Objective & Strategy
The Fund seeks capital appreciation. The strategy typically invests in a mix of foreign growth stocks.
Management team
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Novo Nordisk 'B' | 4.83 |
Hermes | 4.47 |
LVMH Moet Hennessy Louis Vuitton | 3.59 |
Reliance | 3.02 |
Alimentation Couche-Tard | 2.97 |
Epiroc 'A' | 2.90 |
Compass | 2.68 |
ASML | 2.57 |
Airbus | 2.53 |
London Stock Exchange | 2.41 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
NAV | 03/25/1996 | N/A | 6.99 | 5.35 | -8.17 | 3.79 | 1.17 | 4.23 |
Load | 03/25/1996 | 5.50 | 6.76 | -0.45 | -13.22 | 1.85 | 0.03 | 3.64 |
NAV | 03/25/1996 | N/A | 6.82 | -27.31 | -27.31 | -0.68 | 0.28 | 4.15 |
Load | 03/25/1996 | 5.50 | 6.60 | -31.30 | -31.30 | -2.53 | -0.86 | 3.56 |
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.
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
MSCI ACWI ex USA Net Return Index (USD) | -3.51 | 3.54 | -7.19 | 5.27 | 1.62 | 3.94 |
MSCI ACWI ex USA Net Return Index (USD) | -3.51 | 3.54 | -7.19 | 5.27 | 1.62 | 3.94 |
MSCI ACWI ex USA Net Return Index (USD) | -0.75 | 14.28 | -16.00 | 0.07 | 0.88 | 3.80 |
MSCI ACWI ex USA Net Return Index (USD) | -0.75 | 14.28 | -16.00 | 0.07 | 0.88 | 3.80 |
Source: RIMES Technologies Corp.
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
Management Fee | 0.66 |
12b-1 Fee | 0.25 |
Other Expenses | 0.17 |
Interest/Dividend Exp | N/A |
Total Other Expenses | 0.17 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | N/A |
Total Annual Fund Operating Expenses | 1.08 |
Contractual Waivers/Reimbursements | N/A |
Net Expenses - PER PROSPECTUS | 1.08 |
Additional Waivers/Reimbursements | N/A |
Net Expenses - With Additional Fee Reduction | 1.08 |
Historical Prices
Date | Net Asset Value ($) | Public Offering Price ($) |
---|---|---|
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Distributions
Capital Gains | Reinvestment Price ($) |
|||
---|---|---|---|---|
Ex-Date | Income | Short Term | Long Term | |
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Sector Breakdown
Holdings | % of Total Net Assets |
---|---|
CASH/OTHER | 1.32 |
Communication Services | 4.68 |
Consumer Discretionary | 21.58 |
Consumer Staples | 10.21 |
Energy | 3.01 |
Financials | 3.35 |
Health Care | 18.15 |
Industrials | 20.10 |
Information Technology | 14.43 |
Materials | 3.16 |
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.
Asset Mix
Holdings | % of Total Net Assets |
---|---|
Common Stocks | 98.58 |
Cash | 1.32 |
Others | 0.10 |
May not equal 100% due to rounding.
Fund Characteristics
3-Year Alpha | -1.25% |
3-Year Beta | 1.10 |
3-Year R-Squared | 0.86 |
3-Year Sharpe Ratio | 0.12 |
3-Year Standard Deviation | 23.08 |
Number of Securities | 69 |
Total Assets | $7,361,700,794.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: MSCI ACWI ex USA Net Return Index (USD)
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Novo Nordisk 'B' | 4.83 |
Hermes | 4.47 |
LVMH Moet Hennessy Louis Vuitton | 3.59 |
Reliance | 3.02 |
Alimentation Couche-Tard | 2.97 |
Epiroc 'A' | 2.90 |
Compass | 2.68 |
ASML | 2.57 |
Airbus | 2.53 |
London Stock Exchange | 2.41 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Countries
% of Total Assets | |
---|---|
United Kingdom | 18.87 |
France | 18.74 |
Japan | 8.51 |
United States | 7.00 |
Canada | 5.88 |
Denmark | 5.44 |
Netherlands | 5.32 |
Germany | 5.28 |
Sweden | 4.66 |
Switzerland | 4.21 |
May not equal 100% due to rounding.
Top Industries
% of Total Assets | |
---|---|
Apparel, Accessories & Luxury Goods | 8.72 |
Food Retail | 4.86 |
Pharmaceuticals | 4.83 |
Data Processing & Outsourced Services (Discontinue | 4.59 |
Health Care Equipment | 4.32 |
Casinos & Gaming | 3.72 |
Industrial Machinery & Supplies & Components | 3.54 |
Aerospace & Defense | 3.18 |
Semiconductor Materials & Equipment | 3.06 |
Oil & Gas Refining & Marketing | 3.02 |
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.
Fund Documents
Materials & Resources
About risk
As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:
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. The value of the Fund’s investments may go up or down due to general market conditions that are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally. 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.
Investing in Stocks Risk. The value of the Fund’s portfolio may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall or rise sharply at times. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.
