 7% USD 01/06/2020
Level 3 Financing Inc 8.125% USD 01/07/2019
Levi Strauss & Co 6.875% USD 01/05/2022
Levi Strauss & Co 7.625% USD 15/05/2020
Lin Television Corp 6.375% USD 15/01/2021
M/I Homes Inc 8.625% USD 15/11/2018
Manitowoc Co Inc 5.875% USD 15/10/2022
Manitowoc Co Inc 8.5% USD 01/11/2020
MarkWest Energy Partners LP 5.5% USD 15/02/2023
MarkWest Energy Partners LP 6.5% USD 15/08/2021
Mem Prod Part LP 7.625% USD 01/05/2021
Meritage Homes Corp 7% USD 01/04/2022
MetroPCS Wireless Inc 144A 6.25% USD 01/04/2021
MetroPCS Wireless Inc 6.625% USD 15/11/2020
MGM Resorts International 6.625% USD 15/12/2021
Michaels Stores Inc 7.75% USD 01/11/2018
Mobile Challenger Intermediate Group SA 8.75% CHF 15/03/2019
MPT Operating Partnership LP 6.875% USD 01/05/2021
Nara Cable Funding Ltd 8.875% USD 01/12/2018
Navios Maritime Acquisition Corp 8.625% USD 01/11/2017
Navistar International Corp 8.25% USD 01/11/2021
Newfield Exploration Co 6.875% USD 01/02/2020
Nortek Inc 8.5% USD 15/04/2021
Nortek Inc 10% USD 01/12/2018
NRG Energy Inc 7.625% USD 15/01/2018
NRG Energy Inc 7.875% USD 15/05/2021
Oasis Petroleum Inc 6.5% USD 01/11/2021
Outerwall Inc 144A 6% USD 15/03/2019
Peabody Energy Corp 6% USD 15/11/2018
Pendragon Plc 6.875% GBP 01/05/2020
PH Glatfelter Co 5.375% USD 15/10/2020
Pinnacle Entertainment Inc 7.5% USD 15/04/2021
93
Invesco Funds
Nominal/Shares
Market Value
USD
Net Assets
%
75,000
90,000
100,000
95,000
225,000
500,000
65,000
50,000
40,000
320,000
350,000
350,000
250,000
415,000
280,000
80,000
20,000
25,000
445,000
250,000
310,000
100,000
260,000
55,000
250,000
90,000
43,000
175,000
125,000
155,000
225,000
100,000
500,000
75,000
340,000
100,000
330,000
150,000
235,000
250,000
165,000
337,000
339,000
435,000
370,000
605,000
230,000
127,000
699,000
145,000
200,000
65,000
200,000
250,000
20,000
190,000
369,000
300,000
144,000
100,000
305,000
100,000
220,000
189,000
250,000
300,000
635,000
330,000
79,125
96,750
161,221
101,888
244,125
522,499
70,281
45,781
40,725
306,666
388,500
482,025
248,125
425,894
289,100
84,900
22,750
26,250
441,663
339,260
336,350
141,589
263,250
58,713
324,365
97,875
46,010
201,250
126,094
164,300
241,875
109,500
533,749
80,813
341,700
174,696
353,100
148,500
261,438
312,781
162,938
359,748
328,830
468,712
370,463
629,955
233,738
130,493
750,026
156,781
213,365
68,738
208,000
350,208
20,850
189,763
387,450
326,250
158,400
111,250
329,400
105,500
220,550
189,945
250,000
480,173
635,000
353,100
0.12
0.14
0.24
0.15
0.36
0.76
0.10
0.07
0.06
0.45
0.57
0.70
0.36
0.62
0.42
0.12
0.03
0.04
0.65
0.49
0.49
0.21
0.38
0.09
0.47
0.14
0.07
0.29
0.18
0.24
0.35
0.16
0.78
0.12
0.50
0.25
0.52
0.22
0.38
0.46
0.24
0.53
0.48
0.68
0.54
0.92
0.34
0.19
1.09
0.23
0.31
0.10
0.30
0.52
0.03
0.28
0.57
0.48
0.23
0.16
0.48
0.15
0.32
0.28
0.37
0.71
0.93
0.52

Investment
BONDS (continued)
Ply Gem Industries Inc 9.375% USD 15/04/2017
PolyOne Corp 7.375% USD 15/09/2020
Polypore International Inc 7.5% USD 15/11/2017
Portucel SA 5.375% EUR 15/05/2020
Post Holdings Inc 7.375% USD 15/02/2022
Precision Drilling Corp 6.5% USD 15/12/2021
Precision Drilling Corp 6.625% USD 15/11/2020
PVH Corp 4.5% USD 15/12/2022
QEP Resources Inc 5.25% USD 01/05/2023
QEP Resources Inc 5.375% USD 01/10/2022
R&R Pik Plc 9.25% EUR 15/05/2018
Range Resources Corp 5% USD 15/08/2022
Range Resources Corp 5.75% USD 01/06/2021
Regency Energy Partners LP 6.5% USD 15/07/2021
Regions Bank 6.45% USD 26/06/2037
Regions Financial Corp 7.375% USD 10/12/2037
Rent-A-Center Inc 6.625% USD 15/11/2020
Reynolds Group Issuer Inc 5.75% USD 15/10/2020
Reynolds Group Issuer Inc 7.125% USD 15/04/2019
Rosetta Resources Inc 5.625% USD 01/05/2021
Royal Bank of Scotland Group Plc 6.125% USD 15/12/2022
Royal Caribbean Cruises Ltd 5.25% USD 15/11/2022
RR Donnelley & Sons Co 7.875% USD 15/03/2021
Ryland Group Inc 5.375% USD 01/10/2022
Sally Holdings LLC 5.75% USD 01/06/2022
SandRidge Energy Inc 7.5% USD 15/03/2021
SBA Communications Corp 5.625% USD 01/10/2019
Schaeffler Holding Finance BV 6.875% EUR 15/08/2018
Seagate HDD Cayman 7% USD 01/11/2021
SM Energy Co 6.5% USD 15/11/2021
Speedway Motorsports Inc 6.75% USD 01/02/2019
Spie BondCo 3 SCA 11% EUR 15/08/2019
Sprint Capital Corp 6.875% USD 15/11/2028
Sprint Capital Corp 6.9% USD 01/05/2019
Sprint Communications Inc 6% USD 15/11/2022
Sprint Communications Inc 7% USD 15/08/2020
Starz LLC 5% USD 15/09/2019
Steel Dynamics Inc 6.375% USD 15/08/2022
Suburban Propane Partners LP 7.375% USD 15/03/2020
Suburban Propane Partners LP 7.375% USD 01/08/2021
SunCoke Energy Inc 7.625% USD 01/08/2019
Synovus Financial Corp 5.125% USD 15/06/2017
Synovus Financial Corp 7.875% USD 15/02/2019
Takko Luxembourg 2 S.C.A 9.875% EUR 15/04/2019
Targa Resources Partners LP 6.875% USD 01/02/2021
TeamSystem Holding SpA 7.375% EUR 15/05/2020
Tenet Healthcare Corp 8% USD 01/08/2020
Terex Corp 6% USD 15/05/2021
Terex Corp 6.5% USD 01/04/2020
Texas Industries Inc 9.25% USD 15/08/2020
Thomas Cook Finance Plc 7.75% EUR 15/06/2020
Transdigm Inc 5.5% USD 15/10/2020
Tutor Perini Corp 7.625% USD 01/11/2018
U.S. Airways 2013-1b 5.375% USD 15/05/2023
United Continental Holdings Inc 6.375% USD 01/06/2018
United Refining Co 10.5% USD 28/02/2018
United Rentals North America Inc 6.125% USD 15/06/2023
United Rentals North America Inc 8.25% USD 01/02/2021
United States Steel Corp 7.5% USD 15/03/2022
Universal Hospital Services Inc 7.625% USD 15/08/2020
UPC Holding BV 6.75% EUR 15/03/2023
UPC Holding BV 6.75% CHF 15/03/2023
US Airways 2012-2 Class B Pass Through Trust 6.75% USD 03/06/2021
USG Corp 9.75% USD 15/01/2018
Vedanta Resources Plc 6% USD 31/01/2019
94
Invesco Funds
Nominal/Shares
Market Value
USD
Net Assets
%
200,000
558,000
103,000
100,000
250,000
270,000
150,000
90,000
167,000
319,000
100,000
130,000
195,000
582,000
250,000
160,000
185,000
642,000
100,000
590,000
115,000
60,000
25,000
20,000
75,000
380,000
100,000
646,000
265,000
300,000
200,000
270,000
255,000
105,000
100,000
295,000
185,000
710,000
451,000
150,000
189,000
238,000
258,000
240,000
175,000
180,000
100,000
367,000
100,000
440,000
290,000
25,000
275,000
100,000
90,000
50,000
100,000
600,000
81,000
175,000
50,000
170,000
190,000
100,000
150,000
50,000
240,000
250,000
211,500
617,985
109,953
135,151
264,375
283,500
158,625
83,813
156,980
305,443
135,704
127,725
205,238
619,829
260,343
172,677
195,638
638,789
106,750
570,824
111,067
58,800
28,500
21,400
80,813
352,450
100,625
643,577
261,688
399,367
274,055
293,625
269,025
111,563
148,612
266,975
191,244
665,624
465,658
147,750
197,505
253,470
272,835
256,200
178,500
206,100
124,820
390,855
130,408
459,249
292,900
26,125
301,813
132,577
87,975
52,500
96,000
608,999
90,315
171,938
55,500
171,700
199,025
130,114
158,814
51,875
277,800
227,500
0.31
0.90
0.16
0.20
0.39
0.41
0.23
0.12
0.23
0.45
0.20
0.19
0.30
0.90
0.38
0.25
0.29
0.93
0.16
0.83
0.16
0.09
0.04
0.03
0.12
0.51
0.15
0.93
0.38
0.59
0.40
0.43
0.39
0.16
0.22
0.39
0.28
0.97
0.68
0.22
0.29
0.37
0.40
0.37
0.26
0.30
0.18
0.57
0.19
0.67
0.43
0.04
0.44
0.19
0.13
0.08
0.14
0.88
0.13
0.25
0.08
0.25
0.29
0.19
0.23
0.08
0.41
0.33

Nominal/Shares
Market Value
USD
Net Assets
%
315,000
200,000
400,000
100,000
100,000
200,000
200,000
441,000
100,000
150,000
100,000
331,538
207,040
627,831
155,214
139,014
201,000
210,500
442,103
112,000
132,375
137,524
0.48
0.30
0.92
0.23
0.20
0.29
0.31
0.65
0.16
0.19
0.20
TOTAL BONDS
65,106,100
95.10

66,074,818
96.51
Total Investments
66,074,818
96.51
Investment
BONDS (continued)
ViaSat Inc 6.875% USD 15/06/2020
Vimpel Communications Via VIP Finance Ireland Ltd OJSC 7.748% USD 02/02/2021
Virgin Media Secured Finance Plc 6% GBP 15/04/2021
WEPA Hygieneprodukte GmbH 6.5% EUR 15/05/2020
Wind Acquisition Finance SA 6.5% USD 30/04/2020
Wind Acquisition Finance SA 11.75% USD 15/07/2017
WPX Energy Inc 6% USD 15/01/2022
Wynn Las Vegas LLC 7.75% USD 15/08/2020
Zions Bancorporation FRN USD Perpetual
Zobele Holding SpA 7.875% EUR 01/02/2018
95
Invesco Funds

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
BONDS
AUSTRALIA
Australia & New Zealand Banking Group Ltd 2.9% CNY 14/08/2015
3,000,000
489,144
0.98
BERMUDA
IT Ltd 6.25% CNY 15/05/2018
Noble Group Ltd 4% CNY 30/01/2016
9,500,000
8,000,000
1,230,701
1,304,670
2.48
2.62
2,535,371
5.10
540,686
796,972
483,666
1.09
1.61
0.97
1,821,324
3.67
816,937
1,127,740
489,016
979,114
489,498
813,442
489,417
817,321
1,801,651
968,896
1,766,230
460,995
1,092,469
717,623
815,084
1,899,908
1,475,817
1.64
2.28
0.98
1.97
0.99
1.64
0.99
1.64
3.63
1.95
3.56
0.93
2.20
1.44
1.64
3.83
2.97
17,021,158
34.28
158,699
323,497
653,972
1,506,953
172,029
1,712,680
1,596,232
486,197
313,683
0.32
0.65
1.32
3.03
0.35
3.45
3.21
0.98
0.63
6,923,942
13.94
647,131
1,148,262
1.30
2.31
1,795,393
3.61
CAYMAN ISLANDS
China Shanshui Cement Group Ltd 6.5% CNY 22/07/2014
Kaisa Group Holdings Ltd 6.875% CNY 22/04/2016
Zhongsheng Group Holdings Ltd 4.75% CNY 21/04/2014
CHINA
Bank of China Ltd 0% CNY 06/09/2013
Bank of China Ltd 1.2% CNY 09/06/2014
Bank of Communications Co Ltd 2.98% CNY 09/03/2014
China Construction Bank Corp 2.6% CNY 29/01/2014
China Development Bank Corp 2.9% CNY 25/06/2014
China Development Bank Corp 3.45% CNY 16/01/2017
China General Nuclear Power Holding Corp 3.75% CNY 01/11/2015
Export-Import Bank of China 2.7% CNY 07/04/2014
HSBC Bank China Co Ltd FRN CNY 10/01/2015
Huaneng Power International Inc 3.85% CNY 05/02/2016
HONG KONG
Asian Development Bank 2.85% CNY 21/10/2020
BYD HK Co Ltd 4.5% CNY 28/04/2014
Galaxy Entertainment Group Ltd 4.625% CNY 16/12/2013
Gemdale Asia Holding Ltd 5.625% CNY 21/03/2018
Gemdale International Holding Ltd 9.15% CNY 26/07/2015
HKCG Finance Ltd 1.4% CNY 11/04/2016
Wharf Finance No 1 Ltd 4% CNY 27/03/2018
Wing Lung Bank 1.2% CNY 22/04/2014
Yanlord Land HK Co Ltd 5.375% CNY 23/05/2016
INDIA
ICICI Bank Ltd 4% CNY 25/06/2016
ICICI Bank Ltd 4.9% CNY 21/09/2015
3,300,000
5,000,000
3,000,000
5,000,000
7,000,000
3,000,000
6,000,000
3,000,000
5,000,000
3,000,000
5,000,000
11,000,000
6,000,000
11,000,000
3,000,000
7,000,000
4,500,000
5,000,000
11,500,000
9,000,000
1,000,000
2,000,000
4,000,000
10,000,000
1,000,000
11,000,000
9,700,000
3,000,000
2,000,000
4,000,000
7,000,000
MALAYSIA
Axiata SPV2 Bhd 3.75% CNY 18/09/2014
9,500,000
1,554,522
3.13
SOUTH KOREA
Korea Development Bank 3.3% CNY 21/06/2015
Shinhan Bank 3.5% CNY 19/09/2014
3,000,000
8,800,000
492,208
1,440,565
0.99
2.90
1,932,773
3.89
96
Invesco Funds

Nominal/Shares
Market Value
USD
Net Assets
%
5,000,000
819,163
1.65
10,000,000
7,000,000
5,000,000
1,670,000
4,000,000
2,000,000
4,000,000
12,000,000
1,647,273
1,126,461
816,223
272,027
644,087
323,923
643,558
1,946,646
3.32
2.26
1.64
0.55
1.30
0.65
1.30
3.92
7,420,198
14.94
901,121
1.81
TOTAL BONDS
43,214,109
87.00

43,214,109
87.00
571,939
490,350
1.15
0.99
1,062,289
2.14
1,062,289
2.14
44,276,398
89.14
Investment
SWEDEN
Volvo Treasury AB 3.8% CNY 22/11/2015
UNITED KINGDOM
Big Will Investments Ltd 7% CNY 29/04/2014
BP Capital Markets Plc 1.7% CNY 15/09/2014
CNPC Golden Autumn Ltd 2.55% CNY 26/10/2013
CNPC Golden Autumn Ltd 2.95% CNY 26/10/2014
Right Century Ltd 1.85% CNY 03/06/2014
Silvery Castle Ltd 2.75% CNY 14/07/2014
Standard Chartered Plc 2.625% CNY 31/05/2016
Value Success International Ltd 2.075% CNY 09/06/2014
UNITED STATES
Caterpillar Financial Services Corp 3.25% CNY 26/06/2015
MONEY MARKET INSTRUMENTS ELIGIBLE UNDER ARTICLE 41.1H

OF THE LAW OF 17 DECEMBER 2010
HONG KONG

Total Investments
97
Invesco Funds
5,500,000
3,500,000
3,000,000

Nominal/Shares
Investment
4,000,000
GE Captial Europe C/P EUR 10/01/2014
4,000,000
LMA SA C/P EUR 19/09/2013
4,000,000
4,000,000
4,000,000
Matchpoint Finance C/P EUR 25/11/2013
3,000,000
4,000,000
Procter & Gamble Co C/P EUR 15/10/2013
4,000,000
Rabobank Nederland C/D EUR 10/01/2014
4,000,000
Regency Assets Ltd C/P EUR 11/09/2013
4,000,000
Sumitomo Mitsui Banking C/P EUR 21/10/2013
4,000,000
OPEN-ENDED FUNDS
DB WTI Crude Oil Booster ETC
Invesco Funds SICAV - Global Structured Equity Fund
Source Physical Markets Gold P-ETC
43,116
315,400
48,663
Total Investments
98
Invesco Funds
Market Value
EUR
Net Assets
%
3,997,584
3,997,195
3,999,778
3,999,611
3,999,519
2,998,934
3,998,905
3,999,517
3,998,965
3,999,930
3,999,451
4.19
4.19
4.20
4.19
4.19
3.15
4.19
4.19
4.19
4.20
4.19
42,989,389
45.07
3,681,638
9,097,947
5,070,890
17,850,475
3.86
9.54
5.31
18.71
60,839,864
63.78

Nominal/Shares
Investment
Market Value
USD
Net Assets
%
EQUITIES
AUSTRALIA
Adelaide Brighton Ltd
AMP Ltd
APA Group
ASX Ltd
Australia & New Zealand Banking Group Ltd
Cardno Ltd
GWA Group Ltd
Iress Ltd
Monadelphous Group Ltd
Platinum Asset Management Ltd
Retail Food Group Ltd
Sonic Healthcare Ltd
SP AusNet
STW Communications Group Ltd
Tatts Group Ltd
Telstra Corp Ltd
Westpac Banking Corp
Wotif.com Holdings Ltd
4,363,664
2,849,216
2,306,507
471,172
836,400
1,196,403
3,244,653
2,291,628
350,322
3,044,711
3,454,538
1,020,435
12,115,476
9,888,367
4,583,912
4,612,717
817,415
1,945,756
BERMUDA
Huabao International Holdings Ltd
Texwinca Holdings Ltd
13,087,522
12,060,323
12,330,184
14,910,642
22,169,317
6,855,658
8,266,596
18,089,161
5,829,671
14,534,528
13,063,030
14,098,339
12,509,388
13,723,655
13,133,422
20,225,973
22,904,693
8,018,680
1.28
1.18
1.20
1.46
2.17
0.67
0.81
1.77
0.57
1.42
1.28
1.38
1.22
1.34
1.28
1.98
2.24
0.78
245,810,782
24.03
6,076,315
6,689,228
0.59
0.65
12,765,543
1.24
19,973,686
8,137,930
1.95
0.80
28,111,616
2.75
14,042,157
14,700,320
1.37
1.44
28,742,477
2.81
6,494,289
12,902,877
0.63
1.26
19,397,166
1.89
115,836,000
8,220,961
0.80
10,031,531
6,313,900
12,215,810
13,157,283
1.19
1.29
25,373,093
2.48
2,721,059
8,245,664
0.81
4,295,003
30,539,242
2,639,435
6,082,561
11,907,500
10,903,996
14,150,121
12,212,565
13,899,420
14,945,348
1.07
1.38
1.19
1.36
1.46
66,111,450
6.46
13,699,000
7,092,000
CAYMAN ISLANDS
Anta Sports Products Ltd
Bonjour Holdings Ltd
15,506,000
40,328,000
CHINA
4,523,500
13,022,000
HONG KONG
Shougang Fushan Resources Group Ltd
Television Broadcasts Ltd
19,484,000
1,965,000
INDONESIA
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT
MALAYSIA
Berjaya Sports Toto Bhd
Maxis Bhd
NEW ZEALAND
SKYCITY Entertainment Group Ltd
PAKISTAN
MCB Bank Ltd
National Bank of Pakistan
Pakistan Oilfields Ltd
Pakistan Petroleum Ltd
United Bank Ltd
99
Invesco Funds

Investment
PHILIPPINES
Philippine Long Distance Telephone Co
SINGAPORE
M1 Ltd
Singapore Post Ltd
StarHub Ltd
SOUTH KOREA
SK Telecom Co Ltd
TAIWAN
Chicony Electronics Co Ltd
Chunghwa Telecom Co Ltd
Feng TAY Enterprise Co Ltd
Lite-On Technology Corp
Richtek Technology Corp
Taiwan Cement Corp
Taiwan Mobile Co Ltd
TXC Corp
THAILAND
Delta Electronics Thailand PCL
Kiatnakin Bank PCL
MCOT PCL
Thai Tap Water Supply PCL
Nominal/Shares
Market Value
USD
Net Assets
%
202,545
13,029,188
1.27
4,675,000
13,177,000
5,670,000
4,152,000
11,793,733
12,898,696
15,638,572
13,667,152
1.15
1.26
1.53
1.34
53,998,153
5.28
72,018
14,354,292
1.40
4,716,104
3,916,541
4,980,000
7,884,240
7,655,362
2,855,000
11,081,000
3,354,000
9,577,000
10,898,037
12,374,764
12,547,968
16,585,490
12,982,983
12,856,052
14,608,267
12,076,833
12,889,550
1.06
1.21
1.23
1.62
1.27
1.26
1.43
1.18
1.26
117,819,944
11.52
8,566,550
15,139,666
5,048,781
9,043,236
12,305,618
0.84
1.48
0.49
0.88
1.20
50,103,851
4.89
23,097,531
2.26
715,181,711
69.89
2,108,313
4,695,968
2,210,049
0.21
0.46
0.22
9,014,330
0.89
1,146,600
11,107,600
4,127,500
9,428,400
40,836,900
UNITED KINGDOM
HSBC Holdings Plc
2,185,200
TOTAL EQUITIES
BONDS
AUSTRALIA
Macquarie Group Ltd 7.3% USD 01/08/2014
Macquarie Group Ltd 7.625% USD 13/08/2019
National Australia Bank Ltd FRN USD Perpetual
2,000,000
4,000,000
2,000,000
BERMUDA
Noble Group Ltd 6.75% USD 29/01/2020
2,000,000
2,010,000
0.20
CANADA
Harvest Operations Corp 2.125% USD 14/05/2018
3,000,000
2,875,377
0.28
CAYMAN ISLANDS
Agile Property Holdings Ltd 10% USD 14/11/2016
Champion MTN Ltd 3.75% USD 17/01/2023
China Overseas Finance Cayman II Ltd 5.5% USD 10/11/2020
Evergrande Real Estate Group Ltd 9.25% CNY 19/01/2016
Hutchison Whampoa Finance CI Ltd 7.45% USD 01/08/2017
Hutchison Whampoa International 03/33 Ltd 7.45% USD 24/11/2033
OZ Wing Cayman II Ltd FRN USD 27/02/2017
2,000,000
3,000,000
1,000,000
7,500,000
1,500,000
6,000,000
1,000,000
1,000,000
3,500,000
4,000,000
3,300,000
3,500,000
1,438,640
2,127,500
2,548,248
1,035,663
8,343,750
1,644,375
986,004
1,185,853
1,275,704
4,246,011
4,220,000
3,392,707
3,194,742
1,440,438
0.21
0.25
0.10
0.82
0.16
0.10
0.12
0.12
0.41
0.41
0.33
0.31
0.14
100
Invesco Funds

Investment
CAYMAN ISLANDS (continued)

PHBS Ltd 6.625% USD Perpetual
Shimao Property Holdings Ltd 11% USD 08/03/2018
Sun Hung Kai Properties Capital Market Ltd 4.5% USD 14/02/2022
Swire Pacific MTN Financing Ltd 4.5% USD 28/02/2022
Swire Pacific MTN Financing Ltd 6.25% USD 18/04/2018
Tencent Holdings Ltd 3.375% USD 05/03/2018
HONG KONG
AIA Group Ltd 3.125% USD 13/03/2023
Bank of China Hong Kong Ltd 5.55% USD 11/02/2020
Bank of East Asia Ltd 6.125% USD 16/07/2020
Bank of East Asia Ltd FRN USD 04/05/2022
Bank of East Asia Ltd FRN USD Perpetual
Standard Chartered Bank Hong Kong Ltd 5.875% USD 24/06/2020
Swire Properties MTN Financing Ltd 4.375% USD 18/06/2022
INDIA
Export-Import Bank of India 4% USD 14/01/2023
ICICI Bank Ltd FRN USD Perpetual
State Bank of India 4.5% USD 27/07/2015
Nominal/Shares
Market Value
USD
9,000,000
3,750,000
4,400,000
3,000,000
1,000,000
2,000,000
2,000,000
8,714,877
3,495,192
4,936,222
2,966,797
1,002,034
2,277,841
2,009,806
0.85
0.34
0.48
0.29
0.10
0.22
0.20
61,043,764
5.96
6,375,925
4,281,608
3,803,463
2,172,502
2,239,677
3,797,645
1,973,992
0.62
0.42
0.37
0.21
0.22
0.37
0.19
24,644,812
2.40
607,497
3,760,000
1,025,094
0.06
0.37
0.10
5,392,591
0.53
604,576
547,500
9,220,000
1,051,274
3,862,500
1,467,000
2,700,000
4,144,000
849,750
1,670,000
0.06
0.05
0.90
0.10
0.38
0.14
0.26
0.40
0.08
0.16
26,116,600
2.53
2,114,240
1,910,529
2,175,028
2,501,474
0.21
0.19
0.21
0.24
8,701,271
0.85
7,000,000
4,000,000
3,500,000
2,000,000
2,000,000
3,500,000
2,000,000
750,000
4,000,000
1,000,000
INDONESIA
Pertamina Persero PT 6% USD 03/05/2042
MALAYSIA
Axiata SPV1 Labuan Ltd 5.375% USD 28/04/2020
Malayan Banking Bhd FRN USD 20/09/2022
Petronas Capital Ltd 5.25% USD 12/08/2019
Petronas Capital Ltd 7.875% USD 22/05/2022
750,000
750,000
8,000,000
1,000,000
3,000,000
1,800,000
3,000,000
5,600,000
1,100,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
Net Assets
%
MONGOLIA
Mongolia Government International Bond 5.125% USD 05/12/2022
1,600,000
1,272,000
0.12
NETHERLANDS
Majapahit Holding BV 7.75% USD 17/10/2016
Majapahit Holding BV 8% USD 07/08/2019
2,000,000
4,000,000
2,182,500
4,320,000
0.21
0.42
6,502,500
0.63
8,161,830
1,317,550
10,543,750
0.80
0.13
1.03
20,023,130
1.96
562,500
5,555,109
6,095,778
0.06
0.54
0.60
12,213,387
1.20
PHILIPPINES
SINGAPORE
Bumi Capital Pte Ltd 12% USD 10/11/2016
CapitaLand Ltd 4.076% USD 20/09/2022
DBS Bank Ltd FRN USD 21/09/2022
101
5,700,000
1,000,000
7,000,000
1,000,000
6,000,000
6,000,000
Invesco Funds

