Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number		811-03826

AIM Sector Funds (Invesco Sector Funds)

(Exact name of registrant as specified in charter)

11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Address of principal executive offices) (Zip code)

Philip A. Taylor 11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 626-1919

Date of fiscal year end: 04/30

Date of reporting period: 01/31/13

Item 1. Schedule of Investments.

Invesco American Value Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		VK-AMVA-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–89.14%

Alternative Carriers–2.79%

tw telecom inc. ^(b)		1,323,449	$	36,566,896

Apparel Retail–1.45%

Ascena Retail Group, Inc. ^(b)		218,263		3,699,558
Express, Inc. ^(b)		827,916		15,217,096
				18,916,654

Asset Management & Custody Banks–2.32%

Northern Trust Corp.		589,453		30,339,146

Automotive Retail–2.02%

Advance Auto Parts, Inc.		359,682		26,443,821

Communications Equipment–1.26%

Juniper Networks, Inc. ^(b)		737,861		16,513,329

Computer Hardware–1.50%

Diebold, Inc.		667,688		19,656,735

Construction & Engineering–1.27%

Foster Wheeler AG (Switzerland) ^(b)		638,879		16,681,131

Data Processing & Outsourced Services–2.90%

Fidelity National Information Services, Inc.		1,021,964		37,925,084

Diversified Banks–2.22%

Comerica Inc.		845,053		29,036,021

Electric Utilities–3.30%

Edison International		896,326		43,193,950

Electronic Manufacturing Services–1.89%

Flextronics International Ltd. (Singapore) ^(b)		3,981,061		24,722,389

Food Distributors–1.13%

Sysco Corp.		466,489		14,820,355

Food Retail–0.73%

Safeway Inc.		498,484		9,595,817

Health Care Equipment–1.52%

CareFusion Corp. ^(b)		641,725		19,919,144

Health Care Facilities–5.38%

Brookdale Senior Living Inc. ^(b)		980,878		26,493,515
HealthSouth Corp. ^(b)		1,315,784		31,394,606
Universal Health Services, Inc. -Class B		220,900		12,511,776
				70,399,897

Heavy Electrical Equipment–2.19%

Babcock & Wilcox Co. (The)		1,075,622		28,654,570


	Shares		Value

Home Furnishings–2.11%

Mohawk Industries, Inc. ^(b)		271,898	$	27,641,151

Housewares & Specialties–4.00%

Newell Rubbermaid Inc.		2,230,040		52,361,339

Industrial Machinery–4.92%

Ingersoll-Rand PLC		446,473		22,944,247
Snap-on Inc.		511,791		41,465,307
				64,409,554

Insurance Brokers–4.51%

Marsh & McLennan Cos., Inc.		997,757		35,400,419
Willis Group Holdings PLC		660,906		23,600,953
				59,001,372

Integrated Oil & Gas–1.04%

Murphy Oil Corp.		229,645		13,668,470

Investment Banking & Brokerage–1.07%

Stifel Financial Corp. ^(b)		378,504		13,947,872

Life Sciences Tools & Services–1.08%

PerkinElmer, Inc.		401,483		14,148,261

Multi-Utilities–2.15%

CenterPoint Energy, Inc.		971,544		19,858,359
Wisconsin Energy Corp.		211,222		8,328,484
				28,186,843

Office Electronics–2.74%

Zebra Technologies Corp. -Class A ^(b)		827,265		35,804,029

Oil & Gas Exploration & Production–3.27%

Newfield Exploration Co. ^(b)		672,027		19,824,797
Pioneer Natural Resources Co.		195,697		23,002,225
				42,827,022

Oil & Gas Storage & Transportation–2.19%

Williams Cos., Inc. (The)		819,069		28,708,368

Packaged Foods & Meats–3.07%

ConAgra Foods, Inc.		1,231,011		40,241,750

Paper Packaging–5.11%

Sealed Air Corp.		2,186,504		40,931,355
Sonoco Products Co.		838,840		25,995,651
				66,927,006

Personal Products–0.94%

Avon Products, Inc.		723,942		12,292,535

Property & Casualty Insurance–2.90%

ACE Ltd.		444,407		37,921,249

Regional Banks–4.12%

BB&T Corp.		878,422		26,598,618

See accompanying notes which are an integral part of this schedule.

Invesco American Value Fund


	Shares		Value

Regional Banks–(continued)

Wintrust Financial Corp.		737,808	$	27,350,543
				53,949,161

Retail REIT’s–1.71%

Weingarten Realty Investors		777,951		22,436,107

Specialty Chemicals–2.17%

W.R. Grace & Co. ^(b)		395,829		28,420,522

Specialty Stores–2.23%

Staples, Inc.		2,162,933		29,156,337

Systems Software–1.44%

BMC Software, Inc. ^(b)		453,075		18,825,266

Trucking–2.50%

Swift Transportation Co. ^(b)		1,496,374		20,440,469
Werner Enterprises, Inc.		521,719		12,323,003
				32,763,472
Total Common Stocks & Other Equity Interests (Cost $974,998,201)				1,167,022,625

Preferred Stocks–1.88%

Health Care Facilities–0.95%

HealthSouth Corp., Series A, $65.00 Conv. Pfd.		11,118		12,371,554

Specialized REIT’s–0.93%

Health Care REIT, Inc., Series I, $3.25 Conv. Pfd.		209,259		12,210,263
Total Preferred Stocks (Cost $21,111,111)				24,581,817


	Principal Amount		Value

Bonds and Notes–1.09%

Health Care Facilities–1.09%

Brookdale Senior Living Inc., Sr. Unsec. Conv. Notes 2.75%, 06/15/18 (Cost $11,121,575)	$	12,036,000	$	14,322,840

	Shares

Money Market Funds–8.03%

Liquid Assets Portfolio –Institutional Class ^(c)		52,599,792		52,599,792
Premier Portfolio –Institutional Class ^(c)		52,599,792		52,599,792
Total Money Market Funds (Cost $105,199,584)				105,199,584
TOTAL INVESTMENTS–100.14% (Cost $1,112,430,471)				1,311,126,866
OTHER ASSETS LESS LIABILITIES–(0.14)%				(1,874,570)
NET ASSETS–100.00%			$	1,309,252,296

Investment Abbreviations:

Conv.

—Convertible

Pfd.	—Preferred

REIT	—Real Estate Investment Trust

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco American Value Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

Foreign securities’ (including foreign exchange contracts) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that the Adviser determines are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trade is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including corporate loans.

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Invesco American Value Fund

Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Country Determination – For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

NOTE 2 -- Additional Valuation Information

Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of January 31, 2013. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Invesco American Value Fund

NOTE 2 -- Additional Valuation Information – (continued)


	Level 1		Level 2		Level 3		Total
Equity Securities	$	1,284,432,472	$	12,371,554	$	--	$	1,296,804,026
Corporate Debt Securities		--		14,322,840		--		14,322,840
Total Investments	$	1,284,432,472	$	26,694,394	$	--	$	1,311,126,866

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $263,822,166 and $171,278,988, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	236,973,124
Aggregate unrealized (depreciation) of investment securities		(39,675,890)
Net unrealized appreciation of investment securities	$	197,297,234
Cost of investments for tax purposes is $1,113,829,632.

Invesco American Value Fund

Invesco Comstock Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		VK-COM-QTR-1 01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–98.14%

Aerospace & Defense–1.43%

Honeywell International Inc.		994,421	$	67,859,289
Textron Inc.		2,191,511		63,027,856
				130,887,145

Agricultural Products–0.66%

Archer-Daniels-Midland Co.		2,114,300		60,320,979

Aluminum–1.04%

Alcoa Inc.		10,780,668		95,301,105

Asset Management & Custody Banks–2.98%

Bank of New York Mellon Corp. (The)		7,515,637		204,124,701
State Street Corp.		1,238,006		68,895,034
				273,019,735

Automobile Manufacturers–1.88%

General Motors Co. ^(b)		6,134,281		172,311,953

Cable & Satellite–4.22%

Comcast Corp. -Class A		5,187,535		197,541,333
Time Warner Cable Inc.		2,113,100		188,784,354
				386,325,687

Communications Equipment–1.09%

Cisco Systems, Inc.		4,837,172		99,500,628

Computer Hardware–1.65%

Hewlett-Packard Co.		9,136,625		150,845,679

Department Stores–0.50%

Kohl’s Corp.		993,022		45,966,988

Diversified Banks–2.78%

U.S. Bancorp		1,852,258		61,309,740
Wells Fargo & Co.		5,530,191		192,616,552
				253,926,292

Drug Retail–1.59%

CVS Caremark Corp.		2,841,189		145,468,877

Electric Utilities–2.23%

FirstEnergy Corp.		1,703,839		68,988,441
PPL Corp.		4,448,703		134,751,214
				203,739,655

Electrical Components & Equipment–1.25%

Emerson Electric Co.		1,995,692		114,253,367

Electronic Components–1.13%

Corning Inc.		8,583,209		102,998,508


	Shares		Value

General Merchandise Stores–0.80%

Target Corp.		1,207,666	$	72,955,103

Health Care Distributors–0.83%

Cardinal Health, Inc.		1,741,920		76,313,515

Home Improvement Retail–0.98%

Lowe’s Cos., Inc.		2,346,070		89,596,413

Hotels, Resorts & Cruise Lines–0.97%

Carnival Corp.		2,285,675		88,501,336

Household Products–0.39%

Procter & Gamble Co. (The)		473,109		35,558,873

Housewares & Specialties–0.48%

Newell Rubbermaid Inc.		1,854,807		43,550,868

Hypermarkets & Super Centers–0.29%

Wal-Mart Stores, Inc.		378,554		26,479,852

Industrial Conglomerates–2.11%

General Electric Co.		8,654,241		192,816,490

Industrial Machinery–1.54%

Ingersoll-Rand PLC		2,744,554		141,042,630

Integrated Oil & Gas–8.14%

BP PLC -ADR (United Kingdom)		4,642,398		206,679,559
Chevron Corp.		1,129,640		130,078,046
Murphy Oil Corp.		2,482,472		147,756,734
Occidental Petroleum Corp.		1,179,026		104,072,625
Royal Dutch Shell PLC -ADR (United Kingdom)		2,216,527		156,309,484
				744,896,448

Integrated Telecommunication Services–1.43%

AT&T Inc.		1,379,720		48,000,459
Verizon Communications Inc.		1,897,091		82,732,138
				130,732,597

Internet Software & Services–3.13%

eBay Inc. ^(b)		2,737,838		153,127,279
Yahoo! Inc. ^(b)		6,794,163		133,369,420
				286,496,699

Investment Banking & Brokerage–2.28%

Goldman Sachs Group, Inc. (The)		677,717		100,207,236
Morgan Stanley		4,737,803		108,258,798
				208,466,034

Life & Health Insurance–1.55%

Aflac, Inc.		678,722		36,012,989
MetLife, Inc.		2,836,456		105,913,267
				141,926,256

See accompanying notes which are an integral part of this schedule.

