OTCNX — Invesco Capital Appreciation Fund
Data updated: 2026-07-28
OTCNX — Invesco Capital Appreciation Fund. United States Large Cap Growth Equity · $6.34B AUM. Holdings, fees, performance and SEC filings.
OTCNX Fund Overview
OTCNX — Invesco Capital Appreciation Fund is a US mutual fund managed by Aim Counselor Series Trust (invesco Counselor Series Trust), categorised as United States Large Cap 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 Counselor Series Trust (invesco Counselor Series Trust)
- Category: United States Large Cap Growth Equity
- Assets under management: $6.34B
- 1-year return: 24.8%
- Ticker: OTCNX
- SEC CIK: 0001112996
- SEC series ID: S000064617
- Share class ID: C000209170
OTCNX Investment Objective and Strategy
Invesco Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Counselor Series Trust (invesco Counselor Series Trust).
Investment objective
The Funds investment objective is to seek capital appreciation.
Principal investment strategy
The Fund mainly invests in common stocks of growth companies. Growth companies are companies that the portfolio managers expect to have above-average growth rates. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund considers a large-capitalization issuer to be one that has a market capitalization, at the time of purchase, within the range of market capitalizations included in the Russell 1000 Growth Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. This range is subject to change at any time due to market activity or changes in the composition of that index.
A companys market capitalization is the value of its outstanding stock. The Fund invests primarily in U.S. companies but may also purchase securities of issuers in any country, including developed countries and emerging markets. The Fund has no limits on the amount of its assets that can be invested in foreign securities. In selecting investments for the Fund, the portfolio managers look for companies with high growth potential using a bottom-up stock selection process. The bottom-up approach focuses on fundamental analysis of individual issuers before considering the impact of overall economic, market or industry trends. This approach includes analysis of a companys financial statements and management structure and consideration of the companys operations, product development, and its industry position.
The portfolio managers currently focus on what they believe to be high-growth companies that are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. The portfolio managers monitor individual issuers for changes in the factors above, which may trigger a decision to sell a security, but does not require a decision to do so. The factors considered by the portfolio managers may vary in particular cases and may change over time. The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
OTCNX Holdings
Top 10 holdings of Invesco Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 11.05% |
| Alphabet Inc. | 8.01% |
| Amazon.com, Inc. | 6.49% |
| Apple Inc. | 5.72% |
| Broadcom Inc. | 4.93% |
| Lam Research Corp. | 4.02% |
| Microsoft Corp. | 3.59% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 3.19% |
| Advanced Micro Devices, Inc. | 3.13% |
| Western Digital Corp. | 2.82% |
OTCNX Portfolio Allocation
Asset-class allocation of Invesco Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 0.6% |
OTCNX Performance
Total returns for OTCNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.4% |
| 1 year | 24.8% |
| 3 years (annualised) | 23.9% |
| 5 years (annualised) | 11.7% |
OTCNX Risk Information
Risk metrics for OTCNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.5%
OTCNX Costs and Fees
OTCNX costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.20%
- Portfolio turnover: 63%
- Brokerage commissions: 0.22 bps of average net assets (SEC N-CEN)
OTCNX Cashflows
Over the 12 months to 2026-05, Invesco Capital Appreciation Fund had net inflows of $29.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$40.04M |
| 2026-04 | −$38.41M |
| 2026-03 | −$53.12M |
| 2026-02 | −$49.57M |
| 2026-01 | −$61.57M |
| 2025-12 | $534.15M |
OTCNX Debt Constituents
No individual debt constituents are reported in Invesco Capital Appreciation Fund's latest SEC N-PORT filing.
OTCNX Prospectus and SEC Filings
Official Invesco Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-18
- Prospectus (485BPOS) — filed 2024-12-19
- Prospectus (485BPOS) — filed 2023-12-14
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Large Cap 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.