Nominal/Shares
Market Value
USD
3,000,000
1,000,000
4,000,000
1,000,000
2,000,000
2,000,000
3,000,000
1,000,000
2,000,000
500,000
3,000,000
3,500,000
3,000,000
1,000,000
2,200,000
1,000,000
3,175,491
1,042,971
4,241,616
1,035,942
2,096,140
2,081,954
3,114,921
1,105,467
2,136,260
520,384
3,126,672
4,240,011
3,132,706
1,084,148
2,367,323
1,080,384
0.31
0.10
0.41
0.10
0.20
0.20
0.30
0.11
0.21
0.05
0.31
0.41
0.31
0.11
0.23
0.11
35,582,390
3.47
500,000
492,469
0.05
1,500,000
3,000,000
1,750,000
1,950,000
2,000,000
300,000
4,000,000
2,000,000
5,000,000
1,500,000
2,700,000
5,600,000
2,700,000
6,000,000
3,500,000
1,611,310
2,572,500
1,655,397
1,978,706
2,021,759
287,302
3,648,440
2,175,709
3,710,532
1,669,986
2,610,538
5,038,062
2,245,460
6,450,167
3,252,519
0.16
0.25
0.16
0.19
0.20
0.03
0.36
0.21
0.36
0.16
0.26
0.49
0.22
0.63
0.32
40,928,387
4.00
2,093,880
1,796,888
6,030,000
0.20
0.18
0.59
9,920,768
0.97
TOTAL BONDS
266,733,776
26.04

981,915,487
95.93
Investment
SOUTH KOREA
Export-Import Bank of Korea 4.125% USD 09/09/2015
Kookmin Bank 7.25% USD 14/05/2014
Korea Development Bank 4.375% USD 10/08/2015
Korea Gas Corp 4.25% USD 02/11/2020
Korea Hydro & Nuclear Power Co Ltd 4.75% USD 13/07/2021
Korea Hydro & Nuclear Power Co Ltd 6.25% USD 17/06/2014
Korea National Oil Corp 5.375% USD 30/07/2014
Korea South-East Power Co Ltd 6% USD 25/05/2016
KT Corp 4.875% USD 15/07/2015
National Agricultural Cooperative Federation 5% USD 30/09/2014
POSCO 8.75% USD 26/03/2014
Republic of Korea 7.125% USD 16/04/2019
Shinhan Bank FRN USD 02/03/2035
Shinhan Bank FRN USD 20/09/2036
Woori Bank Co Ltd 7% USD 02/02/2015
Woori Bank Co Ltd 7.63% USD 14/04/2015
THAILAND
PTT PCL 5.875% USD 03/08/2035
UNITED KINGDOM
Big Will Investments Ltd 10.875% USD 29/04/2016
Cheung Kong Bond Securities 03 Ltd 5.375% USD Perpetual
CITIC Securities Finance 2013 Co Ltd 2.5% USD 03/05/2018
CNOOC Finance 2003 Ltd 5.5% USD 21/05/2033
CNOOC Finance 2011 Ltd 4.25% USD 26/01/2021
CNOOC Finance 2012 Ltd 5% USD 02/05/2042
CNPC General Capital Ltd 3.4% USD 16/04/2023
CNPC HK Overseas Capital Ltd 5.95% USD 28/04/2041
Genting Singapore Plc 5.125% SGD Perpetual
Mega Advance Investments Ltd 6.375% USD 12/05/2041
Yuexiu REIT MTN Co 3.1% USD 14/05/2018
UNITED STATES
CBA Capital Trust II FRN USD Perpetual
Westpac Capital Trust III FRN USD Perpetual
2,000,000
2,000,000
6,000,000
Net Assets
%

BONDS
HONG KONG
Wheelock Finance Ltd 4.2% HKD 13/09/2022
8,000,000
972,457
0.10
MALAYSIA
Tenaga Nasional Bhd 7.5% USD 01/11/2025
3,500,000
4,172,424
0.41
TOTAL BONDS
5,144,881
0.51
5,144,881
0.51
987,060,368
96.44
Total Investments
102
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
EQUITIES
BELGIUM
Solvay SA
FINLAND
Elisa OYJ
UPM-Kymmene OYJ
FRANCE
AXA SA
BNP Paribas SA
Cap Gemini SA
Nexans SA NPV
20,557
2,186,237
0.37
206,666
531,974
3,337,656
4,916,770
0.57
0.83
8,254,426
1.40
4,590,545
3,102,174
3,026,861
1,060,848
0.78
0.53
0.52
0.18
11,780,428
2.01
3,017,570
2,436,143
1,882,940
5,467,691
0.51
0.42
0.32
0.93
12,804,344
2.18
4,840,086
1,389,033
3,083,273
0.82
0.24
0.53
9,312,392
1.59
1,868,982
4,151,302
3,311,057
1,758,154
0.32
0.71
0.56
0.30
11,089,495
1.89
1,588,879
3,357,094
2,789,741
3,704,095
2,249,902
4,835,040
2,785,319
0.27
0.57
0.48
0.63
0.38
0.82
0.48
21,310,070
3.63
276,040
64,632
71,850
14,400
GERMANY
Bayerische Motoren Werke AG
Deutsche Boerse AG
LEG Immobilien AG
RTL Group Npv
42,136
45,991
45,783
75,240
ITALY
Atlantia SpA
Fondiaria-Sai SpA
Recordati SpA
350,858
953,679
358,833
NETHERLANDS
Reed Elsevier NV
Ziggo NV
42,683
342,446
237,906
59,357
SPAIN
Bankinter SA
CaixaBank
Indra Sistemas SA
Repsol SA
217,476
961,918
980,060
324,707
301,232
121,943
157,296
SWEDEN
Nordea Bank AB
495,444
4,422,301
0.75
SWITZERLAND
Adecco SA
Novartis AG
Roche Holding AG
UBS AG
111,663
160,098
86,041
20,152
255,665
5,373,722
3,504,940
4,741,433
3,824,407
3,749,761
0.91
0.60
0.81
0.65
0.64
21,194,263
3.61
1,642,188
3,723,462
553,250
0.28
0.63
0.10
5,918,900
1.01
UNITED KINGDOM
Ecclesiastical Insurance Group Plc (Preferred)
General Accident Plc (Preferred)
Premier Farnell Plc (Preferred)
103
1,200,000
3,000,000
30,000
Invesco Funds

Investment
UNITED STATES
General Motors Co
Motors Liquidation Co GUC Trust
Nominal/Shares
Market Value
EUR
6,002
1,507
156,200
34,489
0.03
190,689
0.03
108,463,545
18.47
TOTAL EQUITIES
Net Assets
%
BONDS
AUSTRALIA
Origin Energy Finance Ltd FRN EUR 16/06/2071
3,500,000
3,614,159
0.62
AUSTRIA
Sappi Papier Holding GmbH 6.625% EUR 15/04/2018
Telekom Austria AG FRN EUR Perpetual
250,000
700,000
1,200,000
276,152
715,673
1,224,970
0.05
0.12
0.21
2,216,795
0.38
BELGIUM
6,115,000
6,329,025
1.08
CAYMAN ISLANDS
BES Finance Ltd 3.5% USD 06/12/2015
UPCB Finance Ltd 7.625% EUR 15/01/2020
2,700,000
400,000
2,048,546
432,000
0.35
0.07
2,480,546
0.42
5,321,767
524,291
0.91
0.09
5,846,058
1.00
2,968,963
1,203,139
1,052,500
131,435
2,329,992
1,566,951
2,109,140
1,313,124
79,892
1,521,356
1,950,148
1,856,169
1,203,125
1,568,000
2,060,000
4,485,668
2,549,814
2,709,635
124,741
1,136,375
1,033,270
1,075,566
0.51
0.21
0.18
0.02
0.40
0.27
0.36
0.22
0.01
0.26
0.33
0.32
0.21
0.27
0.35
0.76
0.43
0.46
0.02
0.19
0.18
0.18
36,029,003
6.14
398,024
9,939,417
10,425,009
4,913,459
9,739,235
10,066,724
10,338,966
4,849,894
1,057,087
0.07
1.69
1.77
0.84
1.66
1.71
1.76
0.83
0.18
FINLAND
Sanitec Corp FRN EUR 15/05/2018
Stora Enso OYJ 5.5% EUR 07/03/2019
5,292,000
500,000
FRANCE
BPCE SA FRN EUR Perpetual
BPCE SA 13% USD Perpetual
Cegedim SA 6.75% EUR 01/04/2020
CNP Assurances FRN EUR Perpetual
CNP Assurances FRN EUR 14/09/2040
Credit Agricole SA FRN EUR Perpetual
Credit Agricole SA 9.75% USD Perpetual
Electricite de France SA FRN EUR Perpetual
Electricite de France SA FRN EUR Perpetual
Groupama SA FRN EUR Perpetual
La Financiere Atalian SA 7.25% EUR 15/01/2020
Novalis SAS 6% EUR 15/06/2018
Picard Groupe SAS FRN EUR 01/08/2019
SMCP SAS 8.875% EUR 15/06/2020
Societe Generale SA FRN GBP Perpetual
Societe Generale SA FRN EUR Perpetual
2,850,000
1,100,000
1,000,000
154,500
2,400,000
2,444,000
2,000,000
1,200,000
100,000
1,500,000
1,900,000
2,450,000
1,250,000
1,600,000
2,000,000
4,400,000
2,496,000
3,571,000
100,000
1,000,000
1,000,000
1,100,000
GERMANY
ALBA Group plc & Co KG 8% EUR 15/05/2018
Bundesobligation 2% EUR 26/02/2016
Bundesrepublik Deutschland 2% EUR 04/01/2022
104
400,000
10,000,000
10,000,000
5,000,000
10,000,000
10,000,000
10,000,000
5,000,000
1,000,000
Invesco Funds

Investment
GERMANY (continued)
Dresdner Bank AG FRN EUR 26/02/2021
Grohe Holding GmbH FRN EUR 15/12/2017
KraussMaffei Group GmbH 8.75% EUR 15/12/2020
Unitymedia Hessen GmbH & Co KG 5.625% EUR 15/04/2023
Unitymedia KabelBW GmbH 9.5% EUR 15/03/2021
Unitymedia KabelBW GmbH 9.625% EUR 01/12/2019
GREECE
FAGE Dairy Industry SA 144A 9.875% USD 01/02/2020
IRELAND
AG Spring Finance II Ltd 9.5% EUR 01/06/2019
AG Spring Finance Ltd 7.5% EUR 01/06/2018
Ono Finance II Plc 11.125% EUR 15/07/2019
ITALY
Atlantia SpA 4.5% EUR 08/02/2019
Cerved Technologies SpA 6.375% EUR 15/01/2020
Cerved Technologies SpA 8% EUR 15/01/2021
Gamenet SpA 7.25% EUR 01/08/2018
Intesa Sanpaolo SpA 5% EUR 28/02/2017
Sisal Holding Istituto di Pagamento SPA 7.25% EUR 30/09/2017
TeamSystem Holding SpA 7.375% EUR 15/05/2020
Zobele Holding SpA 7.875% EUR 01/02/2018
Nominal/Shares
Market Value
EUR
8,000,000
2,000,000
500,000
710,000
2,000,000
4,000,000
200,000
300,000
5,484,544
2,198,520
522,330
759,315
2,018,380
3,897,680
227,548
333,618
0.93
0.38
0.09
0.13
0.34
0.66
0.04
0.06
77,169,750
13.14
500,000
404,097
0.07
5,000,000
4,000,000
4,000,000
1,000,000
100,000
4,925,000
3,987,660
3,884,779
1,058,080
106,250
0.84
0.68
0.66
0.18
0.02
13,961,769
2.38
435,496
720,934
1,209,000
2,478,125
1,592,713
3,697,283
2,835,000
1,683,000
1,329,750
7,882,000
1,027,312
5,163,377
3,116,250
0.07
0.12
0.21
0.42
0.27
0.63
0.48
0.29
0.23
1.34
0.18
0.88
0.53
33,170,240
5.65
400,000
710,000
1,200,000
2,500,000
1,500,000
3,550,000
3,000,000
1,700,000
1,350,000
8,000,000
1,000,000
5,000,000
3,000,000
Net Assets
%
JAPAN
Softbank Corp 4.625% EUR 15/04/2020
3,350,000
3,400,250
0.58
LUXEMBOURG
Beverage Packaging Holdings Luxembourg II SA 9.5% EUR 15/06/2017
Bormioli Rocco Holdings SA 10% EUR 01/08/2018
Elior Finance & Co SCA 6.5% EUR 01/05/2020
Fiat Finance & Trade SA 6.75% EUR 14/10/2019
Gategroup Finance Luxembourg SA 6.75% EUR 01/03/2019
Lecta SA 8.875% EUR 15/05/2019
Mark IV Europe Lux SCA 8.875% EUR 15/12/2017
Mobile Challenger Intermediate Group SA 8.75% EUR 15/03/2019
S&B Minerals Finance SCA 9.25% EUR 15/08/2020
Takko Luxembourg 2 S.C.A 9.875% EUR 15/04/2019
Telenet Finance V Luxembourg SCA 6.25% EUR 15/08/2022
Telenet Finance V Luxembourg SCA 6.75% EUR 15/08/2024
UniCredit International Bank Luxembourg SA FRN EUR Perpetual
Xefin Lux SCA 8% EUR 01/06/2018
1,150,000
2,160,000
750,000
750,000
3,500,000
600,000
1,600,000
250,000
80,000
3,100,000
2,700,000
5,000,000
400,000
500,000
1,000,000
900,000
300,000
1,000,000
1,184,500
2,343,751
765,938
780,135
3,620,766
619,800
1,580,000
238,125
86,400
3,082,330
2,785,995
4,713,950
403,000
508,750
1,039,226
922,500
314,719
1,075,000
0.20
0.40
0.13
0.13
0.62
0.11
0.27
0.04
0.01
0.53
0.47
0.80
0.07
0.09
0.18
0.16
0.05
0.18
26,064,885
4.44
6,891,885
1,649,009
1,530,000
1.17
0.28
0.26
NETHERLANDS
Allianz Finance II BV FRN EUR 08/07/2041
Bite Finance International BV FRN EUR 15/02/2018
105
6,600,000
1,500,000
1,500,000
Invesco Funds

Investment
NETHERLANDS (continued)
EDP Finance BV 8.625% GBP 04/01/2024
GMAC International Finance BV 7.5% EUR 21/04/2015
ING Groep NV 8% EUR Perpetual
Koninklijke KPN NV FRN GBP 14/03/2073
Nokia Siemens Networks Finance BV 6.75% EUR 15/04/2018
Nokia Siemens Networks Finance BV 7.125% EUR 15/04/2020
OI European Group BV 4.875% EUR 31/03/2021
Pfleiderer Finance BV 7.125% EUR Perpetual
TMF Group Holding BV FRN EUR 01/12/2018
TMF Group Holding BV 9.875% EUR 01/12/2019
Nominal/Shares
Market Value
EUR
Net Assets
%
400,000
1,000,000
2,800,000
400,000
6,400,000
570,000
2,100,000
1,920,000
2,333,000
200,000
14,200,000
2,500,000
500,000
748,000
586,000
531,065
1,081,160
2,793,599
416,000
6,631,680
679,093
2,178,750
1,964,275
2,366,315
5,822
13,325,537
2,513,750
538,190
758,285
614,943
0.09
0.18
0.48
0.07
1.13
0.12
0.37
0.33
0.40
2.27
0.43
0.09
0.13
0.11
46,469,358
7.91
PORTUGAL
Banco Espirito Santo SA 4.75% EUR 15/01/2018
2,900,000
2,810,173
0.48
SPAIN
Abengoa SA 4.5% EUR 03/02/2017
Abengoa SA 6.25% EUR 17/01/2019
Abengoa SA 8.5% EUR 31/03/2016
Banco Bilbao Vizcaya Argentaria SA FRN USD Perpetual
BBVA International Preferred SAU FRN GBP Perpetual
Ence Energia y Celulosa S.A 7.25% EUR 15/02/2020
Obrascon Huarte Lain SA 8.75% EUR 15/03/2018
Santander Finance Preferred SAU FRN GBP Perpetual
Santander Issuances SAU FRN GBP 27/07/2019
600,000
6,400,000
100,000
4,400,000
100,000
2,100,000
750,000
1,000,000
1,000,000
1,000,000
565,125
5,459,200
102,905
3,277,265
118,737
2,177,826
815,495
1,093,520
1,219,955
1,205,105
0.10
0.93
0.02
0.56
0.02
0.37
0.14
0.18
0.21
0.20
16,035,133
2.73
850,000
998,750
0.17
750,000
8,100,000
570,657
8,142,687
0.10
1.38
8,713,344
1.48
SWEDEN
Eileme 2 AB 11.75% EUR 31/01/2020
SWITZERLAND
Credit Suisse AG 6.5% USD 08/08/2023
UBS AG FRN EUR Perpetual
UNITED ARAB EMIRATES

Aabar Investments PJSC 4% EUR 27/05/2016
3,000,000
3,309,000
0.56
UNITED KINGDOM
AA Bond Co Ltd 9.5% GBP 31/07/2019
Anglian Water Osprey Financing Plc 7% GBP 31/01/2018
Arqiva Broadcast Finance Plc 9.5% GBP 31/03/2020
Avis Budget Finance Plc 6% EUR 01/03/2021
Aviva Plc FRN GBP Perpetual
Boparan Finance Plc 9.875% GBP 30/04/2018
Care UK Health & Social Care Plc 9.75% GBP 01/08/2017
Clerical Medical Finance Plc FRN GBP Perpetual
Co-Operative Bank Plc FRN GBP Perpetual
DFS Furniture Holdings Plc FRN GBP 15/08/2018
DFS Furniture Holdings Plc 7.625% GBP 15/08/2018
Eco-Bat Finance Plc 7.75% EUR 15/02/2017
Enterprise Inns Plc 6.5% GBP 06/12/2018
Equiniti Newco 2 plc FRN GBP 15/12/2018
Equiniti Newco 2 plc 7.125% GBP 15/12/2018
1,100,000
1,000,000
1,150,000
1,300,000
1,194,000
550,000
6,830,000
6,320,000
2,000,000
500,000
190,000
100,000
55,000
750,000
470,000
1,000,000
400,000
3,600,000
2,500,000
800,000
1,381,369
1,264,572
1,440,227
1,337,401
1,239,995
634,536
5,546,260
4,842,131
2,248,952
644,727
224,747
107,723
24,955
889,811
578,731
1,397,781
410,000
4,271,856
2,971,159
957,796
0.23
0.21
0.24
0.23
0.21
0.11
0.94
0.82
0.38
0.11
0.04
0.02
0.15
0.10
0.24
0.07
0.73
0.51
0.16
106
Invesco Funds

Investment
UNITED KINGDOM (continued)

Gala Electric Casinos Plc 11.5% GBP 01/06/2019
HBOS Plc FRN EUR Perpetual
HBOS Sterling Finance Jersey LP FRN GBP Perpetual
Matalan Finance Plc 8.875% GBP 29/04/2016
Nationwide Building Society 6.75% EUR 22/07/2020
Odeon & UCI Finco Plc 9% GBP 01/08/2018
Pearl Group Holdings No 1 Ltd 6.586% GBP Perpetual
Peel Land & Property Investments Plc 8.375% GBP 30/04/2040
Pipe Holdings Plc 9.5% GBP 01/11/2015
Rexam Plc FRN EUR 29/06/2067
Southern Water Greensands Financing Plc 8.5% GBP 15/04/2019
SSE Plc 5.025% FRN EUR Perpetual
Thames Water Kemble Finance Plc 7.75% GBP 01/04/2019
Vedanta Resources Plc 144A 8.25% USD 07/06/2021
UNITED STATES
Iron Mountain Inc 6% USD 15/08/2023
Iron Mountain Inc 6.75% EUR 15/10/2018
JPMorgan Chase & Co 2.75% EUR 24/08/2022
KBC Bank Funding Trust IV FRN EUR Perpetual
Levi Strauss & Co 7.75% EUR 15/05/2018
Nominal/Shares
Market Value
EUR
500,000
500,000
434,000
1,700,000
12,050,000
3,000,000
500,000
250,000
3,400,000
200,000
200,000
200,000
4,000,000
400,000
1,000,000
3,400,000
1,000,000
85,000
100,000
2,000,000
100,000
10,000,000
5,000,000
300,000
1,000,000
1,000,000
1,000,000
1,000,000
627,895
627,895
321,160
2,007,609
12,117,993
3,097,500
520,375
340,906
3,502,000
272,186
284,529
337,258
3,033,808
481,240
1,112,886
3,378,580
1,211,882
83,602
132,199
2,486,289
104,546
7,768,600
4,610,054
280,496
1,273,354
1,043,138
1,273,861
713,307
0.11
0.11
0.05
0.34
2.06
0.53
0.09
0.06
0.60
0.05
0.05
0.06
0.52
0.08
0.19
0.58
0.21
0.01
0.02
0.42
0.02
1.32
0.78
0.05
0.22
0.18
0.22
0.12
85,459,877
14.55
1,735,074
412,123
1,578,245
2,452,528
1,512,709
1,746,012
1,605,650
294,812
2,371,072
0.29
0.07
0.27
0.42
0.26
0.30
0.27
0.05
0.40
13,708,225
2.33
388,190,437
66.11
103,088
71,994
0.02
0.01
175,082
0.03
175,082
0.03
496,829,064
84.61
1,000,000
1,063,534
0.18
100,000
32,500
0.01
1,000,000
1,037,500
0.18
1,800,000
500,000
2,100,000
2,415,000
1,500,000
2,000,000
1,500,000
500,000
2,000,000
TOTAL BONDS
WARRANTS
UNITED STATES
General Motors Co WTS 10/07/2016
General Motors Co WTS 10/07/2019
5,456
5,456
TOTAL WARRANTS
BONDS
ITALY
Beni Stabili SpA 3.375% EUR 17/01/2018
LUXEMBOURG
M&G Finance Luxembourg SA 7.5% EUR Perpetual
UNITED KINGDOM
Algeco Scotsman Global Finance Plc 9% EUR 15/10/2018
107
Invesco Funds
Net Assets
%

Nominal/Shares
Market Value
EUR
500,000
1,000,000
528,750
664,683
0.09
0.11
1,193,433
0.20
TOTAL BONDS
3,326,967
0.57
3,326,967
0.57
500,156,031
85.18
Investment
UNITED STATES
Jarden Corp 7.5% EUR 15/01/2020
KBC Bank Funding Trust III FRN USD Perpetual
Total Investments
108
Invesco Funds
Net Assets
%

Investment
OPEN-ENDED FUNDS
IRELAND
Nominal/Shares
Market Value
EUR
5,000,000
Net Assets
%
5,000,000
9.32
5,000,000
9.32
Total Investments
5,000,000
9.32
109
Invesco Funds