Invesco Comstock Fund


	Shares		Value

Managed Health Care–2.83%

UnitedHealth Group Inc.		2,974,181	$	164,204,533
WellPoint, Inc.		1,460,930		94,697,483
				258,902,016

Movies & Entertainment–4.91%

News Corp. -Class B		5,574,601		157,426,732
Time Warner Inc.		1,498,352		75,696,743
Viacom Inc. -Class B		3,581,542		216,146,060
				449,269,535

Oil & Gas Drilling–0.54%

Noble Corp.		1,226,168		49,659,804

Oil & Gas Equipment & Services– 4.49%

Halliburton Co.		5,052,126		205,520,486
Weatherford International Ltd. ^(b)		15,336,406		204,741,020
				410,261,506

Oil & Gas Exploration & Production– 1.18%

QEP Resources Inc.		3,672,346		107,783,355

Other Diversified Financial Services– 8.75%

Bank of America Corp.		12,075,078		136,689,883
Citigroup Inc.		8,574,869		361,516,477
JPMorgan Chase & Co.		6,422,410		302,174,391
				800,380,751

Packaged Foods & Meats–3.07%

Kraft Foods Group, Inc.		847,967		39,193,035
Mondelez International Inc. -Class A		3,009,828		83,643,120
Tyson Foods, Inc. -Class A		2,506,866		55,451,876
Unilever N.V. -New York Shares (Netherlands)		2,523,811		102,163,869
				280,451,900

Paper Products–1.75%

International Paper Co.		3,856,451		159,734,201

Pharmaceuticals–10.85%

Bristol-Myers Squibb Co.		4,736,361		171,172,087
GlaxoSmithKline PLC -ADR (United Kingdom)		2,038,793		92,989,349
Merck & Co., Inc.		4,287,454		185,432,385
Novartis AG (Switzerland)		1,431,479		97,424,885
Pfizer Inc.		8,325,769		227,126,978
Roche Holding AG -ADR (Switzerland)		1,633,708		90,342,909
Sanofi -ADR (France)		2,627,774		127,920,038
				992,408,631

Property & Casualty Insurance–3.55%

Allstate Corp. (The)		4,920,369		216,004,199
Travelers Cos., Inc. (The)		1,382,935		108,505,080
				324,509,279


	Shares		Value

Regional Banks–2.58%

Fifth Third Bancorp		5,955,754	$	97,019,233
PNC Financial Services Group, Inc.		2,253,588		139,271,738
				236,290,971

Semiconductors–0.55%

Intel Corp.		2,383,854		50,156,288

Specialty Stores–0.66%

Staples, Inc.		4,499,240		60,649,755

Systems Software–2.19%

Microsoft Corp.		7,304,941		200,666,729

Wireless Telecommunication Services–0.89%

Vodafone Group PLC -ADR (United Kingdom)		2,976,325		81,313,199
Total Common Stocks & Other Equity Interests (Cost $7,936,680,959)				8,976,637,632

Money Market Funds–2.19%

Liquid Assets Portfolio –Institutional Class ^(c)		99,994,107		99,994,107
Premier Portfolio –Institutional Class ^(c)		99,994,106		99,994,106
Total Money Market Funds (Cost $199,988,213)				199,988,213
TOTAL INVESTMENTS–100.33% (Cost $8,136,669,172)				9,176,625,845
OTHER ASSETS LESS LIABILITIES–(0.33)%				(30,435,071)
NET ASSETS–100.00%			$	9,146,190,774

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Comstock Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Comstock Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Foreign Currency Translations – Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Foreign Currency Contracts – The Fund may enter into foreign currency contracts to manage or minimize currency or exchange rate risk. The Fund may also enter into foreign currency contracts for the purchase or sale of a security denominated in a foreign currency in order to “lock in” the U.S. dollar price of that security. A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The use of foreign currency contracts does not eliminate fluctuations in the price of the underlying securities the Fund owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the contract date and reporting date exchange rates and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with foreign currency contracts include failure of the counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

Invesco Comstock Fund

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	8,988,858,052	$	187,767,793	$	--	$	9,176,625,845
Foreign Currency Contracts*		--		(12,617,683)		--		(12,617,683)
Total Investments	$	8,988,858,052	$	175,150,110	$	--	$	9,164,008,162

* Unrealized appreciation (depreciation).

Invesco Comstock Fund

NOTE 3 -- Derivative Investments


Open Foreign Currency Contracts

Settlement Date		Contract to						Notional		Unrealized
Settlement Date	Counterparty	Deliver			Receive			Value		Appreciation
02/15/13	Bank of New York		GBP	40,275,155		USD	64,528,048	$	63,870,274	$	657,774
02/15/13	CIBC N.A.		GBP	72,838,855		USD	116,730,675		115,511,353		1,219,322
02/15/13	Citibank N.A		GBP	38,307,845		USD	61,376,484		60,750,419		626,065
02/15/13	State Street		GBP	36,689,200		USD	58,790,591		58,183,495		607,096
										$	3,110,257

										Unrealized
Settlement Date		Contract to						Notional		Appreciation
Settlement Date	Counterparty	Deliver			Receive			Value		(Depreciation)
02/15/13	Bank of New York		CHF	32,958,747		USD	35,606,442	$	36,222,583	$	(616,141	)
02/15/13	Citibank N.A.		CHF	40,549,991		USD	43,812,772		44,565,572		(752,800	)
02/15/13	State Street		CHF	56,769,988		USD	61,331,520		62,391,801		(1,060,281	)
02/15/13	Bank of New York		EUR	53,804,460		USD	70,254,636		73,065,623		(2,810,987	)
02/15/13	CIBC N.A.		EUR	66,717,530		USD	87,128,758		90,601,372		(3,472,614	)
02/15/13	Citibank N.A.		EUR	75,864,290		USD	99,059,266		103,022,530		(3,963,264	)
02/15/13	State Street		EUR	58,532,460		USD	76,434,320		79,486,173		(3,051,853	)
										$	(15,727,940	)
Total open foreign currency contracts										$	(12,617,683	)

Currency Abbreviations:

CHF – Swiss Franc

EUR -- Euro

GBP -- British Pound Sterling

USD -- U.S. Dollar

NOTE 4 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $911,161,595 and $1,681,474,469, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	1,648,105,458
Aggregate unrealized (depreciation) of investment securities		(620,402,276)
Net unrealized appreciation of investment securities	$	1,027,703,182
Cost of investments for tax purposes is $8,148,922,663.

Invesco Comstock Fund

Invesco Dividend Income Fund

Effective February 6, 2013, Invesco Utilities Fund was renamed

Invesco Dividend Income Fund.

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		I-DIVI-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks–93.14%

Electric Utilities–50.90%

American Electric Power Co., Inc.		408,932	$	18,520,530
Duke Energy Corp.		215,924		14,842,616
Edison International		276,392		13,319,330
Entergy Corp.		199,041		12,858,049
Exelon Corp.		562,604		17,688,270
FirstEnergy Corp.		88,455		3,581,543
NextEra Energy, Inc.		53,104		3,826,143
Northeast Utilities		291,889		11,888,639
Pepco Holdings, Inc.		925,378		18,063,379
Pinnacle West Capital Corp.		125,964		6,723,958
Portland General Electric Co.		664,980		19,098,226
PPL Corp.		289,960		8,782,888
Southern Co. (The)		364,798		16,135,015
Xcel Energy, Inc.		598,692		16,631,664
				181,960,250

Gas Utilities–6.72%

AGL Resources Inc.		256,441		10,719,234
Atmos Energy Corp.		111,849		4,178,679
UGI Corp.		259,159		9,132,763
				24,030,676

Independent Power Producers & Energy Traders–4.78%

Calpine Corp. ^(b)		362,573		7,153,565
NRG Energy, Inc.		413,569		9,925,656
				17,079,221

Integrated Telecommunication Services–4.77%

AT&T Inc.		132,239		4,600,595
CenturyLink Inc.		136,213		5,509,816
Verizon Communications Inc.		159,057		6,936,476
				17,046,887

Multi-Utilities–25.97%

CMS Energy Corp.		168,165		4,321,841
Consolidated Edison, Inc.		46,700		2,656,296
Dominion Resources, Inc.		264,122		14,291,641
DTE Energy Co.		130,388		8,254,864
National Grid PLC (United Kingdom)		1,521,458		16,686,119
NiSource Inc.		144,487		3,905,484
PG&E Corp.		212,686		9,068,931
Public Service Enterprise Group Inc.		195,906		6,108,349
Sempra Energy		199,602		14,980,130
TECO Energy, Inc.		705,957		12,544,856
				92,818,511
Total Common Stocks (Cost $268,099,474)				332,935,545


	Shares		Value

Money Market Funds–4.74%
Liquid Assets Portfolio –Institutional Class ^(c)		8,473,125	$	8,473,125
Premier Portfolio –Institutional Class ^(c)		8,473,126		8,473,126
Total Money Market Funds (Cost $16,946,251)				16,946,251
TOTAL INVESTMENTS–97.88% (Cost $285,045,725)				349,881,796
OTHER ASSETS LESS LIABILITIES–2.12%				7,571,522
NET ASSETS–100.00%			$	357,453,318

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Dividend Income Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Dividend Income Fund

A.	Security Valuations – (continued)

Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

Invesco Dividend Income Fund

E.	Foreign Currency Contracts – (continued)

Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with foreign currency contracts include failure of the counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

F.	Other Risks - The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

The Fund may invest a large percentage of its assets in a limited number of securities or other instruments, which could negatively affect the value of the Fund.

