Mutual Funds

Invesco Small Cap Equity Fund

Equity | US Equity

Objective & Strategy

The fund’s investment objective is long-term growth of capital. Investing primarily in common stocks of small-cap companies that management believes can generate sustainable growth in revenue, earnings and cash flow that is not fully reflected in investor expectations or equity valuations.

Navigating Uncharted Waters

A small-cap fund that targets high quality companies with sustainable, above average growth. The team's mission is to deliver the characteristics of the small-cap asset class, but their goal is to outperform the market and peers with less risk.

New opportunities   Experienced leadership   Research edge
US small caps include entrepreneurial businesses, which innovate to create new markets or a new way to meet an old need.   Lead manager Juliet Ellis developed a well-defined investment process and has used it to successfully manage small-cap portfolios for two decades.   Small-cap companies are less-followed by analysts, so experienced analysts, doing in-depth research, are more likely to gain an information advantage.

Style Map

Invesco Small Cap Equity Fund

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

as of 07/31/2015

Morningstar Rating

Overall Rating - Small Blend Category

As of 07/31/2015 the Fund had an overall rating of 3 stars out of 647 funds and was rated 2 stars out of 647 funds, 3 stars out of 577 funds and 4 stars out of 378 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 07/31/2015

Top Equity Holdings | View all

% of Total Assets
DYCOM INDUSTRIES INC 1.65
GRAPHIC PACKAGING HOLDING CO 1.57
STANCORP FINANCIAL GROUP 1.53
APOGEE ENTERPRISES 1.47
MICROSTRATEGY INC CL A 1.41
COLUMBIA SPORTSWEAR CO 1.33
JONES LANG LASALLE INC 1.33
ETRADE FINANCIAL CORP 1.31
IMPAX LABORATORIES INC 1.30
ALERE INC 1.29

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

as of 07/31/2015 06/30/2015

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 08/31/2000 N/A 7.68 4.68 12.72 16.69 15.17 8.22
Load 08/31/2000 5.50 7.28 -1.06 6.51 14.51 13.88 7.62
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.

as of 07/31/2015 06/30/2015

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell 2000 IX Tr -1.16 1.85 12.03 17.90 15.27 7.61
S&P 500 Reinvested IX 2.10 1.41 11.21 17.58 16.24 7.72
Russell 2000 IX Tr 0.75 0.42 6.49 17.81 17.08 8.40
S&P 500 Reinvested IX -1.94 0.28 7.42 17.31 17.34 7.89

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 0.72
12b-1 Fee 0.25
Other Expenses 0.32
Interest/Dividend Exp 0.00
Total Other Expenses 0.32
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.29
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 1.29
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.29
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 0.0162 2.1137 14.62
12/13/2013 N/A 0.0408 1.0067 16.24
12/07/2012 N/A N/A 0.5816 12.92
12/12/2008 N/A 0.0332 0.0842 7.48
12/14/2007 N/A 0.2136 0.8975 11.61
12/15/2006 N/A 0.2271 1.8833 12.405
12/16/2005 N/A 0.1864 1.2096 12.377
12/17/2004 N/A N/A 0.3620 12.629
12/14/2001 0.0047 N/A N/A 9.647
as of 07/31/2015

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 07/31/2015

Fund Characteristics

3-Year Alpha 0.85%
3-Year Beta 0.88
3-Year R-Squared 0.95
3-Year Sharpe Ratio 1.47
3-Year Standard Deviation 11.31
Number of Securities 103
Total Assets $1,453,827,835.00
Wghtd Med Mkt Cap MM$ $3,006.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Russell 2000 IX Tr

as of 07/31/2015

Top Equity Holdings | View all

% of Total Assets
DYCOM INDUSTRIES INC 1.65
GRAPHIC PACKAGING HOLDING CO 1.57
STANCORP FINANCIAL GROUP 1.53
APOGEE ENTERPRISES 1.47
MICROSTRATEGY INC CL A 1.41
COLUMBIA SPORTSWEAR CO 1.33
JONES LANG LASALLE INC 1.33
ETRADE FINANCIAL CORP 1.31
IMPAX LABORATORIES INC 1.30
ALERE INC 1.29

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

as of 07/31/2015

Top Industries

  % of Total Assets
Regional Banks 9.60
Application Software 5.43
Restaurants 5.39
Health Care Equipment 3.94
Trucking 3.90
Life Sciences Tools & Services 3.24
Specialty Chemicals 3.01
Industrial Machinery 2.49
Building Products 2.46
Semiconductors 2.37

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.

 About risk

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.

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.

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 09/01/2015

SMEAX

NAV Change ($)
$14.35 -0.42
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 SMEAX
  • WSJ Abrev. SmCpEq
  • CUSIP 008879496
  • Fund Type Equity
  • Geography Type Domestic
  • 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 1532
  • Tax ID 76-0649197

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