AGGAX — Invesco Global Growth Fund
Data updated: 2023-03-31
AGGAX — Invesco Global Growth Fund. China Growth Equity · $488.48M AUM · 1.23% expense ratio. Holdings, fees, performance and SEC filings.
AGGAX Fund Overview
AGGAX — Invesco Global Growth Fund is a US mutual fund managed by Aim International Mutual Funds (invesco International Mutual Funds), categorised as China Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim International Mutual Funds (invesco International Mutual Funds)
- Category: China Growth Equity
- Assets under management: $488.48M
- 1-year return: -18.3%
- Ticker: AGGAX
- SEC CIK: 0000880859
- SEC series ID: S000000229
- Share class ID: C000000548
AGGAX Investment Objective and Strategy
Invesco Global Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim International Mutual Funds (invesco International Mutual Funds).
Investment objective
The Fund’s investment objective is long-term growth of capital.
Principal investment strategy
The Fund invests primarily in equity securities and depositary receipts of domestic and foreign issuers. The principal types of equity securities in which the Fund invests are common and preferred stock. The Funds common stock investments also include China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange). Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three different countries, including the U.S. The Fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles. The Fund invests primarily in securities of issuers that are considered by the Funds portfolio managers to have potential for earnings or revenue growth.
The Fund invests primarily in the securities of large-capitalization issuers and may invest a significant amount of its net assets in the securities of mid-capitalization issuers. 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 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 portfolio managers strategy primarily focuses on identifying issuers that they believe have sustainable earnings growth, efficient capital allocation, and attractive prices. The Funds 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.
AGGAX Performance
Total returns for AGGAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -18.3% |
| 3 years (annualised) | -1.0% |
AGGAX Risk Information
Risk metrics for AGGAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 29.9%
AGGAX Costs and Fees
AGGAX costs about $123 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.23%
- Gross expense ratio: 1.23%
- Portfolio turnover: 51%
- Brokerage commissions: 6.61 bps of average net assets (SEC N-CEN)
AGGAX Cashflows
Over the 12 months to 2023-01, Invesco Global Growth Fund had net inflows of $103.08M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-01 | −$10.13M |
| 2022-12 | $170.94M |
| 2022-11 | −$6.91M |
| 2022-10 | −$5.07M |
| 2022-09 | −$4.54M |
| 2022-08 | −$4.17M |
AGGAX Debt Constituents
No individual debt constituents are reported in Invesco Global Growth Fund's latest SEC N-PORT filing.
AGGAX Prospectus and SEC Filings
Official Invesco Global Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-02-19
- Portfolio holdings (N-PORT) — filed 2023-03-31
- Portfolio holdings (N-PORT) — filed 2022-12-28
- Portfolio holdings (N-PORT) — filed 2022-09-27
- Annual census (N-CEN) — filed 2023-01-13
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other China Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.