Invesco Wholesale Australian Smaller Companies Fund - Class A
Through Invesco’s proprietary investment model, the Fund seeks to unlock persistent long-term excess returns by investing in smaller companies listed on the Australian share market, predominantly outside the S&P/ASX 100 Index.
The Invesco Wholesale Australian Smaller Companies Fund aims to provide long-term capital growth and distributions by investing in smaller companies listed on the Australian sharemarket, predominantly outside the S&P/ASX 100 Index.
The Fund’s proprietary investment model seeks to unlock persistent long-term excess returns by investing in key financial signals (grouped into factors), and to harness these signals in a balanced manner. The Fund’s Portfolio Managers believe these financial signals offer persistent excess returns over time as they are nested in persistent market features; the structure of the market, the behavioural phenomenon of investors in the market, and the risk-premia prescribed to each equity in the market.
Consistent alpha, calculated risks
Consistently outperformed the benchmark over rolling three year periods since inception, while the fund’s fees are significantly lower than the wholesale sector average.1
Appropriate scaling, superior liquidity
A variety of holdings with managed exposure to less liquid names creates a portfolio with low liquidity risk, while maintaining scalability.
Unbiased coverage, core approach
Leveraging large scale global data in a process without human bias, delivered using scalable low turnover factors that persistently drive equity market returns.
Fund goals
The Fund aims to provide investors with long-term capital growth and distributions by investing in small companies listed on the Australian share market, predominantly outside of the S&P/ASX 100 Index.
Data as at 31 December 2023, unless stated otherwise
1 Based on the wholesale sector average base fee as stated by Zenith research and inclusive of the average performance fee.
Past performance is not an indication of future performance.
The Fund actively takes a position in Australian Smaller Companies shares with the aim of delivering consistent returns above its benchmark. The Fund aims to add value through the systematic application of key financial indicators and behavioural concepts developed by the Invesco Australian Equities team.
The underlying portfolio generally holds between 80 and 130 stocks that generally have a market capitalisation in excess of $40 million.
The underlying investments are managed by our Frankfurt and Melbourne offices, with supervision and monitoring undertaken by our Melbourne office.
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*Past performance is not a guarantee of future returns. Data as at 31 December 2023. Based on the wholesale sector average base fee of 1.05% as stated by Zenith research and inclusive of average 18.4% performance fee.
Investments can go up and down. Past returns are not a reliable indicator of future returns. Future returns may be affected by a range of factors including economic and market influences.
Invesco does not guarantee that the fund will achieve its objective or performance targets.
This is general information only and does not take into account your individual objectives, taxation position, financial situation or needs. You should assess whether the information is appropriate for you and consider obtaining independent taxation, legal, financial or other professional advice before making an investment decision. A Product Disclosure Statement (PDS) and Target Market Determination for any Invesco fund referred to here is available from Invesco. You should read the PDS and consider whether a fund is appropriate for you before making a decision to invest.
Invesco is authorised under its licence to provide financial product advice, deal in financial products and operate registered managed investment schemes. If you invest in an Invesco Fund, Invesco may receive fees in relation to that investment. Details are in the PDS. Invesco’s employees and directors do not receive commissions but are remunerated on a salary basis. Neither Invesco nor any related corporation has any relationship with other product issuers that could influence us in providing the information contained in this document.
Investments in the Invesco funds are subject to investment risks including possible delays in repayment and loss of income and principal invested. Neither Invesco nor any other member of the Invesco Ltd Group guarantee the return of capital, distribution of income, or the performance of any of the Funds. Any investments in the Funds do not represent deposits in, or other liabilities of, any other member of the Invesco Ltd Group.
While any Invesco fund referred to in this document may consider Environmental, Social and Governance (ESG) aspects to better manage risks and improve returns, it is not bound by any specific ESG criteria. The fund may invest across the ESG spectrum and will not necessarily exclude companies with controversial business areas – such as those with significant revenues from coal, fossil fuel, nuclear power, weapons and tobacco – from the investable universe. Information used to evaluate ESG factors may not be readily available, complete or accurate. ESG factors may vary across types of investments and issuers, and not every ESG factor may be identified or evaluated. There is no guarantee that the evaluation of ESG considerations will be additive to the fund’s performance.
Invesco has taken all due care in the preparation of this information. To the maximum extent permitted by law, Invesco, its related bodies corporate, directors or employees are not liable and take no responsibility for the accuracy or completeness of this information and disclaim all liability for any loss or damage of any kind (whether foreseeable or not) that may arise from any person acting on any statements contained in this information.