Nominal/Shares
Investment
Market Value
EUR
Net Assets
%
BONDS
FRANCE
Credit Agricole SA 0% EUR 21/02/2014
120,000,000
120,000,000
3.06
GERMANY
Bundesobligation 4% EUR 11/10/2013
German Treasury Bill 0% EUR 25/09/2013
200,000,000
180,000,000
120,000,000
100,000,000
120,000,000
180,000,000
230,000,000
145,000,000
160,000,000
50,000,000
130,000,000
220,000,000
200,000,000
170,000,000
202,596,380
180,716,310
121,703,244
103,433,075
119,890,356
180,105,138
230,227,688
145,019,300
160,028,976
49,997,798
129,998,570
220,006,016
199,983,340
169,980,272
5.17
4.61
3.11
2.64
3.06
4.60
5.88
3.70
4.09
1.28
3.32
5.62
5.11
4.34
2,213,686,463
56.53
191,224,088
150,013,698
4.89
3.83
341,237,786
8.72
2,674,924,249
68.31
118,799,500
122,946,500
124,622,050
3.03
3.14
3.19
366,368,050
9.36
67,598,514
3,578,149
1.73
0.09
71,176,663
1.82
40,566,451
35,435,171
130,819,486
216,807,654
1.04
0.90
3.34
5.53
423,628,762
10.81
861,173,475
21.99
3,536,097,724
90.30
185,000,000
4.72
TOTAL BONDS
185,000,000
4.72
185,000,000
4.72
3,721,097,724
95.02
UNITED STATES
Canadian Imperial Bank of Commerce 0% USD 04/04/2014
JP Morgan Structured Products BV 0% USD 11/03/2014
245,200,000
197,500,000
TOTAL BONDS
CERTIFICATES
GERMANY
RICI Enhanced Agriculture ETC
RICI Enhanced Brent Crude ETC
RICI Enhanced WTI Crude Index
1,060,000
1,150,000
1,370,000
SWITZERLAND
UBS ETC Brent Crude - USD
UBS ETC WTI Crude Oil - USD
53,800
3,500
UNITED KINGDOM
ETFS Aluminium
ETFS Copper
ETFS Physical Silver
Gold Bullion Securities Ltd
15,000,000
1,400,000
7,550,000
2,135,000
TOTAL CERTIFICATES
BONDS
Barclays 0% EUR 23/11/2013
185,000,000
Total Investments
110
Invesco Funds
Invesco Funds
Statement of Net Assets as at 31 August 2013
Invesco
Invesco
Invesco
Invesco
Global
Emerging
Global
Global
Invesco
Latin
Invesco
Structured
Market
Smaller
Equity
American
US Structured
Equity
Quantitative
Companies
Income
Equity
Equity
Fund
Equity Fund
Equity Fund
Fund
Fund
Fund
Notes
USD
USD
USD
USD
USD
USD
2(b)
125,658,503
75,050,556
98,473,395
281,073,843
6,527,451
98,849,368
1,130,498
1,218,073
2,243,717
478
5,029,126
221,031
2,045,094
363
311,593
ASSETS
Investments at market value
CURRENT ASSETS
Due from brokers
Receivable for Shares issued
Other debtors
488,904
186,842
131,787
1,052,535
184,938
197,115
Bank balances
11,437,292
592,924
90,890
1,477,464
47,856
4,437,586
2(n)
7,8,2(i)&2(j)
961,833
144,923
20,381
4,273
2,240
42,257
11&2(m)
9&2(k)
138,547,010
82,134,869
100,155,557
287,896,926
6,762,848
103,837,919
Bank overdraft
1,457,751
74,585
Due to brokers
769,691
1,543,359
1,107,751
12,990
Payable for Shares redeemed
173,428
203,164
93,098
593,237
9,141
3,211,538
Other creditors
166,142
102,765
179,172
406,908
49,143
155,253
7,8,2(i)&2(j)
247,106
7,854
928
2,506
262
12,669
11&2(m)
9&2(k)
586,676
2,541,225
1,891,142
2,110,402
71,536
3,379,460
137,960,334
79,593,644
98,264,415
285,786,524
6,691,312
100,458,459
Margin Accounts
Unrealised gain on forward foreign
exchange contracts/futures contracts
Unrealised gain on equity swaps
Unrealised gain on credit default swaps
Total Assets
CURRENT LIABILITIES
Unrealised loss on forward foreign

exchange contracts/future contracts
Unrealised loss on equity swaps
Unrealised loss on credit default swaps
Total Liabilities
Net Assets
The accompanying notes form an integral part of the financial statements.
111
Invesco Funds
Invesco Funds
Invesco
Invesco
Invesco
Pan European
Invesco
Pan European
European
US Value
US
Structured
Pan European
Small Cap
Growth
Equity
Equity
Equity
Equity
Equity
Equity
Fund
Fund
Fund
Fund
Fund
Fund
Notes
USD
USD
EUR
EUR
EUR
EUR
2(b)
173,266,878
5,532,892
1,549,584,435
1,138,733,958
131,447,584
60,206,974
1,035,637
Invesco
Invesco
ASSETS
CURRENT ASSETS
Due from brokers
Other debtors
Bank balances
Margin Accounts
1,300,642
3,668
631,059
5,839,556
50,826
333,035
104,512
4,797,870
3,307,273
106,515
197,283
8,065,985
432,998
64,398,415
11,649,860
10,327,298
9,458,424
2(n)
7,8,2(i)&2(j)
43,423
7,019
11&2(m)
9&2(k)
181,712,989
6,077,421
1,619,411,779
1,159,530,647
143,182,039
70,949,144
Total Assets
CURRENT LIABILITIES
Bank overdraft
Due to brokers
103,453
22,955
10,097,635
3,023,961
148,791
1,732,241
7,161,945
162,447
4,634,683
992,797
275,316
58,864
2,136,206
1,748,114
248,527
135,887
7,8,2(i)&2(j)
24,577
512
663,447
11&2(m)
9&2(k)
2,135,587
82,331
9,961,598
12,008,196
7,907,171
1,277,475
179,577,402
5,995,090
1,609,450,181
1,147,522,451
135,274,868
69,671,669

Other creditors
Total Liabilities
Net Assets
112
Invesco Funds
Invesco Funds
Invesco
Invesco
Invesco
Invesco
Invesco
Invesco
Pan European
Emerging
Pan European
Nippon
Japanese
Japanese
Equity
Europe
Focus
Small/Mid Cap
Equity
Value
Income
Equity
Equity
Equity
Advantage
Equity
Fund
Fund
Fund
Fund
Fund
Fund
Notes
EUR
USD
EUR
JPY
JPY
JPY
2(b)
15,997,270
25,439,806
ASSETS
6,533,694 15,408,560,250 82,121,904,600 14,712,513,000
CURRENT ASSETS
Due from brokers
51,281
79,542,854
354,438,514
181,016
426
38,609
163,022,749
4,531,639,338
81,420,163
Other debtors
124,679
233,949
113,084
22,081,885
9,891,504
9,711,704
Bank balances
1,115,945
341,862
289,224
865,937,142
4,302,524,469
110,273,471
2(n)
7,8,2(i)&2(j)
275,617
11&2(m)
9&2(k)
17,418,910
26,067,324
Bank overdraft
45,490
205,926
166
157,899
Due to brokers
690,941
169,131
101,548,933
6,244,905,366
29,220,391
429,339
266,616
78,031,873
10,818,170
34,841,974
24,576
90,049
34,530
34,548,459
104,671,776
26,131,367
Margin Accounts
Total Assets
6,974,611 16,539,144,880 91,320,398,425 14,914,193,955
CURRENT LIABILITIES
Other creditors
7,8,2(i)&2(j)
51,737,950
11&2(m)
9&2(k)
1,144,856
402,155
203,661
214,335,191
6,360,395,478
142,089,581
16,274,054
25,665,169
Total Liabilities
Net Assets
113
Invesco Funds
6,770,950 16,324,809,689 84,960,002,947 14,772,104,374
Invesco Funds
Invesco
Invesco
Asia
Greater
Invesco
Invesco
Invesco
Asia
Invesco
Opportunities
China
Asia
India
Consumer
China Focus
Equity
Equity
Infrastructure
Equity
Demand
Equity
Fund
Fund
Fund
Fund
Fund
Fund
Notes
USD
USD
USD
USD
USD
USD
2(b)
128,451,449
1,268,455,937
1,023,825,323
90,276,697
658,153,905
35,373,808
125,004
9,754,881
64,562
150,478
2,911,074
1,402,304
215,454
5,599
3,831
239,792
260,936
2,882,893
4,803,493
35,501
986,762
161,819
ASSETS
CURRENT ASSETS
Due from brokers
Other debtors
Bank balances
Margin Accounts
Unrealised gain on forward foreign exchange
contracts/futures contracts
2,828,377
19,407,725
16,139,317
5,399,596
6,819,296
483,247
2(n)
7,8,2(i)&2(j)
29,185
75,675
289,887
11&2(m)
9&2(k)
131,665,766
1,300,746,075
1,044,908,370
95,867,871
669,164,755
37,660,970
Total Assets
CURRENT LIABILITIES
Bank overdraft
264
Due to brokers
17,138,737
718,867
1,306,143
41,375
993,080
3,573,159
310,077
1,578,587
433,823
2,119,730
7,028,503
296,528
1,357,985
104,650
7,8,2(i)&2(j)
7,036
3,555
27,185
11&2(m)
9&2(k)
475,198
20,258,583
10,605,217
1,325,472
2,963,757
1,411,057
131,190,568
1,280,487,492
1,034,303,153
94,542,399
666,200,998
36,249,913
Other creditors
Total Liabilities
Net Assets
114
Invesco Funds
Invesco Funds
Invesco
Invesco
Invesco
Asian Focus
Global
Equity
Invesco
Global Income
Gold &
Invesco
Real Estate
Precious
Invesco
Leisure
Energy
Securities
Metals
USD Reserve
Fund
Fund
Fund
Fund
Fund
Fund
Notes
USD
USD
USD
USD
USD
USD
2(b)
3,646,187
128,992,725
185,931,230
15,844,430
13,448,845
76,430,433
1,512
1,835,252
1,104
354,840
85,166
3,660
213,967
874,250
ASSETS
CURRENT ASSETS
Due from brokers
Other debtors
85,793
84,017
303,049
114,338
138,991
49,401
Bank balances
321,770
8,086,365
4,991,356
306,982
840,308
33,959,031
2(n)
7,8,2(i)&2(j)
29,031
17,541
11&2(m)
9&2(k)
4,055,262
137,517,947
193,175,084
16,270,514
14,659,652
111,313,115
2,935,636
Margin Accounts
Total Assets
CURRENT LIABILITIES
Bank overdraft
127
152,868
Due to brokers
3,245,915
275,040
1,029,534
252,520
68,261
377,505
91,759
63,361
246,597
394,345
31,993
59,269
86,196
Other creditors
7,8,2(i)&2(j)
3,498
9,915
11&2(m)
9&2(k)
63,361
4,522,173
925,403
253,122
446,689
3,113,591
3,991,901
132,995,774
192,249,681
16,017,392
14,212,963
108,199,524
Total Liabilities
Net Assets
115
Invesco Funds
Invesco Funds
Invesco
Invesco
Invesco
Invesco
Invesco
Absolute
Euro
Invesco
Euro
Euro
Global
European
Return
Inflation-Linked
Corporate
Reserve
Bond
Bond
Bond
Bond
Bond
Fund
Fund
Fund
Fund
Fund
Fund
Notes
EUR
USD
EUR
EUR
EUR
EUR
2(b)
224,962,189
116,665,390
162,905,669
9,646,650
20,190,712
3,285,232,448
ASSETS
CURRENT ASSETS
Due from brokers
23,279,693
438,239
51,594
807,480
Other debtors
96,125
1,296,880
2,317,119
128,547
64,512
64,808,464
Bank balances
107,145,828
24,793,522
8,038,618
794,827
659,843
214,714,707
2(n)
7,8,2(i)&2(j)
469,730
270,924
413,608
9,279,929
11&2(m)
9&2(k)
1,598,092
355,483,835
143,663,761
173,583,924
10,983,632
20,915,067
3,576,441,120
Bank overdraft
Due to brokers
151,064
Margin Accounts
Total Assets
CURRENT LIABILITIES
940,071
40,474
169,963
21,320
31,837
12,151,917
Other creditors
164,198
171,529
215,691
36,979
50,047
4,360,302
7,8,2(i)&2(j)
944,866
238,739
285,292
510
11&2(m)
9&2(k)
1,039,551
1,104,269
1,156,869
624,393
494,655
82,394
17,551,770
354,379,566
142,506,892
172,959,531
10,488,977
20,832,673
3,558,889,350

Total Liabilities
Net Assets
116
Invesco Funds
Invesco Funds
Invesco
UK Investment
Invesco
Invesco
Invesco
Invesco
Invesco
Emerging Local
Global
Global
Global Total
Emerging Market
Currencies Investment Grade
Unconstrained
Return (EUR)
Corporate
Grade Bond
Debt
Corporate Bond
Bond
Bond
Bond
Fund
Fund
Fund
Fund
Fund
Fund
Notes
GBP
USD
USD
GBP
EUR
USD
2(b)
53,287,666
916,574,915
44,725,674
2,799,531
138,247,922
174,881,527
682,552
2,977,845
661,307
61,664
200
3,108
34,816
6,295
Other debtors
668,071
18,795,904
1,130,920
144,386
1,829,792
2,760,339
Bank balances
841,834
7,145,259
1,501,684
1,073,099
12,099,219
8,003,046
2(n)
130,000
7,8,2(i)&2(j)
120,887
1,380,625
138,455
25,540
159,642
193,007
11&2(m)
9&2(k)
23,687
55,601,210
946,877,656
48,311,727
4,104,220
152,371,391
185,844,214
Bank overdraft
4,277,312
19
2,215,491
Due to brokers
1,064,905
656,760
1,079,355
602,305
282,643
9,374,209
125,110
47,394
889,666
70,379
1,954,121
146,411
35,648
233,686
445,963
7,8,2(i)&2(j)
5,570
3,348,016
541,050
31,820
86,330
42,610
11&2(m)
9&2(k)
126,776
12,508
236,202
1,423,497
18,953,658
1,596,126
79,976
3,898,458
1,980,544
54,177,713
927,923,998
46,715,601
4,024,244
148,472,933
183,863,670
ASSETS
CURRENT ASSETS
Due from brokers
Margin Accounts
Total Assets
CURRENT LIABILITIES

Other creditors
Total Liabilities
Net Assets
117
Invesco Funds
Invesco Funds
Invesco
Invesco
Invesco
Invesco
Invesco
US High
Renminbi
Capital
Euro Short
Asian
Yield
Fixed
Shield
Term Bond
Bond
Bond
Income
90 (EUR)
Invesco
Asia
Balanced
Fund
Fund
Fund
Fund
Fund
Fund
Notes
EUR
USD
USD
USD
EUR
USD
2(b)
34,066,913
22,839,373
66,074,818
44,276,398
60,839,864
987,060,368
ASSETS
CURRENT ASSETS
Due from brokers
499,500
36,921
43,231
29,948
201,161
Other debtors
584,645
515,715
1,313,585
502,988
15,532
9,605,144
Bank balances
1,394,606
961,566
1,256,528
5,164,171
35,195,276
33,169,127
2(n)
7,8,2(i)&2(j)
25,460
3,384
84,965
166,602
105,853
11&2(m)
9&2(k)
36,608,045
24,320,038
68,773,127
49,943,557
96,247,222
1,030,141,653
Margin Accounts
Total Assets
CURRENT LIABILITIES
Bank overdraft
49
Due to brokers
996,588
108,250
14,610
41,081
52,085
169,924
53,338
4,413,511
Other creditors
78,343
58,337
123,486
102,256
146,402
1,734,718
7,8,2(i)&2(j)
41,476
24,721
651,178
445,188
11&2(m)
9&2(k)
1,131,017
99,418
308,591
272,180
850,918
6,593,417
35,477,028
24,220,620
68,464,536
49,671,377
95,396,304
1,023,548,236

Total Liabilities
Net Assets
118
Invesco Funds
Invesco Funds
Invesco
Invesco
Pan European
Global
Invesco
31.08.13
High
Absolute
Balanced-Risk
Consolidated-
Income
Return
Allocation
Net Assets
Fund
Fund
Fund
USD Equiv.
Notes
EUR
EUR
EUR
USD
2(b)
500,156,031
5,000,000
ASSETS
3,721,097,724 22,770,827,250
CURRENT ASSETS
Due from brokers
2,348
33,858,904
5,599,970
3,008
667,794
108,250,623
Other debtors
7,804,184
43,390
13,789,124
182,989,856
Bank balances
79,902,110
49,288,685
189,500,050
1,319,041,776
2(n)
130,000
7,8,2(i)&2(j)
326,619
340,578
52,146,323
87,853,529
11&2(m)
2,365,616
3,131,938
9&2(k)
2,139,468
593,788,914
57,043,625
Margin Accounts
Total Assets
3,977,201,015 24,508,223,344
CURRENT LIABILITIES
Bank overdraft
2,402
11,884,169
Due to brokers
5,205,979
73,730
122,826,536

Other creditors
31,028
6,008,779
74,895,409
936,510
134,878
6,075,906
42,481,691
7,8,2(i)&2(j)
490,955
14,570
49,136,301
74,605,868
11&2(m)
3,125,807
4,138,387
9&2(k)
1,835,189
6,633,444
3,382,415
61,220,986
332,667,249
587,155,470
53,661,210
Total Liabilities
Net Assets
119
Invesco Funds
3,915,980,029 24,175,556,095
Invesco Funds
Net Asset Values for the period ended 31 August 2013
Invesco Global Structured Equity Fund (USD)

Distribution A AD
Accumulation A Hedg (EUR)
Distribution C AD
Accumulation C Hedg (EUR)
Accumulation C Hedg (GBP)
Accumulation E
Accumulation I
Invesco Emerging Market Quantitative Equity Fund (USD)
Accumulation A
Accumulation C
Accumulation E
Accumulation I
Accumulation Z
Invesco Global Smaller Companies Equity Fund (USD)
Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
Invesco Global Equity Income Fund (USD)*
Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Distribution Z AD
Distribution Z SD
Accumulation Z
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
USD
EUR
USD
EUR
GBP
EUR
EUR
31,153,949
6,369,045
26,639,444
25,439,939
5,239,100
12,029,936
31,088,921
853,739
171,813
696,077
647,570
129,459
314,145
2,082,398
36.49
28.00
38.27
29.67
26.11
28.92
11.28
USD
EUR
USD
EUR
GBP
EUR
EUR
EUR
7,046,086
4,033,567
23,858,440
14,199,002
72,064
2,038,790
28,338,648
7,047
664,772
368,615
2,208,685
1,274,277
6,505
195,480
2,545,100
523
10.60
8.27
10.80
8.42
7.15
7.88
8.41
10.18
USD
USD
EUR
USD
EUR
USD
USD
674,484
47,344,213
7,671,876
38,177,396
2,216,757
2,172,789
6,900
14,182
991,916
411,245
716,668
115,777
52,207
700
47.56
47.73
14.09
53.27
14.46
41.62
9.86
USD
USD
EUR
USD
EUR
USD
EUR
USD
USD
31,881,535
140,655,851
1,910,521
91,538,338
6,065,481
13,714,131
6,891
6,888
6,888
2,362,381
2,647,680
112,716
1,543,877
346,815
302,178
523
700
700
13.50
53.12
12.80
59.29
13.21
45.38
9.95
9.84
9.84
Invesco Latin American Equity Fund (USD)

Accumulation A
Accumulation C
Accumulation E
Accumulation Z
Invesco US Structured Equity Fund (USD)
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Accumulation I
Accumulation Z
USD
EUR
USD
EUR
EUR
USD
3,925,398
383,464
401,855
26,610
1,947,160
6,825
439,025
43,465
44,164
2,964
222,612
700
8.94
6.66
9.10
6.78
6.61
9.75
USD
EUR
USD
USD
EUR
EUR
EUR
USD
52,055,129
3,838,502
1,165,104
30,008,240
5,676,690
7,705,793
2,082
6,919
2,900,166
296,215
71,826
1,592,031
416,520
463,271
111
700
17.95
9.79
16.22
18.85
10.29
12.56
14.16
9.88
Invesco US Value Equity Fund (USD)

Distribution A SD
Accumulation A
Distribution C SD
Accumulation C
Accumulation E
Accumulation R
USD
USD
USD
USD
EUR
USD
1,690,086
99,484,701
19,543,081
51,745,100
1,653,998
5,460,436
64,354
3,622,721
747,687
1,681,049
90,347
232,457
26.26
27.46
26.14
30.78
13.83
23.49
Invesco US Equity Fund (USD)

Distribution A AD
Distribution A AD Hedg (EUR)
Accumulation C
Accumulation E Hedg (EUR)
Distribution Z AD
Accumulation R Hedg (EUR)
USD
EUR
EUR
USD
EUR
EUR
EUR
36,471
92,895
185,971
4,382,575
1,029,204
6,897
261,077
2,897
5,606
11,225
345,915
62,665
523
15,882
12.59
12.52
12.51
12.67
12.41
9.96
12.42
120
Invesco Funds
Invesco Funds
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
29,657,114
869,399,826
7,651,383
603,331,985
92,312,879
7,091,822
5,172
2,519,359
71,058,550
686,942
46,306,305
8,489,953
566,125
523
11.77
12.23
11.14
13.03
10.87
12.53
9.89
Invesco Pan European Structured Equity Fund (EUR)

Distribution A AD
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Accumulation R
Distribution Z AD
Invesco Pan European Equity Fund (EUR)
Distribution A AD
Distribution A AD (USD)
Accumulation A
Accumulation B
Distribution C AD
Accumulation C
Accumulation E
Accumulation I
Accumulation R
Distribution Z AD
Distribution Z AD (USD)
Invesco Pan European Small Cap Equity Fund (EUR)
Distribution A AD (USD)
Accumulation A
Accumulation B
Accumulation C
Accumulation E
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
31,815,495
10,747,757
405,671,151
2,458,600
51,462,902
568,255,807
74,630,521
1,611
2,468,213
5,198
5,196
2,318,987
771,213
26,785,325
190,023
3,540,434
34,831,119
5,260,940
99
199,976
523
700
13.72
18.45
15.15
12.94
14.54
16.31
14.19
16.25
12.34
9.94
9.83
USD
EUR
EUR
EUR
EUR
52,948
95,864,196
813,816
33,598,908
4,945,000
3,395
6,094,011
59,816
1,986,319
347,064
20.65
15.73
13.61
16.92
14.25
Invesco European Growth Equity Fund (EUR)

Accumulation A
Accumulation C
Accumulation E
Accumulation I
Distribution Z AD
EUR
EUR
EUR
EUR
EUR
32,422,847
33,678,495
3,563,571
1,573
5,183
1,729,614
1,716,456
203,165
78
523
18.75
19.62
17.54
20.05
9.91
Invesco Pan European Equity Income Fund (EUR)*

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Distribution Z SD
EUR
EUR
EUR
EUR
EUR
7,299,961
3,102,943
1,815,133
4,050,824
5,193
730,349
286,166
162,058
388,848
523
10.00
10.84
11.20
10.42
9.93
USD
USD
USD
EUR
11,614,457
2,188,688
3,330,319
8,531,705
1,109,530
237,067
297,706
863,203
10.47
9.23
11.19
7.47
EUR
EUR
EUR
EUR
EUR
57,179
5,046,732
12,262
1,192,081
462,696
3,703
389,438
780
77,218
30,074
15.44
12.96
15.73
15.44
15.39
USD
JPY
JPY
USD
JPY
EUR
EUR
JPY
5,527,561,195
7,451,297,079
93,325,486
1,131,082,495
983,731,479
1,136,959,074
180,525
672,356
4,752,683
9,070,071
131,040
962,137
1,110,100
1,527,398
205
683
11.84
821.53
712.19
11.97
886.17
5.72
6.77
985.04
Invesco Emerging Europe Equity Fund (USD)

Accumulation A
Accumulation B
Accumulation C
Accumulation E
Invesco Pan European Focus Equity Fund (EUR)
Distribution A AD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Invesco Nippon Small/Mid Cap Equity Fund (JPY)
Distribution A AD
Accumulation A
Accumulation B
Distribution C AD
Accumulation C
Accumulation E
Accumulation I
Accumulation Z
121
Invesco Funds
Invesco Funds
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
EUR
JPY
JPY
GBP
EUR
JPY
EUR
GBP
9,295,271,699
23,503,376,687
49,194,073,209
929,468,692
1,560,834,029
475,631,521
674,215
672,895
5,621,671
8,740,790
17,369,470
478,264
965,915
189,286
523
446
12.72
2,688.93
2,832.22
12.77
12.43
2,512.76
9.91
9.91
USD
JPY
JPY
EUR
USD
JPY
EUR
EUR
JPY
197,836,513
41,483,518
5,717,368,008
1,159,738,483
670,965
3,466,845,565
3,154,957,377
71,828,762
961,375,183
227,218
48,079
6,532,772
381,975
606
3,548,875
1,254,388
49,353
1,298,734
8.86
862.82
875.18
23.35
11.26
976.89
19.34
11.19
740.24
USD
USD
USD
EUR
34,833,062
1,783,875
86,865,196
7,708,435
382,328
22,420
884,519
93,362
91.11
79.57
98.21
62.36
USD
EUR
USD
USD
EUR
EUR
USD
USD
EUR
334,587,049
8,390,041
4,398,793
831,949,195
1,987,360
98,191,980
968,898
7,087
7,089
8,246,250
215,785
126,019
19,040,175
47,453
2,662,417
93,620
700
523
40.57
29.37
34.91
43.69
31.63
27.86
10.35
10.12
10.24
Invesco Asia Infrastructure Fund (USD)*

Distribution A SD
Accumulation A
Accumulation A (HKD)
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
Accumulation Z (EUR)
USD
USD
EUR
HKD
USD
EUR
EUR
USD
USD
EUR
164,605,317
567,930,697
20,497,518
17,476
80,246,136
600,801
199,178,938
1,212,321
6,973
6,976
13,158,005
43,459,472
1,678,872
1,674
5,875,267
46,146
16,065,485
153,403
700
523
12.51
13.07
9.22
80.95
13.66
9.83
9.36
7.90
9.96
10.07
Invesco India Equity Fund (USD)

Distribution A AD
Accumulation A
Distribution C AD
Accumulation E
USD
HKD
USD
EUR
54,597,006
8,043
25,474,790
14,462,560
1,850,313
955
783,114
514,298
29.51
65.32
32.53
21.24
Invesco Asia Consumer Demand Fund (USD)

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
USD
USD
EUR
HKD
USD
EUR
EUR
USD
USD
EUR
36,918,130
239,922,176
36,687,811
53,853
103,758,250
49,705,145
195,818,668
3,322,850
7,056
7,059
3,002,555
19,067,361
3,096,133
4,467
7,975,159
4,012,863
16,190,224
348,479
700
523
12.30
12.58
8.95
93.50
13.01
9.36
9.14
9.54
10.08
10.19
Invesco Japanese Equity Advantage Fund (JPY)*

Distribution A AD
Accumulation A
Accumulation C
Accumulation C (GBP)
Accumulation E
Accumulation R
Accumulation Z (GBP)
Invesco Japanese Value Equity Fund (JPY)
Distribution A AD
Distribution A SD
Accumulation A
Distribution C AD
Accumulation C
Accumulation E (EUR)
Accumulation R
Invesco Asia Opportunities Equity Fund (USD)
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Invesco Greater China Equity Fund (USD)
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
122
Invesco Funds
Invesco Funds
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
USD
USD
EUR
USD
4,461,174
27,625,749
3,626,840
536,150
325,340
1,994,752
205,367
39,585
13.71
13.85
13.34
13.54
EUR
USD
USD
EUR
USD
11,206
224,332
3,352,195
315,845
88,323
801
20,028
296,000
22,769
7,950
10.57
11.20
11.32
10.48
11.11
Invesco China Focus Equity Fund (USD)

