Fund Evaluator:
Invesco Technology R (ITYRX)
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Best Performing in Technology Over the Last Year
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Fund Details
Invesco Technology R Overview
Invesco Technology R (ITYRX) is an actively managed Sector Equity Technology fund. Invesco launched the fund in 2025.
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 issuers engaged in technology-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in equity securities. The principal type of equity security in which the fund invests is common stock. It is non-diversified.
About Invesco Technology R (ITYRX)
There are 2 members of the management team with an average tenure of 1.97 years: Asutosh (Ash) Shah (2022), Tony Hipple (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P North American Tech Sector TR USD index with a weighting of 100%. Invesco Technology R has 46 securities in its portfolio. The top 10 holdings constitute 46.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Technology R is part of the Equity global asset class and is within the Sector Equity fund group. Invesco Technology R has 12.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 86.8%. There is 12.2% 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 Technology R has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $1 billion average for the Technology 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.
ITYRX 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 Technology R expense ratio is high compared to funds in the Technology category. Invesco Technology R has an expense ratio of 1.27%, which is 3% higher than its category average, making the fund expense ratio grade a D. 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 Technology R has a portfolio turnover rate of 134%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Invesco Technology R returned 5.3%, which earned it a grade of B, as the Technology category had an average return of 1.9%. 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 Technology R has a trailing yield of 0.00%, which is below the 0.05% 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 Technology R Grades
Year to date, the fund has returned 46.8%, 13.2 percentage points better than the category, which translates into a grade of A. The fund has returned 64.3% over the past year (grade of B), 37.4% over the past three years (grade of B) and 16.2% per year over the past five years (grade of C) and 20.9% per year over the past 10 years (grade of D).
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ITYRX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ITYRX Return (NAV) | 5.3% | 46.4% | 64.3% | 37.4% | 16.2% | 20.9% |
| ITYRX Grade | B | B | B | B | C | D |
| +/- Category | 3.3% | 5.7% | 10.5% | 4.5% | 1.3% | -1.9% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| ITYRX Tax Cost Ratio | na | na | na | na | na | na |
ITYRX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ITYRX Return (NAV) | 46.8% | 19.5% | 33.8% | 46.8% | -40.2% | 13.9% | 45.5% | 35.1% | -1.0% | 34.3% | -1.4% |
| ITYRX Grade | A | D | B | D | D | C | D | D | B | D | F |
| +/- Category | 13.2% | -5.2% | 5.4% | -2.8% | -2.0% | -3.3% | -11.3% | -6.1% | 2.9% | -3.1% | -12.2% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 24.2% |
| Total Risk Index: | 1.99 - High |
| Category Risk Index: | 1.00 - Above Average |
| Category Risk Grade: | D (64% Rank) |
| Beta: | 1.63 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3052 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 134% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.6 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Shah Asutosh (Ash) (2022), Hipple Tony (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 46.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 12.2% |
Portfolio Allocation |
|
| Domestic Stock: | 86.8% |
| Foreign Stock: | 12.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com |
| Status: | Open |
| Inception Date: | September 30, 2025 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.27% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Invesco Technology Investor |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
