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INVESCO Small Cap Growth Fund
mutual fund
GTSRX
Payout Change
Pending
Price as of:
$26.12
+0.32
+1.24%
primary theme
U.S. Small-Cap Growth Equity
share class
GTSRX (Mutual Fund)
INVESCO Small Cap Growth Fund
Payout Change
Pending
Price as of:
$26.12
+0.32
+1.24%
primary theme
U.S. Small-Cap Growth Equity
share class
GTSRX (Mutual Fund)
INVESCO Small Cap Growth Fund
Payout Change
Pending
Price as of:
$26.12
+0.32
+1.24%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.4%
1 yr return
31.3%
3 Yr Avg Return
-3.3%
5 Yr Avg Return
8.6%
Net Assets
$2.19 B
Holdings in Top 10
24.1%
52 WEEK LOW AND HIGH
$25.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GTSRX - Profile
Distributions
- YTD Total Return 23.4%
- 3 Yr Annualized Total Return -3.3%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.11%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO Small Cap Growth Fund
-
Fund Family NameINVESCOFDS
-
Inception DateJun 03, 2002
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJuan Hartsfield
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization issuers and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in equity securities. The principal type of equity security in which the Fund invests is common stock.
The Fund considers an issuer to be a small-capitalization issuer if it has a market capitalization, at the time of purchase, no larger than the market capitalization of the largest capitalized issuer included in the Russell 2000®Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month.
The Fund may invest up to 15% of its net assets in real estate investment trusts (REITs).
The Fund may also invest up to 25% of its net assets in foreign securities of companies located in developing and emerging markets countries as well as in developed markets.
The Fund invests primarily in securities that are considered by the Fund’s portfolio managers to have the potential for earnings or revenue growth. In selecting investments, the portfolio managers utilize a disciplined portfolio construction process that calibrates the Fund’s sector-related exposure relative to the Russell 2000® Growth Index, which the portfolio managers believe generally represents the small-cap growth asset class. The Fund uses this index as a guide in structuring and reviewing the portfolio, but the Fund is not an index fund that seeks to replicate the performance of the index. The security selection process is based on a three-step process that includes fundamental, valuation and timeliness analysis.
■
Fundamental analysis involves building a series of financial models, as well as conducting in-depth interviews with management. The goal is to find high quality, fundamentally sound issuers operating in an attractive industry.
■
Valuation analysis focuses on identifying attractively valued securities given their growth potential over a one- to two-year horizon.
■
Timeliness analysis is used to help identify the “timeliness” of a purchase. In this step, relative price strength, trading volume characteristics, and trend analysis are reviewed for signs of deterioration. If a security shows signs of deterioration, it will not be considered as a candidate for the portfolio.
The portfolio managers consider selling a security if the investment thesis for owning the security is no longer valid, the stock reaches its price
target or timeliness factors indicate that the risk/return characteristics of the stock as viewed in the market are no longer attractive.
GTSRX - Performance
Return Ranking - Trailing
| Period | GTSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.4% | -60.4% | 86.4% | 36.67% |
| 1 Yr | 31.3% | -57.4% | 88.1% | 38.33% |
| 3 Yr | -3.3%* | -15.0% | 63.0% | 86.30% |
| 5 Yr | 8.6%* | -10.4% | 48.0% | 67.71% |
| 10 Yr | 9.6%* | -3.9% | 25.6% | 87.56% |
* Annualized
Return Ranking - Calendar
| Period | GTSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -20.5% | 54.6% | 66.17% |
| 2022 | -38.4% | -82.1% | 32.2% | 85.74% |
| 2021 | -28.1% | -90.6% | 300.1% | 94.34% |
| 2020 | 32.5% | -63.0% | 127.9% | 39.33% |
| 2019 | 12.7% | -7.7% | 42.9% | 87.32% |
Total Return Ranking - Trailing
| Period | GTSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.4% | -60.4% | 86.4% | 36.67% |
| 1 Yr | 31.3% | -57.4% | 88.1% | 38.33% |
| 3 Yr | -3.3%* | -15.0% | 63.0% | 86.30% |
| 5 Yr | 8.6%* | -10.4% | 48.0% | 67.71% |
| 10 Yr | 9.6%* | -3.9% | 25.6% | 87.56% |
* Annualized
Total Return Ranking - Calendar
| Period | GTSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -19.0% | 136.8% | 77.32% |
| 2022 | -35.8% | -59.9% | 44.3% | 83.30% |
| 2021 | 7.1% | -22.7% | 411.9% | 63.96% |
| 2020 | 56.6% | 1.5% | 150.8% | 18.98% |
| 2019 | 23.0% | 5.5% | 55.3% | 84.91% |
NAV & Total Return History
GTSRX - Holdings
Concentration Analysis
| GTSRX | Category Low | Category High | GTSRX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.19 B | 209 K | 34.3 B | 27.04% |
| Number of Holdings | 126 | 7 | 1226 | 28.70% |
| Net Assets in Top 10 | 490 M | 53.8 K | 3.02 B | 28.52% |
| Weighting of Top 10 | 24.11% | 7.5% | 100.0% | 43.97% |
Top 10 Holdings
- Invesco Private Prime Fund 9.58%
- Invesco Private Government Fund 3.49%
- Tenet Healthcare Corp. 1.64%
- Guidewire Software, Inc. 1.50%
- TMX Group Ltd. 1.42%
- Clean Harbors, Inc. 1.39%
- AAON, Inc. 1.34%
- Coherent Corp. 1.33%
- Stride, Inc. 1.22%
- Element Solutions Inc. 1.20%
Asset Allocation
| Weighting | Return Low | Return High | GTSRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.69% | 92.05% | 107.62% | 13.52% |
