Mutual Funds

Invesco Technology Fund

Equity | Sector Equity

Objective & Strategy

The fund seeks long-term capital growth by investing broadly across the technology universe, focusing on areas such as hardware, software, semiconductors, telecommunication equipment and services, medical technology, biotechnology and service-related companies in information technology.

Style Map

Invesco Technology Fund

The map illustrates areas in which the fund can invest, not necessarily within a limited period of time.

as of 03/31/2015

Morningstar Rating

Overall Rating - Technology Category

As of 03/31/2015 the Fund had an overall rating of 2 stars out of 194 funds and was rated 1 stars out of 194 funds, 2 stars out of 186 funds and 2 stars out of 147 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. ©2015 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 03/31/2015

Top Equity Holdings | View all

% of Total Assets
APPLE INC 6.95
GOOGLE INC 6.28
NXP SEMICONDUCTORS NV 5.21
SALESFORCE COM INC 4.69
FACEBOOK INC A 4.45
MASTERCARD INC CLASS A 4.31
CELGENE CORP 4.11
AVAGO TECHNOLOGIES LTD 4.09
ALKERMERS PLC 3.41
DISH NETWORK CORP A 3.41

Holdings are subject to change and are not buy/sell recommendations.

as of 03/31/2015 03/31/2015

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/28/2002 N/A 3.93 4.13 13.48 9.30 12.47 7.85
Load 03/28/2002 5.50 3.48 -1.61 7.23 7.26 11.21 7.25
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

as of 03/31/2015 03/31/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
BOA ML 100 Tech IX (Price Only) -1.42 3.47 12.12 14.17 12.31 8.40
S&P 500 Reinvested IX -1.58 0.95 12.73 16.11 14.47 8.01
BOA ML 100 Tech IX (Price Only) -1.42 3.47 12.12 14.17 12.31 8.40
S&P 500 Reinvested IX -1.58 0.95 12.73 16.11 14.47 8.01

Source: Bloomberg LP

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.70
12b-1 Fee 0.25
Other Expenses 0.50
Interest/Dividend Exp 0.00
Total Other Expenses 0.50
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.45
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.45
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.45
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
12/12/2014 N/A 0.0947 5.1823 36.38
12/13/2013 N/A 0.1672 3.1843 36.09
12/07/2012 0.2698 N/A 1.0628 32.84
as of 03/31/2015

Sector Breakdown

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 03/31/2015

Asset Mix

as of 03/31/2015

Fund Characteristics

3-Year Alpha -3.11%
3-Year Beta 0.91
3-Year R-Squared 0.91
3-Year Sharpe Ratio 0.69
3-Year Standard Deviation 13.48
Number of Securities 41
Total Assets $764,593,866.00
Wghtd Med Mkt Cap MM$ $76,767.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  BOA ML 100 Tech IX (Price Only)

as of 03/31/2015

Top Equity Holdings | View all

% of Total Assets
APPLE INC 6.95
GOOGLE INC 6.28
NXP SEMICONDUCTORS NV 5.21
SALESFORCE COM INC 4.69
FACEBOOK INC A 4.45
MASTERCARD INC CLASS A 4.31
CELGENE CORP 4.11
AVAGO TECHNOLOGIES LTD 4.09
ALKERMERS PLC 3.41
DISH NETWORK CORP A 3.41

Holdings are subject to change and are not buy/sell recommendations.

as of 03/31/2015

Top Industries

  % of Total Assets
Semiconductors 15.70
Biotechnology 13.60
Internet Software & Services 12.89
Data Processing & Outsourced Services 7.74
Systems Software 7.27
Communications Equipment 5.48
Pharmaceuticals 5.25
Application Software 5.19
Cable & Satellite 4.31
Internet Retail 3.25

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 03/31/2015

Top Countries

  % of Total Assets
United States 76.36
Ireland 6.23
Netherlands 5.21
Singapore 4.09
Israel 2.55
China 2.16
United Kingdom 1.02

 About risk

Depositary Receipts Risk. Depositary receipts involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.

Derivatives Risk. The performance of derivative instruments is tied to the performance of an underlying currency, security, index, commodity or other instrument. In addition to risks relating to their underlying instruments, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, leverage, correlation, liquidity, tax, market, interest rate and management risks. Derivatives may also be more difficult to purchase, sell or value than other investments. The Fund may lose more than the cash amount invested on investments in derivatives. Investors should bear in mind that, while the Fund intends to use derivative strategies, it is not obligated to actively engage in these transactions, generally or in any particular kind of derivative, if the Adviser elects not to do so due to availability, cost, market conditions or other factors.

Developing/Emerging Markets Securities Risk. The prices of securities issued by foreign companies and governments located in developing/emerging markets countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments, the introduction of capital controls, withholding taxes, nationalization of private assets, expropriation, social unrest, war or lack of timely information than those in developed countries.

Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.

Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.

Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.

Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.

Mid-Capitalization Risk. Stocks of mid-sized companies tend to be more vulnerable to adverse developments in the above factors and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price.

Sector Fund Risk. The Fund's investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile than non-concentrated funds.

Technology Sector Risk. 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.

as of 04/24/2015

ITYAX

NAV Change ($)
$39.27 0.01
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.

Fund Details

  • Distribution Frequency Annually
  • NASDAQ ITYAX
  • WSJ Abrev. Tech
  • CUSIP 00142F642
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 03/28/2002
  • Fiscal Year End 04/30
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1055
  • Tax ID 20-0407433

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