The following factors may affect the Fund’s investments in the utilities sector: governmental regulation, economic factors, ability of the issuer to obtain financing, prices of natural resources and risks associated with nuclear power.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	349,881,796	$	--	$	--	$	349,881,796

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $2,932,037 and $37,147,104, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	71,389,693
Aggregate unrealized (depreciation) of investment securities		(6,978,011)
Net appreciation of investment securities	$	64,411,682
Cost of investments for tax purposes is $285,470,114.

Invesco Dividend Income Fund

Invesco Energy Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		I-ENE-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–97.94%

Coal & Consumable Fuels–0.79%

Peabody Energy Corp.		417,737	$	10,506,086

Integrated Oil & Gas–23.08%

BP PLC -ADR (United Kingdom)		175,522		7,814,239
Cenovus Energy Inc. (Canada)		309,918		10,289,166
Chevron Corp.		562,415		64,762,087
Exxon Mobil Corp.		682,928		61,443,032
Galp Energia, SGPS, S.A. (Portugal)		400,537		6,507,634
Imperial Oil Ltd. (Canada)		291,033		12,781,756
Occidental Petroleum Corp.		972,491		85,841,781
Royal Dutch Shell PLC -ADR (United Kingdom)		286,669		20,215,898
Suncor Energy, Inc. (Canada)		1,129,119		38,380,762
				308,036,355

Oil & Gas Drilling–7.22%

Atwood Oceanics, Inc. ^(b)		65,300		3,445,881
Ensco PLC -Class A		637,085		40,499,494
Helmerich & Payne, Inc.		345,853		22,252,182
Rowan Cos. PLC -Class A ^(b)		96,366		3,322,700
Seadrill Ltd. (Bermuda) ^(c)		338,021		13,412,673
Transocean Ltd.		235,930		13,379,590
				96,312,520

Oil & Gas Equipment & Services– 28.96%

Baker Hughes Inc.		217,964		9,747,350
Cameron International Corp. ^(b)		1,097,356		69,473,608
Dresser-Rand Group, Inc. ^(b)		170,276		10,395,350
FMC Technologies, Inc. ^(b)		355,360		16,826,296
Halliburton Co.		876,122		35,640,643
Lufkin Industries, Inc.		109,166		6,321,803
National Oilwell Varco Inc.		732,918		54,338,541
Oceaneering International, Inc.		217,770		13,765,242
Schlumberger Ltd.		1,069,503		83,474,709
Superior Energy Services, Inc. ^(b)		309,764		7,734,807
Weatherford International Ltd. ^(b)		5,895,323		78,702,562
				386,420,911

Oil & Gas Exploration & Production– 31.88%

Anadarko Petroleum Corp.		1,097,642		87,833,313
Apache Corp.		410,290		34,365,890
Cabot Oil & Gas Corp.		259,550		13,699,049
Canadian Natural Resources Ltd. (Canada)		220,257		6,652,101
Cobalt International Energy, Inc. ^(b)		301,874		7,308,370
Concho Resources Inc. ^(b)		262,217		23,919,435
ConocoPhillips		238,822		13,851,676
EOG Resources, Inc.		386,374		48,289,022


	Shares		Value

Oil & Gas Exploration & Production–(continued)

EQT Corp.		162,514	$	9,654,957
Kosmos Energy Ltd. ^(b)		506,786		6,274,011
Marathon Oil Corp.		1,820,847		61,198,668
Midstates Petroleum Co. Inc. ^(b)(d)		4,081,177		28,976,357
Noble Energy, Inc.		267,044		28,784,673
Oasis Petroleum Inc. ^(b)		259,947		9,326,898
Range Resources Corp.		104,837		7,041,901
Resolute Energy Corp. ^(b)(c)		745,048		6,340,358
SM Energy Co.		141,854		8,250,229
Southwestern Energy Co. ^(b)		309,672		10,621,750
Talisman Energy Inc. (Canada)		529,646		6,617,256
Whiting Petroleum Corp. ^(b)		134,992		6,422,919
				425,428,833

Oil & Gas Refining & Marketing– 5.32%

Marathon Petroleum Corp.		482,969		35,841,130
Phillips 66		580,764		35,176,875
				71,018,005

Oil & Gas Storage & Transportation– 0.69%

Western Gas Partners LP		176,350		9,270,719
Total Common Stocks & Other Equity Interests (Cost $1,043,393,264)				1,306,993,429

Money Market Funds–3.33%

Liquid Assets Portfolio –Institutional Class ^(e)		22,198,445		22,198,445
Premier Portfolio –Institutional Class ^(e)		22,198,446		22,198,446
Total Money Market Funds (Cost $44,396,891)				44,396,891
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–101.27% (Cost $1,087,790,155)				1,351,390,320

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–0.47%
Liquid Assets Portfolio - Institutional Class) ^(e)(f) (Cost $6,230,334)		6,230,334		6,230,334
TOTAL INVESTMENTS–101.74% (Cost $1,094,020,489)				1,357,620,654
OTHER ASSETS LESS LIABILITIES–(1.74)%				(23,202,787)
NET ASSETS–100.00%			$	1,334,417,867

See accompanying notes which are an integral part of this schedule.

Invesco Energy Fund

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	All or a portion of this security was out on loan at January 31, 2013.

^(d)

Affiliated company during the period. The Investment Company Act of 1940 defines affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The value of this security as of January 31, 2013 represented 2.17% of the Fund’s Net Assets. See Note 3.

^(e)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(f)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Energy Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Energy Fund

A.	Security Valuations – (continued)

Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Securities Lending – The Fund may lend portfolio securities having a market value up to one-third of the Fund’s total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily by the securities lending provider. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its sponsored agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds and is shown as such on the Schedule of Investments. It is the Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. The Fund could experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. Dividends received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, is included in Dividends from affiliated money market funds on the Statement of Operations. The aggregate value of securities out on loan is shown as a footnote on the Statement of Assets and Liabilities, if any.

Invesco Energy Fund

E.	Foreign Currency Translations – (continued)

arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

G.	Other Risks - The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

The businesses in which the Fund invests may be adversely affected by foreign, federal or state regulations governing energy production, distribution and sale. Although individual security selection drives the performance of the Fund, short-term fluctuations in commodity prices may cause price fluctuations in its shares.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2	Level 3	Total
Equity Securities	$	1,357,620,654	$-	$-	$	1,357,620,654

Invesco Energy Fund

NOTE 3 -- Investments in Other Affiliates

The Investment Company Act of 1940, as amended (the “1940 Act”), define affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The following is a summary of the investments in other affiliates for the nine months ended January 31, 2013.

Value

04/30/12

Purchases

at Cost

Proceeds
from Sales

Change in
Unrealized
Appreciation
(Depreciation)

Realized

Gain (Loss)

Value

01/31/13

Dividend
Income

Midstates Petroleum Co. Inc.

19,905,912

27,098,994

$ (971,907)

(15,995,860

)

$ (1,060,782)

28,976,357

NOTE 4 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $465,920,908 and $639,159,049, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	272,713,147
Aggregate unrealized (depreciation) of investment securities		(20,888,139)
Net unrealized appreciation of investment securities	$	251,825,008
Cost of investments for tax purposes is $1,105,795,646.

Invesco Energy Fund

Invesco Gold & Precious Metals Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		I-GPM-QTR-1 01/13		Invesco Advisers, Inc.

Schedule of Investments

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–97.21%

Australia–5.30%

BHP Billiton Ltd. -ADR ^(a)		83,090	$	6,540,844
Newcrest Mining Ltd.		698,571		17,087,366
				23,628,210

Brazil–5.14%

Yamana Gold Inc.		1,402,301		22,927,621

Canada–63.06%

Agnico-Eagle Mines Ltd.		326,309		14,954,741
Alamos Gold Inc.		389,372		5,985,233
Aurizon Mines Ltd. ^(b)		3,348,611		15,537,555
Barrick Gold Corp.		766,707		24,473,287
Cameco Corp.		456,447		9,836,433
Centerra Gold Inc.		567,852		5,158,668
Detour Gold Corp. ^(b)		444,027		9,385,430
Eldorado Gold Corp.		1,458,093		16,301,752
Franco-Nevada Corp.		341,996		18,281,166
Goldcorp, Inc.		737,869		26,039,397
IAMGOLD Corp.		1,661,542		13,644,870
International Tower Hill Mines Ltd. ^(a)(b)		857,102		1,791,343
Kinross Gold Corp.		2,472,786		20,282,151
Kirkland Lake Gold, Inc. ^(b)		357,747		2,170,229
New Gold Inc. ^(b)		1,771,952		17,216,700
Osisko Mining Corp. ^(b)		2,192,453		15,190,866
Pan American Silver Corp.		624,735		10,939,110
Rubicon Minerals Corp. ^(b)		3,024,207		7,065,479
Silver Wheaton Corp.		846,042		29,484,564
Tahoe Resources Inc. ^(b)		705,503		11,382,275
Torex Gold Resources Inc. ^(b)		3,019,225		6,054,798
				281,176,047

Mali–4.22%

Randgold Resources Ltd. -ADR		199,653		18,799,326

Peru–0.58%

Cia de Minas Buenaventura S.A. -ADR		88,208		2,610,075

South Africa–2.00%

Gold Fields Ltd. -ADR		445,976		5,182,241
Harmony Gold Mining Co. Ltd. -ADR		201,572		1,302,155
Impala Platinum Holdings Ltd.		133,666		2,422,841
				8,907,237

United States–16.91%

Coeur d’Alene Mines Corp. ^(b)		132,826		2,882,324
iShares Gold Trust -ETF		859,000		13,915,800
Newmont Mining Corp.		498,691		21,423,766
SPDR ^® Gold Trust - ETF		122,500		19,747,000


	Shares		Value

United States–(continued)

Stillwater Mining Co. ^(a)(b)		1,296,233	$	17,447,296
				75,416,186
Total Common Stocks & Other Equity Interests (Cost $423,522,232)				433,464,702

Money Market Funds–2.98%

Liquid Assets Portfolio –Institutional Class ^(c)		6,629,485		6,629,485
Premier Portfolio –Institutional Class ^(c)		6,629,485		6,629,485
Total Money Market Funds (Cost $13,258,970)				13,258,970
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–100.19% (Cost $436,781,202)				446,723,672

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–2.26%

Liquid Assets Portfolio - Institutional Class (Cost $10,087,350) ^(c)(d)		10,087,350		10,087,350
TOTAL INVESTMENTS–102.45% (Cost $446,868,552)				456,811,022
OTHER ASSETS LESS LIABILITIES–(2.45)%				(10,910,226)
NET ASSETS–100.00%			$	445,900,796

Investment Abbreviations:

ADR	—American Depositary Receipt

ETF	—Exchange-Traded Fund

SPDR	—Standard & Poor’s Depositary Receipt

Notes to Schedule of Investments:

^(a)	All or a portion of this security was out on loan at January 31, 2013.