| Cash | 13.41% | 0.00% | 28.78% | 2.22% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 70.74% |
| Other | 0.00% | -0.26% | 6.70% | 75.37% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 67.22% |
| Bonds | 0.00% | 0.00% | 2.40% | 66.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GTSRX % Rank | |
|---|---|---|---|---|
| Technology | 30.22% | 2.91% | 75.51% | 19.07% |
| Healthcare | 22.46% | 0.00% | 47.90% | 51.67% |
| Industrials | 17.58% | 0.00% | 36.64% | 42.04% |
| Consumer Cyclical | 13.27% | 0.00% | 24.04% | 37.22% |
| Financial Services | 5.51% | 0.00% | 42.95% | 66.48% |
| Basic Materials | 4.27% | 0.00% | 9.24% | 19.07% |
| Communication Services | 2.11% | 0.00% | 15.31% | 54.26% |
| Consumer Defense | 1.66% | 0.00% | 13.56% | 88.70% |
| Energy | 1.63% | 0.00% | 55.49% | 64.44% |
| Real Estate | 1.30% | 0.00% | 15.31% | 60.00% |
| Utilities | 0.00% | 0.00% | 5.57% | 75.93% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GTSRX % Rank | |
|---|---|---|---|---|
| US | 98.27% | 17.30% | 107.62% | 39.26% |
| Non US | 1.42% | 0.00% | 77.12% | 18.70% |
GTSRX - Expenses
Operational Fees
| GTSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.42% | 0.05% | 23.20% | 30.98% |
| Management Fee | 0.68% | 0.05% | 1.62% | 25.42% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 74.24% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| GTSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GTSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GTSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 35.00% | 3.00% | 264.00% | 30.02% |
GTSRX - Distributions
Dividend Yield Analysis
| GTSRX | Category Low | Category High | GTSRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 71.85% |
Dividend Distribution Analysis
| GTSRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GTSRX | Category Low | Category High | GTSRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.11% | -2.47% | 1.10% | 80.90% |
Capital Gain Distribution Analysis
| GTSRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2022 | $0.813 | OrdinaryDividend |
| Dec 16, 2021 | $14.137 | OrdinaryDividend |
| Dec 15, 2020 | $5.351 | OrdinaryDividend |
| May 13, 2020 | $1.269 | CapitalGainLongTerm |
| Dec 13, 2019 | $3.166 | CapitalGainLongTerm |
| Dec 14, 2018 | $3.028 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.038 | CapitalGainShortTerm |
| Dec 13, 2017 | $3.406 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.005 | CapitalGainShortTerm |
| Dec 13, 2016 | $3.050 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.895 | CapitalGainShortTerm |
| Dec 12, 2014 | $5.663 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.356 | CapitalGainShortTerm |
| Dec 13, 2013 | $1.812 | CapitalGainLongTerm |
| Dec 07, 2012 | $0.358 | CapitalGainShortTerm |
| Dec 07, 2012 | $2.374 | CapitalGainLongTerm |
| Dec 09, 2011 | $0.523 | CapitalGainLongTerm |
| Dec 12, 2008 | $0.878 | CapitalGainLongTerm |
| Dec 14, 2007 | $3.524 | CapitalGainLongTerm |
| Dec 15, 2006 | $2.240 | CapitalGainLongTerm |
| Dec 16, 2005 | $2.252 | CapitalGainLongTerm |
GTSRX - Fund Manager Analysis
Managers
Juan Hartsfield
Start Date
Tenure
Tenure Rank
Sep 08, 2004
17.74
17.7%
Juan Hartsfield is a portfolio manager for Invesco small-cap core and small-cap growth products, as well as the Invesco leisure products. Prior to joining Invesco in 2004, Mr. Hartsfield was a portfolio manager with JPMorgan Fleming Asset Mgmt. on various small-cap portfolios. Prior to joining JPMorgan, Mr. Hartsfield served as an associate with Booz Allen & Hamilton. Mr. Hartsfield earned a Bachelor of Science degree in petroleum engineering from The University of Texas at Austin and a Master of Business Administration degree from the University of Michigan. He is a CFA charterholder.
Clay Manley
Start Date
Tenure
Tenure Rank
May 01, 2008
14.09
14.1%
Mr. Manley joined Invesco in 2001 in its corporate associate program, working with fund managers throughout Invesco. He became an equity analyst in 2002 and was promoted to his current position in 2008. Prior to joining Invesco, he was an analyst with Sterne, Agee, and Leach Inc. where he specialized in analysis of the telecommunications and information technology services industries. He entered the financial industry in 1996. He earned a Bachelor of Arts degree with cum laude honors in history and geology at Vanderbilt University and a Master of Business Administration degree with concentrations in finance and accounting from Goizueta Business School at Emory University. Mr. Manley is a CFA charterholder.
Justin Sander
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Justin Sander is a Portfolio Manager for the Small Cap Discovery team of Invesco Fundamental Equities. Mr. Sander is responsible for covering the energy, financials, industrials and utilities sectors. He joined Invesco in 2013. Prior to joining Invesco, Mr. Sander worked at RBC Capital Markets as a vice president and equity research analyst covering the energy sector, and at Waddell & Reed Investment Management Co. as an equity research analyst covering the financials sector. Previously, he worked as a credit analyst and commercial lender for a commercially focused Texas regional bank. Mr. Sander earned a BBA, summa cum laude, in finance from Texas State University, and an MBA with a specialization in investments from the McCombs School of Business at The University of Texas. He is a Chartered Financial Analyst® (CFA) charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
