Invesco EQV International Small Company Fund
Fund
IEGAX
Price as of:
$21.41
- $0.01
- 0.05%
Primary Theme
fund company
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.3%
1 yr return
19.9%
3 Yr Avg Return
2.7%
5 Yr Avg Return
9.4%
Net Assets
$514 M
Holdings in Top 10
23.2%
52 WEEK LOW AND HIGH
$21.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.74%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
IEGAX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 9.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.21%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco EQV International Small Company Fund
-
Fund Family NameINVESCOFDS
-
Inception DateAug 31, 2000
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShuxin (Steve) Cao
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization issuers, and in derivatives and other instruments that have economic characteristics similar to such securities.
The Fund invests primarily in equity securities and depositary receipts of foreign issuers. The principal types of equity securities in which the Fund invests are common and preferred stock. The Fund’s common stock investments may also include China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange).
The Fund considers a small-capitalization issuer to be one that has a market capitalization, at the time of purchase, no larger than the market capitalization of the largest capitalized issuer included in the Russell 2000®Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. A company’s “market capitalization” is the value of its outstanding stock.
Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three different countries outside of the U.S. The Fund may also invest up to 40% of its net assets in securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles.
The Fund invests primarily in securities of issuers that are considered by the Fund’s portfolio managers to have potential for earnings or revenue growth.
The Fund can invest in derivative instruments, including forward foreign currency contracts and futures contracts.
The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated; though the Fund has not historically used these instruments.
The Fund can use futures contracts to gain exposure to the broad market in connection with managing cash balances or to hedge against downside risk.
The portfolio managers’ strategy primarily focuses on identifying issuers that they believe have a strong “EQV” profile. The portfolio managers’ EQV investment approach focuses on Earnings, demonstrated by sustainable earnings growth; Quality, demonstrated by efficient capital allocation; and Valuation, demonstrated by attractive prices.
The portfolio managers employ a disciplined investment strategy that emphasizes fundamental research. The fundamental research primarily focuses on identifying quality growth companies and is supported by quantitative analysis, portfolio construction and risk management. Investments for the portfolio are selected bottom-up on a security-by-security basis. The focus is on the strengths of individual issuers, rather than sector or country trends.
The Fund’s portfolio managers may consider selling a security for several reasons, including when (1) its price changes such that they believe it has become too expensive, (2) the original investment thesis for the company is no longer valid, or (3) a more compelling investment opportunity is identified.
IEGAX - Performance
Return Ranking - Trailing
| Period | IEGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | 3.9% | 15.6% | 92.68% |
| 1 Yr | 19.9% | 18.7% | 32.6% | 53.66% |
| 3 Yr | 2.7%* | -5.6% | 6.4% | 10.00% |
| 5 Yr | 9.4%* | 3.8% | 10.2% | 6.58% |
| 10 Yr | 4.9%* | 3.9% | 7.7% | 89.13% |
* Annualized
Return Ranking - Calendar
| Period | IEGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.5% | 1.1% | 25.3% | 65.85% |
| 2022 | -13.9% | -35.4% | -13.9% | 1.25% |
| 2021 | 13.4% | -5.3% | 14.4% | 3.90% |
| 2020 | 8.9% | 3.1% | 17.0% | 55.84% |
| 2019 | 13.2% | 13.1% | 25.4% | 94.29% |
Total Return Ranking - Trailing
| Period | IEGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | 3.9% | 15.6% | 92.68% |
| 1 Yr | 19.9% | 18.7% | 32.6% | 53.66% |
| 3 Yr | 2.7%* | -5.6% | 6.4% | 10.00% |
| 5 Yr | 9.4%* | 3.8% | 10.2% | 6.58% |
| 10 Yr | 4.9%* | 3.9% | 7.7% | 89.13% |
* Annualized
Total Return Ranking - Calendar
| Period | IEGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.1% | 2.5% | 25.8% | 62.20% |
| 2022 | -11.3% | -35.4% | -10.9% | 5.00% |
| 2021 | 18.4% | 7.7% | 18.9% | 5.19% |
| 2020 | 10.2% | 3.5% | 18.1% | 55.84% |
| 2019 | 18.3% | 17.4% | 32.7% | 97.14% |
NAV & Total Return History
IEGAX - Holdings
Concentration Analysis
| IEGAX | Category Low | Category High | IEGAX % Rank | |
|---|---|---|---|---|
| Net Assets | 514 M | 5.84 M | 12.8 B | 50.00% |
| Number of Holdings | 77 | 2 | 4796 | 85.37% |
| Net Assets in Top 10 | 110 M | 1.63 M | 12.6 B | 37.80% |
| Weighting of Top 10 | 23.23% | 5.7% | 102.9% | 26.83% |
Top 10 Holdings
- Invesco Private Prime Fund 2.75%
- Renew Holdings PLC 2.69%
- IG Group Holdings PLC 2.50%
- ME Group International PLC 2.30%
- CTS Eventim AG Co. KGaA 2.28%
- DCC PLC 2.27%
- E-L Financial Corp. Ltd. 2.21%
- PT Mitra Keluarga Karyasehat Tbk 2.12%
- flatexDEGIRO AG 2.11%
- Zuken Inc. 2.00%
Asset Allocation
| Weighting | Return Low | Return High | IEGAX % Rank | |
|---|---|---|---|---|
| Stocks | 94.89% | 91.19% | 102.39% | 76.83% |
