Invesco Oppenheimer Small Cap Value Fund
Data updated: 2020-03-31
C000209129 — Invesco Oppenheimer Small Cap Value Fund. United States Small Cap Value Equity · $31.94M AUM. Holdings, fees, performance and SEC filings.
C000209129 Fund Overview
Invesco Oppenheimer Small Cap Value Fund is a US mutual fund managed by Aim Sector Funds (invesco Sector Funds), categorised as United States Small Cap Value 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: United States Small Cap Value Equity
- Assets under management: $31.94M
- SEC CIK: 0000725781
- SEC series ID: S000064610
- Share class ID: C000209129
C000209129 Investment Objective and Strategy
Invesco Oppenheimer Small Cap Value 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 to seek capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its net assets, including any borrowings for investment purposes, in securities of small-cap companies, and in derivatives and other instruments that have economic characteristics similar to such securities. A companys market capitalization is the value of its outstanding common stock. The Fund considers small-cap companies to be those having a market capitalization in the range of the Russell 2000 Value Index. The capitalization range of that index is subject to change at any time due to market activity or changes in the composition of the index. The range of the Russell 2000 Value Index generally widens over time and it is reconstituted annually to preserve its market cap characteristics. The Fund measures a companys capitalization at the time the Fund buys a security and is not required to sell a security if the companys capitalization moves outside of the Funds capitalization definition.
The Fund primarily invests in U.S. companies. The Fund emphasizes securities that the portfolio managers believe are undervalued. In selecting investments for the Fund, the portfolio managers look for stocks of small-cap companies that they believe have been undervalued by the market. A security may be undervalued because the market is not aware of the issuers intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The portfolio managers use a bottom up approach to select securities one at a time before considering industry trends. Those companies may have a low ratio of their stock price to earnings, for example.
The portfolio managers also analyze factors such as a companys book value, sales, earnings, growth potential and cash flows. After considering these criteria, the portfolio managers may also look at broader industry and economic trends that could affect the growth potential of particular small-cap stocks. The portfolio managers currently focuses on companies with the following characteristics, which may vary in particular cases and may change over time: Favorable supply/demand conditions for key products Development of new products or businesses Quality of management Competitive position in the marketplace Effective allocation of capital The Fund may sell securities that the portfolio managers believe no longer meet the above criteria, but is not required to do so. In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund engages in active and frequent trading of portfolio securities.
C000209129 Costs and Fees
C000209129 costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 1.29%
- Portfolio turnover: 107%
C000209129 Cashflows
Over the 12 months to 2020-01, Invesco Oppenheimer Small Cap Value Fund had net outflows of $453.17K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | −$239.27K |
| 2019-12 | $229.42K |
| 2019-11 | $288.04K |
| 2019-10 | −$675.68K |
| 2019-09 | −$39.21K |
| 2019-08 | −$16.47K |
C000209129 Debt Constituents
No individual debt constituents are reported in Invesco Oppenheimer Small Cap Value Fund's latest SEC N-PORT filing.
C000209129 Prospectus and SEC Filings
Official Invesco Oppenheimer Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Small Cap Value 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.