GMAGX — Invesco Advantage International Fund
Data updated: 2026-06-26
GMAGX — Invesco Advantage International Fund. Holdings, fees, performance and SEC filings.
GMAGX Fund Overview
GMAGX — Invesco Advantage International Fund is a US mutual fund managed by Aim International Mutual Funds (invesco International Mutual Funds), categorised as Developed ex-US Large Cap Blend / Core 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 International Mutual Funds (invesco International Mutual Funds)
- Category: Developed ex-US Large Cap Blend / Core Information Technology Equity
- Assets under management: $55.09M
- 1-year return: 31.5%
- Ticker: GMAGX
- SEC CIK: 0000880859
- SEC series ID: S000064626
- Share class ID: C000209218
GMAGX Investment Objective and Strategy
Invesco Advantage International 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 Funds investment objective is to seek capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing mainly in a broad range of international equity securities and other types of investments, including derivatives. Invesco Advisers, Inc.s (Invesco or the Adviser) Global Asset Allocation (GAA) Team evaluates market conditions regularly to determine investments for the portfolio that the team expects to perform well based on an evaluation of the market environment. As part of its evaluation and security selection process, the GAA Team considers, among other things, certain factors such as earnings quality and profitability, price momentum, valuation metrics, market capitalization and historical volatility. The GAA Team may also invest in the securities comprising one or more factor indices when determining the Funds exposure to a particular factor.
The Fund may invest without limit in all types of equity securities, including common stock, depositary receipts, and other securities or instruments whose prices are linked to the value of common stock. There are no restrictions on where the Fund may invest geographically or on the amount of the Funds assets that can be invested in foreign securities, including with respect to securities of issuers in developing and emerging markets (i.e., those that are generally in the early stages of their industrial cycles). Under normal market conditions, the Fund will invest in securities of issuers located in different countries throughout the world. The Fund normally invests in securities of issuers located in at least three countries outside the United States. The Fund may invest in securities denominated in U.S.
dollars or local foreign currencies. The Fund does not limit its investments to issuers in a particular market capitalization range and at times may invest a substantial portion of its assets in one or more particular market capitalization ranges. The Fund may, from time to time, invest a substantial portion of its assets in a particular industry or sector. The Fund may also invest in the securities of other investment companies, including exchange-traded funds (ETFs), subject to any limitations imposed by the Investment Company Act of 1940, as amended (1940 Act), or any rules thereunder, in order to obtain exposure to the asset classes, investment strategies and types of securities it seeks to invest in. These may include investment companies that are sponsored and/or advised by the Adviser or an affiliate, as well as non-affiliated investment companies.
The Fund may use leverage through the use of derivatives, borrowing and other leveraging strategies in an attempt to enhance the Funds returns. Leverage occurs when the investments in derivatives create greater economic exposure than the amount invested. Using derivatives often allows the portfolio managers to implement their views more efficiently and to gain more exposure to an asset class than investing in more traditional assets such as stocks would allow. The Fund may gain exposure to equity investments through listed and over-the-counter options. The Fund may also use derivatives to seek income or capital gain, to hedge market risks or hedge against the risks of other investments, to hedge foreign currency exposure, or as a substitute for direct investment in a particular asset class, investment strategy or security type.
The Funds use of derivatives may involve the purchase and sale of swaps (including equity index swaps), futures (including equity index futures and commodity futures listed on U.S. and foreign futures exchanges), options (including writing (selling) put and call options on equities, equity indices and ETFs), forward foreign currency contracts and other related instruments and techniques. The Fund can take long positions in investments that are believed to be undervalued and short positions in investments that are believed to be overvalued or which are established for hedging purposes, including long and short positions in equities and equity-sensitive convertibles, derivatives or other types of securities. The Funds use of derivatives and the leveraged investment exposure created by the use of derivatives are expected to be significant.
The Funds overall long or short positioning can vary based on market and economic conditions, and the Fund may take both long and short positions simultaneously. The Fund can seek to take advantage of arbitrage opportunities in equity, debt, currency and currency prices and market volatility. The Fund may hold significant levels of cash and cash equivalent instruments, including affiliated money market funds, as margin or collateral for the Funds obligations under derivatives transactions. The Funds portfolio managers may consider selling a security or other investment, or taking an off-setting long position, (1) for risk control purposes, (2) when its income or potential for return deteriorates or (3) when it otherwise no longer meets Invescos investment selection criteria. In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
GMAGX Holdings
Top 10 holdings of Invesco Advantage International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Treasury Portfolio | 13.56% |
| Invesco Government & Agency Portfolio | 7.30% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 3.36% |
| Samsung Electronics Co., Ltd. | 2.85% |
| ASML Holding N.V. | 1.61% |
| Delta Electronics, Inc. | 1.40% |
| SK hynix Inc. | 1.36% |
| Shell PLC | 1.35% |
| Novartis AG | 1.28% |
| Siemens Energy AG | 1.18% |
GMAGX Portfolio Allocation
Asset-class allocation of Invesco Advantage International Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 77.6% |
| Cash & Equivalents | 21.2% |
| Derivatives | 0.4% |
GMAGX Performance
Total returns for GMAGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.4% |
| 1 year | 31.5% |
| 3 years (annualised) | 15.9% |
| 5 years (annualised) | 8.1% |
GMAGX Risk Information
Risk metrics for GMAGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
GMAGX Costs and Fees
GMAGX costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.23%
- Portfolio turnover: 132%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
GMAGX Cashflows
Over the 12 months to 2026-04, Invesco Advantage International Fund had net inflows of $6.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$11.36M |
| 2026-03 | −$10.74M |
| 2026-02 | $5.15M |
| 2026-01 | $3.38M |
| 2025-12 | $4.21M |
| 2025-11 | $1.51M |
GMAGX Debt Constituents
No individual debt constituents are reported in Invesco Advantage International Fund's latest SEC N-PORT filing.
GMAGX Prospectus and SEC Filings
Official Invesco Advantage International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Portfolio holdings (N-PORT) — filed 2025-12-30
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Developed ex-US Large Cap Blend / Core Information Technology 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.