Mutual Funds

Invesco Select Opportunities Fund

Equity | International and Global Equity

Objective & Strategy

The fund’s investment objective is long-term growth of capital.

Style Map

Invesco Select Opportunities Fund

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

as of 07/31/2016

Morningstar Rating

Overall Rating - World Stock Category

As of 07/31/2016 the Fund had an overall rating of 1 stars out of 943 funds and was rated 1 stars out of 943 funds, N/A stars out of 733 funds and N/A stars out of 418 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. ©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. 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 07/31/2016

Top Equity Holdings | View all

% of Total Assets
ARCOS DORADOS HOLDINGS INC A 5.39
ENCORE CAPITAL GROUP INC 5.27
GASLOG LTD 5.14
MICROSEMI CORP 5.01
MITEL NETWORKS CORP 5.01
SBM OFFSHORE NV 4.77
SPIRIT AIRLINES INC 4.05
SA DES CIMENTS VICAT VIC 4.00
ALLIANCE DATA SYSTEMS CORP 3.98
BOOZ ALLEN HAMILTON HOLDINGS 3.98

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

as of 07/31/2016 06/30/2016

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 08/03/2012 N/A 8.49 5.85 -3.80 1.09 N/A N/A
Load 08/03/2012 5.50 6.97 -0.00 -9.11 -0.80 N/A N/A
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 07/31/2016 06/30/2016

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
MSCI World Sm Cap ND IX 5.51 4.75 1.99 7.29 8.50 6.47
MSCI World IX ND 4.22 3.64 -0.46 6.59 7.91 4.80
MSCI World Sm Cap ND IX -1.90 1.61 -3.76 7.60 6.84 5.60
MSCI World IX ND -1.12 1.01 -2.78 6.95 6.63 4.43

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 0.80
12b-1 Fee 0.25
Other Expenses 0.66
Interest/Dividend Exp 0.00
Total Other Expenses 0.66
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.04
Total Annual Fund Operating Expenses 1.75
Contractual Waivers/Reimbursements -0.23
Net Expenses - PER PROSPECTUS 1.52
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.52
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
12/11/2015 N/A 0.0393 0.2692 12.03
12/12/2014 N/A 0.1021 0.1817 13.61
12/13/2013 0.0678 0.1158 N/A 13.63
12/07/2012 0.0772 0.0885 N/A 10.89
as of 07/31/2016

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 07/31/2016

Fund Characteristics

3-Year Alpha -5.05%
3-Year Beta 0.89
3-Year R-Squared 0.84
3-Year Sharpe Ratio 0.08
3-Year Standard Deviation 12.37
Number of Securities 27
Total Assets $44,540,333.00
Wghtd Med Mkt Cap MM$ $2,636.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  MSCI World Sm Cap ND IX

as of 07/31/2016

Top Equity Holdings | View all

% of Total Assets
ARCOS DORADOS HOLDINGS INC A 5.39
ENCORE CAPITAL GROUP INC 5.27
GASLOG LTD 5.14
MICROSEMI CORP 5.01
MITEL NETWORKS CORP 5.01
SBM OFFSHORE NV 4.77
SPIRIT AIRLINES INC 4.05
SA DES CIMENTS VICAT VIC 4.00
ALLIANCE DATA SYSTEMS CORP 3.98
BOOZ ALLEN HAMILTON HOLDINGS 3.98

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

as of 07/31/2016

Top Industries

  % of Total Assets
Communications Equipment 8.48
Data Processing & Outsourced Services 7.51
Restaurants 5.39
Consumer Finance 5.27
Oil & Gas Storage & Transportation 5.14
Semiconductors 5.01
Oil & Gas Equipment & Services 4.83
Airlines 4.05
Construction Materials 4.00
IT Consulting & Other Services 3.98

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 07/31/2016

Top Countries

  % of Total Assets
United States 41.11
Netherlands 10.46
France 6.78
Virgin Islands (British) 5.39
Canada 5.01
China 3.36
Brazil 3.34
Ireland 3.17
United Kingdom 2.62
Hong Kong 0.35

 About risk

Cash/Cash Equivalents Risk. In rising markets, holding cash or cash equivalents will negatively affect the Fund's performance relative to its benchmark.