Accumulation A
Accumulation C
Accumulation E
Accumulation R
Invesco Asian Focus Equity Fund (USD)
Distribution A AD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Invesco Global Leisure Fund (USD)*
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Invesco Energy Fund (USD)
Distribution A AD
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Accumulation R
USD
USD
USD
EUR
95,082,171
4,816,485
11,694,304
21,402,814
3,323,105
197,340
381,859
825,073
28.61
24.41
30.62
19.59
USD
USD
EUR
HKD
USD
USD
EUR
EUR
USD
579,586
144,087,143
5,169,087
5,331
1,665,150
19,911,093
1,703,780
18,988,449
140,062
21,784
5,419,320
284,091
467
71,327
704,131
87,691
786,376
17,045
26.61
26.59
13.74
88.55
23.35
28.28
14.68
18.24
8.22
Invesco Global Income Real Estate Securities Fund (USD)

Distribution A QD
Accumulation A
Accumulation C
Accumulation E
USD
USD
USD
EUR
7,298,005
4,088,815
7,203
4,623,369
845,234
382,883
647
485,507
8.63
10.68
11.12
7.19
Invesco Gold & Precious Metals Fund (USD)

Accumulation A
Accumulation C
Accumulation E
Accumulation R
USD
EUR
HKD
USD
EUR
EUR
USD
6,923,110
3,173,094
3,267
478,952
383,254
2,507,368
743,918
1,076,597
476,024
466
73,148
56,337
396,497
149,961
6.43
5.03
54.38
6.55
5.14
4.78
4.96
Invesco USD Reserve Fund (USD)

Accumulation A
Accumulation B
Accumulation B1
Accumulation C
Accumulation E
USD
USD
USD
USD
EUR
70,660,422
28,755
414,091
15,696,689
21,399,567
812,048
376
4,771
174,829
246,504
87.02
76.50
86.79
89.78
65.57
Invesco Euro Reserve Fund (EUR)

Distribution A AD
Accumulation A
Accumulation B
Accumulation C
Accumulation E
EUR
EUR
EUR
EUR
EUR
14,340,090
108,311,618
74,694
187,373,506
44,279,658
44,450
335,635
264
559,541
138,653
322.61
322.71
283.02
334.87
319.36
Invesco Global Bond Fund (USD)

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Distribution Z SD
USD
USD
EUR
USD
EUR
EUR
EUR
USD
23,047,266
38,816,322
2,131,855
26,998,751
14,060,816
36,636,824
808,077
6,981
4,110,349
4,625,035
155,425
2,984,351
1,022,198
4,533,506
59,016
700
5.61
8.39
10.36
9.05
10.39
6.10
10.34
9.97
123
Invesco Funds
Invesco Funds
Invesco European Bond Fund (EUR)

Distribution A SD
Accumulation A
Accumulation B
Accumulation C
Accumulation E
Distribution Z AD
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
EUR
EUR
EUR
EUR
EUR
EUR
45,321,506
59,555,630
8,207,410
26,790,141
33,079,612
5,232
8,579,196
10,171,111
1,627,048
4,413,210
5,759,483
523
5.28
5.86
5.04
6.07
5.74
10.00
Invesco Absolute Return Bond Fund (EUR)

Accumulation A
Accumulation C
Accumulation E
Accumulation I
Invesco Euro Inflation-Linked Bond Fund (EUR)
Accumulation A
Accumulation C
Accumulation E
Accumulation I
Accumulation R
EUR
EUR
GBP
EUR
EUR
4,663,198
256,501
105,763
5,462,493
1,022
1,680,638
88,314
37,423
2,012,382
347
2.77
2.90
2.41
2.71
2.94
EUR
EUR
EUR
EUR
EUR
10,399,464
552,892
9,097,593
1,061
781,663
706,127
36,083
629,556
69
77,955
14.73
15.32
14.45
15.29
10.03
Invesco Euro Corporate Bond Fund (EUR)

Distribution A AD
Distribution A MD
Accumulation A
Accumulation C
Accumulation E
Distribution R MD
Accumulation R
Distribution Z AD
Accumulation Z
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
7,351,000
764,800,583
978,722,422
1,095,651,285
578,363,244
100,062,019
33,928,351
5,223
5,223
659,773
63,078,817
62,664,471
68,466,421
37,674,150
9,200,675
2,945,518
523
523
11.14
12.12
15.62
16.00
15.35
10.88
11.52
9.99
9.99
Invesco UK Investment Grade Bond Fund (GBP)

Distribution A QD
Distribution C QD
Distribution Z QD
GBP
GBP
GBP
54,168,832
4,390
4,491
59,079,819
447
446
0.92
9.83
10.07
Invesco Emerging Local Currencies Debt Fund (USD)*

Distribution A AD
Distribution A MD Hedg (EUR)
Distribution A MD
Distribution A MD (HKD)
Accumulation A
Accumulation C
Accumulation E
Distribution R MD Fixed
Distribution Z AD Hedg (EUR)
EUR
EUR
USD
HKD
USD
EUR
USD
EUR
EUR
USD
EUR
3,709,440
109,051,624
376,698,755
56,613
70,705,832
33,084,047
111,340,414
53,246,153
103,163,385
66,770,468
97,267
314,003
11,276,880
39,852,198
5,204
4,961,935
3,221,009
7,566,081
4,568,315
7,434,397
7,951,747
7,472
8.92
7.30
9.45
84.37
14.25
7.76
14.72
8.80
10.48
8.40
9.83
Invesco Global Investment Grade Corporate Bond Fund (USD)

Distribution A AD
Distribution A MD
Distribution C AD
Accumulation E
USD
USD
HKD
EUR
USD
EUR
GBP
EUR
14,092,392
11,520,990
6,585
8,150,754
774,488
6,585,011
155,757
5,429,624
1,295,901
1,072,917
488
730,040
70,906
580,037
12,589
453,471
10.87
10.74
104.64
8.43
10.92
8.57
7.98
9.04
Invesco Global Unconstrained Bond Fund (GBP)

Accumulation A
Accumulation C
GBP
EUR
GBP
EUR
EUR
619,099
30,789
2,447,412
896,637
30,307
44,453
2,190
172,384
62,708
2,190
13.93
16.46
14.20
16.74
16.20
124
Invesco Funds
Invesco Funds
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
5,885
18,854,034
61,561,111
25,459,891
16,413,569
26,173,199
5,244
565
1,577,326
5,081,991
2,290,122
1,383,578
2,452,913
523
10.41
11.95
12.11
11.12
11.86
10.67
10.03
USD
USD
EUR
USD
EUR
EUR
USD
EUR
46,384,520
7,499,594
17,268,257
22,534,497
23,389,652
29,062,049
37,627,176
97,925
4,573,338
667,514
1,164,556
1,977,946
1,555,553
1,982,710
3,713,805
7,472
10.14
11.24
11.20
11.39
11.36
11.07
10.13
9.90
EUR
EUR
EUR
EUR
8,883,673
13,824,603
8,422,974
4,345,778
837,384
1,292,579
797,658
416,304
10.61
10.70
10.56
10.44
EUR
USD
HKD
USD
USD
GBP
EUR
USD
717,670
2,953,821
76,786
4,295,119
13,663,554
146,194
1,402,888
964,588
58,820
300,162
6,072
413,313
1,308,096
9,015
104,529
100,237
9.22
9.84
98.07
10.39
10.45
10.46
10.14
9.62
EUR
USD
HKD
USD
EUR
USD
EUR
USD
22,378,388
20,276,121
201,200
3,395,807
11,233,811
8,245,001
1,524,034
1,210,174
1,598,187
1,977,990
14,971
312,133
783,135
774,432
112,782
112,155
10.58
10.25
104.22
10.88
10.83
10.65
10.21
10.79
EUR
USD
USD
EUR
USD
3,038,533
7,197,523
32,397,269
3,561,086
3,476,966
232,078
681,370
3,050,675
270,581
332,420
9.89
10.56
10.62
9.94
10.46
Invesco Capital Shield 90 (EUR) Fund (EUR)

Accumulation A
Accumulation C
Accumulation E
Accumulation I
EUR
EUR
EUR
EUR
47,229,381
33,453,910
14,711,877
1,136
4,059,584
2,751,340
1,331,992
92
11.63
12.16
11.05
12.38
Invesco Asia Balanced Fund (USD)

Distribution A MD
Distribution A1 MD
Distribution A QD
Distribution A QD (HKD)
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Accumulation Z Hedg (EUR)
USD
USD
USD
HKD
USD
EUR
USD
EUR
EUR
USD
EUR
17,277,167
6,934
401,926,732
122,391,003
291,773,009
33,208,420
41,798,503
929,767
104,635,146
9,503,554
98,001
1,770,154
700
26,182,864
7,939,439
12,782,512
1,915,791
1,766,102
40,560
5,720,537
900,278
7,472
9.76
9.91
15.35
119.55
22.83
13.09
23.67
17.31
13.82
10.56
9.91
Invesco Global Total Return (EUR) Bond Fund (EUR)*

Distribution A AD
Accumulation A
Accumulation C
Distribution E QD
Accumulation E
Distribution R MD
Distribution Z AD
Invesco Emerging Market Corporate Bond Fund (USD)
Distribution A MD Fixed
Accumulation A
Accumulation C
Invesco Euro Short Term Bond Fund (EUR)
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Invesco Asian Bond Fund (USD)
Distribution A AD
Distribution A MD
Accumulation A
Accumulation C
Accumulation E (EUR)
Distribution R MD
Invesco US High Yield Bond Fund (USD)*
Accumulation A
Distribution C AD
Accumulation E
Accumulation R
Invesco Renminbi Fixed Income Fund (USD)
Distribution A AD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
125
Invesco Funds
Invesco Funds
Invesco Pan European High Income Fund (EUR)*

Distribution A AD
Distribution A QD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Distribution Z AD
Invesco Global Absolute Return Fund (EUR)
Accumulation A
Accumulation C
Accumulation C Hedg (JPY)
Accumulation C Hedg (USD)
Accumulation E
Accumulation Z
Invesco Balanced-Risk Allocation Fund (EUR)*
Distribution A AD
Accumulation A
Accumulation A Hedg (USD)
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
Accumulation Z Hedg (GBP)
Accumulation Z Hedg (USD)
Ccy
31 August 2013
Total NAV in
sub-fund currency
Total
Number of Shares
in issue
NAV per Shares

in share class
currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
61,414
207,307,733
126,829,749
49,110,693
180,866,720
22,973,944
5,217
5,156
16,724,875
7,597,575
2,869,721
11,261,714
1,908,766
523
11.91
12.40
16.69
17.11
16.06
12.04
9.97
EUR
EUR
JPY
USD
EUR
EUR
4,409,317
17,569,203
22,019,017
57,390
9,601,105
5,178
420,441
1,609,375
2,383,706
5,231
942,991
523
10.49
10.92
1,201.10
14.53
10.18
9.90
EUR
EUR
USD
EUR
GBP
USD
EUR
EUR
EUR
GBP
USD
367,525,665
1,290,680,549
116,523,806
892,404,260
53,098,733
26,598,767
925,741,810
243,249,838
5,271
75,209
76,121
25,900,222
91,016,890
8,184,969
61,437,872
3,530,202
1,824,177
66,607,826
21,010,774
523
6,373
10,000
14.19
14.18
18.85
14.53
12.85
19.30
13.90
11.58
10.08
10.08
10.08
* Sub-fund which swung the price on NAV at 30 August 2013. Reconciliation between un-swung NAV and published swung NAV is disclosed in note
12 to the financial statements.
126
Invesco Funds
Notes to the Financial Statements

1.
General
Invesco Funds (the Fund) is an investment company organised under part I of the Luxembourg Law on collective investment of December 17,
2010 as a Socit Anonyme qualifying as a Socit dInvestissement Capital Variable (SICAV). Invesco Funds is an umbrella fund, comprising 51
active sub-funds with each sub-fund being treated as a separate entity.
(a) Invesco India (Mauritius) Limited
Investments in Indian securities are made through a wholly-owned Mauritian subsidiary, Invesco India (Mauritius) Limited (the "Subsidiary"), whose
sole object is to carry out investment activities on behalf of the Fund. The Subsidiary is wholly owned by Invesco India Equity Fund. Currently the
Subsidiary benefits from the relief due to the India/Mauritius double tax treaty. The Subsidiary holds a Category 1 Global Business Licence issued by
the Mauritius Offshore Business Activities Authority. As a result it is currently subject to a reduced rate of Mauritian income tax on its income. In
addition, no capital gains tax are currently payable in respect of the Subsidiary's investments in India and any dividends and redemption proceeds
paid by the Subsidiary to the Invesco India Equity Fund are currently exempt from Mauritian withholding tax. No guarantee or warranty can be given
or should be assumed that the tax benefits of the treaty will continue to be available in future periods due to, among others, changes in the regulatory
environment in Mauritius, India or the European Union.
(b) Classes of Shares
The Shares of some of the sub-funds are available in up to eight classes (Class A, Class B, Class B1, Class C, Class E, Class I, Class R and Class Z). Class
A Shares are available without any restraints. Class B Shares are available to customers of distributors or intermediaries appointed specifically for
the purpose of distributing the B Shares and only in respect of those Funds in respect of which distribution arrangements have been made with such
distributors. Class C Shares are available to all investors, which have a higher minimum initial subscription amount and benefit from reduced
management charges, are intended primarily for larger or institutional investors. Class E Shares denominated in Euro have a lower initial subscription
amount and higher annual management fee than either the A or the C Class. Class B1 Shares are only available to customers of Merrill Lynch. Class I
Shares are denominated in Euro and are only available to Institutional clients who have an Institutional Management Agreement in place with
Invesco. Class R Shares are available without any restraints. There are distributing A, C, E & R Share Classes, hedged share classes and fixed
distribution share classes within some of the sub-funds. Class Z Shares will incur a lower management charge than A Shares and are available to
certain categories of Investors, as further disclosed in the Prospectus.
Hedged Share Classes are available to investors on several sub-funds. For such classes of Shares, the SICAV may hedge the currency exposure of
classes of Shares denominated in a currency other than the base currency of the relevant Fund, in order to attempt to mitigate the effect of
fluctuations in the exchange rate between the Share class currency and the base currency.
(c) Activity of the Fund
Activity on the Fund since 28 February 2013:
Share Class Launch
Effective 19 June 2013 the following Shares Classes were launched:
Invesco Asia Balanced Fund A (Monthly Distributing) USD
Invesco UK Investment Grade Bond Fund C (Quarterly Distributing) GBP
Effective 21 August 2013 the following Shares Classes were launched:
Invesco Emerging Market Quantitative Equity Fund Z (Accumulation) EUR
Invesco Global Smaller Companies Equity Fund Z (Accumulation) USD
Invesco Global Equity Income Fund Z (Accumulation) USD
Invesco Global Equity Income Fund Z (Semi-Annually Distributing) USD
Invesco Global Equity Income Fund Z (Annually Distributing) EUR
Invesco Latin American Equity Fund Z (Accumulation) USD
Invesco US Structured Equity Fund Z (Accumulation) USD
Invesco US Equity Fund Z (Annually Distributing) EUR
Invesco Pan European Structured Equity Fund Z (Annually Distributing) EUR
Invesco Pan European Equity Fund Z (Annually Distributing) USD
Invesco Pan European Equity Fund Z (Annually Distributing) EUR
Invesco European Growth Equity Fund Z (Annually Distributing) EUR
Invesco Pan European Equity Income Fund Z (Semi-Annually) EUR
Invesco Nippon Small/Mid Cap Equity Fund Z (Accumulation) JPY
Invesco Japanese Equity Advantage Fund Z (Accumulation) GBP
Invesco Japanese Equity Advantage Fund Z (Accumulation) EUR
Invesco Greater China Equity Fund Z (Accumulation) USD
Invesco Greater China Equity Fund Z (Accumulation) EUR
Invesco Asia Infrastructure Fund Z (Accumulation) USD
Invesco Asia Infrastructure Fund Z (Accumulation) EUR
Invesco Asia Consumer Demand Fund Z (Accumulation) USD
Invesco Asia Consumer Demand Fund Z (Accumulation) EUR
Invesco Global Bond Fund Z (Semi-Annually) USD
Invesco European Bond Fund Z (Annually Distributing) EUR
Invesco Euro Corporate Bond Fund Z (Accumulation) EUR
Invesco Euro Corporate Bond Fund Z (Annually Distributing) EUR
127
Invesco Funds
Notes to the Financial Statements (continued)

1.
General (continued)
Share Class Launch

Effective 21 August 2013 the following Shares Classes were launched:
Invesco UK Investment Grade Bond Fund Z (Quarterly Distributing) GBP
Invesco Emerging Local Currencies Debt Fund Z (Annually Distributing) EUR Hedged
Invesco Global Total Return (EUR) Bond Fund Z (Annually Distributing) EUR
Invesco Emerging Market Corporate Bond Fund Z (Annually Distributing) EUR Hedged
Invesco Asia Balanced Fund Z (Accumulation) EUR Hedged
Invesco Asia Balanced Fund A (Monthly Distributing - 1) USD
Invesco Pan European High Income Fund Z (Annually Distributing) EUR
Invesco Global Absolute Return Fund Z (Accumulation) EUR
Invesco Balanced-Risk Allocation Fund Z (Accumulation) GBP Hedged
Invesco Balanced-Risk Allocation Fund Z (Accumulation) USD Hedged
Invesco Balanced-Risk Allocation Fund Z (Accumulation) EUR
A new Prospectus was issued on 20 May 2013 and 20 August 2013.
Activity on the Fund since 31 August 2013:
Effective 18 September 2013 the following Share Classes were launched:
Invesco Global Equity Income Fund A (Accumulation) CHF Hedged
Invesco Global Equity Income Fund C (Accumulation) CHF Hedged
Invesco Pan European Structured Equity Fund A (Accumulation) CHF Hedged
Invesco Pan European Structured Equity Fund C (Accumulation) CHF Hedged
Invesco Pan European Equity Fund A (Accumulation) CHF Hedged
Invesco Pan European Equity Fund C (Accumulation) CHF Hedged
Invesco Japanese Equity Advantage Fund A (Accumulation) EUR Hedged
Invesco Japanese Equity Advantage Fund C (Accumulation) EUR Hedged
Invesco Japanese Equity Advantage Fund A (Accumulation) CHF Hedged
Invesco Japanese Equity Advantage Fund C (Accumulation) CHF Hedged
Invesco Japanese Value Equity Fund A (Accumulation) CHF Hedged
Invesco Greater China Equity Fund A (Accumulation) RMB Hedged
Invesco Asia Infrastructure Fund A (Accumulation) CHF Hedged
Invesco Asia Consumer Demand Fund A (Accumulation) CHF Hedged
Invesco Global Income Real Estate Securities Fund A (Monthly Distributing - Gross) USD
Invesco Global Bond Fund A (Accumulation) CHF Hedged
Invesco Global Bond Fund C (Accumulation) CHF Hedged
Invesco European Bond Fund A (Accumulation) CHF Hedged
Invesco European Bond Fund C (Accumulation) CHF Hedged
Invesco Euro Corporate Bond Fund A (Accumulation) CHF Hedged
Invesco Euro Corporate Bond Fund C (Accumulation) CHF Hedged
Invesco Global Total Return (EUR) Bond Fund A (Accumulation) CHF Hedged
Invesco Global Total Return (EUR) Bond Fund C (Accumulation) CHF Hedged
Invesco Global Total Return (EUR) Bond Fund A (Accumulation) SEK Hedged
Invesco Emerging Market Corporate Bond Fund A (Accumulation) SEK Hedged
Invesco Asian Bond Fund A (Monthly Distributing) RMB Hedged
Invesco US High Yield Bond Fund C (Accumulation) USD
Invesco Asia Balanced Fund A (Monthly Distributing) RMB Hedged
Invesco Balanced-Risk Allocation Fund C (Accumulation) JPY Hedged
Invesco Balanced-Risk Allocation Fund A (Accumulation) CHF Hedged
Invesco Balanced-Risk Allocation Fund C (Accumulation) CHF Hedged
Invesco Balanced-Risk Allocation Fund A (Accumulation) SEK Hedged
128
Invesco Funds

2.
Summary of Significant Accounting Policies
(a) The accompanying financial statements have been prepared in accordance with the format prescribed by Luxembourg regulations. Consolidation
figures appearing in the Statement of Net Assets are for statistical purposes only and should not be used by investors with holdings in one or more
sub-funds.
(b) Valuation of investments
Investments, including financial derivative instruments, are valued on the basis of the latest dealing price or the latest available midmarket quotation
(the midpoint between the latest quoted bid and offer prices) of the securities on the relevant securities market on which the investments of the Fund
are traded, quoted or dealt as at the Valuation Point on that day. Where investments of a sub-fund are both listed on a stock exchange and dealt by
market makers outside the stock exchange on which the investments are listed, then the SICAV will determine the principal market for the
investments in question and they are valued at the latest available price in that market. Securities which are not quoted or dealt in any stock
exchange but which are dealt in on any other regulated market are valued in a manner as near as possible to that described above. If no price
quotation is available for any of the securities held by a sub-fund or if the value as determined pursuant to the points above is not representative of
the fair market value of the relevant securities, the value of such securities is based on the reasonably foreseeable sales price determined prudently
and in good faith. Short-term Money-Market Instruments are valued based on amortised cost method.
The financial statements have been prepared on the basis of the last net asset values determined in the accounting period. In accordance with the
Prospectus, net asset values were calculated by reference to the latest available prices at 12.00 p.m. (Irish time) on 30 August 2013.
(c) Impact on Values
By way of information, if the Fund had calculated the net asset values solely with a view to publication, the market prices used to value the
investment portfolio would have been the closing prices on 30 August 2013 for the entire investment portfolio, including the American and European
equities. However, these net asset values would not have been significantly different from those shown in this Interim Report.
(d) Cost of sales of investments
Any surplus or deficit on sales of investments is determined on the basis of average cost.
(e) Income from investments
Dividend income is accounted for on an ex-dividend basis. Income arising on fixed interest securities and deposit interest is accrued on a day-to-day
basis.
(f) Foreign exchange
Transactions in currencies other than the designated currency for each sub-fund are translated at the rates of exchange ruling at the time of the
transactions. The market value of the investments and other assets and liabilities in currencies other than the designated currency for each sub-fund
are translated at the rates of exchange ruling at the period end.
The principle exchange rates used at 31 August 2013 :
Currency
ARS
AUD
BRL
CAD
CHF
CLP
CNY
COP
CRC
CZK
DKK
EGP
EUR
GBP
GHS
HKD
USD 1.00
Currency
5.6610
1.1186
2.3593
1.0522
0.9303
510.9501
6.1195
1,941.6351
500.7258
19.4377
5.6341
6.9856
0.7553
0.6451
2.1275
7.7555
HUF
IDR
ILS
INR
ISK
ITL
JPY
KRW
KZT
MXN
MYR
NGN
NOK
NZD
PEN
PHP
USD 1.00
227.0970
10,920.0013
3.6057
66.0700
119.6850
1,462.4949
98.2100
1,110.0500
153.0000
13.3238
3.2848
163.3500
6.1119
1.2870
2.8040
44.6000
Currency
USD 1.00
PKR
PLN
RON
RSD
RUB
SEK
SGD
SKK
THB
TRY
TWD
UAH
UYU
ZAR
104.4800
3.2167
3.3491
86.5150
33.2450
6.6110
1.2744
22.7546
32.1900
2.0342
29.9245
8.1250
22.3550
10.3207
(g) Expenses allocation

Where the Fund incurs an expense which relates to a particular sub-fund, such expense is allocated to the relevant sub-fund. In cases where an
expense cannot be considered as being attributable to a particular sub-fund, such expense is allocated between sub-funds on the basis of their
respective Net Asset Values.
(h) Preliminary expenses
The preliminary expenses will be amortised over the first 5 years. Sub-funds are subject to a maximum amortisation in any accounting year of 0.05%
of the average net asset value. Any unamortised expenses at the end of the 5 years or liquidation date, will be borne by the Management Company.
129
Invesco Funds

2.
Summary of Significant Accounting Policies (continued)
(i) Forward foreign exchange contracts
The unrealised gain or loss on open forward foreign exchange contracts is calculated as the difference between the contracted rate and the rate to
close out the contract and is disclosed in the Statement of Net Assets (see note 7 for details). Realised gains or losses include net results on contracts
which have been settled or offset on other contracts and are recorded in the Statement of Operations and Changes in Net Assets (disclosed at year
end only).
(j) Futures contracts
Derivative financial instruments are initially recognised at cost and subsequently are re-measured at market value. Market values are obtained from
quoted market prices and exchange rates. All derivatives are carried in assets when amounts are receivable by the Fund and in liabilities when
amounts are payable by the Fund. Changes in market values of future contracts are included in the Statement of Net Assets (see note 8 for details).
(k) Credit default swaps
A credit default swap is a credit derivative transaction in which two parties enter into an agreement, whereby one party pays the other a fixed
periodic coupon for the specified life of the agreement. The other party makes no payments unless a credit event, relating to a predetermined
reference asset occurs. If such an event occurs, the party will then make a payment to the first party and the swap will terminate.The credit default
swaps are marked to market daily based upon quotations from market makers and recorded in the Statement of Net Assets (see note 9 for details).
(l) Interest rate swaps
An interest rate swap is a bilateral agreement in which each of the parties agrees to exchange a series of interest payments for another series of
payments (usually fixed/floating) based on a notional amount that serves as a computation basis and that is usually not exchanged.The interest rate
swaps are marked to market daily based upon quotations from market makers and recorded in the Statement of Net Assets (see note 10 for details).
(m) Equity swaps
An Equity Swap is a derivative transaction in which the Fund and the counterparty enter into an agreement whereby one party pays the returns
generated by an equity or a basket of equities. The other party pays interest based on the agreed notional amount of the transaction. Interest
received/paid on Equity swaps are recorded as net interest received on swaps/net interest paid on Swaps in the Statement of Operations and
Changes in Net Assets (disclosed at year end only). The value of equity swap transactions is the net present value of all cash flows, both inflows and
outflows. Equity swaps are recorded in the Statement of Net Assets (see note 11 for details).
(n) Cash collateral
Margin accounts represent the cash collateral held at brokers for derivative instruments.
3.
Management and Investment Advisor Fees
The Directors of the Fund (the Directors) are responsible for the investment policy, management and administration of the Fund. The Directors
delegate the day-to-day investment management of the securities portfolio of the Fund to Invesco Management S.A. (the Management Company).
In following the investment policy of the Directors, the Management Company seeks investment advice from, as appropriate, Invesco Asset
Management Limited in the United Kingdom, Invesco Hong Kong Limited, Invesco Asset Management (Japan) Limited, Invesco Advisers Inc. in the
United States and Invesco Asset Management Deutschland GmbH in Germany.
For its services the Management Company is paid by the Fund a percentage of the Net Asset Value of each sub-fund as set out in the table below:
Sub-fund
Management
Fee
Class A
Management
Fee
Class B
(includes a 1%
Distribution fee)
Management
Fee
Class B1
Management
Fee
Class C
Management
Fee
Class E
Management
Fee
Class R
(includes a 0.7%
Distribution fee)
Management
Fee
Class Z
1.00%
0.60%
1.50%
EQUITY FUNDS
Global
Invesco Global Structured
Equity Fund
Invesco Emerging Market
Quantitative Equity Fund
Invesco Global Smaller
Companies Equity Fund
1.25%
0.75%
1.75%
0.62%
1.60%
1.40%
0.95%
0.75%
2.25%
2.25%
2.30%
2.10%
0.80%
0.70%
America
1.50%
1.00%
1.40%
1.50%
2.00%
-
1.00%
0.60%
0.70%
1.00%
2.25%
1.50%
2.25%
2.25%
2.10%
2.20%
0.75%
0.50%
0.75%
1.30%
1.50%
2.30%
2.50%
0.80%
1.00%
2.25%
2.00%
2.00%
2.20%
0.65%
0.75%
1.50%
2.50%
1.00%
2.25%
1.50%
1.00%
2.25%
0.75%
1.50%
1.00%
2.00%
0.75%
1.50%
2.50%
1.00%
2.25%
1.50%
1.00%
2.00%
2.20%
Europe
Invesco Pan European Structured
Equity Fund
Invesco Pan European Small Cap
Equity Fund
Invesco European Growth Equity
Fund
Invesco Pan European Equity
Income Fund
Invesco Emerging Europe Equity
Fund
Invesco Pan European Focus
Equity Fund
130
Invesco Funds