^(b)	Non-income producing security.

^(c)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(d)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Gold & Precious Metals Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Gold & Precious Metals Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Gold & Precious Metals Fund

E.	Foreign Currency Translations – (continued)

foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

G.	Other Risks – The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

The Fund may invest a large percentage of its assets in a limited number of securities or other instruments, which could negatively affect the value of the Fund.

Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect on the price of gold and precious metals.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Invesco Gold & Precious Metals Fund


	Level 1		Level 2		Level 3		Total
Australia	$	6,540,844	$	17,087,366	$	--	$	23,628,210
Brazil		22,927,621		--		--		22,927,621
Canada		281,176,047		--		--		281,176,047
Mali		18,799,326		--		--		18,799,326
Peru		2,610,075		--		--		2,610,075
South Africa		6,484,396		2,422,841		--		8,907,237
United States		98,762,506		--		--		98,762,506
Total Investments	$	437,300,815	$	19,510,207	$	--	$	456,811,022

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $42,048,792 and $54,267,763, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	40,537,980
Aggregate unrealized (depreciation) of investment securities		(67,143,388)
Net unrealized appreciation (depreciation) of investment securities	$	(26,605,408)
Cost of investments for tax purposes is $483,416,430.

Invesco Gold & Precious Metals Fund

Invesco Leisure Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		I-LEI-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–98.29%

Advertising–4.82%

Interpublic Group of Cos., Inc. (The)		1,267,817	$	15,353,264
National CineMedia, Inc.		267,705		4,090,532
				19,443,796

Apparel Retail–4.15%

bebe stores, inc.		702,678		2,937,194
Express, Inc. ^(b)		163,282		3,001,123
Foot Locker, Inc.		58,946		2,024,795
Gap, Inc. (The)		170,689		5,578,117
Tilly’s Inc. -Class A ^(b)		78,433		1,162,377
TJX Cos., Inc. (The)		44,635		2,016,609
				16,720,215

Apparel, Accessories & Luxury Goods–6.14%

Michael Kors Holdings Ltd. ^(b)		90,905		5,102,498
Prada S.p.A. (Italy) ^(c)		508,692		4,571,761
Prada S.p.A. (Italy)		286,000		2,570,363
PVH Corp.		63,288		7,523,045
Under Armour, Inc. -Class A ^(b)		98,108		4,990,754
				24,758,421

Automobile Manufacturers–6.83%

Ford Motor Co.		776,877		10,060,557
General Motors Co. ^(b)		357,744		10,049,029
Tesla Motors, Inc. ^(b)		125,178		4,695,427
Thor Industries, Inc.		64,561		2,716,727
				27,521,740

Automotive Retail–1.23%

Group 1 Automotive, Inc.		72,986		4,944,072

Broadcasting–5.75%

CBS Corp. -Class B		289,121		12,062,128
Discovery Communications, Inc. - Class A ^(b)		48,029		3,332,252
Scripps Networks Interactive -Class A		125,748		7,767,454
				23,161,834

Building Products–2.22%

Trex Co., Inc. ^(b)		211,894		8,952,521

Cable & Satellite–12.36%

Comcast Corp. -Class A		329,195		12,535,746
DIRECTV ^(b)		237,232		12,132,044
DISH Network Corp. -Class A		457,095		17,035,931
Sirius XM Radio Inc. ^(d)		2,590,813		8,135,153
				49,838,874

Casinos & Gaming–4.06%

Las Vegas Sands Corp.		117,923		6,515,246


	Shares		Value

Casinos & Gaming–(continued)

Penn National Gaming, Inc. ^(b)		202,199	$	9,839,003
				16,354,249

Computer Hardware–0.63%

Apple Inc.		5,536		2,520,596

Department Stores–3.67%

Macy’s, Inc.		260,863		10,306,697
Nordstrom, Inc.		80,913		4,468,825
				14,775,522

Distributors–1.86%

Pool Corp.		163,895		7,509,669

General Merchandise Stores–0.67%

Dollar General Corp. ^(b)		58,879		2,721,387

Home Entertainment Software–0.54%

Electronic Arts Inc. ^(b)		137,175		2,157,763

Home Furnishings–1.48%

La-Z-Boy Inc.		382,589		5,983,692

Home Improvement Retail–4.78%

Home Depot, Inc. (The)		221,864		14,847,139
Lowe’s Cos., Inc.		115,285		4,402,734
				19,249,873

Homebuilding–5.14%

D.R. Horton, Inc.		343,462		8,126,311
PulteGroup Inc. ^(b)		606,629		12,581,485
				20,707,796

Homefurnishing Retail–1.25%

Mattress Firm Holding Corp. ^(b)(d)		179,473		5,032,423

Hotels, Resorts & Cruise Lines– 3.31%

Marriott International Inc. -Class A		46,988		1,878,580
Norwegian Cruise Line Holdings Ltd. ^(b)		90,060		2,374,882
Royal Caribbean Cruises Ltd.		200,258		7,249,340
Wyndham Worldwide Corp.		32,835		1,831,865
				13,334,667

Housewares & Specialties–0.91%

Jarden Corp. ^(b)		62,653		3,686,502

Internet Retail–4.04%

Amazon.com, Inc. ^(b)		38,329		10,176,350
Priceline.com Inc. ^(b)		8,896		6,097,941
				16,274,291

Internet Software & Services–5.95%

Baidu, Inc. -ADR (China) ^(b)		26,132		2,830,096

See accompanying notes which are an integral part of this schedule.

Invesco Leisure Fund


	Shares		Value

Internet Software & Services–(continued)

eBay Inc. ^(b)		74,028	$	4,140,386
Facebook Inc. -Class A ^(b)		321,931		9,970,203
Google Inc. -Class A ^(b)		6,720		5,078,237
Millennial Media Inc. ^(b)		83,080		958,743
Yandex NV -Class A (Russia) ^(b)		40,987		992,295
				23,969,960

Motorcycle Manufacturers–1.26%

Harley-Davidson, Inc.		96,987		5,084,059

Movies & Entertainment–11.09%

News Corp. -Class A		332,995		9,237,281
Time Warner Inc.		204,100		10,311,132
Viacom Inc. -Class A		110,387		6,974,251
Viacom Inc. -Class B		71,484		4,314,060
Walt Disney Co. (The)		257,273		13,861,869
				44,698,593

Packaged Foods & Meats–0.18%

Annie’s, Inc. ^(b)(d)		20,543		736,672

Restaurants–3.28%

Chipotle Mexican Grill, Inc. ^(b)		7,348		2,255,909
Domino’s Pizza, Inc.		139,449		6,494,140
Starbucks Corp.		31,027		1,741,235
Yum! Brands, Inc.		42,256		2,744,105
				13,235,389

Systems Software–0.69%

Rovi Corp. ^(b)		161,984		2,800,703
Total Common Stocks & Other Equity Interests (Cost $290,393,839)				396,175,279

Money Market Funds–1.66%

Liquid Assets Portfolio –Institutional Class ^(e)		3,344,413		3,344,413
Premier Portfolio –Institutional Class ^(e)		3,344,412		3,344,412
Total Money Market Funds (Cost $6,688,825)				6,688,825
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–99.95% (Cost $297,082,664)				402,864,104

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–2.54%

Liquid Assets Portfolio - Institutional Class (Cost $10,251,480) ^(e)(f)		10,251,480		10,251,480
TOTAL INVESTMENTS–102.49% (Cost $307,334,144)				413,115,584
OTHER ASSETS LESS LIABILITIES–(2.49)%				(10,041,140)
NET ASSETS–100.00%			$	403,074,444

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)

Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at January 31, 2013 represented 1.13% of the Fund’s Net Assets.

^(d)	All or a portion of this security was out on loan at January 31, 2013.

^(e)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(f)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Leisure Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Leisure Fund

A.	Security Valuations – (continued)

Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Leisure Fund

E.	Foreign Currency Translations – (continued)

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

G.	Other Risks – The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

The leisure sector depends on consumer discretionary spending, which generally falls during economic downturns. Securities of gambling casinos are often subject to high price volatility and are considered speculative. Securities of companies that make video and electronic games may be affected by the games’ risk of rapid obsolescence.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	413,115,584	$	--	$	--	$	413,115,584

Invesco Leisure Fund

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $150,445,656 and $183,691,403, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	116,065,319
Aggregate unrealized (depreciation) of investment securities		(10,326,054)
Net unrealized appreciation of investment securities	$	105,739,265
Cost of investments for tax purposes is $307,376,319.

NOTE 4 -- Subsequent Event

The Board of Trustees unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which Invesco Leisure Fund (the “Fund”) would transfer all of its assets and liabilities to Invesco American Franchise Fund (the “Acquiring Fund”).

The Agreement requires approval of the Fund’s shareholders and will be submitted to the shareholders for their consideration at a meeting to be held in or around April 2013. Upon closing of the reorganization, shareholders of the Fund will receive a corresponding class of shares of the Acquiring Fund in exchange for their shares of the Fund and the Fund will liquidate and cease operations.

