Invesco Oppenheimer Small Cap Value Fund

Equity | US Equity

Objective & Strategy

The Fund seeks capital appreciation. The strategy primarily invests in small-capitalization value stocks.

as of 10/31/2019

Morningstar Rating

Overall Rating - Small Value Category

As of 10/31/2019 the Fund had an overall rating of 1 stars out of 387 funds and was rated 1 stars out of 387 funds, N/A stars out of 342 funds and N/A stars out of 238 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. ©2019 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 10/31/2019

Top Equity Holdings | View all

  % of Total Assets
AECOM 3.64
Energizer 3.58
Flextronics 3.28
Crown 3.14
Carpenter Technology 3.06
MGIC Investment 3.01
Owens Corning 3.00
LKQ 2.88
Sealed Air 2.87
CNO Financial 2.76

May not equal 100% due to rounding.

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

as of 10/31/2019 09/30/2019

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 12/07/2015 N/A 3.47 8.84 -2.98 2.10 N/A N/A
Load 12/07/2015 5.50 1.99 2.87 -8.35 0.19 N/A N/A
NAV 12/07/2015 N/A 3.35 8.02 -15.59 0.36 N/A N/A
Load 12/07/2015 5.50 1.83 2.09 -20.24 -1.52 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.

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

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

as of 10/31/2019 09/30/2019

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell 2000 Value IX Tr 2.42 1.67 3.22 8.60 6.24 11.08
Russell 2000 Value IX Tr 2.42 1.67 3.22 8.60 6.24 11.08
Russell 2000 Value IX Tr 5.13 -0.57 -8.24 6.54 7.17 10.06
Russell 2000 Value IX Tr 5.13 -0.57 -8.24 6.54 7.17 10.06

Source: RIMES Technologies Corp.

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.79
12b-1 Fee 0.25
Other Expenses 0.92
Interest/Dividend Exp 0.00
Total Other Expenses 0.92
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.96
Contractual Waivers/Reimbursements -0.71
Net Expenses - PER PROSPECTUS 1.25
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.25
This information is updated per the most recent prospectus.

Historical Prices

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Distributions

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    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 10/31/2019

Sector Breakdown

Holdings % of Total Net Assets
CASH/OTHER 3.30
Consumer Discretionary 10.80
Consumer Staples 6.00
Energy 5.90
Financials 14.80
Health Care 6.30
Industrials 30.70
Information Technology 5.80
Materials 16.60

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 10/31/2019

Fund Characteristics

3-Year Alpha -6.03%
3-Year Beta 1.02
3-Year R-Squared 0.95
3-Year Sharpe Ratio 0.03
3-Year Standard Deviation 18.47
Number of Securities 63
Total Assets $31,121,339.00
Wghtd Med Mkt Cap MM$ $2,928.00

Source: RIMES Technologies Corp.,StyleADVISOR

Benchmark:  Russell 2000 Value IX Tr

as of 10/31/2019

Top Equity Holdings | View all

  % of Total Assets
AECOM 3.64
Energizer 3.58
Flextronics 3.28
Crown 3.14
Carpenter Technology 3.06
MGIC Investment 3.01
Owens Corning 3.00
LKQ 2.88
Sealed Air 2.87
CNO Financial 2.76

May not equal 100% due to rounding.

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

as of 10/31/2019

Top Industries

  % of Total Assets
Thrifts & Mortgage Finance 7.65
Building Products 6.86
Construction & Engineering 6.31
Auto Parts & Equipment 6.19
Household Products 5.99
Steel 5.23
Trading Companies & Distributors 4.81
Oil & Gas Exploration & Production 4.16
Diversified Chemicals 3.94
Industrial Machinery 3.44

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.

 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:

Risks of Investing in Stocks. 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 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. 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.

Risks of Value Investing. Value investing entails the risk that if the market does not recognize that a fund’s securities are undervalued, the prices of those securities might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause a fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of “value” companies may underperform the securities of “growth” companies.

Risks of Small-Cap Companies. Small-cap companies may be either established or newer companies, including “unseasoned” companies that have typically been in operation for less than three years. While smaller companies might offer greater opportunities for gain than larger companies, they also involve greater risk of loss. 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 it might be harder for the Fund to dispose of its holdings at an acceptable price when it wants to sell them. Small-cap companies may not have established markets for their products or services and may have fewer customers and product lines. They may have more limited access to financial resources and may not have the financial strength to sustain them through business downturns or adverse market conditions. Since small-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. Small-cap companies may have unseasoned management or less depth in management skill than larger, more established companies. They may be more reliant on the efforts of particular members of their management team and management changes may pose a greater risk to the success of the business. It may take a substantial period of time before the Fund realizes a gain on an investment in a small-sized company, if it realizes any gain at all.

Industry and Sector Focus. At times the Fund may increase the relative emphasis of its investments in a particular industry or sector. The prices of stocks of issuers in a particular industry or sector may go up and down in response to changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others. To the extent that the Fund increases the relative emphasis of its investments in a particular industry or sector, its share values may fluctuate in response to events affecting that industry or sector. To some extent that risk may be limited by the Fund’s policy of not concentrating its investments in any one industry.

Active Trading Risk. Active trading portfolio securities may result in added expenses, a lower return and increased tax liability.

Risks of Investing in REITs. Investment in REITs is closely linked to the performance of the real estate markets. Property values or revenues from real estate investments may fall due to a number of factors, including but not limited to disruptions in real estate markets, increased vacancies or declining rents, increased property taxes and other operating costs, low demand or oversupply, the failure of borrowers to repay loans in a timely manner, changes in tax and regulatory requirements and changes in interest rates or rates of inflation. Mortgage REITs are particularly subject to interest rate risks.

REITs are dependent upon the quality of their management and may not be diversified geographically or by property type. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. REITs generally tend to be small- to mid-cap stocks and are subject to risks of investing in those securities, including limited financial resources and dependency on heavy cash flow. REITs must satisfy certain requirements in order to qualify for favorable tax treatment under applicable tax laws, and a failure to qualify could adversely affect the value of the REIT. By investing in REITs through the Fund, a shareholder will bear expenses of the REITs in addition to expenses of the Fund.