3.
Management and Investment Advisor Fees (continued)
Sub-fund
Management
Fee
Class A
Management
Fee
Class B
(includes a 1%
Distribution fee)
Management
Fee
Class B1
Management
Fee
Class C
Management
Fee
Class E
Management
Fee
Class R
(includes a 0.7%
Distribution fee)
Management
Fee
Class Z
1.50%
2.50%
1.00%
2.25%
0.75%
1.40%
0.75%
2.00%
2.10%
0.70%
1.40%
0.75%
2.00%
2.10%
1.50%
1.50%
1.50%
1.50%
2.50%
2.50%
-
1.00%
1.00%
1.00%
1.00%
2.25%
2.25%
2.25%
2.25%
2.20%
2.20%
-
0.75%
0.75%
-
1.50%
1.75%
1.50%
1.00%
1.25%
0.60%
2.25%
2.25%
2.25%
2.20%
2.45%
2.20%
0.75%
-
1.50%
1.50%
2.50%
2.50%
1.00%
1.00%
2.25%
2.25%
2.20%
1.25%
1.50%
0.80%
1.00%
1.75%
2.00%
2.20%
0.45%
0.35%
1.50%
1.45%
0.50%
-
0.25%
0.15%
0.50%
0.50%
0.75%
0.75%
0.75%
1.75%
-
0.50%
0.50%
0.50%
0.90%
0.90%
1.00%
0.38%
0.38%
-
0.75%
1.00%
0.50%
0.65%
0.90%
1.25%
1.45%
1.70%
0.50%
0.625%
0.40%
0.32%
1.50%
1.00%
2.00%
2.20%
0.75%
1.00%
0.65%
1.25%
1.00%
2.00%
Japan
Invesco Nippon Small/Mid Cap
Equity Fund
Invesco Japanese Equity
Advantage Fund
Invesco Japanese Value Equity
Fund
Asia
Invesco Asia Opportunities Equity
Fund
Invesco Asia Consumer Demand
Fund
THEME FUNDS
Invesco Energy Fund
Invesco Global Income Real Estate
Securities Fund
RESERVE FUNDS
BOND FUNDS
Invesco Euro Inflation-Linked Bond
Fund
Invesco UK Investment Grade Bond
Fund
Invesco Emerging Local Currencies
Debt Fund
Invesco Global Investment Grade
Corporate Bond Fund
Invesco Global Unconstrained Bond
Fund
Invesco Global Total Return (EUR)
Bond Fund
Invesco Emerging Market Corporate
Bond Fund
1.50%
1.00%
0.65%
1.25%
1.70%
0.50%
1.50%
0.70%
1.00%
1.25%
1.00%
1.00%
0.40%
0.75%
0.75%
0.60%
2.00%
0.90%
1.25%
1.75%
1.25%
2.20%
1.40%
1.70%
1.95%
1.70%
0.75%
-
MIXED FUNDS
1.00%
1.25%
Invesco Pan European High Income Fund 1.25%
1.75%
Invesco Balanced-Risk Allocation Fund 1.25%
0.60%
0.80%
0.80%
1.00%
0.75%
1.50%
1.75%
1.75%
2.30%
1.75%
1.95%
1.95%
1.95%
0.62%
0.62%
0.88%
0.62%
The management fees are calculated daily based on the Net Asset Value of each sub-fund on each business day and paid monthly. The fees of the
Investment Adviser are paid out of the Manager's remuneration.
For the period under review, the Management Company partially waived the management fee for the Invesco USD Reserve Fund and Invesco Euro
Reserve Fund.
There is no annual management fee for I Shares.
131
Invesco Funds

4.
Other Fees
The Manager is paid an additional fee by each Fund (the "Service Agent Fee"). The Service Agent Fee for A and R Shares shall not exceed 0.40% for
Equity Funds or Theme Funds, 0.27% for Bond Funds, 0.20% for the Structured Funds, 0.13% for Reserve Funds, 0.35% for Invesco Asia Balanced
Fund and Invesco Balanced-Risk Allocation Fund and 0.40% for Invesco Pan European High Income Fund and Invesco Global Absolute Return Fund of
the Net Asset Value of each Fund. The Service Agent Fee for B, B1 and C Shares shall not exceed 0.30% for Equity Funds and Theme Funds, 0.10%
for Reserve Funds, 0.20% for Bond Funds (except for Invesco Euro Inflation-Linked Bond Fund which shall not exceed 0.10%), 0.15% for Structured
Funds and 0.30% for the Mixed Funds of the Net Asset Value of each Fund. Out of this Service Agent Fee, the Manager discharges the fees of the
Administration Agent, the Domiciliary & Corporate Agent and the Registrar & Transfer Agent as well as fees of service providers and fees incurred in
places where the Fund is registered. Each of these fees shall be calculated on each Business Day on the Net Asset Value of the sub-funds (at a rate
which shall be agreed from time to time with the Manager) and paid monthly. Additionally, the Manager reimburses the expenses of the Fund's Hong
Kong Sub-Distributor and Representative.
The Custodian will be paid a fee calculated on a monthly basis at a rate of up to a maximum of 0.0075% per annum of the net asset value of each
Fund on the last Business Day of each calendar month (or at such higher rate as the Custodian and the SICAV may at any time agree), plus VAT (if
any) and will be paid monthly. In addition, the Custodian will charge each Fund safekeeping and servicing fees at varying rates, depending on the
country in which the assets of a Fund are held and currently ranging from 0.001% to 0.45% of the net asset value of the assets invested in such
country, plus VAT (if any), together with charges at normal commercial rates in respect of investment transactions, as agreed with the SICAV from
time to time. Sub-custodian fees are paid out of these safekeeping and servicing fees.
The Management Company has agreed to cap operational expenses charged to the following sub-funds at its discretion, at the following annual rates:
Sub-Fund
Invesco Emerging Market Quantitative Equity Fund*
Invesco China Focus Equity fund
Invesco Global Total Return (EUR) Bond Fund*
Invesco Emerging Market Corporate Bond Fund*
Invesco Global Absolute Return Fund*
Date since capping is in place

21/06/2010
11/08/2010
27/06/2012
01/09/2010
07/07/2011
15/12/2011
27/06/2012
01/03/2012
21/06/2010
09/10/2009
21/06/2010
15/09/2010
04/05/2011
04/05/2011
15/12/2011
27/06/2012
27/06/2012
01/09/2010
Annual Rate
0.05%
0.15%
0.15%
0.05%
0.15%
0.05%
0.20%
0.05%
0.15%
0.05%
0.05%
0.05%
0.15%
0.05%
0.05%
0.20%
0.15%
0.10%
*Cap was removed with effect from 28 March 2013

5.
Tax Status
The Fund is registered under Luxembourg law as a collective investment undertaking. Accordingly, no Luxembourg income or capital gains tax is at
present payable by the Fund. It is, however, subject to an annual taxe dabonnement calculated at an annual rate of 0.05% of the Net Asset Value.
The two Reserve sub-funds and I share classes are subject to a reduced annual rate of 0.01% of the Net Asset Value, such tax being payable
quarterly on the basis of the Net Asset Value of the sub-funds at the end of the relevant quarter.
Further to a number of rulings of the European Court of Justice regarding taxation withheld on overseas dividends, the Manager has taken steps to
make claims with certain European Tax Authorities for repayment of taxation suffered on foreign dividend income. Due to the uncertainty regarding
the likely success of the claims, it is not possible to estimate the potential amount of overseas withholding tax that may be received.
6.
Dividends
In accordance with the distribution policy of the Fund, income is distributed by way of a dividend payment, only to holders of Distribution Shares.
Invesco Emerging Local Currencies Debt Fund, Class R and Class A monthly distribution share class pay a distribution based on yield fixed annually by
the Board of Directors. For the period from 1 March 2013 to 31 August 2013, the yield was fixed at 4.80% and 5.50% respectively for the R Share
Class and A Share Class as approved by the Board of Directors. Invesco Emerging Markets Corporate Bond Fund, Class R and Class A monthly
distribution share class pay a distribution based on yield fixed annually by the Board of Directors. For the period from 1 March 2013 to 31 August
2013, the yield was fixed at 3.80 % and 4.50% respectively for the R Share Class and A Share Class as approved by the Board of Directors. Invesco
US High Yield Bond Fund, Class A monthly distribution share class pay a distribution based on yield fixed annually by the Board of Directors. For the
period from 1 March 2013 to 31 August 2013, the yield was fixed at 5.00 %. The income due to shareholders of Accumulation Shares is reinvested to
enhance the value of the relevant share class.
132
Invesco Funds

6. Dividends (continued)
Type of Share
Distribution
Rate
Frequency
Distribution
Invesco Global Smaller Companies Equity Fund USD per Share

A Dist
0.0079
Semi Annually
Invesco Global Equity Income Fund USD per Share
A Dist
0.1066
Semi Annually
Invesco US Value Equity Fund USD per Share
A Dist
0.0027
Semi Annually
C Dist
0.0896
Semi Annually
Invesco Pan European Equity Income Fund EUR per Share
A Dist
0.0996
Semi Annually
Invesco Asia Infrastructure Fund USD per Share
A Dist
0.1687
Semi Annually
Invesco Asia Consumer Demand Fund USD per Share
A Dist
0.0280
Semi Annually
Invesco Global Income Real Estate Securities Fund USD per Share
A Dist
0.0740
Quarterly
A Dist
0.0743
Quarterly
Invesco Global Bond Fund USD per Share
A Dist
0.0272
Semi Annually
Invesco European Bond Fund EUR per Share
A Dist
0.0570
Semi Annually
Invesco Euro Corporate Bond Fund EUR per Share
A Dist
0.0277
Monthly
R Dist
0.0190
Monthly
A Dist
0.0309
Monthly
R Dist
0.0208
Monthly
A Dist
0.0290
Monthly
R Dist
0.0194
Monthly
A Dist
0.0313
Monthly
R Dist
0.0222
Monthly
A Dist
0.0334
Monthly
R Dist
0.0232
Monthly
A Dist
0.0292
Monthly
R Dist
0.0199
Monthly
Invesco UK Investment Grade Bond Fund GBP per Share
A Dist
0.0057
Quarterly
A Dist
0.0060
Quarterly
C Dist
0.0552
Quarterly
Invesco Emerging Local Currencies Debt Fund USD, EUR and HKD per Share
A Dist (USD)
0.0504
Monthly
A Dist (EUR)
0.0244
Monthly
R Dist (USD)
0.0391
Monthly
A Dist (HKD)
0.2772
Monthly
A Dist (USD)
0.0518
Monthly
A Dist (EUR)
0.0278
Monthly
R Dist (USD)
0.0401
Monthly
A Dist (HKD)
0.3229
Monthly
A Dist (USD)
0.0488
Monthly
A Dist (EUR)
0.0256
Monthly
R Dist (USD)
0.0378
Monthly
A Dist (HKD)
0.2958
Monthly
A Dist (USD)
0.0457
Monthly
A Dist (EUR)
0.0220
Monthly
R Dist (USD)
0.0354
Monthly
A Dist (HKD)
0.2513
Monthly
A Dist (USD)
0.0454
Monthly
A Dist (EUR)
0.0352
Monthly
R Dist (USD)
0.0352
Monthly
A Dist (HKD)
0.4133
Monthly
A Dist (USD)
0.0432
Monthly
A Dist (EUR)
0.0204
Monthly
R Dist (USD)
0.0335
Monthly
A Dist (HKD)
0.2466
Monthly
Invesco Global Investment Grade Corporate Bond Fund USD and HKD per Share
A Dist (USD)
0.0316
Monthly
A Dist (HKD)
0.3082
Monthly
A Dist (USD)
0.0284
Monthly
A Dist (HKD)
0.2755
Monthly
A Dist (USD)
0.0291
Monthly
A Dist (HKD)
0.2826
Monthly
A Dist (USD)
0.0265
Monthly
133
Invesco Funds
Record Date
Distribution Pay
Date
30 August 2013*
23 September 2013
30 August 2013*
23 September 2013
30 August 2013*
30 August 2013*
23 September 2013
23 September 2013
30 August 2013*
23 September 2013
30 August 2013*
23 September 2013
30 August 2013*
23 September 2013
31 May 2013
30 August 2013*
21 June 2013
23 September 2013
30 August 2013*
23 September 2013
30 August 2013*
23 September 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
30 June 2013
30 June 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
22 April 2013
22 April 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
22 July 2013
22 July 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
31 May 2013
30 August 2013*
30 August 2013*
21 June 2013
23 September 2013
23 September 2013
31 March 2013
31 March 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
31 May 2013
31 May 2013
30 June 2013
30 June 2013
30 June 2013
30 June 2013
31 July 2013
31 July 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
30 August 2013*
30 August 2013*
22 April 2013
22 April 2013
22 April 2013
22 April 2013
13 May 2013
13 May 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
21 June 2013
21 June 2013
22 July 2013
22 July 2013
22 July 2013
22 July 2013
21 August 2013
21 August 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
23 September 2013
23 September 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
30 June 2013
22 April 2013
22 April 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
22 July 2013

Type of Share
Distribution
Rate
Frequency
Distribution
Invesco Global Investment Grade Corporate Bond Fund USD and HKD per Share (continued)
A Dist (HKD)
0.2583
Monthly
A Dist (USD)
0.0315
Monthly
A Dist (HKD)
0.2993
Monthly
A Dist (USD)
0.0286
Monthly
A Dist (HKD)
0.2769
Monthly
Invesco Global Total Return (EUR) Bond Fund EUR per Share
R Dist
0.0024
Monthly
R Dist
0.0034
Monthly
E Dist
0.0242
Quarterly
R Dist
0.0053
Monthly
R Dist
0.0116
Monthly
R Dist
0.0108
Monthly
E Dist
0.0473
Quarterly
R Dist
0.0108
Monthly
Invesco Emerging Market Corporate Bond Fund USD per Share
A Dist
0.0420
Monthly
R Dist
0.0354
Monthly
A Dist
0.0421
Monthly
R Dist
0.0356
Monthly
A Dist
0.0415
Monthly
R Dist
0.0350
Monthly
A Dist
0.0390
Monthly
R Dist
0.0329
Monthly
A Dist
0.0394
Monthly
R Dist
0.0332
Monthly
A Dist
0.0380
Monthly
R Dist
0.0321
Monthly
Invesco Asian Bond Fund USD and HKD per Share
A Dist (USD)
0.0277
Monthly
A Dist (HKD)
0.2772
Monthly
R Dist (USD)
0.0215
Monthly
A Dist (USD)
0.0281
Monthly
A Dist (HKD)
0.2802
Monthly
R Dist (USD)
0.0207
Monthly
A Dist (USD)
0.0295
Monthly
A Dist (HKD)
0.2943
Monthly
R Dist (USD)
0.0225
Monthly
A Dist (USD)
0.0269
Monthly
A Dist (HKD)
0.2676
Monthly
R Dist (USD)
0.0208
Monthly
A Dist (USD)
0.0318
Monthly
A Dist (HKD)
0.3172
Monthly
R Dist (USD)
0.0248
Monthly
A Dist (USD)
0.0307
Monthly
A Dist (HKD)
0.3063
Monthly
R Dist (USD)
0.0244
Monthly
Invesco US High Yield Bond Fund USD and HKD per Share
A Dist (USD)
0.0438
Monthly
A Dist (HKD)
0.3618
Monthly
A Dist (USD)
0.0446
Monthly
A Dist (HKD)
0.3951
Monthly
A Dist (USD)
0.0442
Monthly
A Dist (HKD)
0.3890
Monthly
A Dist (USD)
0.0426
Monthly
A Dist (HKD)
0.3320
Monthly
A Dist (USD)
0.0435
Monthly
A Dist (HKD)
0.3901
Monthly
A Dist (USD)
0.0429
Monthly
A Dist (HKD)
0.3839
Monthly
Invesco Asia Balanced Fund USD and HKD per Share
A Dist (USD)
0.2733
Quarterly
A Dist (HKD)
2.1305
Quarterly
A Dist (USD)
0.0484
Monthly
A Dist (USD)
0.1947
Quarterly
A Dist (HKD)
1.5162
Quarterly
A Dist (USD)
0.0488
Monthly
134
Invesco Funds
Record Date
Distribution Pay
Date
30 June 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
22 July 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
31 March 2013
30 April 2013
31 May 2013
31 May 2013
30 June 2013
31 July 2013
30 August 2013*
30 August 2013*
22 April 2013
13 May 2013
21 June 2013
21 June 2013
22 July 2013
21 August 2013
23 September 2013
23 September 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
30 June 2013
30 June 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
22 April 2013
22 April 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
22 July 2013
22 July 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
31 March 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
31 May 2013
30 June 2013
30 June 2013
30 June 2013
31 July 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
30 August 2013*
22 April 2013
22 April 2013
22 April 2013
13 May 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
21 June 2013
22 July 2013
22 July 2013
22 July 2013
21 August 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
23 September 2013
31 March 2013
31 March 2013
30 April 2013
30 April 2013
31 May 2013
31 May 2013
30 June 2013
30 June 2013
31 July 2013
31 July 2013
30 August 2013*
30 August 2013*
22 April 2013
22 April 2013
13 May 2013
13 May 2013
21 June 2013
21 June 2013
22 July 2013
22 July 2013
21 August 2013
21 August 2013
23 September 2013
23 September 2013
31 May 2013
31 May 2013
31 July 2013
30 August 2013*
30 August 2013*
30 August 2013*
21 June 2013
21 June 2013
21 August 2013
23 September 2013
23 September 2013
23 September 2013

Type of Share
Distribution
Rate
Invesco Pan European High Income Fund EUR per Share

A Dist
A Dist
0.1318
0.1143
Frequency
Distribution
Record Date
Distribution Pay
Date
Quarterly
Quarterly
31 May 2013
30 August 2013*
21 June 2013
23 September 2013
* Distributions with a record date 30 August 2013 and pay date 23 September 2013 have not been reflected in the Financial Statements. These
distributions impact the Net Asset Values calculated on 2 September 2013.
The Invesco Asia Balanced Fund A (Monthly Distributing 1) USD Class, launched on 21 August 2013, is due to have its first distribution on Record
Date 30 September 2013. The first distribution for the Z Share Classes launched 21 August 2013 will have a Record Date of 29 November 2013 (for
Quarterly Distributing Classes) and 28 February 2014 (for Annually & Semi-Annually Distributing Classes).
7.
Forward Foreign Exchange Contracts
Forward foreign exchange contracts open at 31 August 2013 were as follows:

Details of Forward Foreign Exchange Contracts
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
63,964
110,632
119,102
2,114,005
1,236,080
2,231,870
3,083,965
6,163,014
19,044,319
1,456,837
25,596,442
16,184,541
20,304,874
USD
SGD
GBP
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
41,237
86,356
180,458
1,962,050
1,562,765
1,677,813
2,308,019
34,553,371
1,866,781,254
1,826,160
33,808,542
16,717,012
22,267,290
GBP
USD
USD
CHF
SGD
EUR
EUR
DKK
JPY
NZD
USD
CAD
AUD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
Total unrealised gain on open forward foreign exchange contracts

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
12,419,720
2,310,637
1,050,620
666,845
221,826,044
637,581
3,287,500
351,337
USD
CAD
AUD
NZD
JPY
EUR
GBP
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
8,040,371
2,236,281
961,286
537,323
2,277,821
849,060
5,100,458
468,613
GBP
USD
USD
USD
USD
USD
USD
USD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
to Sell
to Sell
to Sell
to Sell
Counterparty
3,481
73,477
3,525,677
21,748,422
GBP
USD
EUR
USD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon

Buy
Buy
Buy
726,713
182,741
1,185
EUR
USD
GBP
to Sell
to Sell
to Sell
(43,112)
(41,016)
(22,948)
(19,676)
(18,986)
(4,912)
(4,569)
(3,442)
Unrealised
Gain/(Loss)
USD
34
1,667
42,451
51,341
968,092
1,906,902
1,843
USD
ZAR
USD
BNY Mellon
BNY Mellon
BNY Mellon
(5,937)
(1,911)
(6)
(7,854)
Total net unrealised gain on open forward foreign exchange contracts
87,639

261,183
5,840,874
USD
EUR
Counterparty
to Sell
to Sell
195,798
7,714,798
EUR
USD
BNY Mellon
BNY Mellon

Buy
130,233
EUR
to Sell
173,355

Invesco Funds
09/09/2013
09/09/2013
09/09/2013
09/09/2013
Unrealised
Gain/(Loss)
USD
1,950
18,431
09/09/2013
03/09/2013
09/09/2013
Maturity Date
09/09/2013
09/09/2013
20,381
Total unrealised loss on open forward foreign exchange contracts
135
Maturity Date
95,493
Buy
Buy
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
09/09/2013
13/09/2013
803,172

USD
GBP
USD
EUR
09/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
(158,661)
5,429
48,478
4,710,396
16,465,260
Maturity Date
961,833
Buy
Buy
Buy
Buy
Unrealised
Gain/(Loss)
USD
43
455
4,160
4,786
9,804
10,439
28,182
29,314
35,053
39,256
80,769
302,227
417,345
USD
BNY Mellon
(928)
(928)
19,453
09/09/2013

7.
Forward Foreign Exchange Contracts (continued)

Buy
Buy
58,536
1,248,949
USD
EUR
Counterparty
to Sell
to Sell
43,963
1,649,649
EUR
USD
BNY Mellon
BNY Mellon
Unrealised
Gain/(Loss)
USD
331
3,942

Buy
237,474
EUR
to Sell
316,918
USD
BNY Mellon
(2,506)
1,767

USD
EUR
Counterparty
to Sell
to Sell
95,546
495,819
EUR
USD
BNY Mellon
BNY Mellon
Unrealised
Gain/(Loss)
USD
1,055
1,185

Buy
29,603
EUR
to Sell
39,455
USD
BNY Mellon
(262)
Counterparty
to Sell
to Sell
1,407,065
10,432,371
EUR
USD
BNY Mellon
BNY Mellon
Unrealised
Gain/(Loss)
USD
17,427
24,830

Buy
634,754
EUR
to Sell
844,199
USD
BNY Mellon
(3,794)
(3,794)
38,463

1,588,961
1,416,598
1,590,504
1,503,484
1,503,591
3,005,046
1,794,440
USD
USD
USD
USD
USD
USD
USD
Unrealised
Gain/(Loss)
USD
Citi Bank
341
State Street Bank Equity
1,682
BNY Mellon
1,884
BNY Mellon
2,518
2,626
Citi Bank
3,114
Citi Bank
31,258
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
1,024,895
912,830
1,024,895
1,133,657
1,133,656
2,267,313
1,855,847
GBP
GBP
GBP
EUR
EUR
EUR
CAD

Buy
Buy
Buy
Buy
1,326,878
1,329,022
1,296,907
1,588,231
USD
USD
USD
USD
to Sell
to Sell
to Sell
to Sell
1,243,185
1,243,180
1,213,140
1,024,895
CHF
CHF
CHF
GBP
Citi Bank
BNY Mellon
Citi Bank
Counterparty
to Sell
to Sell
224,689
1,765,220
EUR
USD
BNY Mellon
BNY Mellon

Buy
69,700
EUR
to Sell
92,795
Invesco Funds
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
(9,555)
(7,406)
(7,227)
(389)
13/09/2013
13/09/2013
13/09/2013
13/09/2013
Gain/(Loss)
USD
2,811
4,208
Maturity Date
09/09/2013
09/09/2013
7,019
136
Maturity Date
18,846

USD
EUR
09/09/2013
(24,577)
300,299
1,336,439
09/09/2013
09/09/2013
43,423
Buy
Buy
Maturity Date
42,257
Buy
Buy
Buy
Buy
Buy
Buy
Buy
09/09/2013
1,978

USD
EUR
09/09/2013
09/09/2013
(262)
1,880,361
7,898,275
Maturity Date
2,240
Buy
Buy
09/09/2013
(2,506)
127,558
375,383
09/09/2013
09/09/2013
4,273
Buy
Buy
Maturity Date
USD
BNY Mellon
(512)
(512)
6,507
09/09/2013

7.