Invesco Leisure Fund

Invesco Mid Cap Growth Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		VK-MCG-QTR-1 01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–98.53%

Aerospace & Defense–2.67%

B/E Aerospace, Inc. ^(b)		450,689	$	23,205,977
Triumph Group, Inc.		379,323		26,692,959
				49,898,936

Apparel Retail–1.94%

Ross Stores, Inc.		236,771		14,135,229
Urban Outfitters, Inc. ^(b)		518,722		22,196,114
				36,331,343

Apparel, Accessories & Luxury Goods–4.03%

Michael Kors Holdings Ltd. ^(b)		470,839		26,428,193
Ralph Lauren Corp.		141,703		23,590,715
Under Armour, Inc. -Class A ^(b)		500,803		25,475,849
				75,494,757

Application Software–4.12%

Autodesk, Inc. ^(b)		482,295		18,751,629
Citrix Systems, Inc. ^(b)		518,599		37,940,703
Salesforce.com, Inc. ^(b)		119,175		20,513,593
				77,205,925

Asset Management & Custody Banks–2.29%

Affiliated Managers Group, Inc. ^(b)		298,310		42,935,758

Automobile Manufacturers–2.45%

Tesla Motors, Inc. ^(b)		1,221,634		45,823,491

Automotive Retail–1.53%

O’Reilly Automotive, Inc. ^(b)		309,156		28,643,303

Biotechnology–5.70%

Alexion Pharmaceuticals, Inc. ^(b)		136,267		12,807,736
BioMarin Pharmaceutical Inc. ^(b)		587,589		32,252,760
Medivation Inc. ^(b)		524,216		28,496,382
Onyx Pharmaceuticals, Inc. ^(b)		428,162		33,191,118
				106,747,996

Broadcasting–1.94%

Discovery Communications, Inc. -Class A ^(b)		523,609		36,327,992

Building Products–1.12%

Lennox International Inc.		364,302		20,951,008

Casinos & Gaming–2.33%

Penn National Gaming, Inc. ^(b)		191,720		9,329,095
Wynn Resorts Ltd.		274,161		34,330,441
				43,659,536


	Shares		Value

Commodity Chemicals–0.84%

LyondellBasell Industries N.V. -Class A		248,625	$	15,767,798

Communications Equipment–1.32%

F5 Networks, Inc. ^(b)		119,850		12,569,868
Palo Alto Networks, Inc. ^(b)		218,988		12,123,176
				24,693,044

Construction & Engineering–1.51%

MasTec Inc. ^(b)		998,070		28,245,381

Construction & Farm Machinery & Heavy Trucks–2.96%

Cummins Inc.		162,485		18,658,153
Joy Global Inc.		581,049		36,704,865
				55,363,018

Construction Materials–1.15%

Martin Marietta Materials, Inc. ^(c)		217,647		21,488,288

Consumer Finance–1.60%

Discover Financial Services		780,969		29,981,400

Data Processing & Outsourced Services–1.69%

Alliance Data Systems Corp. ^(b)(c)		200,803		31,646,553

Diversified Chemicals–2.10%

PPG Industries, Inc. ^(c)		284,671		39,247,591

Electrical Components & Equipment–2.24%

AMETEK, Inc.		1,020,899		41,846,650

Electronic Components–1.77%

Amphenol Corp. -Class A		489,409		33,069,366

Environmental & Facilities Services–1.51%

Waste Connections, Inc.		782,613		28,189,720

Food Retail–2.36%

Fresh Market, Inc. (The) ^(b)		259,305		12,677,421
Whole Foods Market, Inc.		328,068		31,576,545
				44,253,966

Health Care Equipment–1.06%

Intuitive Surgical, Inc. ^(b)		34,706		19,934,432

Health Care Facilities–1.56%

Universal Health Services, Inc. -Class B		514,907		29,164,333

Health Care Services–2.58%

Catamaran Corp. (Canada) ^(b)		354,916		18,416,591
DaVita HealthCare Partners Inc. ^(b)		116,790		13,478,734
HMS Holdings Corp. ^(b)		563,285		15,355,149
Innovacare Inc. (Acquired 12/12/12; Cost $953,207) ^(b)(d)		243,165		953,207
				48,203,681

See accompanying notes which are an integral part of this schedule.

Invesco Mid Cap Growth Fund


	Shares		Value

Homebuilding–1.03%

Toll Brothers, Inc. ^(b)		514,141	$	19,254,580

Hotels, Resorts & Cruise Lines–0.93%

Noregian Cruise Line Holdings Ltd. ^(b)		268,258		7,073,963
Starwood Hotels & Resorts Worldwide, Inc.		168,590		10,353,112
				17,427,075

Household Appliances–0.86%

Whirlpool Corp.		139,398		16,083,741

Household Products–1.25%

Church & Dwight Co., Inc.		403,320		23,307,863

Industrial Gases–1.34%

Airgas, Inc.		262,809		25,029,929

Industrial Machinery–1.89%

Flowserve Corp.		226,211		35,463,098

Internet Software & Services–3.86%

Akamai Technologies, Inc. ^(b)		701,587		28,561,607
Equinix, Inc. ^(b)		134,299		28,932,034
Rackspace Hosting, Inc. ^(b)		196,792		14,828,277
				72,321,918

IT Consulting & Other Services–1.64%

Cognizant Technology Solutions Corp. -Class A ^(b)		259,804		20,311,477
Teradata Corp. ^(b)		156,211		10,413,025
				30,724,502

Movies & Entertainment–1.67%

Cinemark Holdings, Inc.		1,109,809		31,230,025

Oil & Gas Equipment & Services–3.22%

Cameron International Corp. ^(b)		493,867		31,266,720
FMC Technologies, Inc. ^(b)		294,058		13,923,646
Superior Energy Services, Inc. ^(b)		604,647		15,098,036
				60,288,402

Oil & Gas Exploration & Production–4.03%

EQT Corp.		316,055		18,776,828
Gulfport Energy Corp. ^(b)		519,935		21,457,717
Pioneer Natural Resources Co.		298,712		35,110,609
				75,345,154

Pharmaceuticals–1.38%

Shire PLC -ADR (Ireland)		228,934		22,925,451
Zoetis Inc. ^(b)		109,943		2,858,518
				25,783,969

Railroads–1.39%

Kansas City Southern		280,037		26,074,245

Regional Banks–1.04%

First Republic Bank		546,554		19,506,512


	Shares		Value

Restaurants–0.54%

Panera Bread Co. -Class A ^(b)		63,778	$	10,192,362

Semiconductors–2.05%

Avago Technologies Ltd.		875,296		31,309,338
Cavium Inc. ^(b)		102,292		3,420,644
NXP Semiconductors N.V. (Netherlands) ^(b)		119,705		3,589,953
				38,319,935

Specialty Chemicals–1.57%

Albemarle Corp.		478,136		29,314,518

Specialty Stores–5.74%

Dick’s Sporting Goods, Inc.		666,866		31,736,153
GNC Holdings, Inc. -Class A		551,608		19,824,792
Tractor Supply Co.		245,853		25,487,580
Ulta Salon, Cosmetics & Fragrance, Inc.		309,955		30,319,798
				107,368,323

Systems Software–0.88%

Red Hat, Inc. ^(b)		297,951		16,554,158

Trading Companies & Distributors–1.87%

Fastenal Co.		705,317		35,040,149

Trucking–1.25%

J.B. Hunt Transport Services, Inc.		348,603		23,450,524

Wireless Telecommunication Services–2.73%

SBA Communications Corp. -Class A ^(b)		513,908		35,798,832
Sprint Nextel Corp. ^(b)		2,727,740		15,357,176
				51,156,008
Total Common Stocks & Other Equity Interests (Cost $1,490,555,746)				1,844,352,256

Money Market Funds–1.19%

Liquid Assets Portfolio –Institutional Class ^(e)		11,103,467		11,103,467
Premier Portfolio –Institutional Class ^(e)		11,103,467		11,103,467
Total Money Market Funds (Cost $22,206,934)				22,206,934
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–99.72% (Cost $1,512,762,680)				1,866,559,190

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–2.24%

Liquid Assets Portfolio - Institutional Class (Cost $42,059,130) ^(e)(f)		42,059,130		42,059,130
TOTAL INVESTMENTS–101.96% (Cost $1,554,821,810)				1,908,618,320
OTHER ASSETS LESS LIABILITIES–(1.96)%				(36,761,993)
NET ASSETS–100.00%			$	1,871,856,327

See accompanying notes which are an integral part of this schedule.

Invesco Mid Cap Growth Fund

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	All or a portion of this security was out on loan at January 31, 2013.

^(d)

^(e)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(f)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Mid Cap Growth Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Mid Cap Growth Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

NOTE 2 -- Additional Valuation Information

Invesco Mid Cap Growth Fund

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1	Level 2	Level 3	Total
Equity Securities	$1,907,665,113	$--	$953,207	1,908,618,320

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $1,100,948,038 and $986,775,837, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	363,792,764
Aggregate unrealized (depreciation) of investment securities		(11,352,253)
Net unrealized appreciation of investment securities	$	352,440,511
Cost of investments for tax purposes is $1,556,177,809.

NOTE 4 -- Subsequent Event

The Board of Trustees unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which Invesco Mid Cap Growth Fund (the “Fund”) would acquire all of the assets and liabilities of Invesco Dynamics Fund (the “Target Fund”) in exchange for shares of the Fund.

The Agreement requires approval of the Target Fund’s shareholders and will be submitted to the shareholders for their consideration at a meeting to be held in or around April 2013. Upon closing of the reorganization, shareholders of the Target Fund will receive a corresponding class of shares of the Fund in exchange for their shares of the Target Fund and the Target Fund will liquidate and cease operations.

Invesco Mid Cap Growth Fund

Invesco Small Cap Value Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		VK-SCV-QTR-1 01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks–97.50%

Air Freight & Logistics–2.32%

UTi Worldwide, Inc.		3,683,600	$	54,369,936

Apparel Retail–6.49%

Abercrombie & Fitch Co. -Class A		1,885,400		94,270,000
Guess?, Inc.		2,146,800		58,156,812
				152,426,812

Apparel, Accessories & Luxury Goods–4.06%

Jones Group Inc. (The)		2,987,900		35,854,800
Maidenform Brands, Inc. ^(b)		850,025		16,498,985
Quiksilver, Inc. ^(b)		6,568,745		42,959,593
				95,313,378

Asset Management & Custody Banks–2.10%

Janus Capital Group Inc.		5,305,800		49,343,940

Auto Parts & Equipment–0.74%

Modine Manufacturing Co. ^(b)		2,038,031		17,282,503

Computer Storage & Peripherals–1.26%

Synaptics Inc. ^(b)		839,756		29,458,640

Construction & Engineering–2.28%

Aegion Corp. ^(b)(c)		2,274,100		53,486,832

Construction & Farm Machinery & Heavy Trucks–3.52%

Terex Corp. ^(b)		1,502,400		48,647,712
WABCO Holdings Inc. ^(b)		541,500		33,930,390
				82,578,102

