SLESX — Invesco Income Advantage U.S. Fund
Data updated: 2026-07-30
SLESX — Invesco Income Advantage U.S. Fund. United States Large Cap Blend / Core Equity · $216.98M AUM. Holdings, fees, performance and SEC filings.
SLESX Fund Overview
SLESX — Invesco Income Advantage U.S. Fund is a US mutual fund managed by Aim Counselor Series Trust (invesco Counselor Series Trust), categorised as United States Large Cap Blend / Core 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 Blend / Core Equity
- Assets under management: $216.98M
- 1-year return: 22.7%
- Ticker: SLESX
- SEC CIK: 0001112996
- SEC series ID: S000008063
- Share class ID: C000188888
SLESX Investment Objective and Strategy
Invesco Income Advantage U.S. 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 Fund’s investment objective is income and long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in equity securities of U.S. issuers and depositary receipts of foreign issuers. The principal type of equity securities in which the Fund invests is common stocks. The Fund may also invest in real estate investment trusts (REITs) of domestic and foreign issuers. The Fund can invest in derivative instruments including futures contracts. The Fund can use futures contracts, including index futures, to gain exposure to the broad market in connection with managing cash balances. The Fund seeks to provide a higher level of income (before fees) than its benchmark, the Russell 1000 Index (the benchmark), while still pursuing the highest return available given a lower level of portfolio volatility (risk) over a full market cycle, as measured by standard deviation.
The Fund will attempt to do this through its stock selection process where the portfolio managers systematically evaluate fundamental and behavioral factors to forecast individual security returns and rank these securities based on their attractiveness relative to industry peers. This process includes evaluating each security based on its earnings expectations, market sentiment, quality and value. When constructing the portfolio, the Fund seeks to maximize expected return, manage total volatility (risk), and target a higher dividend yield. Using proprietary portfolio construction and risk management tools, the portfolio managers incorporate these individual security forecasts and explicit goals of lower volatility over a full market cycle and higher yield to construct the Funds portfolio. The portfolio managers do not consider the composition of the benchmark when constructing the portfolio because they believe that the lack of benchmark-relative constraints allows for a higher level of return to be achieved while also striving for lower total risks (volatility) over a full market cycle relative to the benchmark.
The portfolio managers will consider selling or reducing a security position (i) if the forecasted return of a security becomes less attractive relative to industry peers or (ii) if a particular securitys risk profile changes. In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.
SLESX Holdings
Top 10 holdings of Invesco Income Advantage U.S. Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Treasury Portfolio | 11.72% |
| Invesco Government & Agency Portfolio | 6.35% |
| NVIDIA Corp. | 6.19% |
| Apple Inc. | 5.75% |
| Alphabet Inc. | 5.20% |
| Microsoft Corp. | 4.14% |
| Amazon.com, Inc. | 3.29% |
| Broadcom Inc. | 2.61% |
| Meta Platforms, Inc. | 1.73% |
| Micron Technology, Inc. | 1.37% |
SLESX Portfolio Allocation
Asset-class allocation of Invesco Income Advantage U.S. Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 77.3% |
| Cash & Equivalents | 18.4% |
| Fixed Income | 4.8% |
SLESX Performance
Total returns for SLESX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.6% |
| 1 year | 22.7% |
| 3 years (annualised) | 18.0% |
| 5 years (annualised) | 10.4% |
SLESX Risk Information
Risk metrics for SLESX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
SLESX Costs and Fees
SLESX costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.79%
- Portfolio turnover: 34%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SLESX Cashflows
Over the 12 months to 2026-05, Invesco Income Advantage U.S. Fund had net inflows of $1.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $280.90K |
| 2026-04 | −$55.75K |
| 2026-03 | −$465.95K |
| 2026-02 | $218.49K |
| 2026-01 | $662.64K |
| 2025-12 | −$362.99K |
SLESX Debt Constituents
Largest debt holdings of Invesco Income Advantage U.S. Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Mizuho Financial Group, Inc. | 0.51% |
| Mizuho Financial Group, Inc. | 0.49% |
| BNP Paribas | 0.47% |
| Mizuho Financial Group, Inc. | 0.43% |
| UBS Group AG | 0.41% |
| Royal Bank of Canada | 0.40% |
| Citigroup Inc. | 0.39% |
| Mizuho Financial Group, Inc. | 0.30% |
| Mizuho Financial Group, Inc. | 0.29% |
| Societe Generale | 0.28% |
SLESX Prospectus and SEC Filings
Official Invesco Income Advantage U.S. 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 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Large Cap 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.