| Cash | 8.41% | 0.00% | 8.90% | 6.10% |
| Preferred Stocks | 0.00% | 0.00% | 3.79% | 41.46% |
| Other | 0.00% | -2.44% | 48.01% | 69.51% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 7.41% |
| Bonds | 0.00% | 0.00% | 0.49% | 14.63% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IEGAX % Rank | |
|---|---|---|---|---|
| Industrials | 28.12% | 12.46% | 32.63% | 6.17% |
| Financial Services | 17.97% | 2.16% | 21.69% | 7.41% |
| Energy | 12.34% | 0.00% | 12.34% | 3.70% |
| Technology | 10.78% | 9.14% | 22.43% | 81.48% |
| Consumer Cyclical | 9.23% | 9.23% | 27.42% | 97.53% |
| Healthcare | 8.04% | 0.00% | 18.67% | 17.28% |
| Real Estate | 6.50% | 0.00% | 12.22% | 65.43% |
| Consumer Defense | 5.31% | 2.29% | 12.17% | 55.56% |
| Communication Services | 1.69% | 1.47% | 8.56% | 92.59% |
| Basic Materials | 0.02% | 0.02% | 13.14% | 97.53% |
| Utilities | 0.00% | 0.00% | 4.57% | 87.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IEGAX % Rank | |
|---|---|---|---|---|
| Non US | 91.20% | 0.00% | 99.21% | 85.37% |
| US | 3.70% | 0.02% | 102.39% | 20.73% |
IEGAX - Expenses
Operational Fees
| IEGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.74% | 0.08% | 7.36% | 19.51% |
| Management Fee | 0.93% | 0.05% | 1.03% | 63.41% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.77% |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| IEGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 0.00% | 5.75% | 66.67% |
| Deferred Load | N/A | 0.00% | 1.00% | N/A |
Trading Fees
| IEGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| IEGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 6.00% | 1.00% | 185.00% | 6.58% |
IEGAX - Distributions
Dividend Yield Analysis
| IEGAX | Category Low | Category High | IEGAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.03% | 0.00% | 3.84% | 32.93% |
Dividend Distribution Analysis
| IEGAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| IEGAX | Category Low | Category High | IEGAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.21% | 0.03% | 2.41% | 40.74% |
Capital Gain Distribution Analysis
| IEGAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.436 | OrdinaryDividend |
| Dec 15, 2023 | $0.019 | CapitalGainShortTerm |
| Dec 15, 2023 | $0.004 | CapitalGainLongTerm |
| Dec 16, 2022 | $0.543 | OrdinaryDividend |
| Dec 16, 2021 | $0.893 | OrdinaryDividend |
| Dec 15, 2020 | $0.207 | OrdinaryDividend |
| Dec 13, 2019 | $0.402 | OrdinaryDividend |
| Dec 13, 2019 | $0.006 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.371 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.026 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.220 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.339 | OrdinaryDividend |
| Dec 13, 2017 | $0.702 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.520 | OrdinaryDividend |
| Dec 13, 2016 | $0.971 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.369 | OrdinaryDividend |
| Dec 12, 2014 | $0.215 | CapitalGainShortTerm |
| Dec 12, 2014 | $1.330 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.277 | OrdinaryDividend |
| Dec 13, 2013 | $1.091 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.307 | OrdinaryDividend |
| Dec 07, 2012 | $0.043 | OrdinaryDividend |
| Dec 09, 2011 | $0.242 | OrdinaryDividend |
| Dec 10, 2010 | $0.147 | OrdinaryDividend |
| Dec 11, 2009 | $0.167 | OrdinaryDividend |
| Dec 12, 2008 | $0.017 | CapitalGainShortTerm |
| Dec 12, 2008 | $0.675 | CapitalGainLongTerm |
| Dec 12, 2008 | $0.339 | OrdinaryDividend |
| Dec 14, 2007 | $0.751 | CapitalGainShortTerm |
| Dec 14, 2007 | $4.660 | CapitalGainLongTerm |
| Dec 14, 2007 | $0.378 | OrdinaryDividend |
| Dec 15, 2006 | $0.934 | CapitalGainShortTerm |
| Dec 15, 2006 | $2.998 | CapitalGainLongTerm |
| Dec 15, 2006 | $0.233 | OrdinaryDividend |
| Dec 16, 2005 | $0.045 | CapitalGainShortTerm |
| Dec 16, 2005 | $0.749 | CapitalGainLongTerm |
| Dec 16, 2005 | $0.052 | OrdinaryDividend |
| Dec 17, 2004 | $0.068 | CapitalGainShortTerm |
| Dec 17, 2004 | $0.157 | CapitalGainLongTerm |
| Dec 17, 2004 | $0.004 | OrdinaryDividend |
| Dec 12, 2003 | $0.019 | OrdinaryDividend |
| Dec 14, 2001 | $0.034 | OrdinaryDividend |
IEGAX - Fund Manager Analysis
Managers
Shuxin (Steve) Cao
Start Date
Tenure
Tenure Rank
Aug 31, 2000
21.76
21.8%
Steve Cao is a senior portfolio manager for Invesco international/global growth strategies. He began his investment career in 1993 as an international equity analyst specializing in Asian securities at Boatmen’s Trust Co. In 1997, he joined Invesco and continued as an international equity analyst with a focus on Asia and Latin America until assuming his present duties in 1999. A native of Tianjin, China, Mr. Cao earned a Bachelor of Arts degree in English from the Tianjin Foreign Language Institute and a MBA from Texas A&M University. He is a CPA and a CFA.
Borge Endresen
Start Date
Tenure
Tenure Rank
May 01, 2002
20.1
20.1%
Borge Endresen joined Invesco in 1999. He was promoted to portfolio manager for international growth and emerging markets strategies in 2002. He was previously an associate financial consultant with Merrill Lynch. Borge Endresen started in the industry in 1995. A native of Stavanger, Norway, Mr. Endresen graduated summa cum laude from the University of Oregon with a Bachelor of Science degree in finance. He earned a Master of Business Administration degree from The University of Texas at Austin. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 21.76 | 7.63 | 18.43 |