Invesco American Franchise Fund

AIM Counselor Series Trust (Invesco Counselor Series Trust) · Series S000027822 · 6 share classes

Equity fund · 100% stocks
One fund, 6 share classes:VAFAXVAFCXVAFIXVAFRXVAFNXVAFFX
$16.52B NAV
55 positions · as of 2026-02-28 · filed 2026-04-28
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2025 Q4

The Funds investment objective is to seek long-term capital appreciation.

Strategy · summarised

The fund pursues long-term capital appreciation through bottom-up stock selection focused on U.S. mid- and large-cap equities with growth potential at attractive valuations, using fundamental analysis and direct engagement with company management and industry participants. The fund is non-diversified and may concentrate a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can. Up to 20% of assets may be invested in foreign securities, including up to 10% in emerging markets.

Expenses
0.61% 1.68%across 6 share classes
Share classExpense ratio
VAFAX0.93%
VAFCX1.68%
VAFIX0.68%
VAFRX1.18%
VAFNX0.68%
VAFFX0.61%

Portfolio turnover 54.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.78%
of net assets
Stocks99.78%
Cash & short-term1.01%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 8 new12 exited

New: LLY, APH, ASML Holding N.V., WMB, COHR, AXP, RKT, VRTX

Largest exited: NFLX, VST, SHOP, Spotify Technology S.A., BSX, ETN, AFRM, AXON

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Mar 2023 – Feb 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA12.65%$2.09B
Alphabet Inc.GOOGL7.66%$1.27B
Microsoft Corp.MSFT5.96%$984.71M
Amazon.com, Inc.AMZN5.59%$924.14M
Apple Inc.AAPL5.25%$867.07M
Meta Platforms, Inc.META4.95%$817.56M
Broadcom Inc.AVGO4.34%$717.19M
Taiwan Semiconductor Manufacturing Co. Ltd.TSM3.65%$603.41M
Tesla, Inc.TSLA3.12%$515.72M
Lam Research Corp.LRCX3.05%$504.41M
Showing 10 of 55Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-02-28 — not a live quote, and not what the fund paid.

Top 10 positions are 56.23% of net assets, top 25 81.77%, across 55 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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