Fund Evaluator:

Invesco International Small Company A Overview

Invesco International Small Company A (IEGAX) is an actively managed International Equity Foreign Small/Mid Blend fund. Invesco launched the fund in 2000.

The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in equity securities and depositary receipts of foreign issuers. The fund may also invest up to 40% of its net assets in securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles.

About Invesco International Small Company A (IEGAX)

There are 2 members of the management team with an average tenure of 1.10 years: Michael Oliveros (2025), Andy Tidby (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI ACWI Ex USA Small NR USD index with a weighting of 100%. Invesco International Small Company A has 79 securities in its portfolio. The top 10 holdings constitute 25.1% 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 International Small Company A is part of the Equity global asset class and is within the International Equity fund group. Invesco International Small Company A has 98.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 98.2% 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 International Small Company A has 1.8% of the portfolio in cash.

Assets Under Management

The fund has $164 million in total assets, which is below the $540 million average for the Foreign Small/Mid Blend 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.

IEGAX 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 International Small Company A expense ratio is high compared to funds in the Foreign Small/Mid Blend category. Invesco International Small Company A has an expense ratio of 1.52%, which is 33% 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 International Small Company A has a portfolio turnover rate of 80%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 63% for the Foreign Small/Mid Blend category.

Recently, in the month of July 2026, Invesco International Small Company A returned -1.5%, which earned it a grade of C, as the Foreign Small/Mid Blend category had an average return of -1.3%. 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 International Small Company A has a trailing yield of 0.98%, which is below the 2.74% 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 International Small Company A Grades

Year to date, the fund has returned 6.2%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.8% over the past year (grade of F), 10.7% over the past three years (grade of F) and 6.3% per year over the past five years (grade of C) and 8.3% per year over the past 10 years (grade of C).

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