Investment objective & strategy
As of Jan. 30, 2026 · prospectusObjective. This Fund seeks capital appreciation.
Strategy. Principal Investment Strategies The Fund invests primarily in common stocks of small-capitalization U.S. companies that the Funds subadviser, Invesco Advisers, Inc . (Invesco Advisers), believes have favorable business trends or prospects based on fundamental analysis. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of small-cap companies. Invesco Advisers currently considers small-cap companies to be those whose market capitalizations at the time of purchase are within the market capitalization range of companies included in the Russell 2000 Index (as of December 31, 2025, between $ 5.61 million and $31.15 billion ). The Fund typically invests most of its assets in equity securities of U.S. companies, … Principal Investment Strategies The Fund invests primarily in common stocks of small-capitalization U.S. companies that the Funds subadviser, Invesco Advisers, Inc . (Invesco Advisers), believes have favorable business trends or prospects based on fundamental analysis. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of small-cap companies. Invesco Advisers currently considers small-cap companies to be those whose market capitalizations at the time of purchase are within the market capitalization range of companies included in the Russell 2000 Index (as of December 31, 2025, between $ 5.61 million and $31.15 billion ). The Fund typically invests most of its assets in equity securities of U.S. companies, but may invest in foreign securities, including emerging market securities; however, it does not currently intend to invest substantially in foreign securities. The Fund generally will not invest more than 15% of its total assets in foreign securities. The Fund may invest in other types of securities such as real estate investment trusts (REITs) or other securities that are consistent with its investment objective. The Fund may at times have significant exposure to one or more industries or sectors. The Fund may hold a portion of its assets in cash or cash equivalents. Invesco Advisers uses fundamental research to select securities for the Funds portfolio. While the process may change over time or vary in particular cases, in general the selection process currently uses a fundamental approach in analyzing issuers on factors such as a companys financial performance, competitive strength and prospects, industry position, and business model and management strength. Industry outlook, market trends, and general economic conditions may also be considered. Invesco Advisers aims to maintain a broad diversification across all major economic sectors. In constructing the portfolio, Invesco Advisers seeks to limit exposure to so-called top-down or macro risks, such as overall stock market movements, economic cycles, and interest rate or currency fluctuations. Instead, Invesco Advisers seeks to add value by selecting individual securities that it believes have superior company-specific fundamental attributes or relative valuations that they expect to outperform their industry and sector peers. This is commonly referred to as a bottom-up approach to portfolio construction. Invesco Advisers considers stock rankings, benchmark weightings, and capitalization outlooks in determining security weightings for individual issuers. Invesco Advisers might sell a security if, for example, in its judgment, a stocks price is approaching its target, a companys competitive position deteriorates, a companys management is performing poorly, or more attractive alternative investment ideas have been identified.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FIXED INC CLEARING CORP.REPO | — | $12.77M | 2.50% |
| ENPRO INDUSTRIES INC | — | $10.71M | 2.10% |
| AMERICAN HEALTHCARE REIT INC | — | $9.44M | 1.85% |
| BRIGHTSPRING HEALTH SERVICES INC | — | $9.04M | 1.77% |
| HELMERICH & PAYN | — | $9.04M | 1.77% |
| KODIAK GAS SERVICES INC | — | $8.95M | 1.75% |
| COLUMBIA BANKING SYSTEMS INC | — | $8.91M | 1.74% |
| NORTHERN OIL AND GAS INC | — | $8.66M | 1.70% |
| WINTRUST FINL | — | $8.49M | 1.66% |
| OUTFRONT MEDIA INC | — | $8.33M | 1.63% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| MML VIP Invesco Small Cap Equity Fund | 97% | 0.71% |
| Invesco Main Street Small Cap Fund | 89% | 0.69% |
| Invesco V.I. Main Street Small Cap Fund | 85% | 0.86% |
Advisers
| Firm | Role |
|---|---|
| Invesco Advisers, Inc. | Sub-adviser |
| MML Investment Advisers, LLC | Adviser |
Footnotes
- Expense ratio as of January 31, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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