Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Funds investment objective is to seek capital appreciation.
Strategy. The Fund seeks to achieve its investment objective by investing mainly in a broad range of international equity securities and other types of investments, including derivatives. Invesco Advisers, Inc.s (Invesco or the Adviser) Global Asset Allocation (GAA) Team evaluates market conditions regularly to determine investments for the portfolio that the team expects to perform well based on an evaluation of the market environment. As part of its evaluation and security selection process, the GAA Team considers, among other things, certain factors such as earnings quality and profitability, price momentum, valuation metrics, market capitalization and historical volatility. The GAA Team may also invest in the securities comprising one or more factor indices when determining the Funds exposure to a particular factor. … The Fund seeks to achieve its investment objective by investing mainly in a broad range of international equity securities and other types of investments, including derivatives. Invesco Advisers, Inc.s (Invesco or the Adviser) Global Asset Allocation (GAA) Team evaluates market conditions regularly to determine investments for the portfolio that the team expects to perform well based on an evaluation of the market environment. As part of its evaluation and security selection process, the GAA Team considers, among other things, certain factors such as earnings quality and profitability, price momentum, valuation metrics, market capitalization and historical volatility. The GAA Team may also invest in the securities comprising one or more factor indices when determining the Funds exposure to a particular factor. The Fund may invest without limit in all types of equity securities, including common stock, depositary receipts, and other securities or instruments whose prices are linked to the value of common stock. There are no restrictions on where the Fund may invest geographically or on the amount of the Funds assets that can be invested in foreign securities, including with respect to securities of issuers in developing and emerging markets (i.e., those that are generally in the early stages of their industrial cycles). Under normal market conditions, the Fund will invest in securities of issuers located in different countries throughout the world. The Fund normally invests in securities of issuers located in at least three countries outside the United States. The Fund may invest in securities denominated in U.S. dollars or local foreign currencies. The Fund does not limit its investments to issuers in a particular market capitalization range and at times may invest a substantial portion of its assets in one or more particular market capitalization ranges. The Fund may, from time to time, invest a substantial portion of its assets in a particular industry or sector. The Fund may also invest in the securities of other investment companies, including exchange-traded funds (ETFs), subject to any limitations imposed by the Investment Company Act of 1940, as amended (1940 Act), or any rules thereunder, in order to obtain exposure to the asset classes, investment strategies and types of securities it seeks to invest in. These may include investment companies that are sponsored and/or advised by the Adviser or an affiliate, as well as non-affiliated investment companies. The Fund may use leverage through the use of derivatives, borrowing and other leveraging strategies in an attempt to enhance the Funds returns. Leverage occurs when the investments in derivatives create greater economic exposure than the amount invested. Using derivatives often allows the portfolio managers to implement their views more efficiently and to gain more exposure to an asset class than investing in more traditional assets such as stocks would allow. The Fund may gain exposure to equity investments through listed and over-the-counter options. The Fund may also use derivatives to seek income or capital gain, to hedge market risks or hedge against the risks of other investments, to hedge foreign currency exposure, or as a substitute for direct investment in a particular asset class, investment strategy or security type. The Funds use of derivatives may involve the purchase and sale of swaps (including equity index swaps), futures (including equity index futures and commodity futures listed on U.S. and foreign futures exchanges), options (including writing (selling) put and call options on equities, equity indices and ETFs), forward foreign currency contracts and other related instruments and techniques. The Fund can take long positions in investments that are believed to be undervalued and short positions in investments that are believed to be overvalued or which are established for hedging purposes, including long and short positions in equities and equity-sensitive convertibles, derivatives or other types of securities. The Funds use of derivatives and the leveraged investment exposure created by the use of derivatives are expected to be significant. The Funds overall long or short positioning can vary based on market and economic conditions, and the Fund may take both long and short positions simultaneously. The Fund can seek to take advantage of arbitrage opportunities in equity, debt, currency and currency prices and market volatility. The Fund may hold significant levels of cash and cash equivalent instruments, including affiliated money market funds, as margin or collateral for the Funds obligations under derivatives transactions. The Funds portfolio managers may consider selling a security or other investment, or taking an off-setting long position, (1) for risk control purposes, (2) when its income or potential for return deteriorates or (3) when it otherwise no longer meets Invescos investment selection criteria. In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Invesco Treasury Portfolio, Institutional Class | — | $8.69M | 12.30% |
| Invesco Government & Agency Portfolio, Institutional Class | — | $4.68M | 6.62% |
| SAMSUNG ELECTRON | — | $1.61M | 2.28% |
| BNP PARIBAS | — | $1.42M | 2.01% |
| Shell PLC ORD EUR0.07 | SHELL NA | $1.35M | 1.91% |
| NOVARTIS AG-REG | — | $1.22M | 1.73% |
| HSBC Holdings PLC ORD USD0.50 | HBCYF | $1.15M | 1.63% |
| BABA-W | — | $1.09M | 1.54% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $963.91K | 1.36% |
| NOVO NORDISK-B | — | $871.98K | 1.23% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| Invesco MSCI EAFE Income Advantage ETF | 33% | 0.39% |
| iShares MSCI EAFE ETF · EFA | 28% | 0.32% |
| JPMorgan BetaBuilders International Equity ETF · BBIN | 28% | 0.07% |
Advisers
| Firm | Role |
|---|---|
| Invesco Advisers, Inc. | Adviser |
| Invesco Capital Management LLC | Sub-adviser |
| Invesco Senior Secured Management, Inc. | Sub-adviser |
| Invesco Asset Management (Japan) Ltd. | Sub-adviser |
| Invesco Hong Kong Ltd. | Sub-adviser |
| Invesco Asset Management Ltd. | Sub-adviser |
| Invesco Canada Ltd. | Sub-adviser |
| Invesco Management S.A. | Sub-adviser |
| OppenheimerFunds, Inc. | Sub-adviser |
Footnotes
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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