ECG - Invesco Small Cap Growth Fund Q1 2025 Commentary
2025-05-11 09:56:00 ET
Summary
- Both the fund and benchmark index had negative returns for the quarter.
- We reduced exposure to artificial intelligence (AI)-related stocks, capital markets and cyclical sectors. This strategy has been further reinforced by ongoing tariff uncertainty.
- We see potential for more volatility through the upcoming season of corporate earnings releases and believe there is increased likelihood of recession.
Standardized performance (%) |
as of March 31, 2025 |
Quarter |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
Since Inception |
Class A shares inception: 10/18/95 |
NAV |
-12.14 |
-12.14 |
-7.38 |
-2.35 |
9.73 |
6.20 |
9.45 |
Max. Load 5.5% |
-16.97 |
-16.97 |
-12.47 |
-4.17 |
8.49 |
5.60 |
9.23 |
Class R6 shares inception: 09/24/12 |
NAV |
-12.05 |
-12.05 |
-7.02 |
-1.94 |
10.19 |
6.68 |
9.54 |
Class Y shares inception: 10/03/08 |
NAV |
-12.07 |
-12.07 |
-7.13 |
-2.09 |
10.00 |
6.47 |
10.08 |
Russell 2000 Growth Index ((USD)) |
-11.12 |
-11.12 |
-4.86 |
0.78 |
10.78 |
6.14 |
- |
Total return ranking vs. Morningstar Small Growth category (Class A shares at NAV) |
- |
- |
70% (376 of 549) |
76% (386 of 533) |
76% (372 of 518) |
76% (296 of 393) |
- |