The prices of individual stocks generally do not all move in the same direction at the same time. However, individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. A variety of factors can negatively affect the price of a particular company’s stock. These factors may include, but are not limited to: poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.
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.
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. Foreign companies generally may be subject to less stringent
regulations than U.S. companies, including financial reporting requirements
and auditing and accounting controls, and may therefore be more
susceptible to fraud or corruption. There may be less public information
available about foreign companies than U.S. companies, making it difficult
to evaluate those foreign companies. Unless the Fund has hedged its
foreign currency exposure, 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.
European Investment Risk. The Economic and Monetary Union of the
European Union (the “EU”) requires compliance with restrictions on inflation
rates, deficits, interest rates, debt levels and fiscal and monetary controls,
each of which may significantly affect every country in Europe. Decreasing
imports or exports, changes in governmental or EU regulations on trade,
changes in the exchange rate of the euro, the default or threat of default by
an EU member country on its sovereign debt, and recessions in an EU
member country may have a significant adverse effect on the economies of
EU member countries. Responses to financial problems by EU countries may
not produce the desired results, may limit future growth and economic
recovery, or may result in social unrest or have other unintended
consequences. Further defaults or restructurings by governments and other
entities of their debt could have additional adverse effects on economies,
financial markets, and asset valuations around the world. A number of
countries in Eastern Europe remain relatively undeveloped and can be
particularly sensitive to political and economic developments. Separately, the
EU faces issues involving its membership, structure, procedures and
policies. The exit of one or more member states from the EU, such as the
recent departure of the United Kingdom (known as “Brexit”), would place its
currency and banking system in jeopardy. The exit by the United Kingdom or
other member states will likely result in increased volatility, illiquidity and
potentially lower economic growth in the affected markets, which will
adversely affect the Fund’s investments.
Emerging Market 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, companies operating in emerging markets may be
subject to lower trading volume and greater price fluctuations than
companies in more developed markets. Such countries’ economies may be
more dependent on relatively few industries or investors that may be highly
vulnerable to local and global changes. Companies in emerging market
countries generally may be subject to less stringent regulatory, disclosure,
financial reporting, accounting, auditing and recordkeeping standards than
companies in more developed countries. As a result, information, including
financial information, about such companies may be less available and
reliable, which can impede the Fund’s ability to evaluate such companies.
Securities law and the enforcement of systems of taxation in many
emerging market countries may change quickly and unpredictably, and the
ability to bring and enforce actions (including bankruptcy, confiscatory
taxation, expropriation, nationalization of a company’s assets, restrictions on
foreign ownership of local companies, restrictions on withdrawing assets
from the country, protectionist measures and practices such as share
blocking), or to obtain information needed to pursue or enforce such
actions, may be limited. In addition, the ability of foreign entities to
participate in privatization programs of certain developing or emerging
market countries may be limited by local law. Investments in emerging
market securities may be subject to additional transaction costs, delays in
settlement procedures, unexpected market closures, and lack of timely
information.
Growth Investing Risk. If a growth company’s earnings or stock price
fails to increase as anticipated, or if its business plans do not produce the
expected results, the value of its securities may decline sharply. Growth
companies may be newer or smaller companies that may experience
greater stock price fluctuations and risks of loss than larger, more
established companies. Newer growth companies tend to retain a large part
of their earnings for research, development or investments in capital assets.
Therefore, they may not pay any dividends for some time. Growth investing
has gone in and out of favor during past market cycles and is likely to
continue to do so. During periods when growth investing is out of favor or
when markets are unstable, it may be more difficult to sell growth company
securities at an acceptable price. Growth stocks may also be more volatile
than other securities because of investor speculation.
Small- and Mid-Capitalization Companies Risk. Investing in securities of
small- and mid-capitalization companies involves greater risk than
customarily is associated with investing in larger, more established
companies. Stocks of 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.
They may be more sensitive to changes in a company’s earnings
expectations and may experience more abrupt and erratic price movements.
Smaller companies’ securities often trade in lower volumes and in many
instances, are traded over-the-counter or on a regional securities exchange,
where the frequency and volume of trading is substantially less than is
typical for securities of larger companies traded on national securities
exchanges. Therefore, the securities of smaller companies may be subject
to wider price fluctuations and it might be harder for the Fund to dispose of
its holdings at an acceptable price when it wants to sell them. Since smalland
mid-cap companies typically reinvest a high proportion of their earnings
in their business, they may not pay dividends for some time, particularly if
they are newer companies. It may take a substantial period of time to realize
a gain on an investment in a small- or mid-cap company, if any gain is
realized at all.
Sector Focus Risk. The Fund may from time to time have a significant
amount of its assets invested in one market sector or group of related
industries. In this event, the Fund’s performance will depend to a greater
extent on the overall condition of the sector or group of industries and there
is increased risk that the Fund will lose significant value if conditions
adversely affect that sector or group of industries.
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. Convertible securities may be
rated below investment grade.
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.
Invesco Oppenheimer International Growth Fund commentary
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Invesco Oppenheimer International Growth Fund Monthly Commentary - February
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