Invesco Small Cap Equity Fund Class A (SMEAX)

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Invesco Small Cap Equity Fund Class A (SMEAX) is up 15.4% since the beginning of the year. SMEAX is currently trading at $17 per share. Investors who bought $1,000 worth of SMEAX shares 5 years ago would now be looking at an investment worth $1,380.

Invesco Small Cap Equity Fund Class A (SMEAX) has returned 15.42% so far this year and 27.16% over the past 12 months. Over the last ten years, SMEAX has returned 10.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2001, SMEAX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.

Historically, 62% of months were positive and 38% were negative. The best month was Oct 2011 with a return of +15.8%, while the worst month was Mar 2020 at -19.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SMEAX closed higher 52% of trading days. The best single day was Dec 13, 2019 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -13.5%.

Invesco Small Cap Equity Fund Class A has an annualized alpha of 1.18%, beta of 1.05, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 03, 2001.

• This fund captured 112.52% of S&P 500 Index gains and 107.21% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• With beta of 1.05 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

SMEAX has a high expense ratio of 1.22%, indicating above-average management fees.

SMEAX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) and compare them to S&P 500 Index.

Invesco Small Cap Equity Fund Class A provided a 8.10% dividend yield over the last twelve months, with an annual payout of $1.35 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Invesco Small Cap Equity Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Small Cap Equity Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Small Cap Equity Fund Class A was 56.69%, occurring on Mar 9, 2009. Recovery took 487 trading sessions.

The current Invesco Small Cap Equity Fund Class A drawdown is 1.83%.

The chart below shows the rolling one-month volatility.