Convertible Securities Risk. The market values of convertible securities are affected by market interest rates, the risk of actual issuer default on interest or principal payments and the value of the underlying common stock into which the convertible security may be converted. Additionally, a convertible security is subject to the same types of market and issuer risks as apply to the underlying common stock. In addition, certain convertible securities are subject to involuntary conversions and may undergo principal write-downs upon the occurrence of certain triggering events, and, as a result, are subject to an increased risk of loss.

Debt Securities Risk. The prices of debt securities held by the Fund will be affected by changes in interest rates, the creditworthiness of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing debt securities to fall and often has a greater impact on longer-duration debt securities and higher quality debt securities. Falling interest rates will cause the Fund to reinvest the proceeds of debt securities that have been repaid by the issuer at lower interest rates. Falling interest rates may also reduce the Fund's distributable income because interest payments on floating rate debt instruments held by the Fund will decline. The Fund could lose money on investments in debt securities if the issuer or borrower fails to meet its obligations to make interest payments and/or to repay principal in a timely manner. Changes in an issuer's financial strength, the market's perception of such strength or in the credit rating of the issuer or the security may affect the value of debt securities. The Adviser's credit analysis may fail to anticipate such changes, which could result in buying a debt security at an inopportune time or failing to sell a debt security in advance of a price decline or other credit event.

Depositary Receipts Risk. Investing in depositary receipts involves the same risks as direct investments in foreign securities. In addition, the underlying issuers of certain depositary receipts are under no obligation to distribute shareholder communications or pass through any voting rights with respect to the deposited securities to the holders of such receipts. The Fund may therefore receive less timely information or have less control than if it invested directly in the foreign issuer.

Emerging Markets Securities Risk. Emerging markets (also referred to as developing markets) are generally subject to greater market volatility, political, social and economic instability, uncertain trading markets and more governmental limitations on foreign investment than more developed markets. In addition, emerging markets may be subject to lower trading volume and greater price fluctuations than companies in more developed markets. Securities law and the enforcement of systems of taxation in many emerging market countries may change quickly and unpredictably. In addition, investments in emerging markets securities may also be subject to additional transaction costs, delays in settlement procedures, and lack of timely information.

Foreign Securities Risk. The Fund's foreign investments may be adversely affected by political and social instability, changes in economic or taxation policies, difficulty in enforcing obligations, decreased liquidity or increased volatility. Foreign investments also involve the risk of the possible seizure, nationalization or expropriation of the issuer or foreign deposits (in which the Fund could lose its entire investments in a certain market) and the possible adoption of foreign governmental restrictions such as exchange controls. Unless the Fund has hedged its foreign securities risk, foreign securities risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. Currency hedging strategies, if used, are not always successful.

Limited Number of Holdings Risk. Because the Fund may hold a more limited number of securities than other funds with a similar investment strategy, a change in the value of these securities could significantly affect the value of your investment in the Fund.

Management Risk. The Fund is actively managed and depends heavily on the Adviser's judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund's portfolio. The Fund could experience losses if these judgments prove to be incorrect. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective.

Market Risk. The market values of the Fund's investments, and therefore the value of the Fund's shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Preferred Securities Risk. Preferred securities are subject to issuer-specific and market risks applicable generally to equity securities. Preferred securities also may be subordinated to bonds or other debt instruments, subjecting them to a greater risk of non-payment, may be less liquid than many other securities, such as common stocks, and generally offer no voting rights with respect to the issuer.

Small- and Mid-Capitalization Companies Risks. Small- and mid-capitalization companies tend to be more vulnerable to changing market conditions, may have little or no operating history or track record of success, and may have more limited product lines and markets, less experienced management and fewer financial resources than larger companies. These companies' securities may be more volatile and less liquid than those of more established companies, and their returns may vary, sometimes significantly, from the overall securities market.

U.S. Government Obligations Risk. Obligations of U.S. Government agencies and authorities receive varying levels of support and may not be backed by the full faith and credit of the U.S. Government, which could affect the Fund's ability to recover should they default. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

Value Investing Style Risk. A value investing style subjects the Fund to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market.

Warrants Risk. Warrants may be significantly less valuable or worthless on their expiration date and may also be postponed or terminated early, resulting in a partial or total loss. Warrants may also be illiquid.

as of 08/31/2016

IZSAX

NAV Change ($)
$12.91 -0.05
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 IZSAX
  • WSJ Abrev. N/A
  • CUSIP 008882466
  • Fund Type Equity
  • Geography Type Global
  • Inception Date 08/03/2012
  • Fiscal Year End 10/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1646
  • Tax ID 45-5562329