# Invesco Global Small Cap Equity A (ESMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/esmax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Passive Index · Inception: 2000-08-31 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. ## Key Facts | Metric | Value | |---|---| | Price | $13.20 | | Expense Ratio | 1.25% | | Assets Under Management | $684.2M | | NAV | $13.20 | | Holdings Count | — | | Distribution Yield (TTM) | 33.31% | | Annual Distribution (TTM) | $4.40 /share | | Distribution Frequency | Annual | | 52-Week Range | $12.03 – $17.47 | | Beta | 1.03 | ## Latest Distribution - Amount: $4.3964 /share - Ex-date: 2025-12-18 - Pay date: 2025-12-18 ## Frequently Asked Questions ### 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. ### Does ESMAX pay a dividend? Invesco Global Small Cap Equity A (ESMAX) currently distributes little or no income. Trailing-twelve-month yield is 33.31%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ESMAX pay dividends? Invesco Global Small Cap Equity A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ESMAX's dividend yield? ESMAX's trailing-twelve-month yield is 33.31%, calculated from the sum of dividends over the past year divided by the current price. ### When is ESMAX's next ex-dividend date? The most recently announced ex-dividend date for ESMAX was 2025-12-18. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ESMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ESMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ESMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ESMAX cost more than a fund like VOO? ESMAX is a passive index fund (current expense ratio 1.25%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to ESMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ESMAX (1.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/esmax - Distribution history: https://www.dividenddata.com/funds/esmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/esmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/esmax/expenses - Peer comparison: https://www.dividenddata.com/funds/esmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.