Mutual Funds

Invesco European Small Company Fund
Limited offering! 

Equity | International and Global Equity

Objective & Strategy

The fund seeks long-term growth of capital by investing in a diversified portfolio of reasonably priced, quality, small-cap European companies with strong fundamentals and sustainable earnings growth.

Style Map

Invesco European Small Company Fund

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

as of 08/31/2016

Morningstar Rating

Overall Rating - Europe Stock Category

As of 08/31/2016 the Fund had an overall rating of 5 stars out of 86 funds and was rated 4 stars out of 86 funds, 5 stars out of 82 funds and 5 stars out of 63 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, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2016 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. 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. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 06/30/2017

Top Equity Holdings | View all

% of Total Assets

May not equal 100% due to rounding.

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

as of 06/30/2017 06/30/2017

Average Annual Returns (%)

Load (%)
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 08/31/2000 N/A 11.78 21.35 33.39 6.86 15.53 4.49
Load 08/31/2000 5.50 11.41 14.65 26.07 4.86 14.24 3.90
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 06/30/2017 06/30/2017

Annualized Benchmark Returns

Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
MSCI Europe Small Cap IX ND -1.07 10.15 26.89 4.75 15.18 3.72
MSCI Europe IX ND -1.09 7.37 21.11 -0.24 8.82 0.62
MSCI Europe Small Cap IX ND -1.07 10.15 26.89 4.75 15.18 3.72
MSCI Europe IX ND -1.09 7.37 21.11 -0.24 8.82 0.62

Source: FactSet Research Systems Inc.

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.92
12b-1 Fee 0.25
Other Expenses 0.25
Interest/Dividend Exp 0.00
Total Other Expenses 0.25
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.03
Total Annual Fund Operating Expenses 1.45
Contractual Waivers/Reimbursements -0.02
Net Expenses - PER PROSPECTUS 1.43
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.43
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range


From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
12/13/2016 0.2769 N/A N/A 13.18
12/11/2015 0.1864 N/A 0.4928 12.61
12/12/2014 0.2808 N/A 1.1576 12.28
12/13/2013 0.0673 0.0053 0.2332 14.46
12/07/2012 0.1500 N/A 0.4893 11.09
12/09/2011 0.4668 N/A 0.3261 9.59
12/10/2010 0.1968 N/A N/A 11.19
12/11/2009 0.2107 N/A N/A 9.69
12/12/2008 0.4708 N/A 3.6267 6.25
12/14/2007 0.4329 N/A 6.6030 22.88
12/15/2006 0.2664 N/A 3.9801 26.871
12/16/2005 0.0716 0.8329 0.5016 21.177
12/17/2004 N/A N/A 0.3613 16.454
12/12/2003 0.0330 N/A N/A 11.649
12/14/2000 0.0452 N/A N/A 8.908
as of 08/31/2016

Sector Breakdown

May not equal 100% due to rounding.

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 06/30/2017

Asset Mix

May not equal 100% due to rounding.

as of 08/31/2016

Fund Characteristics

3-Year Alpha 0.67%
3-Year Beta 0.67
3-Year R-Squared 0.86
3-Year Sharpe Ratio 0.50
3-Year Standard Deviation 11.11
Number of Securities 76
Total Assets $505,748,074.00
Wghtd Med Mkt Cap MM$ $568.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  MSCI Europe Small Cap IX ND

as of 08/31/2016

Top Equity Holdings | View all

% of Total Assets

May not equal 100% due to rounding.

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

as of 06/30/2017

Top Industries

  % of Total Assets
Application Software 8.72
Industrial Machinery 5.87
Regional Banks 3.98
Diversified Banks 3.21
IT Consulting & Other Services 2.57
Marine 2.53
Human Resource & Employment Services 2.47
Data Processing & Outsourced Services 2.34
Oil & Gas Exploration & Production 2.32
Electrical Components & Equipment 2.30

May not equal 100% due to rounding.

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 08/31/2016

Top Countries

  % of Total Assets
France 26.09
United Kingdom 17.58
Ireland 8.39
Germany 5.84
Romania 5.28
Switzerland 4.88
Norway 4.63
Italy 4.43
Israel 4.26
Greece 3.37

May not equal 100% due to rounding.

 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 value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund's returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund's ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.

Developing/Emerging Markets Securities Risk. The prices of securities issued by foreign companies and governments located in developing/emerging market 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.

Geographic Focus Risk. From time to time the Fund may invest a substantial amount of its assets in securities of issuers located in a single country or a limited number of countries. If the Fund focuses its investments in this manner, it assumes the risk that economic, political and social conditions in those countries will have a significant impact on its investment performance. The Fund's investment performance may also be more volatile if it focuses its investments in certain countries, especially emerging markets countries.

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.

Investing in the European Union Risk. Many countries in the European Union are susceptible to high economic risks associated with high levels of debt, notably due to investments in sovereign debts of European countries such as Greece, Italy and Spain. One or more member states might exit the European Union, placing its currency and banking system in jeopardy. The European Union faces major issues involving its membership, structure, procedures and policies, including the adoption, abandonment or adjustment of the new constitutional treaty, the European Union's enlargement to the south and east, and resolution of the European Union's problematic fiscal and democratic accountability. Efforts of the member states to further unify their economic and monetary policies may increase the potential for the downward movement of one member state's market to cause a similar effect on other member states' markets. European countries that are part of the European Economic and Monetary Union may be significantly affected by the tight fiscal and monetary controls that the union seeks to impose on its members.

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.

Preferred Securities Risk. Preferred securities may include provisions that permit the issuer, in its discretion, to defer or omit distributions for a certain period of time. If the Fund owns a security that is deferring or omitting its distributions, the Fund may be required to report the distribution on its tax returns, even though it may not have received this income. Further, preferred securities may lose substantial value due to the omission or deferment of dividend payments.

Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments 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 small- and 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.

as of 10/04/2016


NAV Change ($)
$13.54 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
  • WSJ Abrev. N/A
  • CUSIP 008879595
  • Fund Type Equity
  • Geography Type International
  • Inception Date 08/31/2000
  • Fiscal Year End 12/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1527
  • Tax ID 76-0649194