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Invesco European Small Company Y ESMYX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
18.44  /  0.16 %
Total Assets
274.2 Mil
Adj. Expense Ratio
1.290%
Expense Ratio
1.290%
Fee Level
High
Longest Manager Tenure
20.93 years
Category
Europe Stock
Investment Style
Small Blend
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.94%
Turnover
6%

USD | NAV as of Aug 05, 2021 | 1-Day Return as of Aug 05, 2021, 2:46 AM GMT+00:00

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Morningstar’s Analysis

Will ESMYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ESMYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the ESMYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of ESMYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A veteran manager will be retiring in a few months.

Senior Analyst

Summary

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Invesco announced in late May that Invesco European Small Company's lead manager, Jason Holzer, will retire as of Sept. 30, 2021. Although the other manager, Borge Endresen, will remain in place, Holzer's impending departure prompts a downgrade of this strategy's People rating to Above Average from High. As a result, the Morningstar Analyst Ratings for most share classes have been downgraded to Bronze from Silver, while the costly C shares fall to Neutral from Bronze.

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