INVESCO Small Cap Equity Fund
Fund
SMEAX
Price as of:
$16.62
- $0.08
- 0.48%
Primary Theme
fund company
Name
As of 06/01/2026Price
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
15.4%
1 yr return
25.9%
3 Yr Avg Return
17.4%
5 Yr Avg Return
6.8%
Net Assets
$1.14 B
Holdings in Top 10
32.4%
52 WEEK LOW AND HIGH
$16.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
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
SMEAX - Profile
Distributions
- YTD Total Return 15.4%
- 3 Yr Annualized Total Return 17.4%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO Small Cap Equity Fund
-
Fund Family NameINVESCOFDS
-
Inception DateAug 31, 2000
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJuan Hartsfield
Fund Description
div style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization issuers. The principal type of equity securities in which the Fund invests is common stock./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div div style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt"The Fund considers /spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt"a small-capitalization issuer to be one that has a market capitalization no larger than the market capitalization of the largest capitalized issuer included in the Russell 2000/spanspan style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt"®/spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt" Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. An issuer’s “market capitalization” is the value of its outstanding stock./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div div style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt"The Fund may invest up to 15% of its net assets in real estate /spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt"investment trusts (REITs)./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div div style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt"The Fund may also invest up to 25% of its net assets in foreign /spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt"securities./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div div style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt"In selecting investments, the portfolio managers utilize a disciplined /spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt"portfolio construction process that calibrates the Fund’s sector-related exposure relative to the Russell 2000/spanspan style="color:#000000; font-family:Arial Narrow; font-size:6.5pt; position:relative; top:-4.25pt"®/spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt" Index, which the portfolio managers believe generally represents the small-cap core asset class. The Fund uses this index as a guide in structuring and reviewing the portfolio, but the Fund is not an index fund that seeks to replicate the performance of the index. The security selection process is based on a three-step process that includes fundamental, valuation and timeliness analysis./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/divdiv style="clear:both; position:relative; width:100%" div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"■ /span/div div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"Fundamental analysis involves building a series of financial models, as well as conducting in-depth interviews with management. The goal is to find high quality, fundamentally sound issuers operating in an attractive industry./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div/div div style="clear:both; position:relative" /divdiv style="clear:both; position:relative; width:100%" div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"■ /span/div div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"Valuation analysis focuses on identifying attractively valued securities given their growth potential over a one- to two-year horizon./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div/div div style="clear:both; position:relative" /divdiv style="clear:both; position:relative; width:100%" div