Fund Evaluator:

Invesco Asia Pacific Equity R Overview

Invesco Asia Pacific Equity R (ASQRX) is an actively managed International Equity Pacific/Asia ex-Japan Stk fund. Invesco launched the fund in 2025.

The investment seeks long-term growth of capital. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of issuers in the Asia Pacific region (except Japanese companies), and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in equity securities and depositary receipts. The fund may invest in the securities of issuers of all capitalization sizes and may invest a significant amount of its net assets in the securities of small- and mid-capitalization issuers. The fund's common stock investments also include China-A shares.

About Invesco Asia Pacific Equity R (ASQRX)

There are 3 members of the management team with an average tenure of 1.10 years: William Lam (2025), Charles Bond (2025), Matthew Pigott (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI AC Asia Pac Ex JPN NR USD index with a weighting of 100%. Invesco Asia Pacific Equity R has 63 securities in its portfolio. The top 10 holdings constitute 47.9% 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 Asia Pacific Equity R is part of the Equity global asset class and is within the International Equity fund group. Invesco Asia Pacific Equity R has 97.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2%. There is 97.3% 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 Asia Pacific Equity R has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $825 million in total assets, which is below the $289 million average for the Pacific/Asia ex-Japan Stk 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.

ASQRX 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 Asia Pacific Equity R expense ratio is high compared to funds in the Pacific/Asia ex-Japan Stk category. Invesco Asia Pacific Equity R has an expense ratio of 1.67%, which is 37% higher than its category average, making the fund expense ratio grade a F. 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 Asia Pacific Equity R has a portfolio turnover rate of 102%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 79% for the Pacific/Asia ex-Japan Stk category.

Recently, in the month of July 2026, Invesco Asia Pacific Equity R returned 1.7%, which earned it a grade of A, as the Pacific/Asia ex-Japan Stk category had an average return of -6.2%. 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 Asia Pacific Equity R has a trailing yield of 0.44%, which is below the 0.82% 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 Asia Pacific Equity R Grades

Year to date, the fund has returned 14.5%, 5.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 31.8% over the past year (grade of D), 13.9% over the past three years (grade of D) and 6.7% per year over the past five years (grade of C) and 7.8% per year over the past 10 years (grade of F).

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