SMEAX Performance — Invesco Small Cap Equity Fund, Class A
Data updated: 2026-08-25
SMEAX returned +25.56% year to date and +30.94% over one year to Jun 2026. Annualised returns are +19.00% over 3 years and +8.40% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $169, against $150 for the category, and to $131 over one year, against $122. Volatility over the past three years was 18.72% a year. In the 12 months to Jun 2026 the fund took in a net $25.3M, and assets reached $1.25B.
SMEAX Growth of $100
What $100 invested in Invesco Small Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | SMEAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $131 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $169 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $150 | $147 |
| Since data start (Jul 2019 – Jun 2026) | $237 | $208 |
SMEAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.56% |
| 1 year | +30.94% |
| 3 years (annualised) | +19.00% |
| 5 years (annualised) | +8.40% |
SMEAX Annual Returns
Calendar-year total returns of Invesco Small Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +25.56% |
| 2025 | +7.78% |
| 2024 | +17.79% |
| 2023 | +15.95% |
| 2022 | −20.60% |
| 2021 | +20.03% |
| 2020 | +27.30% |
| 2019 (Jul–Dec) | +5.89% |
SMEAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.4% | +1.9% | −7.0% | +13.9% | +3.0% | +8.3% | — | — | — | — | — | — |
| 2025 | +4.7% | −5.2% | −6.1% | −0.9% | +5.6% | +6.0% | 0.0% | +3.4% | +1.3% | +1.2% | +0.2% | −1.8% |
| 2024 | −2.0% | +5.8% | +4.5% | −5.7% | +4.5% | −1.1% | +8.1% | −0.4% | +1.6% | −1.6% | +12.5% | −7.8% |
| 2023 | +8.9% | −0.5% | −2.4% | −1.3% | −3.1% | +8.5% | +3.5% | −1.7% | −4.8% | −6.2% | +7.2% | +8.5% |
| 2022 | −10.4% | +0.9% | +0.1% | −9.8% | 0.0% | −8.8% | +10.0% | −2.3% | −8.7% | +11.1% | +4.2% | −6.1% |
| 2021 | +3.0% | +8.0% | +1.7% | +3.9% | −0.5% | +0.6% | −0.2% | +1.1% | −4.0% | +4.7% | −3.5% | +4.3% |
| 2020 | −2.3% | −10.1% | −19.1% | +14.8% | +9.9% | +2.9% | +5.5% | +4.1% | −2.5% | +3.5% | +15.7% | +7.7% |
| 2019 | — | — | — | — | — | — | +1.7% | −3.7% | +1.1% | +0.4% | +3.8% | +2.6% |
SMEAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.72%
- 3-year Sharpe ratio: 0.77 (vs 4.5% risk-free rate)
- Best month: +13.90% (Apr 2026)
- Worst month: −7.82% (Dec 2024)
SMEAX Fund Flows
Monthly money in and out of Invesco Small Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $25.3M
- 12-month gross sales (incl. reinvestments): $253.5M
- Sales ÷ redemptions: 1.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.4M | $22.2M | −$12.8M |
| May 2026 | $11.5M | $17.6M | −$6.1M |
| Apr 2026 | $11.9M | $26.0M | −$14.1M |
| Mar 2026 | $13.4M | $19.5M | −$6.1M |
| Feb 2026 | $13.5M | $16.6M | −$3.1M |
| Jan 2026 | $17.1M | $25.3M | −$8.2M |
| Dec 2025 | $97.5M | $18.3M | $79.2M |
| Nov 2025 | $14.9M | $14.3M | $592K |
| Oct 2025 | $16.5M | $18.2M | −$1.8M |
| Sep 2025 | $14.4M | $14.3M | $73K |
| Aug 2025 | $14.4M | $14.3M | $107K |
| Jul 2025 | $19.1M | $21.6M | −$2.5M |
SMEAX Assets Under Management
Net assets of Invesco Small Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.25B |
| 2026-03-31 | $1.02B |
| 2025-12-31 | $1.04B |
| 2025-09-30 | $1.06B |
| 2025-06-30 | $1.01B |
| 2025-03-31 | $911.66M |
| 2024-12-31 | $984.16M |
| 2024-09-30 | $979.27M |
| 2024-06-30 | $903.74M |
| 2024-03-31 | $941.76M |
| 2023-12-31 | $886.33M |
| 2023-09-30 | $828.18M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.