style="float:left; line-height:11.0pt; margin-left:15pt; text-align:left; width:7.95pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"■ /span/div div style="float:left; line-height:11.0pt; margin-left:0.05pt; text-align:left; width:242.00pt"span style="color:#000000; font-family:Arial Narrow; font-size:10pt"Timeliness analysis is used to help identify the “timeliness” of a purchase. In this step, relative price strength, trading volume characteristics, and trend analysis are reviewed for signs of deterioration. If a security shows signs of deterioration, it will not be considered as a candidate for the portfolio./spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt; line-height:11pt" /span/div/div div style="clear:both; position:relative" /divdiv style="line-height:11.0pt; text-align:left"span style="color:#000000; font-family:Arial Narrow; font-size:10pt; margin-left:15pt"The portfolio managers consider selling a security if the investment /spanspan style="color:#000000; font-family:Arial Narrow; font-size:10pt"thesis for owning the security is no longer valid, the stock reaches its price target or timeliness factors indicate that the risk/return characteristics of the stock as viewed in the market are no longer attractive./span/div
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SMEAX - Performance
Return Ranking - Trailing
| Period | SMEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.4% | -2.9% | 36.4% | 44.97% |
| 1 Yr | 25.9% | -3.5% | 70.4% | 72.69% |
| 3 Yr | 17.4%* | 0.0% | 26.0% | 34.91% |
| 5 Yr | 6.8%* | -5.7% | 28.4% | 43.42% |
| 10 Yr | 10.0%* | 2.2% | 15.5% | 58.17% |
* Annualized
Return Ranking - Calendar
| Period | SMEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -1.4% | -59.8% | 21.0% | 63.73% |
| 2024 | 9.4% | -45.8% | 22.7% | 21.52% |
| 2023 | 15.5% | -19.9% | 29.0% | 35.88% |
| 2022 | -22.9% | -59.3% | 118.2% | 74.27% |
| 2021 | 0.1% | -27.4% | 39.3% | 83.61% |
Total Return Ranking - Trailing
| Period | SMEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.4% | -2.9% | 36.4% | 44.97% |
| 1 Yr | 25.9% | -3.5% | 70.4% | 72.69% |
| 3 Yr | 17.4%* | 0.0% | 26.0% | 34.91% |
| 5 Yr | 6.8%* | -5.7% | 28.4% | 43.42% |
| 10 Yr | 10.0%* | 2.2% | 15.5% | 58.17% |
* Annualized
Total Return Ranking - Calendar
| Period | SMEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 7.8% | -7.3% | 22.4% | 58.61% |
| 2024 | 17.8% | -14.7% | 32.4% | 10.25% |
| 2023 | 16.0% | -7.1% | 31.8% | 58.97% |
| 2022 | -20.6% | -45.2% | 123.7% | 87.14% |
| 2021 | 20.0% | 0.0% | 45.6% | 69.96% |
NAV & Total Return History
SMEAX - Holdings
Concentration Analysis
| SMEAX | Category Low | Category High | SMEAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.14 B | 825 K | 177 B | 35.45% |
| Number of Holdings | 87 | 2 | 2429 | 75.41% |
| Net Assets in Top 10 | 329 M | 164 K | 14 B | 23.77% |
| Weighting of Top 10 | 32.40% | 3.9% | 110.2% | 11.52% |
Top 10 Holdings
- Invesco Private Prime Fund 9.43%
- Invesco Private Government Fund 3.36%
- MACOM Technology Solutions Holdings, Inc. 2.96%
- BrightSpring Health Services, Inc. 2.76%
- MKS Inc. 2.63%
- Advanced Energy Industries, Inc. 2.46%
- Viavi Solutions Inc. 2.32%
- ITT Inc. 2.23%
- XPO, Inc. 2.23%
- Sanmina Corp. 2.03%
Asset Allocation
| Weighting | Return Low | Return High | SMEAX % Rank | |
|---|---|---|---|---|
| Stocks | 96.98% | 4.13% | 107.43% | 76.02% |
| Cash | 15.81% | 0.00% | 41.75% | 2.66% |
| Preferred Stocks | 0.00% | 0.00% | 2.27% | 31.97% |
| Other | 0.00% | -0.09% | 55.42% | 53.69% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 31.62% |
| Bonds | 0.00% | 0.00% | 148.81% | 37.91% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SMEAX % Rank | |
|---|---|---|---|---|
| Industrials | 18.56% | 8.23% | 37.42% | 30.91% |
| Financial Services | 18.12% | 0.00% | 34.45% | 21.58% |
| Technology | 15.13% | 0.00% | 43.95% | 33.82% |
| Healthcare | 14.51% | 0.00% | 26.53% | 41.70% |
| Consumer Cyclical | 12.23% | 0.99% | 47.79% | 29.67% |
| Basic Materials | 9.33% | 0.00% | 16.91% | 5.39% |
| Real Estate | 5.00% | 0.00% | 29.43% | 74.69% |
| Energy | 3.77% | 0.00% | 37.72% | 79.88% |