Buy
Buy
70,822
216,779,101
EUR
JPY
Counterparty
to Sell
to Sell
9,135,040
1,665,685
JPY
EUR
BNY Mellon
BNY Mellon

Buy
Buy
37,427,950
306,840,859
EUR
JPY
to Sell
to Sell
Unrealised
Gain/(Loss)
JPY
73,345
202,272
4,916,111,711
2,376,124
JPY
EUR
BNY Mellon
BNY Mellon
(49,628,863)
(2,109,087)
(51,737,950)
Total net unrealised loss on open forward foreign exchange contracts
(51,462,333)

700,131
7,547,678
USD
EUR
Counterparty
to Sell
to Sell
524,568
9,969,440
EUR
USD
BNY Mellon
BNY Mellon

Buy
774,643
EUR
to Sell
Unrealised
Gain/(Loss)
USD
5,611
23,574
1,032,652
USD
BNY Mellon
(7,036)
(7,036)
22,149

2,690,993
17,522,217
USD
EUR
Counterparty
to Sell
to Sell
2,016,693
23,144,403
EUR
USD
BNY Mellon
BNY Mellon

Buy
Buy
339,949
104,394
EUR
USD
to Sell
to Sell
Unrealised
Gain/(Loss)
USD
20,920
54,755
453,351
79,068
USD
EUR
BNY Mellon
BNY Mellon
(3,264)
(291)
(3,555)
72,120

9,225,686
68,313,109
USD
EUR
Counterparty
to Sell
to Sell
6,908,734
90,234,287
EUR
USD
BNY Mellon
BNY Mellon

Buy
Buy
3,034,855
3,126
EUR
USD
to Sell
to Sell
Unrealised
Gain/(Loss)
USD
78,624
211,263
4,045,279
2,367
USD
EUR
BNY Mellon
BNY Mellon
(27,176)
(9)
(27,185)
262,702
Invesco Energy Fund

1,607,604
5,971,640
USD
EUR
Counterparty
to Sell
to Sell
1,205,363
7,889,052
EUR
USD
BNY Mellon
BNY Mellon

Buy
Buy
477,122
2,944
EUR
USD
to Sell
to Sell
Unrealised
Gain/(Loss)
USD
11,721
17,310
635,194
2,230
USD
EUR
BNY Mellon
BNY Mellon
(3,490)
(8)
(3,498)
25,533
Invesco Funds
09/09/2013
Maturity Date
09/09/2013
09/09/2013
09/09/2013
09/09/2013
Maturity Date
09/09/2013
09/09/2013
09/09/2013
09/09/2013
Maturity Date
09/09/2013
09/09/2013
29,031
137
09/09/2013
09/09/2013
289,887
Buy
Buy
Maturity Date
75,675
Buy
Buy
09/09/2013
09/09/2013
29,185
Buy
Buy
09/09/2013
09/09/2013
275,617
Buy
Buy
Maturity Date
09/09/2013
09/09/2013

7.

Buy
Buy
2,561,044
1,303,149
EUR
USD
Counterparty
to Sell
to Sell
3,383,431
976,570
USD
EUR
BNY Mellon
BNY Mellon

Buy
Buy
1,158,323
77,372
EUR
USD
to Sell
to Sell
1,543,510
58,445
USD
EUR
BNY Mellon
BNY Mellon
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
10,491
2,000,000
3,000,000
5,000,000
1,000,000
16,947,245
3,000,000
6,563,660
6,013,580
EUR
GBP
EUR
EUR
AUD
USD
USD
USD
USD
BNY Mellon
Citi Bank
JP Morgan Chase
JP Morgan Chase
JP Morgan Chase
BNY Mellon
JP Morgan Chase
JP Morgan Chase
JP Morgan Chase

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
7,444,480
11,719,107
5,965,100
3,026,220
5,000,000
2,604,842
3,072,960
1,000,000
1,530,820
2,000,000
2,000,000
3,963,462
3,964,005
3,305,112
81,215
5,257
USD
USD
USD
USD
USD
USD
USD
AUD
USD
GBP
GBP
USD
USD
USD
EUR
USD
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
5,800,000
9,000,000
3,971,215
2,000,000
3,269,662
2,000,000
2,000,000
692,833
1,000,000
3,112,680
3,111,080
3,000,000
3,000,000
2,500,000
108,437
3,981
(9,907)
(8)
Unrealised
Gain/(Loss)
USD
34
2,097
7,968
13,255
24,578
40,485
47,239
56,614
187,028
EUR
EUR
GBP
GBP
GBP
EUR
GBP
EUR
GBP
USD
USD
EUR
EUR
EUR
USD
EUR
JP Morgan Chase
(234,635)
Citi Bank
(197,094)
JP Morgan Chase
(190,887)
Citi Bank
(73,263)
Citi Bank
(68,355)
Citi Bank
(43,101)
JP Morgan Chase
(26,671)
JP Morgan Chase
(24,868)
Royal Bank of Scotland (19,008)
Citi Bank
(13,197)
JP Morgan Chase
(11,598)
Royal Bank of Scotland
(8,937)
JP Morgan Chase
(8,410)
JP Morgan Chase
(5,206)
BNY Mellon
(909)
BNY Mellon
(14)
(926,153)
(546,855)

9,680,000
5,574,833
GBP
EUR
Counterparty
to Sell
to Sell
11,320,049
43,700,000
EUR
NOK
BNY Mellon
BNY Mellon

Buy
Buy
31,032,913
6,305,357
EUR
EUR
to Sell
to Sell
26,670,000
51,470,000

138
Invesco Funds
Maturity Date
09/09/2013
07/10/2013
24/09/2013
01/10/2013
24/09/2013
09/09/2013
24/09/2013
24/09/2013
03/09/2013
379,298
Buy
Buy
09/09/2013
09/09/2013
7,626

USD
USD
USD
USD
USD
EUR
GBP
EUR
GBP
09/09/2013
09/09/2013
(9,915)
13,923
3,101,580
3,980,133
6,633,700
917,059
12,830,754
1,966,088
5,000,000
4,000,000
Maturity Date
17,541
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Unrealised
Gain/(Loss)
USD
7,355
10,186
Unrealised
Gain/(Loss)
EUR
4,323
191,530
09/09/2013
17/09/2013
03/09/2013
07/10/2013
06/09/2013
06/09/2013
01/10/2013
24/09/2013
30/09/2013
07/10/2013
07/10/2013
09/10/2013
10/10/2013
08/10/2013
09/09/2013
09/09/2013
Maturity Date
15/11/2013
15/11/2013
195,853
GBP
NOK
BNY Mellon
Citi Bank
(167,605)
(35,114)
(202,719)
(6,866)
15/11/2013
15/11/2013

7.

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
316,818
411,012
109,084
134,217
3,700,000
330,000
72,450,000
90,593
376,976
20,100,000
1,080,000
108,919
200,000
1,096,745
1,535,925
279,454
563,624
849,890
1,228,758
1,049,922
775,066
7,923,239
2,774,685
EUR
USD
USD
USD
MXN
GBP
JPY
GBP
EUR
JPY
SGD
EUR
GBP
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
390,000
460,000
70,000
170,000
351,796
384,341
555,109
103,853
320,000
201,475
842,746
850,000
304,748
7,210,000
1,152,102
880,000
7,350,000
82,073,338
1,270,000
1,320,000
4,530,000
10,351,859
2,900,000
CHF
AUD
GBP
SGD
SGD
EUR
EUR
EUR
GBP
USD
USD
NOK
USD
SEK
EUR
MYR
MXN
JPY
CAD
NZD
NOK
USD
AUD
BNY Mellon
Goldman Sachs
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
1,600,000
3,270,536
5,130,000
1,007,362
1,506,478
1,490,852
68,650,000
480,000
487,946
1,100,000
880,000
548,827
3,650,000
640,664
680,000
600,000
660,000
7,210,000
325,915
426,024
533,570
346,301
1,400,000
215,398
460,000
40,000
132,513
130,000
390,764
AUD
USD
NOK
USD
EUR
EUR
JPY
AUD
USD
PEN
MYR
USD
MXN
USD
GBP
CAD
NZD
SEK
EUR
USD
EUR
EUR
PLN
USD
CHF
CAD
USD
GBP
USD
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
1,503,497
2,150,742
663,652
101,133,080
1,297,213
1,989,094
713,991
561,830
465,000
401,826
277,953
621,750,000
282,427
490,309
1,060,253
575,229
517,410
826,560
1,400,000
2,650,000
660,000
2,820,000
330,017
280,000
374,366
29,193
140,000
152,505
1,100,000

139
Invesco Funds
Unrealised
Gain/(Loss)
EUR
155
233
443
619
870
1,974
2,107
2,211
2,368
2,421
3,562
3,955
3,962
4,991
7,939
9,315
9,792
10,669
16,859
19,337
25,984
104,774
140,079
Maturity Date
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
09/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
374,619
USD
GBP
EUR
JPY
GBP
USD
USD
SGD
CHF
USD
USD
KRW
USD
EUR
USD
USD
USD
EUR
PLN
CNY
CHF
NOK
EUR
NZD
EUR
EUR
CAD
EUR
PEN
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
Citi Bank
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
(56,617)
(47,623)
(30,159)
(16,986)
(12,104)
(11,454)
(11,267)
(9,291)
(9,027)
(8,295)
(8,182)
(7,776)
(6,775)
(6,433)
(4,737)
(3,972)
(3,965)
(3,211)
(2,421)
(2,398)
(2,320)
(1,935)
(1,682)
(1,421)
(867)
(495)
(363)
(321)
(60)
(272,157)
102,462
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
23/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
21/11/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013
18/09/2013

7.

Buy
Buy
4,898,537
3,290,643
GBP
GBP
Counterparty
to Sell
to Sell
5,700,000
5,000,000
EUR
USD
BNY Mellon
BNY Mellon

Buy
Buy
400,000
375,000
USD
EUR
to Sell
to Sell
Unrealised
Gain/(Loss)
GBP
30,213
65,128
262,614
321,281
GBP
GBP
BNY Mellon
BNY Mellon
(4,573)
(997)
(5,570)
89,771

1,293
6,200,000
21,246,000
19,673,562
157,727,803
9,550,000
USD
USD
USD
USD
EUR
USD
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
968
63,566,120
23,743,853
14,746,193
208,331,712
10,121,887
EUR
ZAR
AUD
EUR
USD
AUD
BNY Mellon
Barclays
Citi Bank
BNY Mellon
BNY Mellon
Barclays

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
175,654,490
1,878,198,841
23,743,853
10,121,887
13,029,600
5,662,660
11,225,752
19,000,000
5,853,971
930,727
74,718
ZAR
JPY
AUD
AUD
USD
USD
USD
USD
EUR
USD
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
17,900,000
19,923,400
21,673,389
9,279,644
10,000,000
4,410,000
8,600,000
1,878,203,200
7,795,478
704,403
100,034
Unrealised
Gain/(Loss)
USD
11
97,444
124,126
149,820
497,574
511,650
USD
USD
USD
USD
EUR
EUR
EUR
JPY
USD
EUR
USD
Barclays
Barclays
Citi Bank
Barclays
Citi Bank
Barclays
Barclays
Barclays
BNY Mellon
BNY Mellon
BNY Mellon
(1,036,594)
(797,954)
(551,515)
(241,295)
(210,067)
(176,911)
(160,282)
(125,490)
(44,906)
(1,892)
(1,110)
(3,348,016)
(1,967,391)

1,873
1,019,295
433,933
101,580
8,091,000
1,872,989
2,397,768
16,533,174
12,171,756
USD
USD
USD
GBP
USD
USD
USD
USD
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
Counterparty
1,196
100,000,000
325,350
153,910
5,220,000
1,200,000
1,800,000
12,460,000
16,076,820
GBP
JPY
EUR
USD
GBP
GBP
EUR
EUR
USD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon

Buy
Buy
Buy
Buy
Buy
Buy
Buy
15,791,202
6,079,801
1,010,950
1,540,000
661,300
967,294
6,356
USD
USD
USD
EUR
USD
USD
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
12,200,000
4,020,000
100,000,000
2,045,320
500,000
730,800
8,503
Unrealised
Gain/(Loss)
USD
19
435
3,175
3,548
5,313
12,806
14,645
29,969
38,405
EUR
GBP
JPY
USD
EUR
EUR
USD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
(361,079)
(151,810)
(7,295)
(6,426)
(947)
(274)
(88)
(527,919)
(419,604)
Invesco Funds
Maturity Date
06/09/2013
28/10/2013
12/11/2013
09/09/2013
09/09/2013
16/09/2013
28/10/2013
12/09/2013
12/11/2013
16/09/2013
05/09/2013
15/10/2013
03/09/2013
12/09/2013
09/09/2013
09/09/2013
06/09/2013
Maturity Date
09/09/2013
17/12/2013
09/09/2013
09/09/2013
17/12/2013
03/09/2013
03/09/2013
17/12/2013
09/09/2013
108,315
140
04/09/2013
04/09/2013
1,380,625
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
04/09/2013
04/09/2013
95,341
Buy
Buy
Buy
Buy
Buy
Buy
Maturity Date
03/09/2013
03/09/2013
03/09/2013
03/09/2013
17/12/2013
09/09/2013
09/09/2013

7.

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
43,014
43,072
43,135
200,000
513,345
86,386
130,824
130,830
165,641
518,190
297,401
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
Unrealised
Gain/(Loss)
GBP
JP Morgan Chase
300
Citi Bank
358
Citi Bank
424
JP Morgan Chase
568
JP Morgan Chase
896
952
JP Morgan Chase
2,657
2,665
JP Morgan Chase
4,323
JP Morgan Chase
5,367
Citi Bank
7,030
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
50,000
50,000
50,000
30,348,000
600,000
100,000
150,000
150,000
250,000
600,000
450,000
EUR
EUR
EUR
JPY
EUR
EUR
EUR
EUR
USD
EUR
USD

Buy
Buy
Buy
Buy
Buy
1,120,442
600,000
353,685
116,039
200,000
EUR
EUR
GBP
GBP
GBP
to Sell
to Sell
to Sell
to Sell
to Sell
979,312
517,852
550,000
17,758,100
234,252
GBP
GBP
USD
JPY
EUR
BNY Mellon
JP Morgan Chase
JP Morgan Chase
JP Morgan Chase
JP Morgan Chase
(22,297)
(5,403)
(1,235)
(638)
(149)
(4,182)

EUR
EUR
EUR
EUR
EUR
Unrealised
Gain/(Loss)
EUR
1,810
Citi Bank
3,404
JP Morgan Chase
29,315
JP Morgan Chase
43,503
Citi Bank
57,161
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
1,000,000
1,000,000
4,500,000
4,500,000
4,500,000
GBP
GBP
USD
USD
USD

Buy
Buy
Buy
Buy
8,239,408
746,936
747,574
1,507,454
EUR
EUR
EUR
EUR
to Sell
to Sell
to Sell
to Sell
11,000,000
1,000,000
1,000,000
2,000,000
USD
USD
USD
USD

JP Morgan Chase
JP Morgan Chase
JP Morgan Chase
Counterparty
to Sell
to Sell
2,318,779
69,472,233
EUR
USD
BNY Mellon
BNY Mellon

Buy
Buy
Buy
2,532,078
74,718
12,363
EUR
EUR
USD
to Sell
to Sell
to Sell
(67,502)
(8,256)
(7,554)
(3,018)
Unrealised
Gain/(Loss)
USD
27,457
165,550
3,374,166
100,034
9,341
USD
USD
EUR
BNY Mellon
BNY Mellon
BNY Mellon
(21,730)
(1,110)
(4)
(22,844)
170,163

2,140,736
1,036,063
EUR
EUR
Counterparty
to Sell
to Sell
1,860,000
1,375,000
GBP
USD
BNY Mellon
BNY Mellon
(37,826)
(37,826)

2,324
96,208
USD
GBP
Counterparty
to Sell
to Sell
1,484
145,770
GBP
USD
BNY Mellon
BNY Mellon
Unrealised
Loss
USD
24
3,360
3,384
3,384
141
Invesco Funds
09/09/2013
09/09/2013
09/09/2013
06/09/2013
09/09/2013
Unrealised
Gain/(Loss) Maturity Date
EUR
(35,567)
31/10/2013
(2,259)
31/10/2013
Buy
Buy
Maturity Date
193,007
Buy
Buy
21/10/2013
15/10/2013
05/11/2013
01/10/2013
48,863

USD
EUR
21/10/2013
06/09/2013
24/09/2013
16/09/2013
17/09/2013
(86,330)
3,097,485
52,597,101
Maturity Date
135,193
Buy
Buy
09/09/2013
03/09/2013
15/10/2013
24/09/2013
07/10/2013
(29,722)
1,172,003
1,174,212
3,427,966
3,442,249
3,455,895
24/09/2013
23/09/2013
17/09/2013
07/10/2013
03/09/2013
30/09/2013
10/10/2013
09/10/2013
07/10/2013
05/11/2013
07/10/2013
25,540
Buy
Buy
Buy
Buy
Buy
Maturity Date
Maturity Date
09/09/2013
09/09/2013

7.

Buy
Buy
1,873,178
24,215,956
USD
EUR
Counterparty
to Sell
to Sell
1,407,764
31,985,924
EUR
USD
BNY Mellon
BNY Mellon
Unrealised
Gain/(Loss)
USD
9,318
75,647

Buy
2,553,597
EUR
to Sell
3,405,645
USD
BNY Mellon
(24,721)
60,244

JPY
EUR
EUR
EUR
JPY
EUR
Unrealised
Gain/(Loss)
EUR
Goldman Sachs
121
1,280
3,048
BNY Mellon
4,345
BNY Mellon
6,165
BNY Mellon
26,587
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
180,618
159,000
18,200,000
42,400,000
518,530
2,955,838
EUR
GBP
JPY
JPY
EUR
USD

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
16,994,489
3,465,312
855,404
40,300,000
495,469
21,100,000
213,649
112,461
81,000
100,000
EUR
USD
EUR
JPY
EUR
JPY
EUR
EUR
GBP
GBP
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
22,574,766
2,639,832
113,300,000
317,738
427,000
164,160
27,900,000
150,000
95,319
117,258
USD
EUR
JPY
EUR
GBP
EUR
JPY
USD
EUR
EUR
Citi Bank
BNY Mellon
Goldman Sachs
Goldman Sachs
Citi Bank
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
Counterparty
to Sell
to Sell
to Sell
938
1,670,798
35,747,108
EUR
EUR
USD
BNY Mellon
BNY Mellon
BNY Mellon

Buy
Buy
Buy
84,427,925
309,905
74,718
USD
EUR
EUR
to Sell
to Sell
to Sell
95,000,000
412,861
100,034
(55,889)
(22,534)
(15,986)
(7,791)
(4,426)
(1,880)
(930)
(832)
(491)
(186)
Unrealised
Gain/(Loss)
USD
13
20,445
85,395
AUD
USD
USD
Goldman Sachs
BNY Mellon
BNY Mellon
(441,529)
(2,549)
(1,110)
(445,188)
(339,335)
Invesco Funds
Maturity Date
06/09/2013
09/09/2013
09/09/2013
105,853
142
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
(69,399)

USD
USD
EUR
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
(110,945)
1,255
2,232,557
27,064,126
Maturity Date
41,546
Buy
Buy
Buy
09/09/2013
(24,721)
23,500,000
187,423
143,024
330,444
68,222,000
2,259,087
09/09/2013
09/09/2013
84,965
Buy
Buy
Buy
Buy
Buy
Buy
Maturity Date
09/09/2013
09/09/2013
06/09/2013

7.

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
5,279,059
161,102
1,944,552
2,441,365
2,348,424
5,860,016
1,000,000
1,918,699
4,606,805
6,232,806
EUR
EUR
EUR
EUR
EUR
EUR
GBP
EUR
EUR
EUR
Unrealised
Gain/(Loss)
EUR
JP Morgan Chase
689
JP Morgan Chase
1,438
Citi Bank
4,225
JP Morgan Chase
4,953
Citi Bank
6,808
9,049
JP Morgan Chase
12,216
21,813
Citi Bank
74,985
JP Morgan Chase
190,443
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
6,500,000
1,400,000
17,000,000
3,000,000
2,000,000
5,000,000
1,158,632
16,626,000
6,000,000
8,000,000
CHF
SEK
SEK
CHF
GBP
GBP
EUR
SEK
USD
USD

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
11,448,983
4,050,218
5,226,875
3,473,991
4,998,307
1,738,749
1,741,281
1,157,876
1,618,412
1,504,881
3,000,000
581,200
605,259
809,684
1,168,805
404,494
404,555
2,435,294
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CHF
EUR
EUR
EUR
EUR
EUR
EUR
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
10,000,000
3,500,000
4,500,000
3,000,000
6,200,000
1,500,000
1,500,000
1,000,000
2,000,000
2,000,000
2,440,625
500,000
750,000
1,000,000
1,000,000
500,000
500,000
3,000,000
GBP
GBP
GBP
GBP
CHF
GBP
GBP
GBP
CHF
USD
EUR
GBP
CHF
CHF
GBP
CHF
CHF
CHF
Citi Bank
(254,933)
JP Morgan Chase
(47,149)
JP Morgan Chase
(39,377)
JP Morgan Chase
(37,439)
Citi Bank
(17,245)
Citi Bank
(14,595)
JP Morgan Chase
(12,118)
Citi Bank
(5,641)
(5,466)
JP Morgan Chase
(4,927)
JP Morgan Chase
(4,085)
JP Morgan Chase
(3,703)
(2,316)
JP Morgan Chase
(2,043)
Citi Bank
(1,493)
JP Morgan Chase
(1,434)
JP Morgan Chase
(404)
(490,955)
(164,335)

264,897
4,817,129
2,956,339,833
EUR
EUR
JPY
Counterparty
to Sell
to Sell
to Sell
34,186,730
6,700,000
22,546,551
JPY
CAD
EUR
BNY Mellon
BNY Mellon
BNY Mellon

Buy
Buy
Buy
Buy
Buy
Buy
255,923
998,939
3,549,021
2,808,890
78,467
1,350
EUR
EUR
EUR
EUR
USD
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
33,402,635
130,000,000
4,700,000
2,400,000
59,408
1,807
JPY
JPY
USD
GBP
EUR
USD
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
BNY Mellon
143
75,457
350,475
1,100,000
449,201
75,593
1,954,238
1,345,704
3,976,607
5,260,746
1,690,680
2,485,432
491,600,000
16,268,039
1,850,460
Invesco Funds
(976)
(905)
(644)
(385)
(142)
(15)
Unrealised
Gain/(Loss)
EUR
BNY Mellon
62
BNY Mellon
75
Goldman Sachs
514
BNY Mellon
649
BNY Mellon
846
2,002
Citi Bank
3,427
Citi Bank
6,735
7,475
BNY Mellon
8,650
Goldman Sachs
10,461
Goldman Sachs
11,394
Citi Bank
20,859
Citi Bank
22,685
Counterparty
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
09/09/2013
27/09/2013
09/09/2013
09/09/2013
27/09/2013
27/09/2013
27/09/2013
09/09/2013
09/09/2013
200,770

GBP
EUR
EUR
EUR
USD
AUD
AUD
HKD
GBP
USD
AUD
EUR
CAD
GBP
Maturity Date
(3,067)
64,502
264,787
789,844
526,559
101,204
2,900,000
2,000,000
40,900,000
4,500,000
2,249,887
3,700,000
3,792,288
22,700,000
1,600,000
Unrealised
Gain/(Loss)
EUR
1,969
11,311
190,557
07/10/2013
16/09/2013
15/10/2013
01/10/2013
21/10/2013
17/09/2013
23/09/2013
05/11/2013
07/10/2013
21/10/2013
03/09/2013
24/09/2013
16/09/2013
30/09/2013
03/09/2013
23/09/2013
24/09/2013
03/09/2013
203,837
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
15/10/2013
05/11/2013
07/10/2013
05/11/2013
06/09/2013
21/10/2013
03/09/2013
21/10/2013
06/09/2013
09/09/2013
326,619
Buy
Buy
Buy
Maturity Date
EUR
USD
CAD
GBP
EUR
EUR
EUR
EUR
EUR
EUR
EUR
JPY
EUR
EUR
Maturity Date
06/09/2013
09/09/2013
13/09/2013
09/09/2013
06/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013

7.
Invesco Balanced-Risk Allocation Fund (continued)

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
1,369,578
8,050,924
35,900,000
1,745,000,000
2,126,700,000
24,678,577
11,714,724
141,672,000
23,498,545
20,482,029
4,298,743
10,055,039
13,346,334
27,700,000
44,514,803
12,059,323
27,752,110
25,425,288
21,580,453
32,685,116
45,777,342
33,315,321
EUR
EUR
HKD
JPY
JPY
USD
EUR
HKD
EUR
EUR
EUR
EUR
EUR
GBP
EUR
EUR
GBP
EUR
EUR
EUR
GBP
EUR
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
13,742,000
82,282,000
3,457,104
13,380,498
16,297,532
18,577,250
1,514,100,000
13,722,742
20,000,000
27,000,000
42,743,000
13,737,000
1,703,300,000
32,164,224
37,764,000
16,331,000
32,130,752
34,900,000
31,247,000
4,178,799,999
52,504,250
47,409,000
HKD
HKD
EUR
EUR
EUR
EUR
JPY
EUR
GBP
USD
HKD
CAD
JPY
EUR
GBP
CAD
EUR
CAD
AUD
JPY
EUR
AUD

Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
Buy
1,204,319,501
132,028,000
46,929,000
6,048,700,001
60,000,000
28,493,000
29,463,011
36,991,162
193,183,734
30,986,796
45,486,000
153,925,000
20,403,000
31,505,720
19,729,355
38,901,199
7,400,000
8,568,664
27,214,357
9,992,653
5,100,000
3,272,247
4,604,860
8,437,000
8,281,661
4,222,938
2,274,181
3,019,547
3,100,000
706,586
937,800,000
272,000,000
486,488
600,000
EUR
USD
AUD
JPY
USD
CAD
EUR
EUR
USD
EUR
GBP
HKD
CAD
EUR
EUR
EUR
AUD
EUR
EUR
EUR
CAD
EUR
EUR
GBP
EUR
EUR
EUR
EUR
AUD
EUR
JPY
JPY
GBP
GBP
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
to Sell
1,600,127,579
101,349,505
32,968,103
47,676,596
46,413,751
20,906,120
3,885,499,999
31,950,000
146,256,380
26,690,000
53,500,966
15,238,439
14,877,110
42,000,000
27,700,000
400,513,000
5,071,898
12,800,000
23,300,000
1,306,900,000
3,717,236
431,400,000
6,143,386
9,908,734
7,100,000
43,600,000
3,200,000
4,500,000
2,097,521
607,883
7,215,123
2,093,993
570,163
702,817