Consumer Electronics–2.04%

Harman International Industries, Inc.		1,068,159		47,832,160

Data Processing & Outsourced Services–0.10%

Euronet Worldwide, Inc. ^(b)		94,986		2,324,307

Diversified Metals & Mining–0.78%

Globe Specialty Metals Inc.		1,212,300		18,378,468

Education Services–1.35%

Grand Canyon Education, Inc. ^(b)		1,326,309		31,645,733

Electrical Components & Equipment–3.33%

Belden Inc.		1,624,953		78,241,487


	Shares		Value

Electronic Components–1.07%

Rogers Corp. ^(b)		535,076	$	25,073,661

Electronic Equipment & Instruments–0.15%

Checkpoint Systems, Inc. ^(b)		301,286		3,633,509

Electronic Manufacturing Services–7.26%

Flextronics International Ltd. (Singapore) ^(b)		5,902,900		36,657,009
Jabil Circuit, Inc.		2,400,600		45,395,346
KEMET Corp. ^(b)(c)		2,384,100		13,732,416
Methode Electronics, Inc. ^(c)		2,560,881		24,635,675
Sanmina-SCI Corp. ^(b)(c)		5,250,394		49,983,751
				170,404,197

Health Care Facilities–7.37%

Brookdale Senior Living Inc. ^(b)		2,154,700		58,198,447
Health Management Associates Inc. -Class A ^(b)		6,385,208		66,661,572
Universal Health Services, Inc. -Class B		766,400		43,408,896
VCA Antech, Inc. ^(b)		218,907		4,728,391
				172,997,306

Health Care Services–2.07%

AMN Healthcare Services, Inc. ^(b)(c)		4,001,298		48,615,771

Health Care Supplies–3.22%

Alere, Inc. ^(b)		3,560,423		75,694,593

Human Resource & Employment Services–2.94%

Manpower, Inc.		1,339,400		68,979,100

Investment Banking & Brokerage–0.50%

FBR & Co. ^(b)(c)		2,947,933		11,703,294

IT Consulting & Other Services–2.26%

CIBER, Inc. ^(b)(c)		6,751,300		22,819,394
iGATE Corp. ^(b)		1,732,830		30,289,868
				53,109,262

Life & Health Insurance–1.84%

CNO Financial Group, Inc.		4,201,888		43,153,390

Life Sciences Tools & Services–1.21%

PerkinElmer, Inc.		803,500		28,315,340

Managed Health Care–0.04%

Triple-S Management Corp. -Class B (Puerto Rico) ^(b)		51,658		933,460

See accompanying notes which are an integral part of this schedule.

Invesco Small Cap Value Fund


	Shares		Value

Office Services & Supplies–3.03%

ACCO Brands Corp. ^(b)		5,042,712	$	42,005,791
Interface, Inc.		1,740,437		29,204,533
				71,210,324

Oil & Gas Equipment & Services–3.47%

Global Geophysical Services, Inc. ^(b)		1,634,500		6,243,790
ION Geophysical Corp. ^(b)		5,395,043		36,686,292
Superior Energy Services, Inc. ^(b)		1,539,880		38,450,804
				81,380,886

Oil & Gas Exploration & Production–1.04%

Goodrich Petroleum Corp. ^(b)(c)		2,445,612		24,309,383

Packaged Foods & Meats–0.10%

WhiteWave Foods Co. -Class A ^(b)		147,300		2,384,787

Paper Packaging–2.11%

Sealed Air Corp.		2,651,273		49,631,831

Property & Casualty Insurance–2.61%

AmTrust Financial Services, Inc.		821,209		27,296,987
Argo Group International Holdings, Ltd.		939,704		33,913,917
				61,210,904

Regional Banks–5.97%

First Horizon National Corp.		5,228,867		53,386,732
First Niagara Financial Group, Inc.		2,947,217		23,106,181
Zions Bancorp.		2,724,000		63,523,680
				140,016,593

Reinsurance–3.06%

Reinsurance Group of America, Inc.		412,494		23,673,031
Validus Holdings, Ltd. (Bermuda)		1,320,400		48,075,764
				71,748,795

Research & Consulting Services–3.17%

Dun & Bradstreet Corp. (The)		504,100		41,104,314
Resources Connection Inc. ^(c)		2,731,256		33,348,636
				74,452,950

Restaurants–1.46%

Sonic Corp. ^(b)(c)		3,073,939		34,305,159

Semiconductor Equipment–3.54%

Advanced Energy Industries, Inc. ^(b)		1,807,700		27,748,195
Brooks Automation, Inc.		1,232,900		11,539,944
GT Advanced Technologies Inc. ^(b)		5,761,000		18,204,760
Lam Research Corp. ^(b)		622,917		25,626,805
				83,119,704

Semiconductors–6.23%

Lattice Semiconductor Corp. ^(b)(c)		10,928,800		48,633,160
Microsemi Corp. ^(b)		2,041,600		42,710,272


	Shares		Value

Semiconductors–(continued)

ON Semiconductor Corp. ^(b)		6,982,900	$	54,815,765
				146,159,197

Trading Companies & Distributors–1.41%

AerCap Holdings N.V. ^(b)		2,267,470		33,127,737
Total Common Stocks (Cost $1,833,595,677)				2,288,353,431

Money Market Funds–2.23%

Liquid Assets Portfolio –Institutional Class ^(d)		26,191,347		26,191,347
Premier Portfolio –Institutional Class ^(d)		26,191,346		26,191,346
Total Money Market Funds (Cost $52,382,693)				52,382,693
TOTAL INVESTMENTS–99.73% (Cost $1,885,978,370)				2,340,736,124
OTHER ASSETS LESS LIABILITIES–0.27%				6,272,790
NET ASSETS–100.00%			$	2,347,008,914

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)

Affiliated company during the period. The Investment Company Act of 1940 defines affiliates as those companies in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The aggregate value of these securities as of January 31, 2013 was $365,573,471, which represented 15.58% of the Fund’s Net Assets. See Note 3.

^(d)	The money market fund and the Fund are affiliated by having the same investment adviser.

See accompanying notes which are an integral part of this schedule.

Invesco Small Cap Value Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Small Cap Value Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Small Cap Value Fund

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	2,340,736,124	$	--	$	--	$	2,340,736,124

NOTE 3 -- Investments in Other Affiliates

The Investment Company Act of 1940, as amended (the “1940 Act”) defines affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The following is a summary of the investments in other affiliates for the nine months ended January 31, 2013.


	Value 04/30/12		Purchases at Cost		Proceeds from Sales		Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 01/31/13		Dividend Income
ACCO Brands Corp. ^(a)	$	44,545,391	$	5,732,227	$	--	$	(8,271,827)	$	--	$	42,005,791	$	--
Aegion Corp.		41,502,325		--		--		11,984,507		--		53,486,832		--
AMN Healthcare Services, Inc.		26,848,710		--		--		21,767,061		--		48,615,771		--
CIBER, Inc.		24,865,984		2,377,568		--		(4,424,158)		--		22,819,394		--
FBR & Co.		15,850,445		--		(8,341,759)		7,068,263		(2,873,655)		11,703,294		--
Goodrich Petroleum Corp.		21,527,649		12,794,137		--		(10,012,403)		--		24,309,383		--
KEMET Corp.		--		10,641,029		--		3,091,387		--		13,732,416		--
Lattice Semiconductor Corp.		36,698,844		16,750,245		--		(4,815,929)		--		48,633,160		--
Methode Electronics, Inc.		21,639,444		--		--		2,996,231		--		24,635,675		537,785
Resources Connection Inc.		33,003,130		2,272,848		--		(1,927,342)		--		33,348,636		432,244
Sanmina-SCI Corp.		44,339,747		2,316,292		--		3,327,712		--		49,983,751		--
Sonic Corp.		41,135,387		60,565		(27,304,590)		18,338,227		2,075,570		34,305,159		--
THQ Inc. ^(a)		4,549,227		--		(1,168,847)		20,401,430		(23,781,810)		--		--
Total	$	356,506,283	$	52,944,911	$	(36,815,196)	$	59,523,159		(24,579,895)	$	407,579,262	$	970,029

^(a)	As of January 31, 2013, the security is no longer considered an affiliate of the Fund.

Invesco Small Cap Value Fund

NOTE 4 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $535,927,174 and $728,404,032, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	500,887,417
Aggregate unrealized (depreciation) of investment securities		(59,931,521)
Net unrealized appreciation of investment securities	$	440,955,896
Cost of investments for tax purposes is $1,899,780,228.

Invesco Small Cap Value Fund

Invesco Technology Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		I-TEC-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–97.55%

Application Software–12.07%

Aspen Technology, Inc. ^(b)		265,302	$	8,118,241
Autodesk, Inc. ^(b)		147,464		5,733,400
Cadence Design Systems, Inc. ^(b)		679,023		9,458,790
Citrix Systems, Inc. ^(b)		199,024		14,560,596
Informatica Corp. ^(b)		84,745		3,136,413
MicroStrategy Inc. -Class A ^(b)		59,921		6,008,279
Nuance Communications, Inc. ^(b)		201,408		4,843,862
Salesforce.com, Inc. ^(b)		116,161		19,994,793
SolarWinds, Inc. ^(b)		12,029		654,618
SS&C Techonologies Holdings, Inc. ^(b)		266,225		6,024,672
TIBCO Software Inc. ^(b)		126,553		2,966,402
				81,500,066

Communications Equipment–12.31%

Arris Group Inc. ^(b)		412,586		6,815,921
Brocade Communications Systems, Inc. ^(b)		795,547		4,550,529
Ciena Corp. ^(b)		205,578		3,219,351
Cisco Systems, Inc.		561,344		11,546,846
F5 Networks, Inc. ^(b)		51,324		5,382,861
Finisar Corp. ^(b)		232,037		3,596,573
JDS Uniphase Corp. ^(b)		752,052		10,912,275
QUALCOMM, Inc.		510,162		33,685,997
Telefonaktiebolaget LM Ericsson -ADR (Sweden) ^(c)		288,860		3,350,776
				83,061,129

Computer Hardware–8.10%

Apple Inc.		113,109		51,499,659
Hewlett-Packard Co.		191,034		3,153,971
				54,653,630

Computer Storage & Peripherals–1.87%

EMC Corp. ^(b)		512,059		12,601,772

Data Processing & Outsourced Services–7.49%

Alliance Data Systems Corp. ^(b)		83,865		13,217,124
Genpact Ltd.		445,389		7,460,266
MasterCard, Inc. -Class A		21,326		11,055,398
Visa Inc. -Class A		119,252		18,831,083
				50,563,871