| Consumer Defense | 1.37% | 0.00% | 18.87% | 94.61% |
| Utilities | 1.06% | 0.00% | 18.58% | 82.16% |
| Communication Services | 0.92% | 0.00% | 14.85% | 88.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SMEAX % Rank | |
|---|---|---|---|---|
| US | 96.20% | 0.00% | 107.43% | 75.61% |
| Non US | 0.78% | 0.00% | 98.75% | 10.45% |
SMEAX - Expenses
Operational Fees
| SMEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.22% | 0.02% | 18.26% | 32.37% |
| Management Fee | 0.73% | 0.00% | 1.25% | 51.44% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 39.64% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| SMEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.50% | 5.75% | 55.17% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SMEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| SMEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 1.00% | 314.00% | 17.31% |
SMEAX - Distributions
Dividend Yield Analysis
| SMEAX | Category Low | Category High | SMEAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.47% | 87.70% |
Dividend Distribution Analysis
| SMEAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| SMEAX | Category Low | Category High | SMEAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.22% | -2.40% | 2.49% | 78.42% |
Capital Gain Distribution Analysis
| SMEAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2025 | $1.345 | CapitalGainLongTerm |
| Dec 16, 2024 | $1.182 | CapitalGainLongTerm |
| Dec 15, 2023 | $0.054 | CapitalGainLongTerm |
| Dec 16, 2022 | $0.341 | OrdinaryDividend |
| Dec 16, 2021 | $2.850 | OrdinaryDividend |
| Dec 11, 2020 | $0.902 | OrdinaryDividend |
| Dec 13, 2019 | $0.068 | CapitalGainShortTerm |
| Dec 13, 2019 | $1.329 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.077 | CapitalGainShortTerm |
| Dec 14, 2018 | $1.969 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.076 | CapitalGainShortTerm |
| Dec 13, 2017 | $0.750 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.767 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.016 | CapitalGainShortTerm |
| Dec 12, 2014 | $2.114 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.041 | CapitalGainShortTerm |
| Dec 13, 2013 | $1.007 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.582 | CapitalGainLongTerm |
| Dec 12, 2008 | $0.033 | CapitalGainShortTerm |
| Dec 12, 2008 | $0.084 | CapitalGainLongTerm |
| Dec 14, 2007 | $0.214 | CapitalGainShortTerm |
| Dec 14, 2007 | $0.898 | CapitalGainLongTerm |
| Dec 15, 2006 | $0.227 | CapitalGainShortTerm |
| Dec 15, 2006 | $0.188 | CapitalGainLongTerm |
| Dec 16, 2005 | $0.186 | CapitalGainShortTerm |
| Dec 16, 2005 | $1.210 | CapitalGainLongTerm |
| Dec 17, 2004 | $0.362 | CapitalGainLongTerm |
| Dec 14, 2001 | $0.005 | OrdinaryDividend |
SMEAX - Fund Manager Analysis
Managers
Juan Hartsfield
Start Date
Tenure
Tenure Rank
May 01, 2006
16.09
16.1%
Juan Hartsfield is a portfolio manager for Invesco small-cap core and small-cap growth products, as well as the Invesco leisure products. Prior to joining Invesco in 2004, Mr. Hartsfield was a portfolio manager with JPMorgan Fleming Asset Mgmt. on various small-cap portfolios. Prior to joining JPMorgan, Mr. Hartsfield served as an associate with Booz Allen & Hamilton. Mr. Hartsfield earned a Bachelor of Science degree in petroleum engineering from The University of Texas at Austin and a Master of Business Administration degree from the University of Michigan. He is a CFA charterholder.
Davis Paddock
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Davis Paddock is a Portfolio Manager for Invesco Small Cap Equity Fund. Mr. Paddock has covered the Industrials and Basic Materials sectors for the Invesco Small Cap Team since 2005. Prior to joining Invesco in 2001, he was an investment banking financial analyst for Merrill Lynch & Co. He also worked for Ocean Energy Inc. as a member of its corporate finance and investor relations department. He entered the industry in 1994. Mr. Paddock earned both his BA degree and MBA from The University of Texas at Austin. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.09 | 0.54 |