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Fact File: The Invesco International Growth Fund (AIIEX)

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The Invesco International Growth Fund

According to the fund, the Invesco International Growth Fund – Class A (AIIEX) aims to attain growth of its investors’ capital “by investing in a diversified portfolio of reasonably priced, quality international companies with strong fundamentals and/or accelerating earnings growth.”

Launched in April 1992, AIIEX managed $9.0 billion in assets as of the end of October 2015. As of the end of September, it had 74 holdings in its portfolio.

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Sectoral and geographic breakdown

If you’re invested in AIIEX, 23.8% of your money is invested into consumer discretionary stocks, according to the latest available sectoral breakdown as of October 2015. Stocks from the financial sector form 17.9% of the fund’s assets, followed by the information technology sector, which forms 15.4% of the portfolio. Consumer staples and industrials, in that order, round off the top five sectors invested in by the fund. The fund holds 6.8% of its assets in cash and equivalents, and it is not invested in the telecom services and utilities sectors.

The geographic exposure, as of October 2015, shows that 20.8% of your money is invested into stocks from the United Kingdom. Stocks from all other countries form less than 10% each of the portfolio. Stocks of companies from Switzerland form 8.5% of the fund’s net assets, followed by Germany, which comprises 8.4% of the portfolio. Japan and Canada follow, making up 7.4% and 7.2% of the fund, respectively.

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The UK’s Sky Plc was the fund’s largest holding, comprising 3.5% of the fund’s September 2015 assets. RELX PLC (RELX), Teva Pharmaceutical Industries Limited (TEVA), WPP plc (WPPGY), Publicis Groupe SA (PUBGY), and CGI Group, Inc. (GIB) had formed a combined 11.4% of the fund’s assets for the month.

Fees and minimums

If you are interested in investing in the Invesco International Growth Fund (AIIEX), you would require a minimum initial investment of $1,000. You can add to your investment in multiples of $50. For Class A shares, the fund house can levy a maximum sales charge of 5.5% as a percentage of the offered price. The expense ratio of the fund is 1.33%.

Let’s look at the Artisan International Fund – Investor Class (ARTIX) in the next article.

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