Fund Evaluator:
Invesco EQV International Equity Y (AIIYX)
Follow This Fund
Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
Invesco EQV International Equity Y Overview
Invesco EQV International Equity Y (AIIYX) is an actively managed International Equity Foreign Large Growth fund. Invesco launched the fund in 2008.
The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The fund invests primarily in equity securities (including depositary receipts) of foreign issuers. The principal types of equity securities in which the fund invests are common and preferred stock.
About Invesco EQV International Equity Y (AIIYX)
There are 5 members of the management team with an average tenure of 6.63 years: Richard Nield (2013), Mark McDonnell (2023), Michael Shaman (2023), Amrita Dukeshier (2025), Brently Bates (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Invesco EQV International Equity Y has 80 securities in its portfolio. The top 10 holdings constitute 28.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco EQV International Equity Y is part of the Equity global asset class and is within the International Equity fund group. Invesco EQV International Equity Y has 90.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 7.0%. There is 90.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco EQV International Equity Y has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $232 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AIIYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco EQV International Equity Y expense ratio is high compared to funds in the Foreign Large Growth category. Invesco EQV International Equity Y has an expense ratio of 1.02%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco EQV International Equity Y has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, Invesco EQV International Equity Y returned -0.7%, which earned it a grade of B, as the Foreign Large Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco EQV International Equity Y has a trailing yield of 1.97%, which is above the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco EQV International Equity Y Grades
Year to date, the fund has returned 10.2%, 3.6 percentage points better than the category, which translates into a grade of B. The fund has returned 18.6% over the past year (grade of B), 9.8% over the past three years (grade of D) and 4.6% per year over the past five years (grade of C) and 6.8% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Invesco EQV International Equity Y, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
AIIYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AIIYX Return (NAV) | -0.7% | 5.0% | 18.6% | 9.8% | 4.6% | 6.8% |
| AIIYX Grade | B | A | B | D | C | D |
| +/- Category | 2.0% | 2.4% | 5.5% | -0.9% | 1.3% | -1.4% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| AIIYX Tax Cost Ratio | na | na | 3.8% | 2.2% | 2.9% | 2.4% |
AIIYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AIIYX Return (NAV) | 10.2% | 16.2% | 0.5% | 17.9% | -18.3% | 5.8% | 13.6% | 28.3% | -15.1% | 22.9% | -0.6% |
| AIIYX Grade | B | D | F | B | A | D | F | C | C | F | B |
| +/- Category | 3.6% | -3.8% | -4.8% | 1.2% | 6.8% | -2.3% | -11.8% | -1.0% | -1.5% | -9.1% | 1.0% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 13.1% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (13% Rank) |
| Beta: | 0.89 |
| R-Squared: | 88% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 2.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1878 Mil |
| Fund Total Assets: | $ 232 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 50% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 13.4 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Nield Richard (2013), Bates Brently (2013), McDonnell Mark (2023), Shaman Michael (2023), Dukeshier Amrita (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 80 |
| % in Top 10 Holdings: | 28.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 90.8% |
Portfolio Allocation |
|
| Domestic Stock: | 7.0% |
| Foreign Stock: | 90.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com |
| Status: | Open |
| Inception Date: | October 3, 2008 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.02% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Invesco EQV International Equity A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
