Invesco Oppenheimer Mid Cap Value Fund

C000209351 Fund Overview

Invesco Oppenheimer Mid Cap Value Fund is a US mutual fund managed by Aim Growth Series (invesco Growth Series), categorised as Emerging Markets Mid 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 Growth Series (invesco Growth Series)
• Category: Emerging Markets Mid Cap Value Equity
• Assets under management: $1.03B
• SEC CIK: 0000202032
• SEC series ID: S000064653
• Share class ID: C000209351

C000209351 Investment Objective and Strategy

Invesco Oppenheimer Mid Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Growth Series (invesco Growth Series).

Investment objective

The Fund’s investment objective is to seek capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets, including any borrowings for investment purposes, in securities of mid 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 mid cap companies to be those having a market capitalization in the range of the Russell Midcap Value Index, a measure of the mid cap value market. The capitalization range of the 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 Midcap Value Index generally widens over time and is reconstituted annually to preserve its mid 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 may also invest in small cap companies, and up to 5% of its total assets in securities of unseasoned companies. The Fund primarily invests in U.S. companies but may also purchase securities of issuers in any country, including developing and emerging market countries. While the Fund has no limits on the percentage of its assets it can invest in foreign securities, normally it does not expect to invest substantial amounts of its assets in foreign securities and generally limits investments in emerging markets to not more than 5% of its total assets. The Fund emphasizes securities that the portfolio manager believes are undervalued. In selecting investments for the Fund, the portfolio manager looks for stocks of mid-cap companies that he believes 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 manager uses 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 manager also analyzes factors such as a companys book value, sales, earnings, growth potential and cash flows. After considering these criteria, the portfolio manager may also look at broader industry and economic trends that could affect the growth potential of particular mid-cap stocks.

The portfolio manager 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 manager believes 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.

C000209351 Costs and Fees

C000209351 costs about $140 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.40%
• Gross expense ratio: 1.46%
• Portfolio turnover: 129%
• Brokerage commissions: 18.61 bps of average net assets (SEC N-CEN)

C000209351 Cashflows

Over the 12 months to 2020-01, Invesco Oppenheimer Mid Cap Value Fund had net inflows of $39.94M, from monthly SEC N-PORT filings.

C000209351 Debt Constituents

No individual debt constituents are reported in Invesco Oppenheimer Mid Cap Value Fund's latest SEC N-PORT filing.

C000209351 Prospectus and SEC Filings

Official Invesco Oppenheimer Mid Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-02-19
• Prospectus (485BPOS) — filed 2019-06-14
• Prospectus (485BPOS) — filed 2019-02-13
• Portfolio holdings (N-PORT) — filed 2020-03-31
• Portfolio holdings (N-PORT) — filed 2019-12-30
• Annual census (N-CEN) — filed 2020-01-14

Related Funds

Other Emerging Markets Mid Cap Value Equity funds tracked on ABC INVEST:

• Pzena Emerging Markets Value Fund (PZVEX)
• Avantis Emerging Markets Value ETF (AVES)
• Asia Opportunity Portfolio (MSAQX)
• Matthews China Dividend Fund (MCDFX)
• WBI BullBear Value 2000 ETF (WBIB)

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.