QIVCX — Invesco International Equity Fund

Data updated: 2023-06-29

QIVCX — Invesco International Equity Fund. Europe Blend / Core Equity · $855.30M AUM · 2.00% expense ratio. Holdings, fees, performance and SEC filings.

QIVCX Fund Overview

QIVCX — Invesco International Equity Fund is a US mutual fund managed by Aim International Mutual Funds (invesco International Mutual Funds), categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

QIVCX Investment Objective and Strategy

Invesco International Equity 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

Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests mainly in common and preferred stocks of companies that are either domiciled or have their primary operations outside the United States. The Fund will invest in common and preferred stocks of issuers in at least five different countries outside the United States, or may use depositary receipts to get such investment exposure. The Fund may invest 100% of its assets in foreign companies. The Fund can invest in any country, including developed or emerging market countries, i.e., those that are generally in the early stages of their industrial cycles.

From time to time, the Fund may place greater emphasis on investing in one or more particular regions, such as Asia or Europe. The Fund may invest up to 10% of its total assets in the securities of U.S. issuers. The Fund invests primarily in securities of issuers that are considered by the Funds portfolio managers to have potential for earnings or revenue growth. The Fund does not limit its investments to issuers within a specific market capitalization range and at times may invest a substantial portion of its assets in one or more particular capitalization ranges. The Fund may invest up to 10% of its net assets in debt securities or convertible securities. The Fund can invest in derivative instruments, including forward foreign currency contracts and futures. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.

The Fund can use futures contracts to gain exposure to the broad market in connection with managing cash balances or to hedge against downside risk. The portfolio managers strategy primarily focuses on identifying issuers that they believe have a strong EQV profile. The portfolio managers EQV investment approach focuses on Earnings, demonstrated by sustainable earnings growth; Quality, demonstrated by efficient capital allocation; and Valuation, demonstrated by attractive prices. The portfolio managers employ a disciplined investment strategy that emphasizes fundamental research. The fundamental research primarily focuses on identifying quality growth companies and is supported by quantitative analysis, portfolio construction and risk management. As part of the Fund s investment process to implement its investment strategy in pursuit of its investment objective, the Funds portfolio manager may also consider both qualitative and quantitative environmental, social and governance (ESG) factors they believe to be material to, understanding an issuers fundamentals, assess whether any ESG factor poses a material financial risk or opportunity to the issuer and determine whether such risks are appropriately reflected in the issuers valuation.

This analysis may involve the use of third-party research as well as proprietary research. Consideration of ESG factors is just one component of the portfolio managers assessment of issuers eligible for investment and not necessarily determinative to an investment decision. Therefore, the Funds portfolio manager may still invest in securities of issuers that may be viewed as having a high ESG risk profile. The ESG factors considered by the Funds portfolio manager may change over time and one or more factors may not be relevant with respect to all issuers eligible for investment and ESG considerations may not be applied to all issuers or investments in the Fund. 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.

The Funds portfolio managers may consider selling a security for several reasons, including when (1) its price changes such that they believe it has become too expensive, (2) the original investment thesis for the company is no longer valid, or (3) a more compelling investment opportunity is identified.

QIVCX Performance

Total returns for QIVCX (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year2.6%
3 years (annualised)6.3%

QIVCX Risk Information

Risk metrics for QIVCX, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 23.6%

QIVCX Costs and Fees

QIVCX costs about $200 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 2.00%
  • Gross expense ratio: 2.01%
  • Portfolio turnover: 107%
  • Brokerage commissions: 20.21 bps of average net assets (SEC N-CEN)

QIVCX Cashflows

Over the 12 months to 2023-04, Invesco International Equity Fund had net outflows of $236.32M, from monthly SEC N-PORT filings.

MonthNet flow
2023-04−$20.85M
2023-03−$16.69M
2023-02−$17.59M
2023-01−$22.10M
2022-12−$38.94M
2022-11−$21.28M

QIVCX Debt Constituents

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

QIVCX Prospectus and SEC Filings

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

Related Funds

Other Europe Blend / Core 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.