144
Unrealised
Gain/(Loss)
EUR
Citi Bank
31,214
BNY Mellon
37,295
Goldman Sachs
39,277
Citi Bank
40,293
Goldman Sachs
58,913
BNY Mellon
62,104
Citi Bank
69,785
BNY Mellon
75,011
BNY Mellon
84,232
BNY Mellon
89,337
Goldman Sachs
135,906
Citi Bank
197,743
Royal Bank of Scotland 246,258
Goldman Sachs
264,600
BNY Mellon
359,077
BNY Mellon
382,003
Citi Bank
502,301
BNY Mellon
545,975
BNY Mellon
1,090,415
BNY Mellon
1,334,841
Counterparty
Invesco Funds
Maturity Date
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
6,386,955
USD
EUR
EUR
EUR
EUR
EUR
JPY
GBP
EUR
GBP
EUR
EUR
EUR
USD
CAD
HKD
EUR
AUD
GBP
JPY
EUR
JPY
USD
EUR
GBP
HKD
CAD
AUD
EUR
GBP
EUR
EUR
EUR
EUR
Citi Bank
(4,232,577)
Citi Bank
(1,630,759)
Citi Bank
(1,311,414)
Goldman Sachs
(1,156,056)
BNY Mellon
(1,096,661)
Citi Bank
(460,322)
Goldman Sachs
(420,360)
Goldman Sachs
(413,204)
BNY Mellon
(345,591)
Citi Bank
(259,605)
BNY Mellon
(247,340)
Goldman Sachs
(236,474)
BNY Mellon
(216,243)
Citi Bank
(147,407)
BNY Mellon
(105,658)
BNY Mellon
(80,112)
Citi Bank
(65,776)
BNY Mellon
(63,318)
BNY Mellon
(58,712)
BNY Mellon
(57,616)
Citi Bank
(45,649)
BNY Mellon
(35,211)
Citi Bank
(31,406)
Goldman Sachs
(23,363)
BNY Mellon
(22,052)
Goldman Sachs
(15,999)
Goldman Sachs
(6,368)
BNY Mellon
(5,106)
BNY Mellon
(2,505)
(2,041)
BNY Mellon
(599)
BNY Mellon
(387)
(13,076,104)
(6,689,149)
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013
13/09/2013
09/09/2013
13/09/2013

8. Futures contracts
Description
Number of Contracts

S&P 500 Emini Future 20/09/2013
Euro Stoxx 50 Future 20/09/2013
Nikkei 225 Future 12/09/2013
FTSE 100 Index Future 20/09/2013
72
54
14
10
Commitment in
sub-fund Base Ccy
USD
5,907,150
1,962,117
951,710
1,000,422
Long/Short
Long
Long
Long
Long
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
USD
(40,963)
(39,225)
(6,556)
(1,701)
Total unrealised loss on futures contracts
(88,445)
(88,445)

E-Mini MSCI Emerging Future 20/09/2013
66
USD
3,035,670
Long
USD
49,430
Total unrealised gain on futures contracts
49,430
49,430

12
USD
984,525
Long
USD
(8,875)
(8,875)
(8,875)

1,145
264
EUR
31,424,525
19,948,904
Long
Long
EUR
(339,315)
(324,132)
(663,447)
(663,447)

Euro Bond Future 06/09/2013
(20)
USD
(3,724,373)
Short
USD
90,432
90,432
US Long Bond (CBT) Future 19/12/2013

US 10 Year Note (CBT) Future 19/12/2013
(40)
(20)
(5,268,125)
(2,484,531)
Short
Short
(16,814)
(1,899)
(18,713)
Total net unrealised gain on futures contracts
71,719

Euro Buxl 30 Year Bond 06/09/2013
Euro-Btp Future 06/09/2013
(18)
(12)
EUR
(2,253,240)
(1,339,740)
Short
Short
EUR
70,560
4,511
75,071
(102)
(14,346,810)
Short
(36,020)
(36,020)
39,051

(22)
(16)
(2)
EUR
(3,094,410)
(1,501,297)
(180,693)
Short
Short
Short
EUR
38,030
941
18
38,989
Canada 10 Year Bond Future 18/12/2013

Long Gilt Future 27/12/2013
(9)
(8)
(2)
(831,270)
(1,025,568)
(198,956)
Short
Short
Short
(8,846)
(3,651)
(638)
(13,135)
25,854

(6)
EUR
(843,930)
Short
EUR
(510)
(510)
(510)
145
Invesco Funds

8. Futures contracts (continued)
(3,540)
EUR
(497,918,700)
Short
EUR
9,279,929
9,279,929
9,279,929

Euro-Bobl Future 06/09/2013
Euro-Schatz Future 06/09/2013
(19)
20
(8)
(20)
GBP
(2,029,409)
2,189,700
(754,035)
(1,602,717)
Short
Long
Short
Short
GBP
16,558
6,900
1,081
1,007
25,546
25,546

US Ultra Bond (CBT) Future 19/12/2013
28
23
4
26
(32)
USD
4,752,262
3,029,172
489,133
3,652,594
(7,029,250)
Long
Long
Long
Long
Short
USD
11,312
8,266
5,453
3,859
1,250
30,140

Australia 10 Year Bond Future 16/09/2013
(5)
11
(17)
(20)
(931,093)
1,153,665
(2,111,852)
(3,311,568)
Short
Long
Short
Short
(4,805)
(4,126)
(3,055)
(1,145)
(13,131)
17,009

(6)
(1)
GBP
(509,753)
(109,485)
Short
Short
GBP
(1,627)
(471)
(2,098)
(2,098)

(50)
EUR
(7,032,750)
Short
EUR
24,449
24,449
24,449

(110)
USD
(13,664,922)
Short
USD
(19,766)
(19,766)
(19,766)

Euro-Schatz Future 06/09/2013
(10)
(9)
30
EUR
(1,406,550)
(1,125,585)
3,310,875
Short
Short
Long
EUR
17,000
6,885
1,575
25,460
(8)
(1,025,568)
Short
(3,650)
(3,650)
21,810

10 Year Mini JGB Future 09/09/2013
130
124
EUR
14,429,331
3,403,180
Long
Long
EUR
82,447
42,609
125,056

72
102
95
47
3,696,932
14,346,810
5,887,097
3,551,509
Long
Long
Long
Long
(230,539)
(204,810)
(104,186)
(698)
(540,233)
Total net unrealised loss on futures contracts
(415,177)
146
Invesco Funds

8. Futures contracts (continued)
10 Year Mini JGB Future 09/09/2013
139
79
25
EUR
3,814,855
8,768,593
1,889,101
Long
Long
Long
EUR
62,917
52,588
21,236
136,741

70
31
4,337,861
1,591,734
Long
Long
(9,940)
(1,563)
(11,503)
125,238

Russell 2000 Mini Future 20/09/2013
Japan 10 Year Bond 10/09/2013
Topix Index Future 12/09/2013
11,050
3,930
2,860
3,620
426
5,845
4,310
2,755
3,280
EUR
303,267,250
296,966,644
221,584,630
464,069,471
472,887,215
539,863,739
267,088,289
274,062,588
278,180,849
Long
Long
Long
Long
Long
Long
Long
Long
Long
EUR
11,140,667
9,628,742
8,503,598
5,669,949
4,405,358
2,435,118
2,282,490
1,099,019
594,427
45,759,368
Australia 10 Year Bond Future 16/09/2013

Hang Seng Index Future 27/09/2013
7,540
5,410
1,620
597,297,029
760,943,550
170,054,562
Long
Long
Long
(20,805,051)
(12,866,023)
(2,389,123)
(36,060,197)
9,699,171
9. Credit Default Swaps

Purchase/Sale
of protection Denomination
Counterparty

Purchase
French Republic
Purchase
French Republic
JP Morgan
Credit Suisse
Deal
Spread
Expiry
Date
Nominal
Value
Currency
0.25%
0.25%
20/12/2017
20/12/2015
150,000,000
100,000,000
USD
USD
Total unrealised gain on credit default swaps

Sale
Sale
Sale
Telecom Italia Spa

Telefonica
Telefonica
1,598,092
Credit Suisse
JP Morgan
Deutsche Bank
1.00%
1.00%
1.00%
20/06/2017
20/09/2016
20/09/2016
10,000,000
15,000,000
10,000,000
EUR
EUR
EUR
Total unrealised loss on credit default swaps
558,541
Counterparty

Purchase
Markit Itraxx Europe
Morgan Stanley
Purchase
Morgan Stanley
Purchase
Morgan Stanley
Deal
Spread
Expiry
Date
Nominal
Value
Currency
1.00%
1.00%
1.00%
20/06/2018
20/06/2018
20/06/2018
2,500,000
2,000,000
2,000,000
EUR
EUR
EUR
Total unrealised gain on credit default swaps

Purchase
Sale

(724,191)
(189,216)
(126,144)
(1,039,551)
Total net unrealised gain on credit default swaps

Purchase/Sale
Unrealised
Gain/(Loss)
in sub-fund
Base Ccy
EUR
1,549,520
48,572
Unrealised
(Loss)
in sub-fund
Base Ccy
USD
9,111
7,288
7,288
23,687
Morgan Stanley
Morgan Stanley
5.00%
1.00%
20/06/2018
20/06/2018
600,000
1,000,000
EUR
EUR
(97,885)
(28,891)
(126,776)
Total net unrealised loss on credit default swaps
(103,089)
147
Invesco Funds

9. Credit Default Swaps (continued)
Purchase/Sale
Counterparty

Purchase
Purchase
Purchase
Credit Suisse
Morgan Stanley
CITI
Deal
Spread
Expiry
Date
Nominal
Value
Currency
5.00%
5.00%
5.00%
20/06/2018
20/06/2018
20/06/2018
250,000
125,000
125,000
EUR
EUR
EUR
Unrealised
Gain
in sub-fund
Base Ccy
GBP
(6,254)
(3,127)
(3,127)
(12,508)
(12,508)
Purchase/Sale
Counterparty

Sale
Telecom Italia Spa
Deutsche Bank
Sale
Telecom Italia Spa
Credit Suisse
Deal
Spread
Expiry
Date
Nominal
Value
Currency
1.00%
1.00%
20/03/2018
20/06/2017
2,000,000
500,000
EUR
EUR
Unrealised
Gain
in sub-fund
Base Ccy
EUR
(199,992)
(36,210)
(236,202)
(236,202)
10. Interest Rate Swaps

There are no open interest rate swaps contracts as at 31 August 2013.
11.
Equity Swaps
The counterparty for the below Equity Swaps is Morgan Stanley.

Underlying
Equities
Quantity of
underlying
shares

ACI Worldwide Inc
Activision Blizzard Inc
AGL Resources Inc
AltaGas Ltd
Amazon.com Inc
Amgen Inc
Ariad Pharmaceuticals Inc
Azimut Holding SpA
Barry Callebaut AG
Bayer AG
Berendsen Plc
Berkeley Group Holdings Plc
BillerudKorsnas AB
Brocade Communications Systems Inc
Bwin.Party Digital Entertainment Plc
Calbee Inc
carsales.com Ltd
Celgene Corp
CF Industries Holdings Inc
Chemring Group Plc
CLP Holdings Ltd
CME Group Inc
Computer Sciences Corp
Dai Nippon Printing Co Ltd
Darden Restaurants Inc
DENTSPLY International Inc
Distribuidora Internacional de Alimentacion SA
Duerr AG
Duke Energy Corp
Echo Entertainment Group Ltd
Elekta AB
Encana Corp
Enerplus Corp
EnQuest Plc
Equinix Inc
148
(2,100)
29,900
(18,500)
(19,700)
(3,400)
9,800
(21,300)
16,305
(138)
4,639
21,287
(11,904)
(16,768)
(16,400)
70,800
(409,949)
(6,100)
21,442
4,200
1,700
(21,978)
(12,500)
(3,200)
3,200
60,000
(10,400)
(3,600)
15,064
2,834
(2,400)
(28,686)
(10,025)
48,900
14,000
123,519
(4,000)
Invesco Funds
Currency Commitment
in Local Ccy
USD
USD
USD
CAD
USD
USD
USD
EUR
CHF
EUR
GBP
GBP
SEK
USD
USD
GBP
JPY
AUD
USD
USD
GBP
HKD
USD
USD
JPY
USD
USD
EUR
EUR
USD
AUD
SEK
CAD
CAD
GBP
USD
(104,653)
500,675
(815,942)
(702,206)
(965,839)
1,066,778
(396,713)
267,973
(118,162)
393,364
184,772
(253,079)
(1,008,595)
(685,438)
538,434
(440,285)
(58,438,005)
238,971
598,815
321,750
(67,868)
(774,691)
(225,520)
161,137
57,269,999
(483,965)
(151,362)
90,889
143,400
(157,573)
(77,452)
(1,061,146)
879,712
244,650
154,461
(703,520)
Commitment
as % of NAV
of the sub-fund
(0.15%)
0.70%
(1.15%)
(0.94%)
(1.36%)
1.50%
(0.56%)
0.50%
(0.18%)
0.73%
0.40%
(0.55%)
(0.21%)
(0.96%)
0.76%
(0.96%)
(0.84%)
0.30%
0.84%
0.45%
(0.15%)
(0.14%)
(0.32%)
0.23%
0.82%
(0.68%)
(0.21%)
0.17%
0.27%
(0.22%)
(0.10%)
(0.23%)
1.18%
0.33%
0.34%
(0.99%)
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
EUR
1,706
33,461
16,463
23,133
63,048
33,515
14,990
15,571
3,037
2,992
11,940
18,835
5,175
33,433
64,272
80,833
14,994
26,970
18,922
7,174
1,541
2,003
13,375
8,865
89
23,632
125
5,596
2,239
9,063
1,375
6,272
6,650
6,679
1,465
4,619

11. Equity Swaps (continued)
Underlying
Equities
Quantity of
underlying
shares
Invesco Global Absolute Return Fund (continued)

Fastenal Co
Flextronics International Ltd
Flight Centre Ltd
Gamesa Corp Tecnologica SA
Genel Energy Plc
GN Store Nord A/S
Grifols SA
Husky Energy Inc
Hutchison Port Holdings Trust
Iberiabank Corp
Jardine Cycle & Carriage Ltd
Jos A Bank Clothiers Inc
Kakaku.com Inc
Kansai Paint Co Ltd
Keikyu Corp
Keyence Corp
Kinder Morgan Inc
Kinder Morgan Management LLC
Konica Minolta Inc
Lear Corp
Loews Corp
Mazda Motor Corp
MGM China Holdings Ltd
MGM Resorts International
Minerals Technologies Inc
Mitsubishi Motors Corp
Mondi Plc
National Instruments Corp
Next Plc
Nintendo Co Ltd
Nippon Electric Glass Co Ltd
Northeast Utilities
NVIDIA Corp
Ophir Energy Plc
Pepco Holdings Inc
Perrigo Co
QBE Insurance Group Ltd
Rakuten Inc
Reed Elsevier Plc
ResMed Inc
Safeway Inc
Shangri-La Asia Ltd
Shin-Etsu Chemical Co Ltd
Softbank Corp
Svenska Handelsbanken AB
Symantec Corp
Texas Capital Bancshares Inc
Thomson Reuters Corp
Toray Industries Inc
Trelleborg AB
Trimble Navigation Ltd
Tsuruha Holdings Inc
Turquoise Hill Resources Ltd
UIL Holdings Corp
Unicharm Corp
United Therapeutics Corp
Verbund AG
ViaSat Inc
Voestalpine AG
Washington Post Co
Western Refining Inc
Westlake Chemical Corp
WH Smith Plc
149
Invesco Funds
8,624
(21,800)
13,600
11,086
132,646
(27,304)
37,871
(25,361)
30,500
(296,000)
(3,300)
(3,000)
(8,100)
(35,600)
(35,000)
(55,000)
(3,100)
(15,800)
(4,570)
10,500
7,200
(11,100)
13,900
(230,000)
97,200
8,800
23,001
13,200
(8,500)
66,242
(31,600)
11,334
(8,200)
81,000
(3,700)
7,300
10,000
(81,498)
(15,700)
(1,337)
(7,891)
(56,800)
60,796
196,506
6,100
(212,000)
(2,300)
(15,200)
3,057
22,100
(18,800)
(6,200)
(79,000)
7,008
(39,400)
(5,000)
(63,800)
(11,400)
(14,700)
7,200
(9,184)
(13,500)
3,349
900
19,800
1,700
60,351
Currency Commitment
in Local Ccy
EUR
377,623
USD
(969,119)
USD
122,876
AUD
520,765
EUR
706,340
GBP
(253,859)
DKK
4,379,783
EUR
(777,188)
CAD
910,577
USD
(218,300)
USD
(176,170)
SGD
(99,931)
USD
(327,605)
JPY (64,222,384)
JPY (40,022,440)
JPY (46,282,447)
JPY (100,827,533)
USD
(597,952)
USD
(366,331)
JPY
8,489,270
USD
496,764
USD
(495,005)
USD
1,023,666
JPY (90,734,937)
HKD
2,257,466
USD
156,508
GBP
181,536
USD
595,254
JPY
(8,788,975)
GBP
658,114
USD
(891,120)
GBP
559,219
JPY (91,142,952)
JPY 41,188,496
USD
(151,607)
USD
679,484
USD
147,750
GBP
(264,380)
USD
(297,436)
USD
(161,797)
AUD
(119,905)
JPY (68,642,812)
GBP
489,256
AUD
1,066,046
USD
158,813
HKD
(2,524,920)
JPY (13,639,002)
JPY (94,012,063)
SEK
870,637
USD
575,815
USD
(851,734)
CAD
(217,341)
JPY (47,755,490)
SEK
784,547
USD
(1,012,383)
JPY (44,399,959)
CAD
(344,839)
USD
(431,092)
JPY (75,043,505)
USD
526,429
EUR
(134,523)
USD
(885,532)
EUR
108,516
USD
512,154
USD
592,317
USD
173,553
GBP
509,966
Commitment
as % of NAV
of the sub-fund
0.70%
(1.36%)
0.17%
0.66%
1.32%
(0.55%)
1.09%
(1.45%)
1.22%
(0.31%)
(0.25%)
(0.11%)
(0.46%)
(0.92%)
(0.57%)
(0.66%)
(1.45%)
(0.84%)
(0.52%)
0.12%
0.70%
(0.70%)
1.44%
(1.30%)
0.41%
0.22%
0.40%
0.84%
(0.13%)
1.44%
(1.25%)
1.22%
(1.31%)
0.59%
(0.21%)
0.96%
0.21%
(0.58%)
(0.42%)
(0.23%)
(0.15%)
(0.98%)
1.07%
1.34%
0.22%
(0.46%)
(0.20%)
(1.35%)
0.19%
0.81%
(1.20%)
(0.29%)
(0.68%)
0.17%
(1.43%)
(0.64%)
(0.46%)
(0.61%)
(1.08%)
0.74%
(0.25%)
(1.25%)
0.20%
0.72%
0.83%
0.24%
1.11%
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
EUR
18,348
41,317
13
19,297
91,924
4,115
25,155
2,409
10,183
5,967
8,069
12,120
7,615
9,736
51,919
24,594
40,710
20,644
9,521
4,080
23,797
11,488
40,783
95,599
12,541
3,116
6,236
1,171
12,240
56,135
41,166
18,283
154,290
7,179
8,204
30,349
1,227
67,994
16,828
6,802
6,978
18,675
1,511
63,241
6,432
10,528
18,425
4,149
2,653
30,628
33,233
3,471
46,816
798
43,234
37,683
28,491
24,038
43,200
26,541
1,125
24,345
14,510
36,053
26,303
1,905
63,326

Underlying
Equities
Quantity of
underlying
shares

William Demant Holding A/S
Yamada Denki Co Ltd
YIT OYJ
(3,390)
(11,880)
(26,498)
Currency Commitment
in Local Ccy
DKK
JPY
EUR
(1,646,181)
(36,887,430)
(277,832)
Commitment
as % of NAV
of the sub-fund
(0.41%)
(0.53%)
(0.52%)
Total unrealised gain on equity swaps
2,365,616
Abercrombie & Fitch Co

Actavis Inc
Advisory Board Co
AECOM Technology Corp
Air Methods Corp
Algeta ASA
Amcor Ltd
AMP Ltd
AOL Inc
Aoyama Trading Co Ltd
Asahi Glass Co Ltd
Asics Corp
Astellas Pharma Inc
ASX Ltd
Athabasca Oil Corp
Autobacs Seven Co Ltd
Balfour Beatty Plc
Bezeq The Israeli Telecommunication Corp Ltd
Bombardier Inc
Brother Industries Ltd
Cabot Corp
Canon Inc
Carillion Plc
CBOE Holdings Inc
Cepheid Inc
Cirrus Logic Inc
Cisco Systems Inc
Citigroup Inc
Clean Harbors Inc
Coloplast A/S
Concho Resources Inc
ConocoPhillips
CoreLogic Inc
Daihatsu Motor Co Ltd
Daiichi Sankyo Co Ltd
Denki Kagaku Kogyo KK
Dentsu Inc
Diamond Offshore Drilling Inc
Dillard's Ic
DR Horton Inc
Edwards Lifesciences Corp
Endo Health Solutions Inc
Entergy Corp
EOG Resources Inc
F5 Networks Inc
Family Dollar Stores Inc
Firstgroup Plc
FLSmidth & Co A/S
Foot Locker Inc
Fugro NV
Fujitsu Ltd
G4S Plc
Gap Inc
General Motors Co
Haseko Corp
Hess Corp
Hino Motors Ltd
HMS Holdings Corp
Hokuriku Electric Power Co
150
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
EUR
1,042
122,467
16,599
3,300
(6,300)
(2,000)
26,900
(3,800)
(4,689)
29,869
(111,666)
28,500
7,100
38,000
(19,600)
3,100
(3,722)
(131,700)
26,200
(276,680)
64,102
22,600
80,000
(11,500)
3,300
(27,356)
2,500
(2,800)
(14,200)
39,100
2,600
(16,100)
10,135
531,000
(7,200)
5,300
12,200
49,000
15,500
128,000
(19,600)
8,500
1,500
(15,400)
(8,700)
(2,800)
2,000
700
(1,600)
(12,200)
(68,613)
(9,792)
11,400
(1,883)
35,000
(87,208)
(33,264)
24,000
5,500
81,000
(1,400)
21,000
(18,400)
12,900
Invesco Funds
USD
USD
USD
USD
USD
NOK
AUD
AUD
USD
JPY
JPY
JPY
JPY
AUD
CAD
JPY
GBP
ILs
CAD
JPY
USD
JPY
GBP
USD
USD
USD
USD
USD
USD
DKK
SGD
USD
USD
USD
JPY
JPY
JPY
JPY
USD
USD
USD
USD
USD
USD
USD
USD
USD
GBP
DKK
USD
EUR
JPY
GBP
EUR
USD
USD
JPY
USD
JPY
USD
JPY
118,618
(852,799)
(113,871)
807,673
(157,643)
(1,223,363)
311,235
(528,739)
967,433
17,245,869
21,925,954
(33,849,159)
15,608,476
(131,758)
(1,011,456)
36,745,444
(688,380)
378,938
107,011
80,199,999
(462,530)
9,733,340
(78,854)
117,950
(102,942)
(332,919)
917,090
126,009
(915,366)
3,086,108
977,040
(694,116)
350,621
317,261
90,404,936
26,210,506
46,143,972
(64,385,955)
545,402
114,158
(283,130)
(614,786)
(115,794)
126,030
109,960
(134,576)
(872,361)
(78,150)
(3,043,352)
370,899
(87,244)
12,722,462
(225,650)
(430,020)
977,160
189,502
9,355,490
(106,142)
27,016,525
(470,948)
16,802,227
0.17%
(1.20%)
(0.16%)
1.14%
(0.22%)
(0.28%)
0.39%
(0.67%)
1.36%
0.25%
0.31%
(0.49%)
0.22%
(0.17%)
(1.35%)
0.53%
(1.50%)
0.15%
0.14%
1.15%
(0.65%)
0.14%
(0.17%)
0.17%
(0.14%)
(0.47%)
1.29%
0.18%
(1.29%)
0.77%
1.08%
(0.98%)
0.49%
0.45%
1.30%
0.38%
0.66%
(0.92%)
0.77%
0.16%
(0.40%)
(0.87%)
(0.16%)
0.18%
0.15%
(0.19%)
(1.23%)
(0.17%)
(0.76%)
0.52%
(0.16%)
0.18%
(0.49%)
(0.80%)
1.38%
0.27%
0.13%
(0.15%)
0.39%
(0.66%)
0.24%
(34,383)
(63,500)
(1,183)
(61,979)
(21,933)
(7,230)
(8,715)
(21,397)
(76,182)
(9,229)
(25,933)
(6,163)
(17,165)
(1,620)
(84,012)
(24,717)
(64,129)
(583)
(2,566)
(120,791)
(8,864)
(11,672)
(2,925)
(2,658)
(6,006)
(44,693)
(66,251)
(6,440)
(35,135)
(40,628)
(24,282)
(55,152)
(2,474)
(6,400)
(87,059)
(2,733)
(11,801)
(2,929)
(44,094)
(6,816)
(672)
(27,747)
(6,221)
(11,476)
(185)
(3,938)
(27,285)
(16,716)
(48,435)
(31,544)
(6,642)
(11,770)
(45,225)
(43,825)
(71,680)
(7,809)
(8,462)
(4,804)
(42,201)
(1,374)
(30,542)

