Overview
Why invest
- Concentrated and diversified exposure to companies located or active in emerging markets
- A flexible, high conviction portfolio of high-quality businesses, with strong management teams, that trade at an attractive price
- A collaborative and experienced portfolio management team which conducts thorough independent research
Fund details
Fund code
Prefix: AIM
| Load | Fund code |
|---|---|
| LL | 1626 |
| SC | 1624 |
| DSC | 1622 |
| LL4 | 1620 |
Performance
Performance
as of July 31, 2025| NAV as of Jul. 31, 2025 | 10.01% | -0.28% | 7.33% | 8.27% | 4.05% | 1.42% | -7.47% | -1.89% | 1.38% |
Calendar performance
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -3.33% | 4.64% | -30.09% | -25.28% | 8.94% | 15.73% | -16.85% | 37.56% | 5.20% | -4.75% |
Growth of $10,000 invested at start date
as of Jul. 31, 2025
Historical prices
| Date | Net asset value ($) |
|---|---|
Historical prices
| Date | Net asset value ($) |
|---|---|
Portfolio
Sector allocation
as of June 30, 2025
Geographic allocation
as of June 30, 2025
Top holdings
as of June 30, 2025
Number of holdings: 116
| % of net assets | |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. Taiwan -Information technology | 10.91% |
| Tencent Holdings Ltd. China -Communication services | 8.28% |
| Canadian Dollar Cash Management Fund, Series I -Cash, cash equivalents and money market funds | 6.79% |
| H World Group Ltd., ADR China -Consumer discretionary | 4.07% |
| Kotak Mahindra Bank Ltd. India -Financials | 3.94% |
| HDFC Bank Ltd. India -Financials | 3.39% |
| Galp Energia, SGPS, S.A. Portugal -Energy | 2.63% |
| Grupo Mexico, S.A.B. de C.V. Mexico -Materials | 2.57% |
| PT Bank Central Asia Tbk Indonesia -Financials | 1.97% |
| Meituan China -Consumer discretionary | 1.97% |
| Total top holdings | 46.52% |
Distributions
Distribution schedule
| Distribution frequency | |
|---|---|
| Capital Gain, if any | Annually |
| Income, if any | Annually |
Team
Co-Head of Asia and Emerging Markets Equities
William Lam
CFA charterholder
Co-Head of Asia and Emerging Markets Equities
Ian Hargreaves
CFA charterholder
Fund Manager
Charles Bond
Deputy Fund Manager
Matthew Pigott
Documents
Fund materials
On June 23, 2025, the Fund's subadvsior and portfolio manager team were changed. The performance of this Fund for the period prior to this date would have been different had the current subadvsior and portfolio manager team been in place during that period.
The Portfolio managers are part of Invesco Asset Management Limited which is an affiliate of Invesco Canada Ltd. and the subadvisor of the fund. Invesco Asset Management Limited and Invesco Canada Ltd. are indirect, wholly owned subsidiaries of Invesco Ltd.
Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. For mutual funds the indicated rates of return are the historical annual compounded total returns, including changes in share/unit value and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges, or income taxes payable by any investor, which would have reduced returns. For ETFs unless otherwise indicated, rates of return for periods greater than one year are historical annual compound total returns including changes in unit value and reinvestment of all distributions, and do not take into account any brokerage commissions or income taxes payable by any unitholder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from your advisor or from Invesco Canada Ltd.
Effective August 21, 2020, Invesco Developing Markets Fund changed its investment objectives and strategies. The performance of this Fund for the period prior to this date would have been different had the current investment objectives and strategies been in place during that period.
Effective August 21, 2020 the Fund’s investment objectives and strategies were changed. The performance of this Fund for the period prior to this date would have been different had the current investment objectives and strategies been in place during that period. On July 27, 2023, Invesco Emerging Markets Fund was renamed Invesco Developing Markets Fund.
Mutual funds unlike GICs are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Their values change frequently and past performance may not be repeated. In the case of a money market fund there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
The Management Expense Ratio (MER) indicates the trailing 12-month expense ratio, representing the cost of operating the fund. This includes applicable taxes such as HST, GST, and QST, but excludes commissions and other portfolio transaction costs. The MER is expressed as a percentage of the daily average net asset value over the period, including the fund's proportionate share of any expenses from underlying funds, if applicable. Each fund's MER is detailed in its Management Report of Fund Performance (MRFP), which can be found in the Documents tab on invesco.com/ca
Short-term investments, cash and other net assets may include unsettled shareholder/portfolio trading activity and the fair value of forward foreign-currency contracts, which at times can be negative.
Series F, FDCA, FH, F4, F6 and F8 shares or units are available to investors who have fee-based accounts with their dealer or have access to a discount brokerage platform through their dealer. Sales charges and trailing commissions are not payable for Series F, FDCA, FH, F4, F6 and F8 shares or units; however, investors holding such series in fee-based accounts pay fees to their dealer for investment advice and other services. The performance and quartile rankings of various series may differ due to fees and expenses.