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Invesco Ltd is a leading independent global investment firm solely focused on investment management. We direct all our intellectual capital, global strength and operational stability towards helping investors achieve their long-term financial objectives.
Headquartered in Atlanta, USA, the firm has assets under management of approximately A$2.41 trillion (as at 31 December 2023) and is listed on the New York Stock Exchange (NYSE Code IVZ). Invesco has solid financials and a strong balance sheet. Founded in 1935, today Invesco Ltd has an on-the-ground presence in more than 20 countries, serving clients in more than 120 countries. Invesco Ltd has 8,400+ employees worldwide including more than 850 investment professionals. Invesco’s clients benefit from a commitment to investment excellence, a strong depth of investment capabilities, and organisational strength.
Invesco’s specialised active offerings for Australian investors include Australian equities (quantitative; long-only, smaller companies); fixed income and private credit (senior secured loans, global aggregate, direct lending, distressed credit); global equities (quantitative, fundamental high conviction); and alternatives (direct property – equity and debt, balanced risk). Invesco also manages global and Australian passive index mandates for Australian investors.
André Roberts, based in Melbourne, is a Senior Portfolio Manager in the Invesco Quantitative Strategies (IQS) team. He is responsible for managing IQS Australia’s equity portfolios.
André has extensive experience in Australian equities markets (fundamental, active quant and index), working in quantitative portfolio management, research, investment solutions and systems development. Prior to joining Invesco in February 2018, André was with IFM Investors, BlackRock and County Investment Management.
André is a CFA® charterholder and board member of the CFA Society of Melbourne, of which he is a past president. He holds a Bachelor of Science in statistics and a post-graduate diploma in econometrics from Monash University.
Neil Lahy, based in Melbourne, is a Senior Portfolio Manager in the Invesco Quantitative Strategies (IQS) team. He is responsible for managing IQS Australia’s equity portfolios.
Neil has extensive experience in Australian financial markets, working as a portfolio manager, senior risk manager, and equity research analyst in a variety of quantitative and fundamental equity teams including BlackRock. Neil has extensive experience establishing investment teams, including building a new quantitative capability at National Mutual Life Association and setting up investment operations for Agora Asset Management.
Neil is a founding director of financial software firm Calibre Financial Technology and has served as a lecturer and task force member for the Securities Institute of Australia. He holds a Bachelor of Science (Honours) and a Master of Science from Monash University.
Ritchard Longmire, based in Melbourne, is a Senior Portfolio Manager in the Invesco Quantitative Strategies (IQS) team. He is responsible for managing IQS Australia’s equity portfolios as well as Institutional index accounts.
Ritchard has extensive experience in Australian equity and capital markets, working in quantitative portfolio management, research and analysis, and economics. Prior to joining Invesco in February 2018, Ritchard was with BlackRock, Barclays Global Investors, and Tactical Global Management.
Ritchard holds a Bachelor of Economics (honours) from Monash University.
Nicole Schnuderl, based in Melbourne, is a Senior Portfolio Manager in the Invesco Quantitative Strategies (IQS) team. She is responsible for managing IQS Australia’s equity portfolios as well as Institutional index accounts.
Nicole joined IQS in 2005 in Frankfurt and transferred to Invesco Melbourne in October 2009 to continue our efforts to establish our quantitative equity expertise in the Australian market, having worked extensively on developing Invesco's Australian Equity portfolio since 2007. Previously, Nicole had worked in Invesco's London Institutional Business team, and before that she worked for the Austrian central bank and at the University of Richmond, Virginia USA.
Nicole has degrees in Business Administration and Economics from Vienna University in Austria and the University of Richmond, Virginia USA.
Richard CJ Tsai, based in Melbourne, is a Portfolio Manager in the Invesco Quantitative Strategies (IQS) team. He is responsible for supporting the management of IQS Australia’s equity portfolios.
CJ has extensive experience in Australian financial markets, working in quantitative systems, research and analysis, and actuarial consulting. Prior to joining Invesco in April 2018, CJ was with BlackRock, Russell Investment Group, and Towers Perrin.
CJ is an Associate of the Institute of Actuaries Australia. He holds a Bachelor of Commerce (Actuarial Studies) and Bachelor of Science (Computer Science) from the University of Melbourne.
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