Invesco Technology Sector Fund

C000084520 Fund Overview

Invesco Technology Sector Fund is a US mutual fund managed by Aim Sector Funds (invesco Sector Funds), categorised as Emerging Markets Growth Information Technology 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 Sector Funds (invesco Sector Funds)
• Category: Emerging Markets Growth Information Technology Equity
• Assets under management: $102.80M
• SEC CIK: 0000725781
• SEC series ID: S000027843
• Share class ID: C000084520

C000084520 Investment Objective and Strategy

Invesco Technology Sector Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Sector Funds (invesco Sector Funds).

Investment objective

The Fund’s investment objective is long-term growth of capital.

Principal investment strategy

The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of issuers considered by Invesco Advisers, Inc. (Invesco or the Adviser), the Funds investment adviser, to rely extensively on technology, science and communications in their product development or operations at the time of investment, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in equity securities. The principal type of equity security in which the Fund invests is common stock. The Fund invests primarily in securities that are considered by the Funds portfolio managers to have potential for earnings or revenue growth. The Fund considers an issuer to rely extensively on technology, science and communications if it meets at least one of the following tests: (1) at least 50% of its gross income or its net sales come from activities in technology-related industries; (2) at least 50% of its total assets are devoted to producing revenues in technology-related industries; or (3) based on other available information, the Funds portfolio managers determine that its primary business is within technology-related industries.

Issuers in technology-related industries include, but are not limited to, those involved in the design, manufacture, distribution, licensing, or provision of various applied technologies, hardware, software, semiconductors, telecommunications equipment and telecommunications/media distribution services, medical technology, biotechnology, as well as service-related companies in the information technology industry. While the portfolio managers may invest in securities of issuers of any market capitalization, they tend to favor the securities of mid- and large-capitalization issuers. The Fund may invest up to 50% of its net assets in securities of foreign issuers, which may include securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles.

The Fund may invest in depositary receipts or local shares to gain exposure to foreign companies. The Fund can invest in derivative instruments including options and futures contracts. The Fund can use options, including call options, for hedging and investment purposes. The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and as a hedge against downside risk. The Adviser uses a bottom-up stock selection process designed to seek alpha (return on investments in excess of the NASDAQ Composite Index), as well as a disciplined portfolio construction process designed to manage risk. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis.

The Adviser then closely examines company fundamentals, including detailed modeling of all of a companys financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses 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 best reflect a companys value. The Adviser 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 portfolio managers will consider selling the security of an issuer if, among other things: (1) a securitys price reaches its valuation target; (2) an issuers fundamentals deteriorate; (3) the catalysts for growth are no longer present or reflected in the securitys price; or (4) a more attractive investment opportunity is identified.

C000084520 Costs and Fees

C000084520 costs about $203 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.03%
• Gross expense ratio: 2.03%
• Portfolio turnover: 44%
• Brokerage commissions: 3.95 bps of average net assets (SEC N-CEN)

C000084520 Cashflows

Over the 12 months to 2020-01, Invesco Technology Sector Fund had net inflows of $4.39M, from monthly SEC N-PORT filings.

C000084520 Debt Constituents

No individual debt constituents are reported in Invesco Technology Sector Fund's latest SEC N-PORT filing.

C000084520 Prospectus and SEC Filings

Official Invesco Technology Sector Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-06
• Prospectus (485BPOS) — filed 2018-09-05
• Prospectus (485BPOS) — filed 2017-09-05
• Portfolio holdings (N-PORT) — filed 2020-03-31
• Portfolio holdings (N-PORT) — filed 2019-12-30
• Annual census (N-CEN) — filed 2019-07-12

Related Funds

Other Emerging Markets Growth Information Technology Equity funds tracked on ABC INVEST:

• INQQ The India Internet ETF (INQQ)
• KraneShares CICC China 5G and Semiconductor Index ETF (KFVG)
• Emerging Markets Semiconductor ETF (ECHP)

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.