TGRSX — Invesco Pacific Growth Fund
Data updated: 2021-04-01
TGRSX — Invesco Pacific Growth Fund. China Growth Equity · $102.36M AUM · 1.26% expense ratio. Holdings, fees, performance and SEC filings.
TGRSX Fund Overview
TGRSX — Invesco Pacific Growth Fund is a US mutual fund managed by Aim Investment Funds (invesco Investment Funds), categorised as China 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 Investment Funds (invesco Investment Funds)
- Category: China Growth Equity
- Assets under management: $102.36M
- 1-year return: 46.1%
- Ticker: TGRSX
- SEC CIK: 0000826644
- SEC series ID: S000027892
- Share class ID: C000095991
TGRSX Investment Objective and Strategy
Invesco Pacific Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Investment Funds (invesco Investment Funds).
Investment objective
The Fund’s investment objective is 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 securities of issuers in the Pacific region, and in other instruments that have economic characteristics similar to such securities. The Fund uses various criteria to determine whether an issuer is in the Pacific region, including whether (1) it is organized under the laws of a country in the Pacific region, (2) it has a principal office in a country in the Pacific region, (3) it derives 50% or more of its total revenues from business in the Pacific region, or (4) its securities are trading principally on a security exchange, or in an over-the-counter market, in a country in the Pacific region. The Fund invests primarily in equity securities and depositary receipts.
The principal types of equity securities in which the Fund invests are common and preferred stocks. The Fund's common stock investments also include China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange). 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 may invest in the securities of issuers of all capitalization sizes and may invest a significant amount of its net assets in the securities of small- and mid-capitalization issuers. The Fund may also invest up to 100% of its net assets in foreign securities, including securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles.
The Fund can invest in derivative instruments including forward foreign currency contracts. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated; though the Fund has not historically used these instruments. The Fund seeks to benefit from the distinct investment approaches of two investment teamsone that manages stock selection in Asia Pacific region issuers (excluding Japan) and one that is responsible for stock decisions in Japanese issuers. The process of the investment team that manages investments in Asia Pacific region issuers (excluding Japanese) investments combines a disciplined bottom-up and top-down multifactor analysis. Regional exposure within the Fund is constructed using a subset of country model portfolios.
Country specialists are responsible for selecting stocks within a country based on proprietary research and analysis. The country weightings within the Fund reflect both bottom-up opportunities and top-down country preferences. The process of the investment team that manages Japanese investments consists of bottom-up stock selection and portfolio construction. Starting with the stocks mainly listed on the Tokyo Stock Exchange First Section, the team uses liquidity and a valuation screen to focus on undervalued stocks based on price-to-earnings or price-to-book on a relative and historical basis. They then conduct a fundamentals screening process to narrow the results down to a small group of names. Next, they conduct in-depth research, including company visits and management interviews, to define the investment opportunity of companies which can transform or have been transforming themselves into value creating companies from a long-term perspective.
When choosing a stock and deciding its weighting, the teams confidence level, relative valuation and liquidity are key considerations. Both investment teams consider selling a Fund holding if: They believe the stock is trading significantly above its fair value. They believe a stock has negative earnings momentum or sequential earnings downgrades, unless its valuation is already very low or distressed. They see a permanent, fundamental deterioration in a companys business prospects. They identify a more attractive investment opportunity elsewhere.
TGRSX Performance
Total returns for TGRSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 46.1% |
TGRSX Risk Information
Risk metrics for TGRSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.2%
TGRSX Costs and Fees
TGRSX costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.26%
- Portfolio turnover: 61%
- Brokerage commissions: 13.46 bps of average net assets (SEC N-CEN)
TGRSX Cashflows
Over the 12 months to 2021-01, Invesco Pacific Growth Fund had net outflows of $713.16K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | −$1.11M |
| 2020-12 | $387.73K |
| 2020-11 | $621.22K |
| 2020-10 | $278.86K |
| 2020-09 | $280.64K |
| 2020-08 | $1.43M |
TGRSX Debt Constituents
No individual debt constituents are reported in Invesco Pacific Growth Fund's latest SEC N-PORT filing.
TGRSX Prospectus and SEC Filings
Official Invesco Pacific Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-22
- Prospectus (485BPOS) — filed 2020-03-10
- Prospectus (485BPOS) — filed 2019-03-12
- Portfolio holdings (N-PORT) — filed 2021-04-01
- Portfolio holdings (N-PORT) — filed 2020-12-30
- Portfolio holdings (N-PORT) — filed 2020-09-29
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other China 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.