Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Funds investment objective is long-term growth of capital.
Strategy. The Fund invests primarily in equity securities of issuers of all market capitalizations that are considered by the Funds portfolio managers to have potential for earnings or revenue growth. The principal type of equity securities in which the Fund invests is common stock. The Fund currently focuses on larger capitalization issuers. The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund may invest up to 25% of its net assets in foreign securities, including up to 10% of its net assets in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund seeks to invest in companies with strong or improving fundamentals, attractive valuation relative … The Fund invests primarily in equity securities of issuers of all market capitalizations that are considered by the Funds portfolio managers to have potential for earnings or revenue growth. The principal type of equity securities in which the Fund invests is common stock. The Fund currently focuses on larger capitalization issuers. The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund may invest up to 25% of its net assets in foreign securities, including up to 10% of its net assets in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earnings expectations that appear fair to conservative. The Funds portfolio managers focus on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that they believe are not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Funds portfolio managers use a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis. The portfolio managers closely examine company fundamentals, including detailed modeling of a companys financial statements and discussions with company management teams, suppliers, distributors, competitors and customers, and use a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that reflect a companys value. The portfolio managers consider selling a security when a company is deemed to be overvalued, if fundamental business prospects deteriorate, the catalysts for growth are no longer present or reflected in the stock price, or a company otherwise no longer meets the criteria and factors discussed above. The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $466.42M | 13.31% |
| ALPHABET INC CL C | — | $277.20M | 7.91% |
| AMAZON.COM INC | — | $258.42M | 7.37% |
| MICROSOFT CORP | — | $222.32M | 6.34% |
| BROADCOM INC | — | $186.06M | 5.31% |
| META PLATFORMS INC CL A | — | $179.35M | 5.12% |
| APPLE INC | — | $149.87M | 4.28% |
| TESLA INC | — | $117.72M | 3.36% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $94.92M | 2.71% |
| APPLOVIN CORP | — | $85.67M | 2.44% |
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 American Franchise Fund · VAFAX, VAFCX, VAFIX, VAFRX, VAFNX, VAFFX | 64% | 0.61% |
| Franklin Focused Growth ETF | 60% | 0.55% |
| Invesco Discovery Large Cap Fund | 59% | 0.63% |
Advisers
| Firm | Role |
|---|---|
| Invesco Advisers, Inc. | 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 |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 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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