Electronic Manufacturing Services–3.29%

Jabil Circuit, Inc.		409,853		7,750,320
Molex Inc.		260,635		7,078,847
Sanmina Corp. ^(b)		775,152		7,379,447
				22,208,614


	Shares		Value

Internet Retail–2.59%

Amazon.com, Inc. ^(b)		35,384	$	9,394,452
Priceline.com Inc. ^(b)		11,796		8,085,804
				17,480,256

Internet Software & Services–14.30%

Akamai Technologies, Inc. ^(b)		134,982		5,495,117
Baidu, Inc. -ADR (China) ^(b)		30,656		3,320,045
eBay Inc. ^(b)		163,665		9,153,784
ExactTarget Inc. ^(b)		152,911		3,362,513
Facebook Inc. -Class A ^(b)		396,093		12,267,000
Google Inc. -Class A ^(b)		39,670		29,978,222
LogMeIn, Inc. ^(b)		270,345		6,136,832
ValueClick, Inc. ^(b)		429,128		8,784,250
VeriSign, Inc. ^(b)		226,779		9,844,476
Web.com Group Inc. ^(b)		506,055		8,198,091
				96,540,330

IT Consulting & Other Services–6.47%

Accenture PLC -Class A		192,640		13,848,890
Cognizant Technology Solutions Corp. -Class A ^(b)		211,447		16,530,926
International Business Machines Corp.		65,487		13,298,445
				43,678,261

Life Sciences Tools & Services–1.42%

Agilent Technologies, Inc.		214,709		9,614,669

Other Diversified Financial Services–0.36%

BlueStream Ventures L.P. (Acquired 08/03/00-06/13/08; Acquisition Cost $25,801,962) ^(d)(e)		-		2,411,819

Research & Consulting Services–0.60%

Acacia Research ^(b)		159,935		4,083,141

Semiconductor Equipment–1.01%

Teradyne, Inc. ^(b)		420,538		6,795,894

Semiconductors–15.81%

ARM Holdings PLC -ADR (United Kingdom)		53,751		2,207,016
Avago Technologies Ltd.		227,194		8,126,729
Broadcom Corp. -Class A		272,803		8,852,457
Cirrus Logic, Inc. ^(b)		99,630		2,812,555
Cypress Semiconductor Corp. ^(b)		464,297		4,768,330
Diodes Inc. ^(b)		340,071		6,468,150
Fairchild Semiconductor International, Inc. ^(b)		438,077		6,470,397
Intermolecular Inc. ^(b)		437,354		4,102,381
Lattice Semiconductor Corp. ^(b)		1,675,415		7,455,597
MA-COM Technology Solutions Holdings Inc. ^(b)		193,965		3,285,767

See accompanying notes which are an integral part of this schedule.

Invesco Technology Fund


	Shares		Value

Semiconductors–(continued)

Maxim Integrated Products, Inc.		197,961	$	6,225,874
Microsemi Corp. ^(b)		728,705		15,244,509
ON Semiconductor Corp. ^(b)		823,161		6,461,814
Semtech Corp. ^(b)		373,001		11,249,710
Skyworks Solutions, Inc. ^(b)		304,332		7,288,751
Texas Instruments Inc.		171,508		5,673,485
				106,693,522

Systems Software–9.86%

Check Point Software Technologies Ltd. (Israel) ^(b)		193,063		9,653,150
CommVault Systems, Inc. ^(b)		81,476		6,251,653
Fortinet Inc. ^(b)		321,987		7,595,673
Infoblox, Inc. ^(b)		92,845		1,750,128
MICROS Systems, Inc. ^(b)		76,129		3,504,218
Oracle Corp.		604,872		21,479,005
Red Hat, Inc. ^(b)		114,809		6,378,788
Rovi Corp. ^(b)		130,225		2,251,590
Symantec Corp. ^(b)		352,924		7,683,156
				66,547,361
Total Common Stocks & Other Equity Interests (Cost $494,777,987)				658,434,335

Money Market Funds–1.87%

Liquid Assets Portfolio –Institutional Class ^(f)		6,320,620		6,320,620
Premier Portfolio –Institutional Class ^(f)		6,320,620		6,320,620
Total Money Market Funds (Cost $12,641,240)				12,641,240
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–99.42% (Cost $507,419,227)				671,075,575

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–0.28%

Liquid Assets Portfolio - Institutional Class (Cost $1,890,900) ^(f)(g)		1,890,900		1,890,900
TOTAL INVESTMENTS–99.70% (Cost $509,310,127)				672,966,475
OTHER ASSETS LESS LIABILITIES–0.30%				2,042,817
NET ASSETS–100.00%			$	675,009,292

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	All or a portion of this security was out on loan at January 31, 2013.

^(d)

The Fund has a 10.29% ownership of BlueStream Ventures L.P. (“BlueStream”) and has a remaining commitment of $829,416 to purchase additional interests in BlueStream, which is subject to the terms of the partnership agreement. BlueStream may be considered an affiliated company. Security is considered venture capital. The value of this security as of January 31, 2013 represented less than 1% of the Fund’s Net Assets. See Note 3.

^(e)

^(f)	The money market fund and the Fund are affiliated by having the same investment advisor.

^(g)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Technology Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Technology Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Technology Fund

E.	Foreign Currency Translations – (continued)

foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

G.	Other Risks - The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

Many products and services offered in technology-related industries are subject to rapid obsolescence, which may lower the value of the issuers in this sector.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	670,554,656	$	--	$	2,411,819	$	672,966,475

Invesco Technology Fund

NOTE 3 -- Investments in Other Affiliates

The Investment Company Act of 1940, as amended (the “1940 Act”), defines affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The following is a summary of the investments in other affiliates for the nine months ended January 31, 2013.

Value

04/30/12

Purchases

at Cost

Proceeds
from Sales

Change in
Unrealized
Appreciation
(Depreciation)

Realized
Gain (Loss)

Value

01/31/13

Dividend
Income

BlueStream Ventures L.P.

$ 2,853,386

$ -

$ (441,567)

$ -

$ 2,411,819

$ 720,031

NOTE 4 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $213,754,375 and $292,761,989, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	218,772,331
Aggregate unrealized (depreciation) of investment securities		(38,661,349)
Net unrealized appreciation of investment securities	$	180,110,982
Cost of investments for tax purposes is $492,855,493.

Invesco Technology Fund

Invesco Technology Sector Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		MS-TECH-QTR-1		01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–99.18%

Application Software–12.37%

Aspen Technology, Inc. ^(b)		39,799	$	1,217,849
Autodesk, Inc. ^(b)		21,473		834,870
Cadence Design Systems, Inc. ^(b)		101,692		1,416,570
Citrix Systems, Inc. ^(b)		29,611		2,166,341
Informatica Corp. ^(b)		12,293		454,964
MicroStrategy Inc. -Class A ^(b)		8,756		877,964
Nuance Communications, Inc. ^(b)		29,759		715,704
Salesforce.com, Inc. ^(b)		17,026		2,930,685
SolarWinds, Inc. ^(b)		1,756		95,562
SS&C Techonologies Holdings, Inc. ^(b)		38,765		877,252
TIBCO Software Inc. ^(b)		19,858		465,471
				12,053,232

Communications Equipment–12.84%

Arris Group Inc. ^(b)		60,173		994,058
Brocade Communications Systems, Inc. ^(b)		118,195		676,076
Ciena Corp. ^(b)		30,773		481,905
Cisco Systems, Inc.		82,146		1,689,743
F5 Networks, Inc. ^(b)		7,599		796,983
Finisar Corp. ^(b)		33,797		523,854
JDS Uniphase Corp. ^(b)		110,010		1,596,245
QUALCOMM, Inc.		79,706		5,262,987
Telefonaktiebolaget LM Ericsson -ADR (Sweden) ^(c)		42,128		488,685
				12,510,536

Computer Hardware–8.23%

Apple Inc.		16,607		7,561,333
Hewlett-Packard Co.		27,724		457,724
				8,019,057

Computer Storage & Peripherals–1.89%

EMC Corp. ^(b)		74,668		1,837,580

Data Processing & Outsourced Services–7.56%

Alliance Data Systems Corp. ⁽ ^b)		12,307		1,939,583
Genpact Ltd.		67,032		1,122,786
MasterCard, Inc. -Class A		3,001		1,555,718
Visa Inc. -Class A		17,383		2,744,950
				7,363,037

Electronic Manufacturing Services–3.32%

Jabil Circuit, Inc.		59,780		1,130,440
Molex Inc.		37,834		1,027,571
Sanmina Corp. ^(b)		113,354		1,079,130
				3,237,141


	Shares		Value

Internet Retail–2.63%

Amazon.com, Inc. ^(b)		5,183	$	1,376,086

Priceline.com Inc. ^(b)		1,725		1,182,436
				2,558,522

Internet Software & Services–14.59%

Akamai Technologies, Inc. ^(b)		19,592		797,590
Baidu, Inc. -ADR (China) ^(b)		4,464		483,451
eBay Inc. ^(b)		23,862		1,334,602
ExactTarget Inc. ^(b)		22,305		490,487
Facebook Inc. -Class A ^(b)		57,834		1,791,119
Google Inc. -Class A ^(b)		5,802		4,384,513
LogMeIn, Inc. ^(b)		39,412		894,652
ValueClick, Inc. ^(b)		62,417		1,277,676
VeriSign, Inc. ^(b)		35,932		1,559,808
Web.com Group Inc. ^(b)		73,987		1,198,590
				14,212,488

IT Consulting & Other Services–6.46%

Accenture PLC -Class A		29,017		2,086,032
Cognizant Technology Solutions Corp. -Class A ^(b)		30,839		2,410,993
International Business Machines Corp.		8,833		1,793,718
				6,290,743

Life Sciences Tools & Services–1.44%

Agilent Technologies, Inc.		31,301		1,401,659

Research & Consulting Services–0.64%

Acacia Research ^(b)		24,236		618,745

Semiconductor Equipment–0.96%

Teradyne, Inc. ^(b)		57,802		934,080

Semiconductors–16.14%

ARM Holdings PLC -ADR (United Kingdom)		8,365		343,467
Avago Technologies Ltd.		33,118		1,184,631
Broadcom Corp. -Class A		40,350		1,309,357
Cirrus Logic, Inc. ^(b)		14,485		408,912
Cypress Semiconductor Corp. ^(b)		70,490		723,932
Diodes Inc. ^(b)		50,469		959,920
Fairchild Semiconductor International, Inc. ^(b)		65,015		960,271
Intermolecular Inc. ^(b)		65,644		615,741
Lattice Semiconductor Corp. ^(b)		243,674		1,084,349
MA-COM Technology Solutions Holdings Inc. ^(b)		28,153		476,912
Maxim Integrated Products, Inc.		28,825		906,546
Microsemi Corp. ^(b)		106,341		2,224,654
ON Semiconductor Corp. ^(b)		115,642		907,790
Semtech Corp. ^(b)		56,629		1,707,931
Skyworks Solutions, Inc. ^(b)		44,345		1,062,063
Texas Instruments Inc.		25,393		840,000
				15,716,476

See accompanying notes which are an integral part of this schedule.

