Invesco Global Small Cap Equity A

Frequently Asked Questions About ESMAX

What does ESMAX invest in?

This fund allocates a minimum of 80% of its total assets, inclusive of any borrowed capital, to securities issued by small-capitalization European entities. It also has the flexibility to invest in derivatives and other financial instruments that possess economic characteristics similar to these types of securities. The fund manager considers an issuer to be small-capitalization if its market value, at the moment of acquisition, is not larger than that of the biggest company in the Russell 2000® Index. Its portfolio mainly consists of common stocks and various depositary receipts.

What is the expense ratio of ESMAX?

Invesco Global Small Cap Equity A (ESMAX) charges an expense ratio of 1.25%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ESMAX?

Invesco Global Small Cap Equity A (ESMAX) manages $684.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ESMAX actively managed or an index fund?

ESMAX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ESMAX's is 1.25%) because there's no security selection cost.

When was ESMAX launched?

Invesco Global Small Cap Equity A (ESMAX) launched in August 2000 and is managed by Invesco.

How has ESMAX performed?

ESMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.