Benefits of investing in the Invesco Wholesale Australian Smaller Companies Fund - Class A

The Fund offers a range of features and benefits:

• Access to a specialist global investment manager with significant resources and expertise whose only business is to manage investments on behalf of its investors;

• A focus toward long-term capital growth;

• Access to a quantitative investment process and strategy designed to provide a repeatable and robust process;

• Access to an investment approach and process developed and refined over 25 + years;

• Exposure to a well-diversified, portfolio of Australian smaller companies;
• The ability to regularly access your funds (typically daily).

Invesco also provides a number of features to help you better manage and track your investments:

• Website updates;

• View account information online; and
• Regular reports

Additional features for non mFund investors:

• The ability to provide instructions by fax; and

• The ability to switch to other Invesco funds, transfer your holdings to another investor and appoint an authorised representative.

Investor suitability

The Fund is suitable to investors seeking a long term investment and who seek returns in line with the Fund's investment objectives.

About the Fund

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 Quantitative Strategies team.

The underlying portfolio generally holds between 60 and 120 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.

Investment Objective

The Invesco Wholesale Australian Smaller Companies Fund — Class A 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.

About Invesco Australia

Invesco Ltd. is one of the world's leading specialist investment managers. The firm has funds under management of more than US$1,180 billion globally (as at 30 September 2019) and operates in over 20 countries. Invesco is listed on the New York Stock Exchange under the symbol IVZ'.

Invesco Ltd. has more than 8,000 staff including 800-plus investment professionals managing a broad array of specialised investment strategies - ranging from major equity, fixed income, and property assets to alternative assets such as direct real estate, bank loans, multi strategy, private equity and commodities. These capabilities are delivered through numerous investment centres worldwide designed around distinctive asset classes, styles or regional expertise.

In Australia, Invesco has been managing and/or distributing investment portfolios for more than 20 years. Headquartered in Melbourne, our investment capabilities include Australian equities (large cap long-only and long/short; and small cap); fixed income (senior secured loans); global equities (fundamental high conviction); alternatives (multi asset; direct property); and listed property.

How we invest your money

The Fund invests primarily in shares of companies listed on the Australian Stock Exchange that fall outside of the S&P/ASX 100 list of companies. We take a quantitative approach to investing in Australian Smaller Companies shares.

The Fund actively takes a position in Australian Smaller Companies shares with the aim of delivering consistent returns above its benchmark. Central to the investment process is Invesco's proprietary stock selection model, designed to add value through the systematic application of key financial indicators and behavioural concepts developed by the Invesco Quantitative Strategies team.

We combine our stock forecasts with risk and transaction cost forecasts in an optimisation process to generate the most efficient portfolio of securities. The portfolio optimisation process ensures that we maximise the Fund's exposure to security selection after allowing for trading costs and desired risk attributes.

The underlying portfolio generally holds between 60 and 120 stocks that generally have a market capitalisation in excess of $40 million.

The underlying investments are managed by our Melbourne office, with support from our Frankfurt office.

We may use derivatives in the management of the Fund, but will not use derivatives for gearing purposes or speculative activities.

The Fund is permitted to borrow and to grant security over its assets. We do not intend to borrow or raise money in connection with the Fund for investment purposes, but may from time to time borrow for administrative purposes such as to cover timing differences between settlement of sales and purchases of underlying securities, and funding withdrawals.

Typical Asset Class Exposure 

• Australian shares: 90-100%
• Cash: 0-10%

The Fund seeks to generally be fully invested.