Invesco Technology Sector Fund


	Shares		Value

Systems Software–10.11%

Check Point Software Technologies Ltd. (Israel) ^(b)		28,975	$	1,448,750
CommVault Systems, Inc. ^(b)		11,732		900,196
Fortinet Inc. ^(b)		47,032		1,109,485
Infoblox, Inc. ^(b)		13,343		251,515
MICROS Systems, Inc. ^(b)		11,087		510,335
Oracle Corp.		91,011		3,231,801
Red Hat, Inc. ^(b)		16,718		928,852
Rovi Corp. ^(b)		18,074		312,499
Symantec Corp. ^(b)		52,793		1,149,304
				9,842,737
Total Common Stocks & Other Equity Interests (Cost $79,972,016)				96,596,033

Money Market Funds–1.43%

Liquid Assets Portfolio –Institutional Class ^(c)		696,906		696,906
Premier Portfolio –Institutional Class ^(c)		696,906		696,906
Total Money Market Funds (Cost $1,393,812)				1,393,812
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–100.61% (Cost $81,365,828)				97,989,845

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–0.11%
Liquid Assets Portfolio - Institutional Class (Cost $105,600) ^(d) ^(e)		105,600		105,600
TOTAL INVESTMENTS–100.72% (Cost $81,471,428)				98,095,445
OTHER ASSETS LESS LIABILITIES–(0.72)%				(696,838)
NET ASSETS–100.00%			$	97,398,607

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	Non-income producing security.

^(c)	All or a portion of this security was out on loan at January 31, 2013.

^(d)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(e ⁾

The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Technology Sector Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Technology Sector Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Securities Lending – The Fund may lend portfolio securities having a market value up to one-third of the Fund’s total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily by the securities lending provider. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its sponsored agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds and is shown as such on the Schedule of Investments. It is the Fund’s policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. Upon the failure of the borrower to return the securities, collateral may be liquidated and the securities may be purchased on the open market to replace the loaned securities. The Fund could experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. Dividends received on cash collateral investments for securities lending transactions, which are net of compensation to counterparties, is included in Dividends from affiliated money market funds on the Statement of Operations. The aggregate value of securities out on loan is shown as a footnote on the Statement of Assets and Liabilities, if any.

E.	Other Risks - The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

Many products and services offered in technology-related industries are subject to rapid obsolescence, which may lower the value of the issuers in this sector.

Invesco Technology Sector Fund

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	98,095,445	$	--	$	--	$	98,095,445

NOTE 3 -- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $32,439,944 and $42,391,718, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	19,117,165
Aggregate unrealized (depreciation) of investment securities		(2,777,184)
Net unrealized appreciation of investment securities	$	16,339,981
Cost of investments for tax purposes is $81,755,464.

Invesco Technology Sector Fund

Invesco Value Opportunities Fund

Quarterly Schedule of Portfolio Holdings

January 31, 2013

LOGO


invesco.com/us		VK-VOPP-QTR-1 01/13		Invesco Advisers, Inc.

Schedule of Investments ^(a)

January 31, 2013

(Unaudited)


	Shares		Value

Common Stocks & Other Equity Interests–92.54%

Advertising–6.51%

Omnicom Group Inc.		1,094,655	$	59,417,873

Apparel Retail–1.07%

Vera Bradley, Inc. ^(b)(c)		384,600		9,726,534

Asset Management & Custody Banks–2.08%

Bank of New York Mellon Corp. (The)		699,320		18,993,531

Automobile Manufacturers–2.72%

Renault S.A. (France)		411,001		24,837,981

Brewers–1.35%

Molson Coors Brewing Co. -Class B		272,849		12,327,318

Cable & Satellite–2.11%

Time Warner Cable Inc.		216,002		19,297,619

Computer Hardware–3.42%

Apple Inc.		40,663		18,514,271
Hewlett-Packard Co.		770,861		12,726,915
				31,241,186

Department Stores–2.23%

Macy’s, Inc.		515,672		20,374,201

Diversified Banks–6.34%

Comerica Inc.		382,235		13,133,594
U.S. Bancorp		382,638		12,665,318
Wells Fargo & Co.		922,825		32,141,995
				57,940,907

Food Retail–1.65%

Kroger Co. (The)		543,672		15,059,714

General Merchandise Stores–2.17%

Target Corp.		328,342		19,835,140

Household Products–1.66%

Procter & Gamble Co. (The)		201,660		15,156,766

Industrial Conglomerates–1.95%

General Electric Co.		799,845		17,820,547

Integrated Oil & Gas–13.68%

Chevron Corp.		349,950		40,296,742
Exxon Mobil Corp.		134,482		12,099,346
Petroleo Brasileiro S.A. -ADR (Brazil)		709,982		12,978,471
Royal Dutch Shell PLC -ADR (United Kingdom)		565,888		39,906,422
Total S.A. -ADR (France)		361,810		19,642,665
				124,923,646


	Shares		Value

Investment Banking & Brokerage–3.26%

Goldman Sachs Group, Inc. (The)		92,287	$	13,645,556
Morgan Stanley		707,620		16,169,117
				29,814,673

Life & Health Insurance–3.23%

MetLife, Inc.		382,000		14,263,880
Unum Group		652,374		15,206,838
				29,470,718

Managed Health Care–3.64%

UnitedHealth Group Inc.		358,443		19,789,638
WellPoint, Inc.		207,658		13,460,391
				33,250,029

Marine–0.42%

Diana Shipping Inc. (Greece) ^(c)		440,154		3,838,143

Oil & Gas Drilling–1.15%

Noble Corp.		260,277		10,541,218

Other Diversified Financial Services–9.84%

Bank of America Corp.		1,513,866		17,136,963
Citigroup Inc.		598,821		25,246,294
JPMorgan Chase & Co.		1,008,664		47,457,641
				89,840,898

Pharmaceuticals–4.48%

Bristol-Myers Squibb Co.		382,205		13,812,889
Pfizer Inc.		994,747		27,136,698
				40,949,587

Property & Casualty Insurance–14.20%

Allied World Assurance Co. Holdings AG		266,901		22,641,212
Allstate Corp. (The)		676,319		29,690,404
Aspen Insurance Holdings Ltd.		925,324		31,562,801
Chubb Corp. (The)		425,080		34,138,175
Travelers Cos., Inc. (The)		148,311		11,636,481
				129,669,073

Steel–1.15%

POSCO -ADR (South Korea)		128,728		10,486,183

Wireless Telecommunication Services–2.23%

Vodafone Group PLC -ADR (United Kingdom)		747,089		20,410,471
Total Common Stocks & Other Equity Interests (Cost $673,650,225)				845,223,956

See accompanying notes which are an integral part of this schedule.

Invesco Value Opportunities Fund


	Shares		Value

Money Market Funds–7.73%

Liquid Assets Portfolio –Institutional Class ^(d)		35,297,693	$	35,297,693
Premier Portfolio –Institutional Class ^(d)		35,297,692		35,297,692
Total Money Market Funds (Cost $70,595,385)				70,595,385
TOTAL INVESTMENTS (excluding investments purchased with cash collateral from securities on loan)–100.27% (Cost $744,245,610)				915,819,341

Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds–0.73%

Liquid Asset Portfolio - Institutional Class (Cost $6,653,485) ^(d)(e)		6,653,485		6,653,485
TOTAL INVESTMENTS–101.00% (Cost $750,899,095)				922,472,826
OTHER ASSETS LESS LIABILITIES–(1.00)%				(9,143,954)
NET ASSETS–100.00%			$	913,328,872

Investment Abbreviations:

ADR	—American Depositary Receipt

Notes to Schedule of Investments:

^(a)	Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.

^(b)	All or a portion of this security was out on loan at January 31, 2013.

^(c)	Non-income producing security.

^(d)	The money market fund and the Fund are affiliated by having the same investment adviser.

^(e)	The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 1D.

See accompanying notes which are an integral part of this schedule.

Invesco Value Opportunities Fund

Notes to Quarterly Schedule of Portfolio Holdings

January 31, 2013

(Unaudited)

NOTE 1 -- Significant Accounting Policies

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

Invesco Value Opportunities Fund

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Invesco Value Opportunities Fund

E.	Foreign Currency Translations – (continued)

The Fund may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.

NOTE 2 -- Additional Valuation Information

Level 1 – Prices are determined using quoted prices in an active market for identical assets.


	Level 1		Level 2		Level 3		Total
Equity Securities	$	897,634,845	$	24,837,981	$	--	$	922,472,826

Invesco Value Opportunities Fund

NOTE 3

-- Investment Securities

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the nine months ended January 31, 2013 was $68,203,598 and $210,167,171, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
Aggregate unrealized appreciation of investment securities	$	211,054,358
Aggregate unrealized (depreciation) of investment securities		(52,495,179)
Net unrealized appreciation of investment securities	$	158,559,179
Cost of investments for tax purposes is $763,913,647.

Invesco Value Opportunities Fund

Item 2. Controls and Procedures.

(a)

As of February 12, 2013, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of February 12, 2013, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.

(b)

There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: AIM Sector Funds (Invesco Sector Funds)


By:		/s/ Philip A. Taylor
		Philip A. Taylor
		Principal Executive Officer

Date:		April 1, 2013

Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By:		/s/ Philip A. Taylor
		Philip A. Taylor
		Principal Executive Officer

Date:		April 1, 2013


By:		/s/ Sheri Morris
		Sheri Morris
		Principal Financial Officer

Date:		April 1, 2013

EXHIBIT INDEX

Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule

30a-2(a) under the Investment Company Act of 1940, as amended.

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