Underlying
Equities
Quantity of
underlying
shares

Ibiden Co Ltd
Intrum Justitia AB
IPSOS
Kao Corp
KLA-Tencor Corp
Kroger Co
M3 Inc
Marathon Oil Corp
Marine Harvest ASA
Marvell Technology Group Ltd
Medipal Holdings Corp
MEG Energy Corp
Melrose Industries Plc
Merck KGaA
Methanex Corp
Microsoft Corp
Mitsui Engineering & Shipbuilding Co Ltd
MS&AD Insurance Group Holdings
Myriad Genetics Inc
Namco Bandai Holdings Inc
NCC AB
NCR Corp
Nippon Express Co Ltd
Noble Energy Inc
Oesterreichische Post AG
Panalpina Welttransport Holding AG
Pentair Ltd
Pfizer Inc
Pharmacyclics Inc
Plastic Omnium SA
PostNL NV
ProSiebenSat.1 Media AG
QinetiQ Group Plc
Rackspace Hosting Inc
Regions Financial Corp
Rosetta Resources Inc
Saipem SpA
Sawai Pharmaceutical Co Ltd
SEACOR Holdings Inc
Seagate Technology Plc
Sega Sammy Holdings Inc
ShawCor Ltd
Shikoku Electric Power Co Inc
Skandinaviska Enskilda Banken AB
Skanska AB
Starz
Subsea 7 SA
Sumitomo Forestry Co Ltd
Superior Plus Corp
Suzuken Co Ltd
Taiheiyo Cement Corp
Taisei Corp
Teleperformance
Tokio Marine Holdings Inc
Tokyo Gas Co Ltd
Toromont Industries Ltd
Trican Well Service Ltd
UCB SA
Vishay Intertechnology Inc
Volkswagen AG
Volkswagen AG PRF
William Hill Plc
151
Invesco Funds
15,700
4,045
(9,970)
17,800
2,900
2,700
(355)
16,900
476,427
39,300
24,600
(3,900)
(243,834)
657
2,800
11,300
135,000
9,500
10,200
63,000
(6,781)
(2,900)
68,000
1,800
9,599
5,487
(1,780)
(16,700)
35,200
(1,800)
2,293
(40,742)
20,123
204,584
(11,000)
51,800
(6,800)
(23,603)
(5,400)
6,100
3,600
4,500
7,900
19,200
28,508
(25,640)
(39,800)
(39,088)
31,300
24,200
20,600
(179,000)
110,000
168,752
4,458
20,524
17,800
192,000
8,300
(43,000)
(1,705)
44,100
(3,119)
(1,294)
102,089
Currency Commitment
in Local Ccy
JPY
SEK
EUR
JPY
USD
USD
JPY
USD
NOK
USD
JPY
CAD
GBP
EUR
CAD
USD
JPY
JPY
USD
JPY
SEK
USD
JPY
USD
EUR
EUR
CHF
USD
USD
USD
EUR
EUR
EUR
GBP
USD
USD
USD
EUR
JPY
USD
USD
JPY
CAD
JPY
SEK
SEK
USD
NOK
JPY
CAD
JPY
JPY
JPY
NZD
EUR
NOK
JPY
JPY
CAD
CAD
EUR
USD
EUR
EUR
GBP
Commitment
as % of NAV
of the sub-fund
EUR
22,278,319
0.32%
662,369
0.14%
(290,501)
(0.54%)
51,112,711
0.73%
160,428
0.23%
99,293
0.14%
(91,323,685)
(1.31%)
583,979
0.82%
2,735,885
0.63%
472,189
0.66%
26,998,452
0.39%
(134,004)
(0.18%)
(731,136)
(1.60%)
75,703
0.14%
138,992
0.19%
379,285
0.53%
24,097,486
0.35%
23,617,047
0.34%
270,045
0.38%
98,752,479
1.42%
(1,178,535)
(0.25%)
(104,705)
(0.15%)
31,313,950
0.45%
110,420
0.16%
252,166
0.47%
171,524
0.32%
(244,127)
(0.37%)
(1,018,449)
(1.43%)
989,296
1.39%
(206,560)
(0.29%)
116,324
0.22%
(109,127)
(0.20%)
640,716
1.19%
383,800
0.84%
(493,515)
(0.69%)
491,323
0.69%
(317,866)
(0.45%)
(392,990)
(0.73%)
(69,335,970)
(0.99%)
517,921
0.73%
137,142
0.19%
10,552,491
0.15%
328,877
0.44%
29,395,185
0.42%
1,950,662
0.42%
(3,042,188)
(0.65%)
(987,239)
(1.39%)
(4,903,593)
(1.13%)
29,312,490
0.42%
264,385
0.35%
62,469,530
0.90%
(66,140,499)
(0.95%)
44,440,007
0.64%
383,489
0.42%
154,336
0.29%
3,721,004
0.86%
54,023,039
0.77%
97,728,020
1.40%
187,331
0.25%
(636,185)
(0.85%)
(74,948)
(0.14%)
554,557
0.78%
(528,904)
(0.99%)
(224,088)
(0.42%)
426,273
0.93%
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
(16,046)
(2,630)
(16,967)
(79,530)
(10,504)
(3,346)
(62,161)
(24,988)
(21,612)
(4,760)
(22,540)
(10,297)
(79,784)
(2,152)
(2,084)
(18,916)
(6,756)
(27,380)
(34,335)
(58,696)
(4,181)
(1,538)
(18,573)
(3,350)
(10,847)
(1,866)
(27,073)
(9,846)
(15,033)
(13,155)
(5,401)
(9,391)
(48,597)
(3,550)
(6,935)
(19,013)
(8,309)
(28,516)
(21,985)
(11,405)
(23,302)
(9,603)
(9,873)
(60,832)
(14,626)
(3,083)
(38,678)
(64,034)
(61,188)
(35,411)
(33,850)
(844)
(3,717)
(2,811)
(20,418)
(17,826)
(72,143)
(59,686)
(10,980)
(25,787)
(2,656)
(62,437)
(19,728)
(4,561)
(55,755)

11.
Equity Swaps (continued)
Underlying
Equities
Quantity of
underlying
shares

Williams Cos Inc
Wirecard AG
Yahoo! Inc
(7,700)
(26,473)
3,700
Currency Commitment
in Local Ccy
USD
EUR
USD
Commitment
as % of NAV
of the sub-fund
EUR
(278,933)
(0.39%)
(626,417)
(1.17%)
101,028
0.14%
Total unrealised loss on equity swaps
(15,899)
(47,982)
(3,074)
(3,125,807)
Total net unrealised loss on equity swaps

12.
Unrealised
Gain/(Loss) in
sub-fund Base Ccy
(760,191)
Swing Pricing Policy
Securities are valued as outlined in note 2(b). However, in order to mitigate the effects of dilution, the Fund has implemented a policy of Swing
Pricing since December 18, 2007.
In the best interest of Shareholders, the Directors may allow for the net asset value to be adjusted, using bid or ask market quotation rather than mid,
depending on the net share activity arising from subscriptions, redemptions or switching in a sub-fund for a given business day.
The sub-funds operate partial swing only. That is the sub-funds will not swing to either a bid or ask price basis daily, but only when a pre determined
level of shareholder activity is exceeded. High redemption level triggers a swing to a bid price basis, whereas high subscription level triggers a swing
to ask price basis. The Directors have the ability to place a sub-fund on constant swing depending on the recent trends in a sub-fund.
The reconciliation on 30 August 2013 of MID to BID/ASK pricing is as follows:
Ccy
Mid
Bid
Ask
Invesco Global Equity Income Fund (USD)

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Distribution Z SD
Distribution Z AD
Accumulation Z
USD
USD
EUR
USD
EUR
USD
USD
EUR
USD
13.50
53.12
12.80
59.29
13.21
45.38
9.84
9.95
9.84
13.52
53.24
12.83
59.42
13.24
45.48
9.86
9.97
9.86
Invesco Pan European Equity Income Fund (EUR)

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Distribution Z SD
EUR
EUR
EUR
EUR
EUR
10.00
10.84
11.20
10.42
9.93
10.03
10.88
11.24
10.46
9.97
Invesco Japanese Equity Advantage Fund (JPY)

Distribution A AD
Accumulation A
Accumulation C
Accumulation C (GBP)
Accumulation E
Accumulation R
Accumulation Z (GBP)
EUR
JPY
JPY
GBP
EUR
JPY
EUR
GBP
12.72
2,688.93
2,832.22
12.77
12.43
2,512.76
9.91
9.91
12.75
2,695.14
2,838.75
12.79
12.46
2,518.57
9.94
9.93
Invesco Asia Infrastructure Fund (USD)

Distribution A SD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
USD
USD
EUR
HKD
USD
EUR
EUR
USD
USD
EUR
12.51
13.07
9.22
80.95
13.66
9.83
9.36
7.90
9.96
10.07
12.44
12.99
9.17
80.48
13.58
9.78
9.31
7.86
9.90
10.01
152
Invesco Funds

12.
Swing Pricing Policy (continued)

Ccy
Mid
Bid
Ask
Invesco Global Leisure Fund (USD)

Accumulation A
Accumulation B
Accumulation C
Accumulation E
USD
USD
USD
EUR
28.61
24.41
30.62
19.59
28.64
24.43
30.66
19.61
Invesco Emerging Local Currencies Debt Fund (USD)

Distribution A AD
Distribution A MD Hedg (EUR)
Distribution A MD
Accumulation A
Accumulation C
Accumulation E
EUR
EUR
USD
HKD
USD
EUR
USD
EUR
EUR
USD
EUR
8.92
7.30
9.45
84.37
14.25
7.76
14.72
8.80
10.48
8.40
9.83
8.90
7.29
9.43
84.16
14.21
7.74
14.68
8.78
10.45
8.38
9.81
Invesco Global Total Return (EUR) Fund

Distribution A AD
Accumulation A
Accumulation C
Distribution E QD
Accumulation E
Distribution R MD
Distribution Z AD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
10.41
11.95
12.11
11.12
11.86
10.67
10.03
10.44
11.98
12.15
11.15
11.89
10.70
10.05
Invesco US High Yield Bond Fund (USD)

Distribution A AD
Accumulation A
Accumulation E
Accumulation R
USD
EUR
USD
HKD
USD
EUR
EUR
USD
10.65
10.58
10.25
104.22
10.88
10.83
10.21
10.79
10.69
10.62
10.30
104.69
10.93
10.88
10.25
10.84
Invesco Pan European High Income Fund (EUR)

Distribution A AD
Distribution A QD
Accumulation A
Accumulation C
Accumulation E
Accumulation R
Distribution Z AD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
11.91
12.40
16.69
17.11
16.06
12.04
9.97
11.97
12.45
16.77
17.19
16.13
12.09
10.02
Invesco Balanced-Risk Allocation Fund (EUR)

Distribution A AD
Accumulation A
Accumulation A Hedg (USD)
Accumulation C
Accumulation E
Accumulation R
Accumulation Z
Accumulation Z Hedg (GBP)
Accumulation Z Hedg (USD)
EUR
EUR
USD
EUR
GBP
USD
EUR
EUR
EUR
GBP
USD
14.19
14.18
18.85
14.53
12.85
19.30
13.90
11.58
10.08
10.08
10.08
14.20
14.19
18.86
14.53
12.85
19.32
13.91
11.58
10.08
10.09
10.08
13. Changes in Investments

A list, specifying for each investment the total purchases and sales which occurred during the period under review, may be obtained, upon request
and free of charge, at the Registered Office and the Hong Kong Representative Office of the Fund.
153
Invesco Funds

14. Stock Lending
Below are the Funds which had securities on loan with State Street Bank at 31 August 2013.
Sub-fund
Stock Lending
Income for the period
ended 31/08/2013
USD
Total Market Value

of Securities on loan
at 31/08/2013
USD
Cash and securities held

as collateral in respect
of securities on loan
USD
255
468,094
2,760
62,780
1,068,308
18,161,614
11,083,769
1,128,600
19,203,171
12,263,549

15. Soft Commissions & Related Party Transactions

Certain subsidiaries of Invesco Ltd. (the Group) consistent with obtaining the best net result, including best execution, may enter into agreements
with counterparties whereby those counterparties may make payments for investment services provided to the Group.
Investment services are used by the Group to improve or add to the services provided to its clients. Although each and every service may not be used
to service each and every account managed by the Group, the Group considers that those investment services received are, in the aggregate, of
significant assistance in fulfilling its investment responsibilities and are of demonstrable benefit to all clients. Only services that assist in the provision
of investment services to the Groups clients will be paid for by counterparties.
Allowable investment services include services that provide assistance to the Group in its investment performance. Those services include, but are
not necessarily limited to, furnishing analysis, research and advisory services including economic factors and trends, portfolio valuation and analysis,
performance measurement, market prices services and the use of specialised computer software and hardware or other information facilities.
The Group will ensure adherence to its investment decision making responsibilities to its clients in accordance with the laws of the countries that have
jurisdiction over its clients or business. This may vary in application with respect to the appropriateness of those investment services provided.
The Group selects counterparties to execute transactions on the basis that transactions will only be executed provided the placing of orders will not
operate against the best interest of the Groups clients and that the multiple is at a level which is generally accepted market practice. The Group will
endeavour to obtain best execution on all transactions for all clients.
The Group will endeavour to maintain the highest possible regulatory standards worldwide.
16. Transaction Costs
Transaction fees incurred by the Fund relating to purchase or sale of transferable securities money market instruments, derivatives or other eligible
assets are mainly composed of custodian fees, commission/broker fees. Transaction fees are included in the transaction price used to calculate the
realised and unrealised gain/(loss) on securities.
For the period from 1 March 2013 until 31 August 2013, these transactions costs amount to:
Sub-Fund
Ccy
Transaction Fees

Invesco Energy Fund
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
USD
EUR
JPY
JPY
JPY
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
28,260
16,879
208,095
203,645
20,231
206,330
68,164
5,652
339,868
344,634
47,903
13,173
46,397
4,949
29,408,206
11,276,302
6,398,597
288,294
2,318,898
1,437,295
168,854
524,769
53,845
8,606
58,984
137,546
12,483
13,675
154
Invesco Funds

16. Transaction Costs (continued)
Sub-fund
Ccy
Transaction Fees

USD
EUR
USD
EUR
EUR
EUR
EUR
GBP
USD
USD
GBP
EUR
USD
EUR
USD
USD
USD
EUR
USD
EUR
EUR
EUR
590
1,248
2,344
14,606
1,912
1,362
26,649
1,438
3,939
*(2,211)
259
1,253
4,885
1,730
267
1,655
857
40,682
845,007
74,412
8,440
1,047,582
For the period ended 31 August 2013, the Fund did not pay broker fees/commissions on bond transactions. In accordance with bonds market
practice, a bid-offer spread is applied on the transaction prices. According to this principle, the sale price applied by the broker is not the same as
the purchase price, the difference corresponding to the remuneration of the broker.
*The transaction fee figure of (2,211) contains a positive futures commission expense of 3,512 which was a positive adjustment to the fee by the
broker.
155
Invesco Funds
Other Information
UK Reporting Regime
The following sub-funds have applied and received initial approval from HM Revenue & Customs for the purposes of UK taxation.
The Statement of Reportable Income for financial year ended 28 February 2013 is available through the following website.
http://investor.invescointernational.co.uk/portal/site/iiprivate/reportableincome
Sub-fund
Invesco Emerging Markets Quantitative Equity
lnvesco Pan European Equity Fund
lnvesco Pan European Equity Fund
Invesco Nippon Small/Mid Cap Equity
Invesco Greater China Equity
Invesco Energy Fund
Invesco Energy Fund
Invesco Gold and Precious Metals
Invesco Gold and Precious Metals
lnvesco USD Reserve
lnvesco USD Reserve
156
Classes
A-Dist-AD
C-Dist-AD
A-Acc
C-Acc
Z-Acc
A-Dist-SD
C-Acc
Z-Acc
A-Acc
A-Dist
C-Acc
Z-Acc
Z-Dist-AD
Z-Dist-SD
A-Acc
C-Acc
Z-Acc
A-Dist-SD
C-Dist-SD
A-Dist-AD
C-Acc
Z-Dist-AD
A-Dist-AD (USD)
A-Dist-AD
C-Dist-AD
Z-Dist-AD
A-Dist-AD
C-Acc
A-Acc
C-Acc
Z-Dist-AD
A-Dist-SD
Z-Dist-SD
A-Acc
C-Acc
A-Acc
C-Acc
Z-Acc
A-Acc
C-Acc
Z-Acc
A-Dist-SD
C-Dist-AD
A-Acc
C-Acc
A-Acc
C-Acc
Z-Acc
A-Dist-SD
C-Acc
Z-Acc
A-Dist-AD
C-Dist-AD
A-Dist-SD
C-Acc
Z -Acc
A-Dist-AD
C-Acc
A-Acc
C-Acc
A-Acc
C-Acc
A-Dist-AD
C-Acc
Invesco Funds
Other Information (continued)

UK Reporting Regime (continued)
Sub-fund
lnvesco Asia Balanced Fund
157
Invesco Funds
Classes
A-Dist-SD
C-Acc
Z-Dist-SD
A-Acc
C (GBP Hdg)-Acc
A-Acc
C-Acc
A-Dist-MD
A-Acc
C-Acc
Z-Acc
Z-Dist-AD
A-Dist-QD
C-Dist-QD
Z-Dist-QD
A-Dist-MD
C-Acc
Z-Acc
A-Dist
C-Dist
C-Acc
A-Acc
C-Acc
A-Acc
C-Acc
A-Dist-MD
A-Dist-QD
C-Acc
Z-Acc
C (GBP Hdg)-Acc
A-Dist-AD
Board of Directors
Leslie Schmldt
(Chairperson)
11 Greenway
Plaza
Suite 2500
Houston,
United States of
America
President and
member of the
Board of
Invesco National
Trust Company
Oliver Carroll
Georges Quay
House
43 Townsend
Street
Dublin 2, Ireland
Global Head of
Finance
Operations
(Resigned 7 June
2013)
Carsten Majer
An der Welle 5
D-60322 Frankfurt
am Main
Germany
Chief Marketing
Officer
CE Invesco
Germany
(Resigned 7 June
2013)
John Rowland
Perpetual Park
Perpetual Park
Drive
Henley-on-Thames
Oxfordshire
RG9 1HH
United Kingdom
Global Head of
Investment
Operations
Cormac
OSullivan
Georges Quay
House
43 Townsend
Street
Dublin 2, Ireland
Head of Dublin
Office, Invesco
Ireland
Karen Dunn
Kelley
1555 Peachtree
Street
N.E. Suite 1800
Atlanta, Georgia
30309, USA
Chief Executive
Officer
of Invesco Fixed
Income,
Invesco, US
Benjamin T.
Fulton
301 W. Roosevelt
Wheaton,
Illinois 60187,
USA
Managing Director
of Invesco
PowerShares
Capital
Management LLC
(Appointed
18 July
2012)
(Resigned 30 April
2013)
Brian Collins
Independent
Director
Ireland
Douglas J. Sharp
Perpetual Park
Henley, UK
Head of Cross
Border Retail and
EMEA State
(Appointed
17 July 2013)
ORGANISATION
Invesco Funds
(Registered Office)
Vertigo Building Polaris
2-4 rue Eugne Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Management Company*
Invesco Management S.A.
19, rue de Bitbourg
L-2173 Luxembourg
*Administration Agent, Registrar

& Transfer Agent
The Bank of New York Mellon
(International) Limited,
Luxembourg Branch
Vertigo Building - Polaris
2-4 rue Eugne Ruppert,
L-2453 Luxembourg
*Effective 21 May 2013

The registered office changed to:
37A Avenue J F Kennedy
L-1855 Luxembourg
*Effective 21 May 2013

The Registrar & Transfer Agent
changed to:
International Financial data
Services (Luxembourg) Limited
47, Avenue J.F. Kennedy
L-1855 Luxembourg.
Investment Advisers
Invesco Advisers Inc.
1555 Peachtree Street,
Atlanta
Georgia
GA 30309
USA
Domiciliary Corporate Agent

L-2453 Luxembourg
Invesco Asset Management

Deutschland GmbH
An der Welle 5
D-60322 Frankfurt am Main
Germany
Primary Dealing Desk
Invesco Asset Management Limited

Registered Office
30 Finsbury Square
London EC2A 1AG
United Kingdom
Invesco Asset Management(Japan)
Limited
Registered Office
Roppongi Hills Mori Tower 14F
P.O. Box 115
10-1, Roppongi 6-chome,
Minato-ku
Tokyo 106-6114
Japan
Invesco Hong Kong Limited
41/F Citibank Tower
3 Garden Road, Central Hong Kong
Custodian & Paying Agent in
Luxembourg
Luxembourg Branch
L-2453 Luxembourg
Legal Advisers to the SICAV

Elvinger, Hoss & Prussen
2, Place Winston Churchill
B.P. 425
L-2014 Luxembourg
German Paying Agent
BNP Paribas Securities Services S.A.
Branch Office
Frankfurt am Main
Europa Allee 12
D-60327 Frankfurt
Germany
Austrian Distributor
sterreich GmbH
Rotenturmstrae 16 -18
A-1010 Vienna
Austria
Tel: +43 1 316 2000
Fax: +43 1 316 2020
Hong Kong Macau
Austrian Paying Agent

Erste Bank der oesterreichischen
Sparkassen AG
Graben 21
1010 Vienna
Austria
Hong Kong Sub-Distributor &

Representative
Invesco Asset Management Asia
Limited
41/F Citibank Tower
3 Garden Road
Central Hong Kong
Tel: +852 3128 6000
Fax: +852 3128 6001
Invesco Limited Representative

Offices
Austria
sterreich GmbH
Rotenturmstrae 16 -18
A-1010 Vienna, Austria
Tel: +43 1 316 2000
Fax: +43 1 316 2020
German Sub-Distributor and

Information Agent
Deutschland GmbH
An der Welle 5
Germany
Tel: +49 69 29807 0
Fax: +49 69 29807 159
Belgium
Invesco Asset Management S.A.
Belgian Branch
The Blue Tower
235 Avenue Louise 326, Box 31
B-1050 Brussels
Belgium
Tel: +32 2641 0170
Fax: +32 2641 0175
Ireland Global Distributor Invesco

Global Asset Management
Limited
Georges Quay House
43 Townsend Street,
Dublin 2,
Ireland
Tel: +353 1 439 8000
Fax: +353 1 439 8400
France
16-18, rue de Londres,
F-75009 Paris
France
Tel: +33 1 56 62 43 02/43 77
Fax: +33 1 56 62 43 83/43 20
Auditor
PricewaterhouseCoopers, Socit
cooprative
400, route dEsch
B.P. 1443, L-1014 Luxembourg
158
Invesco Funds
Germany
Deutschland GmbH
An der Welle 5
Germany
Tel: +49 69 29807 0
Fax: +49 69 29807 159
Hong Kong
Invesco Asset Management Asia
Limited
41/F Citibank Tower
3 Garden Road Central
Hong Kong
Tel: +852 3128 6000
Fax: +852 3128 6001
Ireland
Invesco Global Asset Management
Limited
Georges Quay House
43 Townsend Street
Dublin 2, Ireland
Tel: +353 1439 8000
Fax: +353 1439 8400
Italy
Piazza del Duomo
22 Galleria Pattari 2
20122 Milano
Italy
Tel: +39 02 88 074 1
Fax: +39 02 88 074 391
The Netherlands
Dutch Branch
J.C. Geesinkweg 999
NL-1096 AZ Amsterdam
The Netherlands
Tel: +31 20 561 6261
Fax: +31 20 561 6888
Spain
Invesco Asset Management, S.A.
Sucursal en Espaa.
C/ Recoletos, 15 - 1
28001 Madrid
Spain
Tel: +00 34 91 781 3020
Fax: +00 34 91 576 0520
Sweden
(France)
Swedish Filial
Stureplan 4c
4th Floor, Stockholm 11435
Sweden
Tel:+46 84 63 11 06
Fax: +46 26 41 01 75
Switzerland
(Switzerland) Limited
Stockerstrasse 14
CH-8002 Zurich
Switzerland
Tel: +41 1 287 9000
Fax: +41 1 287 9010
Perivan Financial Print 230203
Contact us
Invesco Global Asset Management Limited

Georges Quay House
43 Townsend Street, Dublin 2, Ireland
Telephone: +353 1 439 8000
Website: www.invesco.com

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Invesco Funds Interim Report

Socit dInvestissement Capital Variable

For the six months ended 31 August 2013 (unaudited)

Invesco Latin American Equity Fund

Invesco Pan European Structured Equity Fund

Invesco Nippon Small/Mid Cap Equity Fund

Invesco Asia Opportunities Equity Fund

Invesco Global Leisure Fund

Invesco USD Reserve Fund

Net Asset Values

Notes to the Financial Statements

Invesco Global Structured Equity Fund

Invesco Global Structured Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

The accompanying notes form an integral part of these financial statements.

Invesco Emerging Market Quantitative Equity Fund

Invesco Emerging Market Quantitative Equity Fund

Invesco Emerging Market Quantitative Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

TOTAL OTHER TRANSFERABLE SECURITIES

OTHER TRANSFERABLE SECURITIES

TOTAL OPEN-ENDED FUNDS

Invesco Global Smaller Companies Equity Fund

Invesco Global Smaller Companies Equity Fund

Invesco Global Smaller Companies Equity Fund

Invesco Global Smaller Companies Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

UNITED STATES (continued)

OTHER TRANSFERABLE SECURITIES

Invesco Global Smaller Companies Equity Fund

TOTAL OTHER TRANSFERABLE SECURITIES

The accompanying notes form an integral part of these financial statements.

Invesco Global Equity Income Fund

Invesco Global Equity Income Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

The accompanying notes form an integral part of these financial statements.

Invesco Latin American Equity Fund

Invesco Latin American Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

TOTAL OTHER TRANSFERABLE SECURITIES

OTHER TRANSFERABLE SECURITIES

Invesco US Structured Equity Fund

Invesco US Structured Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

The accompanying notes form an integral part of these financial statements.

Invesco US Value Equity Fund

Invesco US Value Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

UNITED STATES (continued)

The accompanying notes form an integral part of these financial statements.

Invesco US Equity Fund

Invesco US Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE

UNITED STATES (continued)

The accompanying notes form an integral part of these financial statements.

Invesco Pan European Structured Equity Fund

Invesco Pan European Structured Equity Fund

TOTAL TRANSFERABLE SECURITIES ADMITTED TO AN OFFICIAL STOCK EXCHANGE